EUR/USD: The pair closed lower the past week with more decline envisaged. However, a move higher on correction is envisaged. On the upside, resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break…
Today we’re taking a look at EOS, one of the only cryptocurrencies in top 10 that saw solid gains in April. But after reaching an all-time high price of nearly $23 end of April, its bullish momentum seems to have cooled down. First, let’s talk about what was behind the gains, and then see what…
Asian shares are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.5% while the Hang Seng is up 0.6%. The Shanghai Composite is trading up by 1.2%. US stocks closed sharply higher Friday as Wall Street shrugged off lackluster numbers in the government’s monthly jobs report while shares of Apple hit an all-time…
In the Currency Strength table, the JPY was the strongest currency while the CHF was the weakest. There were some significant changes last month with the USD gaining 7 points and the CAD gaining 3 points while the GBP lost 4 points, the CHF 3 points and the NZD 2 points. When looking at the…
A solid close to the week helped advance Thursday’s recovery. Tech Averages had the best of the action. Any short trades should be covered as the nature of the price action has shifted more sideways to bullish. The Nasdaq 100 cleared declining resistance with a new bullish cross in relative performance. There was also a ‘buy’…
The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the JPY(5X) followed by the USD(4X). The weaker currencies are the CHF(4X) followed by the AUD(2X) and the NZD(2X). By diversifying a nice combination can be traded in the coming month like…
The USD/CAD had a relatively stable week amid mixed USD moves and upbeat Canadian GDP. The Canadian jobs report and US inflation are the biggest market movers. The technical picture for the USD/CAD is balanced. Mixed USD moves, still no NAFTA Canada enjoyed a monthly growth rate of 0.4%, better than had been expected. This is a…
The USD/CAD had a relatively stable week amid mixed USD moves and upbeat Canadian GDP. The Canadian jobs report and US inflation are the biggest market movers. The technical picture for the USD/CAD is balanced. Mixed USD moves, still no NAFTA Canada enjoyed a monthly growth rate of 0.4%, better than had been expected. This is a…
As described in the latest “Stock Index Cycle & Trend Momentum Report,” our projection for the SPX this week is for it to rise to 2700-2709 before ultimately rolling over. This will be followed by a period of risk that will continue into the second half of May. As we explained in our Big Picture…
FUNDAMENTAL FORECAST FOR GBP: NEUTRAL NEXT WEEK’S RANGE: 1.3420-1.3770 GBPUSD Analysis and Talking Points: Underlying UK Economy weak as UK PMI Surveys Show Marginal Rebound May Rate Hike is Off the Table but What About August? A Hawkish Hold Could Provide GBPUSD a Mild Recovery GBPUSD SLIPS AMID WEAK UNDERLYING ECONOMY Recent UK PMI surveys failed to…
