Australia NAB business confidence dropped from 10 to 6 in May. Business conditions dropped from 19 to 16. Looking at some details, trading conditions dropped from 27 to 24. Profitability conditions dropped from 21 to Read more…
Markets Last week’s aggressive repositioning simply continued and even intensified yesterday even as there were no data or official central bank communication. Initially, the rise in European yields outpaced the US. Later US bonds were Read more…
Things didn’t improve from Friday overnight in New York, as the market scrambled to price in a 0.75% by the FOMC, whose two-day meeting starts today. Among the biggest casualties was the bond market, where Read more…
The post-US inflation selloff accelerated yesterday. All assets were heavily sold, and the money piled into the US dollar, as a sign of extreme stress in the market. No one wants to take a chance Read more…
Market movers The main focus is on the Fed meeting tomorrow and the continued bond rout which pushed S&P500 into bear market territory yesterday. Sweden CPI today is expected to overshoot Riksbank expectations and pave Read more…
DXY: On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to our 1st resistance at 106.035 where the 127.2% fibonacci extension and 61.8% fibonacci projection Read more…
With inflation continuing to increase and the Unemployment Rate at its lowest since February 2020, is it time for the Fed to surprise the markets and hike rates by 75bps? When is the FOMC monetary Read more…
AUDJPY reversed from resistance level 95.66 Likely to fall to support level 92.00 AUDJPY currency pair recently reversed down from the strong resistance level 95.66 (which stopped the multi-month uptrend in April), coinciding with the Read more…
S&P 500 entered bear market country on June 13, down 21% from its high on Jan. 3, while Nasdaq has been in a bear market since March 2022. Bear markets have a long history with Read more…