GBP/USD…is trading into daily resistance with the weekly chart showing a potential bottoming pattern with a Friday close over 130.98. Dollar Index…sitting right on its weekly trend line @ 94.30. Spu’s are presently caught between 2175 and 2185. They’ll need … Continue reading
Daily Market Intelligence 8-17-16
The Dollar is the story this A.M. USD/MXN is trading right at its 200 DMA @ 1794 and is short term overbought. Euro is trading at Matrix resistance. Yen & Aussie are getting close. GBP/USD trapped new shorts with GBP/JPY … Continue reading
Daily Market Intelligence 8-15-16
Daily Market Intelligence 8-3-16
European Banks are causing a cascade effect across all asset classes driven by falling Bond Futures. Nasd 100 Globex session has a double top after electing the yearly buy stops. Sustained price action and a close below 4726 will elect … Continue reading
The overnight feature from the London session was the failure of the Pound to hold a rally. In fact its putting in another bearish reversal keeping the FTSE strong. The Equity Bears took a run at it yesterday and were … Continue reading
Crude…46.12 is resistance with a close over 46.60 needed for signs of a bottom. 44.40-60 remains support and the closing downside pivot. Bund…165.30-50 is support and the closing downside pivot. 30 & 10 Yr. U.S. Treasuries and flirting with their … Continue reading
Daily Market Intelligence 7-14-16