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<title>Minyanville - Tim Thielen RSS</title>
<description>
The Trusted Choice for the Wall Street Voice
</description>
<link>
		http://www.minyanville.com</link>
<copyright>
		2013Minyanville Publishing and Multimedia, LLC. All Rights Reserved
</copyright>
		<item>
<title><![CDATA[Currencies Raise a Red Flag; Is It Time for a Pause in the Stock Rally?]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/fixed-income/articles/bonds-currencies-stocks-news-bond-market/5/14/2013/id/49799</link>
<pubDate>
			Tue, 14 May 2013 09:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/fixed-income/articles/bonds-currencies-stocks-news-bond-market/5/14/2013/id/49799</guid>
<description>
<![CDATA[Basically, we're seeing a bull market condition in equities, but none of the other asset classes are confirming this action fully.  Even with the stock charts, we're seeing great technical positions, but very poor reward / risk ratios for new market entrants.  I'm sure everyone would agree that a pullback in stocks would be healthy and welcome at this point.
 
STOCKS

US large caps remain bullish &ndash; even in their consolidation.



The US large cap space &ndash; represented above by the S&P 500 (INDEXSP:.INX) -- looks like it is just about at its next projected upside target range of 1,640.69 ]]>
</description>
<content:encoded>
	<![CDATA[Basically, we're seeing a bull market condition in equities, but none of the other asset classes are confirming this action fully.  Even with the stock charts, we're seeing great technical positions, but very poor reward / risk ratios for new market entrants.  I'm sure everyone would agree that a pullback in stocks would be healthy and welcome at this point.
 
STOCKS

US large caps remain bullish &ndash; even in their consolidation.



The US large cap space &ndash; represented above by the S&P 500 (INDEXSP:.INX) -- looks like it is just about at its next projected upside target range of 1,640.69 ]]>
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<title><![CDATA[Equity Markets Continue to Lift Despite a Lack of Clear Confirmation From Other Asset Classes]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Equity-Markets-Continue-to-Lift-Despite/4/29/2013/id/49539</link>
<pubDate>
			Mon, 29 Apr 2013 16:46:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Equity-Markets-Continue-to-Lift-Despite/4/29/2013/id/49539</guid>
<description>
<![CDATA[The equity market continues to levitate toward a test of the early April high of 1,597.35, despite the wailing and gnashing of teeth on the part of the bears. From an academic / analytical standpoint, we should be in for a correction in equities (even, as I've noted here previously, in the most bullish of long-term scenarios). However, as most of us have learned, theory doesn't always translate to riches in the market. In fact, many very high IQ types have had their dreams crushed by the market due to an insistence on the high accuracy of their analyses despite ]]>
</description>
<content:encoded>
	<![CDATA[The equity market continues to levitate toward a test of the early April high of 1,597.35, despite the wailing and gnashing of teeth on the part of the bears. From an academic / analytical standpoint, we should be in for a correction in equities (even, as I've noted here previously, in the most bullish of long-term scenarios). However, as most of us have learned, theory doesn't always translate to riches in the market. In fact, many very high IQ types have had their dreams crushed by the market due to an insistence on the high accuracy of their analyses despite ]]>
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			<item>
<title><![CDATA[Macro Picture From Currencies and Bonds Remains Bearish]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Macro-Picture-From-Currencies-and-Bonds/4/18/2013/id/49354</link>
<pubDate>
			Thu, 18 Apr 2013 15:27:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Macro-Picture-From-Currencies-and-Bonds/4/18/2013/id/49354</guid>
<description>
<![CDATA[To be clear, I am looking for bullish evidence onto which I can grasp. The reason for that is that more and more talking heads are singing a short-term bearish tune &ndash; and I like to zig when others are zagging. But, as you will see in today's article, it's hard to find much to be bullish about right now.

Before I get into the currency and bond markets, let's take a look at the current status of the US equity markets.

STOCKS

S&P e-Mini Futures indicating it may be time for a counter-trend bounce in the very short-term.

