We first stated seasonal strategy to trade British Pound in 2012. We have further refined it by applying our proprietary algorithm for entry & exit signals, improving the already impressive returns. Since 2000, our strategy has produced 63 trades – for both Forex spot contracts and ETF – with a winning rate of 71.4%. The trade has been successful nine…
USD/CHF is in the process of completing a Double-Bottom pattern. It has been hovering around the breakout level for the last couple of weeks. Now it seems to be breaking out. The pair made two near term lows – one made on March 13th (point A in chart) and another on May 8th (point C).…
Euro Zone is courting deflation and witnessing weak growth. Some talking heads on TV are wondering whether ECB President Draghi believes in data that inflation is not a threat. But on Thursday morning, ECB and President Draghi came out with blazing guns. ECB has cut the deposit rate to -0.1% from 0.0%, effective from June 11, 2014.The negative rate…
Well, in a sense. In its monthly meeting, Bank Of England’s Monetary Policy Committee voted to maintain the Bank Rate at 0.5% and the stock of purchased assets financed by the issuance of the central bank reserves at £375 billion. The Bank Rate has been at 0.5% level since March 5, 2009. The asset purchase program was…
Summer months offer good trading opportunities in sugar. As of close of June 4th, our seasonal commodity trading strategy has generated long entry signal for sugar. One can establish a long position for SB – October ’14 contract at or near 0.1704 Or one can go long SGG, iPath DJ-UBS Sugar TR Sub-Idx ETN, at…
The market closed modestly lower on Tuesday – S&P was down by -0.04%, Dow by -0.13%, NASDAQ by -0.07% and Russell 2000 by -0.24%. Yesterday, S&P 500 closed at all time high but over the last couple of days it has gone nowhere as the 15-minutes chart of June contract of eMini shows. This is just…
Rising demand for automobiles – relatively expensive durable goods – is an indication of increasing consumer confidence with their future financial prospects. With that in mind, the May auto-sales data should be comforting as it was the fastest rate since February 2007. The numbers came at 16.8 million SAAR (seasonally adjusted annual rate) units, better than…
The April US factory orders month-over-month came at +0.7% versus +0.6% estimated. The prior month’s reading was +1.1%, which was lower than the forecast of 1.5%. Overall this leading indicator of production is showing a slowing increase in the purchase orders – see chart below from ForexFactory.com.
How the business world is shaping up today: Eurozone Inflation Rate Fall Adds to Pressure on ECB France Says Mooted BNP Paribas’ $10 Billion U.S. Fine ‘Unreasonable’ Dutch Caution Stalls Banks’ $12 Billion Hybrid Debt Plan UAE Business Activity Growth in May Dips from Record High China PMIs Fuel Hope Economy is Stabilizing, Property Still…
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