Price is on the ascending trendline support, we can expect price to push up from the support pivot level in line with 50% Fibonacci retracement towards the take profit level in line with 127.2% Fibonacci projection . Our bullish bias is further supported by the RSI where its on an...

Price is holding below the descending trendline resistance, signifying a bearish momentum. We can expect the price to continue to push down towards the take profit level in line with 61.8% Fibonacci projection and 61.8% Fibonacci Retracement . Our bearish support is further supported by the stochastic indicator where the...

Markets tried to dramatically extend the relief rally yesterday as the US debt ceiling issue has cleared up for now and on the hope that the energy price crisis will fade, but then crude oil prices rushed back toward the highs and US yields rose to new local highs. Cue...

Today a look at a double whammy of direction changes yesterday after energy price relief jolted back to new concerns as oil rushed back toward the highs and as US yields are pressuring at cycle highs ahead of the key event risk of the week - the US September jobs...

The Q3 earnings season starts next week with US financials such as JPMorgan Chase and Bank of America reporting. But this earnings season is going to be all about margin pressure. Despite growth expectations are coming down due to supply chain issues in Asia due to Covid-19 outbreaks, China’s housing...

Now that Republicans and Democrats have reached an agreement over the debt ceiling, pressure capping long-term US Treasury yields is waning. Therefore, 10-year yields are free to rise and test their resistance at 1.60% amid strong non-farm payrolls. Bund and Gilt yields remain vulnerable to rising Breakeven rates. Despite the...

The relief rally in markets yesterday was cut somewhat short by a resurgence in energy prices late yesterday after US officials stated there were no plans to release oil from strategic reserves, which has helped send oil prices back toward multi-year highs. Elsewhere, US treasury yields rose to new local...

One way to get exposure to cryptocurrencies is through ETPs and ETNs which are exchange-traded instruments tracking the performance of an underlying cryptocurrency. We offer exposure to multiple cryptocurrencies through these, and it may be difficult to distinguish the key features of the different cryptos. In this article we describe...

The chart on the left shows the daily timeframe of XAUUSD. It’s in the neutral area between the lower and upper blue bands. However, peaks and troughs are lower, hinting at a bearish bias. The right chart shows the hourly timeframe the EMAs look to be crossing bearishly and the...