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Expected Reversal Takes Shape
Written on 15 Mar, 2010 at 19:14 in Commodities | viewed 64 times | 0 Comments
Mar.15.2010 Headlines- TheLFB trade team stated last week that there were technical signals that reveal a short reversal in recent direction may happen, as global markets test 2010 highs, and that move would lead to some near-term Usd buying that would be into short Usd near-term trends. This swing point may get messy, as that call to action follows through [...]... (Continue reading)
Swing Change Ahead Of U.S. Noise
Written on 3 Mar, 2010 at 1:27 in Commodities | viewed 86 times | 0 Comments
Mar.02.2010 Global equities The 4 hour trend is Long across the global equity market. Price action shows that despite the recent global imbalances (global deficits, Dubai and Greek debt problems) investors are reluctant to sell shares. This does not mean necessarily that bullish patterns are dominant, but does show that the equity markets have a [...]... (Continue reading)
Where-To On Crude Speculation
Written on 3 Mar, 2010 at 1:22 in Commodities | viewed 82 times | 0 Comments
Mar.02.2010 The 4 hour trend is Long. Oil is trading at the $80.00 resistance area, and a failure here will confirm the Head and Shoulders reversal pattern that is developing on the daily chart. However, a break above the $80 area could easily send the commodity above the $85.00 area. 12-month 95% correlation to Aud and [...]... (Continue reading)
Consumer Confidence Drops
Written on 25 Feb, 2010 at 0:43 in Commodities | viewed 83 times | 0 Comments
Feb.24.2010 The consumer’s mood is definitely downbeat, a strong indication that the jobs market isn’t improving. The Conference Board’s consumer confidence index fell back in a surprising and sizable way, down nearly 10 points to 46.0 in February (January revised to 56.5). Expectations, the index’s leading component, fell more than 13 points to 63.8 reflecting [...]... (Continue reading)
Intra-Day Action As Europe Closes
Written on 19 Feb, 2010 at 2:22 in Commodities | viewed 62 times | 0 Comments
Feb.18.2010 U.S. weekly employment numbers printed at 472K, and allowed the equity futures market to initially drop to the lows of the overnight session. The cash markets reversed those moves, but has run out of upside momentum. The forward growth story that seemed to empower the Usd in the previous session will now be tested, [...]... (Continue reading)
Housing Starts Increase 2.8%
Written on 17 Feb, 2010 at 23:27 in Commodities | viewed 51 times | 0 Comments
Feb.17.2010 Privately-owned housing starts in January were at a seasonally adjusted annual rate of 591,000. This is 2.8 percent (±11.5%)* above the revised December estimate of 575,000 and is 21.1 percent (±12.3%) above the January 2009 rate of 488,000. Let’s go to a chart of the data: I think the real statement about housing starts [...]... (Continue reading)
Fear Drives Commodity Pairs
Written on 17 Feb, 2010 at 0:36 in Commodities | viewed 122 times | 0 Comments
Feb.16.2010 The Greek crisis is unwinding slowly – too slow for the Euro. But far away from Europe, a sigh of relief is heard: The Australian, New Zealand and Canadian dollar are advancing nicely, says Yohay Elam at Forex Crunch. Catch Yohay, and TheLFB trade team on ForexTV Live. Eventually there will be a solution to [...]... (Continue reading)
Dollar, Equity, Commodity Review
Written on 17 Feb, 2010 at 0:28 in Commodities | viewed 86 times | 0 Comments
Feb.16.2010 The economic calendar revealed a strong rate of CPI inflation from the U.K., and a reduction in economic sentiment in the Euro-zone. Neither was strong enough to break and hold price ranges against the Usd. The U.S. TIC data will dominate the direction of equity trade on Tuesday, and by default will lead the [...]... (Continue reading)
Oil 4h Review
Written on 17 Feb, 2010 at 0:04 in Commodities | viewed 69 times | 0 Comments
Feb.16.2010 The technical outlook for oil is bearish, since we believe that the recent moves on Oil were part of an upward correction of a blue wave II/B, before a down-trend can continue. A corrective pattern could be an expended flat, after wave C) found a top around the 76.00 region. If the top is already [...]... (Continue reading)
Cad/Oil Correlation
Written on 15 Feb, 2010 at 22:25 in Commodities | viewed 286 times | 0 Comments
Feb.15.2010 The commodity currencies traded higher in the past week due to higher gold and oil prices with moves towards $1100 per ounce and $76.00 per barrel. 4 Hour Cad/Oil Overlay The 4h overlay chart below shows how tight the correlation between Cad/Usd (inverted Usd/Cad) and oil is now. Traders should always think about analyzing [...]... (Continue reading)
