A near non-stop rally in crude oil since September is showing its first signs of running out of steam, and while we do not expect a reversal, the market may enter a period of consolidation. The reasons behind the correction, apart from speculators scaling back long positions, are several and...
AUDUSD potential for pullback! 28th Oct 2021
Prices have broken our of our ascending trendline and have the potential to dip from our sell entry at 0.75337 in line with 50% Fibonacci retracement and 100% Fibonacci extension towards our Take Profit at 0.74182 which is an area of Fibonacci confluences. Technical indicators are showing bearish momentum. Any...
AUDCHF bullish pressure | 28th Oct 2021
Price is abiding to the descending trendline resistance on the daily, signifying an overall bearish trend , however, there might be a potential bullish trend breakout with the inverse head and shoulders spotted at the bottom of the descending trend. We can expect price to be bounce off from the...
Yield curve mayhem
Today we look at the remarkable moves in global yield curves as the Bank of Canada is the latest DM bank to surprise on the hawkish side in abandoning QE and bringing forward the guidance on rate lift-off. This took short yields sharply higher there while the long end of...
Market Quick Take – October 28, 2021
The Bank of Canada is the latest central bank to tilt into very hawkish mode as it abandoned its QE program yesterday and brought forward the time frame for rate hikes. A sharp flattening of global yield curves has unfolded over the last week or so on the impression that...
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FX Update: Big reaction in Aussie rates to CPI fails to impress AUD.
A solid beat in the Australian CPI reading overnight saw a huge adjustment to the forward rate curve in Australia but failed to impress the currency as much as other factors are providing some offsetting pressure. Today we look forward to a Bank of Canada meeting that will have to...
USDCHF potential for further downside | 27th Oct
Price is near the sell entry price of 0.91896 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Price can further dip to the take profit price of 0.91505 which is also 78.6% Fibonacci projection . Our bearish bias is supported by the ichimoku cloud indicator as price...
Possible trend shift in AUDUSD – going long | 27th Oct
Signal ID: 78001 Time Issued: Wednesday, 27 October 2021 02:00:15 GMT Status: open Entry: 0.75034 - 0.75314 Limit: N/A Stop Loss: 0.74615 The Tidal Shift Strategy has just bought AUDUSD at 0.75174. The system recommends entering this trade at any price between 0.75034 and 0.75314. The signal was issued because...
EURUSD potential for further downside | 27th Oct
Price has recently broke out from the ascending trendline and can potentially dip to the first support level which is also the graphical swing low level. The sell entry is placed at the graphical overlsap support which is also 50% Fibonacci retracement and 61.8% Fibonacci projection . Our bearish bias...