Technical Analysis

0.0 00 GBP/USD (1.6610) The UK manufacturing PMI just came in at 52.5 in August. This is down from the 55.4 in July and broadly missed expectations for 55.1. This is the slowest expansion since June …

0.0 00 S&P 500 (2,003.37) The market is continuing but heads at the technical level near 2,006.50. Should we reverse course, we have near term support at 1,990.50 then at 1,985.50. A break below those levels …

0.0 00 S&P500 (2,000.05) We are noticing a Hanging Man chart formation forming near the round resistance at 2,006.00. This is an indication of a looming pullback. We see near term support at 1,990.50 then another …

0.0 00 EUR/USD (1.31692) The German Unemployment Change was released this afternoon and missed the mark. For the month of August, we saw a print of 2,000. In July the number came in at upwardly revised …

0.0 00 EUR/USD (1.32127) Even though the euros steady fall has lost momentum, the fall from 1.3995 is expected to continue. A break below 1.2905 is expected to target 1.2890 and lower. On the flip side, …

0.0 00 S&P 500 (2,000.02) We have reached and set a new record in this market. The S&P 500 has closed above 2,000. Yet we have some doubts. This move came on the lowest volume on …

0.0 00 AUD/CHF (0.8530) The AUD/CHF has gapped up higher. We see key technical resistance now at 0.8535 then a little further up at 0.8545. Looks like we bumped into 0.8535 right now, and formed a …

0.0 00 EUR/USD (1.32027) The Euro is now testing the lower range of its four month long bearish move versus the U.S. Dollar. We see short term support at 1.3175. This is the lower support of …

0.0 00 EUR/USD (1.31976) The August German IFO came in weaker than expected pushing the Euro below $1.32. The IFO printed at 106.3 below expectations for 107. This is the lowest reading in nearly 13 months. …

0.0 00 S&P 500 (1,988.40) This market continues to push higher. We have now cleared the cluster resistance area which was at 1985.35 to 1991.50. Buyers are now looking to challenge 2,000 then 2006.50. If we …