Uncategorized

A leading indicator for turning points in Switzerland's economy signaled that the near term outlook for the economy was likely less than encouraging, results of a survey by the KOF Swiss Economic Institute showed Tuesday.

more...

Gold prices had a relatively tame week despite sharp losses on Friday. More concerning is the renewed push higher by real yields in developed economies. The weekly price is on secondary ranging near and below Ichimoku cloud in the bearish area of the chart waiting for the direction of the strong trend to be started.

more...

The US Dollar is regaining upside moment against the backdrop of Fed hawkishness, quantitative tightening and market volatility. Another tight non-farm payroll report may offer the same.
The daily price of Dollar Index (DXY) is located above Ichimoku cloud in the bullish area of the chart: the price is trying to break the bullish triangle pattern with resistance level at 109.21 to above for the bullish trend to be continuing; alternatively, the ...

EUR/USD goes into the week with markets knowing the Fed's aggressive outlook while the EU continues to be plagued by an energy crisis as we head into winter.

more...

Following Jerome Powell's hawkish Jackson Hole speech, USDCAD points higher toward 1.3100. Upside could be limited on oil strength. Daily price is on ranging near and inside Ichimoku cloud for trying to break the bullish triangle pattern to above for the primary bullish trend to be resumed.

more...