A wild finish for markets last week, as markets rushed to reprice the risk of more significant and earlier rate tightening than previously expected, which Friday saw the US dollar rushing back to the strong side against the euro in particular, while global equity markets brushed off the hawkish monetary...
French Election Update : Far Right’s Battle, Purchasing Power and Pension Reform
The far right's big battle continues. The National Rally's leader Marine Le Pen and the independent far right candidate Eric Zemmour are neck-to-neck in polls. Emmanuel Macron is still ahead of the crowd. He is likely to declare his candidacy in the last stage of the 2022 presidential campaign, perhaps...
A Special Chat With Adam O’Dell
United States Steel Corporation (NYSE: X), the steel producer, is up 15% today after reporting earnings and revenues that beat expectations thanks to increased steel demand.
Calculate an Option’s Fair Value With This Free Tool
Today, I’m picking up where we left off on Friday: with a promise to show you how to calculate an option’s fair value, and to share a preview of the top ETFs to own through November.
Commodity weekly: Oil and metals trade lower as gas and coal tank
The final week of October yielded mixed results across the different commodity markets and sectors. As the month wore on, investors started to become somewhat risk adverse given the amount of incoming data pointing towards slower growth around the world. Some of the slowdown is being driven directly by elevated...
FX Update: Market thumbing its nose at central banks.
The ECB is the latest central bank to suffer the market second guessing its intentions as rate hike bets for next year rose to cycle highs even as ECB President Lagarde pushed back against the market pricing these rate moves. The Euro rose in response, with EURUSD trading above local...
GBPCHF is consolidating in a triangle! | 29th Oct
Price has been consolidating in a triangle. We see a potential buy entry 1.25544 in line with 61.8% and 78.6% Fibonacci retracement towards our Take profit at 1.27144 in line with 61.8% and 78.6% Fibonacci retracement . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other...
EURUSD potential for dip | 29th Oct
Price has recently retested the ascending trend line and is near sell entry price of 1.16853 which is 100% projection. Price can potentially dip to take profit level of 1.15799 which is 127.2% Fibonacci projection and 61.8% Fibonacci retracement . Our bearish bias is supported by stochastic as it reacted...
AUDCHF potential trend reversal! | 29th Oct 2021
Price is on a bearish momentum. We spot a double top , signalling a potential trend reversal. Our sell entry would be placed at 0.68714 in line with 61.8% Fibonacci retracement and our take profit is at 0.68137 which is an area of Fibonacci confluences. Technical indicators are showing bearish...
USDCHF potential for short reversal | 29th Oct
Price is near the buy entry price of 0.910886 which is also 78.6% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially rise to the take profit level of 0.91704 which is 78.6% Fibonacci projection and 23.6% Fibonacci retracement . Our bullish bias is supported by the stochastic indicator...