The strong USD and now a strong JPY, together with other market indicators suggest a rather strong wave of risk aversion rolling over markets here on spreading Covid restrictions in Europe and as we await the US Fed Chair nomination announcement and wonder to what degree it matters beyond a...

Today we run through some stark divergences as the US equity market posts new highs, noting weak breadth and other indicators that in the past have suggested higher risk of an episode of consolidation. We also look at interesting signs in the T-bill auctions that the market remains wary of...

Equity markets charged higher in the US session to close at new record highs, and the upside extended further in the futures market overnight. In FX, the recent USD strength eased slightly, while oil prices are creeping back higher despite the recent fears of strategic reserve releases. Markets are nervously...

The economist consensus anticipates inflation will start falling from early next year. We disagree. We consider the market to be too complacent regarding upside risks to the inflation outlook. The great awakening of workers and the steady rent increase (for the United States) are two of the factors which are...

The cost of your breakfast and food in general continues to rise, and following a few months of sideways trading, the Bloomberg Agriculture index, which tracks a basket of major food commodity futures, reached a fresh five-year high this week. Apart from troubled weather reducing available supply there are several...

Arguments for higher bond yields are piling; hence the MOVE Index is creeping higher. In 2022, inflationary pressures will remain sustained, and the Federal Reserve will tilt hawkish, with Bullard, George, Mester and Harker becoming voting members. That means that interest rate hike expectations will need to advance, and demand...

Prices are abiding to a bearish trendline . We spot a potential sell entry at 1.25201 which is an area of Fibonacci confluences towards our Take Profit at 79.763 in line with 50% Fibonacci retracement . RSI is at a level where dips previously happened. Alternatively, out stop loss will...

Price is trading in a channel and is at the buy entry price of 114.258 which is 38.2% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially go to 114.940 which is also the graphical swing high and 78.6% Fibonacci projection . Our bullish bias is supported by the...

Prices are abiding to a bearish trendline . We spot a potential sell entry at 80.299 which is an area of Fibonacci confluences towards our Take Profit at 79.763 in line with 50% Fibonacci retracement . Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other information,...

Price is trading in a descending trend line and is at the sell entry price of 154.692 which is 38.2% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially dip to the take profit level of 152.472 which is also the graphical overlap support level . Our bearish bias...