Category: Analysis
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Expert Analysis: Why Ethereum And Bitcoin ETFs Struggle To Gain Traction In Hong Kong
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As excitement continues to grow surrounding the introduction of spot Ethereum and Bitcoin ETFs in the United States, Hong Kong has embarked on its journey to create a spot ETF market for these digital assets. But the performance of Hong Kong ETFs has not matched their success in the US,…
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Copper Technical Analysis – The PBoC triggers a strong rally
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Basic Overview The People’s Bank of China announced a series of easing measures tonight, ranging from short-term to long-term interest rates. This was the catalyst for the rise in copper prices. Things are starting to look better for the market as we also got a 50bps rate cut from the…
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Crude Oil Technical Analysis – Testing a key resistance
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Basic Overview Crude oil remains supported as buyers may be looking at the implications of the Fed’s easing cycle on economic activity. As a reminder, crude oil positions are at all-time lows and sentiment is very bearish. These factors can generally provide great opportunities for reversal. The main reason that…
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Crude Oil Technical Analysis – Testing a key resistance
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Basic Overview Crude oil remains supported as buyers may be looking at the implications of the Fed’s easing cycle on economic activity. As a reminder, crude oil positions are at all-time lows and sentiment is very bearish. These factors can generally provide great opportunities for reversal. The main reason that…
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NZDUSD Technical Analysis – The USD stays under pressure ahead of the FOMC
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Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timiraos is…
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USDJPY Technical Analysis – The USD stays under pressure on a larger cut chance
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Basic Overview Last Thursday, The Wall Street Journal’s Timiraos published an article that seemed to suggest that a 50 basis point cut was still under discussion. The market responded by raising the odds of a 50 basis point cut to about 40% from 13% before the news. Nick Timeraos is…
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USDJPY Technical Analysis – Fed “insider” Timiraos weakens the USD
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Basic Overview Yesterday, around 1:00 p.m. EST, Timeraus of the Wall Street Journal published an article that seemed to suggest that a 50 basis point rate cut was still under discussion. The market responded by raising the odds of a 50 basis point rate cut to around 43% from 13%…
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Gold Technical Analysis – We remain stuck in the range
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Basic Overview Markets were waiting for the US non-farm payrolls report for a clear signal of a 25 or 50 basis point rate cut at the upcoming FOMC meeting, but instead we got a mixed report with some better details. As a result, the odds of a 50bp rate cut…
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USDCAD Technical Analysis – A better than feared NFP boosted the USD
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Basic Overview The US dollar came under further pressure last week as a series of weak US data pushed Treasury yields lower. However, Friday’s non-farm payrolls report was not bad, on the contrary, the data under the hood was better than the previous month. This helped the US dollar erase…
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USDJPY Technical Analysis – The NFP report keeps the market guessing
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Basic Overview The USD/JPY pair eventually fell to its lowest level in August after a series of weak US data pushed Treasury yields lower, giving the yen a morale boost. Friday’s nonfarm payrolls report wasn’t bad, on the contrary, the data was better than the previous month. However, the labor…
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Trade ideas thread – Monday, 9 September, insightful charts, technical analysis, ideas
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Crude Oil Technical Analysis – Consolidation ahead of the US NFP report
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Basic Overview Last week was a tough one for crude oil as the price fell more than 6% on renewed growth concerns amid weak US data. OPEC+’s delay in increasing production from October did not spark a rally but helped slow the downward momentum. Much now depends on today’s US…
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Gold Technical Analysis – All eyes on the US NFP
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Basic Overview Gold has been steadily rising this week since bouncing off the recent range low. Weak US job openings data on Wednesday gave it the support it needed to push towards key resistance at 2530. The move was driven by lower real yields, as weaker US data has pushed…
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NZDUSD Technical Analysis – We are testing a key trendline
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Basic Overview Yesterday, we got the US ISM Manufacturing PMI, and although the headline number came in below expectations, the report was better than the previous month. The bad news was that new orders continued to fall to a contractionary level, which is an indicator of demand and is generally…
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NZDUSD Technical Analysis – We are testing a key trendline
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Basic Overview Yesterday, we got the US ISM Manufacturing PMI, and although the headline number came in below expectations, the report was better than the previous month. The bad news was that new orders continued to fall to a contractionary level, which is an indicator of demand and is generally…
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USDCAD Technical Analysis – The greenback gets some relief
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Basic Overview Finally, the US dollar got some respite from last week after suffering for weeks. The focus now turns to the key data this week with the ISM Manufacturing PMI due today and the Non-Farm Payrolls report due on Friday. The market is awaiting key economic data this week,…
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Gold Technical Analysis – The calm before the storm?
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Basic Overview Gold continues to trade in a tight range as the market awaits key catalysts this week. As a reminder, the Fed is now very focused on the labor market as Fed Chair Powell said they will not welcome further weakness and will do everything they can to maintain…
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NZDUSD Technical Analysis – The Kiwi benefits from the USD weakness
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Basic Overview The US dollar remains under pressure amid positive risk sentiment and an impending rate cut by the Fed that should help global growth. These factors are generally bearish drivers for the US dollar. In fact, the recent strong rally in the New Zealand dollar has been driven mostly…
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NZDUSD Technical Analysis – The Kiwi benefits from the USD weakness
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Basic Overview The US dollar remains under pressure amid positive risk sentiment and an impending rate cut by the Fed that should help global growth. These factors are generally bearish drivers for the US dollar. In fact, the recent strong rally in the New Zealand dollar has been driven mostly…