AUDUSD dropped quickly and made new lows. With price now trading sideways and consolidation, it could be a signal that price is looking for a short-term reversal. A break and close above our buy entry and 23.6% Fibonacci retracement level at 0.75479 will see a renewed push higher towards graphical...
NZDCAD bullish breakout | 21st June 2021
NZDCAD has shown a bullish breakout from the descending trendline resistance-turned-support and is now holding above the moving average support. We could see a bounce at Buy Entry level, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal pullback support and moving average support, and further upside towards Take...
NZDCHF bullish breakout | 21st June 202
NZDCHF has shown a bullish breakout from the descending trendline resistance, where we could see a bounce from the Buy Entry level, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Price could rise further towards Take Profit level, which is in line with 61.8% Fibonacci extension and horizontal...
Podcast: A week for taking stock after post-FOMC trauma
Today we review the trauma that has unfolded across markets in the wake of last week's FOMC meeting, with equities feeling considerable heat on Friday and a vicious yield-curve flattening requiring an explanation, although at this point we may have more questions than answers. We also look at the impact...
Market Quick Take – June 21, 2021
US equities suffered a broad sell-off on Friday, with volatility possibly aggravated by the expiration of many futures and options contracts and in the wake of hawkish comments from St. Louis Fed president James Bullard. US long yields have collapsed as the market prices in higher rates at the front-end...