Trend Following

Another Surge Upwards in The GBP?

Past performance is not indicative of future results

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,

You know how much I like Fibonacci's, so finally, we will draw a Fibonacci on the broad markets. Prior to that, let's get to the fundamentals. And.... they stink.

**Durable goods - stink.

**Claims - better than last week, but still holding well above the 350k average - stank

**CHIPM tomorrow - hovering just above 50 - stunk

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

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

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,

A quick fundamental preview:

**claims on Thursday - hovering above 375k - consistent with +200k to -200k monthly jobs created and a big reason why QE3 was implemented

**durable goods on Thursday - a measure of capital spending (big ticket items lasting 2 to 3 years or more)

**CHIPM on Friday - check out the employment and new orders sub-components.

Remember, you can access the economic calendar directly from the site using the tab above.

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

Forex trading is one of the riskiest forms of investment available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose.

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 Evening,

I am going to continue my oil and USD/CAD tirade (see previous articles for earlier discussions), but first, as always, fundamentals. Empire State Manufacturing led us off and it was...negative. So too were the employment and new orders components. I am surprised the markets didn't jump 200 points! Bank of Japan press conference and claims on Thursday are the shining stars of a rather dull week of economic data. Usually, when there isn't any data the markets grind higher. Then again, when do the markets not grind higher.

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,

A rare weekend post from me. Sorry I didn't get this to you sooner, but I feel it is important.

Fundamentally, "QE to infinity and beyond" is in play. The economic calendar is pretty quiet this week - monitor Empire Fed on Monday and Thursday's claims and obviously any central bank/monetary policy chatter.

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,

Did anyone see weekly claims today? I knew it! Well, actually, good for you because they don't matter. Actually they do matter. The worse they get the better the equity markets get. Today's claims came in above expectations - a whopping 382k. This is bad, bad, bad. If this keeps up, I am expecting a negative monthly jobs number in the near future. 

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.