In the Currency Strength table, the JPY was the strongest currency while the CHF was the weakest. There were some significant changes last month with the USD gaining 7 points and the CAD gaining 3 points while the GBP lost
May 6, 2018
A solid close to the week helped advance Thursday’s recovery. Tech Averages had the best of the action. Any short trades should be covered as the nature of the price action has shifted more sideways to bullish. The Nasdaq 100 cleared
The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the JPY(5X) followed by the USD(4X). The weaker currencies are the CHF(4X) followed by the AUD(2X) and
The USD/CAD had a relatively stable week amid mixed USD moves and upbeat Canadian GDP. The Canadian jobs report and US inflation are the biggest market movers. The technical picture for the USD/CAD is balanced. Mixed USD moves, still no NAFTA Canada
As described in the latest “Stock Index Cycle & Trend Momentum Report,” our projection for the SPX this week is for it to rise to 2700-2709 before ultimately rolling over. This will be followed by a period of risk that
FUNDAMENTAL FORECAST FOR GBP: NEUTRAL NEXT WEEK’S RANGE: 1.3420-1.3770 GBPUSD Analysis and Talking Points: Underlying UK Economy weak as UK PMI Surveys Show Marginal Rebound May Rate Hike is Off the Table but What About August? A Hawkish Hold Could Provide GBPUSD
I was right to be bearish last week…until the very last day when all at once the market reversed almost all its accumulated worries. The S&P 500 (SPY) bounced back from yet another test of still uptrending 200DMA support. Friday’s 1.3%
VIX tagged the 10-handle on Friday morning as the Commercials staged a raid on the long Speculators. It only took a few minutes, but it suggests a lot of shares traded hands as the computers hunted down and took out
Birth rates are plunging almost everywhere. The first chart below shows that even notoriously populous China and India have entered the same reproductive neighborhood as the US and are not that far from the assisted living center formerly known as
AUDUSD broke below 0.7501 support and extended its downside movement from 0.8135 to as low as 0.7472. A further decline is still possible after a minor consolidation and next target would be at 0.7350 area. Near term resistance is at