So, ]]>
</description>
<content:encoded>
	<![CDATA[To be clear, I am looking for bullish evidence onto which I can grasp. The reason for that is that more and more talking heads are singing a short-term bearish tune &ndash; and I like to zig when others are zagging. But, as you will see in today's article, it's hard to find much to be bullish about right now.

Before I get into the currency and bond markets, let's take a look at the current status of the US equity markets.

STOCKS

S&P e-Mini Futures indicating it may be time for a counter-trend bounce in the very short-term.

So, ]]>
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			<item>
<title><![CDATA[The Fork in the Road for Stocks Is Right Here, Right Now!]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/The-Fork-in-the-Road-for/4/11/2013/id/49207</link>
<pubDate>
			Thu, 11 Apr 2013 10:25:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/The-Fork-in-the-Road-for/4/11/2013/id/49207</guid>
<description>
<![CDATA[Can you hear that stretching sound?  That's the patience of the majority of risk bears out there.  All it took was a modest inflation reading out of China and FOMC meeting minutes that are somehow being interpreted as market-friendly to keep the party going in stocks.  So far, though, key currency and bond charts are still mixed in their messages. Hey, at least the messages aren't uniformly bearish!  The old saying in baseball is "the tie goes to the runner." Well, in the markets, when messages are ambiguous, "the tie goes to the existing momentum." Seemingly, it will take something ]]>
</description>
<content:encoded>
	<![CDATA[Can you hear that stretching sound?  That's the patience of the majority of risk bears out there.  All it took was a modest inflation reading out of China and FOMC meeting minutes that are somehow being interpreted as market-friendly to keep the party going in stocks.  So far, though, key currency and bond charts are still mixed in their messages. Hey, at least the messages aren't uniformly bearish!  The old saying in baseball is "the tie goes to the runner." Well, in the markets, when messages are ambiguous, "the tie goes to the existing momentum." Seemingly, it will take something ]]>
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<title><![CDATA[Bonds and Currencies Still Not On Board With Stock Market Rally]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Bonds-and-Currencies-Still-Not-On/4/2/2013/id/49026</link>
<pubDate>
			Tue, 2 Apr 2013 12:04:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Bonds-and-Currencies-Still-Not-On/4/2/2013/id/49026</guid>
<description>
<![CDATA[As always, my overall goal with my regular articles on fixed income and currencies is to provide some perspective on whether those two very large, liquid arenas are in agreement with the movements of the equity markets &ndash; in addition to pointing out some general areas of strength or weakness in those arenas off of which you can formulate some specific trades.  For a while now, the caution signals emanating from the bond and currency arenas have largely been ignored by the equity markets.  That, in my opinion, won't last much longer.  Either stocks will reverse lower or bonds and ]]>
</description>
<content:encoded>
	<![CDATA[As always, my overall goal with my regular articles on fixed income and currencies is to provide some perspective on whether those two very large, liquid arenas are in agreement with the movements of the equity markets &ndash; in addition to pointing out some general areas of strength or weakness in those arenas off of which you can formulate some specific trades.  For a while now, the caution signals emanating from the bond and currency arenas have largely been ignored by the equity markets.  That, in my opinion, won't last much longer.  Either stocks will reverse lower or bonds and ]]>
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			<item>
<title><![CDATA[Currencies, Bonds, Stocks, and Cyprus: Charts Say One More Upside Attempt Is Due]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currencies-Bonds-currency-market-fixed-income/3/18/2013/id/48781</link>
<pubDate>
			Mon, 18 Mar 2013 15:55:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currencies-Bonds-currency-market-fixed-income/3/18/2013/id/48781</guid>
<description>
<![CDATA[As you'll read below, the reprieve may be stimulating enough to turn the bulls' brief trepidation into overconfidence here in the next ten days. Right about then is when it will behoove the wise to cash in their chips. This is a conclusion I draw from my observations of the charts of currencies, bonds, and stocks.

Sometimes, the narrative falls in-line with the technicals.

