Australia just released another stronger than expected jobs report. Could this be enough to stimulate a double top break for GBPAUD? Before we continue, yesterday’s watchlist from ICYMI reviewed the USDCAD trend channel ahead of the Canadian CPI release. Be sure to check if it’s still a valid trade! And now for the headlines that have rocked the markets in recent trading sessions:   Fresh […]

I have a few long term range setups on my radar for today and one of them looks like a big breakout. Here are the levels I’m watching closely: Looks like the range assist has held up really well here! EUR/AUD could be on course from here to test its range resistance at 1.5850 minor psychological level. Will it last? I’m getting mixed signals from […]

Are you still on track to reach your trading goals? Are your trading systems living up to their back-and-forward testing potential? If you’re frustrated with your performance, don’t worry. You may be forgetting a few basic truths about trading. Let’s examine some truths that not many traders will tell you, but which will help you in your trading journey:   1. It takes money to […]

GBP/JPY was down 0.7% on Friday, falling from above 155.00 to around 154.00. Risk-off flows and weak UK data weakened sterling, while safe haven demand and lower global bond yields strengthened the yen. GBP/JPY fell sharply on Friday and sharp falls in global stocks and commodities weighed on risk-sensitive currencies like sterling, while a sharp fall in global bond yields on safe-haven demand boosted the […]

European equity markets are sold out across the board, as global equity markets came under pressure from rising yields and heightened expectations, hitting technology stocks in particular. In this environment, strong data releases only add pressure rather than lift sentiment on stocks and the GER30 and UK100 are currently down -1.2% and -0.8% respectively. Core EGBs were little changed, with the 10-year Bund yield falling […]

The weakest start to the new year since 2009 for the US Treasury market continues to undermine equities and support the USD as yields continue to rise.   The Market Week – January week 3 The markets are now in focus inflation and the central banks. Treasuries continue to make a stormy start to 2022 and the move in yields is the main driver of […]

Equity markets fell again (Nasdaq -1.15%) Financial and technology companies led the decline, U.S. dollar slipped like Yields – slides from highs, oil higher again, gold The day’s asset rose to $1842, helped by more hot inflation data from Germany, UK and Canada and strong US housing data. China cut mortgage rates and lifted Asian markets (Nikkei +1.11%). Lagarde: The ECB has reasons NOT to […]

Microsoft Microsoft, the second largest company on Wall Street by market capitalization (after Apple) and developer of the Windows operating system and office suite, is expected to report its results for the quarter ended December 2021 Tuesday, January 25th, after market close. Zacks forecast sales for the quarter at $50.32 billion, above that $43.08 billion in the same period last year (up 16.82%), while the […]

The BoC and FED Policy meetings and press briefings are central bank highlights this week. Rising inflation and slowing economic growth from robust Q4 pace could be exacerbated by Omicron proliferation and renewed mitigation measures, not to mention the impact of the move away from monetary easing and fiscal support. How central banks deal with this dynamic will keep markets jittery. These factors will continue […]