With the French election now "mostly" out of the way we can refocus on the bigger picture market trends. Global equity markets remain within 4th wave corrections as they burn off overbought readings through time and not price. These corrections to date have been very shallow. The US$ is once again testing key support for our bull case while bonds […]

Headline risks abound: Donald Trump torched a couple of our near term counts last week in Bonds and PM's while he decided to launch tomahawks into Syria and tweet how the US$ was too strong. This will be an interesting presidency. This week will likely be driven by geopolitical events with the French election due […]

Important Notice: I will be travelling with the family over the Easter break starting Thursday and returning on Tuesday. I will remain contactable but my response time may be delayed. Global equity markets held our near term support last week while US$ strength continued unabated despite weak NFP numbers. Bonds rallied most of the week into […]

What a difference a week makes. The investment community was universally bearish the US$ while we were looking for a bullish turn. The Euro proceeded to reverse 250pips lower after getting within 25pips of our sell zone. Unfortunately, sell orders weren't hit and the Euro's impulsive decline never gave us a chance to join the […]