Charts

Market Context: It is fairly evident that the markets have been trading rather flat. With no clear indication on the prospects of US monetary policy, the markets have settled into ranges focusing on the macro developments. The US economy hit a rough patch with the quarterly nonfarm productivity and Friday's retail sales report both disappointing...

2016-08-15 John Benjamin Read more
Charts

Market Context: The US dollar got off to a weak start last week managed to gain some bullish momentum after Friday's job report. The dollar index was seen heading higher mid-week and gathered the momentum with the Bank of England's policy easing measures while Friday's jobs report sealed the deal. July nonfarm payrolls report showed that the ave...

2016-08-08 John Benjamin Read more
Chart set ups

Market Context: The US dollar sold off on Friday as the ICE Futures US dollar index fell to 95.52. The greenback was beaten by the BoJ's easing which was greatly short of what the markets were expecting and followed by the Q2 GDP print which showed that the US economy expanded at a meager 1.20%, just 0.1 percentage points higher than Q1's GDP gr...

2016-08-01 John Benjamin Read more