Wall Street bosses are noddin' their heads like "Yeah" because the US corporate sector reported almost 1.8 trillion USD in earnings this quarter. That translates to a back-in-the-black 90% recovery of what they lost during the recession. Hmm, is it time for a party in the USA?
Since the daily chart is strong, that bullish sentiment will be reflected by traders buying into the intraday pullback in expectation of a continuation of the uptrend. The market direction on the 30-minute chart is a narrow-ranging accumulation cycle, as confirmed by the one-bar Initial Trend reading.
Aha! I spotted a potential long trade for EURJPY using the good ole Fibonacci tool and a former resistance level. Check it out!
Second to the last trading day of July! Make sure you're ready by reading today's roundup! Time to grab some pips!
Lemme tell you somethin', this pippin' that I got in my blood, it came from a family tree. My granddaddy was a pipper, my great great GREAT granddaddy was a pipper! Now, take a look at today's chart art to get those pips!
Oooohhhh. CONFLUENCE! Big word! But hey, there's so many signals to buy USDCHF, I can't help but giggle like a little girl! Oh wait, I am a little girl! Heehee!
Looking at the one hour chart of AUDUSD, we can see that the pair has been on a recent short term uptrend. With risk tolerance being the main market driver right now, I'm looking to find ways to get into this uptrend.
A combination of better than expected European Bank stress test results on Friday and today's better than expected US New Home Sales brought risk tolerance back to the markets at the start of this trading week. This meant a broad US Dollar sell off and a rally in EURUSD.
Have you ever felt in the zone, that you know exactly what the market is doing and what the appropriate response should be?
There has been a lot of double-dip talk in the market, and a lot of it from us. But, we remain open to being very wrong. Quite possibly, if the recovery is back on track, the US dollar will get smoked on yield and growth differentials; a couple of key factors that not too long ago appeared to favor Mr. Greenback.
Hallo! I've been on "pseudo-vacation" in Deutschland the past few weeks but I thought i would drop a daily update for the Cowabunga System. See how it all went down in today's Cowabunga Surf Report.
The Initial Jobless Claims Report is a method of noticing changes in the employment market. This report is therefore an economic indicator, to some extent.
