Gold retreats below the 1,900 handle to its lowest level in a month Decline shows no signs of easing, while widening Bollinger bands point to high volatility Momentum indicators deep in their oversold territories, hinting at potential bounce Gold has been in a solid downtrend in the four-hour chart, violating both its 50- and 200-period […]
Nvidia stock has retreated 16% from its August record highs Uptrend remains intact, but drop under 402.00 can change that Huge earnings gap below is a clear risk if market moves lower Nvidia shares have moved sharply lower since reaching a new record high in late August. Yet, the price structure of higher highs […]
Dollar at 10-month highs, 10-yr yield jumps to new 16-year peak Dollar/yen extends uptrend, intervention risks grow Wall Street tumbles on a blend of investor concerns Dollar stands tall ahead of core PCE inflation The dollar traded higher against all the other major currencies on Tuesday and continued trading on the front foot today as […]
USDJPY marks new higher highs The current state may be close to overbought territory Bulls need a durable move above 149.00 USDJPY managed to keep a footing within a short-term ascending channel and softly rise to a one-year high of 149.17 on Tuesday. That said, the price momentum remains weak and the RSI and the stochastic oscillator […]
NZDUSD continues to hover around the 0.5920 level Last week’s key events did not result in a new trend in NZDUSD The momentum indicators have taken a back seat at this stage NZDUSD is trading lower, testing the support set by the May 15, 2022 low of 0.5920. The bears have managed to stop the […]
Tesla stock experiences a pullback from September high Dipped beneath its 50-day SMA before recouping some losses Further declines could send the price to test the crucial ascending trendline Tesla’s stock has been undergoing a solid downside correction after peaking at the 278.00 region in mid-September. Despite yesterday’s green candle, the short-term indicators are pointing […]
EURCHF jumps 1% in a week after surprise SNB pause Short-term bias is still bullish But obstacles lie ahead EURCHF has leapt higher over the past week, climbing well above its 50-day simple moving average (MA) and entering the Ichimoku cloud. The momentum indicators are maintaining the short-term positive bias as the RSI is edging […]
Gold prices have remained stable lately, even as interest rates shot higher Central bank purchases have boosted demand, offsetting impact from rates Downside risks dominate for now, but longer-term outlook seems bright Gold stable, despite ‘bad news’ Gold continues to trade with impressive resilience. Even though conditions in financial markets have turned against the precious […]
EURUSD meets key support area Oversold conditions are met, but threats remain Bulls need to drive above 1.0780 EURUSD shifted to the sidelines on the four-hour chart after Monday’s decline halted at the lower boundary of the two-month-old bearish channel. The pair remained resilient within the channel despite marking a new lower low at 1.0569 on […]
US 10-year yield hits 16-year high as no letup in hawkish Fed rhetoric Dollar powers ahead, euro and pound crumble, yen in danger zone Stocks resume decline after late rebound on Wall Street Bond market rout deepens The selloff in bond markets is showing no sign of easing as investors are dumping government securities in […]
Inflation data in the spotlight as the market prices in rate cuts The ECB kept the door open to more rate hikes, but growth remains a big thorn German CPI due out on Thursday; the euro area aggregate on Friday (09:00 GMT) Has the ECB hiked for the last time? Contrary to the other key […]
Fed lifts dot plot, adds fuel to dollar’s engines Focus turns to core PCE index, the Fed’s preferred inflation gauge Slowdown could hurt the dollar, but broader outlook remains bright The data is released on Friday, at 12:30 GMT Fed signals another hike, fewer cuts in 2024 The Fed decided to keep rates steady last […]
GBPUSD set to close the month with heavy losses Short-term risk bearish but oversold conditions evident Support could emerge within the 1.2100 area GBPUSD has been in the red almost every single week since peaking at a 15-month high of 1.3141 in mid-July, with selling forces intensifying significantly in September. The pair is 4.0% down […]
EURJPY stuck in a tight range during September Hovers a tad below 15-year peaks supported by 50-day SMA Momentum indicators are tilted slightly to the bullish side EURJPY has been in a prolonged uptrend since the beginning of the year, posting a fresh 15-year peak of 159.75 on August 31. Since then, the price has been trading […]
