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Wednesday, July 10, 2024

American Market Recap: GBPJPY continues its run to the upside. Hints of a top yesterday....fails

GBPJPY continues its run to the upside. Hints of a top yesterday....fails

The past few days I've been posting about the trending GBPJPY . The pair has been trending since it's most recent swing low back on June 14. Initially, the price needed to get back above its 100 and 2... 

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Video: What's coming next in markets

I had the pleasure of speaking with Dale Pinkert today about the state of markets and why I'm seeing increasing signs of complacency in the market. We had a chance to talk about: The VIX Bonds The US... 

NBC's Lester Holt will interview Biden on Monday

Here is what needs to happen: Lester Holt or someone else needs to come at Biden hard and fast and let the chips fall where they may. I don't think anyone is doing any favours with softballs here. Thi... 

Crude oil futures settled at $82.10

The price of WTI crude futures are settling at $82.10. That is up $0.69 or 0.85%. The gains come after three consecutive losing sessions, and was driven by a bullish OPEC demand forecast and a signifi... 

BofA: What we expect from the US June CPI print on Thursday

Bank of America believes the Fed will first cut rates in December but conceded that much of what happens next could hinge on Thursday's inflation report. The market is pricing in 19 bps of easing thro... 

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FX option expiries for 10 July 10am New York cut

There are a couple to take note of, as highlighted in bold . The first ones are for EUR/USD at 1.0770-75. However, the expiries do not hold much technical significance with key support still seen at a... 

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