There is a yield chase going on worldwide. Yra pointed out early that the RBA left rates unchanged last night. The result was buying of precious metals and Silver Miners. ORH day In Aussie. AUD/NZD qtly buy stops are @ … Continue reading
Daily Market Intelligence 9-6-16
Stocks… IWM…needs above 118 to extend higher. Bonds … FX… Commodities… Gold…1138 is resistance, price action above 1143 is needed to to run the shorts out. Oil..is holding the breaks. Look for more upside above 46.75. General Comments or Valuable … Continue reading
The world is in profit taking mode since Lunch time in Asia last night. Yen…AUD/JPY..EUR/JPY..CAD/JPY..GBP/JPY.. crosses was where the action was last night. Yen Futures put in a double bottom pattern on a weekly chart right out of the gate, … Continue reading
The board has been mildly Risk on since the Asian opening last night. Europe didn’t disintegrate over the weekend. The world seems to be in wait and see mode, waiting for a clear signal that we can get through the … Continue reading
While the Aussie has rejected it’s initial 108 resistance the Yen crosses have taken over the entire board since the RBA announced it’s inflation data last night. In the meantime the Aussie resistance of 108 seems to be matching up … Continue reading