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GBP/USD Technical Analysis: Bear Control Continues

GBP/USD Technical Analysis: Bear Control Continues

Stability around and below the support level of 1.2150 will support a stronger move for the bears towards the psychological support level of 1.2000 as soon as possible.  At the end of last week’s trading, both the pound sterling and the euro jumped against the US dollar after Federal Reserve Chairman Jerome Powell said in […]
EUR/USD Weekly Forecast: Bets For Fed’s Dec Hike Diminish

EUR/USD Weekly Forecast: Bets For Fed’s Dec Hike Diminish

The EUR/USD weekly forecast shows a slight edge for the euro over the dollar as the market adjusts its expectations for the Fed’s policy move. The recent data and comments from Fed officials have reduced the chances of a rate hike in December, which has weakened the dollar’s appeal. Ups and downs of EUR/USDAs the dollar […]
Grains Report – Monday, October 23

Grains Report – Monday, October 23

Photo by Sebastian Klein on UnsplashWheatGeneral Comments: Wheat markets closed higher last week and trends are turning up in Chicago SRW but remain sideways in HRW and HRS. It appeared to be a speculative short covering rally. Two weeks ago, USDA cut back on world ending stocks due to weather problems in major Wheat growing […]
Bitcoin & Bonds Bid After ‘Bearish-Bill’ Bails; Black Gold & The Buck Breakdown

Bitcoin & Bonds Bid After ‘Bearish-Bill’ Bails; Black Gold & The Buck Breakdown

I don’t like Mondays…” anymore…There have been 15 ‘Up’ Mondays in a row for US equities (there hasn’t been a down Monday since before July 4th) until today…Geopolitically, things did not appear to get seriously worse over the weekend but BoJ YCC-change chatter and Japan’s PM comments sent yields higher overnight. 10Y JGB yields hit 88bps intraday […]
Bitcoin & Bonds Bid After ‘Bearish-Bill’ Bails; Black Gold & The Buck Breakdown

Bitcoin & Bonds Bid After ‘Bearish-Bill’ Bails; Black Gold & The Buck Breakdown

I don’t like Mondays…” anymore…There have been 15 ‘Up’ Mondays in a row for US equities (there hasn’t been a down Monday since before July 4th) until today…Geopolitically, things did not appear to get seriously worse over the weekend but BoJ YCC-change chatter and Japan’s PM comments sent yields higher overnight. 10Y JGB yields hit 88bps intraday […]
The S&P 500 Falls On Surge In Treasuries And Fed’s Signal Of More Rate Hikes

The S&P 500 Falls On Surge In Treasuries And Fed’s Signal Of More Rate Hikes

Two big things happened to the S&P 500 in the past week, as the index fell to 4224.16 through Friday, 20 October 2023, a 2.4% week-over-week decline.The first big thing to happen was a surge in the yield of the 10-year U.S. Treasury, which was accompanied by mortgage rates spiking up to their highest levels since the early 2000s.The second […]
The S&P 500 Falls On Surge In Treasuries And Fed’s Signal Of More Rate Hikes

The S&P 500 Falls On Surge In Treasuries And Fed’s Signal Of More Rate Hikes

Two big things happened to the S&P 500 in the past week, as the index fell to 4224.16 through Friday, 20 October 2023, a 2.4% week-over-week decline.The first big thing to happen was a surge in the yield of the 10-year U.S. Treasury, which was accompanied by mortgage rates spiking up to their highest levels since the early 2000s.The second […]
These 4 Consumer Staple Stocks Can Help Protect Your Portfolio

These 4 Consumer Staple Stocks Can Help Protect Your Portfolio

From safest to riskiest, consumer staple companies offer more than essential goods.last Thursday, Federal Reserve Chair Jerome Powell framed the economic landscape in dire terms, stating that “the path we’re on is unsustainable.” One could draw many data points to bolster his point. As of September, the budget deficit ran up to $1.7 trillion, a $320 […]
Softs Report – Monday, October 23

Softs Report – Monday, October 23

 Photo by Mike Kenneally on UnsplashCottonGeneral Comments: Cotton closed lower last week and trends remain down on the daily charts. Demand remains weak for this market with another poor week of export sales reported by USDA. Ideas are that the US could be headed into a recession and cause demand to be soft. Ideas of […]