Yesterday saw German bund and EU sovereign yields suddenly lurching higher, in part in sympathy with a move higher in US treasuries ahead of a speech tomorrow from US Federal Reserve Chair Powell. The US equity session was quiet, even as new all-time highs were posted before sentiment rolled over...
Prepare for higher German bond yields
The significant drop in Bund yields in summer was provoked by dropping yields in the US and the ECB strategy review, which saw the central bank adopting a symmetric 2% inflation target. Nevertheless, a dovish ECB will not be enough to keep Bund yields in check. We remain supportive of...
Is it time to buy Chinese technology stocks?
The question we get the most from clients right now is whether it is time to buy Chinese technology stocks. We try in this note to help investors by going through the key factors to consider.In client conversations and follow-up questions to our presentations the single most asked question relates...
USDOLLAR Momentum Has shifted Up Into Jackson Hole Symposium
The above chart shows the weekly FXCM USDOLLAR chart. We note that the higher trough followed by the higher peak has the greenback in uptrend. The momentum of this trend is defined by the gradient of the green trendline. However, we also note higher trough2 followed by higher peak2. These...
USDCAD bullish momentum 25th Aug 2021
Price is holding above the 200 period MA signifying that price might continue to push upwards. Price is expected to rally up towards the take profit level in line with the 78.6% Fibonacci extension . Our bullish bias is also supported by the stochastic indicator where the K% line is...
USDCAD bullish momentum 25th Aug 2021
Price is holding above the 200 period MA signifying that price might continue to push upwards. Price is expected to rally up towards the take profit level in line with the 78.6% Fibonacci extension . Our bullish bias is also supported by the stochastic indicator where the K% line is...
NZDCAD Facing bearish pressure | 25 Aug 2021
NZDCAD is holding below descending trendline resistance within a larger triangle consolidation pattern. A short term drop below our entry at 0.87642 towards triangle support at our take profit level of 0.87218. Stochastic is testing resistance where price dropped in the past as well. Any opinions, news, research, analyses, prices,...
USDCNH Facing bullish pressure | 25 Aug 2021
USDCNH reacting above ascending trendline support. With price breaking above moving average, we see a possibility of a further push up above our entry at 6.47452 towards graphical overlap resistance at 61.8% Fibonacci retracement and our take profit at 6.49267 Any opinions, news, research, analyses, prices, other information, or links...
USDCHF Facing bullish pressure | 25 Aug 2021
USDCHF is reacting above strong graphical swing low. A push up above our entry at 0.91360 towards recent graphical swing high at our profit at 0.92000. Stochastics is also testing support where price bounced in the past. Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
EURUSD bearish momentum | 25th Aug 2021
Price is holding below the 200period MA and below the descending trendline resistance showing a bearish momentum continuation. Price is expected to push down to up to the 1st Support in line with the 61.8% and 78.6% Fibonacci extension . This bearish bias is further supported by the stochastic indicator,...