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Crude Oil Commentary – Wednesday, December 20

Crude Oil Commentary – Wednesday, December 20

Red Sea Disruption Supporting OilOil prices are rising for a third straight session today as concerns over Red Sea shipping routes fuel a spike in prices. Many major companies including those transporting oil have paused shipping routes through the Red Sea on the back of recent attacks from Yemen’s Houthi forces. With no indication yet […]
GBP/USD Forex Signal: Falls On Lower UK Inflation Surprise

GBP/USD Forex Signal: Falls On Lower UK Inflation Surprise

The price action looks too bearish on higher time frames such as the hourly and above to take any long trade, but a long scalp from this area was possible and it remains possible still to maybe enter again.My previous GBP/USD signal on 6th December was not triggered as the bearish price action took place slightly above […]
Gold To Soar After Stock Market Blow-Off Top

Gold To Soar After Stock Market Blow-Off Top

Image Source: Unsplash  I have been writing about this for years, but it bears repeating because many gold bugs deny or gloss over its reality.Although Gold is hovering around all-time highs, the precious metals sector will remain in a secular bear market until the stock market and the economy crack.Let’s review the historical picture.The biggest moves […]
USD/CAD Price Analysis: Investors Reevaluate BoC Rate Cuts

USD/CAD Price Analysis: Investors Reevaluate BoC Rate Cuts

Wednesday’s USD/CAD price analysis revealed a bearish sentiment as investors adjusted their expectations, stepping back from expecting interest rate cuts by the Bank of Canada in the upcoming months. This expectation shift came after domestic data revealed that Canada’s inflation held steady in November.Meanwhile, analysts anticipated a decline to 2.9%. Therefore, they were surprised as […]
China Kept Interest Rates At Current Levels

China Kept Interest Rates At Current Levels

Image Source: Pexels  As of Tuesday’s stock market close, the Dow Jones Index (US30) was up by 0.68%, while the S&P 500 Index (US500) added 0.59%. The Nasdaq Technology Index (US100) closed positive by 0.66%. Meanwhile, the Dow Industrials (US30) and Nasdaq (US100) indices rose to new all-time highs. Stocks rose on Tuesday as bond yields fell amid optimism of a Fed rate cut. […]
Will The JPY Find Dip Buyers Now?

Will The JPY Find Dip Buyers Now?

Image Source: Unsplash  The Bank of Japan met this week and failed to signal a clear end to its negative interest rate policy. This allowed the JPY to weaken and lifted the JPY crosses higher.However, the big picture has not changed! The Bank of Japan is still expected to end negative interest rates around the spring […]
FedEx Q2 EPS Dips To $3.99; Stock Plunges In Premarket

FedEx Q2 EPS Dips To $3.99; Stock Plunges In Premarket

Image Source: Unsplash  FedEx reported a challenging second quarter in 2024 with adjusted EPS falling short expectations.FedEx Corporation (FDX) recently released its financial results for the second quarter of 2024. The company reported a diluted EPS of $3.55 and an adjusted EPS of $3.99, falling short of the expected EPS of $4.19. The revenue for the […]
EUR/USD Forex Signal: Another Small Double-Top Pattern Forms

EUR/USD Forex Signal: Another Small Double-Top Pattern Forms

The EUR/USD pair also reacted to the mixed economic data from the US.  Bearish view Sell the EUR/USD pair and set a take-profit at 1.0900. Add a stop-loss at 1.1000. Timeline: 1-2 days.  Bullish view Set a buy-stop at 1.0990 and a take-profit at 1.1050. Add a stop-loss at 1.0900. The EUR/USD price rose for two straight days even after […]
Is This The Black Swan Event The Fed Is Preparing For?

Is This The Black Swan Event The Fed Is Preparing For?

Image source: Pixabay  There are several reasons why suddenly the Fed has accepted market rates going sharply lower.The soft landing scenario might be in greater jeopardy than recent data indicates – or it might more likely come from outside the US. Our focus here, however, is on the financial.What if conditions in the CRE market we […]
USD/CAD Rebounds From Multi-Month Low, Upside Potential Seems Limited

USD/CAD Rebounds From Multi-Month Low, Upside Potential Seems Limited

Image Source: DepositPhotosThe USD/CAD pair stages a modest bounce from its lowest level since August 4, around the 1.3330 area touched earlier during the Asian session on Wednesday and recovers a part of the previous day’s Canadian CPI-inspired losses. Spot prices currently trade just below mid-1.3300s, up 0.10% for the day, though any meaningful appreciating […]