Tags » Australia & NZ

ASX under pressure

The S&P 500 continues to test resistance at 2050, the upper bound of the broadening wedge. Rising 13-week Twiggs Money Flow suggests buying pressure. Breakout would offer a target of 2250*. 187 more words

US & Canada

Monetary Base and deflation

The Monetary Base consists of currency in circulation and commercial bank deposits at the Federal Reserve. Currency in circulation includes notes and coins both in circulation and held in the vaults of commercial banks. 211 more words

US & Canada

A quiet week in the markets

  • US stocks continue their bull-trend
  • European stocks strengthen
  • China likewise
  • ASX retraces to test support

The S&P 500 is testing the upper border of a broadening wedge formation. 232 more words

US & Canada

A leash is being thrown over the Australian mortgage monster | Macrobusiness

Posted by Houses and Holes
Published with kind permission from Macrobusiness.

This post is long but you must read it. The Australian economy faces a potential decades long turning point on events that transpired late Friday. 5,092 more words

Australia & NZ

S&P 500 bullish but Europe and China encounter resistance

Retracement of the S&P 500 respected its new support level at 2000, confirming a primary advance with a target of 2150*. Recovery of 13-week Twiggs Money Flow above the declining trendline indicates buyers are back in control. 204 more words

US & Canada

Aussie Dollar plunges

The Australian Dollar broke support at $0.8650, signaling a (primary) decline with a target of $0.80*. A 13-week Twiggs Momentum peak below zero strengthens the bear signal. 14 more words

Australia & NZ

ASX rallies while Aussie Dollar finds support

The Australian Dollar is consolidating between (primary) support at $0.8650 and resistance at $0.8900. Respect of support suggests another test of $0.89, while a failed swing (reversal below $0.8850) would warn of a downward breakout. 76 more words

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