USOIL rebounded a bit after dropping 4.6% the day before. The market moved higher despite the US Energy Information Administration reporting a substantial rise in oil inventories (8.8-million barrels). This…Read More

Gold moved to my upside target of 1710 after it broke above the key resistance area I talked about yesterday. If you want to trade gold (or any other market)…Read More

I said yesterday that buyers need to step in at or above the 1710 level or my alternative scenario from the day before yesterday (see here) would be more likely…Read More

GBPUSD is deeply oversold and even though it’s still in a daily timeframe downtrend the downside is probably getting limited. Against this backdrop, the recent strength in the 4h chart…Read More

EURUSD is breaking below a sideways range (0.0099 – 1.0090) it has been bound in since August 23d. If the breakout is decisive the market could move to 0.9760 which…Read More

The ultimate health check for the US job market, the NFP report didn’t deviate from market expectations.  The economy created 315 thousand new jobs in August. This was yet another…Read More

In July the US payroll growth was a staggering 528K beating the forecasts (250K) for the sixth time this year. Economist consensus has been remarkably conservative throughout the year. Now…Read More

Gold, DJ and DAX have all rallied higher today and moved out of bearish trend channels in intraday charts. This price action suggests the markets are anticipating a weaker than…Read More

Dow traded lower and hit both my T1 and T2 downside target levels yesterday (at 31850 and 31670 respectively) as recent Fedtalk kept the bids soft. Fed bankers have stressed…Read More

DJ hit my first target level (32290) yesterday but was much weaker than DAX. The market made a new low for this week. The market is trending lower in the…Read More