It’s the weekly commodity edition of What the FICC?
I have to imagine Uranium stocks catch a bid if copper and gold are ripping higher.
Check it out!
Expert technical analysis of financial markets by JC Parets
by Ian Culley
It’s the weekly commodity edition of What the FICC?
I have to imagine Uranium stocks catch a bid if copper and gold are ripping higher.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
Commodity prices remain elevated despite easing inflationary pressures.
It’s evident in the two overarching themes across the commodity space – resilience at the index level and relative strength from metals.
I’ve been vocal about both, urging readers not to fight DR. Copper while teasing the possibility of Gold reaching 5K. I’m serious about both!
Strength likely spills over into the periphery if we’re in an environment where gold and copper print fresh highs.
That brings us to my favorite chart this week…
by Ian Culley
It’s the weekly bond edition of What the FICC?
The near-term direction of US interest rates will play a major role in how market conditions resolve in the coming weeks. This is a chart you want to monitor closely…
Check it out!
by Ian Culley
From the Desk of Ian Culley
Choppy conditions prevail.
Sure, risk appetite is returning as long-duration assets catch a bid.
The ARK Innovation ETF $ARKK, Tesla $TSLA, and even the Emerging Markets Bond ETF $EMB show impressive near-term strength.
Nevertheless, the overall market is still a range-bound mess…
The S&P 500 churns below overhead supply. A decisive downside resolution in the US Dollar Index $DXY has yet to occur. And commodities – at least at the index level – refuse to violate key support levels.
I doubt the markets will clean themselves up in the coming weeks. But if you want insight into the near-term direction of the major asset classes, keep an eye on this one chart…
by Ian Culley
It’s the weekly currency edition of What the FICC?
If the US dollar index $DXY is going to catch higher, it has a funny way of showing it. I haven’t ruled out a bout of dollar strength.
Nevertheless, I’m preparing to play USD weakness.
Check it out!
by Ian Culley
From the Desk of Ian Culley @IanCulley
I haven’t ruled out a US dollar bounce.
But it seems less likely with each passing day.
Other major global currencies are regaining lost ground following a year dominated by dollar strength. It shows in the US Dollar Index $DXY as it continues to slide back within its prior multi-year range.
Lower lows for the DXY will not instill confidence in dollar bulls. Meanwhile, savvy investors should take its performance as a signal to buy other currencies.
Here are two of my favorite setups from the forex markets…
by Ian Culley
It’s the weekly Gold Rush!
The intermarket landscape provides favorable conditions for precious metals as the US dollar experiences an unabated decline.
Check it out… [Read more…]
by Ian Culley
From the Desk of Ian Culley @IanCulley
Gold is running into supply.
Whether the former 2011 highs still hold any psychological significance doesn’t matter.
Gold bulls continue to find an overwhelming amount of sellers at that level. This will remain the case until demand absorbs supply.
How long will that take? It’s anyone’s guess – maybe weeks, perhaps even months or quarters.
The point is, gold needs time.
Meanwhile, silver futures are coiling within a tight range… [Read more…]