Equities continued to rise in Q2 although in a highly rotational fashion where there is a lot of action in particular names or sectors but much less on an index level and with a lot of dispersion between indexes. Instruments traded FX spot and CFDs Asset classes FX, equity indices,...

Another day brought another record high for US equities yesterday, and the positive mood extended in places overnight as Japan and Korea rallied steeply, with much of Asia following suit, although Chinese equities have lurched lower once again on new regulatory moves that have unsettled investors as well as a...

The FXCM JPYBASKET has been consolidating since march on the weekly timeframe (blue rectangle). Two weeks ago, the basket made a concerted effort to break above its black 30-week EMA. However, this has not been convincing and price fell back to the EMA last week. We are looking to see...

The competition for making a new and more scalable version of Ethereum is heating up, and both Cardano and Solana have surged this month. Ethereum is still by far the biggest within the NFT space, and both Visa, Budweiser, and NBA star Stephen Curry bought NFTs this week. Lastly, Bitcoin...

Jerome Powell's Jackson Hole speech puts a lot of focus on this week's non-farm payrolls. If Friday's jobs data exceed expectations, we anticipate a tapering announcement during the next FOMC's meeting and a reduction of asset purchases starting as soon as October. Such a scenario will send 10-year yields close...

Fed Chair Powell delivered as dovish a speech as anyone could have expected at the Jackson Hole symposium on Friday, taking the US dollar lower with the outlining of his thorough conviction that the recent bout of high inflation will prove transitory. The reaction to the speech was sharp, if...

GBPUSD holding below long term descending trendline. With price holding below graphical overlap resistance and 61.8% Fibonacci retracement , a short term drop below our entry at 1.38000 towards graphical swing low and our take profit at 1.36051 can be expected. Stochastic is testing resistance where price pulled back lower...

Price is reaction insde our pivot level at 47,786 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and ascending trendline support. Price could potentially bounce towards resistance at 49,720.60 which is in-line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic has also...

UKOIL holding below long term descending trendline resistance. A further drop below our entry zone at 72.57 towards our take profit level at 69.54 could be likely. Our entry zone has a strong Fibonacci confluence level where we have both the 100% Fibonacci extension and 78.6% Fibonacci retracment level lining...