Price broke out of the ascending trendline resistance, signifying a bullish momentum. We can expect price to bounce from pivot level in line with 61.8% Fibonacci projection towards take profit level in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Our bullish bias is further supported by the...
Travel is back, PayPal disappoints, Cannabis gains on Republican bill
In today's equity update we look at travel stocks gaining this month on better than expected earnings. PayPal reported a weaker than expected guidance confirming the latest rout in its share price. Lastly, Cannabis stocks were soaring yesterday on Republican bill.Travel overall is doing better than feared in Q3 Expedia...
GBPUSD potential for dip | 9th Nov
Price is near take sell entry level of 1.35797 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection level. Price can potentially dip from this level to the take profit level of 1.34415 which is also 61.8% Fibonacci retracement and 100% Fibonacci projection . Our bearish bias is supported...
We have a new market conundrum on our hands
Today we look at US market internals and the sector performances that stand out as the broader market has lost some momentum over the last couple of days. We also discuss the conundrum and lack of coherence across markets as inflation concerns rage while nominal yields at the long end...
Market Quick Take – November 9, 2021
Equity markets continue to show signs of slowing momentum as a feeble rally attempt led nowhere in the US yesterday and sentiment in Asia was muted to even poor in the case of Japan as the yen has rallied sharply this week. Crypto traders, however, celebrated a new surge in...
Unusual Options Activity: $4.5 Million in Overnight Profits
Someone with a hunch plowing into the perfect trade before a huge announcement.But time and time again, we see some unusual options activity that foreshadows a massive move.Like last week…You see, last week I spotted heavy call options volume on Bed Bath Beyond (BBBY).
Chart of the Week : Global central bank liquidity
Our 'Macro Chartmania' series collects Macrobond data and focuses on a single chart chosen for its relevance. This week, we look at the evolution of liquidity injections by global central banks.Click here to download this week's full edition of Macro Chartmania. At Saxo Bank, we believe that in the era of...
Fixed income market the week ahead
This week's US inflation numbers might do little to disrupt markets following the deep rally of last week. Yet, demand at this week's 3-, 10- and 30-year US Treasury auctions will be critical to understanding whether investors' appetite remains intact despite lower yields. In Europe, the Eurozone Sentix and German...
Crypto Weekly: Regulation, banks, and mayors seek attention
The crypto market has undoubtedly been the subject of growing attention the past year, which has arguably placed the industry in the eyes of regulators, banks, and surprisingly US mayors.Biden administration urges regulation on stablecoins For some time, we have discussed potential stablecoin regulation, and the impact it could have...
EURUSD is on a bearish momentum! 8th Nov 2021
Prices abiding to a bearish trendline and are on a bearish momentum. We see a potential short from our Pivot entry at 1.15895 in line with 61.8% Fibonacci extension and 38.2% Fibonacci retracement towards our Take Profit at 1.14224 which is an area of Fibonacci confluences. Technical indicators are showing...