It may have scuffed a few pebbles over the 23.84 lip Thursday but NY ultimately clambered back aboard by the close to prevent a nearby H&S from forming. Wouldn’t consider it out of the woods yet however and the market will really need escape into the 24.60’s to better dispel the H&S notion and start dialing in the sights on 25.30 once more with a mind to giving the Q3 revival a sharper edge.
9 months ago
4 min read
NY may still be just about balancing on its mid band (24.13) but it hasn’t been able to swerve abruptly higher again this week in spite of Londons’ coaxing as the Dollar is meantime weighing adversely on the macro and forcing the B-Berg to attack an important 105 support shelf.
9 months ago
4 min read
For those seeking more than just analysis of the Dollar Index as a benchmark for currencies as a whole, this report looks at 8 major spot Forex pairings that make up the lions’ share of the vast global FX marketplace while ensuring that critical diversity key to the successful investor.
9 months ago
4 min read
Having toughed it out near the mid band in prior sessions, NY jabbed back upwards Tuesday as it again seeks to dispel the Q2 double top. With the upper Bollinger in the low 25’s, this effort must still be given some room and actual conquest of 25.30 would really get back on the horse.
9 months ago
4 min read
Impossible to call it right at this second as NY continues to twirl around the mid band (24.05). If it could secure its grip aboard that feature, last weeks’ setback could still be filed in the corrective drawer and escape beyond 25.30 could exceed a continuation Fib retracement and make a more persuasive argument to being back in the saddle.
9 months ago
4 min read
Featuring 8 key futures markets that combined add up to more than 50% of the entire weighting of the Bloomberg Commodity Index (23 markets total) and augmented by analysis of the Bloomberg Index and the US Dollar Index, this report offers the preeminent heavyweight commodity sector portfolio.
9 months ago
5 min read
As if determined to put it all on a razors’ edge, NY ended its week by fraying the mid band Friday. In continuation terms, this means a decent 1₵ lunge into the top above 24.23 met a 25.27 Fib retracement of the Q2 decline (and a 1.20 B. Real pivot) before the effort flinched to now be teetering at the mid band.
9 months ago
4 min read
The 24.35 ledge per se lost its relevance Thursday but NY had a decent performance all the same as it scooped up a dip without hurting the mid band (23.88). So as so often seems the case, it is coming down to the fate of that feature to grade the impact of this weeks’ setback.
9 months ago
4 min read
Creakier conditions in NY Wednesday as it needled through the 24.35 ledge, mindful that top frontiers at 1.20 in B. Real and 8.50 in T. Baht have thus provisionally blunted their respective Jly upswings.
9 months ago
4 min read
For those seeking more than just analysis of the Dollar Index as a benchmark for currencies as a whole, this report looks at 8 major spot Forex pairings that make up the lions’ share of the vast global FX marketplace while ensuring that critical diversity key to the successful investor.
9 months ago
4 min read
Refused by the 25’s the day before, NY let off the gas a bit more Tuesday. For now this still equates to just a near term breather in the upper 24’s and since the B-Berg is adjacently hunting a next major 109.8 hurdle, there seems no cause for doubt here yet and a further leg north towards 26.43 remains plausible.
9 months ago
4 min read
NY has managed a good pull up from the prior 23.70 pennant edge but wasn’t initially being welcomed to the 25’s Monday. No immediate cause to read much into this yet however as the B-Berg is meanwhile making tracks towards a next big crossroads at 109.8 with the aid of Crude Oil so just taking a breather in the high 24’s here would do no harm, keeping the path to the 26.43 high open.
9 months ago
4 min read
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