Monthly Archives: April 2011

weekend update

Posted on April 30, 2011 by

REVIEW The US market started the week making new uptrend highs and this progressed into new bull markets highs into week’s end. Positive economic reports outpaced negative reports about two to one. On the positive side: New/Pending home sales, Consumer confidence, Public sentiment and … Continue reading →

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friday update

Posted on April 29, 2011 by

SHORT TERM: new day, new highs DOW +47 Overnight the Asian markets were mostly lower again. That’s every day this week. Europe opened lower and closed +0.50%. US index futures were higher overnight. At 8:30 Personal income, (+0.5% vs +0.4), … Continue reading →

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thursday update

Posted on April 28, 2011 by

SHORT TERM: market notches new highs, DOW +72 Overnight the Asian markets were mostly lower again. That’s everyday this week. Europe opened higher and closed +0.50%. US index futures were lower overnight. At 8:30 Q1 GDP came in lower than … Continue reading →

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ZARUSD – South African Rand

Posted on April 28, 2011 by

The price history of the ZARUSD illustrates another commodity related currency. We recently updated the other two commodity currencies we track: the AUD and the CAD. Of these three currencies the ZAR shows displays a massive devaluation against the USD since it … Continue reading →

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wednesday update

Posted on April 27, 2011 by

SHORT TERM: market relatively quiet after FOMC meeting ends, DOW +96 Overnight the Asian markets were mostly lower. Europe opened lower but closed mixed. US index futures were higher overnight, and at 8:30 Durable goods orders were reported higher: +2.5% … Continue reading →

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AUDUSD – Australian dollar update

Posted on April 27, 2011 by

Several months ago we posted a detailed report on the long term outlook for the AUD: http://caldaro.wordpress.com/2010/12/08/audusd-australian-dollar/. The long term outlook remains the same: a Supercycle peak between 2012 and the commodity peak in 2014. We’re counting this Supercycle bull market as two Cycle wave zigzags, … Continue reading →

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tuesday update

Posted on April 26, 2011 by

SHORT TERM: new bull market highs, DOW +115 Overnight the Asian markets were all lower. Europe opened lower but closed up 0.85%. US index futures were higher overnight, and at 9:00 Case-Shiller reported lower housing prices: 139.27 vs 140.86. The … Continue reading →

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CADUSD – Canadian dollar update

Posted on April 26, 2011 by

In December, http://caldaro.wordpress.com/2010/12/15/cadusd-the-canadian-dollar/  we posted a write up on the CADUSD. That report described the historical characteristics of the CAD from 1950 to present. It is a commodity driven currency like the AUD and ZAR. None of the long term, nor short term, … Continue reading →

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monday update

Posted on April 25, 2011 by

SHORT TERM: market consolidates after new rally high, DOW -26 Overnight Asian markets were mixed. European markets were mostly closed for the day. US index futures were higher overnight, but the market opened flat at SPX 1337. In the opening … Continue reading →

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EURUSD

Posted on April 24, 2011 by

We have written about the Euro in sections of various reports before, but this is the first report dedicated just to the EURUSD. The Euro, the currency of the European Union, replaced the ECU, a basket of european currencies, in 1999 … Continue reading →

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