USDCAD Daily Analysis – February 20, 2014
USDCAD bounced strongly from 1.0910, indicating that the downward movement from 1.1224 had completed.
Strategies
NQ (NASDAQ) index leads the way …. again!
One of the best barometer’s of market sentiment is the NQ (e-mini future for the NASDAQ), and whilst many analysts were forecasting market meltdown the NQ was quietly reversing and clearly signalling a short term reversal. The bears, once again, have been sent smartly back to their caves!
The sun starts to shine again for gold bugs
As I have written many times before it has been a torrid time for gold bugs, who have seen the precious metal collapse from the dizzy heights of almost $2000 per ounce to plumb the lows of $1200 per ounce.
Whole Foods Market Earnings Preview: Double-Digit Revenue Growth Expected
Whole Foods Market (WFM, quote), which was a top stock pick on Jim Cramer’s Mad Money last week, is scheduled to report its fiscal first-quarter results Wednesday, February 12, after the markets close.
The growling bears retreat into the woods!
Looks like the markets just about managed to avoid a mauling by the bears, who have now temporarily retreated to lick their wounds!
An historic week for the FED, but what of the markets?
The first FOMC meeting this week is an historic one for many reasons. First it is the last time Ben Bernanke will chair the meeting. Second, for the first time in the FED’s history the Chair will be held by a woman, and third with several new members the voting pattern will be scrutinised very closely by the markets.
An analysis of gold for speculators and investors
In writing any market analysis, I am always conscious of two things. First, it is very easy to forget that the associated buying and selling in any market embraces the full spectrum, from long term investor, to the short term speculator.
Resistance Turned Support on GBP/JPY January 24, 2014
GBP/JPY has made a stellar rally in the past few trading days, thanks to improved fundamentals in the UK.
The warning flags have been flying on the Emini YM
The warning flags of potential short term weakness have been flying for some time on the Dow Jones cash index, and the associated derivative E-mini YM futures contract.
Brent Above $107 On Improving Growth Prospects
Brent crude oil (BNO,quote) gained momentum on Wednesday as growth in industrialized countries became more likely. The commodity traded at $107.10 at 6:30 GMT on Wednesday morning.