Today we look at another central bank hiking rates as the Czech central bank hiked 25 bps and guided hawkish, preview today's Bank of England meeting, which is seen likely to at least echo the Fed's shift at last week's FOMC meeting, and look at treasury market action ahead an...
Market Quick Take – June 24 2021
US equities closed almost unchanged yesterday after a low-energy session and new all-time highs intraday for the Nasdaq 100 index. Trading ranges overnight in Asia were generally muted. Elsewhere, the US dollar stabilized late yesterday after the recent sell-off on another regional Fed president talking up rate hikes for 2022....
Follow the Quant Crowd to Profits in 2021
For example, a quant factor could rank stocks based on returns over a trailing 12-month period, and buy the highest-rated companies.
Crude oil remains bid with focus on OPEC+ and EIA stock report
Crude oil continues higher with WTI and Brent both reaching levels last seen in 2018, thereby going against a recent trend of profit taking hitting other major commodities in metals and agriculture. While the energy sector remain supported by an ongoing recovery in global fuel demand and tightening supply, controlled...
USDCAD approaching resistance | 23 June 2021
USDCAD approaching resistance and graphical overlap resistance at 1.23280. Our entry is also in line with the 23.6% Fibonacci retracement level. With technical indicators showing room for further bearish momentum, a further drop towards long-term ascending trendline support and 61.8% Fibonacci extension level at 1.22627 could be possible. Any opinions,...
CADJPY approaching resistance, potential for reversal | 23 June
CADJPY approaching 78.6% Fibonacci retracement level which also finds confluence with graphical overlap resistance. An intraday drop below our entry at 90.094 towards our target at 89.303 and 38.2% Fibonacci retracement could be possible. Stochastic is testing resistance where price pulled back lower in the past as well. Any opinions,...
GBPUSD approaching pivot, potential for bounce|23rd June 2021
Prices are approaching ascending trendline support in line with horizontal pullback support in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 61.8% Fibonacci retracement and 100% Fibonacci extension. If prices push down further, prices might take support...
NZDJPY facing bearish pressure|23rd June 2021
Prices are facing bearish pressure from descending trendline resistance in line with horizontal pullback resistance in line with 127.2% Fibonacci retracement. Prices might push down towards horizontal swing low support in line 61.8% Fibonacci retracement and 38.2% Fibonacci retracement. If prices continue to push up further, prices might face resistance...
Breakout Identified in EURUSD
The Breakout Opportunities system has just bought EURUSD at 1.19199. The system recommends entering this trade at any price between 1.191 and 1.19343. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -1.37873, suggesting that the EURUSD may have further...
The Tidal Shift Strategy has just bought USDJPY at 110.739
The Tidal Shift Strategy has just bought USDJPY at 110.739. The system recommends entering this trade at any price between 110.626 and 110.852. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.236, which suggests that...