Currencies

Japanese Yen ETF (FXY): Elliott Wave Upside Targets

As a follow-up to Friday’s post about Yen futures, here we show some areas for the ETF trader to watch. Charting the CurrencyShares Japanese Yen Trust (NYSEARCA:FXY), we had been expecting a decline from last summer into the support zone that was tested. Now we expect a modest but tradable…

Bitcoin Trades Near Parity With Gold (chart spotlight)

While Gold (NYSEACA:GLD) has been on a tear in 2017. But as Bloomberg noted last week, Bitcoin is closing the gap! Gold is trading at $1,258 an ounce while the cryptocurrency (CURRENCY:BTC) is trading near the narrowest gap in history at $79 below spot gold prices. Earlier in 2017, Bitcoin…

Japanese Yen Looks Ready To Rally

Last June, we presented a chart here at See It Market showing the decline we anticipated in the Japanese Yen, by way of a related ETF (NYSEARCA:FXY). We were expecting the Yen (CURRENCY:JPY) to test near an area of prior support as the middle wave of a sideways/upward correction. Now there…

Inside The Markets: 5 Charts For Active Investors (February 22)

It’s time for another round of macro technical charts as investors attempt to weigh the risk to reward ratio across several markets (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at 5 charts with important technical price developments.  Even if you’re not…

3 COT Report Charts For Commodities Traders (Feb 3)

The following is a recap of the February 3 Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and futures positions of non-commercial holdings as of January 31. Note that the change in COT report data is week-over-week. Excerpts of this…

S&P 500 Trading Update: One More Push Higher?

Quick Update on the U.S. equity markets US Equity futures are hanging around even, while most of Europe down about 0.50% as UBS is weighing on the financials. That said, Europe still stands to finish week up above 1%. US Dollar (CURRENCY:USD) strength continued this morning and treasury yields are also…

British Pound ETF (FXB): Further Consolidation Likely In 2017

British Pound ETF update: Expect bounce or consolidation The British Pound appears to be following the script we described in our July post and refined in our October post. On monthly charts for the CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB), we are expecting an elliott wave five-wave sequence down from…

5 Charts For Traders: Gold, US Dollar, CBOE SKEW and More

It’s time for another set of 5 macro technical charts to watch as we move toward the end of January (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded I believe…

5 Charts For Global Investors: Key Market Trends

It’s time for another set of 5 macro technical charts to watch as we move further into the month of January (including stock market indices, sectors, individual commodities, currencies, bonds, and other benchmarks and market indicators). This chart review will look at technical price developments.  And even if you’re not technical analysis minded…