Before I get going with my analysis of the currency and fixed income markets today, I wanted to piggyback on Mr. Harrison's article (the aforementioned "narrative") from last night &ndash; and try to add some technicals ]]>
</description>
<content:encoded>
	<![CDATA[As you'll read below, the reprieve may be stimulating enough to turn the bulls' brief trepidation into overconfidence here in the next ten days. Right about then is when it will behoove the wise to cash in their chips. This is a conclusion I draw from my observations of the charts of currencies, bonds, and stocks.

Sometimes, the narrative falls in-line with the technicals.

Before I get going with my analysis of the currency and fixed income markets today, I wanted to piggyback on Mr. Harrison's article (the aforementioned "narrative") from last night &ndash; and try to add some technicals ]]>
</content:encoded>
			</item>
			<item>
<title><![CDATA[Bulls Beware: Bond and Currency Charts Say It's Not a Pretty Picture Outside of Stocks]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Action-in-Bonds-and-Currencies-Failing/3/8/2013/id/48622</link>
<pubDate>
			Fri, 8 Mar 2013 15:43:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Action-in-Bonds-and-Currencies-Failing/3/8/2013/id/48622</guid>
<description>
<![CDATA[You must know by now that I love to see confirmation one way or another across asset classes before I jump in either the bullish or the bearish pools with both feet. Right now, it would be tough to take a plunge on either side. Bullish US and Japanese stocks are symptomatic of how hellbent the central bankers are to prop things up, so it's tough to be a bear. However, the fact that I see so many bearish divergences from both fixed income and currencies tells me to be skeptical of what I'm seeing in US stocks. 

Even the ]]>
</description>
<content:encoded>
	<![CDATA[You must know by now that I love to see confirmation one way or another across asset classes before I jump in either the bullish or the bearish pools with both feet. Right now, it would be tough to take a plunge on either side. Bullish US and Japanese stocks are symptomatic of how hellbent the central bankers are to prop things up, so it's tough to be a bear. However, the fact that I see so many bearish divergences from both fixed income and currencies tells me to be skeptical of what I'm seeing in US stocks. 

Even the ]]>
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			<item>
<title><![CDATA[Are Stocks in the Last Stages of This Rally or Is This Just the Beginning?]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Are-Stocks-in-the-Last-Stages/2/28/2013/id/48459</link>
<pubDate>
			Thu, 28 Feb 2013 16:19:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Are-Stocks-in-the-Last-Stages/2/28/2013/id/48459</guid>
<description>
<![CDATA[As the media convulses over the idea of the Dow (INDEXDJX:.DJI) hitting new highs, it behooves us all to keep a clear head and to formulate our investment theses with intelligence and a wide lens.

Messages from stocks are one thing. Messages from stocks that mesh with positive messages from bonds and currencies are much better &ndash; for the risk bulls out there. Are we getting such confirmations from the bond and currency markets? Today's report will cover just that.

Before I jump into my fixed income and currency material today, I want to remind everyone what my current call ]]>
</description>
<content:encoded>
	<![CDATA[As the media convulses over the idea of the Dow (INDEXDJX:.DJI) hitting new highs, it behooves us all to keep a clear head and to formulate our investment theses with intelligence and a wide lens.

Messages from stocks are one thing. Messages from stocks that mesh with positive messages from bonds and currencies are much better &ndash; for the risk bulls out there. Are we getting such confirmations from the bond and currency markets? Today's report will cover just that.

Before I jump into my fixed income and currency material today, I want to remind everyone what my current call ]]>
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			<item>
<title><![CDATA[More Upside Likely for Risk Assets, but Key Resistance Levels Are Just Ahead for Bulls]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Risk-Assets-Should-Have-Some-More/2/20/2013/id/48252</link>
<pubDate>
			Wed, 20 Feb 2013 12:42:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Risk-Assets-Should-Have-Some-More/2/20/2013/id/48252</guid>
<description>
<![CDATA[Whether I look at stock charts, bond charts, or currency charts recently, I see the same overall message: We're in for a couple of percent more of relatively uncontested upside in risk assets after which a real dogfight will occur between the bulls and the bears. A breakout in stock prices and/or Treasury yields could spur a major short-covering rally. On the other hand, a failure at resistance for stocks and Treasury yields could lead to a substantial sell-off. 

