British Pound Currency (GBP/USD): A Bottom Is Lurking Nearby
The British Pound currency (GBPUSD) has been taking on water since the Brexit vote. And there has been an uptick in the amount of...
The Chinese Yuan… It Doesn’t Matter Until It Does
The Chinese Yuan (CURRENCY:CNY) or Renminbi is on the move again. But part of the reason why markets are shrugging it off is that...
U.S. Dollar Rally: A Tale Of Two Chart Patterns
The U.S. Dollar Index has been trading in a wide consolidation pattern over the last 18 months or so. Â But after the recent U.S....
British Pound Fund ETF (FXB) Finds Currency Support
Many traders make use of Elliott wave analysis because of its ability to forecast turns and reversals in a market. However its other greatest...
Japanese Yen Rally At Crossroads: Watch This Resistance!
After experiencing a very newsworthy decline from 2012 to 2015, the Japanese Yen has recovered strongly in 2016.
But the Japanese Yen rally is "running" into...
Japan Markets: The Great Keynesian Fail Of 2016?
Today, we look at the Japanese markets and their big monetary policy gamble that has yet to pay off.
Interest rates went to zero, then...
Nikkei 225 Rally Tests Price Resistance Into Key BOJ Meeting
The Japanese stock market index - the Nikkei 225 (INDEXNIKKEI:NI225) - has put together a strong rally over the past few weeks. Is this...
Global Divergence Warned Of Pullback In U.S. Bank Stocks
In May, Arun Chopra, CFA, CMT and I noted the following market divergence between U.S. bank stocks (XLF)Â and Deutsche Bank (DB).
We were concerned that...
BREXIT Vote To Clarify British Pound’s Next Move
As of this writing, we do not yet know the outcome of the Brexit vote. Even so, we expect the event to jostle the...
British Pound ETF ($FXB): Big Moves Expected Into Brexit Vote
The CurrencyShares British Pound Sterling ETF (FXB) has a 30 day implied volatility (IV) of 27.6%. This means that the options market is pricing...
