USD: CAD – Combining indicators for a sell strategy

There were quite a few US economic releases this week – retail sales; industrial production; housing starts; jobless claims plus PPI and CPI. Not one of them gave me the impression that the Fed is about to bring forward the tapering down of its QE program.

If this is right the market might begin to feel the US dollar rally has gone far enough for a while. CAD looks interestingly placed at resistance for those with the same view of life.

Continue reading

Posted in Uncategorized | Leave a comment

Morning Technical Notes – Friday 17 May

Today’s wrap and technical outlook for indices, commodities and currencies from CMC’s head of analysis for North America, Colin Cieszynski

Continue reading

Posted in Commodity, Forex, Gold, Market, Trading | Tagged , , , , , , , , | Leave a comment

Morning Technical Notes – Thursday 16 May

Today’s wrap and technical outlook for indices, commodities and currencies from CMC’s head of analysis for North America, Colin Cieszynski

Continue reading

Posted in Commodity, Forex, Gold, Market, Trading | Tagged , , , , , , , | Leave a comment

Aussie Dollar hits key support

Many technical analysts have been waiting a long time for the Aussie chart to return to its long term triangle support. Last night was the night. What happens from here could set the medium term outlook for Aussie.

Continue reading

Posted in Forex, Market, Trading | Tagged , , , , , , , , | 1 Comment

Morning Technical Notes – Wednesday 15 May

Today’s wrap and technical outlook for indices, commodities and currencies from CMC’s head of analysis for North America, Colin Cieszynski

Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Platinum – breakout strategy

While platinum fell heavily during last month’s ”flash crash” it bounced off medium term trend line support, unlike gold which smashed below its support.

Holding this long term support, could favour a bullish set up if platinum breaks out of the current range on the 4 hour chart.

Continue reading

Posted in Commodity, Gold, Market, Trading | Tagged , , , , , , , | Leave a comment

Morning Technical Notes – Tuesday 14 May

Today’s wrap and technical outlook for indices, commodities and currencies from CMC’s head of analysis for North America, Colin Cieszynski

Continue reading

Posted in Commodity, Forex, Gold, Market, Trading | Tagged , , , , , , , , | Leave a comment

Australia 200 – Short Term Sell

Today’s high in the index looks to me as though it could be forming part of a pattern resistance with potential for another move down to recent supports

Continue reading

Posted in Market, Trading, Uncategorized | Tagged , , , , , | Leave a comment

Banking Profits – Time for Action

Following bank reports over the last two weeks, the spectacular gains in bank share prices are under scrutiny. With ANZ already ex-dividend, and NAB and Westpac coming up this month, is it time to sell banks? Are there alternatives to selling? Today’s edition of the Market Mint canvasses the issues.

http://www.marketmint.com.au/main.php

Continue reading

Posted in Market, Shares, Stocks | 2 Comments

Morning Technical Notes – Friday 10 May

Today’s wrap and technical outlook for indices, commodities and currencies from CMC’s head of analysis for North America, Colin Cieszynski

Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment