Gold dropped notably this week on the back of strong Dollar. Rising treasury yield, with 10-year yield breaching 3% handle for the first time since 2018, also weigh on the precious metals. Gold’s fall from Read more…
Until confidence returns that prices from China will move higher, Gold may begin trading in a range. Fears of deflation caused by lockdowns in China have helped Gold continue its slide lower. Over the course Read more…
Of course, with a 50bps move already fully discounted, the Fed’s interest rate decision is unlikely to be a market mover by itself…see what traders will be focused on instead! When is the FOMC monetary Read more…
Key Highlights GBP/USD declined sharply below the 1.2620 support zone. It is now attempting a recovery wave above the 1.2550 level. EUR/USD is showing signs of more losses below 1.0500. The US ISM Manufacturing Index Read more…
Short Term Elliott Wave View in CADJPY suggests cycle from December 20, 2021 has ended with wave ((1)) at 102.96. Pullback in wave ((2)) is currently in progress to correct that cycle. Internal subdivision of Read more…
The outcome of the RBA and FOMC this week should provide clues as to the next direction for AUD/USD. Last week’s Q1 inflation reading for Australia came in higher than expected. The RBA’s preferred measure Read more…
Veteran tech analyst offers tweets of comfort amid big selloff in Wall Street’s big tech glamor stocks. In recent years, big tech names like Apple (AAPL) – Get Apple Inc. Report, Meta Platforms (FB) – Read more…
Investors can’t wait for inflation to be broken before they buy. When there’s no place to hide and every stock is going down at once, that doesn’t have anything to do with the companies themselves, Read more…
Fewer people are visiting those chains now, recent data shows. Experts and economists had predicted that American consumers would pivot spending away from their pandemic patterns towards a return to eating out and travel in Read more…