All the lower-level US reports scheduled for today have me looking at the US Dollar Index! Do you think green money will continue to fall compared to its major peers? Before we move on, ICYMI, yesterday’s watchlist, reviews CAD/JPY for recovery options ahead of CPI launch in Canada. Don’t forget to check if the game is still valid! And now for the stocks that have rocked the market over the last few trading sessions: New market titles and economic data: Inflation in Canada increased faster than expected, hitting a 31-year high of 6.7% in March. US existing home sales fell […]

A new trading week means we get another opportunity to trade major currency pairs like EUR/USD! Will the Euro extend its losses against the Dollar in the next trading session? Before we continue, ICYMI, I have listed the potential economic catalysts to look out for this week. Try it before you make your first trade today! And now for the stocks that have rocked the market over the last few trading sessions: New market titles and economic data: France’s Macron wins second term, beating Le Pen in first re-election win in 20 years Libya claims storage tanks were damaged in […]

Volatility has calmed down Tezos (XTZ) But traders are still hugging in a key area of ​​support. Eventually, will the bears be able to break out to the downside, complete a classic bearish technical pattern, and attract more bears?   XTZ/USD: Daily Tezos (XTZ) is the utility token for the blockchain (a smart contract platform that “self-develops”), and just like the rest of the crypto space, the token’s price has fallen dramatically in recent months after hitting all-time highs around $9.00. As we can see on the daily XTZ/USD chart above, the market is now trading around the $4.00 level, […]

A solid range formation continues to hold on Cosmos (ATOM)! Will there be another near-term range reversal from resistance ahead or should traders watch for an upper range break?   ATOM/USD: 4 hours Cosmos (ATOM) has been an outlier so far in 2022 as one of the top tier crypto assets to avoid seeing red in January. It’s possible the bulls aren’t quite ready to give up their pockets just yet, especially with recent upgrades like an Ethereum bridge and the launch of an Ethereum Virtual Machine compatible protocol, Evmos. These upgrades will likely pull liquidity and apps into the […]

The yen rained pips earlier today. Can a short-term rebound keep USD/JPY from breaking a support level? Before we continue, yesterday’s watchlist from ICYMI looked at key GBP/AUD support level after Australia released its December jobs report. 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 headlines and economic data: Philadelphia Federal Reserve manufacturing conditions rose 8 points to 23.2 in January. US initial jobless claims rise to 286k from 227k versus 227k expected US existing home sales broke a three-month winning streak […]

Mixed price action for financial markets this week but the overall theme seems to be one of ‘risk aversion’ as safe haven currencies have consistently outperformed the risk-taking majors. As usual in this environment, the Japanese Yen and Swiss Franc took the top spot versus the rest of the FX majors, while Crypto and Equities took a backseat gold.   Notable news and economic updates: UK consumer prices rose 5.4% – the highest since March 1992 – versus 5.2% expected and 5.1% in November. Australia’s economy added 64.8k jobs in December versus 60k forecast, 366.1k previously Canadian inflation hits 30-year […]

Blackrock has come out with his latest note on macro perspectives and makes a compelling argument: inflation is largely being driven by supply shocks, not fiscal policy, and raising interest rates is not the solution. This was largely caused by manufacturing shortages and a shift in consumer spending towards goods rather than services. We’ve heard it all before, and it’s compelling. I think inflation will go away along with the virus and we’ll be right back to the post-financial crisis economy. That’s the best-case scenario.   Because if inflation continues and the Fed is forced to raise Fed funds to […]

The world’s leading streaming services and production company NETFLIX (#Netflix) with a market cap of $239.57 billion, is expected to report its fourth quarter 2021 financial results and business outlook Thursday, January 20, 2022 after market close. The report is prepared for the fiscal quarter ended December 2021. In the third fiscal quarter of 2021, ended March 30,th September 2021 and reported on 19th As of October 2021, the company’s revenue was $7.48 billion and net income was also $1.45 billion for the same period, while earnings per share were 3.19, beating analysts’ forecasts of 2.57/2, surpassed 56. These numbers […]

Equity markets fell (Nasdaq -2.6% while VIX rose +5.22%). Financial and pharmaceutical companies led the slide, U.S. dollar more firmly supported by high Income – the main market driver. US 10-year bonds 1.85%, German 10-year highs to May 2019 as UK and German inflation hit 30-year highs. oil higher again, gold keeps circling. The pressure on the British Prime Minister is growing. U.S. DOLLAR (USDIndex 95.65) holds on to profits. US returns Up 10 years up – closed at 1.865% & acts at 1.883%. shares – US500 -85 (-1.84%) 4577 (GS -6.97%, BAC -3.44%, FB -4.0%, SONY -7.0%, Nikkei -0.27% […]

USDCAD Canada’s CPI got on 4.8% Pace in December from the growth rate of 4.7% in November. CPI fell 0.1% after gaining 0.2% in November. The average of the three core CPI measures of the BoC was 2.9% in December compared to 2.8% in November. Key annualized trimmed CPI reading rose 3.7% from expectations of an “unchanged” reading at 3.4%. Prices increased year-on-year for all eight major components in December. Transportation and accommodation prices were the main contributors to CPI growth. Year-on-year, prices for services (+3.4%) increased more in December than in November (+2.9%). Goods prices (+6.8%) increased slightly more […]