Below housing index reached the 50% retracement of its last major drop...might be a good time for a consolidation. stocks are usually highly correlated...
Saturday, 22 December 2012
Cocoa - bearish in the medium term
despite the recent drop i'm still expecting lower prices of at least around 27 in the medium term...
Thursday, 20 December 2012
Gold and Silver
Technically Gold and Gold miners are ready to zoom up again; Silver has still a little step to go downwards. Additionally higher volume often indicates reversal points. Let's see...
Sunday, 9 December 2012
JPY - still very bullish
I was a bit too early with my call last time on JPY. Now the technical setups improved a lot and my opinion is still the same. JPY should be ready for a major bounce to the upside soon. Most of the major JPY currency charts look like the one below. I actually expect NZD/JPY to cut through the lower light blue trend line in the medium term. NZD/JPY used to be highly correlated with equities. We might enter a risk-off phase soon again?!
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