by Brian Booth The yen has been treated as a sort of “safe haven” currency amid the current Middle East turmoil, but in my opinion, it looks like a better selling opportunity longer-term. On the chart below you will see two technical setups marked with arrows. These areas mark levels where I felt the yen [...]
by Gord Weisemann This past week, the markets have generally taken a breather from their relentless selling. That being said, the momentum doesn’t inspire much confidence, at least not for me. The markets will generally take the path of least resistance. Let’s take a look at the picture for currencies. U.S. Dollar Last week, the [...]
by Gord Weisemann Last week I said that volatility and risk aversion were the primary themes, and this week we’ve seen round two. Both the S&P 500 and Dow Jones Industrial Average as well as several currencies moved beyond their “black swan” extremes. All things considered, I think most major markets are moving closer to [...]
The end of the week brought us the surprising news that the SEC is bringing civil charges against Goldman Sachs in regard to disclosures for some of their mortgage products. This rocked investor confidence in virtually every product, but my initial guess is this reaction will be temporary. A significant number of commodity markets had [...]
by Drew Shaw At its March 2 policy meeting, the Bank of Canada (BOC) maintained its benchmark short-term interest rate at an all-time low of 0.25 percent. It’s been at this level since April 2009, and is not expected to change until the end of the second quarter of this year. The BOC said that [...]
by Greg Perlin The U.S. dollar has been in a bearish trend for quite some time against the euro, but the charts are telling me this may be changing.
Aussie Dollar Benefits from Carry Trade, Improved Commodity Demand By Phil Streible The Australian dollar has pulled back a bit after a strong rally, and I think it’s an opportune time to set up an Aussie dollar debit spread, based on supportive technicals. There have been some signs of stabilization in the global economy, and [...]
