Fundamentals

Thursday Market Review: Yesterday, the United States had an automatic deficit reduction which impacted market risk aversion, causing U.S. stocks overall to fall. In commodities, gold and silver both fell due to the deficit reduction along with crude oil. In currencies, the USD went strong, and risk currencies and commodity currencies both fell.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

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,

As I mentioned yesterday, positive economic data should buoy the equity markets. Today we had CHPM and initial claims (manufacturing and employment data, respectively) come in better than analysts expected. The equity markets moved to the upside as expected and with the SPX only 7 points from a new bull run high, it was up to the vote in Washington to bring about a change of course.

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.

Wednesday Market Review: U.S. stocks were positively affected by the optimistic housing market. Dows Jones, Nasdaq and S&P all rose, at 1.26%, 1.04% and 1.27%. Mitigation of risk reduced the safe-haven of buying gold and silver, and precious metals have taking the gains of of the previous trading day. In currencies, European stock markets rose and boosted the risk appetite, risk currencies rebounded slightly, the only major non-US currency that ended lower was the yen.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Past performance is not indicative of future results

See you tonight for the IBFX 5-9 moving average webinar

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.

Whipsaw! Does anyone feel like they are being whipsawed? If you are, are you trying to jump in and over-trade this market? Remember, we had a market with record low VIX and record low trading ranges. Now, volatility has definitely increased, but why? The reasons it has increased are no different than why the equity markets rallied previously: MACRO FUNDAMENTAL NEWS that is UNPREDICTABLE.

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.

Tuesday Market Review: Yesterday's election in Italy again leads to a substantial uptick in market performance. Also, U.S. stocks were affected by the loose monetary defense testimony from Bernanke. In commodities, gold and crude both rose. Gold rose in response to Bernanke’s testimony and pushed back to 1620. In currencies, commodity currencies finished weaker, the euro fell along with other risk currencies such as the pound and Aussie, and the yen began to rise with the risk market.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Monday Market Review: Yesterday, due to the Italian election news, there was a substantial warming in market risk aversion. U.S. stocks went up after the huge fall. In commodities, gold slightly rose along with silver; crude oil remains weak. In currencies, strong risk aversion also pushed down the euro, the yen and dollar avoided the risk aversion and saw stronger performance. Commodity currencies remain sideways, and the pound rebounded slightly.

Posted By: 

Chen Jingquan

Chen is a popular Forex Analyst in China. He setup his own financial consulting firm back in 2005 and started writing financial reports and analytical papers for various Chinese financial websites in 2007. He became a famous forex analyst in 2008 and a frequent guest in various forex seminars and interviews, including exclusive interviews held by CCTV finance channel, Hexun.com, Sina Finance, Sohui Finance and EastMoney.com

Past performance is not indicative of future results

See you for the IBFX 5/9 MA crossover webinar Wednesday night

Happy Trading and Be Environmentally Cool

Coach Brian

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 was going to post an article about the SPX range. With a high of 1530 and a low of 1495. We bounced off 1495 and went right back to the middle of the range, sitting at 1515 on Friday. Today, we gapped higher - to 1522. But, headwinds, headwinds, headwinds.

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.