Big levels on Bitcoin and Eth are being downside checked right now, with the key 28k-30k levels being tested and leading the whole Crypto complex up and down whether it holds or breaks.
A little oversold like US stocks and Nasdaq in particular the markets are all moving together right now, so its likely if we have a big rally tonight in Stocks that Bitcoin will...
Huge US inflation number tonight will make or break the market which is on edge.
Widely forecast to fall for the first time this year, this fall in inflation should help stabilize US stocks as fears of runaway inflation are downplayed.
If Inflation remains hot, all bets are off for how high US interest rates and USD can rally.
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USD is knocking on the dollar of a breakout extension of it record breaking run, we up against 104 on Dollar index which is the 2017 high and we have so far rejected a few attempts since last week.
Market could be caught a little long here if US CPI falls for the first time this year when its released Wednesday US morning. A fall should help sentiment and perhaps...
AUD/USD has been belted in recent weeks as the USD bullied every major FX pair. The selling is overdone and into major support ahead of the FOMC meeting tonight.
Yesterday the RBA raised rates by 0.25% to 0.35% and we have begun the rate hike cycle with the central bank refocused on inflation.
We look for buy the rumour sell the fact USD selling tonight after...
Major positive announcements from the CCP today say Chinese stocks soar and the big picture outlook improve dramatically.
Covid stimulus for those companies affected by the lockdowns, cheaper share trading fees, but the big one is the end of the clampdown on the Chinese Tech sector.
Alibaba and Tencent the two biggest tech companies soared and if the government...
We look at the USD/JPY and its driver the US Interest rate market. We talk about the key Y130 level that may Upset the Bank of Japan and Ministry of Finance.
Japan is historically one of the biggest FX interverners but the first step is always jawbowning (Official comments of concern about the Yen)
We looking for either that or data/comments from FED members to...
Watching Bitcoin consolidate its recent rally to $48k with a pullback to $44-45k and asking the question whether SoL will outperform bitcoin in any coming rallies.
Sol is a relatively new alt coin that has surged in value into the top10 cryptos last year.
Solana is used in NFT and crypto defi space with the network becoming a favourite of new...
RBA removed the word "patient" from its statement and upgraded its inflation forecast and noted uncertainty around the supply crisis keeping prices higher for longer.
The bond market reacted immediately and now pricing in multiple rate hikes over the next year.
AUD/USD has broken key resistance and is back into the 0.7500-0.7800 range and on the way higher for...
Crypto markets have rallied nicely in recent weeks. We look at Ethereum here and hope for a nice retracement to get long around he $3200 level.
Austine Dall easyMarkets Crypto Analyst Sydney gives the review.
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Wheat has been the most volatile commodity since the war started and we have fallen back to $1000 as peace talks improved.
Similar to Oil though peace will not fix the supply/demand issues with Ukraine and Russia accounting for 30% of wheat exports.
The consolidation period is likely over and if we can get some positive price action more buyers are likely to...
AUD/JPY has led the charge higher but as we get into Friday and overbought territory then we look for pullback levels to buy from.
At some point Oil should drop or USD/JPY and this can bring us back to Y90 on AUDJPY but bigger support would be the FIB support at Y88.
As long as commodities and interest rates are high AUD/JPY is well positioned to do...
FOMC Today, with 0.25% rate hike largely expected with 0.5% off the cards since the war. But the USD has bought heavily into this event and there may not be much room left for gains in the short term without a profit taking spell. Buying the rumour selling the fact is very common in trading and could be the set up here.
In regards to which pairs are in play...
With Russia-Ukraine war raging and no quick end in site we entering a new part of the trade in which oversold conditions lead to sharp short covering rallies on Positive headlines.
Now exactly what or when the headline comes is uncertain but the reaction will be over the top give the short positioning. I like to buy DAX on a positive headline vs selling Gold and...
We approach US NFP this month with USD very strong at 98 on the Dollar index. Most of the USD strength is on the back of EUR/USD selling which is at the key 1.10 level ahead of the US Jobs number.
Forecast at 400k the cleanest pair to trade is USD/JPY which will go up if strong or down if weak. But given we in uptrend on USD if the number is weak but doesn't...
Oil reversed sharply from $116 to $108 when it was reported that Iran nuclear deal could bring Iran's Oil production back into the world supply if they give up Nuclear weapons.
We had initially talked about selling $120 but it began early and now is not simple to sell these levels which are much less oversold and is a different sort of trade to a quick smash and...
Bitcoin has surged back into the limelight with a major upside move of 15% the largest in 1 year back above $40000.
We look to buy dips now on the break targeting $50k. The Russia Ukraine war whilst a negative to begin with is turning positive for crypto as sanctions prompt demand for alternative transfer of money.
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