How the Fed's Position on Big Banks will Affect the Financial Sector?

Due to recent news from the Fed's stress test on big banks, $XLF is up in premarket hours. $XLF broke out above my area of Over Supply (short zone $24.57) which indicates strong bullish tendencies for this ETF. I'm expecting $24.57 to serve as key support as we may break key levels of resistance around $25.30 in the coming months.

Let's see how the dice roll...

How High will the Pound Fly?

Despite current strength from the Pound, it still resides in my OVER SUPPLY (short) zone aiming at key levels of resistance. This a has been a weak week (no pun intended) for the Dollar, declining to key levels of support from Fed commentary. I'm expecting a pullback from not only the Dollar, but some resistance from the Pound as it still remains in a down trend from previous levels around 1.3030.

Let's see how the dice roll...

AUDUSD Looks Like the Perfect Setup

The Aussie started out this week bullish from last week's declines. I'm expecting further appreciation this week at the Dollar facing volatility from "Fed" commentary. The Fed seems to be divded over the current inflation status so let's see if this week commentary can steer markets in one direction.

Let's see how the dice roll....

GBPUSD Breaks Key Levels of Support

GBPUSD breaks key level of support as Carney signals caution for hiking rates amid political turmoil. I'm expecting further decline towards key levels of support around 1.2570ish as the bears take control of uncertainty with the Pound.

Let's see if this trend continues..

Crude Enters Bear Market?

USDJPY Battles With Key Levels of Resistance

Despite yesterday's rate hike, the Dollar still faces resistance from Trumponomics. The Dollar has been battling resistance since his incision due to his fiscal policies and expectation on a weaker dollar to compete in trade on the global market. On the flipside, the Fed has stressed in its meeting that a continous rate hike is on the board in addition to a "strategic plan" to dilute it's massive 3.4 Trillion dollar balance sheet. Yellen is expected to finish her term in Febuary so we may see the tug of war continue until then.

I'm currently eyeballing 111.25 levels of resistance until this weekend. Depending the dollar's reaction at this level, I'm will wait for a confirming candle to signal that the bears are still in control. Either way, we should have some volatility in the coming months leading into the New Year.

Let's see how the dice roll..

CADJPY Creeps Towards Key Resistance

CADJPY creeps towards key levels of resistance as crude continues to sink. This current rally is mainly attributed to Yen weakness from the Fed Rate hike yesterday. I'm expecting a pullback form 83.60 levels before further confirmation north.

Crude Tumbles to Session Lows as Inventory Builds

Crude tumbles to session lows after inventory data shows a build in stock indicating a glut in demand. Crude still resides below the "Golden Ratio" which is about $62.50 per barrel indicating we still have room for growth.

I attached the EIA report to this post

Weekly Petroleum Report

USDCAD Breaks Key Support

USDCAD just broke a key level of support around 1.3370 from CAD strength. I expecting further decline towards 1.3160 ish as the dollar struggles to find its balance.

Acadia Realty Trust Declines with other REIT's

$AKR is a REIT in the equity trust retail sector that has been taken a hit with the other major REIT's this year. In addition, institutional holdings have decreased with sold out positions scaling above new positions. As the price currently retraced to key resistance at $27.57 (61.8% Fib), I'm expecting further depreciation as this sector is expected to see a massive downside from the retail shopping sector due to the increasing online shopping arena.

Let's see how this story will play out.

Crude Gets a Boost from Inventory Data

Crude Oil gets a boost today as U.S inventory levels fell by 8.67 MMbls on May 19-26 2017 from the API (American Petroleum Institute). Next key levels of resistance resides at $49.50 as crude continues to hover above $48 levels of support.

Let's see how the dice will roll..