Bears eye a run to 1.2170, but watch out for the trap
GBP/USD bulls face the task of getting back over the line ahead of the NFP. Bears are taking on a key layer of support with eyes to 1.2170. GBP/USD is on the defensive following a recent break of daily structure that led to a colossal sell-off in the London and New York equities opening hours. […]
Dollar and VIX Slump After Fed Hike, Watch EURUSD and Doubt Trends
FOMC Rate Decision, Nasdaq 100, VIX, US Dollar and EURUSD Talking Points: The Market Perspective: USDJPY Bullish Above 132.00 The FOMC rate decision ended as expected with a 25bp hike to a range of 4.50-4.75 percent, but the reiterated warnings of further hikes ahead didn’t sway the markets A Dollar tumble seems caught up in […]
The automotive battle to watch isn’t Tesla; it’s China vs the world
China is certainly seen as the manufacturing hub of the world but there’s one area of global production that’s largely untouched and it’s the biggest one: Automotive. There aren’t many countries where you would see an Chinese built or designed vehicle on the roads but that may soon change, and it could be far more […]
It’s been a choppy week for the dollar, what are the key levels to watch?
If I were to describe it, I’d say that the dollar is on the brink still and that while there are some technical levels being stretched, they aren’t being broken as we look towards the central bank bonanza next week. But even before the end of the week and month-end trading early next week, it […]
Done with the Nasdaq bear market for good? Watch this strong technical hint.
In technical analysis, a weekly timeframe refers to the use of weekly candle charts to examine the price activity of a securities or market. A weekly chart depicts a security’s price movement over a one-week period, with each candle indicating one week of trading activity. The candle features a body that shows the week’s starting […]
Themes to Watch Out for in the Coming Earnings Season
Today is the unofficial start of the fourth quarter earnings season. Over the next month and a half, virtually all the listed companies in the world will issue their latest earnings reports. Not surprisingly, the markets tend to get quite a bit more volatile during this period. And not just the stock market, because the […]