Market condition

A look at the New Zealand Dollar, and the economic factors that currency traders need to consider when trading the New Zealand Dollar in the world's forex markets.

Premium section news

Damiani_volatmeter zones_1.0 600+ indicator is on this page. This is the updated Damiani Volatmeter Zones indicator with ability to plot the trade/non-trade zones.

Is Brazil about to make a comeback? Yes, in spite of itself.

more...

In one month, China absorbed enough cash in its central bank to buyout well known American companies like Macys, Hasbro, The New York Times, in cash, and still have a billion dollars to play with.

more...

Australia, Japan, and US have a clear and loud message for China: The South China Sea isn't China's own sea. It's an international sea.

more...

Petrobras' total oil and gas output decreased by 2.49% in July compared to the previous month, to 2.74 million barrels of oil equivalent per day (boed). Out of this total, 2.63 million boed were produced in Brazil, down 2.59% on a monthly basis, and 114 thousand boed abroad, a 0.88% rise.

more...

Premium section news.

UniAbsoluteMarket_v2.1 600+ indicator is on this post. This is the updated UniAbsoluteMarket indicator (regular version and for using in EAs) which corresponds the latest version of the UniAbsoluteStrength indicator. The indicator is having ability to find 8 market conditions: Bull Market, Bear Market, Correction, Bear Rally, Choppy Market, Sideways Market, Overbought Market and Oversold Market.

As Forbes celebrated 100, Warren Buffett predicted the Dow will hit 1,000,000 in the next hundred years. Here's why that math isn't as crazy as it sounds.

more...

The Nikkei 225 is right in the middle of an uptrend channel that it looks quite foolish to bet against for now. The channel itself is an extension of the Tokyo stock benchmark's long, consistent rise up from the lows of late March. It probably gives us more usable clues than would a broader band encompassing all trade since that date, as it has seen more tests of both the upside and the down.

That upside now comes in above the market at 23180.6, and the upper channel bound should probably regarded as solid resistance in the absence of any clear evidence to the contrary on a daily-closing basis. The lower channel bound comes in at 22780, and should provide support on the same basis. If it doesn't, reversals should find a prop at 223222, which is the first, 23/6% Fibonacci retracement of the total rise.

Bulls have the year's peaks in their sights once again but, before they can retake them, they'll need to erase the memory of the sharp fall which took place between January 30 and February 8. The current uptrend will get them there, but it may not do so terribly quickly.

There is likely to be some consolidation before that though, if not a more severe setback. The index is still flirting with overbought levels, according to its Relative Strength Index, and would stray back into clear overbought territory now on just a modest further uptick.

more...

Histogram version of absolute strength market.