As traders are pricing more and more rate hikes and aggressive tightening by the Federal Reserve (Fed), the USDJPY pair continues in its, so far uninterrupted, march toward the psychological 130 threshold.  That would be the highest level for the USDJPY since May 2002. The USDJPY pair continues to benefit from the massive divergence between respective monetary...

The West Texas Intermediate (WTI) benchmark has been falling recently, and the price dipped below the psychological 100 USD threshold. Can the short-term bearish trend continue? To bring price stability to the oil market, the IEA has promised to infuse an additional 60 million barrels of oil into the global supply from its strategic oil...

The last two weeks were highly positive for US equities and other global indices as the SP500 index rallied 10% and erased nearly all of this year's losses.  However, judging from the soaring yields and hawkish Federal Reserve (Fed) expectations, the rally might be over soon.  Morgan Stanley Remains Bearish Morgan Stanley has recently warned that recent...

It was strictly against the rules in school. But copying from someone more knowledgeable than you when you’re trading online isn’t only allowed, it’s encouraged.   With a flurry of available copy trading apps, and more traders joining, it’s easy to see that copy trading has become more and more popular over the past few years. ...

The benchmark of all equity indices – the SP500 index – traded above 4,500 USD on Monday evening, trying to defend its short-term uptrend. Rising Yields Still Not Causing Concerns  Investors continue to ignore rising yields, along with the Federal Reserve's (Fed) aggressiveness in tightening monetary policy.  US yields continued to increase sharply on Monday,...

The USD continues to rally against the yen, jumping above the psychological level of 120 for the first time since February 2016. The BOJ is Dovish In other news, Bank of Japan (BOJ) Governor Haruhiko Kuroda commented on consumer inflation in his appearance on Tuesday. He thinks that inflation will likely rise, weighing on the...

On Monday, the West Texas Intermediary (WTI) benchmark rose to 125 USD, the highest level since 2008. At the same time, the EU benchmark Brent, jumped toward 140 USD. Oil prices spiked sharply following news that the US was talking with European allies about a potential ban on imports from Russia. Sanctioning Russian oil would be...

The euro has rallied strongly over the previous days as traders bought the shared currency following last week’s European Central Bank (ECB) monetary policy decision and press conference. At its Thursday meeting, the ECB sounded unexpectedly hawkish, saying it might recalibrate monetary policy at its next meeting in March. According to the report, the Governing...

Traders rebought the US dollar as sentiment has deteriorated notably, pushing safe-haven assets such as the USD or US bonds higher. Earlier on Monday, the US Manufacturing PMI dropped from 57.7 to 55.0 (worse than the expected  56.8) while the Services survey utterly collapsed from 57.6 to 50.9 (hugely worse than the expected  55.0). Those were the...

The new year started in a bearish regime for US bonds, pushing the two-year yield above 0.8% for the first time since March 2020.  Additionally, the 10-year US yield rose sharply and jumped above 1.6%, while the 30-year yield sky rocketed above the 2% threshold. Falling bond prices and soaring yields sent the USD strongly...