Price is facing bearish pressure and we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well.
GBPUSD is facing bearish pressure | 15 Jan 2021
Price is facing bearish pressure and we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well.
Podcast: Markets rolling over despite $1.9trn stimulus plan and dovish Powell
Today, we look at markets rolling over across all asset classes despite Biden's $1.9trn stimulus plan and a dovish Fed chair Powell saying interest rates will not be hiked anytime soon unless something dramatic happens to interest rates. Markets are questioning whether large parts of the stimulus plan can get...
Breakout Identified in AUDJPY
The Breakout Opportunities system has just sold AUDJPY at 80.388. The system recommends entering this trade at any price between 80.246 and 80.5. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.224, suggesting that the AUDJPY may have further...
Market Quick Take – January 15, 2021
Stock markets retreated in Asia on Friday along with yields, while the dollar climbed on worries that President-elect Joe Biden's could face stiff resistance in Congress over his $1.9 trillion Covid-19 relief plan. Breakeven yields and gold both climbed after Fed chair Powell said policy makers won't raise interest rates...
USDCHF hit resistance, good level to short from !
USDCHF hit resistance, good level to short from !
USDCHF hit resistance, good level to short from !
USDCHF hit resistance, good level to short from !
The equity ‘Misery Index’ is still miserable, Delta Air Lines revenue surprise
The equity 'Misery Index' introduced back October consisting of the hardest hit industries is still down 13% since late 2019 despite rising growth expectations. We take a look at the index and also discuss Delta Air Lines earnings reported today showing positive signs and an upbeat sentiment for 2021.Back in...
FX Update: USD shrugs off Fed dovishness, EUR wilts
The Fed delivered about all it could in countering recent taper talk and Biden is set to outline a larger than expected stimulus plan later today, and yet the US dollar has largely firmed, especially against the euro, which has stumbled a bit here on new drama in Italian politics....
Podcast: Pondering the post-Covid potential.
Today, we look at Biden's possible large stimulus plans, where the Fed can make a policy mistake once we get post-Covid vaccine and how the market is already second guessing the Fed's forecasts on the timing of the first hike, whether the market is under-estimating the potential for a stock...