Market Profile & Outlook

Market Outlook MONTHLY – Bullish. However fourth month higher. Overbought on this time frame. WEEKLY – Bearish. Large weekly decline engulfing last four weeks of consolidating action. DAILY – Bearish. A move below prior day’s low, however trendline support and prior highs have held thus far. Outlook becomes more bearish if we close a daily bar below yesterdays low. Dow Jones Industrial...

dwbstreet / January 28, 2014 / Uncategorized / 0 Comments

140128EUR

Dollars & Cents

Volatility remains high as U.S. equities continued the tumble they experienced over the last few days. With stocks like Ford, Yahoo, DuPont, Amgen and other many major companies reporting earnings Tuesday volatility is likely to remain high. Then on Tuesday’s heels is the Fed announcement on Wednesday which should spread higher volatility into the currency market. The EUR/USD created in interesting situation...

dwbstreet / January 28, 2014 / Uncategorized / 0 Comments

FX Economic Calendar

  Up and coming economic data relative to FX markets that may move markets this week. Date Time (GMT) Currency Description Importance Forecast Previous 01/28/14   EUR German Retail Sales (YoY) Medium   1.60% 01/28/14 5:00 JPY Small Business Confidence Medium   51.1 01/28/14 9:30 GBP Gross Domestic Product (YoY) High   1.90% 01/28/14 9:30 GBP Gross Domestic Product (QoQ)...

dwbstreet / January 28, 2014 / Uncategorized / 0 Comments

Markets In Review

(Reuters) – Emerging market equities hit a five-month low on Monday to lead a global stocks sell-off, while Wall Street failed to hold slight gains as sentiment soured.Concerns about China’s economic slowdown and its shadow banking sector, combined with expectations that the U.S. Federal Reserve will scale back its bond buying further, have put pressure on emerging markets dependent on...

dwbstreet / January 28, 2014 / Uncategorized / 0 Comments