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USD/JPY remains supported near multi-decade highs, but the threat of renewed Bank of Japan intervention could create sharp volatility throughout June.
The S&P 500 remains bullish heading into June, with pullbacks toward 7,300 likely to attract buyers as momentum targets a move toward 7,700.
The NASDAQ 100 remains bullish heading into June, with the AI trade supporting further upside while geopolitical risks and overbought conditions may trigger choppy pullbacks.
Gold remains pressured by high US interest rates, but June could bring a rebound if yields ease and Middle East uncertainty starts to settle.
Nasdaq 100 has pulled back slightly late in April, and this could lead to the beginning of May being somewhat soft.
The US dollar bounced a bit in the latter half of April, and May could see a touch of continuation in this pair.
Gold markets have been noisy in the month of April, but unfortunately, I don’t think May will be any different.
The S&P 500 was very strong in April. However, I suspect May won’t be as easy for the bulls.
The USD/JPY is trading near values seen in January as it traverses as of this writing near the 159.520 vicinity, but this time around financial institutions do not seem as afraid about potential BoJ interventions.
BTC/USD continues to remain in limbo in many respects, this as it hovers near the $67,000.00 level and shows little in the way of being able to resume momentum upwards.
The EUR/USD is trading near the 1.14620 mark as of this writing, this as the month of March concludes with the currency pair mired in a rather dramatic bearish trajectory.
As of this writing the USD/ZAR remains within the upper realms of its value, this as the currency pair continues to suffer from nervous sentiment via USD centric strength as the Iranian war flares.
The light sweet crude oil market has been as high as just under the $120 level and as low as the $77 level during the month of March. In other words, it’s been all over the place and the only thing that I can see on the chart that is somewhat consistent is that anytime the market
Gold spent most of the month of March falling rather significantly, but it has turned around to show signs of life at the $4100 level. The market has been very volatile and a lot of this comes down to the interest rate markets in the United States, which of course will continue t
The NASDAQ 100 has been very negative during the trading month of March as we continue to see sellers jump in and start selling every time it tries to rally. We have formed several long wicks to the upside every week as every time we try to recover, fear reenters the market. This
