Greetings again, Everyone!

We are about 75 Minutes into The NYSE Open where we see The Dow and S&P 500 holding the slightest of Gains, coming off of some Accumulation that we are also seeing in many of The Major Markets and Currency Units as well.

Counter-Trend Views always enjoy this type of Price Action, where even “early” in the European Session we saw “modest Gains” in The Fiber, The Queen, and some Yen Crosses as “Bounces” came and went after my Writing of the 6:30 GMT “Currency Majors” Tech Report.

The Pacific Dollars and Crosses certainly have not been spared here as well… despite the “relative health” of The RBA and RBNZ as we check in on The Aussie and Aussie Yen… since we have used them as fine Examples of Position Trading Perspectives for months now.

Also… in a geographically related Area,  I was a bit surprised as my Good Friends in China decide to not pick up on the continual “Back and Forth” Rhetoric of the World Reserve Currency Issue. With the Chinese President departing early to deal with the very sensitive Ethnic Issues going on now… we certainly know The Idea of The RMB as The World’s Reserve Currency is rather far from President Jintao’s Mind.

( In addition… in my personal View…there are so many underlying Issues with varying Levels of The Chinese Economy and Political Hierarchy System… that I do not know where to begin… )

A Story for Another Blog Entry!

We take a look now at The Aussie and Aussie Yen on The Dailies where we can see Accumulating Activity… but it is really The Hourly Views where we see The Risk-Averse Damage done.

Give The Captures a Click as always for Various Levels with Commentary above, and Post-Time is 14:45 GMT.

The AUD/USD Daily still holds our Static and Dynamic Magenta Areas of Support and Resistance, although we can see the 200-220 Pip Depreciation over the last two Day here…

On the Hourly, a nice “Wedge” or even a “Descending Triangle” Formation is seeing Price attempt to Clip “north”… as we have mentioned earlier concerning The Majors where this “Noise” is evident in light of The G-8 and attempts at maintaining various Support Areas in most Units so far today.

The Aussie Yen Daily sees similar Price Action, with our Depreciating Correction clearly in View… and finding Superb Confluence with the July 2008 Monthly Downleg Fib Variant @ the 73.86 38.2% Area.

 My “Transitive Rollover” Areas are clear here, as they usually are in the Longer-Term Trending Environments… so it will not surprise me if we see Bullish Builds coming in here off of these Corrections.

In the interest of Full Disclosure here, most of you know these Two Units have been active Position Trades for me for Months now… but as always… I do not want to “bore you to tears” without focusing on The IntraDay Work that many of you enjoy complementing your own Trading Styles… )

Of course, we will check in with The EIA and API Crude Oil Inventories as they emerge, as well as checking on Gold… which we have not looked at in several Sessions!

I will have more Updates to come as always, so please join me!

Greetings again, Everyone!

As we had expected, The RBA Holds their Overnight Rate @ 3.0% favoring their effective 3-Month Policies of Late, although a hint at further Easing may be needed during their “Wait and See” Policy Shifts.

Price simply moves back into It’s Range between the .7950’s “Transitive Rollover” Support and the Key .8000 Daily Static Resistance Range.

Here is The Hourly View, as we have Accumulation working through “The Chop” here.

Post-Time is 7:10 GMT.

The Aussie here is also a “Candidate for The  Directionless Markets” we have been seeing, as well as most Majors as of this Writing… at least on The IntraDay Views for all of My Friends who Work on these Time-Cycles.

With the Aversion slightly and “easily” Reversed a bit yesterday concerning The Dollar, The Queen has at least showed us a bit more “Activity” in anticipation of The BoE… although this is largely “tempered” by The G-8 as well as The BoE also expected to Hold Rates as well.

What will be an interesting aspect for The BoE is the “now-classic” Will-We-Hear- More-Concerning-Future-Quantitative-Easing Arguments moving forward… that is surely The Modus Operandi of The Global Central Banks ( save largely for Trichet and The ECB… some people are just so stubborn, aren’t they?… hee hee hee…    ;-)

While The Queen is currently working through IntraDay Neutrality, She is still largely vulnerable to the Volatility we saw yesterday from The Risk-Averse Dollar and Yen. Any Expansion seen in The Purchase of Additional Assets by The BoE will see similar Pressure on The Queen… and she will once again flounder in “Her Continual English Channel Swim Analogy” that we always speak of!

