Prices are approaching support in line with our ascending trend line where we could see a further upside above this level.
GBPUSD is facing bullish pressure | 06 May 2021
Prices are approaching support in line with our ascending trend line where we could see a further upside above this level.
Market Quick Take – May 6, 2021
The rally attempt yesterday in US equity markets failed, with the main averages closing near the lows of the day and little changed versus the previous day, while Japan and China came back on-line overnight after a three-day holiday this week, with Japan more upbeat and the latter suffering an...
USDJPY facing bullish pressure | 06 May 2021
Prices are facing bullish pressure from breaking out of the triangle squeeze and is looking to take support from retest of trendline together with horizontal pullback support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Prices might push up towards horizontal swing high resistance in line with...
USDJPY facing bullish pressure | 06 May 2021
Prices are facing bullish pressure from breaking out of the triangle squeeze and is looking to take support from retest of trendline together with horizontal pullback support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards horizontal swing high resistance in line with 161.8%...
Podcast: Market rushes to price inflation as real yields plunge
Listen to today’s podcast and have a look at today’s slide deck. Follow Saxo Market Call on your favorite podcast app: If you are not able to find the podcast on your favourite podcast app when searching for Saxo Market Call, please drop us an email at marketcall@saxobank.com...
Breakout Identified in EURJPY
The Breakout Opportunities system has just bought EURJPY at 131.371. The system recommends entering this trade at any price between 131.276 and 131.518. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.397, suggesting that the EURJPY may have further...
Inflation Watch: Inflation Debate Intensifies
Although the Fed continue to maintain that inflationary pressures will be transitory, signs that may not be the case continue to intensify. Whilst Covid-induced bottlenecks, base effects and supply chain dislocations may be transitory, beyond that residual impacts remain. Using linear CPI models from a regime characterised by secular stagnation...
China signals diplomatic rift is alive and well
China today announced the "indefinite" suspension of all activity under a China-Australia Strategic Economic Dialogue, underscoring the ongoing diplomatic rift between the two countries. Over the last year, the relationship has clearly deteriorated, and investors should expect these tensions to remain.China today announced the "indefinite" suspension of all activity under...
Inflation scares and reality hits green transformation basket
Our green transformation basket is now the worst performing basket down 9% this year. We take a look at the causes and discuss what to expect.Back in early March, we first noted that green transformation stocks were turning from gold to dust as reality hit investors. While 2020 was a...