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GBP/USD Forex Signal: Forecast As Crude Oil Price Dips

GBP/USD Forex Signal: Forecast As Crude Oil Price Dips

The GBP/USD exchange rate has retreated sharply after peaking at 1.2430 last Friday.  Bullish view Buy the GBP/USD pair and set a take-profit at 1.2335. Add a stop-loss at 1.2250. Timeline: 1-2 days.  Bearish view Set a sell-stop at 1.2275 and a take-profit at 1.2200. Add a stop-loss at 1.2335. The GBP/USD exchange rate dropped for three straight days as […]
USD/CAD Price Analysis: Trades Inside Wednesday’s Range Ahead Of Fed Powell’s Speech

USD/CAD Price Analysis: Trades Inside Wednesday’s Range Ahead Of Fed Powell’s Speech

 Photo by Michelle Spollen on Unsplash   USD/CAD oscillates inside Wednesday’s range as investors await a speech from Fed Powell. Jerome Powell might emphasize keeping interest rates higher for a longer period. USD/CAD continues to move higher in a Rising Channel chart pattern. The USD/CAD pair trades back and forth in a narrow range near the crucial resistance […]
Crude Oil Commentary – Thursday, November 9

Crude Oil Commentary – Thursday, November 9

China/US Demand FearsCrude prices have come under heavy selling pressure this week with crude futures dropping to their lowest level in over three months yesterday. The sell-off comes amidst an uptick in concerns over the demand outlook in the US and China. Last week’s set of weaker-than-forecast US jobs data has raised fears that the […]
Fed Still Not Willing To Bend To The Will Of The Market

Fed Still Not Willing To Bend To The Will Of The Market

Image source: Pixabay  Things have been relatively quiet over the past 24 hours. But overall, the takeaway has been one in which most central banks have been communicating less hawkish messages, while the Fed continues to talk higher for longer.Video Length: 00:01:09More By This Author:Dollar Up Across The Board What The Market Wants Is Not The […]
A Global Recession Is Starting

A Global Recession Is Starting

Image Source: Pixabay  Oil market selloff is picking up taking gasoline prices along for the ride. The recession noises are getting louder and louder reminding us again there are no soft landings. It was pure coincidence, yet appropriate anyway Fed Chair Jay Powell addressed some of his staff statisticians and cautioned them about how often they […]
Two Trades To Watch: EUR/USD, USD/JPY Outlook

Two Trades To Watch: EUR/USD, USD/JPY Outlook

Image Source: Unsplash  EUR/USD holds above 1.07 ahead of ECB Lagarde & Powell’s speech Hawkish comments from the ECB Chief economist support the EUR Recession concerns linger EUR/USD holds above 1.07, resistance seen at 1.0750 EUR/USD is holding steady above 1 07 after modest gains in the previous session. Investors wait cautiously for speeches from ECB […]
Strategic Update – Q4 2023

Strategic Update – Q4 2023

Here’s our latest strategic update given recent changes for Q4 and beyond. Freepik Macroeconomic OverviewOur macroeconomic forecast for 2023 called for a year of disinflation and “muddle through”. That means we expected the economy to remain sluggish and for inflation to show positive rates of change that were sequentially slower. Real GDP has averaged 2.3% and inflation […]
Hanesbrands: No Signs Of Recovery Just Yet

Hanesbrands: No Signs Of Recovery Just Yet

Image Source: Unsplash  IntroductionAlthough Hanesbrands (NYSE: HBI) is in the midst of a multi-year turnaround plan, the company is currently generating negative Net Operating Income and negative margins. The discrepancy between expectations and actual results raises important questions about the company’s strategic decisions and its ability to achieve its long-term objectives.My outlook for Hanesbrands is moderately […]
Daily Market Outlook – Thursday, Nov. 9

Daily Market Outlook – Thursday, Nov. 9

Image Source: Unsplash  Asia – stocks were mostly on the rise today, taking cues from a positive trend on Wall Street. Across most major markets in the Asia-Pacific region, things were looking green, although Chinese markets didn’t quite keep up the momentum. The Nikkei 225 had a strong start, benefiting from recent weakness in the JPY, […]
Rates Spark: The 4.5% Line In The Sand Is Breached

Rates Spark: The 4.5% Line In The Sand Is Breached

The US 10yr auction tailed, but the bond bulls don’t seem to care. It looks like the market is playing with a change in the rate cycle discount. It’s not illogical, but likely a tad early, and ignores the higher deficit-induced real rate narrative. That has not gone away, but it’s under wraps for now.Pixabay US […]