A Clip through the Dynamic Uptrend Line here can see The 1.5800 Area in the Near-Term, while on “The Other Side of the fence” a Push through 1.6330’s with a Hold will be favorable to those of you with Longer-Term Views towards 1.66… again… as long as Price can remain Above and “Out of The Neutral Zones” here!

Here is The Hourly View, so give The Capture a Click for Levels.

(Also… be Mindful of Industrial and Manufacturing Production out of The U.K. @ 8:30 GMT which could surely be a “Catalyst” in their own right…)

We cannot forget about Global Decline in Oil Demand also playing a Role here… having an “Indirect Effect” on most Currency Units, thereby keeping The Dollar and Yen clearly In View.

The “Neutrality” we spoke of is clearly evident with my just-published “Currency Majors Technical Perspective” Report, as the lack of significant Conviction in our “Four Sibling” Units is seen.

(Writing-Time was a bit early for me for today’s Report, so Price Points will be different… but Overall Sentiment remains Intact.)

As always, I will have plenty of Updates to come for You… as we see if some “Catalysts” will come our way as we get closer to The G-8!

( China’s Rhetoric that we discussed in our previous Post is still a Factor here… so we will certainly monitor that Situation moving forward! )

Greetings, Everyone and Welcome to Tuesday!

We have seen what is in my personal View… a Classic Battle for the Supremacy of Indecision!

While The Dollar and Yen worked through Risk Aversion to open the New Week… the Climate quickly turned with The Euro, The Queen, and even The Pacifics ( ahead of The RBA Decision…which in my View will Hold, as will The BoE… ) gaining a portion of those gains back as The Dow and S&P 500 attempted at least some Covering to Close the Day.

Gold and Crude are still holding their Depreciation Status… so some “slight De-Coupling” of The IntraDay Perspective is a bit evident here.

“CVJ!… You are Speaking-in- Tongues again!… Are we Bullish?… Bearish?… Gold?…Crude?… Make up your Mind, Man! We have had it with your Mercurial Ways!… our long-lost Friends, The CVJ Fan Club Guys say.

( Hee hee hee… and all of you Dear Readers thought these Geniuses were on permanent Vacation!… well…. we have to have a laugh now and then, right??? )

In all seriousness here… the Indecisive nature of The Markets as a whole are indicative of the Carry-Over from the U.S. Holiday, the expectations of The G-8 and the surprising “Pro-Active” Nature of China… as well as the rest of The Asian-Pacific Sectors ( i.e. Taiwan).

Will China come through with the “Jawboning Feel” of “The Super-Sovereign” Currency to replace The Dollar Reserve?

If you ask me… the continual “flip-flopping” there reminds me of those other historical Jawboning Masters… The Bank of Japan!  

Let’s roll out The Aussie again ahead of The RBA’s Rate Decision, and we will check in as well for the 7-8GMT Blog Update as well.

Here is The Daily and Hourly View with Commentary above, so give The Capture a Click for Levels…. and Post-Time is 23:00 GMT.

The Aussie looks to strengthen on the wide-Consensus that The RBA will Hold yet again with their “Wait and See” Policy.

Even so, we still see the Range that we looked at last week, so perhaps this will be The “Catalyst” to snap through above the .8000 Handle in the Immediate-Term.

Our Longer-Term Uptrend Line here on The Hourly will certainly come into Play for more Clarification as well.

As always, I will be with you around 6:30 GMT for the early “Currency Majors Technical Perspective” Report and a Blog Update to follow, so please feel free to join me then!

Greetings again, Everyone!

Our thought on The Fiber earlier certainly took shape, as Risk Aversion and Dollar and Yen Strength continue on to begin our Week.

While The Majors find Depreciation, The Pacific Dollars are at least locked in a bit more “Definable” Consolidation.

Here is the Hourly View of The Aussie and The Kiwi, so give them a Click as always for various Levels of Reference.

Post-Time is 6:30 GMT.

