Friday’s selling confirmed the second shorting opportunity with support breakdowns across lead indices. The S&P closed with higher volume distribution on a breakdown of rising support. Relative performance remains weak although there are still ‘buy’ triggers for MACD and On-Balance-Volume. The Nasdaq did likewise, although the support break of the bearish wedge coincided with…
Looking at this week’s Commitments of Traders Report, the most notable changes include falling net positions in the Australian dollar and rising net positions in the British pound. Changes in other currencies and commodities were fairly limited. In general, speculators continue to buy the euro and the British pound, while betting against the US dollar,…
Catch up on the weekend’s top five stories with this list compiled by The Fly: 1. Fresenius (FSNUY) decided to terminate the company’s merger agreement with Akorn (AKRX), citing Akorn’s “failure to fulfill several closing conditions.” The company said in a statement, “Fresenius’ decision is based on, among other factors, material breaches of FDA data…
The Australian dollar tried to move to higher ground but collapsed after climbing above 0.78. Rising US yields boosted the greenback and the A$ could not match it. Will we see further falls? Here are the highlights of the week and an updated technical analysis for AUD/USD. The prices of aluminum and other metals shot up, helping…
AUSTRALIAN DOLLAR FUNDAMENTAL FORECAST: NEUTRAL Talking Points: Australian Dollar paid more attention to sentiment last week than relevant economic data Local CPI and US GDP could disappoint, taking the currency one way and then another This opens the door for risk trends to take the spotlight for the Australian Dollar yet again The Australian Dollar was on…
Investment advisor and former Assistant Secretary of Housing Catherine Austin Fitts warns that the “financial rape of America” is nothing more than “re-engineering” the debt based economy. This “rape” is happening from earth to space, and it connects to $21 trillion in “missing money” that has disappeared from the federal budget since the late 1990’s….
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to…
For the last few weeks we’ve used the conditions noted in the graphic below as a guide. Well, the ‘inflation trade’ (IT) popped last week and that included cyclical metals (as well as silver) ramming upward vs. gold and TIP rising vs. TLT & IEF. As for credit conditions, there is little imminently raising caution…
Congressional Republicans would be more willing to stand up to Trump if their major financial backers – big business and Wall Street – had more backbone. Ever since 1971, when the then future Supreme Court justice Lewis Powell urged corporations to mobilize politically, corporate money has flooded Washington – most of it into Republican coffers….
