Corrective Action Continues – But, A Rally May Still Be Seen
I have said many times before that trying to track every twist and turn within corrective action is like trying to throw Jell-O for distance . . . you just won’t be able to get it all. While impulsive structures under the Elliott Wave patterns are quite predictable, very often down to the penny, corrective […]
Expect The Unexpected: 10 Reasons North Korea Could Soon Change Course
1. Russia’s economy is currently in disarray as a result of falling commodity prices, slow economic growth in Europe, and its rivalry with the United States. Russia has been an ally of North Korea because it sees North Korea as a counterweight to the Chinese, Japanese, and US-backed South Koreans, the other powers in Northeast Asia. […]
Japanese Yen Strength Is Its Own Undoing – Watch For Weakness
Fundamental Forecast for Yen:Bearish End of Japanese fiscal year introduces pain in Yen trading markets Disappointing Bank of Japan Tankan survey results hurts domestic markets Why do most FX traders lose money? This is the number one mistake we see The Japanese Yen finished the week higher versus the fast-falling US Dollar, but key disappointments in domestic economic data and Nikkei […]
NZD/USD Forecast Apr. 4-8
The New Zealand dollar enjoyed a very strong rally, rising to levels last seen in June 2015, mostly thanks to the weakness of the US dollar. Milk prices stand out this week? Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Building consents leaped by 10.8%, providing some fuel for the […]
T2108 Update – Weighing The Prospects For A Fresh Market Lift-Off
The market delivered a topsy-turvy performance to close the week of trading on April 1, 2016. First and foremost, the S&P 500 (SPY) notably diverged from the price of oil. While the S&P 500 initially dipped to start the day’s trading (presumably in response to a strong jobs report which – gasp – means a […]
Four Major Fallacies In The Oil Market
We discuss some of the current fallacies in the Oil Market in this video: from Russia oil production, inventory builds and Saudi Arabia`s strategy to market sentiment regarding the rally off the bottom.
Forex Strength And Comparison Week 14-April 3, 2016
Welcome to my “Strength and Comparison” article for the coming week, the article “Ranking, Rating and Score” has also been published for this week. For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support. This was updated on 27 March 2016 and is […]
EC Crude Oil Market Observations With Volume, COT And US Dollar
Unfortunately, last week I missed posting my pre-analysis on Crude oil. However, heading to the next week I wrote my thoughts and observations on this market, first going through the plain charts and then through the volume profiles. It’s a good idea to begin with the Commitments of Traders Report. Looking at this COT report, […]
SPX:VIX Ratio Reaches A Critical Crossroads
Further to my posts of January 29 and February 17 (& March 3 update), price action on the SPX:VIX ratio has rallied and is now in between major support of 150 and major resistance at 160, as shown on the following monthly chart. The momentum indicator has also risen above the zero level and is hinting of higher prices to come at some point on this longer term […]
What To Watch On Wall Street This Week: Intercept Pharmaceuticals, Tesla Motors And Walgreens Boots Alliance
Though it’s a quiet week on the earnings front, there is plenty to read into on Wall Street this week. Here is what you need to know as Intercept Pharmaceuticals Inc (NASDAQ:ICPT) meets the FDA to discuss a pipeline drug and analysts weigh in on Tesla Motors Inc (NASDAQ:TSLA) following the Model 3 reveal. Lastly, don’t miss out as Walgreens […]
