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DXY sure looks like it is consolidating for another leg higher as EUR breaks down: AUD has little head and shoulders top:Gold held on. If oil is forming an uptrend then pain is the name of the...
Jay Powell did not rock markets as he acknowledged more strong data can imply a higher peak rate but still appeared to be hanging on to the disinflation story. The dollar still faces moderate upside...
It was a huge DXY and EUR reversal Friday night: AUD was vapourised:Markets are still short:All commodities puked:Miners (ASX:RIO) did a bit better:EM stocks (NYSE:EEM) fell:Junk (NYSE:HYG)...
US market rates fell after the Federal Reserve decision but this looks more like a market positioning effect than anything specific from the meeting. Expect some retracement. Both the European Central...
US Dollar: Action kicks off tomorrowThe dollar starts the week in very narrow ranges and not far from the lows of the year. This week will stress test the consensus view amongst investors that i) the...
Asian stock markets are all advancing, making good on the solid start to the new trading week absent Chinese markets which remain closed. Wall Street is behind the big lift in risk sentiment with...
To quote a former UK Prime Minister, when asked about the most significant challenges faced by his administration, the answer came: “Events, dear boy, events”. The same can be said for...
Bulls got a strong entry bar following last Friday’s strong outside up bar. Bulls want an upside breakout above the January high; however, even if they get it, the odds favor sellers not far...
USD: FOMC Minutes Barely Move the NeedleLast night's release of FOMC minutes could have been perceived as slightly hawkish, yet FX and interest rate markets barely budged. At the heart of the...
There are many reasons why precious metals have been on the rise lately Still, with rising bond yields and the potential for a dollar recovery, the risk of a correction is high I have my doubts as to...
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