The expansion of the quantitative easing by the ECB has put a renewed pressure of the greenback to go up. Mind you euro is the biggest component of the dollar basket and the QE has been hugely negative for the euro. When the U.S. dollar goes up then naturally the commodities priced against it will go…
We have hand-picked for you seven of the best trade set-ups of 2013 that are bound to be repeated in 2014. Here is one of seven. The best thing about Elliott wave patterns? Easy: They repeat. They repeat on all timeframes, across dozens of markets, all over the world. Once you know what to look…
Chairman Ben Bernanke’s Jackson Hole speech turned out to be quite positive for reflationary trades and this was reflected in the price action of gold and US dollar. SPDR Gold Trust (GLD) attracted nearly $2 billion in fresh assets in August, more than most exchange-traded funds. With a gain of 4.6%, August turned out to be…
Thursday: Stocks Ease So Does Volume Early Thursday morning – New York time – the US futures were heading higher from the decline of Wednesday. YM, the DJIA mini futures, was even threatening to form an inverse head-&-shoulder pattern. However, the US unemployment claims report punctured the optimism and the futures lost their steam. For…
Two thirds of August trading days are behind us but the month is not playing up to its reputation so far. Bucking the History: Stock Trader’s Almanac notes that over the past 61 years, August has been 10th best month for Dow Jones Industrial Average and NASDAQ or in other words, third worst. August is 9th best for…
Yesterday’s Action – Dojis, Bearish Engulfing and Dark Clouds Tuesday had started on a positive note. In the early session, the US futures continued their uptrend that they had acquired in the middle of Monday’s trading. However, the upward momentum could not continue for too long and just like they did on Monday, major indices…
You must be logged in to post a comment.