Monthly Archives: August 2015

Cash In On Aussie Rebound After China Meltdown

Since the middle of May, AUD/USD has maintained a strong bearish stance that accelerated last week after the China stock market crisis.  The financial meltdown and global equity rout was alleviated after the PBOC intervened with equity purchases.  With the

Posted in Posts

Today’s Trading Edge: EUR/GBP – rebound resumes but stalls at 200-day SMA

The euro strengthened against the British pound but continues to respect both the 200-day SMA and a bearish butterfly pattern. Sterling is trading weaker today against its major trading partners with the exception of the commodity currencies. Price action on

Posted in Posts

Today’s Trading Edge: Gold struggles to stabilize as stocks rally and the dollar firms up

Gold prices are lower for a fourth consecutive day as the rebound with equities and the U.S. dollar continue. The precious metal was also unable to rally after Federal Reserve Bank of Kansas City President Esther George’s comments about a

Posted in Posts

China Panic Rollercoaster: Profit With The VIX

With many key money managers away on vacation, world stock markets continued to plunge as the PBOC disappointed markets by not delivering a much anticipated rate cut over the weekend.  The CBOE volatility index, also known as the VIX, is

Posted in Posts

Today’s Trading Edge: USD/CHF correction still underway

USD/CHF started the week lower as stocks continued to plunge in Asia.  Risk off appears firmly in place and this currency pair may remain flightless if we continue to see the major indexes selloff for a fifth consecutive day. Price

Posted in Posts

Today’s Trading Edge: EUR/USD tentatively forms bearish butterfly pattern

Last Thursday, I identified a bearish ABCD pattern that has now evolved into a bearish butterfly pattern.  Price is now in the middle of a strong three-day rally that just breached above the psychological 1.13 handle.  If we see one

Posted in Posts

Today’s Trading Edge: Oil sinks on China slowdown fears

Oil prices continued to weaken and make fresh multi-year lows as concerns grow for the Chinese economy.  Over the last 10 years, China has been responsible for 45% of the total growth in global oil demand.  As China slows (GDP

Posted in Posts

Today’s Trading Edge: NZD/USD – short-term technicals remain neutral

The New Zealand dollar continues to trade in a narrow range against the U.S. currency.  Yesterday, the kiwi rallied after a better than expected Global Dairy Trade report.  The bi-monthly reading printed at 14.8%, much improved from the prior -9.8%

Posted in Posts

US Stocks: Tesla, A Long Term Buy

Shares of Tesla motors received a nice bump after a massive price target increase from Morgan Stanley.  Morgan Stanley analyst, Adam Jonas increased his target from $280 to $465.  His note anticipates a new business for the electric car maker

Posted in Posts

Today’s Trading Edge: Gold on the verge of another major rally

Gold prices dropped on Thursday and Friday after price respected a bullish butterfly pattern that signaled a rally from the $1,072.30 low to $1,126.30.  The retracement may just be some profit taking and thin conditions.  The precious metal fell to

Posted in Posts