The Aussie finds Dynamic Support at the .7900 Handle, and a significant Breach through to at least the .8000 Handle is needed for any Solid Bullish Sentiment moving forward.

( We hold the same “General Areas” of Support and Resistance Transitive Rollovers on both Units here… )

In a similar Fashion, The Kiwi also needs a “Lift” through to the .6370’s in the Immediate-Term, or we may simply remain Range-bound moving forward.

We have the “Indirect” Aspect we talk of so often, with The Aussie and The Kiwi not feeling as much “Pain”, per se, of The Majors themselves.

For an Immediate-Look at the “Angular” Price Action of The Majors, The “Currency Majors Technical Perspective” Report was just published…. and as always more Update to come as we begin our Week!

Greetings Everyone, and A Fine Sunday to All!

Writing-Time is 7:30 a.m… so 14:30 GMT.

We move away from all of the quasi-political Rhetoric, as all of you know I can only do those Thoughts in small doses… this is not a Political Blog and being largely “Apolitical” myself… there are about 12 million other Venues for Political Views.  

Since it is about 4000 Degrees here in Phoenix already, thoughts of the Water and Surfing come to mind… so let’s have a look at our “Unit of Surfdom”, The Aussie!

We have seen significant Correction and Volatility on The Unit is the Near and Immediate-Terms, despite the fact that out on the Larger-Views, The Pair is Range-Bound and locked in Consolidation.

On The Daily View, we see a Clear Range between the .7780’s and the .8260’s as Price remains “trapped” at the Mid-Point as of this Writing.

A Climb or Fall to either Level will see corresponding Bearish or Bullish Builds as long as each Area Holds with relative Ease.

The Key will be the Observance of how Price BEHAVES at either Level… does It shoot right through?… or will it hover around with little Momentum Propulsion?…

The Hourly View sees the potentially Corrective “Cluster” Area that may be Seen for Bullish Builds… as Price currently consolidates and “Adheres” to the Transitive Rollover Area of the .8070’s Dynamic Support.

A Clean Break of the .7020’s/40’s could see the .7800 Handle with relative Precision, just as a Break of the Inner-Uptrend Line may see Bearish Builds enter if the .8120 Resistance Holds and Price falls for The Hourly Double-Top.

So while the Waves are “choppy” with Consolidation… A Clean Correction holding at the Mid-.79’s and a Clean Clip of .8120 could see a nice Wave for Surfing towards the Sydney Beaches at the .8300’s !

Have a fine Sunday, Everyone… and please join me later for The Sydney Open as we work into another interesting Week with NFP on the Way, The ECB, as well as the shortened- U.S. Holiday Week!

See You Soon!

Greetings again at The NYSE Close, Everyone!

We saw The Equities and Bonds pick up steam for a Rally, as Treasury Auctions bode well for another Bullish Day overall.

In the same Fashion that we look out in the Macro-Views with Currencies and see large Bull and Bear Flags… we can also see the same on The Indices as well.

The “Bear market Rallies” still appear Valid on the Longer-Views… as The S&P 500 looks rather “Heavy” and we may see perhaps the 880’s/870’s in the Near-Term.

This will prove to be Dollar Positive, as The Dollar Index works a Tight Range of 79 to 82 or so… as we contemplate Bullish Weakness… or simply are cognizant of the Fact that at these Levels… Bullish Builds may come back in to resume Trends and further weaken The Dollar and The Yen.

As always… We have Two Scenarios here to be Mindful of!…

The Aussie provide a fine Illustration of a Unit that behaved “In Concert” with prevailing Trends of late on the IntraDay View.

Give the Capture a Click for the “slight Bullish” Behavior… while still being “caught” in a significant 160-Pip Range of accumulating Consolidation.

The Dynamic Trendlines provide Support as Price moves above the .8000 Handle again… and looks to Maintain the Area as a New “Transitive Rollover” Area.

The Asian-Pacific Bourses picking up on The Equity and Index Work of New York may use the opportunity to  push The Unit lower, put Strength back into The Dollarm, and see the50% Fib Variant Confluence here with the Dynamic .7930’s Support.

