Today we look at the remarkably complacent equity market as the VIX drops back toward cycle lows and the broader US market touches all time highs even as the market prices the Fed to move its rate hike lift-off significantly earlier after comments on Friday from Fed Chair Powell that...

Equity markets traded a bit softer on Friday after US Fed Chair Powell said that the time had come to taper QE purchases, but not raise rates, but his comments included language suggesting increasing Fed unease, and rate bets for hikes next year were pulled sharply forward on Thursday and...

The COT report shows futures positions and changes made by hedge funds across commodities, forex and financials up until last Tuesday, October 19. A week where risk appetite returned with a vengeance to send the S&P 500 higher and the VIX index down to near a 20-month low. The dollar...

The month-long run-up in commodity prices shows no sign of easing with the main engine continuing to be the global energy crisis and its direct impact on other sectors, not least the energy-intensive industrial metal sector. Shortages of fuel leading to record-high prices has forced reductions in metal production from...

Price has recently broke the ascending trendline and can potentially dip further down to the take profit level of 84.038 which is also 38.2% Fibonacci retracement and 100% Fibonacci projection . The take profit level is also a graphical overlap support. Our buy entry is placed at 86.243 where we...

Price is currently trading in an ascending trendline and is near the buy entry price of 113.659 which is also 23.6% Fibonacci retracement and 78.6% Fibonacci projection . Price is expected to continue its uptrend to the take profit level of 114.691 which is also 61.8% Fibonacci projection . Our...

Price is consolidating in a triangle. We spot a potential entry 0.91637 which is a graphical overlap for our buy entry. Our Take Profit will be placed at 0.92052 in line with 50% Fibonacci retracement . Stochastics are at a level where bounces previously occured. Alternatively, our stop loss is...

Price has recently break out from the ascending trend line and can potentially retest the sell entry price of 0.74550 which is 50% Fibonacci retracement . Price can then potentially dip to the take profit level of 0.73810 which is also 38.2% Fibonacci retracement level and 78.6% Fibonacci projection level....

We can expect price to bounce at the pivot level in line with 23.6% Fibonacci retracement and graphical overlap support towards the take profit level in line with daily resistance and 100% Fibonacci projection . Our bullish bias is further supported by the price holding above the Ichimoku cloud and...