British Pound (GBP/USD) Analysis Cable rises on the Fed’s increased probability of a “skip” at the June FOMC Major risk events this week: NFP, US debt ceiling fears dissipate GBP/USD technical levels to consider for a bullish continuation The analysis in this article makes use of chart patterns and key support and resistance levels. For …
FED MINUTES KEY POINTS: Fed minutes show inclination for a less aggressive approach, but there is no broad consensus The document may be stale as several members have offered updated comments about the outlook in recent days The U.S. dollar retains gains after the central banks releases the account of its last meeting, with traders …
Fed Minutes Signal Inclination for Less Hawkish Stance, US Dollar Retains Gains Read More »
Copper Analysis Recommended by Richard Snow Take a peek at our analysts top trading ideas in Q2 Leading Economic Indicator Sends Another Warning Copper continues the broader downward trend after peaking in early January this year, with the latest intra-day move reflecting bearish market sentiment. Copper is often viewed as a leading economic indicator as …
Another Warning Signal Flashes as Prior Low is Breached Read More »
Copper News and Analysis Recommended by Richard Snow Find out the top trading opportunities in Q2 Chinese Demand Slows and US, EU GDP Figures are Due This Week The outlook for copper turned extremely bullish in December as China’s Zero-Covid policy came to an end along with the stringent lockdown. The opening of the Chinese …
Copper Issues Worrying Signal to Markets on Softer Chinese Demand Read More »
‘The Fed Hikes Until Something Breaks’ We all know the saying, ‘the Fed hikes until it breaks something’ and after the hundreds of billions of dollars worth of deposits were at risk in March 2023, we have to ask ourselves if something did indeed break? While bank stocks around the globe sold-off, the bank failures …
Short USD/JPY on Fed Pause Signal, JPY Safe Haven Appeal Read More »
US Dollar, DXY Index, USD, Federal Reserve, Japanese Yen, Momentum – Talking points The US Dollar rallied in a move that snapped recent inter-market relationships Treasury yields went lower reflecting the unfurling economic headwinds If the market response to data has shifted, what does it mean for the DXY index? Recommended by Daniel McCarthy Get …
US Dollar Gains on Soft Data that May Signal a Shift in Market Perception for USD Read More »
S&P 500, Dow, Volatility, Dollar, Yields, Inflation and Recession Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 The first week of the year registered a 1.5 percent gain for the S&P 500 and -3.0 percent drop from the VIX, lining up to seasonal norms While the market’s sidled higher …
S&P 500 and Dow Break Higher Despite Strong Recession Signal, Key US Event Risk Ahead Read More »
Gold Price Talking Points The price of gold trades to a fresh monthly high ($1775) as it extends the series of higher highs and lows from last week, but the Relative Strength Index (RSI) may offer a textbook sell signal for the precious metal should the oscillator struggle to hold above 70. Recommended by David …
Gold Price Outlook Vulnerable to RSI Sell Signal Read More »
Canadian Dollar Talking Points USD/CAD carves a series of lower highs and lows as it extends the decline from the yearly high (1.3837), and the exchange rate may face a larger pullback over the coming days as the Relative Strength Index (RSI) falls back from overbought territory to indicate a textbook sell signal. USD/CAD Rate …
USD/CAD Rate Pulls Back to Generate RSI Sell Signal Read More »
S&P 500, FOMC, Dollar, USDJPY, EURUSD, Yields and Recession Talking Points: The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 After the FOMC’s hearty rate hike and a mix of divergent monetary policy actions by major central banks on Thursday the Dow finds itself on the cliff of a ‘technical bear market’ Through …
Would a Louder Recession Signal Push the Dow Over the Ledge, Reverse the Dollar? Read More »
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