The commodity sector led by grains and industrial metals was heading for one of its biggest weekly losses since the early pandemic panic last March as the reflation trade deflated at a rapid pace after the FOMC signaled it would speed up its expected pace of policy tightening. The market...

The inflation and commodity trade is getting upended post the FOMC with the biggest single day drop in our commodity sector basket since September and the biggest 9-day decline in Caterpillar since March 2020.Our commodity sector basket dropped 2.7% yesterday in the biggest single-day drop since September 2020 when the...

The move in Fed rate expectations in the wake of the FOMC meeting has largely stuck and continues to support the US dollar, while the interesting new twist is a sudden surge in the Japanese yen, one that has little to do with Bank of Japan meeting overnight and probably...

AUDUSD is in the bearish area on the daily chart on the left. However, we note that the RSI is below 20 and oversold, which may lead to a normalisation of the oscillator reading. In this regard, the hourly chart on the right shows the stochastic in bullish mode and the EMAs attempting to...

Inflation is returning to be an influential factor in the Federal Reserve's monetary policy decisions. Thus, an interest rate hike will likely happen as early as this year, regardless of job numbers. However, US treasury yields will continue to trade rangebound between 1.50% to 1.70% until the central bank doesn't...

EURCAD reacted off graphical swing low support. Technical indicators are also showing room for further bullish momentum. Price is now above moving average and MACD looks ready to cross over the 0 line signaling a buildup of bullish pressure. A short-term intraday push above 1.47308 towards Fibonacci confluence zone and...

The Congestion Opportunities Strategy has just bought EURJPY at 130.862. The system recommends entering this trade at any price between 130.714 and 131.01. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of -1.071 indicates that...

The Congestion Opportunities Strategy has just bought GBPJPY at 152.549. The system recommends entering this trade at any price between 152.36 and 152.738. The signal was issued because the 28-hour Relative Strength Index indicates that the GBPJPY may be overbought, while the Speculative Sentiment Index reading of 1.246 indicates that...