This afternoon US releases are expected to affect the US indices in particular the Dow Jones (Ticker AT: USAIND) retail sales, also fuel and auto sector, and the NY Empire State manufacturing index from the Federal Reserve which compiles a survey of the top 200 executives of the top companies in the sector. A change in this index can indicate the pulse of exports,...
- The market has been trading inside a bearish channel since the beginning of April ; the short-term trend is then bearish.
- This bearish short-term trend took place after short-sellers took control of the market following a new record high above 18,600pts.
Indeed, the prospect of a "higher for longer" narrative regarding monetary policies made the current high...
Metals this month have seen a meteoric rise of 5.78% since April 2 when gold's long-term range broke to the upside and has continued to do so throughout the fortnight. Since the Asian opening, gold has experienced a 0.92% growth. As we have said, gold, silver, copper and platinum have experienced a quite pronounced growth in their upward demand. The trade war...
- The market has been trading inside a bullish channel since November 2024 ; The long-term trend was then bullish.
- More recently, the latest batch of solid macro data underlying the resiliency of the US Economy, and with the latest CPI report topping expectations, investors have scaled back their hopes of a quick dovish switch from the FED.
This led to a...
The market has opened today Thursday with a restrained opening dominated by the mood that may be caused by ECB President Lagarde today at noon, in its monetary policy with the aim of cutting interest rates. Interest rates are likely to remain on hold until the summer where both the Fed and the ECB will continue to make a measured monetary policy move, as the ECB...
- The market has been trading above a bullish trendline since mid-March. The mid-term trend is then bullish
- Since the impact below and a new 9-years high at 100.812, the market registered a sharp pull-back, with an acceleration brought by today's disappointing US CPI report.
This correction happened following a bearish divergence between the market and the MACD...
Important U.S. manufacturing and inflation data for the month of March will be released this afternoon. On the sidelines, the American Bank Lenders Association (MBA) loan purchase index will be released to provide additional insight into the impact of household debt. The afternoon will close with U.S. crude oil stockpiles and end the afternoon with Chicago Fed...
- The market has been trading inside a bullish channel since the end of February ; the mid-term bullish.
- The bounce back over the 0.5915 zone has recently ended the very short-term corrective move. Since then, the market registered a bullish acceleration towards its last top at 0.5989.
Both moving averages remains bullish, but the MACD indicator shows a...
The euro against the yen this week will face impactful news that could generate movements in this currency cross. In addition to bonds and ECB releases, there will be trade balance and inflation news from several euro zone countries. Regarding Japan, although it does not seem important this week, the Ministry of Health, Employment and Welfare releases begin this...
European assets started in positive territory on Monday, led by the German DAX (Ticker AT: GER40), following positive production data from the eurozone's strongest economy at the end of last week. The start of the week is not going to stop this trend despite the fact that the imports vs. exports data reflect a negative trade balance, with lower than expected...
This afternoon, US and Canadian markets face important data that could move the needles in a bearish direction for the greenback. Unemployment, non-farm payrolls and US government wages figures are particularly prominent, against expectations of improving Canadian employability in the face of a bearish outlook in the US. This could drive a strong revaluation of...
There will be a lot of activity in the EURCHF and USDCHF crosses today as these three currencies have important news. Swiss inflation and production data will mark the start of the day, followed by news on manufacturing indices from several Eurozone countries, along with long-term debt auctions from France and Spain. In the afternoon, the impact of exports,...
- The market has been trading laterally since May-2023, the long-term trend was neutral.
- Over the past few days, prices have registered a strong bullish acceleration which led the market to a 2-years high above 26.80$.
Both short moving averages are bullish, and the MACD indicator confirms the bullish pressure and directionality.
- The fact that the market...
The EURUSD cross is in the spotlight today, with the expectation of key Eurozone unemployment and inflation data. Although forecasts suggest stability, we could be surprised by unexpected optimism. Meanwhile, industrial production data could show a slight decline, especially after yesterday's German figures slightly below expectations. In the US, mortgage debt...
- The market has been registering higher highs and lows since November 2023, leading prices to a new historical high above 5,130pts. The long-term trend is therefore bullish.
- Today, the market has registered a strong failure below 5,132pts, which led prices back to their mid-term bullish trendline around 5,050.0pts.
Both EMA are stalling while the RSI has...
European stock markets have started the quarter with positive momentum, highlighting the focus on German inflation data that could influence the European Central Bank's next decision. Germany's economic performance is usually a key indicator for the eurozone as a whole. The return of investors to the market after the Easter holidays has contributed to the moderate...
- The market has been trading inside a wide trading range for 5 weeks, the mid-term trend was then neutral.
- At the end of March, sellers have become powerful and numerous enough to take control of the market, leading prices to a bearish breakout of the lower bound of their range.
Investors, pushed by hopes a dovish monetary switch in the Eurozone, have...
VUCA= volatility, uncertainty, complexity, and ambiguity
During the Asian session, the price of LCRUDE crude oil experienced fluctuations, ranging between $82.93 and $83.05, with a slight decrease of -0.45%. However, with the opening of the European market, the price began to recover. Factors such as expectations of cuts from the Organization of the Petroleum...
