EURUSD is approaching horizontal swing low support in line with 127.2% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci retracement and 78.6% Fibonacci 61.8%extension. If prices continue to push downwards, prices might bounce from 161.8% Fibonacci retracement and...
GBPUSD bouncing from support | 8th July 2021
GBPUSD is bouncing from Buy Entry, in line with 78.6% Fibonacci retracement , 61.8% Fibonacci extension and horizontal overlap support. We could see further upside from here towards Take Profit level, in line with 100% Fibonacci extension and horizontal swing high resistance. RSI is also approaching ascending trendline support. Any...
Breakout Identified in AUDJPY
The Breakout Opportunities system has just sold AUDJPY at 82.468. The system recommends entering this trade at any price between 82.324 and 82.685. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.228, suggesting that the AUDJPY may have further...
EURNZD approaching trendline resistance, potential for drop
Price is approaching resistance at 1.69097 where we may potentially see price push down towards 61.8% and 78.6% Fibonacci Extension . If price continue to bounce from the pivot , we would see It swing towards 78.6% Fibonacci Retracement and 100% Fibonacci Extension Any opinions, news, research, analyses, prices, other...
Value vs Growth, earnings season, and Robinhood IPO
Growth stocks have reached dot-com valuation premium levels against value stocks and the Q2 earnings season is knocking on the door, while investors are waiting for the Robinhood IPO.This will be second last equity update before a three-week vacation aimed to recharge the batteries. Today’s first subject is the classic...
Podcast: How low can US yields go as China steps up stimulus?
US equities post another new record yesterday with the second straight session of most of theme baskets declining suggesting that gains were driven by the "boring" stocks. FOMC Minutes suggested yesterday that the Fed is considering earlier tapering of bond purchases and China's State Council is considering lowering rates to...
Market Quick Take – July 8 2021
U.S. stocks trade softer after seeing both the S&P 500 and Nasdaq 100 close at all-time highs yesterday after the FOMC minutes showed policymakers continued to see elevated uncertainty while also discussing the tapering of debt purchases used as fuel to stimulate the economy. The dollar trades mixed while Ten-year...
Podcast: US yields drop on oil plunge fueling Nasdaq 100 to new all-time high
A 5% top to bottom plunge in oil prices yesterday took more steam out of the inflation trade sending the US 10-year yield down to February levels. The move caused Russell 2000 to decline and fueled a rally in Nasdaq 100 to a new all-time high. In equities, the big...
Market Quick Take – July 7 2021
Asian stocks traded mixed overnight after the S&P 500 failed to reach another closing record high while Amazon pushed the Nasdaq higher. Treasuries holding onto yesterday's advance which saw yields drop to February lows on concerns about the strength of the economic recovery, fast spreading virus variants and China's scrutiny...
YOUR Crypto Flash Trader and More Q&A
Ian and the whole superstar team are celebrating the launch of Crypto Flash Trader!