Market Overview

EURUSD Strong resistance at 1.0830/40 & 1.0880/1.0900.GBPUSD strong resistance at 1.2680/1.2700 today - shorts need stops above 1.2720. NZDCAD resistance at 8080/8100 & shorts need stops above...

Dollar traders turn cautious ahead of important dataYen stays pressured as yield differentials stay in the spotlightWall Street records gains as Powell refrains from committing to more hikesTraders...

Higher interest rates and a stagnant economy keep bank lending on a weakening trend. Annual growth in broad money growth is now negative. This adds to expectations of a weak eurozone economy in the...

The BRICS nations are coming of age.At its annual summit in Johannesburg last week, the bloc of five emerging countries—Brazil, Russia, India, China, and South Africa—announced plans to...

Bonds have had one of the worst years in modern times and one of the fastest rates of interest rate rises.The good news is the market has absorbed the bond’s performance. A better risk-on...

The weekly candlestick formed was an inside bull doji, forming an S&P 500 Futures breakout mode. The bulls want a breakout above, while the bears want a breakout below the inside bar. For now,...

Rate hike odds edge up after Powell and Lagarde signal inflation fight not overBut dollar steady as yields barely budge, Wall Street closes higherChina announces more stimulus, stocks jump before...

Powell's recent statements raised the chance of a September rate hike to 20%, with November at over 50%. Bond market faces uncertainty due to the Fed's ambiguity-based policy and bond vigilantes'...

USNow that we heard from Fed Chair Powell at the Kansas City Fed’s Jackson Hole Symposium, the focus shifts back to the data. This week is filled with data that will outline how quickly the...

Is Prop Trading LEGAL? Explained by Pro Day Trader Boris SchlossbergDiscover the truth about prop trading: Is it 100% legal in 2023?

US economic growth in the first half of the year appears on track to continue in the third quarter, based on the median estimate via several sources that are aggregated by...

Fitch’s recent downgrade of the U.S. debt rating alarmed investors as the deficit and debt steadily increased. The downgrade sent 10-year Treasury bond yields above 4%, causing concern about...

Traders play defense ahead of Powell’s speech at Jackson HoleDollar benefits from risk aversion as stocks reverse lower Euro extends losses, Lagarde unlikely to offer helping handMarkets nervous...

US 10-year bonds have reached the highest levels since 2007 PMIs for the US economy continue to show a negative trend Meanwhile, a bearish session for the Nasdaq 100 indicates a high risk of further...