Currencies

U.S. Equities Short-Term Technical Outlook – March 20

Most of the world stock market indexes are fractionally today, including the S&P 500 (INDEXSP:.INX). German and Italian bond yields are slightly higher, while the US Dollar (CURRENCY:USD) is largely unchanged vs most of the Majors. Equities have failed to show the kind of upside continuation that was thought to…

Top Trading Links: Are Market Bears Onto Something?

Stocks saw some follow through selling this week… but the price action still has the S&P 500 (INDEXSP:.INX) just 1.3 percent off its all-time highs. The market clearly is overbought here but it has been for some time. And bears have paid the price. That said, market breadth has been underwhelming so…

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…

Global Markets Update: The Fed, Politics, And Red-Hot Stocks

The financial markets started the year off on a positive note. Although the US Dollar (CURRENCY:USD) has pulled back a bit in 2017, it is still holding near 100 on hopes of improved economic growth. During this recent pause in the dollar, the bond markets have stabilized. But major stock…