Price is facing bullish pressure from our ascending trend line where we could see a bounce above this level.

Today we take a look through yesterday's remarkable session, in which the steep sell-off in equities - particularly for those with Tesla-ARK-speculative stripes - accelerated and then staged a profound bounce as disruptor guru Cathie Wood was interviewed on TV and crystallized the connection between the highly valued disruptor stocks...

EURNZD breakout to the downside, further drop!

Equities were in for a rough ride yesterday as the megacap-heavy US Nasdaq 100 tumbled by as much as 3.5% before finding support. The bounce from session lows while Fed Chair Powell was out delivering testimony before Congress was impressive if unrelated to any message he delivered. Overnight, equities were...

The Breakout Opportunities system has just bought AUDUSD at 0.79333. The system recommends entering this trade at any price between 0.792 and 0.79478. The signal was issued because the AUDUSD has broken its 24-hour high while our Speculative Sentiment Index was at -3.01082, suggesting that the AUDUSD may have further...

Several cryptocurrencies hit a new all-time high last week, including Bitcoin and Ethereum. However, this week has so far been colored in red as the crypto-market tumbled. Speculative investors are getting nervous across markets, and Elon Musk is tweeting that the Bitcoin and Ethereum prices seem high.Multiple events are causing...

For weeks we have been flagging the dangers of the Tesla-Bitcoin-Ark risk cluster which supercharged each other and created a big cumulative interconnected position network. Yesterday, these instruments saw steep losses and they are all down again today. In this update we go through what has happened and what might...

Risk sentiment is broadly under pressure, with muted reactions across FX, although yesterday did produce new developments worth noting, and the event risk of the week is up today in the form of semi-annual testimony from Fed Chair Powell. Any hint from Powell on the Fed stance on rising yields...

Price is approaching our first resistance in line with our descending trend line where we could see a reversal below this level.

Price is approaching our first resistance in line with our descending trend line where we could see a reversal below this level.