Weekly Economic & Political Timeline – Sunday, November, 19
This week will see a heavier yet still relatively light news agenda, with the key items coming as Central Bank input for the U.S. and Australian Dollars and the British Pound, as well as the Euro to a lesser extent. The market will probably be most active on Wednesday. It is a public holiday in […]
Week In Review: How Trump’s Policies Moved Stocks – Sunday, November, 19
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Trump and his administration with this weekly recap compiled by The Fly: 1. TIME WARNER: President Donald Trump, who has often been critical of news network CNN since he began […]
Weekly Forex Forecast – Sunday, November 19
NZD/USD The New Zealand dollar has had a rough week yet again, testing the 0.68 level. I believe that if we break down below the lows of the week, we will continue the downward pressure. Any rally at this point in time will probably face a significant amount of resistance near the 0.70 level as […]
Weekly Trading Forecast: US Politics May Trump Economics Again
Financial markets are likely to remain at the mercy of US politics despite a flurry of speeches from key central bankers and several big-splash releases on the economic calendar. US Dollar Forecast: Politics to Overshadow Yellen Speech, FOMC Minutes The US Dollar is likely to remain at the mercy of politics-driven volatility as inflationary fiscal stimulus prospects […]
EUR/USD Weekly Analysis – Sunday, November 19
EUR/USD broke above the falling trend line on the daily chart and is now facing 1.1879 resistance. A breakout of this level will confirm that the downside movement from 1.2092 had completed at 1.1554 already, then further rise towards 1.2092 previous high could be seen. Above this level could signal resumption of the uptrend from […]
Above The 40 – The Stock Market Sharply Switches To A Bullish Divergence
AT40 = 47.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 54.6% of stocks are trading above their respective 200DMAsVIX = 11.4Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) failed to follow-through on Thursday’s snapback rally, but a bullish divergence kept the short-term prospects looking good. While the index gapped down and fell […]
World Stocks Mixed As Global Market Rally Loses Momentum
Global financial markets ended the week on a mixed note. In the US, the Dow industrials ended the week down 0.4%, while the S&P 500 declined 0.1%. It was their biggest two-week declines since mid-August, when worries about rising tensions between North Korea and the US weighed on stocks. Debate over the prospect of a significant […]
Weighing The Week Ahead: Will Black Friday Lead To A Green Market?
The economic calendar includes few reports, crammed into two days of a holiday-shortened week. Many will be taking time off – including some of the “A List” pundits. I expect to see some new faces on financial television and a lot of discussion about consumers and the economy. Many will be asking: What does Black […]
The Rally Trumpets An Appealing Yet Solemn Tone
A Trumpet, in the hands of an accomplished musician, can be played to sound like the penetrating cry of an elephant. How ironic that the elephant in the photo is a wooden shell of a prehistoric woolly mammoth, or another version of our Rallysaurus. The rally is blowing its own horn in the face of […]
Technical Market Report For November 18, 2017
The good news is: Beginning last Thursday new lows all but disappeared and the secondaries outperformed the blue chips. The Negatives The negatives disappeared at the end of last week. The Positives The breadth indicators turned upward beginning last Thursday and continued to move upward on Friday in spite of a down day for the […]
