Equities are lower today on negative surprises from Apple and Amazon driven by supply constraints and inflation pressures. Facebook also announced a massive shake-up of the company including shifting its name to Meta.Earnings per share growth q/q turned negative for Nasdaq 100 and even more negative for MSCI World after...
Market challenges ECB. Facebook is now Meta. Huge week ahead for US.
Today we look at the market thumbing its nose at the ECB meeting and front-running eventual rate hike guidance despite Lagarde's protests, the loud silence from the RBA as the market challenges its yield curve control policy, weak results from Apple and especially Amazon, Facebooking going Meta, the latest on...
Market Quick Take – October 29, 2021
The market thumbed its nose at the nominally dovish ECB meeting as rate hike expectations for next year soared to new highs for the cycle despite protestations from ECB President Lagarde that the market was wrong to price rate hikes and that inflation would fall back next year. Elsewhere, weak...
Gravestone Doji’s in US Indices
A technical top and reversal pattern has formed in S&P 500 and Nasdaq 100 During Tuesday's trading session S&P500 formed a Gravestone Doji. (Market opened and closed in almost same price at the low end of the candle with a tall upper shadow i.e. Buyers tried pushing market higher from...
Margin squeeze, EV battle, and energy capex drought
The earnings season is showing investors that profit margins have peaked, that Volkswagen is losing momentum, and that capex is still lacking in energy. With 40% of the S&P 500 companies having reported Q3 earnings we now have a good picture of the corporate sector in Q3. Revenue is up...
USDCAD is at a Pivot, potential for bounce! | 28th Oct 2021
Price is consolidating in a daily triangle. Prices may bounce from our Pivot at 1.23081 towards our Take Profit at 1.25066 which is an area of Fibonacci confluences. Technical indicators are showing bullish momentum. Alternatively, our stop loss is placed at 1.22486 which is in line with 161.8% Fibonacci extension...
NZDCAD bearish continuation | 28th Oct 2021
Price is abiding to the descending trendline, signifying a bearish momentum. We can expect price to drop from the pivot level in line with 78.6% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement . Our bearish bias is further supported by the RSI indicator where...
GBPUSD potential for reversal | 28th Oct
Price has recently broken out of the ascending trend line and is near the sell entry price of 1.37896 which is also 61.8% Fibonacci projection and 61.8% Fibonacci retracement . Price can the potentially dip to the first support level of 1.36468 which is also 50% Fibonacci retracement . Our...
EURCHF downtrend continuation | 28th Oct
Signal ID: 78027 Time Issued: Thursday, 28 October 2021 01:00:16 GMT Status: open Entry: 1.06361 - 1.06601 Limit: N/A Stop Loss: 1.06961 The Tidal Shift Strategy has just sold EURCHF at 1.06481. The system recommends entering this trade at any price between 1.06361 and 1.06601. The signal was issued because...
USDCHF potential for bounce! | 28th Oct 2021
Price is consolidating in a daily triangle. We see a potential entry at 0.91636 in line with 78.6% Fibonacci retracement towards our Take Profit at 0.92166 in line with 38.6%, 78.6% and 61.8% Fibonacci retracement . Technical indicators are showing bullish momentum. Any opinions, news, research, analyses, prices, other information,...