Forex

Our Q2 forecast for equities had centered around a mentality shift from a “buy the dip bias” to a “sell the rip” with the Federal Reserve and central banks alike…

The British Pound suffered heavy losses through the first quarter of 2022. GBP/AUD dropped more than 10% from its January peak before hitting multi-year lows in April.

Bitcoin Prices have followed overall market sentiment as rate hikes get digested into sentiment.

Gold prices head into the start of Q3 trading just above the objective yearly open with XAU/USD still holding multi-year uptrend support.

The Dollar performed exceptionally well through the first half of 2022 – and more broadly over the preceding year.

Euro plunged more than 1.3% against the Dollar this week with EUR/USD now approaching support a the yearly low. Levels that matter on the weekly technical chart.

Gold spent almost two months in a range and finally started to show breakdown symptoms on the first day of Q3.

ISM manufacturing grows at its weakest pace since June 2020, a sign that the U.S. economy is cooling rapidly amid tightening financial conditions.

Anotherbout of risk aversion rippled across global markets Friday, as havens advance.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bullish contrarian trading bias.