Markets reacted in choppy fashion to the Fed Chair Powell speech delivered yesterday, as Powell rather under-delivered on specifics with the new flexible average inflation targeting regime, but markets were rather quick to right themselves, save for long US treasuries, where yields remained higher into this morning. What is our...
Gold update: What to look for in Powell’s speech
Gold and with that also silver's fixation on yield and interest rate developments, will reach a climax later today when Fed chairman Jerome Powell delivers his long awaited speech at the Kansas City Feds virtual Jackson Hole gathering. What is our trading focus? XAUUSD - Spot gold XAGUSD - Spot...
FX Update: Spotlight on JPY crosses and EURNOK
While markets await the Fed Chair Powell speech today it is worth having a look around the edges of the G10 for other themes outside the inevitable USD focus in coming hours and days. On that note, we consider interesting developments in JPY crosses that will lie ahead as the...
BTC right below trendline and MA resistance! | 27th Aug 2020
BTCUSD reversed off its resistance at 11509 where it could potentially drop further to 11405. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully
BTC right below trendline and MA resistance! | 27th Aug 2020
BTCUSD reversed off its resistance at 11509 where it could potentially drop further to 11405. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully
NZDCAD is approaching support | 27 August 2020
Price is facing bullish pressure, Ichimoku cloud and 20 period EMA are showing signs of bullish pressure as well.
NZDCAD is approaching support | 27 August 2020
Price is facing bullish pressure, Ichimoku cloud and 20 period EMA are showing signs of bullish pressure as well.
NZDUSD appears overbought
Signal ID: 73077 Time Issued: Thursday, 27 August 2020 01:00:15 GMT Status: open Entry: 0.66248 - 0.66518 Limit: N/A Stop Loss: 0.66923 The Congestion Opportunities Strategy has just sold NZDUSD at 0.66383. The system recommends entering this trade at any price between 0.66248 and 0.66518. The signal was issued because...
Breakout Identified in USDCHF
Signal ID: 73081 Time Issued: Thursday, 27 August 2020 07:48:16 GMT Status: open Entry: 0.90566 - 0.90822 Limit: 0.90158 Stop Loss: 0.91181 The Breakout Opportunities system has just sold USDCHF at 0.90702. The system recommends entering this trade at any price between 0.90566 and 0.90822. The signal was issued because...
Podcast: Houston, we have a bubble
Yesterday's acceleration in the US megacap stocks on top of an already torrid rally underlined the thesis that we have entered into bubble territory there. Today's Powell speech is possibly important for the narrative driving this historic market. Elsewhere a look at the reaction potential of other markets over the...