James Stanley
James Stanley
Sr. Strategist
Expertise: Price Action, Macroeconomics
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VIX Spikes, Yen Surges, Yields Dive: Recession Fears Begin to Take Over
It’s been a busy and messy week across global macro markets. The push points behind the tumult are parsed through in this piece.
British Pound Technical Forecast: GBP/USD, GBP/JPY, EUR/GBP
It was another strong week for the British Pound as Core CPI came out well-above the expectation, leading to a 1.2750 test in GBP/USD and a 200.00 test in GBP/JPY.
British Pound Forecast: GBP/USD, GBP/JPY, EUR/GBP
The Bank of England hosts a rate decision on Thursday and GBP/USD has pushed back-above the 1.2500 handle. GBP/JPY slid after touching the 200.00 mark for the first time since 2008, and EUR/GBP is showing bearish breakdown potential with two different technical formations.
S&P 500, Nasdaq, Dow Jones Forecast for the Week Ahead: Into the FOMC
It was a come back type of week for stocks, even with another hot inflation report. But next week brings the Fed and markets are still holding on to hopes for 2024 rate cuts.
British Pound Technical Forecast: GBP/USD Holds Confluent Support at the 200DMA
GBP/USD held in a range for much of Q1, even as USD strength re-appeared. But a fundamental twist in March puts bulls on their back foot, with GBP/USD limping into Q2 at confluent support.
Price Action Trends: Higher-Highs and Higher-Lows, the Rhythm of Life
Price action strips away the indicators and focuses on the most important variable on the chart, price itself. In this article we look at how traders can get started with this field of study.
Gold Price Forecast: XAU/USD Massive Bull Run Holding Near ATH
Gold has been extremely bullish since last October’s open and as the Fed’s retained a dovish stance the yellow metal has forced a massive breakout. The big question now is whether it can continue.
WTI Crude Oil Forecast: Rejected at Resistance but Bullish Structure Remains
Oil prices have been very range-bound over the past few months but breakout potential remains as WTI has built an ascending triangle inside of the recent range.
Gold Price Forecast: XAU/USD Bulls Respond to First 2024 Test Below $2k
Gold has been resilient so far in 2024 even as USD strength re-appeared. The big question now is whether bulls can find a more favorable outcome on tests of resistance at $2,032 or $2,050.
Euro Price Outlook: EUR/USD Breakdown Pulls Back as USD Holds 105
Euro bears have been persistent so far this year, but they’ve also shown a degree of hesitancy on tests of fresh lows as the longer-term range remains in-play.
U.S. Dollar Price Action Webinar: DXY, Gold, Bitcoin, FX Majors
The U.S. Dollar set another fresh high yesterday, extending the bullish structure that’s priced in so far this year.