There is a very interesting seasonal pattern approaching in the GBPJPY pair. Recent gains in the pound are starting to look stretched. The Bank of England has been hiking interest rates to deal with rising inflation and that’s resulted in…
The Federal Reserve is focusing very intently on the US labour market for signs that their rate hiking cycle is starting to cool demand. The way the market has been translation US economic data over the last few weeks is…
Bitcoin prices rose over 6% on Tuesday and held gains early on Wednesday on hopes that there’s going to be fresh demand for bitcoin in the coming weeks. The trigger for bitcoin’s surge was the fact that the US court…
Recent UK data has shown signs of a sharp slowdown. On August 18 UK retail sales came in below market’s minimum expectations and so did the UK PMI reading on August 23. With GBP longs showing an extreme long position…
Dollar Tree will announce its earnings before the open on Thursday which makes it a good time to look at the seasonal pattern for the stock. Dollar Tree is a discount variety store in the US with a large chain…
On Monday Nvidia gained over 8% on hopes surrounding its earnings due out on Wednesday after the US close.Tech stocks were also buoyed by a pushback on comments from WSJ’s Timiraos who believes Fed’s Powell is unlikely to talk about…
The rise in US Treasuries on thoughts the Fed may need to be more restrictive on rates has been nudging the USDJPY pair higher over August. Look at the relationship between US 10 year yields and the USDJPY overlay on…
Over the last 25 years the two weakest months of the year for the Dax have been August and September. This year, at the time of writing, the Dax has fallen just over 5% so far. The question is will…
The recent narrative has been a tough headwind for gold as bonds continued their sell off on the first two weeks of August. Expectations of higher rates needed for longer needed to deal with stickier inflation has been the driver.…
