Markets / Other

Jan 05, 2017 at 06:55

In our opinion, speculative short positions are favored (with stop-loss at 2,330, and profit target at 2,150, SP 500 index). Our intraday outlook remains bearish, and our short-term outlook is…

Jan 05, 2017 at 06:54

USD/JPY has weakened and is moving away from hourly resistance given at 118.66 (15/12/2016 high). Hourly support at 116.05 (30/12/2016 low) has been broken. Stronger support lies at 114.74 (12/12/2016…

Jan 04, 2017 at 17:32

"...markets are bigger than governments." This year's U.S. presidential election brought into focus one market you don't hear about often: the Chinese yuan, or renminbi.

Jan 04, 2017 at 17:28

If and when the economists are ever "certain" about the economy, I am certain they will be wrong.

Jan 04, 2017 at 15:50

The invalidation point for this short term elliott wave count is at 1.0650. mSo I want to see a turn lower before that point. Now, it is time to get…

Jan 04, 2017 at 15:48

Despite the millions of dollars Wall Street plowed into the Clinton campaign in vain, the financial industry has nevertheless now become downright giddy with the prospects of a Donald Trump…

Jan 04, 2017 at 07:42

USDJPY is making an intraday dip, but decline is in three legs down, so we see it as a corrective move withing uptrend. Price is now at 61.8% with wave…

Jan 04, 2017 at 07:17

The Census Bureau reports November Construction Spending rose 0.9% from October. That's a 10-year high, but it's highly unlikely to last.

Jan 04, 2017 at 06:46

AUD/USD's buying pressures increase around strong support given at at 0.7145 (24/05/2016 low). Further upside is likely towards resistance at 0.7313 (19/12/2016 high).

Jan 03, 2017 at 18:56

While any time of the year can prove to be a worthwhile time to consider changes to your investments, the start of a new year typically seems to arouse the…