• Gold is on a TEAR!

    Gold is on a TEAR!

    • September 13, 2024

    On track to end the week up +3.0%, spot gold (ticker: XAU/USD) has outperformed versus the US dollar (USD), underpinned by lower moves in US Treasury yields and the deterioration of the USD ahead of next week’s rate announcement from the US Federal Reserve. Breakout Higher In the latest edition of The Pattern Pulse, the

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  • Boeing in the Spotlight

    Boeing in the Spotlight

    • September 13, 2024

    The Boeing Company (ticker: THE) is under pressure amid the ongoing strike, consequently affecting production at its commercial hub in Seattle. Following the rejection of a tentative contract offer from the company, Boeing’s largest union voted to walk off the job on Thursday. Workers rejected the contract by 94.6% and 96% voted to strike. Down

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  • ECB Cuts Rates; Growth Forecasts Revised Lower

    ECB Cuts Rates; Growth Forecasts Revised Lower

    • September 12, 2024

    As widely expected, the European Central Bank (ECB) cut all three key benchmark rates at today’s meeting. The central bank lowered the deposit facility rate by 25 basis points to 3.50% from 3.75%; the main refinancing rate and marginal lending facility rates were also reduced by 60 basis points to 3.65% (from 4.25%) and 3.90%

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  • Adobe Potentially Gearing up for a Breakout Higher

    Adobe Potentially Gearing up for a Breakout Higher

    • September 12, 2024

    Upcoming Earnings: Adobe Inc. (ticker: ADBE) is scheduled to report earnings after the market closes on 12 September. The consensus earnings per share (EPS) estimate for the fiscal quarter ending August 2024 is US$3.63. The reported EPS for the same quarter a year prior was US$3.26. Ichimoku Support Ahead of Adobe’s earnings release this week,

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  • The Pattern Pulse – 12 September 2024

    The Pattern Pulse – 12 September 2024

    • September 12, 2024

    Your weekly outlook of technical patterns and structure delivered directly to your inbox. The FP Markets Research Team scans the financial markets for you, highlighting clear and actionable technical structures. Forex: AUD/USD Completes Daily Head and Shoulders Top Pattern Daily Timeframe: As evident from the daily timeframe of the AUD/USD currency pair (Australian dollar versus

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  • US CPI Inflation Cooled to +2.5% in August

    US CPI Inflation Cooled to +2.5% in August

    • September 11, 2024

    According to a report released by the Bureau of Labor Statistics (BLS) earlier today, headline US CPI inflation (Consumer Price Index) eased to +2.5% in August (YoY), testing levels not seen since February 2021. The latest inflation data sent US Treasury yields and the US Dollar Index northbound, with major US equity index futures trading

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  • GBP/USD Eyeing Lower Levels?

    GBP/USD Eyeing Lower Levels?

    • September 11, 2024

    Following economic activity in July stagnating for a second consecutive month, the focus was on the GBP/USD currency pair (British pound versus the US dollar). Monthly Resistance Technically, the trend remains to the upside for the pairing and recently reached a year-to-date high of US$1.3267. Longer-term price action on the monthly timeframe is struggling to

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  • USD/JPY: Ichimoku Resistance

    USD/JPY: Ichimoku Resistance

    • September 10, 2024

    The US dollar (USD) remains on the back foot versus the Japanese yen (JPY), poised to retest the August 2024 lows around ¥141.69. Active Conversion Line/Base Line Resistance While downside momentum has noticeably slowed for the USD/JPY currency pair, sellers are still in control. You will probably see that since the Conversion Line (blue at

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  • Index and Commodities Trading Week Beginning 09/09/2024

    Index and Commodities Trading Week Beginning 09/09/2024

    • September 8, 2024

    XJO WEEKLY Price structure: Outside range. The XJO Weekly chart has set an “outside period” with a long-range bar high to low. Using the Haguro method this type of bar (#9) with a lower wick exposed is identified as a turning point bar when found in a high price area following the August low point.

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  • Week Ahead: US CPI Inflation and ECB Rate Decision in Focus

    Week Ahead: US CPI Inflation and ECB Rate Decision in Focus

    • September 7, 2024

    The first full week of September culminated in the release of the US Employment Situation Report for August. Non-farm payrolls revealed that the US economy added 142,000 jobs, up from July’s reading of 114,000, though weaker than the market’s median estimate of 160,000 (Reuters). US Treasury yields and the US dollar (USD) nosedived following the

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  • Optimism Fading for BTC/USD?

    Optimism Fading for BTC/USD?

    • September 5, 2024

    Down -4.0% month to date, Bitcoin (BTC) versus the US dollar (USD) is extending last week’s -7.3% fall. Weekly Support The technical landscape reveals that although weekly support at US$56,796 prompted a bullish reaction in August, the major cryptocurrency failed to register any meaningful highs. Adding to this, the unit is also retesting the grip

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  • US Services Activity Unexpectedly Expanded in August

    US Services Activity Unexpectedly Expanded in August

    • September 5, 2024

    According to the Institute for Supply Management (ISM), US economic activity in the services sector expanded for a second consecutive month in August. The headline Services PMI increased to 51.5, up from 51.4 in July and also bettered the market’s median estimate of 51.1. While this sent the US Dollar Index and US Treasury yields

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