U.S. Fed increased interest rates by another jumbo 75 bp, as the market expected. We saw an initial bullish spike in the stock market and a drop in USD reaction to a critical sentence from the Fed statement.
Category: analyses
EURUSD is signalling for trend-continuation?
Gas tanks in Europe are full, ECB increased interest rates, USD weakened last week, and CPI is double-digit. What will be the next move from here? Well, it doesn’t look bullish; let’s dive in!
GBPUSD Bears are back?
Let’s talk about the “Cable”. The price rose significantly after all the U-tern expectations, recent USD weakness and Rishi Sunak becoming the new PM of the UK. But what from now? Are bears taking over again?
Gold is forming a daily double-bottom bullish reversal pattern.
A double bottom pattern with a bullish Morning star pattern on the Daily chart is strong by my criteria by technical signal, forming at the bottom of the recent bearish trend.
S&P 500 closed a bullish week, and it formed an excellent weekly bullish divergence
S&P 500 closed a bullish week, and it formed an excellent weekly bullish divergence. 200 weekly moving average (4-year average) was respected, and the price has formed a signal “not to sell” called “weekly inverted hammer”. After already 3-weeks of consolidation, the price showed the expected strength.
Weekly Outlook – S&P 500, Inflation, Oil and Fed
Inflation peaked. S&P 500 had a rough week. The prices collapsed by around 6% last week in a risk-off environment. US Crude Oil dropped down to 78 levels.
Tesla’s price is declining after the split and Fed’s hawkish tone.
Tesla’s price is declining after the split and Fed’s hawkish tone. Technically the chart looks more bearish than bullish as it forms a Weekly bearish Head and Shoulders pattern. Fundamentally it is overvalued company based on our Discounted cashflow model.
EUR USD choose the downside direction after Jerome Powell’s Speech
EURUSD broke the consolidation and found its direction.
Macro Fundametnal & Technical Analysis
The Global macroeconomic situation doesn’t look so pretty. The deceleration continues, with significant European trouble and softness in the US and China.
The US economy continues to accelerate into recession-level conditions. The ECRI weekly leading index, for example, looks grim. European energy crisis deepens. Dax is declining. S&P500 is forming wave-4.
USDCAD visited the YTD highs at 1.3050s but failed to break up again.
USDCAD visited the YTD highs at 1.3050s but failed to break up again. The price has formed a clear Head & Shoulder reversal chart pattern, where we took a sell position supported with good volume. If the price bounces back to the previous support to retest as new resistance, we will be ready to watch […]