Today, both the Australian and U.S. dollar face two important pieces of news . The Federal Reserve (Fed) will announce its interest rate decision, and a cut is expected due to persistent inflation. However, implementing these significant cuts to control inflation could be challenging, especially with a U.S. president who continues to churn out greenbacks to fund...
Canadian inflation data showing a further drop in January. The next Fed meeting will provide details on rate cuts, and expectations are likely to be missed, which could raise inflation, or at least keep it at its current level. The Bank of Canada meeting on March 6 could bring significant rate changes, possibly with cuts in the second quarter of the year. The...
- the market has been trading in a wide 40$ range, between $80 and $120, since the end of 2023. The medium-term trend is therefore neutral.
- This range interrupted the underlying bullish trend started in the last quarter of 2023. Prices first failed to cross the $120 level, then corrected towards $80 where buyers were numerous and powerful enough to prevent the...
- since the impact below $95 during the 4th quarter of 2023, sellers have clearly taken control of the market. This sharp sell-off took prices to a new low of $68 at the end of December.
Since then, the acceleration of geopolitical tensions in the Middle East and the fear of a widening of the conflict to other nations such as Iran, prices have benefited from a...
Bitcoin has experienced a remarkable resurgence following the approval of Bitcoin ETFs, and one of the main beneficiaries of that revival has been Coinbase, whose share price is closely correlated to the leading cryptocurrency. This development boosted Coinbase's price by 57% in the last quarter, resulting in an incredible 64% increase in transaction revenue to...
- The market has been trading within a bearish channel since the end of December 2023, the medium-term trend is therefore bearish.
- Since the impact over 1.0700, buyers seem to have regained control of the market, taking prices close to the upper limit of their bearish channel.
- Although no significant break of any significant resistance has yet occurred, the...
Today we have witnessed some shocking news that has affected the British Pound , the Japanese Yen and the Australian Dollar. Japanese GDP showed a positive correction, although not enough to meet expectations, while Australian unemployment rates came in positive but below expectations. On the other hand, in the European morning we were faced with negative UK GDP...
- The market trades inside a bullish channel since beginning 2024. The mid-term trend is bullish.
- However, since a new all-time high registered above the 5,000.0pts mark 2 days ago, short-seller seem to have taken control of the market as prices quickly returned to their first support level around 4,970.0pts.
This short-term bearish price action can be...
After yesterday's news about turning the FTSE into a higher weighted index similar to the Nasdaq today we have seen a directional upward correction. The truth is that the London index already lived through a dot.com bubble in the 90's, and although this value weighting is currently very diversified with a lot of weighting to defensive companies or productive...
- Thanks to expectations of a dovish monetary turnaround in the United States during the 4th quarter of 2023, GOLD benefited from the weakness of the US dollar and recgistered higher highs and lows. The medium-term trend was therefore bullish.
- Since the start of 2024 and the end of hopes for rapid rate cuts, the yellow metal has come under pressure from a rise...
It is essential to understand the dynamics and correlation between the main European indices and the EuroStoxx 50. The EuroStoxx 50 is mainly influenced by the German DAX and the French CAC40, showing a strong long-term correlation between these indices. Although this high relationship is evident in the three major indices , it is not observed to the same extent...
European markets have started the week with a positive sentiment after Friday's bullish close on Wall Street, with the USA500 reaching 5000 points. In particular, the IBEX 35 has woken up with the same momentum , although the Italian index has reflected this the most in the early hours. From the end of October to the beginning of December, the IBEX experienced...
This afternoon, the Canadian government will release unemployment data, and the projections are bleak , with high unemployment rates expected at 1000 compared to 15k. Since the Christmas rally, the dollar has shown relative strength against the Loonie. Although it is in a bearish channel relative to the Canadian dollar, its movement has been upward within this...
Today is expected to be a dynamic day for the Euro/Dollar pair , as unemployment rates and bond yields are due for release. Expectations point to a rise in unemployment figures, which is generating bearish market sentiment towards the US dollar. This sentiment is also reflected in the British pound, the New Zealand dollar and the Czech koruna. Although the...
The Sao Paulo stock market, or Bovespa, is characterized by its strong presence in defensive sectors such as banking and insurance companies, as well as in commodity producers such as VALE or PETROBRAS, and energy companies such as ELETROBRAS or EQUATORIAL ENERGIA. This is common in a country with a solid export base of raw materials and foodstuffs such as AMBEV,...
Today we delve into the analysis of three key assets: Gold (GOLD), West Texas oil (LCrude) and gas futures (NGasMar24). At first glance, it may appear that these assets are unrelated, however, since 2020, Gold and Oil have experienced a de-correlated relationship. Gold, despite reaching highs in December, has experienced a de-escalation within a bullish...
The DAX index wakes up to extremely negative German export data , while the German trade balance for December benefits from Christmas orders. Crucial data is expected this morning: the January PMI in Germany (slight decline expected) and in the Eurozone (expected to remain unchanged). In addition, UK and US PMI could impact the day.
From a technical point of...
The intriguing mismatch between the Nasdaq and the 10-year US Bond since last November reveals the strong influence of the 'Magnificent 7' . While the Nasdaq has reached highs in late January continuing the Christmas rally, reaching 17,791.75, the bond has experienced a decline, generating an unprecedented negative de-correlation. Although technical analysis...
