Hey traders, The Canadian Dollar is looking real shaky right now. It's been on a rollercoaster, but I'm calling it: the bottom is about to fall out. Scotiabank's bigwig, Shaun Osborne, is whispering in my ear that the CAD could tank below 1.3725. That's a huge drop if you ask me. And guess what? My gut tells me he's right. Now, I know what you're thinking....
The Gold market is in a curious state. The once volatile GC contract has settled into a seemingly tranquil trading range between $2400 and $2500. Volume has dwindled, creating an eerie silence in what was once a bustling marketplace. But could this calm before the storm be a golden opportunity for savvy traders? A strategy known as a "short strangle" is catching...
Fundamental Forces at Play Hawkish Shift by the Bank of Japan: Investors and traders have been closely monitoring the evolving monetary policies of the Bank of Japan. In the pipeline is a potential pivot towards a more hawkish stance in the coming months. This shift towards a tighter monetary policy framework has raised eyebrows and led to a flurry of...
Long USD Governor: Jerome H. Powell Monetary Policy: Monetary policy in the United States comprises the Federal Reserve's actions and communications to promote maximum employment, stable prices, and moderate long-term interest rates--the economic goals the Congress has instructed the Federal Reserve to pursue. o Sentiment: Bullish o Rate Decision: 1% o Current...
S&P Global/CIPS UK Services PMI 12 Months statical Analysis Model indicates a forecast of 53.6 (Expanding Conditions) Model indicates GBP appreciation will not hold long term value due to economic conditions Probability of a 58% chance of the GBP appreciating 16% Monday 1:30AM Scenario model that used similar forecast and historical data with similar...
Fundamentals Factors Affecting Reserve Balances of Depository Institutions reported a decrease in U.S. Treasury of $11.6 Billion ( Bullish) Inflation expectation are decreasing (Bullish) Exports from the United States increased by USD 4.3 billion (Bearish) Non-farm labor productivity in the US fell ( Bullish) Currency in circulation decreased by $428M (...