SGT Chart Book
The main themes from last week for anyone who missed out: A drop in US Bond prices after the Fitch rating agency downgraded the US credit rating from AAA to AA+, sending yields…
Last week, the Fed and the European Central Bank (ECB) implemented another 25-basis point hike, raising the rate to 5.5% and 4.25% respectively, a decision which aligned with market expectations.
Wednesday 26th July will see the Fed announce its next interest rate decision. The consensus is for a further 25 basis points to bring rates up to 5.5%. This week also sees a
After a choppy range bound week, we can see the market testing the short-term uptrend line, currently around 4110/15 area. A break here would put a test of the 4070 level.
Inter-market analysis can be extremely helpful in building out a technical picture across asset classes. Last week we saw potential completion of a 5 wave up moves in EUR/USD and XAUUSD, and a series of outside day* chart patterns, technical divergences or indicators rolling over across other markets.
Happy Easter all! The major theme across asset classes has been a consolidation of recent ranges, with the exception of the surprise OPEC production cuts, oil gapping up at last week’s open and silver breaking out from a series of lower tops with trendline resistance breaking at the 24.10/15 area.
XAGUSD Daily Bar Chart Silver testing trendline resistance area around…
WTI Oil: 4-hour Close-Only Chart Oil broke down after potential…