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Sensex Today Trades Flat; Nifty Above 24,800

Sensex Today Trades Flat; Nifty Above 24,800

Japanese equities showed signs of resilience as other Asian markets opened lower, as investors prepare for comments from Jerome Powell later Friday.Equities in Australia and South Korea fell alongside Hong Kong share futures.US stocks fell on Thursday after the Federal Reserve’s (Fed) minutes signaled an interest rate cuts set to begin. US business activities fell to […]
GBP/JPY Price Forecast: Falls To Near 191.00, Testing The Lower Boundary Of The Channel

GBP/JPY Price Forecast: Falls To Near 191.00, Testing The Lower Boundary Of The Channel

GBP/JPY may find immediate resistance around the 21-day EMA at 191.63. The daily chart analysis indicates a potential for a weakening bullish bias. A breach below the ascending channel could signal the emergence of a bearish bias. GBP/JPY retraces its recent gains from the previous two days, trading around 190.90 during the Asian session on […]
FX Daily: The Art Of Saying Nothing

FX Daily: The Art Of Saying Nothing

Image Source: Unsplash  There is often greater value in saying too little than too much in central bank communication and a market that is already pricing in a 50bp Fed cut by December may prompt Chair Powell to avoid strong guidance today at Jackson Hole. The dollar might like it, but the impact should be short-lived. BoE […]
Oil And Natural Gas: Oil Struggles To Retain New Support

Oil And Natural Gas: Oil Struggles To Retain New Support

Oil chart analysisDuring this morning’s Asian session, the oil price hovered around the $73.00 level. The EMA 50 moving average supports the price and is in an excellent position to continue to the bullish side. By rising to $74.00, we would form a two-day high, which would strengthen our bullish recovery. Potential higher targets are $74.50 and […]
BTC/USD Forecast: Resistance At $62,000 Looms

BTC/USD Forecast: Resistance At $62,000 Looms

Bitcoin has been somewhat negative during the trading session on Thursday as the 50 day EMA continues to offer a bit of resistance. Above there, we have the $62,000 level, which has been like a ceiling. I think that’s an area that until we break above continues to be a major concern. It’s also worth […]
EUR/USD Holds Key Support Of 1.1100 Ahead Of Powell’s Speech At Jackson Hole

EUR/USD Holds Key Support Of 1.1100 Ahead Of Powell’s Speech At Jackson Hole

 Image Source: Pixabay   EUR/USD edges higher as the US Dollar drops as traders shift their focus to Fed Powell’s speech at the Jackson Hole Symposium. Investors look for fresh interest-rate guidance for September and the remainder of the year. The ECB is widely anticipated to cut interest rates again in September. EUR/USD recovers mildly to […]
All Eyes On Fed Chair Powell

All Eyes On Fed Chair Powell

Image source: Pixabay  The story for Friday is going to be about digesting the latest wave of dollar weakness and US equities strength to determine if we should expect more to come in the days and weeks ahead. The market is pricing about 100 basis points of Fed rate cuts between now and year end and […]
Metal Markets Report For Thursday, Aug 22

Metal Markets Report For Thursday, Aug 22

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:10:19More By This Author:Financial Markets Report For Thursday, Aug 22SPDR ETF Report For Wednesday, Aug 21Financial Markets Report For Wednesday, Aug 21
CNY At A Glance: Is The Worst Of China’s Depreciation Pressure Over?

CNY At A Glance: Is The Worst Of China’s Depreciation Pressure Over?

Image Source: Unsplash   Counter-cyclical factor has moved back toward 0 amid CNY recovery  The People’s Bank of China utilises a counter-cyclical factor which is an adjustment to their daily fixing during periods of high volatility. This tool is used to maintain the relative stability of the yuan and is one of the two main deciding factors […]
Three Things – Happy (Almost) Weekend

Three Things – Happy (Almost) Weekend

Image Source: PexelsHere are some things I think I am thinking about this week:1) That BIG Employment Revision.The biggest news of the week was the -818K employment revision for 2024. This was the biggest revision since 2009 and very large by any measure. For perspective, here are the most recent revisions: 2018: +43K 2019: -501K 2020 […]