U.S House Price Rises
In much of the Western world people aspire to own their own home. This desire fuels housing construction, financing (via mortgages), estate agencies, renovation and decoration activities, amongst other things. It also means that property prices tend to appreciate over time, usually at a faster rate than earnings which can price people out of the […]
Rail Traffic Volumes Tumble As Coal Stockpiles Soar At Record Rate
For the first two months of 2016, it seemed as if a modest, if stable, rebound was finally taking place among one of the hardest hit transportation sectors of 2015, rails. Alas, like virtually everything else, this too has proven to be nothing more than a dead cat coming back to life and getting run over […]
USD/CHF: Weakens Further On Bear Pressure
USD/CHF: The pair weakened further on Wednesday following its Tuesday sell off. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, […]
China’s Market News: Growth Forecasts Lowered, But Financials Improve
This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources. – China’s Central Bank appointed two new members to replace those leaving the Monetary Policy Committee. – […]
Understanding The Financial Markets
If we have learned anything from bull markets and bear markets, it is this: neither of them lasts indefinitely. This facts precipitating the global financial crisis of 2008 were covered in the financial press, ad-nauseam. Markets are cyclical in nature, they follow trends and there are often obvious or obscure signs about which way things […]
Believe It Or Not, It’s Happening To Gold
I was going over my charts and running my end of analysis the charts jumped out at me with a trade setup and wanted to share my cycle chart for gold with you. The price chart of gold below is exactly what my cycle analysis told us to look for last week WELL ahead of […]
The Dow Is About To Break It’s Bear Market Trend Line
Barring a complete reversal in the futures before the open, the Dow is going to follow the mid caps and the transports and break its 7 year cycle down trend line confirming that the 7 year cycle has been struck. The perma trolls got it wrong again. They have become the perfect contrary indicator. Just […]
Asian Markets React To Yellen’s Caution
Asian markets advanced on Wednesday, following gains in U.S. equities overnight after Federal Reserve chair Janet Yellen told markets that the Fed would move ‘cautiously’ in a scheduled speech to the Economic Club of New York on Tuesday. Only Japan’s Nikkei 225 closed down 224.57 points, or 1.31 percent, at 16,878.96. The Korean Kospi ended […]
EUR/USD: Dealing With The Fed’s Confusion
Yellen went full dovish, once again, and this certainly hurt the US dollar. What does this mean for EUR/USD? The team at Nordea analyzes: Here is their view, courtesy of eFXnews: The Fed has done its best to propagate confusion recently. Why the Fed chose to walk the dovish path in March is crucial for the […]
T2108 Update – Yellen Punches The Market’s Refresh Button
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on […]
