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Crude oil overnight shied away from our key resistance at $72.50 highlighted in this article here yesterday www.ig.com as the market pushed back expectations of an Israeli response to Iran's missile attack until the end of the Rosh Hashanah holiday tomorrow.
While its possible, we think its unlikely that Israeli will launch an attack on Iranian oil fields as...
USDJPY finished higher overnight at 146.47 (+0.99%), boosted by stronger-than-expected ADP employment data and comments from new Japanese Prime Minister Ishida, who met with #BoJ Governor Ueda yesterday.
Defying his reputation as a monetary policy hawk, Ishiba said the economy is not yet ready for further rate hikes. At the same time, Ueda reiterated his less...
Bitcoin is trimming its monthly gains into its month end, trading at $63,237 (-3.65%), hastened by the rise in US yields and the USD that followed Fed Chair Powell's less dovish commentary.
We would consider moving back to a bullish bias in #BTC on a dip back towards support at $52,000/$50,000. Conversely, if Bitcoin saw a sustained break above trend channel...
The ASX200 closed out September in style, with the index at record highs after a monthly gain of 2.20%. While the gains at the index level were more a steady march higher, there were fireworks at a sector level as easing measures announced in China last week sparked a tectonic shift from out of the banks and into the big miners.
Provided the ASX200 confirms...
USD - An end-of-month/QTR rebalancing bounce in the offering.
A rise in long-end US yields and the start of month-end rebalancing flows overnight helped the beaten-up USD index, the DXY, bounce from a fourteen-month low.
The rule of thumb for month-end/QTR-end rebalancing flows, whether it be in stock indices, bonds or FX, is to "buy the losers and sell the...
On Friday, the ASX200 ran head-on into our band of daily and weekly trend channel resistance at 8230/50ish, from which we saw initial rejection.
A loss of support at 8120/00ish is needed for Friday's rejection to become more significant, which would then warn that a deeper pullback towards 7900 is underway. Aware that should the ASX200 break above resistance at...