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After a sharply lower close the week-ending January 18, the March Swiss Franc futures contract posted an inside week and higher close on Friday. With the main trend up on the weekly chart, last...
The March Euro futures contract dodged a bullet last week when it failed to follow through to the downside following its potentially bearish closing price reversal top at 1.3413 the week-ending...
After a 9 week rally, the March Euro posted a closing price reversal top last week. This chart pattern often signals the start of a 2 to 3 week break, but not necessarily a change in trend. The key is...
The March E-mini S&P 500 futures contract is currently sitting inside of a triangle chart pattern bounded by Gann angle resistance at 1467.50 and Gann angle support at 1460.00. The triangle chart...
U.S. stock index futures ended mixed on Tuesday with the March E-mini NASDAQ finishing the weakest. The index felt the brunt of a sharp sell-off in Apple (AAPL) which closed below the psychological...
A combination of risk aversion and a weaker German economy pressured the March euro on Tuesday. Traders flocked to the U.S. Dollar for protection in anticipation of a possible stalemate in the debt...
The March E-mini S&P 500 held steady on Wednesday on the heels of solid earnings from Alcoa (AA) and on the outlook for an improving economy. Overbought conditions may have led to the tentative...
The March E-mini NASDAQ 100 futures contract is trading flat-to-better ahead of the shortened New Year’s holiday session. The index is currently straddling a key Fibonacci level while trading on...
The March Canadian Dollar is giving back earlier gains after a surprise pop to the upside. On Friday, the contract survived a test of a Fibonacci level at 1.0010 by posting a low at 1.0011. The weak...
Concerns over the U.S. fiscal cliff becoming reality are helping to drive the March euro lower overnight. Currently, the market is finding support on an uptrending Gann angle slightly above a main...
Although the primary driving force behind the three day sell-off in the March British Pound has been the threat of the U.S. fiscal cliff, yesterday’s report that U.K. house prices fell for a...
The March E-mini S&P 500 sold off on Wednesday after news hit the market that budget talks had hit a snag, opening up the possibility of the “fiscal cliff”. Investors reacted by paring...
If the fiscal cliff is the biggest threat to the world economy as some experts say, it certainly isn’t showing up in the financial markets yet. Is the current rally in the foreign currencies and...
The December euro is mounting a strong comeback following last week’s hard sell-off. The strong rally is occurring after the market survived a test of a major retracement zone. So far all we are...
The daily December Euro futures contract confirmed Wednesday’s closing price-reversal top, triggering the start of a potential two-to-three day break equal to at least 50% of the last rally....
Last week the December E-mini S&P 500 futures contract completed a 50% retracement of the break from 1468.00 to 1340.25. The close over 1404.25, however, left traders a little optimistic that the...
The December Australian Dollar rebounded overnight from last week’s sharp sell-off on Monday with investors driven by signs of progress in discussions to resolve the fiscal logjam in the U.S....