Today we look at movers and shakers in the commodity market, particularly iron ore, which is tearing higher at an accelerating pace lately. But with so much focus on the US megacap stocks and suddenly the worst day for markets in nearly a month, we spent considerable energy looking into...
Market Quick Take – December 10, 2020
The market mood turned sour yesterday, as the US equity market suffered its worst sell-off in almost a month. One story driving negative sentiment was the news that the US federal government and most US states are set to bring an antitrust suit against Facebook that could force its breakup....
Possible trend shift in USDJPY – going long
The Tidal Shift Strategy has just bought USDJPY at 104.417. The system recommends entering this trade at any price between 104.328 and 104.506. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.408, which suggests that...
Metals: Momentum concerns drive volatility risk higher
We have entered the time of year where profits are being defended and where lack of momentum can cause some major price swings. Metal markets currently lacking momentum are precious metals and more recently also platinum while copper has yet to break levels that may cause a sweat.Gold is currently...
Gilts to test 0.1% in case of a hard Brexit, but yields could rise to 1% in case of a deal
There is more upside for Gilts in case of a hard Brexit, but if a deal is agreed upon tonight, we might see yields rising to test their upper trendline at 0.45%. The BoE will be wary of 10-year yields rising above 1% even if a deal with the European...
FX Update: Brexit crunch time, and what are last hurdles for USD bears?
Strong risk sentiment continues and a fresh surge in industrial metals has helped AUDUSD to new highs. But our focus should be squarely on sterling today and in coming days as Brexit crunch time has arrived and disaster insurance buying has picked up on the latest uncertainty. Elsewhere, we look...
GBPAUD facing bullish pressure, room for upside!
Price is facing bullish pressure where we could see a bounce above this level to our first resistance target. Ascending counter trendline is showing signs of bullish pressure.
GBPAUD facing bullish pressure, room for upside!
Price is facing bullish pressure where we could see a bounce above this level to our first resistance target. Ascending counter trendline is showing signs of bullish pressure.
BTCUSD is testing support, potential bounce
Price is testing support where we could see a bounce above this level.
BTCUSD is testing support, potential bounce
Price is testing support where we could see a bounce above this level.