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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 […]