There are a lot of dire predictions circulating about stocks with RBS, as an example, advising clients to sell all but quality bonds. Technical support is holding for now on the major US index of the S&P500 and, IMHO at least, I think it would be prudent to wait and see where this index closes for […]
The US$ has essentially been range bound between 92.50 and 100 for the last 12 months. I keep waiting for the confluence of data that will shake the US$ out of this channel and wonder whether this might be the week for such a move to occur? Today, Wednesday, brings USD Private NFP, Trade balance and ISM Non-Manufacturing PMI […]
Many commodities have been savaged over recent months due to the stronger US$ and weakened global demand. In this article I have posted monthly charts of a number of commodities and these reveal almost all of them trading at multi-year lows or near major support as we head into a, potentially, pivotal week for the US$ with […]
There was a new TC ‘SHORT’ signal delivered on the GBP/NZD earlier this week and this has now given up to 400 pips. Price action is now approaching a recent S/R level though and this may offer some support but any close and hold below this would be rather bearish suggesting a deeper pullback could be in […]
I was looking over charts of some US stocks on the w/e and the following have caught my eye.