By the looks of it, traders might actually be respecting the holiday commemorating US Independence. The dollar is positive on the day so far.… More…
Posted 10:28 02 July 2009 by Jack the Pipper
A key day reversal is defined by Stockcharts.com as "a one day chart pattern where prices sharply reverse during a trend. In an uptrend, prices open in new highs and then close below the previous day's closing price.… More…
Posted 08:13 01 July 2009 by Jack the Pipper
We're still getting mixed signals as a consolidation moves continue. But it looks as though some of the currencies are building up steam; the likely resolution (on technical analysis alone) being a sharp breakout in accordance with the trend prior to consolidation.… More…
Posted 08:50 30 June 2009 by Jack the Pipper
The mantra from most commodities guys is a simple: Be long or be wrong. This is a secular bull market in commodities. And up until that little upset recently, a 50% haircut triggered by the credit crunch, commodity bulls have been right on the money. … More…
Posted 09:16 29 June 2009 by Jack the Pipper
China knows its symbiotic relationship with the US is over. You remember the one; it was based on US buying likely drunken sailors and China sending its sailors over to drop off container cartons of stuff, … More…
Posted 10:01 26 June 2009 by Jack the Pipper
Wondering why the South African rand rallied sharply against the buck yesterday? Me too. Leading into and following the Federal Reserve announcement yesterday, the dollar was stronger versus the pack of majors. So what prompted such strength from the rand?
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Posted 08:51 25 June 2009 by Jack the Pipper
We were expecting at least one day of follow-through (actually more) on the green shoot to brown weed re-think, thinking it would benefit the dollar as it did on Monday, but no dice. … More…
Posted 07:31 24 June 2009 by Jack the Pipper
The World Bank says contraction will be greater than expected; the global economy will slow by 2.9% rather than 1.7%. … More…
Posted 10:11 23 June 2009 by Jack the Pipper
Some days I struggle for things to rave or rant about in this morning missive. Often, after bleeding at the keyboard for an hour or two, something seemingly worth saying pours on to the screen; but there are those days when only the keyboard is stained. … More…
Posted 09:41 22 June 2009 by Jack the Pipper
Since I penned my Comdol falling off a BRIC wall piece the other day, the commodity currencies and oil have of course rallied nicely--they didn't follow the plan. But, hope springs eternal in the world of investing, and hope also usually gets one into trouble ... as we know.… More…
Posted 08:57 19 June 2009 by Jack the Pipper
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