This is the SPX on the weekly timeframe:
It has been printing higher lows since October 2022.
It has been going up and it is pushing/challenging resistance.
This week closes green with a long lower wick.
The RSI is really strong.
More than 7 months of consolidation.
The next target is set at 4,237 on the daily timeframe or the August 2022...
PacWest Bancorp sinks 56% in after hours following news the bank is exploring a sale but Powell said the US banking sector is strong!
PacWest Bank, confirmed Thursday that it is exploring “all strategic options” after its share price was cut in half in after-hours trading following a Bloomberg report that it was considering a sale.
“Exploring strategic options” is...
Tried to analyse PACW stock price as per Fib ratio and daily average price levels. Expecting $5.34 as opening price on Monday, new fall is also expected as price seems to be at the golden level and can fall below $2. This will be the 4th crash after SVB or signature banks, etc. Friday price took a reversal but seems there's lot of pressure on the sell side, also...
The Japanese yen continues to show strong volatility, which started on Friday. In the North American session, USD/JPY is trading at 135.14, down 1.04% on the day.
The Federal Reserve will announce its rate decision later today, and the markets are confident that the Fed will raise rates by 25 basis points, which would bring the benchmark rate to 5.25%. The...
Australia posted a blowout employment report today, giving the Australian dollar a strong boost. The economy created 53,000 new jobs in March, after a downwardly revised 63,600 a month earlier. This crushed the estimate of 20,000 and especially impressed as full-time employment increased by 72,000 (part-time decreased by 19,200). Unemployment was unchanged at...
The bank deposit outflow started since the Fed tightening cycle from March last year until now but got triggered more after the banking crisis a couple of weeks ago. Most of the deposit outflow ended up in the Money market fund assets, of which 80% are US T-bills, cash, or repos collateralized by government securities. This flee-to-safety trend triggered a buy in...
1. Any more bank failure?
Bank crisis stabilized after UBS takeover Credit Suisse and First Republic Bank had been injected deposit to restore confidence. We can’t rule out any bank failure in Q2, especially the collapse of Lehman Brother was after the rescue of Bear Stearns. Having said that, the material different between now and the global financial crisis is...
The British pound is trading quietly on Monday. In the European session, GBP/USD is trading at 122.49, up 0.15%. The pound has looked sharp of late, and last it touched a high of 1.2343, its highest level since late January.
In the UK, there are no tier-1 releases this week, but that doesn't mean it will be a quiet week for the pound. Investors will be listening...
DESCRIPTION: The chart above shows a relationship between KBE & SPX which is important for the current ongoing banking issues. KBE is a BANK ETF that reflects the overall performance of the banking sector in the United States. At the moment there is a major discrepancy between KBE & SPX value. Normally there is a consistent relationship between the banking sector...
Hey Traders, in today's trading session we are monitoring XAUUSD for a buying opportunity around 1955 zone.
fundamentally the market is expecting Fed to pivot in the next Quarter which is considered as bullish for Gold and Stocks in the long term. and considering also the Balance sheet that got more liquidity injected. we can also mention that the market is...
Hey guys can see the moves made by dow jones from 13 march....each leg looking a 3 wave structure....
In my view it is in 4th wave of lower time frame and would show you much deeper levels...
This is not a trade idea but for educational purpose....
abcde patter in formation...!
Regards
Bitcoin will take 2017 with storm. The fundamentals is definitely there, and we have a perfect cup & handle in the making. Final Target - 11,000 CNY.
Fundamentals:
Europe
Big political and economic uncertantity in Europe after events like Brexit and the Italian referendum. There's a populist anti-establishment wave going on in Europe and that's really bad...
