0.0 00 There are times, when I come across items that piques my interest simply because they sound implausible. Small business owners, in the United States, are getting ready to comply with new health care rules. …
Read More »The Yen Sells Off, Whats Next?
0.0 00 USD/JPY (¥108.041) Resistance Levels: 108.60, 110.05, 110.80 Support Levels: 107.30, 106.50, 105.20 The USD/JPY shot higher after the formation of a bullish reversal pattern called a Morning Star candlestick. See above daily MT 4 …
Read More »Daily Video Analysis: Markets Seemed More Concerned Over Ebola then Data
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Friday, October 24. Today is another busy economic news day as the week should go out with a …
Read More »Gold Runs out of Steam and Forms a Top
0.0 00 Gold (1235.07) It appears the yellow metal has lost steam and sellers have reentered the arena. A short term top has formed near 1255.10. This technical level is supported by the 55 daily moving …
Read More »China’s Property Slowdown. So What?
0.0 00 Okay, China’s property market is slowing down. The picture does not look very good as prices are declining. So what? Here is why you should say the same thing. “So what?” Bottom line, there …
Read More »Daily Video Analysis: European PMI’s to Take Control Today
0.0 00 Good morning and welcome to today’s daily video analysis. This morning China’s PMI came out at a three month high but markets continued to sag thanks to slumping crude oil prices. Later today we …
Read More »The Kiwi/Dollar Looks Ready to Move Lower
0.0 00 NZD/USD (0.7971) Resistance Levels: 0.8050, 0.8139, 0.8270 Support Levels: 0.7870, 0.7768, 0.7680 The NZD/USD is getting ready to move lower again. See the above MT 4 daily chart. Price action is reversing after recovering, …
Read More »USD/JPY Price Action Indicates Buyers Hesitation Near ¥106.78
0.0 00 USD/JPY (¥107.067) The sideways movement in the USD/JPY Forex pair has now formed a very specific type of Doji, which is indicating buyer’s hesitation below ¥106.78. We are noting a Dragon Fly Doji, see …
Read More »Daily Video Analysis: England to Move the Markets
0.0 00 Good morning and welcome to CupO’Forex. This is David Frank with your daily video analysis for Wednesday. October 22. Today, all eyes are on England as its Monetary Policy Committee (MPC) is set to …
Read More »Is the Junk Bond Bubble Deflating?
0.0 00 We have seen several months of market fluctuations which have sent junk bond yields soaring higher as prices fell off sharply. The air is now being let out of this balloon. The bubble is …
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