Inflation seems to be the only factor that can change the direction of the stock market. Energy prices are now trading between 50% and 500% higher than average, depending on the fuel, and this represents a tax on consumption and business profits. We expect falling profit margins from here, but...

The US August CPI release later today is the key calendar focus for the day after the July CPI release offered support for the transitory narrative. The US dollar is on its back foot ahead of the release, while the Scandies are surging, the Swedish krona on a very hot...

Today we look at a rocky session in the US, even if the session managed to stabilize into the close, cast a nervous eye on the China Evergrande story, break down where to focus on the US CPI release today, especially for the impact on the treasury market, look at...

Another rocky session for US equities yesterday as early gains could not be sustained and the market closed slightly better than unchanged before edging higher in the Asian session, where the mood in Japan remains ebullient and the Nikkei 225 touched a new 31-year high at one point. Today the...

El Salvador has adopted Bitcoin as legal tender, being the first country to do so, and other countries are following with a positive stand towards the adoption of cryptocurrencies. On the technology side, Cardano launched its highly anticipated smart contracts yesterday.Bitcoin is now legal tender in El Salvador As the...

The Norwegian krone is on a tear on election day in Norway as investors seem more focus on high oil prices than a leftward political shift post-election. The euro continues to slump in the wake of an indifferent ECB meeting last week, while risk sentiment tries to shake off an...

This week's US CPI prints will be in the spotlight as they may force the Federal Reserve's hand about a tapering decision next week. Consequently, the US yield curve may bear-flatten despite the Fed previously soothed interest rates hikes expectations. As foreign demand for US Treasuries remains robust, ten-year yields...

Price is approaching our pivot level at 1.60835 which is in line with 38.2% Fibonacci retracement level, 61.8% Fibonacci extension level and 200MA. Price could potentially face bearish pressure and drop to support at 1.58710, in-line with -27.2% Fibonacci retracement level and 200% Fibonacci extension level. RSI is also at...

USDCHF broke above previous descending trendline resistance (now support). Price is also holding above shorter term ascending trendline support. A further intraday push higher above our buy entry at 0.91729 towards graphical swing high resistance at our take profit of 0.92395 could be possible. Stochastic is also reacting above support...

Price broke down and retested the ascending trendline support-turned-resistance is approaching pivot level at 0.70850 which is in line with 23.6% Fibonacci retracement level, 61.8% Fibonacci extension level and horizontal overlap support. If price could breakdown below pivot , it could potentially push down further to support at 0.70115, in-line...