EURUSD bears appear to be losing momentum absent any fresh catalyst for pushing their agenda. With Tuesday’s high wave spinning top risks going forward is for prices to consolidate until the next big news to rock market sentiment. Calendar wise there is little to potentially move the market though geopolitics remains something to be alert…
Yen pairs saw a sudden drop across the board at the open of New York with USDJPY seeing lows of 153.89 from 154.76 in two minutes, EURJPY dropped to lows 163.772 from 164.554, and GBPJPY with lows of 191.856 off 192.794. Note market was highly wound up over extremely Overbought USDJPY, EURJPY, and GBPJPY and…
Among equity indices two key correlations to watch out for are those between the big three in the US DJIA (US30), S&P500 (US500), and NASDAQ (USTEC). The other not so well followed is that between DJIA, S&P500, and the UK’s FTSE all three indices representing broad segments of their respective economies. Over the past two…
Gold’s rally since February has largely been fueled by a combination of safe haven plays and talk of Central Bank demand as inflation expectations pointed to an upcoming easing. Two months later we see the yellow metal at historic highs though unable to hold Friday’s pop higher for a long wick in daily charts. Resistance…
As we enter a new trading week, markets continue to digest a variety of significant economic indicators and geopolitical tensions that are influencing asset prices across the board. Here is an in-depth analysis of the current global financial landscape and its implications for the week ahead. U.S. Dollar and Treasury Yields SurgeThe U.S. dollar has…
The Iran-Israel conflict has reached a pivotal moment, as Iran launches a direct attack on Israel for the first time in history. Despite this escalation, the market response is expected to be muted. The United States has indicated it will not engage in any retaliatory strikes alongside Israel, and Iran has characterized the assault as…
Bitcoin remains our favored none correlated asset for the moment shrugging off the geopolitics that has dominated other asset classes. For now the dominant theme in the Crypto world is Bitcoin Halving where mining rewards for the crypto currency will be halved opening the potential for inflation at a time when the asset class is…
Surprisingly Oil prices Friday settled right where it opened after a brief peek above 91.51, six months high, over the Iranian threat of an attack on Israel, later “Operation True Promise”. We note that oil has largely been buoyed by global conflicts and attempts to constrain supply by OPEC, even as demand remains tepid amidst…
EURUSD saw a follow drop to its sell-off from Wednesday courtesy of a looming threat of airstrikes from Iran on Israel. The Iranian regime subsequently launched 200 missiles and drones towards Israel after giving notice and now considers the matter close. This puts the bag in Israel’s hands will it conduct a retaliation in turn…
Bitcoin halving is a key event in the cryptocurrency world that occurs approximately every four years. This phenomenon is a part of Bitcoin’s underlying code and plays a crucial role in maintaining its value over time. What is Bitcoin Halving? Bitcoin halving is when the reward for mining Bitcoin transactions is cut in half. This…