SamKent

SamKent

While the overall market sentiment is still pro Dollar, last week's mixed action should not come as a surprise. The dollar index is battling major resistance line on the monthly chart (wedge formation), coupled with overbought or near overbought levels on the oscillators, as well as fairly dovish FOMC minutes release. There's a fairly high likelihood for a pause...

SamKent

The S&P is showing a lot of weakness recently, it seems the NFP exuberance is dying down and reality setting in. Still too early to tell if this is a mere correction in the bull trend or a significant reversal.

SamKent

A very simple shorting opportunity (on the weekly/daily) on a highly defined 1.125 resistance level, with good r&r.

SamKent

Though The US recovery narrative continues to be supported by the overall market sentiment, the fundamentals of Gold in supply and demand terms still suggest that gold ought to go higher. Currently, gold is in a bit of a bounce back mode from the $1200 support area. The technical ABC formation, coupled with the possibility that the Fed may fail to hike rates in...