The rise in global bond yields this week has buffeted risk sentiment, but a strong buy-the-dip mentality in risky assets seems to prevail, especially this morning in Europe, helping the USD back lower and sending GBPUSD to 1.4000 and AUDUSD to new cycle highs. Can sentiment continue to look through...

Price is facing bullish pressure from our ascending trend line where we could see a further bounce above this level.

Price is facing bullish pressure from our ascending trend line where we could see a further bounce above this level.

The Breakout Opportunities system has just bought EURJPY at 127.841. The system recommends entering this trade at any price between 127.743 and 127.987. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.244, suggesting that the EURJPY may have further...

US equities suffered another volatile session yesterday and again managed to rally from new local lows to limit the damage. The mood overnight was downbeat on average in Asia, where rising yields may be pressuring sentiment and the 10-year Japanese Government bond may close with a yield above 0.10% for...

EURAUD breaking previous low, more downside !

EURAUD breaking previous low, more downside !

Today we look at further signs of inflationary pressures from the shipping market, look at the evidence of the Fed's hubris as showcased in the FOMC minutes late yesterday and the risk they are setting up for a policy mistake on inflation. Also a look at the latest action in...

Price is facing bearish pressure from our resistance, Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.