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Wednesday, 31 October 2012

UUP - USD stuck in tight channel

If I had to bet on one direction I'd go for the upside. This would put more pressure on stocks. Won't take much longer until we know...

Monday, 29 October 2012

EURUSD - expect further EUR correction

based on the technical picture i hope to see a further decrease of the EUR below the lower orange line. a reasonable target might be the 38% retracement at about 1.275. The yellow line in the top right corner is the target in the medium term. In the short term I see EUR a bit weaker and in particular JPY stronger. EURJPY should be a good short...

Sunday, 28 October 2012

Coffee - should bottom out soon

A soft I'm pretty bullish on is coffee. sentiment is down and technically it looks good for a reversal. I'd like to see another little spike to the downside though first...

Saturday, 27 October 2012

USDHKD - almost risk free trade?

The HKD is a controlled currency. Since May 2005 it's trading in between 7.75 and 7.85 HKD per USD. Right now it's traded at the lower threshold. If you believe in a stronger USD in the near future go long. Technically there is no reason for the rate not to go higher...

Thursday, 25 October 2012

Housing Sector - possible correction

The housing sector is up by more than 100% from its lows in 2011. The housing index is highly correlated with the stock markets. We might see another spike to the upside. But below graph shows definitely the possibility of a bigger correction...

Wednesday, 17 October 2012

EURUSD, EURGBP, EURJPY - EUR ready for correction

In my opinion the EUR is ready for a slight correction. EURUSD and EURGBP look similar to the chart below. We might see EURJPY soon at around 101...

SP500 - short to medium term expectations

In the short term there's still some potential to go to the upside. the upper purple line needs to be broken to complete the pattern. However, short to medium term (pretty likely not to happen before the US elections) I expect the S&P to go down to the lower red line...

Monday, 1 October 2012

Miners vs Gold II

As long as we're closing (1st chart weekly, 2nd chart daily) above those two MAs I'm still supporting the outperformance of the miners compared to gold. Those two averages used to be a reliable support or resistance in the recent downtrend.