Currencies

Are The Financial Markets Turning Into Mr. Toad’s Wild Ride?

Folks, if you’re reading this blog it’s assumed you have some interest in the financial markets and, to a certain extent, the art of “technical analysis.” In order to lighten up the technical aspects of looking at a chart I’ve included a couple of pictures to describe my personal feeling…

Is The US Dollar Correction Over?

The US Dollar correction began in March, following a top and ensuing retest that failed in April. It has lasted about 5 months thus far and is likely to end soon (if you believe that a new bull market has started). And after the recent thrust lower, many traders are wondering if…

Chart Spotlight: A Short Setup On The US Dollar Index (DXY)

So with all the China hoopla around their recent announcement to devalue the Yuan, I was actually stalking a trade in the US Dollar Index (DXY). An Extremehurst compression signal just broke out right on time. In the first chart below, you can see a monthly scale top extension has kept me on…

Are Gold, Copper, And The Miners Setting Up For A Rally?

In my opinion, the metals and their respective commodity currencies are preparing for a very tradable bounce. Note the use of the word “tradable”, as this type of rally will not be “long term” in nature as the metals are in established macro down trends. I see these opportunities being 4-8 weeks…

Why The Australian Dollar Is Nearing A Countertrend Move

The continued advance in the U.S. Dollar since 2011 has made short positions with several paired currencies attractive for investors with a multi-year perspective. However, the Australian Dollar (AUDUSD) appears poised for bounce soon. This sets up the possibility of a countertrend trade for a few months, as well as…

Euro In Focus: Without The News, Without The Noise

The Greek deadline is focusing a lot of eyes on the Euro, or at least it should be, as the FX market tends to impact a number of other asset classes and asset allocation strategies as well. Just as an experiment, let’s try to strip out all of the news…

US Dollar/Yen Currency Pair Could Be A Game Changer

It has been a long time since we’ve seen the US Dollar/Yen currency pair at a major crossroads, with implications for the broader market. Don’t get me wrong, there have been plenty of “trades” to be had and inter-market trends to be followed. But how this one plays out could…

The Rotation Report: Preparing For The Week Ahead

Well, it’s time to hunker down and get ready for another week of market action. I hope you all enjoyed the long weekend! The good times always go by too fast don’t they? Be sure to check out my favorite reads of the week from around the financial web. This week’s…