Key Highlights NZD/USD climbed above 0.7000 before it started a downside correction. It broke a crucial bullish trend line with support near 0.6945 on the 4-hours chart. EUR/USD settled below the key 1.0950 support. GBP/USD Read more…
Natural gas has seen another strong rally, although lower oil prices yesterday saw it falter just beneath a key level of resistance, leaving clues of near-term exhaustion. During a joint press conference with the European Read more…
The Reserve Bank Governor surprised us on Tuesday with the Board’s decision to abandon its patient approach to monetary policy. Since the last Board meeting, when “patience” was emphasised, we have seen a further drop Read more…
Those who’ve been long the US dollar index (DXY) since the middle of last year have done well for themselves. The DXY has gained c. 12% from its January 2021 swing low of 89.21 to Read more…
The FOMC minutes reiterated the Fed’s extremely hawkish stance which saw the US dollar dominate the session. Wednesday US cash market close: The Dow Jones Industrial fell -144.67 points (-0.42%) to close at 34,496.51 The Read more…
Platinum under bearish pressure Likely to fall to support level 929.00 Platinum under bearish pressure after the price broke below the support level 966.00 (which has been reversing the price from the middle of January). Read more…
USDCAD under bullish pressure Likely to rise to resistance level 929.00 USDCAD currency pair under bullish pressure after the price reversed up from the strong support level 1.2450 (previous monthly low from January) – ending Read more…
Short term outlook in DAX suggests the decline to 12420.10 ended wave II. This ended the correction of the rally starting from March 2020 Covid-19 low. The Index has started to rally again in wave Read more…
The FOMC Minutes showed the markets what many investors have already known, in particular: Many Fed officials said 1 or more 50bps hikes may be warranted FOMC backs roll off cap phase-in of 3 months Read more…
Just because a company is executing well, doesn’t mean its shares are immune from larger events. Even if a company is executing well and reporting strong results, its shares can fall based on larger issues Read more…