EM FX came under intense selling pressures last week. The worst performers were ARS, TRY, and MXN while the best were PHP, KRW, and TWD. US rates are likely to remain the key driver for EM FX, and so PPI
May 6, 2018
I am building out simple but effective trading models that combine fundamental analysis with technical analysis. Right now I am trying to combine two models into one model that’s more effective (combining the Golden/Death Cross model and the Golden/Death Cross model). I previously
These are the highlights of the May 5, 2018 Berkshire Hathaway annual meeting. Warren Buffett, 87, and Charlie Munger, 94, responded to shareholder questions during the five hour meeting. A record number of 42,000 shareholders attended. In opening comments, Warren
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits.
The chart below reflects the boys and girls and robo-traders of Wall Street enjoying their last game of chart-point Ping-Pong. As is evident, the squeeze is on, and we don’t think this particular triangle “resolves” with another breakout into the financial
Those that follow my personal account on Twitter will be familiar with my weekly S&P 500 #ChartStorm in which I pick out 10 charts on the S&P 500 to tweet. Typically I’ll pick a couple of themes and hammer them home with
Fundamental Forecast for the US Dollar: BULLISH US Dollar scores third week of breakneck gains on firming Fed bets April CPI report, Fed Chair Powell speech may keep the rally going CFTC positioning data hints USD rally has scope for follow-through The US Dollar
The Dow Jones on Wednesday broke down to double digits in the BEV chart below (-10.11% / 23,924). I was wondering if this was the week the Dow Jones was going to take out its -11.58% (23,533) from March 23rd.
USDCAD’s bounce from 1.2526 extended to as high as 1.2917. A further rise is still possible in the coming days and next target would be at 1.3100 area. Near term support is at 1.2785, a breakdown below this level would
