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NZ Dollar Gets Support From Upbeat Data Deluge

Talking Points The New Zealand Dollar got some pre-Christmas cheer on Monday A raft of data from its home country came in strongly Perhaps a bit too strongly in terms of the Auckland housing market The New Zealand Dollar gained against its US cousin on Monday after a raft of encouraging data out of its […]

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US Dollar Trades into Horizontal Level from August 2015 and March

Daily Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -Focus remains towards an estimated channel top above 99.00 although I’d be aware of horizontal levels at 98.33/58 as near term roadblocks (NOW). These horizontal levels are defined by the August 2015 and March 2016 highs. There is one interesting tidbit worth mentioning […]

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Will Dow Jones Industrial Average Get Spooked From Hibernation?

Talking Points -Dow Jones Industrial Average hibernates with sideways price action -We are tracking a triangle pattern which likely resolves to the downside -This is a shorter term outlook for DJIA; Download our quarterly forecast for a longer term equities forecast. Since September 12, Dow Jones Industrial Average has gone into hibernation mode with potential […]

Fundamental and Technical 4Q Outlook: Will Markets Transition from Quiet to Active?

We have closed out one of the most subdued quarters of trading in recent memory. However, the congestion isn’t likely to last for much longer as fundamental pressure taxes the closing technical boundaries across the market. What catalysts can force the explosion and what direction will the markets take? US Dollar Q4 Forecast – US […]