In today’s FX Hour, we started projecting December price levels for key instruments We discussed the major indexes and currency pairs and began using the MonkeyBars to estimate the values going into December. We also discussed retail sales and Black Friday results, highlighting that they are not inflation adjusted. We discussed the expectations of a […]

In today’s FX Hour, we further discussed Best Buy’s (BBY) better-than-expected earnings and the low volume in trading. We looked at the Best Buy beating analyst expectations but falling lower than last quarter and just over half of last year’s earnings for the same quarter. It appears as though investors are desperate to justify bullishness […]

In today’s FX Hour, we further discussed Producer Price Index slowing down We looked at the impact of slower inflation and what we can read into the Walmart (WMT) earnings report. We discussed consumer savings and consumer debt. We also discussed substitution versus lower prices in inflation data. We looked at commodity prices and the […]

In today’s FX Hour, we further discussed unsatisfied order areas as areas where large traders are positioned. We anchored long term and short term areas where the whales may be positioned and discussed confirmations at key areas. We looked at the intraday Monkeybar levels and discussed midterm elections, bonds, equities, bitcoin and upcoming Consumer Price […]

In today’s FX Hour, we anchored the MonkeyBars for the month of November on numerous instruments. We discussed the idea of a nearly balanced October and only adjusting the new ranges slightly. We also discussed the Fed Rate decision and statement on Wednesday and provided key levels ahead of the Fed. We reviewed the major […]

In today’s FX Hour, we discussed the U.S. dollar falling to a 6-week low. We also looked at earnings from the MegaCap stocks. We discussed the results and pressure on the markets including interest rates and the real estate market. We also discussed inflation and key levels for the U.S. dollar We reviewed the major […]

In today’s FX Hour, we discussed the rally in U.S. equities as an unfounded rally while the U.S. dollar fell and yields continued to climb We discussed the fundamental pressures and impact of higher borrowing rates on the futures earnings. We also discussed AAPL announcing a decrease in production. We looked at NFLX and UAL […]

In today’s FX Hour, we discussed economic reports and banking pressures that could drive equities lower. We discussed the comments from the Bank of England as well as the financial struggles of Credit Suisse and UBS. We looked at the major markets, gold, copper, oil and other instruments We reviewed the major indexes, major forex […]