TMF has held strong throughout August and September, but is starting to show some weakness in October. I have $54.72 and $47.50 as two key support levels to monitor. TMF is also trading near local support around $56, I would monitor to see if the $56 and $54.72 support levels hold for now.
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There is a misconception that the U.S. economy has been tightening. The reality is we have experienced QE through excessive government spending and liquidity injections from the US treasury. Data shows our economy is as loose as it was during the 2021 meme stock rally. As the Fed continues to cut rates conditions could become […]
Read MoreUSD / JPY has declined after Shigeru Ishiba was elected to become prime minister by the Liberal Democratic Party. USD/JPY has experienced a sharp selloff, and is trading slightly above a $140.95 support level. I think USD/JPY is at risk of losing support over the next few weeks, which could cause some panic for the […]
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While the euro has managed to climb recently, largely due to external factors like China’s economic stimulus and weaker U.S. data, this upward momentum might not last long. The underlying economic issues in the Eurozone are still present, and without a sharp improvement in the region’s economic data, the euro could struggle to maintain its […]
Read More
There is a misconception that the U.S. economy has been tightening. The reality is we have experienced QE through excessive government spending and liquidity injections from the US treasury. Data shows our economy is as loose as it was during the 2021 meme stock rally. As the Fed continues to cut rates conditions could become […]
Read MoreUSD / JPY has declined after Shigeru Ishiba was elected to become prime minister by the Liberal Democratic Party. USD/JPY has experienced a sharp selloff, and is trading slightly above a $140.95 support level. I think USD/JPY is at risk of losing support over the next few weeks, which could cause some panic for the […]
Read MoreWhile the euro has managed to climb recently, largely due to external factors like China’s economic stimulus and weaker U.S. data, this upward momentum might not last long. The underlying economic issues in the Eurozone are still present, and without a sharp improvement in the region’s economic data, the euro could struggle to maintain its […]
Read More