Currency

Spicer’s Genius Still Hidden After Hitler Comment

3 months ago John Abercrombe Comments Off on Spicer’s Genius Still Hidden After Hitler Comment
Sean Spicer defies even his most ardent supporters, carefully hiding his true genius until he is really sure he is going to need it. He continues to make his mark as the worst most interesting White House Press Secretary of all time. Everybody knows you don’t make references to Hitler unless you have a good Read More

NZD/USD Trendline

7 months ago John Abercrombe Comments Off on NZD/USD Trendline
“The break of the January-May trendline, combined with the head and shoulders top, indicates potential for Kiwi to drop below .6600.” NZD/USD has turned up and is testing the mentioned trendline from below (as resistance). Strength through this level would suggest that the breakdown earlier this month is a ‘trap’. Read More

Technical Analysis for Currency Pairs

7 months ago John Abercrombe Comments Off on Technical Analysis for Currency Pairs
The US Dollar Index (DXY) is holding up fairly well after breaking out above the 2015 highs, with a couple of different pattern sequences potentially developing. The bearish scenario we looked at looks the least probable at this time, but if important support doesn’t hold then sellers could step in and send the dollar lower Read More

Is the US Market Ready for Trump?

7 months ago John Abercrombe Comments Off on Is the US Market Ready for Trump?
With the exception of banks, which are benefiting from the double-whammy of higher rates and the perception that less regulation is coming, sectors that had big moves up this week – energy, materials and health care – are all down today. Volume is still heavy, but we will not log the twice normal volume we Read More

Seismic Shift Imminent for Continental Currency Traders

8 months ago John Abercrombe Comments Off on Seismic Shift Imminent for Continental Currency Traders
We have closed out a remarkable active month for the markets. However, some of the most prominent headlines through the past weeks don’t measure up to the hype in performance much less the potential for follow through moving forward for continental currency traders. On the one hand, we have the endless amount of ink spent Read More