· US inflation could ease; will USD/JPY extend uptrend above 150 · Eurozone inflation to soften too; EUR/USD at a make-or-break point · Australian inflation to reverse higher; AUD/USD looks for a rebound 0:00 Intro 0:32 USDJPY 3:21 EURUSD 5:34 AUDUSD For more information on the topics discussed in this video, including detailed charts and […]
US 500 index posts fresh 3-month low in today’s session Bears eye the ascending 200-day SMA Momentum indicators suggest that the recent decline could be overstretched The US 500 stock index (cash) has been experiencing a strong pullback following its rejection near the 50-day simple moving average (SMA) in mid-September. However, the aggressive selloff could be over soon as the momentum indicators […]
USDJPY continues to trade in an uptrend mode, above all EMAs Looking ready to challenge the 148.85 resistance barrier Both the RSI and the MACD detect positive momentum USDJPY is trading higher today, getting closer to the 148.85 zone, marked by the highs of October 31 and November 1. Overall, the pair remains in an uptrend […]
Mood sours amid hawkish Fed, recession fears and US shutdown risk Stocks mixed after last week’s losses as bond yields near cycle highs Dollar holds firm as yen under pressure after dovish Ueda Subdued sentiment as uncertainties weigh Trading got off to a mixed start on Monday as equities and the US dollar were lacking […]
Key data releases scheduled with the market counting down to the next RBA meeting The RBA is feeling relieved after the decision to pause by the Fed August CPI (01:30 GMT) could provide some breathing space to the aussie RBA was first on the scene The RBA kicked off the busy central banks’ season by […]
EURUSD in a clear downtrend, posting a fresh 5-month bottom of 1.0614 The descending 50-day SMA is approaching 200-day SMA, setting the stage for a death cross Momentum indicators are heavily skewed to the bearish side EURUSD has been in a steady decline after peaking at the 18-month high of 1.1275 on July 18, generating a […]
USDCAD in an aggressive decline from its 5-month high of 1.3693 Dives beneath the 200-day SMA, but the 50-day SMA holds its ground for now Momentum indicators suggest more pain in the short term USDCAD has been undergoing a strong downside correction from its five-month peak of 1.3693 recorded on September 7. In the last couple of […]
Oil prices stage impressive rally, driven by a classic supply shortage This occurred despite worries of lower demand from Europe and China Risk is that US ramps up production, putting an expiration date on this rally Crude deficit Oil prices went through the roof in recent months as the market encountered a serious supply deficit, […]
Bitcoin drops 1.8% on Thursday following a hawkish a FOMC meeting Experiences a strong technical rejection at the 50-day SMA on the daily chart Cryptos expected to extend their rangebound pattern in the absence of any major catalyst Fed inflicts severe damage to risky assets Cryptocurrencies started the week on the front foot, with Bitcoin […]
PCE inflation to grab attention on Friday as Fed signals higher for longer. But markets might be more worried about a government shutdown. Eurozone flash CPIs will also be the in the spotlight on Friday. Chinese PMIs to be watched for recovery signs. 0:00 Intro 0:23 US PCE inflation and dollar 3:48 Eurozone flash CPIs […]
PCE inflation to grab attention on Friday as Fed signals higher for longer But markets might be more worried about a government shutdown Eurozone flash CPIs will also be the in the spotlight on Friday Chinese PMIs to be watched for recovery signs Will core PCE add to second inflation wave worries? The latest spike […]
Mayhem in US bond market spills over into stocks Dollar struggles to advance despite soaring yields Sterling sinks on BoE decision, yen retreats after BoJ US yields leap higher The storm in US bond markets has evolved into a hurricane, inflicting deep wounds on riskier assets such as stocks. Yields on US government bonds have […]
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USDCAD is in the red today, tests the support of the 200-day simple moving average The mixed momentum indicators complicate the outlook The SMAs’ convergence could open the door to a sizeable move ahead USDCAD is moving lower today after bouncing off the July 14, 2023 upward sloping trendline. The downleg since the September 7, […]
GBPJPY slid below 50-day SMA after BoE surprise decision to hold rates steady Remains in a gentle downward path despite today’s bounce after BoJ leaves policy unchanged Will the short-term pullback extend? GBPJPY had been stuck in a prolonged uptrend since the beginning of the year, posting an eight-year high of 186.75 on August 22. However, […]
