The Tidal Shift Strategy has just sold GBPUSD at 1.25246. The system recommends entering this trade at any price between 1.24975 and 1.25517. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.06642, which suggests that...

Price is facing bearish pressure from our resistance in line with our 61.8% retracement and 100% extension where we could see a reversal below this level.

Price is facing bearish pressure from our resistance in line with our 61.8% retracement and 100% extension where we could see a reversal below this level.

In the Aussie session, it was all about the labour market data for May which has continued the deterioration from April. The labour market data reveals the jobs market weakened further in May and highlights the devastating impact of the pandemic that has seen jobs across the globe shed at...

Yesterday saw a muted session in equities as new local highs in the US did not hold in most places and saw some gentle further consolidation lower in Asia that likewise failed to hold into early European hours. What is our trading focus? US500.I (S&P 500 Index) and USNAS100.I (NASDAQ...

As the world collectively ponders on how COVID19 will create a new normal, industry luminary Chris Skinner has already dished out some great insights on his blog The Finanser.As the world collectively ponders on how COVID19 will create a new normal, industry luminary Chris Skinner has already dished out some...

As lower and negative interest rates become a new normal, it becomes less likely for consumers to gain any significant saving rates from the banks and more imperative to seek higher returns in assets like equities.With the current market volatility and general mood of uncertainty with the economy and society,...

JD.com has raised $3.8bn today and will start trading tomorrow on the Hong Kong Stock Exchange creating a dual-listing structure. This follow other Chinese companies as the threat of delisting in the US rises and that these companies can tap into higher demand from investors in Hong Kong than in...

The shocking US Retail Sales jump in May helped keep the USD resilient yesterday despite a strong headwind from the ongoing rebound in risk appetite. Today we watch Powell testimony before a House Financial Services Panel and whether anything can stop the steep rebound in risky assets from the Monday...

Equity markets were spooked briefly yesterday by news of a widening lockdown in Beijing on a fresh outbreak of Covid19 there but were quick to recover. A wildly strong US Retail Sales number in May shocked markets on the positive side and more than compensated for the weakness in April,...