Wed 18th June With the proverbial ‘calm’ before the ‘FOMC and BoE storm’ I thought I’d take a look at the S&P500 and try to identify potential targets for both bullish and bearish movement options. This heavy weight index is currently paused just under its major high but above a significant triangle breakout region:
Wed 18th June ( 6.45 am) US Stocks made small gains overnight ahead of the important FOMC announcement whereas the mood has been more cautious with FX. Indices:The USDX has bounced, yet again, off the support offered by the weekly 200 EMA. The EURX is looking a bit vulnerable:
Sunday 15th June Planned export of Australian LNG may trigger trading opportunities for those stocks within this sector. I have been advised that LNG exports from Queensland are scheduled to increase towards the end of the year and it was suggested that local gas prices might increase significantly to keep pace with prices that will be obtained for the export LNG. Thus, I thought […]
Fri 13th ( 4.15 pm) Yen: the Yen has weakened and we are seeing this flow through to the Yen pairs. TC Signal: The E/J signal has now closed off:
Tue 10th June US stock indices continue to post gains with the Dow Jones Industrial Average taking out last nights honours by closing at an all time high. This follows from the bullish ascending triangle breakout: