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Correction likely in the near term
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CME Group’s flash data for natural gas futures markets noted traders trimmed their open interest…
XAG/USD remains below 200-day SMA/61.8% Fibo. confluence
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Silver climbs to a one-week high on Monday, albeit struggles to capitalize on the move up.
The…
Crude Oil Steadies as Markets Assess Middle East Risks Ahead of the Fed
Crude Oil, WTI, Brent, US Dollar, Gold, FOMC - Talking PointsCrude oil might be in for sideways action as the Middle East conflict unfoldsHaven assets remain desirable amongst the noise and volatility as gold surgesThe markets appear…
Canadian Dollar Outlook After BoC Stands Pat: USD/CAD, EUR/CAD, AUD/CAD
Canadian Dollar Vs US Dollar, Euro, Australian Dollar - Outlook:USD/CAD is testing major resistance.AUD/CAD is attempting to rebound from strong support.No sign of reversal of EUR/CAD’s broader uptrend.What is the outlook and key levels…
Australian Dollar continues the winning streak amid stronger Retail Sales
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Australian Dollar strengthened due to the subdued US Dollar.
Australia’s Retail Sales increased to…
Gold Price Jumps Hurdles Ahead of Fed and Despite a USD Rally. Higher XAU/USD?
Gold, XAU/USD, US Dollar, Fed, FOMC, Treasury Yields, Real Yields, GVZ Index - Talking PointsThe gold price leapt to new highs as haven demand continuesThe psychological US$ 2,000 mark has been eclipsed with volatility ticking upThe FOMC…
Play of the Day Recaps: October 23 – 27, 2023
Geopolitical drivers were still driving price action but a heavy week of top tier catalysts took some attention away and required our strategists to be more strict with triggers and biases based on scenarios.
Overall, we argue that at…
Nasdaq, Gold, US Dollar; FOMC, BOJ, BoE, China PMI, Euro Area Inflation, US Jobs
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Global equity markets declined, led by…
Trading system: Market Cycles – Analytics & Forecasts – 30 October 2023
Market Cycles is a unique proprietary indicator that uses a neural network to determine the current market phase. For training, the neural network uses cyclic (reversal) patterns. Currency markets tend to cycle from…