Market Snakes Follow Ladders
Canada’s Venture Composite Index (a basket of economically sensitive micro-cap companies, 44% weighted in materials, 30% information technology, 15.74% in energy, 3.5% health care, 2.48% financials, 1.85% industrials, .58% communication services, and .32% consumer discretionary) appears to concur with former BoC head Stephen Poloz’s recessionary assessment.When the real economy expands, rising demand for commodities and […]
Czech Headline Inflation Remains Unchanged
Image Source: Pexels Headline inflation remained elevated in November, but core inflation softened marginally. Worries about above-target inflation next year or the lukewarm economic recovery will drive the upcoming decision about a pause or another cut. Still, real interest rates are drifting lower while wage growth and spending remain robust. Food prices drive inflation, while alcohol and […]
Forex: China Stimulus – Another False Dawn Or The Real Deal?
Image source: Pixabay While I typically harbor skepticism toward China’s grand stimulus declarations, the price action in FX markets speaks volumes. The uplift in Asian FX might seem promising, especially the CNH, but I see these shifts as optimal moments to hedge against Trump’s looming tariff threats. All this stimulus chatter should get under President-elect Trump’s skin, who […]
Japanese Yen Weakens As USD/JPY Climbs Amid BoJ Rate Hike Uncertainty
Image Source: Pixabay The market remains split on whether the BoJ will implement a rate increase in December or delay it until January.Recent statements from BoJ Governor Kazuo Ueda highlighted that a rate hike is imminent, based on stable economic indicators aligning with expectations. Contrarily, BoJ policymaker Toyoaki Nakamura expressed concerns over the sustainability of wage […]
USD/CAD Refreshes Four-Year High Near 1.4200 With US Inflation, BoC Policy In Focus
Image source: Pixabay USD/CAD rises to a fresh four-year high near 1.4200 ahead of BoC monetary policy announcement and the US inflation. US core CPI is estimated to have grown steadily by 3.3% in November. Investors expect the BoC to cut interest rates by 50 bps on Wednesday. The USD/CAD pair posts a fresh four-year high near […]
Portfolio Rebalancing And Valuations – Two Risks We Are Watching
While analysts are currently very optimistic about the market, the combined risk of high valuations and the need to rebalance portfolios in the short term may pose an unanticipated threat. This is particularly the case given the current high degree of speculation and leverage in the market. It is fascinating how quickly people forget the painful beating of […]
The RBA Kept The Rate At 4.35%
Image Source: Pexels At Monday’s close, the Dow Jones Index (US30) was down 0.54%. The S&P 500 Index (US500) fell by 0.61%. The Nasdaq Technology Index (US100) lost 0.84%. Stocks in the US started the week lower as Nvidia shares fell amid an antitrust investigation in China, and investors were cautious ahead of a crucial inflation […]
BTC/USD Forex Signal: Rising Wedge, Bearish Divergence Forms
Bearish View Sell the BTC/USD pair and set a take-profit at 92,000. Add a stop-loss at 104,000. Timeline: 1-2 days. Bullish View Buy the BTC/USD pair and set a take-profit at 104,000. Add a stop-loss at 93,000. The BTC/USD pair retreated below 98,000 in the overnight session as the recent Bitcoin rally lost momentum. Bitcoin […]
RBA Holds But More Dovish Than Expected
Image Source: Pixabay We’re seeing a lot of consolidation in markets ahead of some key economic data and central bank policy risk later this week. This includes tomorrow’s Bank of Canada decision and US inflation data, and an ECB decision on Thursday.Video Length: 00:00:42More By This Author:US Dollar Bid Returns After Solid Economic Data All Eyes […]
BTC/USD Forecast: Bitcoin Falls From Familiar Level However, there are Levels I am Watching
In my daily analysis of Bitcoin, I feel like I am stuck in the movie “Groundhog Day.” For those of you not familiar, it’s essentially a movie where the protagonists wakes up in the same day over and over. In other words, he is really just living through a 24 hour timeframe. The same things […]
