WTI Crude Oil: news flow leaning bullish — the net read
Chronological coverage
First seen14 Sept, 15:06WTI Crude Oil: news flow leaning bullish — the net read
WTI Crude Oil did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: +++ Indonesian Rupiah slips due to stronger US Dollar, soaring oil prices +++ Equities: Resilience versus rates and Oil shock – Danske Bank +++ Iran says it destroys U.S. advanced drone over Hormuz as Middle East conflict intensifies 78 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: +++ leaning bullish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Follow-up14 Sept, 15:07GBP/USD: news flow leaning bearish — the net read
GBP/USD did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: −− British Pound weakens to near 1.3500 on Fed hike bets −− Fed rate hike bets surge as Wall Street analysts converge on September move − EUR/USD Price Forecast: Slides to four-week low as hawkish Fed bets accelerate (fading) 46 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: −−− leaning bearish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Follow-up14 Sept, 15:08Gold (XAU/USD): news flow leaning bearish — the net read
Gold (XAU/USD) did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: −− Fed rate hike bets surge as Wall Street analysts converge on September move −− British Pound weakens to near 1.3500 on Fed hike bets −− Goldman Sachs, JP Morgan expect September Fed hike as inflation lingers (fading) 51 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: −−− leaning bearish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Follow-up14 Sept, 15:09USD/JPY: news flow leaning bullish — the net read
USD/JPY did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: ++ Fed rate hike bets surge as Wall Street analysts converge on September move ++ Euro: Support at 1.1565 watched against US Dollar – UOB ++ British Pound weakens to near 1.3500 on Fed hike bets 50 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: +++ leaning bullish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Follow-up14 Sept, 15:12USD/CHF: news flow leaning bullish — the net read
USD/CHF did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: +++ British Pound weakens to near 1.3500 on Fed hike bets ++ Fed rate hike bets surge as Wall Street analysts converge on September move ++ Swiss Franc weakens as US Dollar gains on Fed rate hike odds 49 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: +++ leaning bullish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Follow-up14 Sept, 15:13EUR/USD: news flow leaning bearish — the net read
EUR/USD did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: −− EUR/USD Price Forecast: Slides to four-week low as hawkish Fed bets accelerate −− Swiss Franc weakens as US Dollar gains on Fed rate hike odds −− Asian currencies weaken as dollar rises, yen holds near seven-month high 45 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: −−− leaning bearish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Follow-up15h agoWTI Crude Oil: news flow leaning bullish — the net read
WTI Crude Oil did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: ++ Euro declines against Canadian Dollar despite ECB rate hike hopes ++ Oil: Supply risks and structural tightness – Rabobank ++ European stocks fall at the open as oil surge and higher bond yields hit sentiment 66 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: +++ leaning bullish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Follow-up15h agoGBP/USD: news flow leaning bearish — the net read
GBP/USD did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: −− What if higher interest rates aren't actually bad for crypto? −− US Dollar Index Price Forecast: DXY eyes 99.80 confluence hurdle as focus remains on Fed −− Ethereum gets jittery ahead of CLARITY Act vote and Fed decision. What to watch next? 35 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: −−− leaning bearish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Follow-up15h agoNZD/USD: news flow leaning bearish — the net read
NZD/USD did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: + Bitcoin steadies at $77.4k with focus on Clarity vote, Fed meeting − Gold slips below $4,300 as firmer dollar, Fed hike bets pressure bullion − Tech boom powers China’s factories but economic imbalances deepen as consumption slows 297 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: −−− leaning bearish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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Latest15h agoEUR/USD: news flow leaning bearish — the net read
EUR/USD did not get one story today, it got several, and they do not all point the same way. Weighed against each other — new against old, and tracking which ones have already faded: −− U.S. 10-yr Treasury yields rise further above 5%, hit highest level since 2007 − Gold slips below $4,300 as firmer dollar, Fed hike bets pressure bullion − The Pound tests an August low on the Fed's hike odds (fading) 280 stories were weighed in this window; the 3 carrying the most weight are listed. Net read: −−− leaning bearish — top of our scale. What this is: a measure of which way the *news* is leaning right now — not a promise about price. A read being right and a read still being worth taking are two different things: once price has travelled a long way from where the read was published, it is stretched, and a lean that is stretched is a no-chase rather than an invitation. Weight is not fixed either. A fresh headline lands, the balance tips, and the net read can flip inside an hour — that shift is the part worth watching, not the first print. I will post an update under this idea once the market has had time to speak, either way. (Informational only — not financial advice, not a signal.)
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