Good morning traders, Markets are slow because of holiday in the US, so we may not see any big changes in flows through the day. However, we should pay attention to BREXIT especially after latest Merkel comments, that they are preparing on every level for a no-deal Brexit. This cannot be positive for the euro or gbp, so be aware for a potential weakness on these...
Stocks fell hard after the June 10 Federal Reserve meeting. The S&P 500 bounced after holding 3,000, and some interesting changes have occurred amid the volatility. Simply put, money is rotating back to “growth” and away from “value.” Recent weeks saw a big surge of interest in beaten-down “reopening” stocks like airlines, banks, industrials, energy. But now it’s...
Hi traders, I have picked another market for today´s analysis. Our best shot for today can be VRTX (we just have to wait for the entry bar). It´s a pharmaceutical company that increased the price of its stock during the Coronavirus crisis. If we compare the price with the SPY market and take the correlation into the consideration we can see that VRTX has...
For several weeks, value stocks like airlines, energy , financials and industrials have outperformed. Coronavirus hammered these companies the most because they’re very sensitive to the economy, so it’s not a surprise that they enjoyed strong bounces as the social lockdowns ended. The Nasdaq-100 underperformed during the same time, but didn’t roll over. In...
Recent weeks saw a brief flareup between the U.S. and China. But tensions haven’t escalated, and now Chinese stocks have exploded higher as things calm. The Nasdaq Golden Dragon Index is back to its highest levels since July 2018 and price action in the currency market may favor more gains in coming months. The U.S. dollar-Chinese Yuan pair seems to have...
Hi traders, today´s video combines educational content and analysis of 4 major Indexes. BUT! We do not analyze them separately, but together - WE DO THE INTERMARKET ANALYSIS. It is this approach that will show you whether an index is overvalued or undervalued. How is that possible? There is a great correlation between them. Look a the NASDAQ guys. That´s the...
Precious metals have been the strongest corner of the market this year. It’s not a surprise when you consider the coronavirus pandemic, the resulting economic crash and now hefty monetary stimulus from central banks. Precious metals might not have controlled supply like Bitcoin , but it’s definitely MORE controlled than fiat currencies. Gold and silver both took...
The FANGM close below the 10-day average could signal a bearish shift, which would be amplified by a bearish trend reading on ADX. Note that the FANGM bottomed before the SPY, blue line, in March.
We tried to gauge the USDINR based on the World's most tradable currency i.e EURUSD . Below are the following reasons (1) EURUSD trading near its rock solid weekly support of 1.0746 i.e forming a falling wedge (2) Below RSI is trading at its monthly support levels (3) USDINR is facing a stiff resistance at rising resistance line near 76.32 levels. (4) We assume a...
Matter of fact knowing poor equity market performance from last night we got a strong dollar and yen. This two currencies had gain against other currencies well through out the day. Lower risk appetites market situation favored the yen leading this cross pair price further lower. Bear 🐻 has already weighed over this pair and I think if market players aren't...
Relative Strength shows when a stock is outperforming peers. It can be very useful when the market corrects, like we saw last week. Crisis often turns into opportunity once the dust settles. One of the biggest surprises from RS recently is the strength in Chinese names. Despite coronavirus originating on the Mainland, many of the country's big liquid stocks have...
April 2019 is coming to an end so I want to sum up the current market situation so far. From the 4 assets classes chart below... Two asset classes are approaching resistance. The currency TVC:DXY has rally last week and now is approaching the resistance. Also, AMEX:SPY is almost at its all time high and long term resistance at around 3000 (also a...
Monthly overview, we are on the middle of the range here with support at 123.8-9. Price had bounced there twice last week and is now consolidated in vague descending triangle pattern with height of 1000 points. if it breaks 123.9 we would see price go down to 122.8-123.0, if it breaks up, expect selling pressure to continue at 125.4-5 Looking at XETR:DAX...
Another daily close below 1.15 could open up big losses Dollar index (DXY) just hit big support at 95 - and is inversely correlated with EURUSD
The correlation between the Bitcoin price and the broad stock market index rises to high positives and falls to low negatives on a regular basis. Thus it seems impossible to predict the movement of BTC/USD pair based on the stock market performance.
The market continues to move based on USDCNH, which poked the DXY lower/EurUsd higher stops were triggered as the pair traded 1.1654. The next level to watch is 1.1685, beyond that we will see another wave of stop losses.
USD strength is still in play today as we approach the EUREX open. Loonie still weak on trade jitters, slightly ignoring the chop in Crude.
Good Evening Traders, I hope everybody is doing good. In this analysis, we will have a look at the SPX. We can see that the SPX is currently in a range of 2555.86 and 2684.14. However, I am expecting a break lower this week. I am expecting a hawkish FED on Wednesday in it' FOMC Statement which can be a catalyst for a move lower. With that said, I think a break...