0.0 00 Overnight the S&P 500 closed at 1,997.92, within reach of 2,000. Can this level be achieved today, Tuesday? We will be watching, but there could be some storm clouds as geopolitical tensions rise in …
Read More »Daily Market Technical Analysis: Is the Euro Exhausted?
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 …
Read More »Daily Forex Technical Analysis: German IFO Weakens the Euro
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. …
Read More »Daily Market Technical Analysis: S&P 500 Flirts with 2,000
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 …
Read More »Weekly Economic Recap: Inflation Pressures Ease for Yellen and Co.
0.0 00 Article Summary: The CPI slowed a bit and printed at 0.1 percent and 1.9 percent annually. Energy prices have finally calmed down and retreated across the board. Housing starts and building permits have increased …
Read More »Technical Market Analysis: S&P Eyes 2,000
0.0 00 S&P 500 (1993.60) The market is aiming squarely for 2,000 after clearing the key technical barrier at 1985.50 then 1990.50. Buyers are now looking to challenge 2,005.50. A daily close above this aims for …
Read More »Economic Analysis: Will Indonesia’s New President be Good for Stocks?
0.0 00 Article Summary: The Jakarta Composite Index has soared to a 15 month high. The Indonesian rupiah has strengthened 4 percent versus the U.S. Dollar. Joko Widodo, Indonesia’s new president, will have to push through …
Read More »Daily Market Technical Analysis: USD/JPY Rallies to ¥104
0.0 00 USD/JPY (103.773) The Dollar is nearing a five month peak after rallying this week. We have not seen this kind of rally since March. A move above ¥104 would be very positive and a …
Read More »Economic Analysis: Ukrainian Crisis Drives Palladium Prices
0.0 00 Article Summary: Palladium prices have hit highs not seen in over a decade. Price can touch $1000 per troy ounce before too long. Fears over Russian sanctions due to the Ukraine crises have driven …
Read More »Daily Market Technical Analysis: The Kiwi Moves Below 0.84
0.0 00 USD/CAD (1.0984) The U.S. dollar is resuming its bullish trend against the Canadian “Loonie.” We note this move occurred after it formed a bullish candlestick around 1.06 and has been inching higher ever since. …
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