Christopher Vecchio

Next Leg Lower in EUR-crosses in Focus after Weaker CPI

EUR/USD and USD/JPY Await Yellen Testimony Near Breakout Levels

Crude oil is down 4.72% for the month so far Crude oil prices (/CLM4) have three technical problems coalescing at the same time. Natural gas prices (/NGM4) are making another earnest attempt at bottoming. A long /NG, short /CL position would be up 13.07% month-to-date at today’s close. Fig. 1: Year-to-date price percent change chart for /CL, /NG, and /RB OPEC+ production is falling, and the U.S. may be readying to refill the Strategic Petroleum Reserve (SPR), but even those kinds of “supply c…

The S&P 500 is up 1.73% for the month to date Each week, buy-side and sell-side analysts produce reams of charts and data visualizations to help contextualize price action across asset classes. These data can help shape one’s thinking, offering evidence for increased conviction or criticism about currently held beliefs. Likewise, they may offer insight into relative risk/reward opportunities in various markets. These are the five charts that had an impact on my views on markets this week. 1) No…

One Last Bout of Volatility for USD Before Holidays - Today

Trade Setups in USD-pairs Ahead of July US NFPs

May Forex Seasonality Sees US Dollar Outperformance versus Aussie, Euro

USDOLLAR Index Makes Attempt at Putting in a Bottom

Also 10-year T-note, gold, crude oil and British pound futures S&P 500, 10-year T-note, gold, crude oil, British pound futures S&P 500 E-mini futures (/ES): +0.19% 10-year T-note futures (/ZN): -0.42% Gold futures (/GC): +0.3% Crude oil futures (/CL): +0.86% British pound futures (/6B): -0.06% Trading has resumed after the mid-week holiday and it’s more of the same for U.S. equity markets, with the S&P 500 (/ESM4) and Nasdaq 100 (/NQM4) setting fresh intraday all-time highs overnight. Bond…

USD Turns to First of Two Major Pre-FOMC Data Prints Today