Most Nasdaq traders assume that once price breaks the pre-market high or low, it has to keep going. Often, the best trade is the reversal. In Part 2 of our pre-market trading series, Kathy Lee breaks down the Sweep and Reclaim, the highest probability of the three pre-market setups we trade. Instead of chasing the breakout, we wait for…
How have interest rate expectations changed after this week’s events? !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Review NOTE: U.S. financial markets will be closed on Monday, September 7, in observance of the Labor Day holiday. Reportedly, U.S. Treasury Secretary Bessent supported the yen to prevent Japanese investors exiting the Treasury market. Meanwhile, the central bank of the Netherlands could be seen exiting the New York Federal Reserve with as much gold as it could carry. The…
investingLive European news wrap: Markets consolidate ahead of NFP !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
Crude Oil is once again closing in on the psychologically important $100 a barrel threshold, reviving a question few traders were seriously contemplating only weeks ago: could Brent surge to $130 before 2026 is over? Brent traded as high as $97.62 on September 3 as renewed U.S-Iran hostilities pushed the Strait of Hormuz back to the centre of global…
CPI week: August inflation is the last read before the September 16 FOMC, the Fed is in blackout, Monday is a holiday, and the print splits hot headline over cool core.
Iran warns of tougher response: Oil, gold and stocks to watch over the holiday weekend !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
OCBC’s Christopher Wong notes that strong foreign-currency inflows linked to the RBI’s special measures have bolstered the Indian Rupee (INR) and strengthened the central bank’s FX buffer. However, with the FCNR(B) window now closed, the exceptional near-term dollar supply is expected to fade, potentially leading to more two-way RBI management. Wong adds that USD/INR remains under bearish pressure, though…
It’s the final countdown to jobs Friday with both the US and Canadian numbers due up at the bottom of the hour. USD/JPY remains in focus as it’s now more than 100 pips from yesterday’s low and we had some more turbulence in Asia. I would imagine macro traders avoid that pair in the aftermath of the report. Otherwise,…
DBS Group Research economist Chua Han Teng notes that Bank Negara Malaysia (BNM) held the Overnight Policy Rate at 2.75% while dropping language that the current level is appropriate. DBS expects rates to remain unchanged through 2026 but sees risks tilted towards a one-off policy normalisation. BNM holds but signals flexibility “Bank Negara Malaysia (BNM) maintained its Overnight Policy…