So, how does one play such a binary scenario? Watch the trading action carefully as resistance levels are approached / tested ]]>
</description>
<content:encoded>
	<![CDATA[Whether I look at stock charts, bond charts, or currency charts recently, I see the same overall message: We're in for a couple of percent more of relatively uncontested upside in risk assets after which a real dogfight will occur between the bulls and the bears. A breakout in stock prices and/or Treasury yields could spur a major short-covering rally. On the other hand, a failure at resistance for stocks and Treasury yields could lead to a substantial sell-off. 

So, how does one play such a binary scenario? Watch the trading action carefully as resistance levels are approached / tested ]]>
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<title><![CDATA[Currencies and Bonds Are Now in Unison: 'Risk Off' for the Short-Term]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currencies-and-Bonds-Are-Now-in/2/11/2013/id/48046</link>
<pubDate>
			Mon, 11 Feb 2013 16:20:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currencies-and-Bonds-Are-Now-in/2/11/2013/id/48046</guid>
<description>
<![CDATA[There were some warning signs coming from the bond markets (from EMB and JNK in particular) and certain parts of the currency markets (specifically from the Aussie and Canadian dollars) the last time I checked in. However, the euro was holding up well and the US Treasury markets simply weren't sending any bearish "risk off" signals at that point.     

Now, as I will show below, we're getting bearish (for risk assets) messages from just about all of the currency risk gauges (the obvious exception being the yen) to go along with the bearish charts for EMB and JNK. We are ]]>
</description>
<content:encoded>
	<![CDATA[There were some warning signs coming from the bond markets (from EMB and JNK in particular) and certain parts of the currency markets (specifically from the Aussie and Canadian dollars) the last time I checked in. However, the euro was holding up well and the US Treasury markets simply weren't sending any bearish "risk off" signals at that point.     

Now, as I will show below, we're getting bearish (for risk assets) messages from just about all of the currency risk gauges (the obvious exception being the yen) to go along with the bearish charts for EMB and JNK. We are ]]>
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<title><![CDATA[It's Risk On in Bond Land, but Currencies Are Sending Caution Signals]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currencies-Starting-To-Send-Caution-Sign/1/24/2013/id/47616</link>
<pubDate>
			Thu, 24 Jan 2013 14:08:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currencies-Starting-To-Send-Caution-Sign/1/24/2013/id/47616</guid>
<description>
<![CDATA[The recent poor trading in emerging markets debt (shown here recently via iShares Morgan Stanley USD Emerging Markets Bond ETF (NYSEARCA:EMB)) and now some "iffy" action in two of our key currency gauges are the first signs in a long while that aren't 100% bullish. The aggregate message from the bond charts I follow still remains bullish. However, the same cannot be said of the key currency charts I follow.

BONDS

Emerging markets debt remains troubled as it trades below resistance.


Click to enlarge

The EMB is still working to even break above the first of two key resistance levels ]]>
</description>
<content:encoded>
	<![CDATA[The recent poor trading in emerging markets debt (shown here recently via iShares Morgan Stanley USD Emerging Markets Bond ETF (NYSEARCA:EMB)) and now some "iffy" action in two of our key currency gauges are the first signs in a long while that aren't 100% bullish. The aggregate message from the bond charts I follow still remains bullish. However, the same cannot be said of the key currency charts I follow.

BONDS

Emerging markets debt remains troubled as it trades below resistance.


