Fundamentals

Monday Market Review: U.S. stocks continue to trend up yesterday. The Dow continued its high trend, Standard & Poor's is also approaching a record high, and the Nasdaq rose 0.26%. In commodities, gold ended up slightly, and silver and crude oil ended sideways. In currencies, USD continued to uptrend, breaking an 8 month high. Commodity-currencies slowly rebounded, with the yen maintaining its weakness.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Good Evening,

The big news is the SPX just below all time highs. It seems inevitable it will test and then make new highs as the Fed stimulus continues to have its effect on keeping the bulls in play and the bears at bay. Hey, that rhymes! That should be on CNBC! Let's say it again: The Fed stimulus keep the bulls in play and the bears at bay!

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

See you Thursday for the IBFX "Retracements" Webinar!

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Last Friday Market Review: U.S. stocks and three major stocks ended up strongly after the non-farm payroll announcement. In commodities, gold was very volatile, went down to $1,561 after its non-farm payroll data then swiftly back up to $1,575. Silver was stable and crude oil went up slightly. In currencies, the USD continued to move up, the CAD also went up from the non-farm payroll numbers, risk currencies overall slightly dropped, USD set a new high against the yen.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Market Review on Thursday: Yesterday U.S. stocks continued upward, and the Dow reached a new high, Nasdaq and S&P rose 0.30% and 0.18% respectively. In commodities, gold and silver remains volatile. Prices dropped when the market closed, crude oil rebounded upward. In currencies, risk currencies by the parties boost the overall strength of the euro after the Draghi speech, while a commodity currency rally is relatively weak; the yen continued to go down, the dollar hit a new high against the yen.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Past performance is not indicative of future results

I am looking forward to next week's IBFX Webinar which will deal with retracements.

Happy Trading and Be Environmentally Cool

Coach Brian

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Good Afternoon,

I have been searching for the inter-market relationship and I found it. It was the OPPOSITE of what it had been in the past, but yet, so obvious!

First up though, the increasingly positive fundamental picture - see weekly claims today. And funny enough, you haven't heard a word about the unemployment report tomorrow as all the talk is about record highs in the DOW. As with all other "micro" economic data, I expect a downside surprise to do absolutely nothing and a good report/upside surprise to get SPX to the 1550 level.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Tuesday Market Review: U.S. markets once again rising, the Dow rose 0.89% to surpass the record high in 2007, in addition the Nasdaq and S&P rose 1.32% and 0.96% respectively. In commodities, gold slightly dropped and crude oil maintained around $90. In currencies, the overall non-US currencies callback, the Australian dollar was up after the interest rate remained unchanged.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Good Afternoon,

All time highs. Was there ever a doubt? Remember, we still have the SPX (which is chock full) of companies that are savvy, lean and performing well just below its all time highs. So another 50 points in the SPX gets you another 300-500 points in the DJI, which is well over 14,500.

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.

Past performance is not indicative of future results

I am looking forward to next week's IBFX Webinar which will deal with Retracements.

Coach Brian

Posted By: 

Brian Kahn

Brian provides regular commentary focusing on the relationships between various financial markets. An experienced trader and portfolio manager with over 15 years in the markets, Brian relies on fundamental and technical analysis to create trading plans for each and every market entry.