With the market recently breaking above 2500, there seems to be nothing to dampen the bullish exuberance. The recent run, which has largely been focused on areas in the market with the most sensitivity to tax cuts, has exploded over the last two weeks to record highs.
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USD/CAD has been recovering since falling to 1.2064 in September. The 4H chart shows USD/CAD rallying in a rising channel up to 1.26 last week. USD/CAD 4H Chart (click to enlarge) Bullish: - In the sh...
USDJPY has been trading sideways on its long-term charts, bouncing off support at the 108.50 minor psychological mark and heading towards the resistance around 114.00 to 114.50. Price is consolidating at the moment, though, and technical indicators are hinting that a selloff could be due.
The graph above shows the operational account that the U.S. Department of the Treasury has with the Federal Reserve. This account is basically equivalent to the checking accounts individuals and businesses have with their banks. Indeed, the Federal Reserve acts as the U.S. government’s bank.
Arrows and graph line showing a distinct downward trend. Close-up of an LCD screen.The point of focus is where the arrows interset the graph. In this area the individual pixels on the screen can clearly be seen.