Pagos de cupón previstos hasta el dia 24/04/2023
Top Wall Street analysts say buy these stocks amid the latest macroeconomic uncertainty
TipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including CrowdStrike and Costco
This one-of-a-kind suite of ETFs may help investors during economic slumps
Innovator just launched new barrier ETFs designed to provide investors with downside protection.
S&P 500 Week Ahead Forecast: Bullish Momentum Fades as Bears Flirt with Comeback
The S&P 500 and Nasdaq 100 rose slightly during the week, but upward momentum waned as interest rate expectations have begun to drift higher from their level of a few weeks ago.
Gold Weekly Forecast: Is it Time to Turn Cautious on XAU/USD?
Gold’s rise to a new 13-month high reaffirms that the near-term trend remains up on hopes that the US Fed is nearing the end of the tightening cycle. The yellow metal is now approaching one of the strongest resistance levels that it has faced in months.
Pound Sterling Forecast: UK Fundamental Data Fails to Inspire, CPI Next
Recent GBP/USD performance flatters the pound while further afield, sterling has not performed all that well particularly against the euro and franc. UK CPI up next
Wheat futures price forecast: Analyzing the technicals and potential targets
In this article, we will explore wheat futures technical analysis and provide a price forecast based on current market trends. We’ll also discuss potential trading strategies and risk management for those interested in wheat-related assets.
Key Points for the wheat futures technical analysis video
- Wheat futures breakout of an ascending wedge on the 4-hour time frame
- Next probable target: 700 round number
- Potential retest and entry points for investors and traders
- Longer-term price movements and possible targets
Wheat Futures Technical Analysis: Breakout of Ascending Wedge
A recent technical analysis on the 4-hour time frame shows that wheat futures (ZW) have broken out of an ascending wedge. This bullish pattern suggests that the next probable target for ZW could be the 700 round number.
Possible Retest and Entry Points
Investors and traders may want to time their entries with a possible retest of the descending wedge, while being aware that it might not happen and they could miss their entry points. A balanced approach could be to scale into the trade, ensuring risk management while taking advantage of potential price movements.
Always trade at your own risk and consult ForexLive.com for additional perspectives on wheat futures technical analysis and price forecasts.
Wheat Futures on the Weekly Time Frame: Building a Base
Looking at the weekly time frame, wheat futures have experienced a strong downtrend from their all-time high of 1430.6, currently sitting about 52.3% below that level. However, the market may be starting to build a base and find support in an area that has seen consolidation and price reactions in the past. This could indicate an interesting area to bet on wheat building a base and potentially moving higher.
Potential Longer-Term Targets: 800 Round Number
If the base-building scenario plays out, traders and investors may consider aiming for a longer-term target of the 800 round number, close to previous highs. For those trading long, it could be worth leaving a portion of the position (e.g., 20% or more) to capitalize on a possible move towards 800.
Different instruments, such as call options, CFD contracts, or future contracts, can be used to play this potential longer-term move in wheat futures.
In summary, wheat futures technical analysis points to a breakout from an ascending wedge, with the next probable target being the 700 round number. Investors and traders should keep an eye on possible retest levels and entry points, as well as longer-term targets around the 800 round number. As always, trade at your own risk and visit ForexLive.com for additional views and insights on wheat futures price forecasts.
This article was written by Itai Levitan at www.forexlive.com.
MUFG trade of the week: Stay short USD/JPY, sell USD/CAD
MUFG Research maintains a short USD/JPY exposure (spot ref: 134:70) in its TOTW portfolio with a target at 129.00, and a stop at 138.50.
„We are maintaining a short USD/JPY trade idea. While there are risks of further increases in US short-term yields, we doubt USD/JPY will gain to the same extent of traction and see risks of the move higher petering out,“ MUFG notes.
MUFG also added a fresh short USD/CAD position (spot ref: 1.3375), with a target at 1.2950, and a stop at 1.3650.
„We’re adding a short USD/CAD trade idea based on recent developments we view as CAD supportive,“ MUFG notes.
For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.
This article was written by Adam Button at www.forexlive.com.
Yellen says outflows from banking system have stabilized but what about within the system?
- Deposit outflows from the banking system have stabilized. Things have been calm but monitoring carefully
- Bank lending standards have tightened somewhat , may be more tightening to come
- Not seeing anything dramatic enough to significantly change outlook for moderate growth, strong labor market and easing inflation
- Over time, there is risk that financial system sanctions linked to dollar could ‚undermine the hegemony‘ of the US dollar
- Sanctions do create desire by China, Russia and Iran to find an alternative to dollar
I find it interesting that Yellen said outflows from the banking ’system‘ have failed rather than saying outflows from small banks have stabilized. Jim Bianco highlights that yesterday mega-cap US banks jumped and small cap banks fell 2.1% in a sign that money is flowing in one direction without leaving the system.
This article was written by Adam Button at www.forexlive.com.