Stifled Action Despite Important DevelopmentsIt’s been an interesting week for oil albeit a somewhat frustrating once as despite some key developments we haven’t seen much market movement. OPEC+...
Daily Market Outlook, June 11, 2020
Daily Market Outlook, June 11, 2020 Market participants initially cheered the fact that the US Federal Reserve voted unanimously to keep the federal funds target rate in a range of 0.00% to...
Chart of The Day AUDCHF
Chart of the Day AUDCHFAUDCHF Potential Reversal Zone - Probable Price PathBuoyant risk appetite has elevated commodity currencies to levels from which they are likely to struggle. The weaker yuan is...
Daily Market Outlook, June 10, 2020
Daily Market Outlook, June 10, 2020 Asian equity market is mostly modestly higher this morning. China’s annual CPI inflation slipped to 2.4% in May (from 3.3% in April) as...
Chart of the Day EURJPY
Chart of the Day EURJPYEURJPY Playing An Impulse Pullback - Probable Price PathThe irony of the US being in an official recession, but the S&P500 wiping out its 2020 losses! Global risk momentum...
Daily Market Outlook, June 9, 2020
Daily Market Outlook, June 9, 2020 US S&P equity index erases 2020 losses, although sentiment was more mixed during the Asian session despite Wall Street closing at a 15-week high. Japanese...
World Bank Slashes Global Growth Forecasts
Lower Projections CitedThe World Bank has released its latest set of economic growth forecasts for the year and is now projecting a deeper downturn than previously forecasted. The “June 2020 Global...
The IndeX Files 09-06-2020
US Jobs Number Raises Recovery HopesWhile global equities benchmarks remain broadly supported, upside momentum has stalled a little this week following a bumper US jobs report on Friday. The NFP for...
Chart of The Day GBPJPY
Chart of the Day GBPJPYGBPJPY Pivotal 140.50 test - Potential Reversal ZoneThe US employment data was far better than expected. The US dollar index closed last Friday, rising 0.3% to 96.9,...
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