Dollar Extends Pressurized Range, Stocks Attempt to Rally the Bulls, The Real Event Risk is Next Week
S&P 500, Nasdaq 100, US Dollar, Event Risk and FOMC Rate Decision Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDJPY Bullish Above 132.00 The Q4 GDP update this past session beat expectations and the Fed’s favorite inflation indicator (PCE deflator) is due for release Friday Between the progress in certain risk […]
S&P 500 Toes Technical Cliff, Dollar Has Lost Half of its Rate Era Climb, Event Risk Uneven
S&P 500, Dollar, Monetary Policy, Recession, EURUSD and USDJPY Talking Points: The Market Perspective: S&P 500 Eminis Bearish Below 3,900; USDCNH Bearish Below 7.0000; USDJPY Bullish Above 127.00 The S&P 500 posted its biggest weekly advance in 2 months to the threshold of breaking its bear trend while the Dollar posted an equivalent historical loss […]
The Difference Between Price Action Event Zones and Support & Resistance Levels » Learn To Trade The Market
Two of the primary features of any price chart that are critical components for any price action trader to thoroughly understand, are support & resistance levels and price action event zones. You are probably more familiar with “support and resistance levels” since they are one of the more basic technical analysis concepts and are pretty […]
NZD/USD bulls are tiring ahead of US CPI as the main event
NZD/USD bulls eye a test of resistance before Thursday’s CPI event that leaves the 0.6470s exposed. NZD/USD traders will be looking to the lower timeframes for signs of deceleration from the bulls that could lead to a break of 0.6200. NZD/USD is heading into the end of the North American session flat on the day so […]
S&P 500 and Dow Break Higher Despite Strong Recession Signal, Key US Event Risk Ahead
S&P 500, Dow, Volatility, Dollar, Yields, Inflation and Recession Talking Points: The Market Perspective: S&P 500 Bearish Below 3,800; USDCNH Bearish Below 7.0000 The first week of the year registered a 1.5 percent gain for the S&P 500 and -3.0 percent drop from the VIX, lining up to seasonal norms While the market’s sidled higher […]