In today’s FX Hour, we discussed equities creating a widening pattern. We discussed equities trading to 4 month highs on light volume ahead of the FOMC minutes. We discussed volume, volatility, inflation and interest rates. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we discussed the impact of the “Inflation Reduction Act” We discussed how the increase in revenues would both accomplish reduction of money supply and decrease in demand. Both of which would slow or reduce inflation. We also discussed the fact the government will spend more than it brings in does NOT […]
In today’s FX Hour, we re-anchored the Monkeybars for August We discussed jobs data coming out on Friday and the Job Openings Labor Turnover Survey (JOLTS). We also discussed the tendency of market participants to provide credit or blame to directional moves after the event regardless of the direction of the markets. We looked at […]
In today’s FX Hour, we discussed the planning ahead of the Fed. We discussed the probabilities of a 75 basis point hike versus a 100 basis point hike. We compared major currencies and discussed inflation and purchasing power parity. We looked at equities, gold, silver and other commodities as well as priced in the Fed […]
In today’s FX Hour, we discussed the risk of debt and default in primarily emerging markets. We discussed the impact Greek debt had on Germany and the eurozone and the 17 countries that have defaulted or at risk of default ad the impact this can have on the countries that hold the debt. We discussed […]
In today’s FX Hour, we discussed bounces and reversals with no volume and no catalysts to justify the phantom movements. We discussed the beginning of earnings season and the moves in equities and currencies when there was no economic event or catalyst to push the market. We also discussed expectations versus reality. We reviewed the […]
In today’s FX Hour, we discussed the U.S. dollar reaching levels not seen since 2002 We reviewed the major indices, a number of currency pairs and discussed fundamentals focusing on global high inflation that can lead to disinflation or deflation. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we reviewed key levels in the broad market and currency pairs. We primarily focused on the monkeybar levels and the equity selling off after bouncing off of trend resistance. We discussed prices falling through full range into the duplicate range. We reviewed the major indexes, major forex pairs, and commodity levels.
In today’s FX Hour, we reviewed the price action to start the week. We discussed the rally in equity prices occurring in the overnight hours as a flight to safety from other markets and the volume at 25% to 30% lighter the last week possibly indicating profit taking and short covering. If the bounce in […]
In today’s FX Hour, we discussed bets on Fed rate hikes not just for Wednesday but for the long-term. We discussed how rate hikes would eliminate the need for a hedge with gold prices. We discussed the strength of the U.S. dollar, weakness in gold and estimated future rate hikes through the end of the […]
In today’s FX Hour, we discussed inflation and Janet Yellen’s comments on inflation. We highlighted the comments causing initial moves but the fact the market is demonstrating uncertainty as price remains range-bound while waiting for the impact of inflation or the impact from the Federal Reserve combating inflation. There has been a lot of talk […]
In today’s FX Hour, we discussed equities finding balance for the past 3 weeks. We discussed how bond prices have bounced and yields have fallen and that has not been enough to push equities higher. We looked at the U.S. dollar, gold, silver, copper and bonds and discussed key levels and fundamentals for the next […]
In today’s FX Hour, we discussed the rally in equities continuing and the pullback in the U.S. dollar. We discussed the monkeybar breakout and targets in equities and the U.S. dollar pulling back despite Fed Chair Jerome Powell indicating a continuation of fighting inflation and slowing demand. We looked at the U.S. dollar and upside […]
