Today we look at the latest market action, discuss the FOMC meeting and what the market is looking for from the Fed and how sensitive it will prove if it doesn't get what it is expecting. Also, a look at long term investment themes in EM and biotech, uranium-linked equities...
Market Quick Take – December 15, 2020
The broad US equity market stumbled rather badly relative to intraday highs yesterday, although the Nasdaq 100 hung on for a slight gain yesterday, and global markets were rather mixed to indifferent on the day. Markets should remain nervous through the FOMC meeting tomorrow evening, where the Fed is expected...
Breakout Identified in AUDJPY
The Breakout Opportunities system has just sold AUDJPY at 78.282. The system recommends entering this trade at any price between 78.126 and 78.383. The signal was issued because the AUDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.236, suggesting that the AUDJPY may have further...
AUDUSD forming double top, more downside!
AUDUSD forming double top , more downside! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment...
AUDUSD forming double top, more downside!
AUDUSD forming double top, more downside! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on...
FX Update: EM focus: running out of steam?
Given the weak US dollar of late, EM currencies have naturally benefitted a great deal over the last month. The pace of gains has moderated over the last week or more ahead of the important FOMC meeting this Wednesday. The FX Update for today focuses on EM currency performance and...
Fixed income market: the week ahead
The Federal Reserve meeting, stimulus bill talks and PMI data will dictate US Treasuries' performance this week. The market is expecting the Fed to increase its purchases of long-term bonds to slow down the rise in yields. To add pressure to Treasuries could be an unsuccessful stimulus bill and worse...
Breakout Identified in EURUSD
The Breakout Opportunities system has just bought EURUSD at 1.21506. The system recommends entering this trade at any price between 1.21394 and 1.21668. The signal was issued because the EURUSD has broken its 24-hour high while our Speculative Sentiment Index was at -3.02174, suggesting that the EURUSD may have further...
Podcast: Energy sector ready to rip in 2021? FOMC preview.
Today we tease an upcoming Webinar we are hosting tomorrow discussing the prospects for the energy sector from here as this important sector may have reached a kind of absolute low in 2020 from crashing oil prices and investor neglect. We also preview this Wednesday's FOMC meeting, discuss the incredible...
COT: Speculators bet on a continued commodity rally in 2021
Positions and changes made by hedge funds across commodities, forex, bonds and stock index futures during the week to December 1.Saxo Bank publishes weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the...