Tag: dollar

Daily Video Update: Bull market or bear market, the Trade Triangles show you the way

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 27th of July.

At the moment there are lots of conflicting economic signals coming from Europe, the United States, and China. So, what's an investor to do and believe in? We have always found that the answer for us rests in our Trade Triangle technology. Not only will the Trade Triangles keep you out of non-trending markets, i.e. the current stock market, but they'll also get you in when the trend becomes strong. That's when you want to be in that market and that's the time to make money. So don't worry about what the rest of the world is doing or not doing, trust in MarketClub's non-emotional Trade Triangles. Continue reading "Daily Video Update: Bull market or bear market, the Trade Triangles show you the way" →

Dollar Losing Ground Vs. Euro After Draghi's Comments

Posted on by The INO.com Team

(RTTNews) - The dollar has pulled back against its major European competitors on Thursday, following comments made by Mario Draghi in defense of the Euro. The comments also sparked a rally in European stock markets and the Spanish 10-year yield dropped more than 30 points to around 6.82 percent, after climbing to a record 7.60 percent earlier in the week.

The European Central Bank President Mario Draghi on Thursday said the bank is prepared to take whatever measures needed to preserve the euro. "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro," he told an investment conference in London. "And believe me, it will be enough." Continue reading "Dollar Losing Ground Vs. Euro After Draghi's Comments" →

Daily Video Update: "It's the economy, stupid"

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Friday, the 20th of July.

"It's the economy, stupid" is a slight variation of the phrase "the economy, stupid" which James Carville had coined as a campaign strategist of Bill Clinton's successful 1992 presidential campaign against sitting president, George Bush. Fast forward to 2012 and it's the economies of the world that are stupid and on the skids.

We are coming to the end of the week and it looks like once again the Euro is on the ropes. Watch this market closely today, as it may provide an excellent weekend rule, short trade. The most recent lowest weekly close for the Euro was 1.2212 and that was eight weeks ago! A close below that level today should put downside pressure on the Euro on Monday and Tuesday.

I would also watch the banks closely. The lowest week ending close we have seen in Bank of America was 7.01 on the trading week ending May 19th. A close below that level today will bring in another round of renewed selling. Continue reading "Daily Video Update: "It's the economy, stupid"" →

Daily Video Update: Like an addict, the market needs another fix!

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 17th of July.

Like an addict, the market needs another fix and the drug pusher of choice is, of course, Ben Bernanke and his QE pills. The question on trader's minds these days: is the market going to receive another QE3 fix soon? Or are the markets just going to get the shakes and move back to the downside? A QE3 pill is needed if this market is going to get high again, on the upside.

It's very debatable as to whether the Fed and Bernanke have any more pills to sell. If Bernanke is out of pills, then this market will have to go cold turkey. The market will have to survive on its own strength and weaknesses and not some drug induced quantitative easing.

As for MarketClub, we will let the markets and our Trade Triangles do the talking. Continue reading "Daily Video Update: Like an addict, the market needs another fix!" →

Daily Video Update: New week, same old problems

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Monday, the 16th of July.

As we start this new trading week, we still have a myriad of problems that haven't gone away. This morning, Citi Bank announced their earnings for the second quarter. Earnings exceeded expectations, but fell short on revenue.

Technically, the banks are locked in a broad trading range and we are at the upper levels of that range at the moment.

Disappointing retail sales this morning underscore the still fragile psyche of the American consumer. Consumers continue to struggle with the uncertainty of the upcoming elections. At the same time, the world economy continues to muddle through fiscal austerity that is going to infect Europe and the markets for sometime to come. Continue reading "Daily Video Update: New week, same old problems" →