CADCHF has seen a bearish breakout from the ascending trendline support-turned-resistance, and is now holding below the descending trendline and Ichimoku cloud resistances. We could see a potential reversal at Sell Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and further drop towards Take...
GBPAUD facing bullish pressure | 30th June 2021
GBPAUD is facing bullish pressure, as it continues to hold above ascending trendline and moving average support, in line with our bullish bias. We could potentially see price bounce at Buy Entry, in line with 23.6%, 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support, and rise towards Take...
Podcast: Will US jobs data challenge the narrative?
Today we look at the energy coming out of the inflationary narrative in the markets, particularly as commodities prices have calmed recently, but as also noted in patterns in the US yield curve and in FX. Also, a deeper look at the status of the antitrust threat for megacaps after...
Market Quick Take – June 30 2021
Another surge in US equities sees new highs in the major indices, with Asia slightly mixed to positive overnight. Japan has been weighed down slightly by the stronger Japanese yen, which has managed to keep pace with a new firming in the US dollar. Gold, meanwhile, punched to new local...
Get Our “Secret Sauce” for Crypto Trading
With Crypto Flash Trader coming, I’m sharing our special “secret sauce” when it comes to trading cryptos.
The Fed Is Hiding Something, But This Indicator Is the Solution
Just as bonds started becoming interesting again, the Fed took away volatility data.
XAUUSD is oversold on hourly, bounces may be compelling
XAUUSD is in the bearish area as per the daily chart on the left. Furthermore, the hourly has been savaged to the downside. However, the RSI puts the hourly firmly in oversold territory. This skews the risk:reward profile as the oscillator is likely to normalise in the near term. We note that bounces may...
Intellia’s gene editing breakthrough is historic
Intellia's breakthrough result on its gene editing technology could be a game changer for the future of disease treatments and our NextGen Medicine theme basket.Back in January we launched our NextGen Medicine theme basket consisting of 30 companies within what we call the frontier of biotechnology. There is the mature...
FX Update: USD finally pokes back higher as we await US data
We are finally getting a follow up dose of USD strength after the currency spent all of last week consolidating back to the weak side in the wake of the sharp surge from the FOMC meeting of the prior week. The ability of the US dollar to even hold up...
Gold testing support with focus on dollar and Basel III
Gold's post FOMC struggle continues with record highs in US stocks, recovering crypto currencies, easing inflation expectations and a dollar trading on the strong side, all playing their part in reducing investment appetite. We take a closer look at the technical setup and the new Basel III regulations and the...