Adelaide
He liked
He liked
FX Daily: Bearish Dollar momentum faces key payroll test
The post-FOMC hawkish repricing of Federal Reserve rate expectations is applying pressure on the dollar, although today’s US jobs figures will be the real pivotal event for FX. Our call is for a slightly softer than consensus print at 210k, which can keep the dollar soft. In Norway, Norges Bank may
He liked
EUR/JPY Price Analysis: Bearish sentiment takes over, 20-day SMA lost
The daily RSI for EUR/JPY highlights a decline from overbought levels to negative territory, depicting seller dominance. Similar to the RSI, the daily MACD shows increasing negative momentum. On the hourly chart, low RSI values and a flat red MACD histogram point to a growing near-term bearishness.
He liked
Brent crude Oil hits seven-week low
Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production. According to the Department of Energy, inventories rose by 7.30 million
He liked
Navigating stagflation [Video]
In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the complexities of the current economic landscape including that of China as a member of BRICS, Federal Reserve policies, and stagflation. China’s growing influence on the global economy Mike Maharrey highlights
He liked
He liked
More evidence that cooling price inflation was transitory
If the hotter-than-expected March CPI data wasn't enough to convince you, there is more evidence that the "cooling inflation" we saw late last year was transitory. The media tends to focus on the Consumer Price Index but the Federal Reserve's favorite inflation measure is the Personal Consumption Ex
He liked
Daily Broad Market Recap – April 29, 2024
Partner Center Find a Broker The market holiday in Japan and the lack of verbal intervention from Japanese officials weren’t enough to stop the yen from making big moves! Here’s how it all went down. Headlines: Major city in southwest China (Chengdu) removed home-buying curbs to support property sec
He liked
Finding harmony amidst uncertainty – Oil and Gold hold steady
The versus of life – Que Sera, Sera! Stocks ended higher – thanks to GOOG and MSFT. Will this week bring the same enthusiasm? Stocks & Bonds continue to thrash around as they try to interpret the next FED move. More Earnings and lots of Eco data. Oil & Gold hold steady. Try the Seared Halibu
He liked
He liked
EUR/USD holds positive ground above 1.0700, eyes on German CPI data
EUR/USD gains ground 1.0710 amid the softer USD on Monday. The US PCE inflation rose by 2.7% YoY in March, compared to 2.5% prior, which was hotter-than-expected. The ECB might cut interest rates before the Fed amid the cooler inflation in the Eurozone. The EUR/USD pair trades on a stronger note aro
He liked
He liked
He liked
Pull-up Update