It appears that several international Financial ETFs have, generally, performed well over the past couple of years and are, either approaching major resistance, or have already reached it, when compared with their respective country’s Major Index on a ratio basis. The first is the XLF:$SPX ratio, as shown on the 5-Year Daily ratio chart below. The second is the EUFN:$STOX50 ratio, […]

Video Length: 00:22:56 This has the potential to be a top, or it could just intensify the bubble mentality even more if not making it even that much more likely that investors get caught when the top arrives. The more times the market recovers the more convinced traders become that there is no risk thus […]

USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then the following upside movement could take price to 1.3100 area.

With South Korean stocks soaring in the face of nukes from their northern neighbor and a credit-crunching China, it appears the South Korean economy just caught down to reality… South Korean Industrial Production crashed 5.9% YoY in October – the biggest plunge since Feb 2013 – driven by a 17.5% collapse in auto production. Economists had forecast a […]

EUR/USD lost the highs but may be marking a higher low in its correction. Can it tackle 1.20 once again? The team at NAB examines the next moves in euro/dollar. Here is their view, courtesy of eFXnews: NAB FX Strategy Research discusses EUR/USD outlook and makes a bullish case for the pair with 1.15 stands as […]