This week it's all about job data and how any surprise may push US Treasury yields higher. Strong inflationary pressures combined with a fast jobs recovery may lead the Federal Reserve to taper earlier than expected. Nevertheless, if the central bank doesn't taper, the market might run into a monetary...
FX Update: Yields the focus again after Friday rebalancing jolt
Friday saw a strong surge for the US dollar, which until proven otherwise, may have merely been and end-of-month rebalancing move after a weak April for the big dollar. As May gets under way and key Asian markets off-line until Thursday, European yields are surging again as the German Bund...
The pandemic turbocharged the financial trading industry
Today we are launching our next theme basket focusing on the financial trading industry which has been catapulted into high growth rates by the pandemic.Today we are launching our next equity theme basket focusing on the financial trading industry as it has experienced a historic renaissance in terms of profitability,...
CADJPY facing bullish pressure | 03 May 2021
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension . If prices push downwards, prices might take support from horizontal support in...
CADJPY facing bullish pressure | 03 May 2021
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards -61.8% FIbonacci retracement and 127.2% Fibonacci extension. If prices push downwards, prices might take support from horizontal support in line with...
GBPUSD is approaching resistance | 3 May 2021
Prices are approaching resistance where we could see a reversal below this level.
GBPUSD is approaching resistance | 3 May 2021
Prices are approaching resistance where we could see a reversal below this level.
COT: Speculators keep piling into agriculture commodities
Futures positions and changes made by hedge funds across commodities, forex, bonds and stock indices up until last Tuesday, April 27. A week where U.S. index futures resumed their ascent, the dollar continued lower while US Treasury yields ticked higher, but staying within their established ranges. Commodities surged higher led...
Earnings Watch: Another busy week as global earnings see record high
Global earnings have hit a fresh new all-time high as earnings are rebounding at a blistering pace. We take a look at earnings and what to expect this week.As we said last week on our daily morning podcasts, earnings estimates have been too conservative, and companies are across the board...
Breakout Identified in AUDJPY
The Breakout Opportunities system has just bought AUDJPY at 84.624. The system recommends entering this trade at any price between 84.5 and 84.778. The signal was issued because the AUDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.266, suggesting that the AUDJPY may have further...