An earlier call on the dollar has not been realized so it is time to take a fresh look at the charts on the greenback, Daryl Guppy says. » Read More
The charts show that euro-yen enters a variation of a double-bottom pattern used to set a new long-term upside target. » Read More
Why does the Shanghai market rise and fall so rapidly? » Read More
How safe is the euro? That's tied to another question: Who will win the French presidential election? » Read More
The Japanese earthquake, tsunami and nuclear plant problems have inflicted a massive human toll. The effects will continue in the Japanese market for months and years to come. At the time of the Kobe earthquake in 1995 the Nikkei was in a much strong position than it was in 2011, prior to the current earthquake.
Which is better – gold or silver? Often consigned as an industrial metal with limited value, silver has outshined gold in the past 18 months. Between July 2010 and January 2011 the COMEX silver futures price rose by 72 percent from $18.00 to $31.00. Silver outperformed gold by more than three times and it continues to do so.
Oil continues to be the front and center of investors' focus this week, with nymex crude surging beyond the $100/barrel mark as unrest in the Middle East sparks concerns about possible supply disruptions.
It has taken 16 months, including a significant retracement, but the Nasdaq has added more than 100 percent since the 2009 lows. It’s an excellent performance if we ignore the pullback from 2550 to 2100 in the middle of 2010. The key question whether the index continue its runup, or if another significant pullback and consolidation are a higher probability.
South Korea's benchmark index has been an important barometer for the rest of Asia's markets, so a recent fall below the trend line of the Kospi is significant.
There are two conclusions we can draw from the chart.
The price of oil is rising and it is unwise to dismiss this as a result of the increase in tensions in the Middle East. These political problems have added to the upside pressure, but the oil price uptrend had already been set. If, or when, the political problems are resolved, uptrend is expected to continue, according to the charts.
U.S. dollar down, gold up. Right? It's simple and common investment axiom. But guess what? It's been absolutely wrong for more than two years.
The Nasdaq has been the leading indicator of the U.S. equity markets since March 2009, when the economy began its recovery. The Nasdaq leads and the Dow follows. So it may be worth checking the Nasdaq chart for clues on where the Dow may be headed.
India's stock markets have taken a beating this month, after chalking decent gains in 2010. The 25 basis points rate hike by the Reserve Bank of India on Tuesday didn't help sentiment either. The seventh consecutive rate increase is stoking fears that the tightening could hamper economic growth.
So has the market's upward momentum been derailed? And is the change in direction long term or is it just a bump on the track?
A look at the benchmark Sensex's chart show two features which suggest a temporary derailment.
Since their remarkable recovery in 2009, China's stock markets have since been characterized by a long drawn-out sideways movement punctuated by rapid rallies and equally precipitous falls. Many of these have been initiated by changes in Government policy, particularly in relation to changes in interest rate and bank reserve ratio policies.
The Government has been applying the classic Chinese strategy of 'pulling-the-firewood-from-beneath-the-cauldron'. This is done by deliberately removing the heat from the market by pricking speculative bubbles without creating a general market collapse and managing the need to re-orient an economy that was too dependant upon exports for growth.