Stock market - Against all odds, S&P index has risen almost 32% since hitting a low for the year on March 23. The fact that it happened after a ferocious plunge of 35% between Feb. 20 and March 23, the most devastating sell-off since the great depression, made the feat even more remarkable. As a matter of fact, the market posted its best quarter since 1998,...
Whats really going on in our "small" town? (Earth?) Studying whats going on in our towns across the world is very important. "sales (details)"...? however, is becoming "big businesses" only? I was talking with a (good) friend of mine on the street who works at a local Indian/Bangladeshi restaurant (thats still open) (this past week) the other day and he told...
With retail sales out in NZ tonight it is a good time for a short-term flow update. It to me seems a poor choice of moment to advance for bulls, extending the lows after a retest of the 0.6645/60 sell zone with a weak print tonight makes more sense to me. This would be in accordance with the needs of the flow. The 2020 macro map takes on the retrace leg, but...
Later this evening around midnight New Zealand will publish quarterly Retail sales report.The New Zealand Dollar traded mostly flat last week as investors seemed to shrug off the latest developments over the trade deal. Following the Reserve Bank of New Zealand’s surprise decision to keep monetary policy unchanged at its last meeting, the data will be watched for...
XRT is the retail ETF and every year we get a burst around the holiday season if you're patient. Over the past three years, starting the beginning of November into December and even through some of January XRT and the Retail sector popped higher off the increased sales through the holiday season. Even last year while we experienced a correction to bear market in...
EUR / CAD has developed higher lows connected by a longer-term upward trend line and also displays lower stochastic lows. This bullish divergence indicates a rebound may occur. With little eye-catching improvements for leading indicators for the eurozone, in this session, I'm hoping to catch a quick bounce for the shared currency. On the flip side, there might...
A temporary truce in the trade war was announced. Well, of course, a “truce” is not the right word we prefer a “pause”. The appreciation of the renminbi, as well as the decline in the VIX Index, are further evidence of tensions easing in the financial markets. Against this background, we again pay attention to the sale of gold. But we note that sales with the...
-DAILY MORNING STAR GREAT BUY SIGNAL -IF WE PUSH OUT OUT THE PURPLE RANGED CONSOLIDATION ZONE BREAK RETEST THE LONG WILL BE CONFIRMED . -PINK WEEKLY TRENDLINE TOUCHED AND REJECTED
Markets actively discounted under the monetary policy turn in the United States. In this light, the current decline and weakness of the dollar are quite understandable. On the part of officials, comments about a possible rate cut sound more and more actively. In particular, recently the St. Louis Fed President Jim Bullard, said that lowering the rate may be...
GBP/USD is in a descending channel pattern in the 1-hour chart. On reaching its supportive trendline it bounced off with a strong bullish engulfing candle. Hence we expect the pair to race towards the resistive trendline.
Bearish divergence on the Chaikin and the Fisher Transform, dangerous amount of momentum available if reality starts kicking in here. Falling volume giving an indication of uncertainty at these levels, to be expected. Be patient and watch how it behaves near the 100 VWMA. PPT is still active and will actively seek to eat shorts alive. Retail sales sink 1.2% in...
Target and Best Buy reported earnings today and their stock values fell, TGT worse than BBY. The retail brick and mortar stores are the last group to report each season. The ubiquitous AMZN has put most of this type of store at risk of total displacement as consumers prefer the ease and speed of online shopping over driving to a store. Technical patterns are...
Entered this trade on a pin bar / stop hunt that present itself yesterday morning. Entered on this pin bar and waited for news to hit. It was positive as suspected, my take profit was back down at previous structure and did actually push through this.
WMT looks like it presents an opportunity to buy in at heavily discounted prices. To the tune of 20% off. Normally I would be interested in buying nearly anything that is 20% off. Pull up this chart and look at it on the Weekly time frame. It appears as though our bearish trend might not be over and is just beginning. Fundamentally I like Wal-Mart and I think...
After the first official trading week of 2018, activities in the market are starting to pick up, and we are seeing volatility coming back. We are seeing an ideal technical setup on AUD/USD. In addition, we do have the US Core CPI and Core Retail Sales data coming in on Friday. The release of these economic data might act as a potential catalyst to strengthen...
USD/ZAR LONG ANALYSIS SELF EXPLANATORY ON CHART -RSI PUSHING UP/ROUNDING NICELY -STOCH CROSSOVER IMMINENT/ROUNDING NICELY -HORIZONTAL RESISTANCE *ANALYSIS NOT ON CHART* -RETAIL SALES COMING OUT FRI 1/12 ARE EXPECTED TO DROP 0.4% FOR DECEMBER.. I FEEL THIS IS ODD AS SPENDING GENERALLY INCREASES DURING THIS MONTH AS IT IS "HOLIDAY SEASON" I FEEL THE ACTUAL...
Guys, what's up, hope you nicked some pips this week. Well, it's Friday the 13th and if you got margin called, next week will be another cool week to boost your account. I have posted several posts at www.forex.today.com---https://tinyurl.com/Forex-Today-Analysis--- and if you like what I'm doing, you really need to go through those blog posts. Cool stuff, most of...
The EUR/USD pair has broken down below a steep trendline. This morning, the euro area's retail sales were down .5 percent MoM. I believe this is going to fuel a move down on the pair and we can continue to see the pair trend down as the dollar strengthens and the euro area's economy slows a bit. I think we can see levels all they way down to 1.14 over the first...