Click to enlarge

The EMB is still working to even break above the first of two key resistance levels ]]>
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<title><![CDATA[Flows in Currency and Bond Markets Moving Into Riskier Assets]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Bond-and-Currency-Markets-Are-Singing/1/16/2013/id/47452</link>
<pubDate>
			Wed, 16 Jan 2013 16:10:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Bond-and-Currency-Markets-Are-Singing/1/16/2013/id/47452</guid>
<description>
<![CDATA[Perhaps it's the idea that bad news is good news in terms of economic data (meaning that traders like the idea of the global central banker cabal keeping their collective pedals to the metal). Whatever the reason, the flows in the currency and bond markets are (for the most part) clearly moving out of the safe-havens and into the riskier assets. Perfect examples of this are the rise in German bund yields and the buoyancy in the US Treasury yields (despite very "iffy" action in US stocks during this earnings season).  So, that's the narrative up to this point.  Let's ]]>
</description>
<content:encoded>
	<![CDATA[Perhaps it's the idea that bad news is good news in terms of economic data (meaning that traders like the idea of the global central banker cabal keeping their collective pedals to the metal). Whatever the reason, the flows in the currency and bond markets are (for the most part) clearly moving out of the safe-havens and into the riskier assets. Perfect examples of this are the rise in German bund yields and the buoyancy in the US Treasury yields (despite very "iffy" action in US stocks during this earnings season).  So, that's the narrative up to this point.  Let's ]]>
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<title><![CDATA[Mixed Messages: The Currency and Bond Markets Are Not in Agreement]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-and-Bond-Markets-Are-Sending/1/9/2013/id/47281</link>
<pubDate>
			Wed, 9 Jan 2013 14:37:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-and-Bond-Markets-Are-Sending/1/9/2013/id/47281</guid>
<description>
<![CDATA[I always note in my articles that I tend to defer to the messages of the currency and bond markets ahead of the stock market due to the size of those markets and the type of global players in those markets. It is tough for me to remember a time in recent history when there have been so many (matching) cross currents from these very large, very liquid "truth telling" markets.  

I will jump into some individual currency trades at the end of the report. However, let us first review the "risk-on / risk-off" evidence being presented to us by ]]>
</description>
<content:encoded>
	<![CDATA[I always note in my articles that I tend to defer to the messages of the currency and bond markets ahead of the stock market due to the size of those markets and the type of global players in those markets. It is tough for me to remember a time in recent history when there have been so many (matching) cross currents from these very large, very liquid "truth telling" markets.  

I will jump into some individual currency trades at the end of the report. However, let us first review the "risk-on / risk-off" evidence being presented to us by ]]>
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<title><![CDATA[Risk On!  Risk On!  Bond and Currency Charts Are Not All in Agreement, Though]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Bond-and-Currency-Charts-Are-Not/1/2/2013/id/47087</link>
<pubDate>
			Wed, 2 Jan 2013 15:40:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Bond-and-Currency-Charts-Are-Not/1/2/2013/id/47087</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL So, last night at 11 o'clock or so, I was watching as the votes were counted electronically on the floor of the House of Representatives. I think most of us breathed a sigh of relief (at least for the short-term) even as many of us were distressed about the lack of substance in the deal that was made. I knew we would see a "risk on" day even as I watched last night. The question was / is, "Will it last for more than a day or two?"

I noted in the reports I sent out last week ]]>
</description>
<content:encoded>
	<![CDATA[MINYANVILLE ORIGINAL So, last night at 11 o'clock or so, I was watching as the votes were counted electronically on the floor of the House of Representatives. I think most of us breathed a sigh of relief (at least for the short-term) even as many of us were distressed about the lack of substance in the deal that was made. I knew we would see a "risk on" day even as I watched last night. The question was / is, "Will it last for more than a day or two?"

I noted in the reports I sent out last week ]]>
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<title><![CDATA[How Many Crosses Will It Take to Say Goodbye to Dow 10,000 Forever?]]></title>
<link>
			http://www.minyanville.com/business-news/markets/articles/How-Many-Crosses-Will-It-Take/12/27/2012/id/46987</link>
<pubDate>
			Thu, 27 Dec 2012 16:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/business-news/markets/articles/How-Many-Crosses-Will-It-Take/12/27/2012/id/46987</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL Cue the wise old cartoon owl from the Tootsie Pop commercial: "One, two, three, CRUNCH&hellip; it takes three licks to get to the center of a Tootsie Pop." (Click here for a twisted version of that old commercial.) 

We can always try to find Mr. Owl to ask him how many moving average crosses it takes for a "never look back" bull market to take hold, but we can probably find the answers a bit more easily in the charts.

