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CHF/JPY Potential Sell Opportunity As The Market Structure Turns Bearish

CHF/JPY Potential Sell Opportunity As The Market Structure Turns Bearish

Image Source: Unsplash   The price is likely to drop to the 164.00 support level in the coming days The trading signal provided should last 1-2 weeks with a potential upside of 2.24% I would recommend watching this trade will the NFP data is published on the US dollar on Friday   CHF/JPY trading strategy  Buy/sell […]
2024 Begins On Defense – Buy Weakness – Enough Said

2024 Begins On Defense – Buy Weakness – Enough Said

Image Source: Pixabay  Welcome to 2024! I hope you had a great long weekend. Mine was full of football, family, and friends along with some yard work, the UCONN game, and some office time. For the bourbon aficionados out there, I won an auction of various labels from the Buffalo Trace family that included three bottles […]
Firm Start For The Greenback

Firm Start For The Greenback

Image Source: Pixabay  Overview: The US dollar begins the new year on a firm note. It is recovering against nearly all the G10 and emerging market currencies today after depreciating in the holiday-thin markets over the past couple of weeks. Japanese markets are on holiday until Thursday. The yen and Swiss franc are the poorest performers among […]
Introducing 2024

Introducing 2024

2024 is not picking up where 2023 left off as futures are sharply lower with the Nasdaq indicated to open the year down over 1% and the S&P 500 down 0.8%. Things weren’t as bad overnight, but the sellers appeared to step in just after Europe opened for trading. While an earthquake in Japan over the weekend […]
Forex Markets 2024: A New Era Of Global Trade Dynamics 
                    
 
 
 
 
 
 
 
 
 

Forex Markets 2024: A New Era Of Global Trade Dynamics                  

As we venture into the new year, the Forex market 2024 is set to undergo significant transformations. Current global conflicts, like those in Ukraine and the Middle East, might disrupt the markets, especially oil prices. In 2024, Foreign exchange strategies are expected to focus more on handling market volatility due to global events and economic policies.Freepik Forex markets […]
Why Biden’s Approval Rating Is Miserable In One Economic Chart

Why Biden’s Approval Rating Is Miserable In One Economic Chart

Income is rising and so are wages. Even real income is up. But real wages are another matter.Personal income data from the BEA, hourly wages from the BLS, real hourly earnings and chart by Mish. Personal Income vs Hourly Wages Notes DPI means Disposable Personal Income. Disposable means after taxes. Real DPI means inflation adjusted […]
Japanese Yen Languishes Near Daily Low Against USD – Bulls Not Ready To Give Up Yet 
                    
 
 

Japanese Yen Languishes Near Daily Low Against USD – Bulls Not Ready To Give Up Yet    

The Japanese Yen weakens a bit against the USD on Tuesday, albeit lacks follow-through. Bets that the BoJ will exit the negative interest rates regime should help limit further losses. Dovish Fed expectations cap the USD recovery and should act as a headwind for USD/JPY.  FreepikThe Japanese Yen (FXY) kicks off the new year on […]
Stocks: The Bull Market Picture Becomes More Blurry

Stocks: The Bull Market Picture Becomes More Blurry

Stocks are poised to open lower, but the question remains: is the uptrend really coming to an end?On Friday, the S&P 500 index retreated from its Thursday’s local high of 4,793.30. However, by the end of the day, it rebounded from the daily low of around 4,752 and closed just 0.28% lower. The broad stock […]
XAU/USD Gold Price Analysis Today: Overall Trend Still Bullish 
                    
 

XAU/USD Gold Price Analysis Today: Overall Trend Still Bullish  

Expectations of a US Fed rate cut in 2024 and a weaker dollar have driven gold prices to a record high of $2,140/oz. The overall bullish trend for gold (XAU/USD) continues, with potential resistance at $2,100/oz, unless the dollar strengthens based on upcoming Fed decisions and US job data.FreepikThe continued pressure on the US dollar […]
Bitcoin Starts 2024 Off Strong, Reaching A Key New Milestone Today

Bitcoin Starts 2024 Off Strong, Reaching A Key New Milestone Today

 Image Source: Pexels   The Bitcoin spot price has started off 2024 by reaching a new key trading price. For the first time in over nine months, Bitcoin’s spot value is over $45,000 today. But is this new milestone really as significant as it seems? And what’s the next big number for BTC? Bitcoin has started […]