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Showing Posts 1 - 14 out of 14 found.

Profit From Sell-Off In the Yen

Profit From Sell-Off In the Yen

The Japanese Yen has fallen away from the higher resistance level that we noted for readers here in early April, near 0.009360. If price remains beneath that area, then the Yen should be on track to test or fall beneath the lows of 2015. Such a test could happen later this year, and it may happen again – with lower lows – sometime in 2017. If you have been following the progression of our...

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Profit In The FX Market From Brexit

Profit In The FX Market From Brexit

Many investors in the U.S. are focusing on the November elections, but we have another significant global political event in the next few weeks.   The European Union Referendum, which will be held in the United Kingdom on June 23, 2016 will affect world-wide markets, and especially, the currency markets.   Voters will be asked to vote to “Remain a member of the European Union” or “Leave the...

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Are speculators turning bullish on Euro futures?

Are speculators turning bullish on Euro futures?

EURUSD, as expected moved lower last week. It closed at 1.1307 on Friday. I expect this market to keep going lower for now but the downside should be limited. Looking at speculative positions I see this market might be turning bullish in the long term. This week, speculators reduced their shorts by another 13K and their longs by 11K. This group have been dumping their short positions since...

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Cautiously Bearish On The Canadian Dollar

Cautiously Bearish On The Canadian Dollar

The Canadian Dollar is relatively more sheltered from the "inverse effect" that causes other heavily traded currencies to decline when the U.S. Dollar rallies. For that reason, we are tempering our generally bearish forex view with a special caveat for the Canadian Dollar. It should decline, but not as forcefully as we expect other currencies to decline. The long-term Elliott wave pattern in...

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EuroSTOXX Upward Correction Finished?

EuroSTOXX Upward Correction Finished?

Along with the German DAX and the London FTSE, for which we posted charts in January and March, we also like to monitor the EuroSTOXX 50 Index for a view on the health of European equity. The Euro STOXX 50 Index is composed of 50 of the most liquid stocks throughout the Eurozone and comprises a majority of the market capitalization in the Eurozone, making it a good barometer for the zone as...

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The Prattle Rattle, A Falling Dollar And A Rising GE?

The Prattle Rattle, A Falling Dollar And A Rising GE?

I did not see yesterday’s market slide coming, but today’s follow-through makes total sense. - U.S. funds mangers recommended a cut to equity allocations in April to their lowest since the financial crisis. It is a guess, but maybe, just maybe, a bit o’ panic is swirling around the street. Actually, we have seen this so many times since mid-2009, it should have a name – The Prattle Rattle....

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Why The Australian Dollar Matters Now

Why The Australian Dollar Matters Now

In January and again in April, we showed we showed a potentially bearish path into the middle of 2016 and beyond for Australian stocks – a decline that we believe is linked to lowered expectations for China's economy and trade. Consistent with that view, the Australian Dollar appears ready to make a similar decline during the next year or longer. In the context of a larger decline that began...

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Action Steps for a Perfect Trading Plan

Action Steps for a Perfect Trading Plan

Last week, we began with our first of two part series, ‘8 Step for a Perfect Trading Plan’, to help answer that question of what should be included in every trading plan and how it helps you become a more successful investor and trader. Let’s now delve into the rest of the ingredients including Position Sizing and Risk Management, Trading Systems, Market Analysis and Weekly Review.  ...

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More Dollar Deflation Coming?

More Dollar Deflation Coming?

The US dollar has declined sharply so far in 2016, losing about 5% of its value against a large basket of other global currencies.  That may seem substantial and often characterizes the health of the sovereign country's economy.  So, does it really mean the US economy is in decline?  Further, does it truly represent a decline in purchasing power and strength in the world - as it usually...

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All About the (Unloved) Banks

All About the (Unloved) Banks

This past week the Financial sector did the heavy lifting. The financial ETF (XLF) far outperformed the main ETFs in technology, industrials, materials, energy, biotech… you name it. I consider this surge a significant development; one that bodes well for higher prices in the major indices, even though financials comprise the most unloved sector in the S&P. Here’s the backstory. In the...

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Is The Fed Intent On Breaking The Middle Class?

Is The Fed Intent On Breaking The Middle Class?

One chart reveals Fed’s true intent; wreck havoc on the Middle Class   Crises refine life. In them, you discover what you are.Allan K. Chalmers What strikes one immediately is that the Fed has been creating money hand over fist; one hand they create money, with the other hand they buy assets and put it on their books, all looks well until you realize this is something called monetization of...

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Ride The Yen Waves For Profit

Ride The Yen Waves For Profit

In the weeks since our last post about USD/JPY futures, price has moved upward and slightly beyond our resistance target. That move provided a brief countertrend trading opportunity, and now it may be time to shop for another trade in concert with the larger downward trend. Viewing the overall decline from the Yen's 2011 high as an impulsive wave 'A', we believe the pattern has shifted into...

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What’s Next for the Nasdaq ($NDX)?

What’s Next for the Nasdaq ($NDX)?

The Nasdaq 100 index ($NDX) has rallied from below 4000 to above 4500 in the space of 2 months.  This is approximately +12.5% gain in just 8 weeks.  So with that as a backdrop, what’s next for the NDX?  Is it more upside dead ahead?  Or has it run out of steam? Click here to watch a video explaining how to read the stock market using volume at price. The Nasdaq-100 reached an important...

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How to Use Commitments of Traders Report – Currency Review

How to Use Commitments of Traders Report – Currency Review

The Commitments of Traders Report is issued by CFTC. It reports all open positions in futures markets of three main groups of traders: Commercial Traders - Hedgers Non-Commercial Traders – Money Managers Non-Reportable – Retail market The report breaks down each Tuesday’s Open Interest and gives us a powerful view on what exactly the big guys have been doing in the marketplace and what their...

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