A Check-In on an Old Study&hellip; 

Back in 2009 - 2010, when I was doing some joint research ]]>
</description>
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	<![CDATA[MINYANVILLE ORIGINAL Cue the wise old cartoon owl from the Tootsie Pop commercial: "One, two, three, CRUNCH&hellip; it takes three licks to get to the center of a Tootsie Pop." (Click here for a twisted version of that old commercial.) 

We can always try to find Mr. Owl to ask him how many moving average crosses it takes for a "never look back" bull market to take hold, but we can probably find the answers a bit more easily in the charts.

A Check-In on an Old Study&hellip; 

Back in 2009 - 2010, when I was doing some joint research ]]>
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<title><![CDATA[Currency Charts Net Bullish After Intervention by Global Central Bankers]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Charts-Net-Bullish-After-Global/12/27/2012/id/46952</link>
<pubDate>
			Thu, 27 Dec 2012 09:15:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Currency-Charts-Net-Bullish-After-Global/12/27/2012/id/46952</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL The US Fed and the Bank of Japan have come out recently and told everyone that they need to do more to prevent problematic scenarios from coming to fruition. You would think that the results would be stronger euro, stronger Aussie dollar, weaker US dollar, and weaker Japanese yen. While some of that is playing out as it should, the Aussie dollar / US dollar cross is not falling in line. The weekly and monthly closes that will occur over the next four sessions will tell me a great deal about the future direction of things.

Let's take ]]>
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	<![CDATA[MINYANVILLE ORIGINAL The US Fed and the Bank of Japan have come out recently and told everyone that they need to do more to prevent problematic scenarios from coming to fruition. You would think that the results would be stronger euro, stronger Aussie dollar, weaker US dollar, and weaker Japanese yen. While some of that is playing out as it should, the Aussie dollar / US dollar cross is not falling in line. The weekly and monthly closes that will occur over the next four sessions will tell me a great deal about the future direction of things.

Let's take ]]>
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<title><![CDATA[The Euro Jumps Aboard the Bull's Train, but the Aussie Dollar Is Being a Wet Blanket]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/us-dollar-euro-franc-krona-aussie/12/20/2012/id/46839</link>
<pubDate>
			Thu, 20 Dec 2012 10:36:00EST
</pubDate>
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			http://www.minyanville.com/trading-and-investing/currencies/articles/us-dollar-euro-franc-krona-aussie/12/20/2012/id/46839</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL Since my last piece for Minyanville, we've seen the S&P (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) each take out their key short-term resistance levels on a daily closing basis. We've seen the yield on the 10-Year US Treasury Note blow through its short-term "correction resistance" level like a hot knife through butter. Now, we've seen the EURUSD take out its short-term key resistance level as well. 

All of those occurrences are nice wins for the bulls. However, if risk assets are really telling us the global economy is on the way up, shouldn't a commodity-centric currency like the Aussie dollar ]]>
</description>
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	<![CDATA[MINYANVILLE ORIGINAL Since my last piece for Minyanville, we've seen the S&P (INDEXSP:.INX) and Nasdaq (INDEXNASDAQ:.IXIC) each take out their key short-term resistance levels on a daily closing basis. We've seen the yield on the 10-Year US Treasury Note blow through its short-term "correction resistance" level like a hot knife through butter. Now, we've seen the EURUSD take out its short-term key resistance level as well. 

All of those occurrences are nice wins for the bulls. However, if risk assets are really telling us the global economy is on the way up, shouldn't a commodity-centric currency like the Aussie dollar ]]>
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<title><![CDATA[Bulls Are Enjoying Better Currency Action, but How Much More Upside Remains?]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Bulls-Are-Enjoying-Better-Currency-Action/12/13/2012/id/46663</link>
<pubDate>
			Thu, 13 Dec 2012 15:45:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Bulls-Are-Enjoying-Better-Currency-Action/12/13/2012/id/46663</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL The Aussie currency crosses broke / are breaking above the short-term resistance levels outlined here in recent weeks.  They still are not in "bull market" mode &ndash; as the charts in today's report will highlight.  The Euro has yet to join the breakout party &ndash; but the (short-term) party isn't over yet.  We ARE getting a bit of a warning sign from my Franc / Krona "tell", though.  Meanwhile, bond-land messages remain short-term bullish for risk assets.  We will cover all of these areas and more in today's report. 

