Kels

Kels

Both ISM Manufacturing Index and Non-Manufacturing Index vs. GDP YoY% for the US economy. ISM Manufacturing: Yellow ISM Non-Manufacturing: Blue GDP YoY%: Green/Red ISM Manufacturing currently signaling contraction with a level below 50 and the momentum seems lower. Non-Manufacturing Index is likely to follow the same path although currently signaling growth,...

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The US dollar index, technical analysis compared against the seven other major FX currencies(AUD, CAD, JPY, CHF, GBP, EUR, and NZD), is at a strong resistance level, with RSI momentum levels close to being overbought. Fundamentally and based on the analysis of various economic indicators, the US dollar appears to be leaning towards an inflationary bias, but...

Kels

Momentum is to the downside for the EUR/USD pair ahead of expectations for the US Central Bank (the FED) to rise Interest Rates by another 25 basis points. One also have to take in consideration that the European Central Bank (ECB), is also expected to rise rates. Besides many other economic indicators we can use, a quick one to judge the market sentiment is...

Kels

The GBP/NZD pair has been on uptrend and touching resistance levels 4 times around the 2.080 level. Each time, it comes back to the upward trend-line and gets bid higher. There're high probabilities than it could break above this level soon. Weekly Chart showing the Long-term Support and Resistance areas. In addition, the pair has a tail-wind...

Kels

On this Monthly Chart we can see the correlation between the 10Y Government Bonds (in teal) vs. the Dollar Index - DXY (in light orange). The correlation is somewhat pretty strong and the 10Y can be used to somewhat predict moves in the Dollar Index (DXY). Now looking at the Daily chart, we can see that the 10Y has been growing from a support level of...