Daily Market Intelligence 12-15-17
NIkkei has been running the board for the past week. 22,000 to 23,000 followed by a 5 day sell off to 22,000. Nikkei held early and rallied last night. It is now getting close to the breakdown level of 22,770. … Continue reading
USD/JPY has come close enough to one of those scene of the crime levels that it is ripe forĀ short-term price rejection ( an oversold bounce)Ditto with the 30 yr. Bond futures. Indices will not be the feature. Financials and … Continue reading
Daily Market Intelligence 9-19-17
Spu’s…N.Korea..No one cares. It will take sustained and closing price action under 2488.20 for weakness. GBP/USD…Everybody cares. Rising British rates Pounds are close to its upside target. USD/JPY…is showing a possible ORH month (weaker Yen). It will take sustained … Continue reading
Daily Market Intelligence 9-15-17
British Pound held onto Friday’s gains and has remained strong against the Gold,EURO & YEN on the crosses. Let the day set up and digest the relief rally.
USD/JPY and the Dollar Index have reached their objectives. Gold has hit resistance at the same time. Commonwealth currencies (GBP,CAD,AUD,NZD) act well and have room to the upside. Expect a strong close today. EUR/GBP…91.18 is today’s ORL #. Sterling has … Continue reading
Daily Market Intelligence 8-30-17
Daily Market Intelligence 8-4-17