Market Quick Take – August 28, 2020

Markets reacted in choppy fashion to the Fed Chair Powell speech delivered yesterday, as Powell rather under-delivered on specifics with the new flexible average inflation targeting regime, but markets were rather quick to right themselves, save for long US treasuries, where yields remained higher into this morning. What is our...

NZDUSD appears overbought

Signal ID: 73077 Time Issued: Thursday, 27 August 2020 01:00:15 GMT Status: open Entry: 0.66248 - 0.66518 Limit: N/A Stop Loss: 0.66923 The Congestion Opportunities Strategy has just sold NZDUSD at 0.66383. The system recommends entering this trade at any price between 0.66248 and 0.66518. The signal was issued because...

Breakout Identified in USDCHF

Signal ID: 73081 Time Issued: Thursday, 27 August 2020 07:48:16 GMT Status: open Entry: 0.90566 - 0.90822 Limit: 0.90158 Stop Loss: 0.91181 The Breakout Opportunities system has just sold USDCHF at 0.90702. The system recommends entering this trade at any price between 0.90566 and 0.90822. The signal was issued because...

Podcast: Houston, we have a bubble

Yesterday's acceleration in the US megacap stocks on top of an already torrid rally underlined the thesis that we have entered into bubble territory there. Today's Powell speech is possibly important for the narrative driving this historic market. Elsewhere a look at the reaction potential of other markets over the...