Euro quiet ahead of US nonfarm payrolls
German Factory Orders rebound with 3.6% gain US nonfarm payrolls projected to ease to 170,000 The euro is almost flat on Friday after two straight daily gains. In the European…
The Phun Didn’t Last – Slope of Hope – Technical Tools for Traders
Remember Phunware? That was the company that had exclusive rights to sell ads on Trump’s new social network. It’s down something like 99.6% from the past couple of years. The…
Oil sees $87 under pressure despite US stockpile drawdowns and OPEC+ supply cut extension
Share: Oil (WTI) not enjoying the week as it trades below $90. The US Dollar printed a new high in the US Dollar Index, flirting with the 52-week…
Swiss franc slips as inflation falls
Swiss inflation declines by 0.1% The Swiss franc has extended its losses on Tuesday. In the European session, USD/CHF is trading at 0.9212, up 0.31%. Swiss inflation declines by 0.1%…
Spooktacular October Ahead (by Xerxes) – Slope of Hope – Technical Tools for Traders
As with most of my posts, I’ll start with the small print first. I don’t know for sure what is going to happen in the next month, but I am…
FLOKI sets stage for 30% rally
Share: Floki Inu price rallied nearly 20% on September 30 but closed the candlestick with a 12% gain. The recent uptick opens the possibility of a 30% rally…
USD/CAD: Loonie weakens after GDP miss and on oil profit-taking
Canadian economy struggles to find growth Oil price rally exhausted as $100 price remains elusive GDP sends BOC rate hike odds down; October 25th meeting at 30.4% vs yesterday’s 42.2%…
Thursday Follies – Slope of Hope – Technical Tools for Traders
By an obscure codicil of federal statute, I cannot end the day with a post griping about my XLU trade. Thus, even though God knows I’ve created plenty of new…
Australian Dollar trades higher around 0.6370, focus shift to US GDP
Share: Australian Dollar holds ground above 0.6350 after soft Retail Sales data. Australia’s Retail Sales grew 0.2% in August, lower than the expected 0.3% US Dollar continues to…
WTI Oil Technical: Continuation of potential impulsive up move within a major uptrend
The recent minor corrective pull-back of -4.7% from its 19 September 2023 high of US$93.05 is likely to have ended. Bullish reversal candlestick, a daily “Hammer” sighted after a retest…
On the Dole – Slope of Hope – Technical Tools for Traders
By Tim Knight – 1 hour ago (25, Sep 2023 9:18:00 PM) On the Dole On the Dole In order to comment on this blog, you must have JavaScript installed…
Manages to hold above 100-day SMA, bias seems tilted in favour of bulls
Share: USD/MXN struggles to gain any meaningful traction and oscillates in a range on Monday. The technical setup supports prospects for some meaningful upside amid a bullish USD.…
Video – Key support broken in GBP/USD after the Fed and BoE decisions
OANDA Senior Market Analyst Craig Erlam gives his analysis of GBPUSD after the Fed and BoE interest rate announcements. Content is for general information purposes only. It is not investment…
Good Timing, Chamath! – Slope of Hope – Technical Tools for Traders
Virgin Galactic (SPCE) is one of countless SPAC wrecks that have destroyed the accounts of commoners while enriching the billionaires like Chamath Pdyasdkjfkasdjioteu. Kindly note where he dumped his holdings.…
AUD/USD manages to hold above 0.6400, upside potential seems limited amid bullish USD
Share: AUD/USD lacks any firm intraday direction and oscillates in a narrow trading band on Friday. Business activity in Australia’s private sector returns to growth in September and…
Pre-FOMC Picture Show – Slope of Hope – Technical Tools for Traders
By Tim Knight – 2 hours ago (19, Sep 2023 4:16:35 PM) Pre-FOMC Picture Show Pre-FOMC Picture Show In order to comment on this blog, you must have JavaScript installed…
Case to hold was stronger, recent data did not materially alter economic outlook
Share: The Minutes of the Reserve Bank of Australia’s (RBA) September monetary policy meeting, published on Tuesday, highlighted that the board agreed that the “case to hold was stronger, as…
USD/CAD: Loonie rides oil’s bullish wave
US dollar weakness emerges on as inflation expectations fall to lowest levels in over two year; November Fed rate hike odds remain a coin flip Oil rallies for a third…
Sources of Power – Slope of Hope – Technical Tools for Traders
By Tim Knight – 56 minutes ago (16, Sep 2023 2:33:00 PM) Sources of Power Sources of Power In order to comment on this blog, you must have JavaScript installed…
S&P 500 closes week lower amid surging volatility and skyrocketing US yields
Share: S&P 500 closes down at 4450.32, losing 1.22%, as Technology, Consumer Discretionary, and Energy sectors led the decline. Upbeat US economic data, including a rise in the…