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FX Daily: Waiting For The Fed Pushback
Image Source: Unsplash FX markets are consolidating after a few risk-on days. We have seen some strange price action on the back of the RBA’s 25bp hike and some mixed Chinese data. For today, it looks like a relatively quiet session, although the focus will be on how aggressively the line-up of Fed speakers wants to […]
GBP/USD Forex Signal: Rally Stalls But More Upside Highly Likely
The GBP/USD pair has been in a strong uptrend in the past few weeks. Bullish view Buy the GBP/USD pair and set a take-profit at 1.2500. Add a stop-loss at 1.2300. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2335 and a take-profit at 1.2280. Add a stop-loss at 1.2500. The GBP/USD exchange rate continued its comeback even as […]
OPEC+ Countries Will Maintain Crude Oil Production Cuts Until The End Of The Year
Image Source: Unsplash At Monday’s stock market close, the Dow Jones Index (US30) added 0.10%, while the S&P 500 Index (US500) increased by 0.18%. The Nasdaq Technology Index (US100) closed positive by 0.30% on Monday. Stocks rose on Monday on the back of positive developments from last Friday, when a weaker-than-expected October US jobs report and October ISM services report showed a […]
Solana And Cardano: Solana Has Support At The 40.00 Level
Solana chart analysisThe price of Solana is trading in the range of 40.00-42.50 for the fourth day in a row. We need to jump out of this consolidation in order to start some trend. We would interpret the jump to the 43.00 level positively if we managed to maintain it above the 42.50 level after […]
Hedge Funds Have Made Billions
Image Source: Pexels Regulators are almost feuding with hedge fund “speculators” over something called a basis trade. The former alleges it is a huge systemic risk, and they are right though for the wrong reasons. In the latter group, supporters point out funds have become necessary balance sheet warehouses for Treasuries because of a key gap. […]
What The Market Wants Is Not The Same As What It’s Getting
Image Source: Pixabay As has been the case for many months now, there’s what the market would like to see, and then there’s what messages are coming out of the Federal Reserve. Lately, the market has been doing its best to once again pressure the Fed into needing to reconsider its higher for longer policy mantra.Video […]
Aussie Market Commentary – Tuesday, November 7
Bullock Hikes Rates FurtherThe Australian Dollar has come under heavy selling pressure today despite the RBA hiking rates once again overnight. New RBA governor Bullock lifted rates by a further .25% to record highs of 4.35%, their highest level for 12 years, on the back of Q3 inflation coming in stronger than expected. Looking ahead, […]
New Home Prices Falling Slowly, Still Fully Unaffordable
New home prices are trending downward. They’re falling, but they are falling very slowly.But because mortgage rates have been rising, they’ve become fully unaffordable for the typical American household. The average 30-year conventional fixed-rate mortgage now has an interest rate approaching 8%. Mortgage rates have doubled since 2019.What does doubling the average mortgage rate do to the […]
Slightly Smaller US Corn & Soybean Crops Dip Ending Stocks This Month
Photo by Meredith Petrick on Unsplash Market AnalysisAfter declining US corn & soybean monthly yields since Aug for the 2nd year in a row, the trade is expecting stability to a slight increase in 2023’s November Thursday report. This year’s erratic US growing season began when Central US dryness advanced into late June before moderate […]
BTC/USD Forex Signal: BTC Forms A Bullish Pennant Pattern
Bitcoin’s volume has continued falling while the Relative Strength Index (RSI) has formed a bearish divergence pattern. Bullish view Buy the BTC/USD pair and set a take-profit at 36,000. Add a stop-loss at 34,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 34,500 and a take-profit at 33,000. Add a stop-loss at 36,000. The BTC/USD pair continued consolidating this […]
