The December British Pound is trading slightly better this morning after the Bank of England minutes said its members voted unanimously at its last monetary policy meeting to expand the size of its asset-purchase program. The...
Read MoreThe December Canadian Dollar is down this morning in a follow-through break following yesterday’s dramatic sell-off from a 4-week high. The action in market suggests that traders are paying close attention to the headlines...
Read MoreAfter briefly taking out a key 50% price level as well as a downtrending Gann angle, the December Euro reversed course and broke sharply, taking out steep uptrending Gann angle support at 1.3862. Daily December Euro Swing Chart...
Read MoreThe December Japanese Yen is recovering some of its loss from Wednesday this morning. The previous day’s session produced one of the market’s largest ranges in months following a series of low volatility moves. The...
Read MoreThe December Euro recovered from earlier weakness overnight to reach a level not seen in three weeks. Despite the bearish news earlier in the trading session that Slovakia rejected the bailout expansion plan that sent the Euro...
Read MoreFollowing a strong rally on Monday, but a failed breakout through the last swing top at 1.3689, the EUR USD is trading lower. Whatever the reason – uncertainty, nervousness or short-term overbought conditions, this...
Read MoreBased on reports from ChicagoTribune.com that the NYSE website may have been hacked on October 10th (Anonymous ‘hacktivists’ briefly take down NYSE.com), day-traders should have a plan in case something more dramatic...
Read MoreThe strong close has put December Gold in a position to change the main trend to up on the daily chart. Based on the daily swing chart, a trade through 1681.50 will turn the main trend to up. In addition, a new main bottom has...
Read MoreDecember Treasury Bonds turned the daily main trend down on Monday with its trade through the last swing bottom at 139’26. This move confirms the asset allocation shift that has been taking place over the past two weeks....
Read MoreDaily December E-Mini S&P 500 featuring a 2-Day Gann Swing Chart Although the 2-Bar or Main Swing Chart is indicating the trend is down based on the series of lower-tops and lower-bottoms, Tuesday’s (10/4) closing...
Read More
