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Japan
There is no doubt that the past seven years has been a watershed for macroeconomic policy, as well as financial markets, as central banks have ardently cast aside the accepted playbook and moved into the realm of policy experimentation. Subsequently, what was birthed was the quantitative easing process which...
Gold Commodity
The past few weeks have proved to be a relatively large boon for Gold markets as increased geopolitical risk, as well as slipping U.S. centric economic data, has seen the precious metal assail the $1300 handle to trade around the present $1336 an ounce mark. However, the question remains...
Great British Pound Currency Euro
The EURGBP has been on a relatively linear run higher of late as the pair has consolidated some of the recent fundamental and technical gains. Subsequently, the pair has climbed through the 0.9100 handle but the momentum could be about to run out given that there are presently some...
Janet Yellen - Federal Reserve
The past 24 hours have been relatively interesting for those of us who keep a close eye on the U.S. Federal Reserve with the release of the latest FOMC minutes. The minutes contained some interesting comments on the future of the central bank’s enormous balance sheet with most of the...
Euro Dollar Currency
The Euro Dollar initially started the week under pressure as the U.S. JOLTS Job Openings came in above expectations but this sentiment quickly turned around in the face of increased risk from the North Korean crisis. Subsequently, the pair managed to find some support, as capital sought a safe...
Euro Currency
The Euro managed to find a modicum of support during today’s session as the pair despite the very evident ongoing selling pressure. The pair was initially pushed to a low of 1.1687 but managed to claw its way back to trade around the 1.1757 mark following the release of...
Gold prices firmed overnight to close around the $1260.75 an ounce mark as the precious metal reacted to a range of increased risk emanating from renewed tension on the Korean Peninsula. However, there is more than just the ongoing North Korean situation fuelling the drive with the latest U.S....
Wall Street Stocks
The Dow Jones Industrial Average recently crossed the mythical 22,000 mark in open defiance of potential monetary tightening coming from the U.S. Federal Reserve. As many of you may know, there is a direct negative correlation between interest rates and equity prices so it’s especially surprising to see the...
Bank Of England
The Cable experienced another week in the green as the pair reacted to both the U.S. FOMC and UK GDP results. However, it was largely the FOMC’s lack of hawkishness that set off a broad sentiment swing against the greenback and saw the pair significantly buoyed. However, the focus...
New Zealand Dollar Currency NZD
The New Zealand Dollar has been roaring lately as the pair has reacted strongly to the diminished sentiment for the greenback. Subsequently, the pair has risen from a low around the 0.72 handle to form a new high around the 0.7549 mark. This is not an inconsequential rally but...
Oil Commodity
Oil prices soared 4.50% higher overnight as a result of a 10.23M drawdown in the US API Crude Oil Stocks – the largest draw in 10 months. Due to this, much of the market will be bracing for another surge in buying pressure just in case the impending US...
Great British Pound Currency
The Cable had a relatively poor week after the UK Inflation figures surprised the market, coming in well below estimates at 0%, and sending the Cable in to selloff mode. Subsequently, the bears piled into short positions and the pair declined to close the week sharply lower at 1.2992....
Australian Dollar Currency
The AUD had yet another strong rally last week which left many traders scratching their heads given that there was little to explain the aggressive move.  Nevertheless, the week’s performance isn’t entirely without explanation which might be worth delving into before we take a look at what is next...
Euro Currency
The Euro continued to rally strongly last week and currently shows no sign of topping or a loss of momentum.  Much of the bullishness came late in the week when the ECB’s Mario Draghi suggested that Eurozone growth and employment continues to strengthen and hinted that the bank could...
Euro Currency
The Euro Dollar has been on a significant bullish run over the past 24 hours as ECB Chair Mario Draghi stoked the fires of speculation with his latest commentary on the state of the Eurozone economy. Although there was plenty of mixed information for the average trader to digest,...
Great British Pound Currency
The past few days have been relatively volatile for the Cable as the pair has been beset by the softer than expected UK inflation figures. This has caused a relatively rapid depreciation from the recent highs that saw price action collapse from its recent high of 1.3125 all the...
Gold prices have been on the mend in recent weeks but, in doing so, they could be preparing the metal for another slide to the downside in the near-term. Indeed, the rally back to the 100 day moving average could simply be a prelude to a major tumble –...
Australian Dollar Currency
The Australian Dollar has seen a stunning run over the past few weeks as the currency pair has been buoyed by a range of increasingly negative U.S. economic data. In particular, a softening in the Fed’s position regarding rate hikes has seen capital flowing into the AUD and, subsequently,...
US Dollar Japanese Yen
Further losses are looking more and more likely for the Dollar-Yen this week as its technical outlook remains stubbornly bearish. Indeed, we expect the pair to sink through the 100 day moving average to test support around the 110.00 handle within the next week or so. This being said,...
Federal Reserve FOMC Stocks
The markets have been relatively consigned to the fact of a cycle of interest rate tightening from the U.S. Federal Reserve in the coming year given the historic expectation setting that has occurred of late. However, the venerable Fed Chair, Janet Yellen, has tendered some testimony to congress which...
Canadian Dollar
The third leg of the Loonie’s Elliot wave extended somewhat below where it was originally forecasted but the decline is now looking just about ready to reverse. As a result, we could have a week or two of gains before selling pressure resumes and sends the pair back to...
Oil Commodity
Oil prices had a rather abrupt reversal last week, raising concerns that the declining channel was beginning to break down to some extent. However, this seems to be at odds with the broader technical bias which suggests that a rally back up to the 48.55 mark is still plausible....
Great British Pound Currency
The Cable experienced a relatively torrid week as the pair was initially beset by a negative UK Manufacturing PMI result of 54.3. In addition, the Construction PMI also proved disappointing, coming in fractionally lower at 54.8. Subsequently, the pair declined through most of the week to close around the...
US Dollar Japanese Yen
The USDJPY was strongly bullish through most of last week as the pair reacted to the strong US ISM Manufacturing PMI and Non-Farm Payroll figures. Subsequently, there was a relatively strong sentiment swing towards the greenback which saw the pair close the week sharply higher at 113.89. However, it...
Silver
Silver prices have been the subject of significant debate of the past few hours as a result of a flash crash that saw the metal plummet to the $14.27 handle before roaring higher within moments. Of course, this has brought out the usual speculations and accusations about exactly what...
Oil Commodity
Crude oil has been the subject of endless speculation over the past month as the commodity has seemingly retreated in the face of a growing supply glut. Subsequently, many market commentators and pundits have provided forecasts in both directions for the embattled commodity. Therefore, let’s take a look at...
As a result of a breakout below its long-term trendline, gold has ostensibly confirmed recent fears that the metal’s trajectory is going to be rather bearish moving ahead. Indeed, Monday’s nearly 2% slip has cemented the bias of numerous technical readings that had been suggesting that the metal was...
Japanese Yen
The Dollar-Yen has been advancing rather consistently over the past few weeks, largely ignoring the notable selling pressure besetting the greenback. Due to this, it's little wonder that when the pair surged around 1.15% higher yesterday, hopes of challenging May’s high once again began to circle. Unfortunately for the...
New Zealand Dollar Currency NZD
The NZDUSD has been making remarkable progress over the past few weeks and the pair is now seeking fresh highs. Indeed, it looks as though the Kiwi Dollar is well on the way to reaching the 0.7374 mark – potentially inside of a week. As a result, it may...
Euro Currency
The EURGBP has been trending within a fairly reliable channel over the past few months as the pair continues to feel the impact of risk around the Brexit. As expected, price action has been trending steadily higher since it touched the lower channel in late April. However, price action...

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