UK inflation expected to jump to 2.2%
The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day. On Monday, the pound…
Turning Bullish On Supermicro – Slope of Hope with Tim Knight
Flipping From Neutral To Bullish In a post here on Friday (“Trading Binary Outcomes On An Explosive Stock”), we opened a pair of trades structured to enable us to profit whether shares…
Euro finds support but remains vulnerable
EUR/USD trades near 1.0550 following previous week’s sharp decline. The pair remains technically bearish in the short term despite stabilizing. ECB President Lagarde will deliver a speech later in the…
Markets Weekly Outlook – PMI Data, UK Inflation and the Soft Landing Conundrum
US Dollar Index rally continues and the impact of a strong US dollar on global markets. Examining upcoming PMI data from the Euro Area and UK CPI figures, and their potential…
Quicksilver – Slope of Hope with Tim Knight
We’re just over an hour into the trading day, and it’s look good so far. Below are my fifteen bearish positions (I am long puts on all of these, expiring…
Headline inflation will remain bumpy
ECB board member Isabel Schnabel argued that the European Central Bank does not need to lower interest rates to a level that would stimulate the economy, as she believes inflation…
Gold (XAU/USD) Price Reclaims $2750/oz Amid Record $3 Billion Inflows into Gold Funds
Gold prices surge past $2750 per ounce on record inflows into gold funds. Gold ETFs saw a massive $3 billion investment last week, the second-largest increase ever. Year-to-date gains for…
Broken Rhyme On Natural Gas – Slope of Hope with Tim Knight
I did a post a month ago looking at the triangles on Oil & Natural Gas. I’ve been following both since, amid the intermittent turbulence in the Middle East, and…
US Dollar steady as markets digest mid-tier data
US Dollar holds its ground at the end of the week, remains in consolidation mode. Fed officials remain cautious on inflation, as Durable Goods Orders miss market expectations. Markets continue…
Markets Weekly Outlook – ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data
Markets are in a holding pattern as investors weigh risks and uncertainties ahead of a busy week filled with key events. The US election is drawing closer, and markets may…
Sissyneck – Slope of Hope with Tim Knight
Greetings from a flight across the nation, as I head toward Philadelphia. The legend of Bear Force One was buried long ago, and for obvious reasons, such as the chart…
EUR/GBP pressured on speculation the ECB is sharpening its sword
EUR/GBP stays pressured at two-year lows on speculation the ECB could slash interest rates before year-end. Lower interest rates would reduce foreign capital inflows, weighing on the Euro. The Pound…
EUR/USD dips to 11-week low
The euro is down for a third straight day on Wednesday. In the European session, EUR/USD is trading at 1.0767, down 0.29% on the day. The euro remains under pressure…
Soarin’ Silver – Slope of Hope with Tim Knight
Well, there I go again. Great chartist. Crummy trader. My thesis, as I mentioned every 12 minutes, is LONG precious metals (silver, specifically) and SHORT equities. That actually, based on…
US Dollar remains at elevated levels and keeps October’s high in reach
The US Dollar trades mildly up as the possible escalation in the Middle East conflict drives flows towards the Greenback. Fed speakers are starting to align with market expectations for…
Markets Weekly Outlook – PMI Data and IMF Meeting Dominate the Agenda
Global markets are reacting to shifts in central bank policies, with the US dollar strengthening and rate cut expectations changing. The upcoming week will be busy with the IMF meeting,…
Hang Seng Gap – Slope of Hope with Tim Knight
We are awfully close to that price gap on the Hang Seng Index. Will this be the end of the China sell-off? Hang Seng Gap Hang Seng Gap In order…
Gold price advances and approaches YTD high as US yields fall
XAU/USD climbs as falling US Treasury yields boost demand for non-yielding assets. Traders anticipate rate cuts from major central banks as inflation cools with the ECB expected to act on…
Bitcoin (BTC/USD) Eyes a Breakout, Have the Stars Finally Aligned?
Bitcoin’s price surged to levels not seen since July, fueled by positive inflows and optimism around a potential bullish breakout. Despite ETF inflows, actual demand for Bitcoin has been waning…
Feel the Burn – Slope of Hope with Tim Knight
As I predicted/hoped on Friday, crude oil is resuming its weakness, as it continues on its long slog of lower lows and lower highs. In turn, my bearish energy positions…