The Yen At A Pullback Juncture
The yen is in day pulling back for a second day off two-month highs but look for the contract to find support at current levels and for its Momentum-5 List impulse to resume. The .8230-40 area is the level where the yen last blew out of a flag and the mid-point of its expansion bar from eight days a
Oil Higher Ahead Of OPEC Meeting
Oil prices are higher ahead of a meeting by OPEC oil ministers that begins tomorrow. Members of the cartel said they plan to leave the current quotas among members unchanged. By all appearances, the result of the regularly scheduled meeting will be to maintain the price “band” that OPEC
Finding The Silver Lining In 10-Day Extremes
Interested in an early tip-off to locating markets that could explode?
Where’s The Strength This Month?
Stocks have been trading on both
Method In Stalking A Low
While attempting to pick a bottom can be a difficult and sometimes painful pursuit
What A Tail Can Tell You
Strength in big-cap techs have resulted in a “tail”
A Glimmer That It Could Glitter
Tonights installment ispresented by Marc Dupee. Gold has been marked down hard and has found support atits 50-day moving average and at a key Fibonacci retracement. Look for a bounceoff support at these levels. July copper
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Napalm Triggers Bonds
The National Association Of Purchasing Managers (NAPM, often pronounced Napalm)came in below consensus and this is seen as clearing the way for the Fed to stayon the offensive in easing interest rates. The Feds next FOMC interest ratemeeting is on June 27. September T-bonds
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What’s Reform Got To Do With It?
The world, and particularly this country, has been waiting for it for at least a dozen years.
Reformism Koi-Zooms Yen Higher
Ushered in on the campaign that he is a reformist, Prime Minister Junichiro Koizumi’s economic advisory panel today recommended reform measures that could work to eliminate systemic economic inefficiencies plaguing Japanese economic reform. The panel recommended eliminating public-projects sp
This Happened Just Two Weeks Ago
A similar pattern is playing out again
Wheat May Separate From The Chaff
July wheat
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PowerRating) is rallying for a second day offlows. Wheat in Oklahoma and Kansas was damaged by hail yesterday and isfollowing through, up 3 1/2 at 268 1/4.Despite wheat trading at a contract low,