There is downside risk for the euro as price action for EURUSD failed to close above 1.1342, essentially creating an asymmetric double top with the fizzled mid-February rally. The pair looks to fade back to the 200-day EMA near 1.1108. The rally in the dollar following its steep declines last week could cause a more pronounced slide as long as the DXY remains...
Good morning GBP/NZD, time to rise and shine :) My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both...
Another super awesome 'trade of the ages' on this SVP {Super Valuable Pair}! Another Super Valuable Pair similar to this one with identical price behavior is the FX:AUDCAD . Remember the NZD/CAD trades opposite to this one due to the negative correlation. I've been waiting forever for this Inverse Head & Shoulders to complete and lift-off and the party has now...
If you caught this trade congrats...it's a nice move but it's time to trim some and pull down stops. If you missed this trade don't chase down here. Wait for another pullback. You can also take a look at the Bonds...they have yet to break down.
The note's caught people of guard when the bullish pattern failed. Inflation? That dirty word will bring the notes and bonds to their knees and it's happening. We will short all bounces.
Traders have seen this before, and it continues to play out as the global economic climate breaks down. Although these pullbacks in the SPX are often lofty and swift, it is important to realize volume is the most import factor when considering the validity of a pullback. Here , we can see that the move in SPY is volumeless. The entire squeeze from the Feb. 11...
The Swiss franc has seen some action as traders move in and out of safe-haven assets, no matter what the Swiss National Bank implements (franc futures has a .82 correlation with gold). With the ECB hinting that more quantitative easing is possible ahead of the rate decision March 10, the SNB may feel obliged to intervene to stop any significant appreciation in...
JPY announced a -0.1% interest rate on January 28th and popped over 200 pips. Since then the market has calmed itself down and retraced back down a little. Now USDJPY reaches a crucial level of 61.8% retracement level. With heavy oversold RSI, overall bullish market, and bullish trendline protecting the pair, I think it is safe to that USDJPY is going to reach...
Fed will increase rate or not, both cases GOLD will be bullish, if they increase the rate it will be short term bear but will come up with double time to upside 1100+
11.12.2015 CBRF will report new interest rate Russia if interest rate will below 12,5% so usdrub will have new price channel 70-80 rub if interest rate well above 12,5% so price channel will go to down 70 rub. 11.12 CBRF tell new interes rate which interest rate do CBRF will be?
The weekly chart on the Bonds is developing a signal. No matter what direction the wedge breaks we expect a 6-10 week move. Keep this chart front and center on computer.
Target #1 is in the books but there was a nasty reversal and it looks like the rest of our trade is in jeopardy. We will honor the stops.
We are in the Trigger Zone on the Notes and will be watching short term time frames for a trigger short. If we get the trigger then our final target will be a break of the lower wedge. REMEMBER: NO TRIGGER, NO TRADE!
30 Year Bond Chart...see the Notes post. Link below.
As many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur. This is...
In " Gold Leaps Higher as Worries Mount ," I briefly pointed out how those very same institutions that championed quantitative easing policies implemented by the Federal Reserve are now coming out to proclaim quantitative easing added no substantial benefit to the real economy . Gold was pushed lower on the assumption that central banking policy would all pan...
The proof is in the pudding, well it is in the globalized failing of quantitative easing. Abeconomics is no different. Japan Prime Minister Shinzo Abe will continue to feel pressure as his "three arrows" economic policy fails to push consistent economic expansion. Japan's economy shrank 1.6 percent on an annualized basis with falling exports and contracting...
Running Alpha Capital Markets observes that higher rates are not always a headwind, as the not too distant record shows that the electric utilities group can outperform and offer a margin of safety. During the last period of higher rates, from mid 2004 to mid-2006, the FOMC hiked rates 16 times, and despite these incremental actions, electric utilities actually...