The US equity market staged a strong recovery on Friday and futures extended the rally in a strong Asian session overnight, with the Nasdaq 100 index futures trading back up within a fraction of a percent of the all-time highs. The sentiment shift is in evidence nearly everywhere, with crude...
Macro Dragon WK # 35: Does Jackson Hole = Short Gold, Short Bonds, Short CMDs & Short Equities, Long USD & Long Volatility?
Macro Dragon = Cross-Asset Quasi-Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...
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Commodities weaken on dollar, virus and China growth concerns
The commodity sector suffered broad losses this past week with China-centric commodities leading the decline on concerns about growth in the top consuming nation. In addition the continued spreading of the Delta coronavirus variant helped trigger reduced mobility across some of the world's major economies. All topped up with a...
FX Update: This time, FX is a driver of risk sentiment, not just a bystander.
Risk sentiment tried to stage a recovery yesterday, but the US dollar never really blinked, and the Japanese yen and Swiss franc are gunning for broad gains again as well, as FX appears to have become a driver of weak sentiment elsewhere now, and less of an observer. The latest...
AeroFarms goes public starting a new era of vertical farming
AeroFarms goes public as the first vertical farming company ever in history marking a new milestone for the industry. We take a look at indoor and vertical farming including the outlook and risks to investors.Update as of 23 August 2021. A press release was published on Friday announcing that the special...
XAUUSD approaching pivot, potential for a drop
Price is approaching our pivot level at 1,796.49 which is in line with -27.2% Fibonacci retracement level and 78.6% Fibonacci extension level and horizontal overlap resistance. Price could potentially drop towards support at 1,761.94, in line with 23.6% Fibonacci retracement level , 61.8% Fibonacci extension level and 50MA. Stochastic is...
Market warning: dominoes are falling
Today we look at an attempt by the US market to post a recovery yesterday after an extension of the sell-off, but how we continue to see a number of divergences within the market, as well as a backdrop in which an increasing number of key cyclical assets are not...
EURUSD Hourly Consolidates In Downtrend
EURUSD is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade (blue arrow). Trend...