US mortgage applications data: MBA mortgage applications: -0.6% (prior -0.7%)Mortgage market index: 195.6 (prior 196.8)MBA purchase index: 145.6 (prior 145.7)MBA refinancing index: 4536.5 (prior 460.9)MBA […]
BofA increase their 2024 wti forecast to $81BofA increase their 2024 wti forecast to $81
BofA has raised their 2024 forecasts for both WTI ($81) and Brent ($86). The bank noted that improvement in demand has been enough to create […]
Nasdaq Composite Technical AnalysisNasdaq Composite Technical Analysis
Yesterday, the Nasdaq Composite opened the day lower but traded mostly higher into the close. The market got pressured by the strong US ISM Manufacturing […]
Quick snapshot of what is priced for major central banksQuick snapshot of what is priced for major central banks
Below is a handy table that shows what type of interest rate changes are expected for the major central banks over their next few policy […]
GBPJPY Technical AnalysisGBPJPY Technical Analysis
GBP The BoE left interest rates unchanged as expected but with Haskel and Mann this time voting for a hold instead of a hike. The […]
What is driving gold’s rise?What is driving gold’s rise?
Gold is often seen as a hedge against inflation, but in 2022, despite favorable conditions, the precious metal performed poorly, to say the least. Although […]
Implied volatility levels for todayImplied volatility levels for today
Below is a list of the implied volatility daily ranges for various assets. These levels are based on 1-month implied volatility and can be used […]
Eurozone flash HICP prints at 2.4% vs expected of 2.6%Eurozone flash HICP prints at 2.4% vs expected of 2.6%
Today’s Eurozone flash HICP data surprises lower across the board for the YY numbers but a beat for the MM: HICP Flash YY: 2.4% (expected […]
A risk to be aware of for dollar bulls with this week’s economic dataA risk to be aware of for dollar bulls with this week’s economic data
The dollar saw a solid upside move following Monday’s beat in the ISM manufacturing PMI. As a result many are expecting a similar beat in […]
Sentiment remains cautious as we get the session goingSentiment remains cautious as we get the session going
Market sentiment remains cautious following yesterday’s price action. Equities: – Marginal downside in equities with most major benchmarks still trading close to their lows from […]