Forex Metrics And Chart Week 43 / 2017
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the EUR(4X) followed by the AUD(3X) and the USD(2X). The weaker currencies are the NZD(4X) followed by the JPY(3X) and the CHF(2X). By diversifying a nice combination can be traded in the coming week […]
Lack Of Enthusiasm
This rally lacks enthusiasm from traders and investors on Twitter. Sentiment for the S&P 500 Index (SPX) didn’t move higher as the market finally jumped on Friday. The good news for the bulls is that sentiment held its confirming trend line (the bottom of the triangle). Another sign that enthusiasm is lacking comes from the […]
USD/JPY Weekly Analysis – Sunday, October 22
USD/JPY is facing a resistance trend line from 115.50 to 114.49 once again. A break through the trend line resistance could trigger further upside movement towards 115.50. Above this level will confirm that the downside movement from 118.66 (Dec 15, 2016 high) had completed at 107.31 already and the long term uptrend from 98.97 (Jun 24, […]
Trading Support And Resistance – Sunday, October 22
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: · Trading the two currencies that are trending the most strongly […]
Global Currency Hedged ETFs/ETPs Hit Record $134B At The End Of September
ETFGI reports assets invested in Currency Hedged ETFs/ETPs listed globally have increased 33.5% in 2017 to reach a new record of US$134billion at the end of September LONDON — October 20, 2017 — ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported that assets invested in currency hedged […]
“Shocking” Earnings Miss By GE, Say Top Analysts
“The results I’m about to share with you are completely unacceptable,” General Electric’s (NYSE:GE) CEO John Flannery told investors on Friday, before revealing that Q3 earnings came in 20c below the 49c forecast . “Horrible” cash flow of $4.1 billion was down 78% year-on-year while 2017 cash flow guidance was cut almost in half. “We […]
EUR/USD Eyes Neckline Of Developing Head & Shoulders Pattern
US Treasuries sold-off last week, helping drag the trade-weighted Japanese yen down and US dollar up. The latest Commitment of Traders (COT) report highlighted a pause in the yen carry trade re-build and a substantial draw-down in positioning of the British pound. Meanwhile, the head & shoulders pattern in the EUR/USD continues to develop, but […]
Japan’s Abe Wins ‘Bigly’, Consolidates Power In Election Victory
Ok, so Shinzo Abe looks like he’s set to consolidate power in Japan. Sunday’s election wasn’t expected to produce a surprise result and indeed, there’s an argument to be made that no real surprises are even possible anymore in Japan. So there wasn’t really much in the way of risk for markets and certainly not for Kuroda […]
AUD/USD Weekly Analysis – Sunday, October 22
AUD/USD remains in a downtrend from 0.8124. The bounce from 0.7732 is likely a correction of the downtrend. A further rally is likely be seen in the coming days with a target of 0.7986. However, the downtrend could be expected to resume after the correction. Another fall to test the support of the resistance-turned-support trend line on […]
S&P 500 Is Up Some 15% In 2017, But Most Investors Have Lagged That Performance
Don’t look now, but last week the major indices hit repetitive all-time highs; yes again i.e. repetitive. “Oh it’s going to be one of those types of articles is it Seth”? No! In this article I’m going to do a little bit of recapping the week that was, projecting for the week at hand and […]
