Latest Market News
Fed Says Rates To Be Higher For Longer The December FOMC outcome yesterday was noteworthy in that, while the Fed finally pivoted on rates, the accompanying guidance was more hawkish than expected. The net outcome was that USD has been well bid on the back of the meeting while risk assets have suffered. The main […]
Oil Traders Cut Longs Again The latest CFTC COT institutional positioning report shows that crude traders cut their net long positions once again last week. Total upside exposure now sits at 232k contracts, down from 240k contracts prior. This marks the third consecutive weekly reduction in upside bets, taking the total long position down from […]
The British pound against the US dollar remains expensive. The current quote is 1.2392. To tell you the truth, the current quote of the pound looks even stronger keeping in mind how much the market was affected by the change of the PM and how hard it took the conservative financial policy of the BoE. […]
The market major reacted to the Fed’s decision quite effectively. The current quote is 1.0650. The brightest event of December has happened: the US Federal Reserve System carried out the last meeting this year and made some decisions about its credit and monetary policy. The interest rate was lifted by 50 base points to 4.50% […]
Type: Bullish Rise Key Levels:Resistance:4173.25Pivot:3913.25Support:3751.75 Preferred Case:Looking at the H4 chart, my overall bias for SPX is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head up towards the resistance at 4173.25, where the 78.6% Fibonacci line is. […]
Type: Bullish Continuation Key Levels:Resistance:1508.75Pivot:1469.00Support:1423.25 Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance level at 1508.75, where the previous swing high […]