The RBA is expected to raise rates by 50bps tomorrow. Australia might end the year with inflation at 7%. Price is attempting a break above the 30-SMA. Australian dollar (6A) futures outlook today is bullish as prices bounce off two-year lows. This move comes ahead of tomorrow’s Reserve Bank of Australia meeting, which is set Read More…
Have you heard about the Bond line trading strategy? It is a simple trading strategy that measures the daily ranges. Fun fact: It was developed in 2021 by one of the traders, named Bond. For those who were thinking the strategy was related to James Bond. Unfortunately, it’s not. It’s about finding the highest and Read More…
The best day on Wall Street ended today as markets turned lower on recession fears. Investors are unsure whether inflation has peaked. US President Joe Biden is expected to call for temporary tax relief on gasoline. E-mini S&P 500 (ES) futures rose overnight as investors hoped the economic outlook would not be as bad as Read More…
US corporate earnings are under threat from rising inflation. Falling profit expectations could mean further downside potential for S&P 500 E-mini futures. The price could be headed for 3650.00 on the charts. The E-mini S&P 500 (ES) is pushing lower on Thursday over growth concerns in the US, fueled by the Federal Reserve’s move to Read More…
A more hawkish Fed could dampen demand in the energy market, pushing crude oil futures lower. COVID-19 re-emergence in China could lead to restrictions that would affect demand. OPEC remains confident that demand will be higher than pre-pandemic levels. Crude oil futures (CL) prices are pushing lower amid fuel demand concerns on Wednesday. Investors are Read More…
Investors seek safety in the dollar as inflation and Chinese lockdowns fuel fears of recession. China’s zero COVID policy might lead to new restrictions and slowed growth. On Monday, the Australian dollar (6A) was pushed lower as the US dollar strengthened on positive inflation data. The dollar traded higher on Monday amid recession concerns as Read More…
