Powell “retires” Transitory in light of Omicron & surprisingly suggests faster taper – Stocks tank, Dollar& Yields rise on faster tightening expectations. USD (USDIndex 95.90) back down from leap to 96.60 on Powell testimony. Saw fresh wave of risk aversion as Treasuries sold off, yields […]

Eyes on Jobs, But That’s Not All; Join Andria for a live analysis following the stronger ADP reading ahead of the US Open and Friday’s Non-Farm Payrolls. Click here to access our Economic Calendar Andria Pichidi Market Analyst Disclaimer: This material is provided as a […]

This week is all about the Omicron variant, and the surprise from Chair Powell ahead of the much anticipated NFP data as the new month dawns. HotForex · Midweek Market Podcast – December 1 The Market Week – November into December Another volatile week greets […]

Powell reiterates Hawkishness, First case of Omicron confirmed in US – Stocks tank again under key technical levels, Yields slip again, USD mixed. Erdogan sacks Fin Min – TRY new all-time lows, Apple iPhone 13 demand weakens, GSK anti-viral drug remains active vs. Omicron USD […]

USOil, H1 Initial claims bounced 28k to a lean 222k in the final week of the month, hence trimming last week’s -76k plunge to a 52-year low of 194k (was 199k), while continuing claims fell -107k to a 1.956m new cycle-low, after a -46k drop […]

Every new bit of information about the omicron variant of covid has been jostling the markets lately. So. many might have forgotten that tomorrow is the release of NFP data. On the other hand, maybe for some, it might seem like “old” data, as it […]

The current AMZN structure shows a bullish impulse. This includes the formation of a deep fourth wave of the primary degree. The primary correction wave ④, apparently, takes the form of an intermediate triple combination (W)-(X)-(Y)-(X)-(Z). Let’s pay attention to the last wave (Z), which […]

USDCHF to test key support The US dollar stabilized after Jerome Powell hinted at speeding up the taper pace. The break below 0.9270 has put the rally on hold. The support has turned into resistance with the latest rebound fading. But a bullish divergence suggests […]

AAPL shares seem to be forming a primary fifth wave, taking the form of an ending diagonal of the intermediate degree (1)-(2)-(3)-(4)-(5). This wave is also the final one in the cycle impulse a. It is likely that at the moment we are in the […]