It is difficult to tell what role the Dollar will play in the global financial system heading into the second quarter of 2022. On the one hand, traditional risk assets have held back the tide of a more prolific collapse while interest rate expectations have exploded higher. Alternatively, there exists a growing din of concern that markets have over-reached in the post-Great Financial Crisis run and a necessary ‘de-risking’ has yet to occur. ...
The recent rally in the price of oil appears to have stalled ahead of the record high ($147.27) as the rapid rise dampens the outlook for consumption. However, recent data prints coming out of the US suggest demand will remain robust in 2022 amid a downward trend in crude inventories. Weekly Brent Crude Oil price is located above Ichimoku cloud in the bullish area of the chart. The bullish triangle pattern was formed with 133 resistance ...
The latest Office for National Statistics (ONS) inflation release showed headline inflation hitting 6.2% in February, a fresh 30-year high, while core inflation rose to 5.2% from 4.4% in January. And even higher levels of inflation are expected in Q2 this year. The latest BoE monetary policy release shows that the UK central bank expect headline inflation to top 8% in the coming months, citing sky high energy and food prices as the main drivers of the ...
Airbnb stock (NASDAQ: ABNB) has rallied by almost 25% over the last month, compared to the Nasdaq-100, which gained about 9% over the same period. The daily and weekly price is ranging around Ichimoku cloud within 161/179 support/resistance level waiting for the direction of the strong trend to be started. more...
This is a new article from our series in which we learn how to design trading systems based on simple strategies using the most commonly used technical indicators. We will start with detailed information about what the Commodity Channel Index (CCI), what it measures, how we can calculate it. When we understand the fundamentals and the roots of what we are doing, we will be able to use the tools more efficiently and find more ideas and insights ...
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