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Showing Posts 1 - 8 out of 8 found.

Get Your Money Into Europe

Get Your Money Into Europe

Okay, so the market volatility continues, in a big way. Perhaps it is the ECB actions that are driving the market. Actually, the ECB is driving the market. This is big news out of Europe. The expectation is that the QE there will do for Europe what it did for the US. As we all know by now, the central bank announced a Quantitative Easing program to the tune of €60b per month, beating the...

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The Canadian Dollar, A Bearish Play

The Canadian Dollar, A Bearish Play

Another week of currencies at play … Last week, it was the Swiss National Bank giving the markets a kick. This week, rumors about ECB action and Super Mario’s words have everyone’s attention. Thursday morning, the ECB gave us two pieces of information. They will leave the interest rate unchanged, and they will begin a QE (quantitative easing) program similar to what just finished up in the...

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US DOLLAR INDEX – HIGHEST READINGS IN A DECADE

US DOLLAR INDEX – HIGHEST READINGS IN A DECADE

The US Dollar Index has been steadily and persistently rising for over 6 months.  The index has reached 92.53, a level that marked the highs of 2004 and 2005. With the index at this level, be alert for signs of resistance.  At this time however, there has been no indication that the rally is losing steam.  If the index pulls back, the nearby levels of support are 89.71 and 87.80.  Remaining...

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The USD Index – A Speculative Bull Trap?

The USD Index – A Speculative Bull Trap?

This week, the U.S. Dollar Index has provided us with the official sell signal we’ve been waiting for.  Therefore, this week’s piece is simply an update to last week’s article, “The USD Index – A Small Washout Coming?” Based on the internal action of last week’s market, I think a “small washout” may be understating things. Commercial traders were heavy sellers in the US Dollar Index last...

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The USD Index – A Small Washout Coming?

The USD Index – A Small Washout Coming?

The U.S. dollar, one of the strongest markets in 2014 and 2015, looks like it will keep the momentum rolling, or will it? Clearly, the market is off to a great start and macro economically speaking, there probably isn’t much that is going to change this in the near future. My concern with the U.S. dollar, at this point in time, concerns the rapid pace of the rally and the deteriorating...

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DXY to 160, No, But 91 Likely

DXY to 160, No, But 91 Likely

DXY gained 1.69% last week to close at 89.84. That move printed an engulfing, bullish candlestick on the weekly chart. As long as DXY remains above 88.68 (the breakout level from the June 2010 high) I remain bullish. However, a four-year cycle top is due now. The next short-term cycle high is expected during the first week of February. A 3-wave (A-B-C) move off the 2011 low and my own price...

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I Don’t Have Anything To Say About The Market Today

I Don’t Have Anything To Say About The Market Today

Every work day, I read the news, watch the market, write what I write, and I generally do it with a dispassionate, objective view. Some days, though, my dispassionate view is challenged, but I get past it. Other days, such as yesterday, I read about an action so cold, I cannot put my compassion away; I cannot look the other way. My objectivity goes out the window and I just want to scream....

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Watch Falling Wedge in Euro Futures

Watch Falling Wedge in Euro Futures

The euro has been clobbered since May as the crowd positioned for economic weakness in the European Union, along with strength in the U.S. and the higher interest rates that will eventually come. I don't see anything in the headlines to suggest that story has changed. But short euro has been a crowded trade, and selling pressure has eased since the beginning of October. Be on the lookout for...

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