AUD/USD A Big Gainer – Is 0.80 In Play?
A new week begins with new weakness in the US dollar. USD/JPY is at the lowest in a month, USD/CAD is looking at the lows and even GBP/USD is recovering. The Australian dollar stands out with the largest percentage-wise gains. AUD/USD is trading around 0.7960, still below the spike high of 0.7987 that was recorded last […]
Above The 40 – A Stock Market Soaring High But On The Edge
Commentary The S&P 500 (SPY) is soaring high since its impressive breakout two weeks ago. The S&P 500 (SPY) is holding onto significant moment since its last breakout: the upper-Bollinger Bands (BBs) define the latest uptrend. The Nasdaq and PowerShares QQQ ETF (QQQ) have charts very similar to the S&P 500. Unfortunately, the stall of […]
AUD/USD Forex Signal – Monday, July 24
Last Thursday’s signals were not triggered as none of the key levels were ever reached. Today’s AUD/USD Signals Risk 0.75%. Trades may only be taken between 8am New York time and 5pm Tokyo time, over the next 24-hour period. Short Trade 1 Short entry following some bearish price action on the H1 time frame immediately upon […]
Nifty Hovers Near 10,000 Mark; Energy Stocks Witness Buying
After opening the day marginally higher, stock markets in India have continued their momentum. Presently, they are trading near their all-time high levels. Indian indices are scaling new highs of late. And there’s a flood of liquidity pouring into Indian stock markets in search of higher returns. One of the key factors behind the above flow of […]
Monday Market Review
Last week I posted an analysis on Oil and the highs chances it had to get rejected and reverse lower. Oil price made a double top at 47.50$ and got rejected at the Ichimoku daily Kumo (cloud). This was sent to our subscribers: I’m short since 47$ and we could now be starting a new downward wave […]
Recent Stock Purchase July 2017
While I remain committed to making at least one purchase every month, it’s clear that my buying frequency has slowed down a bit. It seems that I’m making my buys about every four or five weeks rather than every week or two as I have done earlier this year. This fact just illustrates my continued […]
German Manufacturing PMI Misses With 58.3 – EUR/USD Ticks Down
Business confidence in Germany still points to robust growth, but slightly weaker than expected. The purchasing managers’ index for the manufacturing sector missed with 58.3 against 59.2 expected. The services PMI slipped from 54.3 to 53.5 points. EUR/USD ticks down just a bit, trading around 1.1644. It remains above the 2016 peak of 1.1620. Further support […]
The S&P 500 In Week 3 Of July 2017
In Week 3 of July 2017, the S&P 500 continued to set new all time highs, with the newest peak closing value of 2473.83 set on Wednesday, 19 July 2017. No real surprise there, right? With investors apparently focused on 2018-Q1, the S&P 500 is behaving pretty much as our dividend futures-based forecasting model anticipated. Coming into the […]
Dollar Skirts 13-Month Lows
The dollar struggled against most of its trading partners including the euro, yen and pound on Monday morning, skirting 13-month lows. The greenback was weighed by political woes which seem to be plaguing the United States since President Trump took office in January. The most recent trouble for the President came this weekend with the resignation […]
GBP/USD Remains In Uptrend From 1.2589
GBP/USD remains in an uptrend from 1.2589. The pullback from 1.3125 could be treated as a correction of the uptrend. A deeper decline towards the bottom trend line of the price channel on its 4-hour chart is possible in a couple of days. As long as the channel support holds, the uptrend could be expected […]
