In today’s FX Hour, we discussed the U.S. equity markets sitting at a balance point where we are expecting a 5% move up or down in the next 3 weeks. We reviewed the major equity indexes and how they are at a point of inflection as well. We looked at the U.S. dollar and the […]
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 […]
In today’s FX Hour, we discussed the largest gain for the euro in years. We highlighted the bullish move in the euro from open to close being the largest since March of 2020 and one of the largest trailing weeks in a decade. The dollar was knocked down and the euro shot higher which also […]
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.
