Prices have reached a Pivot and are on a bearish momentum. We see potential for continuous dip from our sell entry at 0.84744 which is an area of Fibonacci confluences and also graphical overlap towards our Take Profit at 0.84214 in line with 61.8% and 78.6% Fibonacci retracement . Alternatively,...

Price broke out of the descending trendline resistance, signifying bullish momentum. We can expect price to bounce from pivot level in line with 23.6% Fibonacci retracement towards take profit level in line with 127.2% Fibonacci projection . Our bullish bias is further supported by the stochastic indicator where the %K...

Price broke out of the ascending trendline support, signifying bearish momentum. We can expect price to push further down from the pivot level in line with 23.6% Fibonacci retracement towards take profit level in line with 78.6% Fibonacci retracement . Our bearish bias is further supported by the ichimoku cloud...

Today we look at markets trying to stabilize after Friday's traumatic reaction, amidst poor liquidity, to the news of the new omicron covid variant outbreak. Most of all, we are reluctant to draw any conclusions or endorse the market's attempt to do so as it will take some time to...

The market is trying to brush off fears that the new omicron covid variant may significantly disrupt the global economy, with only partial success as cases of the variant have been discovered in multiple countries outside of the original outbreak area. Equities and crude oil markets have erased a portion...

Our 'Macro Chartmania' series collects Macrobond data and focuses on a single chart chosen for its relevance. This week, we look at mobility data released by Google in its COVID-19 Community Mobility Reports. The data are available on Macrobond. Click here to download this week's full edition of Macro Chartmania. Google’s...

There is plenty of reasons to remain cautious, especially in a day where thin liquidity might provide a distorting view on events. Yet, it's important to consider what a new wave of Covid means for markets now that central banks were set to enact less accommodative monetary policies. The Federal...

The commodity sector traded lower for a sixth straight week with continued losses in energy and metals, both precious and industrial, being only somewhat offset by another week of gains across the agriculture sector. Most of the damage to prices were done on Friday when the markets were rocked by...

The contagion across asset markets triggered by new covid strain concerns has hit FX in the form of classic deleveraging, as euro and yen shorts are squeezed on a reversal of recent US yield rises and safe haven seeking, while the US dollar gets a pass elsewhere because it is...

A new virus strain is throwing equity markets into upheaval as it increases the likelihood of lockdowns and renewed travel restrictions. Traders are pulling out the pandemic playbook betting on online companies over physical companies.Equities react to increased likelihood of new lockdowns Financials markets are in upheaval over a new...