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...
Buying have reclaimed control of Gold in recent session forming support above $1900 and we have started to march higher once again.
As the war drags on and Inflation spikes Gold is a natural hedge for many investors but it has disappointed many with the large reversal but this very common and the 2nd wave of buying now could be more important.
A failure at...
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...
Crypto markets were on the back foot last week, feeling the pressure as governments were looking at the asset as a way around sanctions. Compounding the affect was the U.S. government ordering an executive order looking into crypto assets. Most feared this would result in direct oversight and regulation, which is indeed part of the order, but also looked into the...
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...
The markets are keeping an eye on the RBA’s March meeting minutes for more information about its policies. Last week the RBA kept rates at a record low of 0.1%, citing the Ukraine crisis as a new uncertainty. Also, governor Lowe had previously mentioned that he wants to see a couple more CPIs reports before deciding on rates.
The RBA statement reiterated a...
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...
Support at 10.31 was previously strongly held on the Daily time frame and was lost upon the initial market reaction to Russia's invasion of Ukraine. Upon news that Russians are finding means of avoiding the sanctions through cryptocurrency, price action surged and is aiming to reclaim this level of support in addition to the Daily 20 EMA and flip trend resistance...
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.
easyMarkets Account on TradingView allows you...
Market volatility exploded with the full on Russia invasion of Ukraine, with Oil jumping to $100 and Gold up $40 before the rallies reversed.
Oil fell back to $92 and Gold down $80 an ounce and US stocks surged off lows.
Now if the low is in and V shape recovery begins then looking to buy dips for short squeeze makes sense on all the risk assets. But with...
The Reserve Bank of New Zealand helped the NZD/USD to fresh month highs back above 0.6750 as they raise interest rates to 1.0% from 0.75%.
Importantly they also had a hawkish statement which has helped underpin the squeeze and with Covid and Ukraine War fears subsiding an improving risk appetite will also help push the NZD back to 0.6890 and potentially 0.7000 in...
The path for diplomatic peace between Russia and Ukraine took a big step forward with Putin and Biden now to hold talks as long as Russia does not invade.
The high of the gold spike on war fears was just under $1910 now and so if trying to fast is the natural place to put stop.
If some tentative peace is found then a return to $1850 is on the cards.
ETH/USD now back under $3000 has followed Bitcoin on its move back toward $40k. Risk appetite in stocks hurt but buying dips at support has be considered.
Video by easyMarkets Chief Crypto Dealer Griffin Treloar.
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with...
Gold has been surging as war between Russia and Ukraine edged closer on Friday.
We have tested $1900 overnight and then today we have news that US sectary of state Blinken will meet with Russia foriegn minister Lavroz need week.
Such moves reduces the chances of a war over weekend and is prompting a short squeeze in stocks and Gold immediately moved back to...
We playing a headline driven game on the edge of war, but we have a fairly well defined $90-$95 range that should let us know the outcome one way or another in the next couple of days.
A special summit with US Europe and Russia would be the sort of news to start the downside.
Actually Russia troops in Ukraine likely the start of the move to $100 if that comes...
Bitcoin is signalling a potential floor at USD 32K.
An inverse head and shoulders pattern is forming, and the right shoulder is attempting to break above neckline resistance at USD 46K
If BTC/USD can manage to flip this neckline resistance into support with a bullish break and re-test, then further reversal continuation is likely.
Should this occur, then the...
