AUD/USD

Good Afternoon,

I reviewed the massive fundamental data week that lies ahead on Friday - please refer to that for the preview. Also, I will be conducting another IBFX Webinar on Wednesday night. I hope you can join!

Today, we saw some stabilization in the AUD/USD market, but beware of the fundamental reason why the AUD is weak.

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,

Fundamentally, we were weak across the board. Technically, is that a boon or bust for equity prices at these levels? Definitely short-term it seems to be a boon, as long as the Fed doesn't have any change of plans...Claims were well above expectations - need more data here to see if this is a pattern. Manufacturing data, which I expected to rebound was sluggish again.

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 Morning,

So with a light data week, we come to our first "technical" level in the SPX. We have 1625 as a psychological level as well as this short term trend line:

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,

Fundamentals first. And now to technicals. Why did I skip fundamentals, because finally, we have a technical level to talk about. 1600 in the SPX. I think that 3 points is close enough as we got to 1957 and change. Looks like some traders went short at this technical 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.

Good Afternoon,

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,

Fundamentals came in a tad soft today. No, I am not talking about the ADP number as that is painfully bad at estimating the government number that will be released in 2 trading days. By the way, I am sticking with my 186k estimate with a chance at printing 200k or 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.