No surge or purge worthy of drama finished this holiday-shortened week; but it was interesting in a few ways. First technically, as S&P remains above breakdown levels (barely approached twice in the past week) but not above resistance, which is the
July 8, 2017
Fundamental Australian Dollar Forecast: Neutral The Australian Dollar was pressured last week when the Reserve Bank of Australia declined to turn hawkish No such obvious banner event looms in the coming week But there are plenty of likely market movers, from
In the Currency Strength table, the EUR was the strongest currency while the JPY was again the weakest. There were some changes last week with the GBP losing 3 points and the CHF gaining 2 points. The other currencies remained around the same
US regulators aren’t yet comfortable with bitcoin ETFs (although a quad-levered S&P ETF is just fine for mom and pop), but apparently options and swaps are another story. This week, the CFTC took a bold step forward in terms of granting institutional investors access
Well, former FX trader Richard Breslow is right about one thing: there’s been no shortage of hyperbole used to describe what we’ve seen in DM rates over the past couple of weeks. [Note: those red highlights represent, in order, Draghi
The latest round of COT futures positioning data confirms a very interesting pattern that we have observed over the past year. There has been a massive swing in speculative futures positioning from extreme to extreme with commodities going from net
The silver price slightly crashed this week, as it lost 7.23 percent in just 4 trading days (COMEX trading was closed on Tuesday). We received many emails from concerned readers, and the common question was how deep the price of silver would
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the CAD (4X) followed by the EUR (3X) followed by the NZD (2X). The weaker currencies are
The Q2 earnings season takes the spotlight with quarterly reports from the big banks next week, but companies with fiscal quarters ending in May have been reporting results already and these reports form part of our Q2 tally. Of
Stocks end mostly higher on the first week of the third quarter. Stepping back, the market remains split. Tech stocks remain under pressure while the Dow Industrials, S&P 500 and Russell 2000 all closed above their respective 50 DMA
