| Nasdaq futures reached our target of 11800 and looks like is heading towards 3 price points before temporary partial profits takers (sellers) will probably step in. |
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Nasdaq Futures, Quick Technical Analysis for 20-21 June, 2022
2022-06-20
The bullish reversal attempt we mentioned in our previous Nasdaq technical analysis, is in play, and we have got our eyes on a new trading range for the next 2 days ( 20 and 21 of June 2022 ). NQ Futures price is 11374.75 (▲ +0.69%) at the time of recording.
Technical Analysis for Nasdaq Futures, 17 June 2022, Support and Resistance
2022-06-17
We look at key supports and resistances for Nasdaq Futures.
Nasdaq Index Technical Analysis created on 17 June 2022
2022-06-17
Analyzing and charting the Nasdax Index on the monthly chart. Created on 17 June and relevant for June and July 2022.
What to expect from the FOMC and where to watch for a market turn
2022-06-14
Wednesday’s FOMC decision will be a major market mover and could deepen the wounds in financial markets but there’s also reason to think that much of the worst is priced in. The US dollar has been extraordinarily strong and is near multi-decade highs on a number of fronts. Could that turn on the FOMC decision?
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Bank of Canada faces a tough test
2022-05-30
Adam Button from Forexlive joins BNN to discuss the June 2 Bank of Canada decision and the outlook for the Canadian dollar. The loonie is trading at a one-month high but housing will be a headwind in the months ahead. On the flipside, the relentless rally in oil led to a 14-year high in the current account surplus in Q1, with more to come.
Central banks have taken off the gloves in the fight against inflation
2022-04-26
Central banks have taken off the gloves in the fight against inflation. They’ll win but global growth will lose out.
The market is no longer convinced that global central banks can tame inflation without a major hit to growth. Maybe that’s not a recession but it’s a much slower growth paradigm than assumed.
We’re now pricing in terminal rates at the highest levels since before the financial crisis and the risks from there remain to the upside.
Initially, I expect the Bank of Canada to be as hawkish as the Fed but the housing market is structurally different in Canada and far more vulnerable to rising rates. That will cap how high the BOC can go.
The odds of a nightmare scenario for the Canadian housing market are rising. What could happen is the Canadian housing market begins to
The commodity currency trade is working: Why it has more room to run
2022-03-22
For months, the Canadian dollar has been stuck in a push-and-pull from rising commodity prices, sinking risk appetite and a broadly rising US dollar. The loonie is now almost right in the middle of the range it’s carved out in the past nine months but factors are lining up for a break; with one big caveat.
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Currency trades aren’t just for FX traders. How to hedge
2022-02-16
Adam Button from Forexlive talks with BNN in an educational segment about the risks around currency exposure, particularly for the Canadian dollar. In the same way that bad stock trades suddenly morph into long-term investments, currency trades can turn into hedges at the worst possible time. There are plenty of opportunities in trading currencies but don’t mix the two. I’m a big fan of having multiple accounts at multiple brokers and one of the reasons is to keep that mental separation from investing, trading and hedging.
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