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