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Weekly Outlook: S&P 500, US Dollar & Crude Oil
S&P 500 cash (INX) - Daily Fibonacci EMAs
S&P 500 cash (INX) - Daily Fibonacci Time Cycle
US Dollar Index (DXY) - Daily
US Dollar Index (DXY) - Weekly
US Dollar Index (DXY) - Monthly Fibonacci EMAs
Crude Oil Futures (CL) - Daily Fibonacci EMAs
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As warned about for some time, EURUSD daily chart is bullish . . .
http://stockmarket618.wordpress.com/about
spelling error, should be "Weakly Outlook:" on the header
CAN/USD pair is hitting that .98/1.00 point where it usually flags a market fall down. Oil as usual to hit the CAN with a hammer and all other exported goods including food costs.
S&P isn't even a concern anymore because who is honestly trading anything in the equities space. JPM with it's twenty odd revisions in a week have "beat expectations". lol Whatever. The market is up all of 20 points, looking at PM that volume is coming in 100 share blocks in the penny sector to give the illusion of a healthy market.
GLTA if you guys are trading this today.
USD/JPY seems to have made a historic bottom and turning up. As the rest of the world raises rates ( Australia, India, China, Malaysia, Sweden etc etc etc, the countries that will be UNABLE to raise rates ( US, Japan) due to their govt debt levels - will suffer currency deprciation. Just a Theory.
I'm personally waiting for double digit rates in the high teens before I concern myself with the nominal 0.1-0.50 rate moves. Tempest in the teapot coems to mind in the miniscule movements.
Last I looked a lot of people were losing their homes at fractional interest rates (nearly free borrowed money). Why this concerns anyone is beyond me until something significant happens in the interest rate space.
So bearish then. USD noisy then up. SPX down. Crude noisy then down.