This afternoon, US and Canadian markets face important data that could move the needles in a bearish direction for the greenback. Unemployment, non-farm payrolls and US government wages figures are particularly prominent, against expectations of improving Canadian employability in the face of a bearish outlook in the US. This could drive a strong revaluation of...
There will be a lot of activity in the EURCHF and USDCHF crosses today as these three currencies have important news. Swiss inflation and production data will mark the start of the day, followed by news on manufacturing indices from several Eurozone countries, along with long-term debt auctions from France and Spain. In the afternoon, the impact of exports,...
- The market has been trading laterally since May-2023, the long-term trend was neutral.
- Over the past few days, prices have registered a strong bullish acceleration which led the market to a 2-years high above 26.80$.
Both short moving averages are bullish, and the MACD indicator confirms the bullish pressure and directionality.
- The fact that the market...
The EURUSD cross is in the spotlight today, with the expectation of key Eurozone unemployment and inflation data. Although forecasts suggest stability, we could be surprised by unexpected optimism. Meanwhile, industrial production data could show a slight decline, especially after yesterday's German figures slightly below expectations. In the US, mortgage debt...
- The market has been registering higher highs and lows since November 2023, leading prices to a new historical high above 5,130pts. The long-term trend is therefore bullish.
- Today, the market has registered a strong failure below 5,132pts, which led prices back to their mid-term bullish trendline around 5,050.0pts.
Both EMA are stalling while the RSI has...
European stock markets have started the quarter with positive momentum, highlighting the focus on German inflation data that could influence the European Central Bank's next decision. Germany's economic performance is usually a key indicator for the eurozone as a whole. The return of investors to the market after the Easter holidays has contributed to the moderate...
- The market has been trading inside a wide trading range for 5 weeks, the mid-term trend was then neutral.
- At the end of March, sellers have become powerful and numerous enough to take control of the market, leading prices to a bearish breakout of the lower bound of their range.
Investors, pushed by hopes a dovish monetary switch in the Eurozone, have...
VUCA= volatility, uncertainty, complexity, and ambiguity
During the Asian session, the price of LCRUDE crude oil experienced fluctuations, ranging between $82.93 and $83.05, with a slight decrease of -0.45%. However, with the opening of the European market, the price began to recover. Factors such as expectations of cuts from the Organization of the Petroleum...
- During the whole year 2023, the EURCHF pair (usually used as a good risk-on/off barometer for FX) was trading under a bearish trendline, registering lower highs and lows. The long-term trend was then bearish.
- However, since the beginning of 2024 we can notice the appetite for riskier assets has significantly grown as the market as suddenly switched direction...
Although US markets will remain closed for the Good Friday holiday, key economic data is expected this afternoon that could influence the indices after Spring Break, when many Americans take the opportunity to travel to Mexican destinations such as Cancun, Acapulco or the ski slopes in Canada.
Data on vehicle inventories, trade balance, wholesale inventories and...
This morning we will be watching for key German unemployment rate data to strongly mark the direction of the euro. Eurozone lending, mortgage and capital creation data, as well as other economic data from different countries in the Eurozone. In the afternoon, monthly unemployment data will be released, as well as US GDP growth among other US market data, which...
- The market trades above a bullish trendline since the end of Ferburary, the mid-term trend is bullish.
- following a new all-time high above 73,880$, the market has registered a bearish correction leading prices back to their bullish trendline for the 3rd time.
However, investors' appetite for the asset has been powerful enough to prevent the market from...
During today's Asian trading day, Japan's Finance Minister expressed concern over the yen's remarkable weakness against the dollar, reaching a 34-year low. Faced with this situation, the Japanese government is considering taking decisive measures, "Decisive Steps", as expressed by Shunichi Suzuki in autumn 2022, and November 2023, when it intervened in the...
- The market has been trading within a slightly bullish channel since December 2023, the medium-term trend is therefore bullish.
- After a 2nd impact on the upper bound of the channel, close to 1.2900, the market pulled-back 300pips lower, taking prices towards the lower bound of the channel at 1.2580.
Since then, buyers have come forward and been able to defend...
Yesterday's performance of the major US indices (S&P500, Nasdaq and DowJones) and Russel2000, and its impact on investment strategies showed a negative close for the Nasdaq and S&P500 indices, while the Russel2000 closed positive (+0.10%). This move indicates a shift in investor focus away from the technology and growth stocks that have dominated the market over...
- Since its last high peak around 0.6370 at the end of 2023, the NZDUSD has been trading in a bearish channel. The medium-term trend is therefore bearish.
- This decline has recently accelerated after the second impact of the market below the upper limit of the channel, at 0.6207.
The market broke a very short-term uptrend line (dotted lines), ending a bullish...
In today's oil market, we have witnessed a strong bullish rally after a -3.37% drop last week between Tuesday and Friday. This momentum is due in part to increased conflicts in the Middle East and on the Ukraine front with Russia. The disruption created in Russian refineries with Ukrainian attacks by fighter drones throughout the month have created geopolitical...
Today finds us at the European Summit of the Eurozone Council, a biannual meeting held in Brussels to set the rules for stability, coordination, economic governance and monetary policy in the union. This morning, German business climate data and releases from President Nagel of the German Bundesbank will be released, along with UK retail sales data. This will...
