Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Coffee vs. The Brazilian Real


Since May 2011 coffee prices have been declining coincident with a steady, stair-step climb in the appreciation of the USD vs. the Brazilian REAL.

Let's notice that prior to May, 2011, during the prior bull market in coffee, from May 2010 to May 2011, the coincident relationship was the opposite-- as USD/REAL weakened, coffee climbed.

What now?

My near- and intermediate-term work on USD/REAL indicates that it is vulnerable to a significant rollover into a multi-month decline as seen below, while my work on coffee coincidentally argues that its bear phase is complete, and coffee now is "in the turn."

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!