Currencies

The COT Report: Investors Get Bullish… And Hawkish?

The following is a recap of the recent Commitment Of Traders (COT Report) released by the CFTC (Commodity Futures Trading Commission) looking at COT data and futures positions of non-commercial holdings as of November 8. Note that the change in COT report data is week-over-week. Excerpts of this blog post originally appeared…

Is China Behind The Big Rally In Copper Prices?

Recently, I have with Arun Chopra on a new research adventure. We fuse together longer-term fundamental indicators with technical indicators to do historical studies. Today I want to share with you our recent research into the rally in Copper prices. And, more specifically, what may be driving the biggest move in copper…

5 Bullish Stock Market Indicators For Traders In November

Investors bore witness to one of the largest stock market reversals on record since 07/08 last week. In sum, the Dow Jones Industrial Average (INDEXDJX:.DJI) recorded its best weekly gain in 5 years (and the S&P 500 in two years). Last week was one for the record books… Not only did the…

Weekly Stock Market Review & Outlook: Bulls Charge Ahead

Stock Market Outlook & Technical Review For November 11 Here’s a look at some key stock market indicators and emerging themes that I am watching in my latest S&P 500 (INDEXSP:.INX) Review and Weekly Stock Market Outlook: Index-Level Trends Turning More Bullish – The stock market roller coaster of the…

Election Results Bring Record Mexican Peso Decline

The world was shocked last night as Donald Trump was elected as the 45th president of the United States of America. The biggest shock however came from the currency markets and a record Mexican Peso decline. The Mexican Peso (CURRENCY:MXN) was down by -13% at one point versus the US…

British Pound Currency (GBP/USD): A Bottom Is Lurking Nearby

The British Pound currency (GBPUSD) has been taking on water since the Brexit vote. And there has been an uptick in the amount of news and negativity surrounding the Pound. Could this ultimately lead to a trading bottom?  Time and price are agreeing that a bottom is coming soon, perhaps…

The Chinese Yuan… It Doesn’t Matter Until It Does

The Chinese Yuan (CURRENCY:CNY) or Renminbi is on the move again. But part of the reason why markets are shrugging it off is that it’s really more of a US dollar thing than a Renminbi thing as the chart below shows. The chart shows the USDCNY exchange rate vs the…

U.S. Dollar Rally: A Tale Of Two Chart Patterns

The U.S. Dollar Index has been trading in a wide consolidation pattern over the last 18 months or so.  But after the recent U.S. Dollar rally, that consolidation has formed two distinct chart patterns. And as you may have guessed… one is bullish while the other is bearish. As you…

October 21 COT Report: A Recap Of Non-Commercial Holdings

The following is a recap of the October 21 COT Report (Commitment Of Traders) released by the CFTC (Commodity Futures Trading Commission) looking at COT data and futures positions of non-commercial holdings as of October 18.  Note that the change in COT report data is week-over-week. Excerpts of this blog post…

British Pound Fund ETF (FXB) Finds Currency Support

Many traders make use of Elliott wave analysis because of its ability to forecast turns and reversals in a market. However its other greatest strength is often overlooked – its ability to alert a trader quickly when a forecast turns out to be wrong. That was the case with our…