Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com.
The dollar continued its slide against the yen on Wednesday, moving within sight of a 15-year low versus the Japanese currency. Just how low will the dollar-yen go?
In my previous commentary on the U.S. dollar index published in May, I mentioned that the index, which surged in mere weeks then, was primed for a collapse due to the parabolic nature of its uptrend.
The dollar's recent strength has been explained by most market analysts as a result of the euro weakness rather than any fundamental support for the greenback. In fact, a closer look at the dollar's chart - particularly the dollar index - suggests the currency may be primed for a collapse.
The debate over where gold prices are headed has been a active one, with the bulls maintaining that fears of a slowing global economy will keep demand for the safe-haven investment strong; while the bears argue that the current price of gold, which has limited industrial use, is unsustainable in the long term.
The yen is hovering at an eight-week high against the dollar, and trading at its strongest level against the euro since 2001. But a look at the performance charts suggest it may be time to pick up the dollar-yen trade, which is showing a very strong support level between 87 and 88 yen.
China's stock markets are known for their volatility and not for the faint-hearted investors. Their movements can be rapid in either direction and hard to predict. But a close study of their performance charts have revealed some trading opportunities and the likelihood of a strong recovery.
Oil's rebound from near-$38 was fast and strong, which suggests the downward pressure on the commodity is weakening.
Caterpillar is the perfect proxy for the infrastructure build required to sustain the world economy.
The VIX is often called the fear index, and it's an apt description but often for all the wrong reasons.
It's been called Doctor Copper because the metal has long been used as an indicator of global economic health.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.