2024

US Durable Goods and the Elusive Fed Rate Cut The markets appear to be becoming increasingly comfortable with the idea that the US has avoided a recession, and it's now on a firm upward trajectory. That explains the recent highs in the…
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NAS100 bounces higher The Nas100 hits another fresh high as investors pile into Nvidia and AI-related stocks. A rise above the resistance of 18400 indicates robust buying interests as bears struggle to contain the rebound. Even though…
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Japan April Inflation: Enough for Another Hike? There are mixed feelings in the market about tomorrow's Japanese CPI figures, given the unusual situation for the yen. Normally, traders look at inflation figures to see what the central…
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NZDUSD cracks critical resistance The NZD (New Zealand dollar) continued the bull trend after breaking higher through the recent symmetrical triangle. A push above the demand zone around 0.6050 was a sign of strength, and a close above…
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Risk appetite this week has been a bit sluggish. The best example of that is the new highs in gold at the start of the week. The market appears to be dominated by a narrative of "higher for longer" out of central banks following a series of…
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XAUUSD tests support Gold falls from its recent record high as traders await numerous Fed speakers and meeting minutes. A fall below the daily support 2400 will dent the bullish mood, prompting buyers to trim their exposure in fear of a…
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There will be a lot of attention on tomorrow's release of the FOMC Minutes, even though not much happened then. Essentially, the last time around, the Fed simply punted the decision forward by a month. That was after three months in which…
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