As always…please join me again as we move into tomorrow in a few hours for Friday’s Blog!

See You Then!

Greetings again, Everyone!

We are about 90 Minutes into The NYSE Open, as Equities and Indices are trading higher to start today’s Session.

A boost in Crude Oil Appreciation sees Price providing Momentum for general Dollar weakness, as whay seems to be a “Seasonal Occurrence” with The Niger Delta Attacks… this time on a on a Shell Pipeline… and continued Issues with Iranian Elections provided the “Catalysts” needed to throw The Back Gold above $72 for a moment… as Price now looks to a potential Hourly Bull Flag Formation.

Our Aussie Yen Example came to Fruition as well from our 8:00 GMT Blog Update, which assuredly has some “Bleedout” from The Aussie Dollar Itself… and The Queen takes off on Rhetoric from the International Monetary Fund’s increasing “Presence” on the Global Economic Scene, and Global Growth Estimates being revised “North” by about 2.4%.  Mervyn King also checks in with The U.K. “rate of Economic Decline” is flattening and Basing… which also helped to provide Support for The Pound.

Here are The Hourly Views of The Queen and Aussie Yen with Commentary above, so give the Captures a Click for various Levels.

Post-Time is 15:45 GMT.

 With a push through the 1.6440’s “Transitive Rollover” Resistance-becoming-Support, Price for The Queen now sees the 1.6500 Handle In Sight if 1.6477/80 Dynamic Resistance can be Clipped in the Immediate-Term. Otherwise, a return to “Re-Test” the 1.6400 Handle through 1.6340’s again may Hold Price for the remainder of The Day in this tight Range.

The Aussie Yen also looked for Appreciation, as Price Appreciation still looks to Clip the 78.20 Dynamic Magenta “Range Resistance”, and move towards 78.50’s through the “Confluence” Resistance/Uptrend Line/ Weekly 50% Fib Variant of the Weekly July2008 Downleg. 79.90 acting as Dynamic Support may provide Buoyancy for the rest of Today’s Session, as Accumulation may begin going into The Weekend.

Of course…I will return with more Updates as The markets deal with moving into The Weekend and the parallel Volatility from “Quadruple Witching” in The Equity Options, Index Options, Futures, and Futures Options that we mentioned briefly on one of Wednesday’s Posts!

I hope to see Everyone Soon as we move along!

Greetings once again, Everyone!

With Negative Retail Sales Clipping The Queen to the Downside, and slightly “Better-Than-Expected” U.S. Jobless Claims, Leading indicators, and The Philly Fed… we still have The Dollar eclipsed by not being able to really take advantage of that Data.

This is due to a few general Factors that we have been seeing in my personal View… such as the subtle Appreciation in Oil and Gold, and especially The Continuing Claims fell and is assisting a bit of Risk Appetite returning to The Markets in general.

While Appreciation has been Seen at the Expense of The Dollar and The Yen, we may simply be defining “New” IntraDay Ranges here unless Exchange Rates can Hold and Continue above their Respective Resistance Levels moving forward.

We check in once again with The Aussie, and bring in The Euro Swissy from a long “Blog Vacation” as well.

( Our Communications Manager and Webinar Moderator, Maud Gilson, will be pleased with this Pair from “The Chocolate Wars” Posts a few months back…

Here are The Captures for Various Levels of Reference and Commentary above… so give the Captures a Click, as always.

Post-Time is 14:45 GMT.

The Aussie receives a “Snap of Support” in our Cluster-Area from yesterday’s Posts, as Price Clips the Dynamic .8000 Handle Resistance and attempts to move towards .8070’s Static Resistance in the Immediate-Term.

A Clearance of The Area with a Hold of “Transitive Rollover” Resistance-becoming-Support will complete a “Loose” Double Bottoming Formation from .7870’s Dynamic Support behaving with “Basing” Sentiment.

The EUR/CHF is riding the Direct Intervention of The Swiss National Bank as well as The Bank of International Settlements scooping up Euro Swissy after the SNB Meeting… as The SNB Itself seeks to Buy Swissy Bonds having a Direct Correlative Effect on clipping Swissy Strength against The Euro and The Dollar.

