In today’s FX Hour, we revisited calculating expectations of Fed Rate Hikes and market correlations. We discussed the equity markets struggling to chose a direction for the past month and bonds stalling at resistance. We looked at oil falling and the decoupling of the oil/Canadian dollar correlation.
Market Profile Value Areas and POC figures for /ESH7 and /NQH7 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost […]
Colfax Corp. (CFX) closed beneath a key level yesterday which increases the probability of additional selling pressure in the short term. Please observe the chart below. Yesterday, CFX ended the day beneath its prior swing low. As noted on the chart, there is limited resistance to support price down to the trade target of 32.90. […]
U.S. equities traded down slightly for the day with the exception of the NASDAQ which hit record highs. There seems to be bullish bias for tech stocks but uncertainty in equities. Gold rallied along with bonds as a possible indication of a flight to safety or hedging downside risk in equities. Oil prices fell dramatically […]