In today’s FX Hour, we discussed widening candles at key levels as an end to a trend. We identified multiple-year support and resistance levels being reached and a confluence of yearly, monthly, and daily monkeybar levels confirming these key levels. We discussed confirmation and target levels for both bullish and bearish moves over the next […]
In today’s FX Hour, we discussed preparing for the Federal Reserve Rate Decision We discussed fed funds futures both for this month ahead of Wednesday’s decision and by end of the year. We discussed the impact to the overall economy and the expected outcomes around the Fed announcement tomorrow afternoon. We don’t expect a lot […]
In today’s FX Hour, we discussed the U.S. dollar skyrocketing after the CPI report came in higher than expected. We discussed inflation and Wednesday’s PPI possibly indicating faster inflation than what today’s CPI showed. We also discussed the continuation lower in equities, gold, crypto and other instruments. We reviewed the major indexes, major forex pairs, […]
In today’s FX Hour, we discussed defining areas of unsatisfied orders. We demonstrated how to find and define areas where buyers and sellers took control as areas of unsatisfied remaining orders. We anchored key levels and combined these levels with Monkeybars and trends. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we discussed the U.S. dollar reaching a 20-year high. We discussed the potential impact of a unified global approach to addressing inflation coming out of the Jackson Hole Summit. We looked at the super cycles in commodities and discussed interest rates going into September. We reviewed the major indexes, major forex […]
In today’s FX Hour, we discussed equities creating a widening pattern. We discussed equities trading to 4 month highs on light volume ahead of the FOMC minutes. We discussed volume, volatility, inflation and interest rates. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we discussed the impact of the “Inflation Reduction Act” We discussed how the increase in revenues would both accomplish reduction of money supply and decrease in demand. Both of which would slow or reduce inflation. We also discussed the fact the government will spend more than it brings in does NOT […]
In today’s FX Hour, we re-anchored the Monkeybars for August We discussed jobs data coming out on Friday and the Job Openings Labor Turnover Survey (JOLTS). We also discussed the tendency of market participants to provide credit or blame to directional moves after the event regardless of the direction of the markets. We looked at […]
In today’s FX Hour, we discussed the planning ahead of the Fed. We discussed the probabilities of a 75 basis point hike versus a 100 basis point hike. We compared major currencies and discussed inflation and purchasing power parity. We looked at equities, gold, silver and other commodities as well as priced in the Fed […]
In today’s FX Hour, we discussed the risk of debt and default in primarily emerging markets. We discussed the impact Greek debt had on Germany and the eurozone and the 17 countries that have defaulted or at risk of default ad the impact this can have on the countries that hold the debt. We discussed […]
In today’s FX Hour, we discussed bounces and reversals with no volume and no catalysts to justify the phantom movements. We discussed the beginning of earnings season and the moves in equities and currencies when there was no economic event or catalyst to push the market. We also discussed expectations versus reality. We reviewed the […]
In today’s FX Hour, we discussed the U.S. dollar reaching levels not seen since 2002 We reviewed the major indices, a number of currency pairs and discussed fundamentals focusing on global high inflation that can lead to disinflation or deflation. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we reviewed key levels in the broad market and currency pairs. We primarily focused on the monkeybar levels and the equity selling off after bouncing off of trend resistance. We discussed prices falling through full range into the duplicate range. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we reviewed the price action to start the week. We discussed the rally in equity prices occurring in the overnight hours as a flight to safety from other markets and the volume at 25% to 30% lighter the last week possibly indicating profit taking and short covering. If the bounce in […]