It's only the middle of the year, but we've already seen quite a lot, even for the seasoned investor.
The Swiss National Bank (SNB) kicked off the ball in January for what has proven to be a nightmare year thus far. It's caused a lot of tears and fears among investors, some of them went bankrupt in one day after it let the franc go.
Greece and it's possible leave of the single currency zone has been dubbed the "Grexit." It's added turmoil to the markets over the last month with currencies crosses opening with gaps on the last two consecutive Mondays. The single currency zone has never been so vulnerable from the day of its launch, as Greek precedent can find followers and bring Germany a lot of headaches furthermore.
The United Kingdom also played its role with the Queen's speech this May containing words of possible divorce with the European Union in 2017, which was named "Brexit" (Britain's exit) a la Grexit.
All of the cases mentioned above are episodes of the world currency war and the first prey of it is the European single currency that has been damaged a lot. Continue reading "Year Of Shocks: Which Of The Safe Havens Saved The Most?"
For the Week of May 13, 2013
By: Don DeBartolo
The GBE Trade Spotlight advisory service applies the GBE trading methodology (buying or selling commodity contracts based on breakouts of chart formations and technical indicators) to identify one to two trade setups per week.
Highlighting This Week’s Potential Breakouts:
June 2013 British Pound
The June 2013 British Pound futures contract closed below a lower trend line on Friday. There are touches on the trend line at 1.4823 (3/12/13), 1.5027 (4/04/13), and 1.5192 (4/23/13). The Trend Seeker (a US Chart Company tool to help identify market trend) is Neutral. The MACD, a trend indicator, is bearish and above the baseline. Although MACD is bearish, until the Trend Seeker changes to a Downtrend, there is no entry trigger confirmation. Continue reading "Beyond the "Spotlight""
If you didn't make money this month then you weren't watching our Trade Triangles.
See how we did in three major markets (my new video).
Continue reading "If you didn't make money in May watch this video"
British Pound Update
Taking another look at the British Pound.
On May 8, I produced a video which gave a detailed analysis of the British pound (GBP) versus the US dollar (USD). At that time I expected the British Pound to continue its gains against the US dollar. In today's video I will revisit GBP/USD cross to see just what has happened to this market.
I strongly recommend you take a look at my earlier video. Here is the link before watching our new video.
As always, the videos are free to watch and there's no need to register. I would love to get your feedback about this video and your own predictions about this market on our blog.
All the best,
I last looked at the British Pound (GBP) on April 8th, and produced a short video explaining why I thought that this market was ready to move.
See my earlier video here.
When I got back from my two week holiday in New Zealand, I thought it was only right to look at the British Pound again.
New video on next page
Continue reading "British Pound, Making Moves?"