This chart really stood out to me this week.
We just saw the Australian Dollar vs the Japanese Yen close at the highest levels since 2007.
So why investors care about the Aussie/Yen cross?
Because look how it trades with commodities… [Read more…]
Expert technical analysis of financial markets by JC Parets
by JC
This chart really stood out to me this week.
We just saw the Australian Dollar vs the Japanese Yen close at the highest levels since 2007.
So why investors care about the Aussie/Yen cross?
Because look how it trades with commodities… [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Cattle futures are defying gravity.
Unlike most commodities during this cycle (pick your favorite base metal or grain contract), cattle have yet to correct lower.
Instead, they’re still hanging around new all-time highs.
Something has to give…
by JC
This is the video recording of the June 2024 Mid-month Conference Call.
by Ian Culley
From the Desk of Ian Culley @IanCulley
I’m avoiding the US dollar and interest rate chopfest.
That includes interest rate-sensitive commodities like crude, copper, and gold.
So, let’s check in with a commodity group that walks to the beat of its own drum…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Copper Springs into Action… Buyers Dig Copper… Copper, F%$# Yeah!
Those are a few titles I spitballed last night. But the markets wouldn’t have it.
This morning, the overall theme of the metals space turned on its head, trashing my bullish bias.
To be clear, I still have a favorable outlook for base and precious metals over longer time frames…
Yet we’re all forced to navigate the near-term selling pressure.
by JC
This is the video recording of our June 3rd Monthly Charts Live Strategy Session
by Ian Culley
From the Desk of Ian Culley @IanCulley
Metal and mining stocks are hanging tough.
Sure, miners aren’t flashing an overwhelming number of new highs, but they’re also not registering an alarming number of new lows.
That’s impressive, especially considering Copper’s epic false start.
While many precious and base metal stocks consolidate, let’s review the next group of mining names before they rip…
by Ian Culley
From the Desk of Ian Culley @IanCulley
Don’t let a few days of selling pressure fool you.
Despite intense gold, copper, and crude oil pullbacks, many commodity-related assets are flashing buy signals.
For instance…