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.

I’m reading more about bearish calls on stocks than I am bullish ones but thought I’d review some charts to check for myself. About all I can come up with at the moment though is that most major global stock indices seem to be ‘consolidating’. Now, whether this is consolidation before a bearish or bullish breakout remains to be […]

Dovish sentiment from many other Central Banks will no doubt be putting pressure on the US Federal Reserve and their intentions to start to lift US interest rates. This week’s FOMC will be a closely watched event for guidance about the timetable of any US rate rise. The S&P500 has rallied over recent sessions and one […]