Matt Weller CFA, CMT
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Japanese Yen Forecast: BOJ “Green Lights” Resumption of Carry Trade but Questions Remain
The technical bias in USD/JPY will remain to the upside as long as it remains above the 146.00 level.
Nasdaq 100 Forecast: Tech stocks Recover, but Will the NDX Rally Hold?
Watch for an NDX close either above the 18,400 level (which could come as soon as today) or a close below the 200-day MA near 17,800 to tip the odds in one direction or another.
Gold Forecast: A Breakout Deterred or Merely Deferred for XAU/USD?
Gold has yet to set a “lower low” since early June, keeping the near-term bullish momentum intact for now.
Bad Economic News is Once Again Bad Bitcoin News - Cryptoasset Weekly Update (August 3 2024)
Traders now fear that the Fed is “behind the curve” and risks tipping the US economy into recession – bad (economic) news is once again bad news (for Bitcoin and other risk assets).
NFP Preview: Are the Fed’s Fears of a Jobs Market Slowdown Justified?
Leading indicators point to a below expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 125K-175K range.
Forex Seasonality – August 2024: Bearish Implications for GBP/USD and AUD/USD
August has historically been the weakest month for GBP/USD and AUD/USD - see what other past tendencies we can glean about forex seasonality in the upcoming month!
FOMC Meeting Preview: The Fed Won’t Cut…but it Should
The US Dollar Index (DXY) is testing the critical 104.50 level – today’s close will be key.
ETH ETFs Launch, Traders Sell the News Again - Cryptoasset Weekly Update (July 27 2024)
Surprising no experienced crypto market participant, the launch of cash Ethereum ETFs led to a classic “sell the news” reaction in ETH/USD’s price.
Euro Forecast: EUR/USD Digests Data, Core PCE on Tap
EUR/USD is trying to stage a bounce off the 38.2% Fibonacci retracement of the late-June to mid-July rally
Dow Jones Forecast: DJIA Hits 40K – Will We See a Bounce?
The DJIA has fallen back to retest the psychologically-significant $40K level, which could now provide support for the index moving forward.
Nasdaq 100 Forecast: Biden Drops Out, Tech Stocks Bounce Back
The Nasdaq 100 is bouncing off 50-day EMA support – key resistance looms at 20K, with support at 18,900 and 18,400.