10 February, 2017 by The TZ Newswire Staff Comments Off on USD/JPY in a strong bullish rally
USD/JPY in a strong bullish rally
On the updated chart of the U.S. dollar/Japanese yen (USD/JPY) currency pair, we can see a nice and strong bullish rally taking place, from around the 111.60 level, where we labeled end of a complex correction. As such, this rally gives us an indication for a completed three wave double zig-zag correction and a suggestion that higher levels will now follow. That said for a confirmation point of view, we still want to see a break above the 115.60 level.
10 February, 2017 by The TZ Newswire Staff Comments Off on DAX: bullish to fill the gap
DAX: bullish to fill the gap
The German DAX is bullish for Wave c) which is up, as part of an expanded flat correction, which should rally towards 11807 area to fill the gap from the end of January. Usually, these gaps cause new swings, so we would not be surprised if the Index would turn bearish once the gap is filled.
10 February, 2017 by The TZ Newswire Staff Comments Off on Stock futures edge up after the financial market hits record high
Stock futures edge up after the financial market hits record high
U.S. stock index futures were slightly higher on Friday, a day after Wall Street hit a record high on President Donald Trump’s promise to unveil a tax reform plan in the coming weeks.
10 February, 2017 by The TZ Newswire Staff Comments Off on Trump Reverses Course on ‘One-China’ Principle
Trump Reverses Course on ‘One-China’ Principle
In his first phone call with Chinese President Xi Jinping since taking office, US President Donald Trump on Feb. 10 told his counterpart that his administration will honor the so-called one-China policy, a long-standing diplomatic formula…
10 February, 2017 by The TZ Newswire Staff Comments Off on ECRI Weekly Leading Index: Another All-Time High
ECRI Weekly Leading Index: Another All-Time High
Today’s release of the publicly available data from ECRI (Economic Cycle Research Institute) puts its Weekly Leading Index (WLI) at 145.6, up 0.4 from the previous week. It is currently at an all-time high. Year-over-year the four-week…
10 February, 2017 by The TZ Newswire Staff Comments Off on Low QQQ Volume a Sign of a Top
Low QQQ Volume a Sign of a Top
When investors get complacent, they do certain things. They show up as bullish in the various surveys. They bid tiny premiums on options, driving down the VIX. They put all of their cash to work, letting money market fund levels get…
10 February, 2017 by The TZ Newswire Staff Comments Off on Phenomenal Friday for crude
Phenomenal Friday for crude
The best OPEC compliance EVER! Phenomenal! Tax Cuts! Phenomenal! It is a phenomenal Friday! Not only is OPEC compliance of production cuts the best-ever per a report by the International Energy Agency, President Donald Trump is promising a phenomenal tax cut plan and that drove U.S. stocks to records and increased already increasing demand expectations for crude oil. We are setting the stage for some phenomenal moves for crude oil in a new era of phenomenal!