During the Monday session, we only get Core PCE numbers, so quite frankly were not expecting much in the way of announcements to move the markets. With this being the case, it makes sense that the markets will simply follow previous moves. USD/CAD The USD/CAD pair did very little during the session on Friday, and…
This article provides the Currency Classification for the coming weeks based on my analysis for the 8 major currencies. This is based on the technical analysis charts using the MACD and Ichimoku indicator on 4 time frames: the monthly, weekly, daily and 4 hours. The result of the technical analysis are the Currency Classifications charts in…
No matter how well or how poorly a stock index is performing, there are always laggards and leaders. Traditional advice would encourage investors to concentrate on the winners and avoid the losers (of course, the losers could also be shorted). Contrarians, who think the Dow is going to become more bullish, might want to follow…
The Oil and Transports’ charts are looking like there just can’t be lower lows even as Gold shows it may be in a baby bull market. Like I’ve been saying for a long time: It’s time for everything to rise together. Well almost everything. Like I’ve been saying for a long time: It’s time…
While we were watching intently to see if the market was going to take advantage of a further bullish set up this past week, when it broke support, it made it clear that we have likely topped in wave i off the recent lows. However, I have to note that silver has a very uncertain…
Monday: February Personal Income and Personal Spending data will see light in the U.S., for both of which analysts expect a small monthly increase. February’s Pending Home Sales will also see light in the U.S., as will the Dallas Fed Manufacturing Outlook. Tuesday: February Labor market data will see light in Japan, with analysts expecting the…
There are four events that will shape market psychology in the week ahead. They are Yellen’s speech to the NY Economic Club, US jobs data, eurozone March CPI and PMI, and Japan’s Tankan Survey. The broad backdrop is characterized by the rebuilding of risk appetites since the middle of February, though the MSCI emerging market equity…
China’s stock market ‘bubble’ was fueled by “speculative mania” which has proven to have had grave implications of the global stock markets. The collapse of this “speculative mania” will have far reaching ramifications on our current global stock markets. This indicates that Central Bank interventions cannot alter market cycles. Chinese exports have seen their sharpest…
This week’s housing news was mixed. While new home sales increased 2% M/M, they declined 6.1% Y/Y. Existing home sales, however, dropped a whopping 7.1% M/M. Bill McBride at Calculated Risk argues low inventory and pockets of regional weakness are to blame. The New York Times added recent market volatility probably lowered sentiment, contributing to the weakness.This graph from the FRED system…
