Hoping For an Early Fed Pivot Does Not Mean We Will Get One

The US Federal Reserve may be more cautious about raising interest rates, but inflation could well force it to carry on doing so for longer than the markets’ cheap-money addicts would like.

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Top Monthly Charts Heading Into 2023: VIX, Stocks, China and More

It’s that rare time of the year where looking to monthly charts doesn’t generate glowers of disdain from short-term traders and those that don’t rely principally on technical analysis. These are some of the top charts I’m looking at on the higher time frame, speaking to macro themes that will likely carry into 2023 and beyond.

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Top Three Themes for Equities into 2023

It’s been a blistering year for equities with solid price action trends on both sides of the equation, but inflation remains a problem going into 2023.

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WTI Oil Remains Under Pressure Below $80 a Barrel Mark

WTI Extended its decline today as concerns grow around a rise in Covid cases following China’s relaxation of Covid Zero policies. Can EIA data out later today prop up WTI prices?

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USD/JPY Edging Lower as BoJ Announced Unplanned Bond Purchase Operation

USD/JPY likely to remain rangebound for the rest of the week with a light calendar and thin liquidity restricting any significant moves.

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AUD/USD Forecast: Dwindling Chinese Optimism Hurts Aussie

AUD/USD trades with caution as Chinese influences push markets into a watchful mode.

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US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar is holding support at 103.82 as the door opens to 2023 trade, with major questions hanging around EUR/USD, GBP/USD and USD/JPY.

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GBP Forecast: British Pound Consolidates In Thin Liquidity

GBP/USD is seeking a catalyst to breakout of the emerging rectangle pattern.

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EUR/USD Outlook: Doji Candlestick Highlights Messy Price Action

EUR/USD moves higher in European trade following hawkish ECB comments. Without a catalyst a sustained break above 1.07 remains unlikely.

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Inflation, China Covid Response and Ukraine Top 2023 Risk Charts

2022 offered an awful array of geopolitical and economic problems, none of which are going to get better just because the calendar flips.

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Tesla Market Cap Plunges 72% Since 2021 Peak, Nasdaq 100 Sinks on Fed Woes

Tesla’s market capitalization plunged 72% since last year’s peak, which means it no longer towers over competition like it used to. Meanwhile, the Nasdaq 100 sank with Fed woes.

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Risk On or Risk Off in 2023: Looking to the Nasdaq - Dow Ratio

While most traders are focusing in on a single asset or perhaps market heading into the new trading year, I believe it pays to have a perspective on the broader system. And, for that fundamental backdrop, I believe the Nasdaq-Dow ratio offers interesting insight.

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Top 3 FX Themes for 2023: USD, JPY, Euro

It was a big year for FX markets as the US Dollar jumped for the first three quarters of 2022 only to snap back with aggression in Q4. What’s in store for 2023?

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EURUSD Left in a Technical Lurch as Markets In Full Holiday Liquidity

This past week ended with the Fed’s favorite inflation indicator addressing one of the top macroeconomic themes. The S&P 500 generated volatility but held to range, the VIX naturally deflated and most Dollar crosses disarmed key technical patterns. The exception remains EURUSD. Will pressure force this pair in the final week of 2022?

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What to Expect from the S&P 500 In the Final Week of 2022?

There is only one week left in the trading year, and it will be contorted by holiday conditions. What should we expect from the S&P 500 (as a benchmark for ‘risk trends’) to close out 2023?

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USD/ZAR Outlook: ZAR Gains Continue as ANC NEC Announcement Keeps Markets Optimistic

ZAR on course for 5 consecutive days of gains against the greenback. Will we enter the New Year below the R17.00/$ mark?

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WTI Oil Eyeing Further Gains Following Yesterday’s Pause

WTI printed a 3-week high yesterday before being weighed down by changing sentiment and a stronger US dollar. Further gains or consolidation ahead for WTI Crude?

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Taking Your Trading International: Risks and Rewards

Resurgent inflation and a rethink of globalization will bring both challenges and opportunities for traders looking across borders for opportunities.

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Japanese Yen Slips on CPI Data but Bigger Storms Might be Brewing. Where to for USD/JPY?

The Japanese Yen is once again coming under scrutiny today after inflation data reveals the rationale for the Bank of Japan tilting toward a more hawkish stance earlier this week.

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Gold Price, Dow Jones, US Dollar in Focus after Supportive US GDP Revisions

Gold prices and the Dow Jones sank as the US Dollar rallied. Supportive US GDP revisions bolstered hawkish Fed policy bets. Markets are vulnerable to thin trading conditions.

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