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Global Markets Forecast: US Stocks Dip as Investors Digest Weak Empire Manufacturing Survey

Tom Stewarton 18/01/2023

Economy: Disconnect Between Business Sentiment and Real-Time Activity US stocks are a tad lower in a choppy session as investors digest and position around an extremely weak Empire manufacturing survey; however, the beat on China’s Q4 GDP suggesting the Mainland economy has turned the corner and continues to hold global risk markets in check. The […]

BOJ Surprise may create wild yen swing

Mark O'Donnellon 18/01/2023

The Bank of Japan is wrapping up its two-day policy meeting today, and the decision it announces at the conclusion could have huge ramifications for Japanese markets and the yen. There is currently intense speculation that the bank may shift from its current path of ultra-loose policy, or at least offer some guidance concerning future […]

Gold holding above $1,900. But for how long?

Mark O'Donnellon 17/01/2023

Gold has rallied by more than $300 per ounce over the last 10 weeks with only a brief period of consolidation around $1,800. Now, gold is tentatively holding above $1,900, after reaching $1,929 in yesterday’s trade, before closing the day slightly lower. On the Hourly chart we are witnessing a period of consolidation. The hourly […]

USD CPI Data Shocks Markets

Tom Stewarton 13/01/2023

The latest United States Consumer Price Index (CPI) report has confirmed that prices are cooling. However, it remains to be seen whether this data will influence the Federal Reserve’s thinking. It is important to remember that while short-term reactions to market fluctuations should not be ignored, the overall impact on monetary policy decisions is what […]

Three stocks to watch during the typically bullish January

Mark O'Donnellon 12/01/2023

January has been historically a good month for stocks as some investors reenter the market after selling some of their holdings at the end of the year. The bullishness at the start of each year is dubbed the ‘January Effect’. On January 6, US stocks staged their first big rally of the year, with the […]

Grid Trading – What You Need To Know

Tom Stewarton 10/01/2023

Grid trading is a popular trading strategy that involves placing a series of buy and sell orders at predetermined intervals above and below a central market price. The goal of this strategy is to profit from the fluctuations that occur within a certain price range. In this article, we will delve into the world of […]

Two currency trades to consider in January

Mark O'Donnellon 09/01/2023

The first month of the new year is upon us and with it a new batch of trading opportunities. But where are the trading opportunities this month? With no knowledge of what surprises may lurk around the corner, we can turn our attention to the Economic Calendar to see what events will occur and think […]

This week could set long-term trend of USD/JPY

Mark O'Donnellon 19/12/2022

The USD/JPY has been one of the most interesting pairs to trade in 2022. The pair has had it all, including hitting record highs and central bank intervention. But the year is not over, and some more market events are primed to possibly inject a little more volatility into the pair. Tomorrow will be the […]

Fed rate hike doesn’t disrupt gold’s bullish trend

Mark O'Donnellon 15/12/2022

Gold has recovered almost half of the losses experienced after its March 2022 peak after creating a strong demand zone around $1,621.40. This support area made a strong triple bottom pattern. Since then, we can see a consecutive higher high, finally breaking the downward trend line. The price retested the trend line at around $1,730.00, […]

EUR/USD: Calm before the interest rate storm

Mark O'Donnellon 14/12/2022

The central banks of the most traded currency pair are both making very important interest rate decisions this week in quick succession. On Thursday (8.00am NZDT) the US Federal Reserve will deliver its final interest rate decision for the year. Less than 24 hours later, the European Central Bank will deliver its own decision. What […]

Dogecoin’s December trajectory

Mark O'Donnellon 06/12/2022

Dogecoin has now made its way through a trend reversal, after its sharp rise and pullback in the back half of October and the first half of November. In October, DOGE began a massive rally, gaining over +150% in just five days. About half of these gains have been given up now as some traders […]

2 TradingView Strategies for trading crypto

Mark O'Donnellon 02/12/2022

Trading cryptocurrency could be highly rewarding using the right indicators and TradingView strategies. A TradingView strategy is a script that can send, modify and cancel buy and sell orders when it recognises specific conditions on the chart. In addition, strategies allow traders to carry out backtesting to expose the validity of a strategy while on […]

FTX’s collapse raises concerns for crypto-related stocks

Mark O'Donnellon 01/12/2022

Bahamas-based cryptocurrency exchange FTX’s filing of Chapter 11 bankruptcy on Nov. 11 have sent stocks of financial services companies dealing digital assets tumbling, further reducing the already dented confidence for the cryptocurrency industry. According to Bloomberg News-compiled data, the implosion of FTX, which at its peak was the third-largest cryptocurrency exchange, and its spillover effects […]

Looking for a replacement for trading Twitter shares?

Mark O'Donnellon 01/11/2022

Now that Elon Musk’s buyout of Twitter has been completed, and the company has been taken off the trading market, what comparable stocks can traders look to trade now? Of course, there are other social media compatriots that traders could turn to, or even other companies of a similar market capitalisation that are in takeover […]

Will the pound recover after Truss’ resignation?

Mark O'Donnellon 21/10/2022

The British pound is likely to see another few months of turmoil now that Prime Minister Liz Truss has resigned. During Truss’ reign, which latest a mere 45 days, the shortest tenure in UK prime ministerial history, the pound was rocked by her government’s plan to borrow billions of dollars to fund tax cuts. On […]

Will earnings season push S&P to new lows?

Mark O'Donnellon 19/10/2022

A Bloomberg survey showed that more than 60% of investors believed the 3Q earnings season will push the S&P 500 lower But data from FactSet is painting a different picture, revealing analysts’ expectation of a roughly 7.5% growth in the earnings for S&P 500 companies for this year and the next With the latest US […]

Reversal set for FX pairs after last week’s selloff?

Mark O'Donnellon 04/10/2022

By the close of last week’s trading session, the top 3 worst performing currency pairs came out to be the USD/PKR (-4.91%), NZD/USD (-2.61%), and USD/SEK (-2.04%). To help determine the direction that these pairs will take this week, we will use the Hacolt Indicator (Vervoort Heiken-Ashi Longterm Candlestick Oscillator). Will the pairs continue to […]

The when, why, and how sterling reaches parity

Mark O'Donnellon 28/09/2022

In just two trading days, the probability that the sterling will fall to parity against the US dollar increased to 60% on Sept. 26 from 32% on Sept. 23 after the UK government’s announcement of new tax cuts elevated concerns for the country’s economy. Bloomberg estimates that the GBP/USD will have equal value before the […]

Visualising victory for Ukraine and oil prices

Mark O'Donnellon 21/09/2022

Back in February, when Russia launched its invasion of Ukraine, a victory for Kyiv would have been almost impossible to imagine. It’s the classic David and Goliath. Recent developments on the battlefront, however, are starting to paint a different picture, showing the possibility of Ukraine ending the conflict with a win. On paper, the war […]

Dow Jones Technical Analysis ahead of FOMC

Mark O'Donnellon 19/09/2022

The US headline CPI data released last week surprised the market with a smaller drop than expected. As such, a higher chance is being given to a 75-basis-points rate hike in the upcoming September FOMC meeting. The US stock market reacted with a major sell-off last week, signalling that the summer rally has overstayed its […]