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...
- Since the end of February, the market has been accelerating upward, making higher highs and lows, and trading above a bullish trendline.
The short-term trend is therefore bullish.
- However, since the impact on a 3-month high at $25.15, a sharp price sell-off has taken place on the white metal. The market suddenly pulled-back just above its first available...
Today, the Bank of England will release key inflation data, and the British government will unveil industrial production figures, both crucial for the London index. While unfavorable inflation figures are anticipated, the British economy is showing financial resilience, propelling the index to 7,746.82 points following positive results from several companies since...
- The market has been trading above a bullish trendline since end of December 2023, the mid-term trend is then bullish for EURJPY.
- Very recently, and with the 4th impact over its bullish trendline around 160.20, the market has significantly accelerated to the upside. Indeed, the first hawkish monetary move in 17 years in Japan has put the Japanese Yen under...
The Dow Jones has maintained a sideways movement since the end of February , in part due to industrial companies' expectations of inaction on debt policy changes by the Federal Reserve to curb current inflation. The index has been consolidating prices all month, closing yesterday with a 0.83% gain at 39,110 points, driven also by the Standard & Poor's 500 and...
- The Japanese benchmarks has been registering higher highs and lows since 2023, the long-term trend is therefore bullish.
- Since the bullish breakout of the flag pattern, prices have accelerated to a new all-time high at 40,470pts.
Since then, the market pulled-back over 38,525pts, mostly driven by profit taking following a sharp rally, as well as anticipation...
Today is a day full of important economic events for the Eurozone. Highlights include a speech by Vice President Luis de Guindos, along with the release of key data on unemployment and economic sentiment in the Eurozone, as well as production figures from Portugal. Later in the day, we will be watching for inflation rates in Canada and U.S. housing permits. This...
- The market still trades inside a bullish channel started at the end of December 2023, the long-term trend is bullish for the black gold.
- Since beginning of February, and the fourth impact on the lower bound of the bullish channel, the market has accelerated towards the 50% retracement of the sell-off which took place during Q4 2023.
The long-term moving...
