Currencies

Swiss Franc Testing Key Support: Time For A Bounce?

A popular Swiss Franc ETF is testing a key line of potential support. We mentioned this week in our regular #TrendlineWednesday feature on Twitter and StockTwits that many of the key trendline tests that we highlighted over the past few weeks have played out as a result of the recent bounce in stocks. Thus,…

Why Bitcoin Could Fall To $4,000 This Year

Most traders live and die with price charts. They show us where to buy and where to sell. Many times a securities price leaves us a clue on a chart as to where it will head next. Today we will look at Bitcoin and highlight its yearly price pivots. Looking…

US Dollar Index: Traders Indecisive At Key Technical Support

The following chart and data highlight non-commercial commodity futures trading positions as of March 20, 2017. This data was released with the March 23 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the US Dollar Index. For…

Gold Bulls Hope This Ratio Provides Best Message In 7 Years!

Most investors are familiar with the relationship between the U.S. Dollar and Gold. Gold bulls like a weaker U.S. Dollar as it provides a tailwind for precious metals. Here’s a prime example: Over the past 15 months, the US Dollar is down 14 percent. During that same time, Gold is…

Bitcoin Research Update: Sentiment, Seasonality, and Technicals

Over the past several months, we’ve slowly built up some Bitcoin research indicators (and others focused on the cryptocurrency market). As most of our clients are in the institutional space and hence either can’t invest or don’t have the appetite to invest in bitcoin and cryptocurrencies, I thought I would…

COT Report: Is The Euro Nearing A Turning Point?

The following chart and data highlight non-commercial commodity futures trading positions as of March 6, 2017. This data was released with the March 9 COT Report (Commitment of Traders). Note that these charts also appeared on my blog. The chart below looks at non-commercial futures trading positions for the Euro currency. For the…

S&P 500 Update: Friday/Monday Trading Low?

Early weakness has the S&P 500 undercutting yesterday’s lows as the stock market pullback continues. Near-term Trading Outlook:  Stock market futures look to be closing in on support where a bounce can begin. This decline both in the US (and globally) will bring out some near-term bearish sentiment that can…