CURRENCIES

The EURUSD is still hasn't conquered short-term resistance ]]>
</description>
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	<![CDATA[MINYANVILLE ORIGINAL The Aussie currency crosses broke / are breaking above the short-term resistance levels outlined here in recent weeks.  They still are not in "bull market" mode &ndash; as the charts in today's report will highlight.  The Euro has yet to join the breakout party &ndash; but the (short-term) party isn't over yet.  We ARE getting a bit of a warning sign from my Franc / Krona "tell", though.  Meanwhile, bond-land messages remain short-term bullish for risk assets.  We will cover all of these areas and more in today's report. 

CURRENCIES

The EURUSD is still hasn't conquered short-term resistance ]]>
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<title><![CDATA[Risk Currencies Are 'ThisClose' to Bond's Bullishness]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/currencies/articles/Risk-Currencies-Are-Close-but-Have/12/6/2012/id/46414</link>
<pubDate>
			Thu, 6 Dec 2012 09:14:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/currencies/articles/Risk-Currencies-Are-Close-but-Have/12/6/2012/id/46414</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL Currency crosses such as the euro / US dollar have rallied beautifully for the last few months.  The damage to the charts that was done prior to the rally, however, left a lot of work to do in order for the bulls to claim victory.  The EURUSD and the AUDUSD are both trading right below important thresholds as I type this article.  If they can conquer those resistance levels, it may force skeptical bears to run for cover and fuel more of an equity rally.

CURRENCIES

The Japanese are trying to weaken their currency again to boost their ]]>
</description>
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	<![CDATA[MINYANVILLE ORIGINAL Currency crosses such as the euro / US dollar have rallied beautifully for the last few months.  The damage to the charts that was done prior to the rally, however, left a lot of work to do in order for the bulls to claim victory.  The EURUSD and the AUDUSD are both trading right below important thresholds as I type this article.  If they can conquer those resistance levels, it may force skeptical bears to run for cover and fuel more of an equity rally.

CURRENCIES

The Japanese are trying to weaken their currency again to boost their ]]>
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<title><![CDATA[Bonds Still Friendly to the Bulls; Currencies Are Close, but Not Quite There Yet]]></title>
<link>
			http://www.minyanville.com/trading-and-investing/fixed-income/articles/Bonds-Still-Friendly-to-the-Bulls253B/11/29/2012/id/46221</link>
<pubDate>
			Thu, 29 Nov 2012 13:41:00EST
</pubDate>
<guid isPermaLink="true">
			http://www.minyanville.com/trading-and-investing/fixed-income/articles/Bonds-Still-Friendly-to-the-Bulls253B/11/29/2012/id/46221</guid>
<description>
<![CDATA[MINYANVILLE ORIGINAL Since last week's article, the bullish action in emerging market debt and domestic high yield debt has continued pretty much unabated.  Meanwhile, Treasury yields continue to hover bullishly above key support &ndash; good for the bulls as well.  And, while the action recently has been great in currency land, the key risk currencies still have to conquer key resistance levels to convince the last doubters.  Let's go to the charts to view the evidence.

CURRENCIES

The euro has been a big tailwind for risk assets over the last couple of weeks &ndash; will it continue?

The euro / ]]>
</description>
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	<![CDATA[MINYANVILLE ORIGINAL Since last week's article, the bullish action in emerging market debt and domestic high yield debt has continued pretty much unabated.  Meanwhile, Treasury yields continue to hover bullishly above key support &ndash; good for the bulls as well.  And, while the action recently has been great in currency land, the key risk currencies still have to conquer key resistance levels to convince the last doubters.  Let's go to the charts to view the evidence.

CURRENCIES

The euro has been a big tailwind for risk assets over the last couple of weeks &ndash; will it continue?

The euro / ]]>
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