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.
Have traders missed the China rally, or does this market still have powerful running legs? Its chart indicate it's will consolidate, then take on a potentially lucrative 'stairway' pattern.
Asia has an unexpected leading market. Since stocks in the region began their rally in 2009, South Korea's Kospi index has quietly emerged as the so-called harbinger of market trends. While there are many theories why this is the case, I believe it is more useful to recognize the Kospi's role as a leader and use it to develop better trading strategies.
In my recent discussion on the prospect of the Australian dollar reaching parity with the U.S. dollar, I indicated that I will go short on the Aussie when, and if, I receive a "parity invite". Well, the invitation has arrived. Am I sticking to my guns, or will I attend as a reluctant guest?
The U.S. dollar index is not listening to the talk coming out of the U.S. mid-term elections. The greenback has continued to trend lower, now hovering at eight-month lows, despite Washington's threat to introduce a bill to pressure Beiing to revalue the yuan, in a bid to appease voters.
The term “as safe as a bank” has pretty much become an oxymoron since 2008, when the global financial crisis began. The "Basel III" announcements, already described as old generals fighting past wars, will unlikely do much to bring confidence back to the sector.
As recently as three weeks ago we remained bullish on oil. This view has now changed with a confirmation of a longer term chart pattern, with the Nymex oil chart now showing a bearish pattern.
There are some significant differences, but also similarities, in the behavior of the blue chip Dow Jones Industrials and the broader S&P 500 indices. Historically the most significant difference is in the way the 2009 recovery trend was defined.
The long and steady decline in the Australian dollar from $0.93 to $0.69 has paused and developed a significant reversal pattern.
Similarities in the patterns on the gold and silver charts mean the silver price follows the behavior of the gold price, says Daryl Guppy.
The dollar remained relatively calm while investors rushed into the safety of gold after British voters' decision to leave the EU.
Britain as an unwilling partner is just as devastating as Britain leaving, so a stay result has a similar impact to an exit result.
Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia.