Today we have a look at bond yields cooling and risk appetite stabilizing and even improving, but with a new injection of energy from the currency market, where a big US dollar breakout is on the loose as key resistance levels gave way and EURUSD pounded down to its lowest...
Market Quick Take – September 30, 2021
Equities kept a fairly even keel yesterday and overnight as the US dollar move took center stage yesterday, with a bid for the greenback taking EURUSD to its lowest levels in more than a year. This move unfolded despite US treasury yields consolidating slightly lower after their recent sharp run...
Should You Buy This Dip?
But before you do that this time, know this: Rising interest rates could lead to a risky new phase in the stock market.
Robinhood’s Dirty Tricks and How to Avoid Them
To put it simply, don’t expect to get good entry prices if you’re using Robinhood or another broker that sells your order flow data to HFTs.
Travel companies are flying higher despite risk-off
Travel companies are flying higher this month being the only equity theme basket up for the month. Investors are betting on higher growth and margin expansion as vaccines are rolled out globally.The best performing equity theme in September is our travel basket up 6.3% as of yesterday’s close with all...
The recent selloff shows that markets are not ready for tighter monetary policies
The recent selloff in US Treasuries points to changing monetary policies' expectations. The less transitory inflation is, the more aggressive central banks will need to turn, and the selloff in the bond market will continue. That's why this Friday's PCE figures remain in the spotlight.On a calmer day for financial...
XAUUSD potential for a bounce | 29thSept
Price is currently trading in a wedge . Price recently reach our buy entry price of 1739.138 which is also our Fibonacci level of 61.8%. The take profit level is at the resistance level of the wedge which has a Fibonacci extension level of 61.8%. Our bias is further supported...
NZDJPY is experiencing bullish pressure | 29 Sept
NZDUSD is approaching our target entry at 77.397 in confluence with 38.2%, 50% Fibonacci retracement and bullish trendline. Price has the potential to bounce to our take profit at 78.150 in line with 78.6% Fibonacci retracement , graphical overlay and graphical swing high. Our stop loss is placed at 77.216...
GBPJPY showing potential bearish drop| 29thSept2021
Price is trading in a possible triangle pattern . Price can potentially drop from the sell entry price to the support of the triangle and Fibonacci level of 61.8% at a price of 150.213 . Our bearish bias is further supported by the 20 EMA as price is trading under...
NZDUSD is approaching a pivot, potential for bounce! | 29 Sept
NZDUSD is approaching our target entry 0.69474 in confluence with 78.6% Fibonacci extension and 127.2% Fibonacci extension . Price has the potential to bounce to our take profit at 0.70182 in line with 61.8% Fibonacci retracement , and parallel channel . Our stop loss is placed at 0.69147 in line...