Author: FX

WTI is set to finish the week with more than 2% losses. Factors like solid US jobs data and the EU’s embargo on Russian oil-related products underpin WTI. WTI Technical Analysis: Near-term shifted upward biased, and it might test $80.00. The US crude oil benchmark, known as Western Texas Intermediate (WTI)., jumped after the release of a solid job report in the United States (US), though prices are still headed for a weekly loss. At the time of writing, WTI exchanges hand at $77.85 per barrel, at the time of writing. WTI’s extended its gains on Friday due to a…

UK FTSE 100 has moved to a new all time highThe UKs FTSE 100 has traded to a new all-time high, surpassing the previous high reached during the week of May 21, 2018 at at 7903.50. The high price today reached 7906.5804, the price has rotated back to the downside and currently trades at 7898.Since the pandemic bottom in 2020, the index is up over 61%.France’s CAC is still off but getting closer to its all-time high reached during the week of January 3, 2022. That hallway was at 7384.86. The current price trades at 7210.88. From the 2020 pandemic…

Gold price surged by $30 immediately after the Fed’s meeting on Wednesday evening and reached $1,960 the following day. Economists at Commerzbank see upside risks to their XAU/USD year-end forecast of $1,850. US interest rate outlook to remain the more important driver “The US interest rate outlook is likely to remain the more important driver in the medium term.”  “There is still a substantial discrepancy between the market’s expectation and the Fed’s view of the inflation trajectory and the corresponding interest rate trajectory. Since Wednesday, however, the probability has increased that the Fed is shifting more toward the market’s view.…

US Dollar soars across the board after NFP. US ISM Service brings in more favourable data. Silver drops by more than 3% on Friday; down 8% from Thursday’s peak. Metals extended the sell-off after the US official employment report. Silver hits fresh monthly lows near $22.50 and is having the worst day in months. Strong labor market, Service sector expanding again US economic data released on Friday came in above expectations, reflecting a strong labor market and an improvement in service sector activity. The numbers boosted the US Dollar and Treasury bond yields. Wall Street is moving without a clear…

EUR/USD came briefly above 1.10 this week before falling to just below 1.09 today. Economists at Nordea note that the rate differentials continue to point toward a higher EUR/USD ahead. EUR/USD to move about sideways in the near term “Given that the ECB has had room for more positive rate surprises than the Fed, a higher EUR/USD is understandable.” “The better outlook on the Euro Area’s energy balance also points toward a lower risk-premium on the Euro.”  “In the short-term, we see EUR/USD moving about sideways as markets reprice expectations on both the Fed and the ECB, however, it is…

GBP gained further in January, mainly versus USD. Economists at MUFG Bank believe that the Pound could struggle in the near term before a sustained appreciation trend emerges. Global risk a key support for GBP “The sharp decline in natural gas prices and the continued reopening of China have helped lift global growth expectations and equity markets. The rolling correlation of GBP and global equity markets is currently close to multi-decade highs underlining the importance of broader market conditions.”  “A sense of political stability, a less severe recession and policy rates peaking should help confidence in the UK improve later…

The Dow Industrial Average moved back into positive territory briefly with a gain of 5.46 points. That erased a decline of -220.44 points.Currently the prices back in negative territory by -28 points or -0.08% at 34026.46.The NASDAQ index and S&P index remain down on the day, but they erased even larger declines.For the trading week, the NASDAQ index is still up 4.5%, while the S&P is up 2.34%. Was the Dow Industrial Average it clings to a small 0.16% gain for the week.The good for stocks is that people remain gainfully employed which could soften the landing. The bad for…

USDJPY moves up to test last week’s highThe USDJPY has seen the pair move sharply higher after the much stronger than expected US jobs report followed by a stronger-than-expected nonmanufacturing ISM report. US yields are higher with the two year now up 17.2 basis points at 4.261%. The 10 year is up 14 basis points at 3.535%.Looking at the hourly chart, the initial move after the report took the price above both its 100 and 200 hour moving averages at 129.47 and 129.697 respectively. The corrective low after the report came down to 129.84. Early buyers against the 200 hour…

AUD/USD falls sharply by more than 100 pips on US economic data. The US Nonfarm Payrolls report almost tripled the market’s expectations for job creation. US ISM Non-Manufacturing PMI is back at expansionary territory. AUD/USD collapsed after US economic data on Friday showed that the labor market remains tight, and it would keep the US Federal Reserve under pressure to bring down inflation to the 2% target. That, alongside the US Dollar paring Wedneadys losses on Thursday, are the reasons for today’s price action. At the time of writing, the AUD/USD exchanges hands at around 0.6970s. US jobs data surprised…

Introduction VolatilityMarkets suggests top quant trade ideas to take advantage of trending markets. Market summary SPCE last price was $ 6.34. In the short term Virgin Galactic has been accelerating higher. In the long term Virgin Galactic has been accelerating higher. Over the past 22 days, the SPCE price increased 16 days and decreased 6 days. For every up day, there were 0.38 down days. The average return on days where the price increased is 5.4985% The average return on days where the price decreased is -4.4765% Over the past 22 Days, the price has increased by 75.14% percent. Over…