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Overview Of The USD Strength: Trend Continuation Or Correction?

Overview Of The USD Strength: Trend Continuation Or Correction?

Video length: 00:09:54 The EUR/USD is expected to build a bullish ABC zigzag back to the 38.2% or 50% Fibonacci levels and make a bearish turn. The GBP/USD built a triangle after its 1,000 pip decline and is in a break or bounce spot. The AUD/USD bounced at 0.75 as expected last week and is […]
Ford To Idle Four Factories Due To Slowing Car Demand, Rising Inventories

Ford To Idle Four Factories Due To Slowing Car Demand, Rising Inventories

Over the weekend we recapped some of the less than impressive moments in the recent US car industry history, which suddenly appears to be bombarded with a barrage of bad news: starting with Ford’s (F) disastrous August sales when the company admitted “sales have reached a plateau”, continuing to the surge in delinquent subprime auto borrowers hitting nearly a […]
Netflix Wallops Q3 Earnings With Big Beat, Plus IBM, UAL

Netflix Wallops Q3 Earnings With Big Beat, Plus IBM, UAL

After the bell Monday, Netflix (NFLX – Analyst Report) provided a huge Q3 earnings beat, doubling EPS expectations of 6 cents to 12 cents per share. Quarterly sales of $2.47 billion easily topped the $2.28 billion expected. Subscriber adds were the big story, typical of Netflix’s business model — 3.75 million net adds in the quarter far […]
Quiet Day Of Trading As Stocks Slide

Quiet Day Of Trading As Stocks Slide

A light volume affair across the exchanges yesterday. This market continues to remain in a limbo state where any move can come rather quickly. Major indexes are below their respective 50 day moving averages. Anything can happen under the 50 day and we are in an area where downside risks have piled up. Like the […]
Packed Economic Calendar This Week With USD Desperate For Good News

Packed Economic Calendar This Week With USD Desperate For Good News

Video length: 00:09:13 The US Dollar continues to tread water up near recent highs (in both DXY Index and USD Index), but more and more concerns are starting to emerge in the short-term. Aside from the fact that the November FOMC meeting is all but procedural – the Fed’s not doing anything in such close proximity to the election – […]