Currencies

U.S. Macro Market Outlook: Clouds On The Horizon

On March 10, 2017, 720Global introduced the Trump Range Chart. Developed to see several different markets on one page, this unique chart provides a composite perspective of many instruments at once. Given the large post-election market gyrations across many asset classes, our concern was, and still remains, that those moves…

Currency Market “Shift” At Play? US Dollar Breaking Key Support

The US Dollar (CURRENCY:USD) has shown strength versus the Euro (CURRENCY:EUR) since 2008, with the “meat” of that strength coming in the last 3 to 4 years. This strength worked as a headwind for precious metals, emerging markets, and at times, the domestic economy. But that market dynamic is at a crossroads… and may…

Market Update: Stocks Rally But Not Out Of The Woods Yet

Market Trading Update – Friday, May 19 We’re seeing another day of bouncing in the S&P 500 (INDEXSP:.INX) and other broad equity indices. Elsewhere, European stocks are also rallying while Asia is largely mixed. The U.S. Dollar Index (CURRENCY:USD) is getting hit hard yet again vs both the Pound Sterling and…

COT Report Data (May 5): 3 Charts For Commodities Traders

The following is a recap of the recent Commitment of Traders Report (COT) released by the CFTC (Commodity Futures Trading Commission) looking at Commitment of Traders data and commodity futures positions of non-commercial holdings as of May 2. Note that the change in COT report data is week-over-week. Excerpts of this…

Japanese Yen Rally Likely To Fizzle Out By Summer

The modest rally in the Japanese Yen that we predicted in our February post has proceeded nicely. Currently, price is approaching the area we have been watching for a downward turn. If the Elliott wave pattern continues to behave, the next decline in the Yen should be fairly powerful and…

Understanding Bitcoin: A Simple Guide

What exactly is Bitcoin? How do you get it? And what can it be used for? Bitcoin is a type of cryptocurrency, a peer to peer digital money system that allows you to send or receive money across the internet without being linked to a real identity or 3rd party (ex:…

COT Report Futures Analysis: Gold, Crude Oil, and The US Dollar

The following is a recap of the recent 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 April 11. Note that the change in COT report data is week-over-week. Excerpts of this blog…

Macro Investing Trends: 5 Stock Charts To Watch Now

Market trends and rotation occur in both localized (domestic) and global markets. With this in mind, it’s important to understand that we have many investment choices across the globe… and within our own given markets that we tend to follow. Additionally, many of these markets can be used as indicators…

U.S. Equities Show Resilience In Face Of Weak Jobs Report

The stock market indices slipped a bit after the Jobs Report miss (98K actual vs 180 expected), but have since recovered with the S&P 500 Index (INDEXSP:.INX) near positive ground.  Similarly, treasury bonds rallied hard on this weak data (with the 10 year yield briefly falling under 2.30%)… but bonds have since calmed…