The FTSE fell during the course of the week, testing the 6700 level. This of course is an area that has been supportive and resistive time and time again, so the fact that we bounced from there isn’t that big of a surprise...
The Dow Jones 30 fell during most of the week, but found enough support at the 16,800 level to turn things back around and form a hammer of sorts. The 17,000 level just above is massive resistance, so we can get above there we believe that this market could continue to go much higher...
The natural gas markets fell again during the course of the week, testing the $4.60 level but failing. Ultimately, we did push towards the low of the recent consolidation area, and as a result we now find ourselves in a situation where this market is going to test significant support...
The silver markets rose slightly during the sessions over the past week, but as you can see that $22 level is an area that has caused resistance previously...
The IBEX fell during the course of the week, but found the €10,900 level to be supportive enough to keep the market somewhat afloat. Because of this, we feel that the buyers will stepping sooner or later, but also recognize that the €10,700 level is much more supportive...
The Italian index looked a bit soft during the course of the week, closing towards the very bottom of the range. This suggests that the market could continue to fall from here, and that’s course reasonable considering that there is a massive gap below that has yet to be filled...
The gold markets had a slightly positive week over the last five sessions, but that being the case the market continues to look a bit ported. Nonetheless, we believe that this market should eventually go higher, and head to the $1400 level...
The Canadian dollar rose to almost six-month highs against the U.S. dollar on Friday, after a strong inflation report the previous Friday eased concerns over the subdued inflation outlook...
The pound remained supported above the 1.70 level against the dollar on Friday, trading within striking distance of six-year highs amid heightened expectations for a U.K. rate hike before the end of the year...
The dollar fell to one-month lows against the firmer yen on Friday as upbeat U.S. consumer sentiment data failed to bolster the outlook for the wider recovery after data earlier in the week showed that first quarter growth was revised down sharply...
The dollar fell to five-week lows against the Swiss franc on Friday, despite improved U.S. consumer sentiment data after poor economic reports earlier in the week undermined the outlook for the broader recovery...
The New Zealand dollar ended Friday’s session close to a 34-month high against its U.S. counterpart, as upbeat U.S. consumer sentiment data failed to dispel concerns over the outlook for the wider economic recovery. NZD/USD hit 0...
The dollar ended the week lower against a basket of major currencies on Friday as upbeat U.S. consumer sentiment data failed to dispel concerns over the outlook for the wider economic recovery. The final reading of the University of Michigan's consumer sentiment index rose to 82...
The NASDAQ broke higher during the course of the week after initially testing the 4350 level, thereby forming not only a hammer, the closing just below the 4400 level. This area looks rather good to go, as we have broken to a fresh, new high...
Fundamental Forecast for Pound: Bullish EUR/GBP, GBP/CHF Flags Ready for Liftoff as Carney Signals Policy Shift GBP/USD Diagonal Line Still in Focus above 1...
The GBP/USD pair broke down a little bit during the course of the week, but as you can see the 1.70 level has in fact offered enough support to form a hammer now, and that of course suggests that the market is going higher...
The DAX as you can see fell during the course of the week, testing the €9800 level. However, we found enough support towards the end of the week in order to stop falling, and we are certainly approaching a significantly supportive area...
The US Dollar Index fell during the course of the week, but was closing it out just above the 80 handle. The 80 handle is of course supportive, but ultimately we believe that the real support is to be found out of the 79 handle, which a break down below would be massively negative...
The Australian dollar edged higher against its U.S. counterpart on Friday, amid speculation the Federal Reserve will keep interest rates at record-low levels for a considerable time. AUD/USD hit 0.9444 on Wednesday, the pair’s highest since April 10, before subsequently consolidating at 0...