Price is prepared to Clip Static Resistance right at the 1.5120’s Area coming off of the Deep Beak with the Macro-Activity two Hours prior. Having the previous Momentum still “Built-In” to Price… Appreciation “north” to the 1.5220’s Resistance is possible… although a Visit back to previous 1.500’s Support is more ”Favorable” in the Immediate-Term. 

Of course… Please join me for more Updates as we move along, and see if these “new” Range-Areas do, in fact, develop… or if we simply see Rejection or Resumption of the overall Macro-Trends!

I hope to See Everyone Soon!

Greetings, Everyone and Welcome to Thursday!

While we work with all of the Macro-Data, Inflationary Talk, Jawboning Rhetoric for or against The Dollar, Range-Bound Markets, Gold and Oil leading or lagging The Dollar and Equities… and last but not least… Your Dog barking at The Moon!… We always have Pure Technicals to guide us in our Trading Decisions.

Most of you know me by now and realize my enjoyment of Fundamental Data and Event-Risk Concepts… but at heart… I am truly a Technical Guy!… Really!

I try to keep things rather clear and straightforward in The Blog concerning Analysis, and will use a lot of “Sentiment” Concepts as well to reinforce Clarity.

With that being said, let’s take a look at The Aussie and The Loonie, as we throw in Gold and Oil for some Correlation Ideas as well.

These two Units have such a direct relationship to Gold and Crude Oil, as we all well know, that it is necessary to understand their Correlations will wind in and out of each other all the time from an IntraDay Perspective.

It is important to realize that each Unit here must be accepted on Its own Merits and Characteristics, and simply not “assumed” to always be in Complimentary Correlation all the time.

( In these Cases… “Complimentary” being Oil and CAD flowing “Inversely”… and Gold and AUD flowing “In Tandem”…)

Here are the Hourly Views of all Four Units, so please give The Captures a Click for Various Reference Levels.

Post-Time is 2:00 GMT.

As we can see across ALL of these Units… we have IntraDay Consolidation.

At this point from a “Trading Perspective”… we may simply use standard Support and Resistance Strategies to work within The Ranges as long as no Clear Breaks above or below The Outliers are Seen.

My Commentary is sort of “subversive” here… as my entire Point is to really emphasize how “Clear and Effective” Simplicity can be!

Technical Analysis can be as deeply Complex as you wish… and I can keep up with most… but is it really Necessary all the time to have Charts that are so busy… with such complex Commentary… that you do not even know where Price is?…

I thought these Four Units would be fine to Illustrate these general Points in how we “See” these Markets Day In and Day Out.

Sometimes… Simplicity truly is Better.

As always, please join the somewhat- ”Jekyll” Side of me around 6:30 GMT for some Immediate-Term Analysis of The Four Majors with The “Currency Majors Technical Perspective” Report… to be followed by a “Real” Blog Update for all of You!… as opposed to my little “Lesson” here…

I hope to see all of You then!

Greetings Again, Everyone!

The Risk-Averse Dollar and Yen are now moving into Accumulation to Consolidation from the IntraDay Perspective, as Exchange Rates begin to slow and ease.

We move straight into The EUR/JPY from The Yen Perspective… and The AUD/USD from The Dollar Perspective.

Give the Hourly Views a Click as always… with Commentary above, and Post-Time is 7:00 GMT.

The Euro Yen finds a Bounce into Consolidation at the 132.60’s Static Support Area, as Price looks to the Immediate-Term Resistance at the 134.00 Handle. A Breach of the Support Level sees the 131.70’s and 131.40’s Support Areas in the Near-Term… while and Upside Beach sees the 135.00 Handle to Hold the Correction.

The Aussie sees Consolidation generally caught between the .7900 Handle and the .8000 Handle with even a “tighter” 50-Pip Range to .7950 as well. Price needs to clear the .8090 Resistance Area to regain Bullish Sentiment in the Near-Term… other Bearish Views look to Depreciate Price through the .7820’s and onto the .7750’s in the Near-Term.

For further Detail on how The Majors are working in these Consolidative Zones, here is the just-published “Currency Majors Technical Perspective” Report, and as always… I will certainly have more Updates as we move along!