Greg Michalowski

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Central Banks
Schmid
Central Banks

Feds Schmid: No room to be complacent on inflation

  • Fed's Schmid warns against complacency on rising inflation, maintains hawkish policy stance.
Technical Analysis
Gold cooling
Technical Analysis

Gold Technicals: In a surprise move, gold is racing to the downside. What next?

  • Typically, in times of uncertainty, the price of gold runs higher and it did yesterday until finding willing sellers. Today, the sellers have added to the bias shift.
Central Banks
Federal Reserve fed williams 2
Central Banks

Fed's Williams: If inflation ebbs, further reduction in policy rate would be warranted

  • NY Fed Pres. Williams speaking, but does not address impact of Iran conflict in prepared remarks
Technical Analysis
Strait of Hormuz
Technical Analysis

Crude oil is a surging. What needs to happen to give the sellers control?

  • When the market is trending to the upside, the sellers need to take back control. If they can't have a technical victory against the buyers, the trend to the upside continues. Listen to the price action.
Technical Analysis
USDCAD technicals
Technical Analysis

USDCAD Technicals:USDCAD was pulled higher by the USD, but higher oil is now pulling lower

  • There is a battle in play with the buyers and sellers in the USDCAD. On the topside, a swing area between 1.37149 and 1.3724 remains as a key ceiling. On the downside, support comes in at hourly moving average levels between 1.36720 and 1.36805
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