Price is approaching support where we could see a bounce above this level. Stochastic is facing bullish pressure as well.
EURUSD is approaching support | 27 Jan 2021
Price is approaching support where we could see a bounce above this level. Stochastic is facing bullish pressure as well.
Podcast: Squeeze on shorted names continues to dominate headlines on FOMC day.
Today, another look at the squeeze on the most shorted stocks as the intense GameStop squeeze continued yesterday and even after hours despite Monday's pump and dump in the stock. Elsewhere, we preview Tesla and Apple earnings, look into the US treasury and Italian BTP market, preview the FOMC meeting...
Market Quick Take – January 27, 2021
Equities were mixed yesterday in the US and overnight in Asia, the US market continues to see extreme interest in bidding up some of the most shorted stocks, while the broader market was rather flat on the session. Today is FOMC day, with the recent discussion on the timing of...
USDCHF could see more upside, inverse head and shoulder pattern
USDCHF could see more upside, inverse head and shoulder pattern
USDCHF could see more upside, inverse head and shoulder pattern
USDCHF could see more upside, inverse head and shoulder pattern
Possible trend shift in AUDJPY – going long
The Tidal Shift Strategy has just bought AUDJPY at 80.362. The system recommends entering this trade at any price between 80.239 and 80.485. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.01, which suggests that...
FX Update: A not so peaceful, uneasy feeling
Summary: FX moves were muted yesterday relative to the histrionics in US equities, but the sense of caution was palpable, with the US dollar and Japanese yen rising as volatility spiked and US treasury yields diving sharply in what looks like a bout of safe haven seeking. A PBOC check...
Historic short squeeze in US stocks and semiconductor constraints
A group of the most shorted US stocks experienced a historic short squeeze yesterday forcing a respected hedge fund into rescue mode to survive. We go through yesterday's crazy session.Yesterday was an unusual day in US stocks due to the multiple short squeezes in many of the most shorted US...
Podcast: The wheels are coming off
Today, we look at yesterday's mini flash crash in US equity markets and the activity in the retail space - and undoubtedly amplified by other sharp market operators - that is driving an enormous squeeze on the most shorted equity names, most spectacularly yesterday in GameStop. It is a dangerous...