We track the major global markets each week in NFTRH and in NFTRH 568 we noted the following using a weekly chart of the Toronto Composite index. Canada’s TSX looks like it would get mighty bullish if it completes this breakout. Here’s the daily chart, breaking out and touching blue sky. Now we have a blue sky projection on the S&P 500 as well but … Continue reading Oh Canada!
An email from a subscriber prompts this mini update here at T-minus 1 day to FOMC. In response to this morning’s rate cut probabilities post Mark asked my thoughts about how a Fed ‘hold’ instead of ‘cut’ and the Saudi/oil news could affect broad stocks and gold miners. Being just a faulty human all I can do is guess like everyone else, but wanted to … Continue reading NFTRH; On Rates, Gold, Miners and Stocks
While a majority of wise guys still expect the Fed to cut the Funds Rate tomorrow, the percentage has dropped significantly, from what I seem to remember as near-unanimous in the upper 90% area to a situation where a negative surprise actually has a decent chance, according to players who are guessing the outcome as part of making their living. Now, Jerome Powell would not … Continue reading Rate Cut Probabilities Have Dropped Significantly
In case anyone still cares what these tramps are doing, here is the USD index and USD pairs with other currencies at yesterday’s close. I’ve tried to make this NFTRH chart fairly self-explanatory. Subscribe to NFTRH Premium (monthly at USD $35.00 or a discounted yearly at USD $365.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas. You … Continue reading USD Index & USD/Global Pairs
