Today we look at US tech stocks managing to pull to new all-time highs as the market continues to shake off the implications of last week's hawkish FOMC surprise. The JPY is tumbling and the Euro and dollar are also quite weak on strong risk sentiment and as the market...
Market Quick Take – June 23 2021
Equities have pulled sharply higher in the wake of fresh comments from Fed Chair Powell yesterday on his view that the inflation spike will prove transitory. This reassurance helped take some more of the sting out of the reaction to the hawkish perceived shift at the FOMC meeting last week....
Crypto weekly: Rough weather in the ocean of cryptos
The crypto market is facing a broad sell-off after China expands its crackdown on cryptocurrencies, and mining activity is at yearly lows. Elsewhere, France, Portugal and Israel are making progress within digitalised asset technology.Tough week for cryptos The crypto market has had a touch week, and at the time of...
Private equity is winning big, US economy is showing 1980s heat
Listed private equity firms are one of the big winners since the pandemic and especially this year enjoying the tailwind from low interest rates and portfolio companies coming stronger out of the pandemic. Regularly readers know we have created a lot of theme baskets that we track do understand market...
FX Update: USD move higher sticking despite volatility elsewhere.
The volatility and direction changes in long yields and equities since last Friday have failed to disturb the USD move, where consolidation in the wake of the FOMC meeting has been very shallows, The yen failed to keep pace with the greenback as long treasury yields rose sharply, even as...
USDOLLAR Daily Likely To Run Into Near-Term Exhaustion
Price has deviated from trend significantly on the daily chart since last Wednesday's Fed statement release. Trend, in this case, referring to the peaks and troughs on the daily as defined by the green trendline. However, the massive momentum acceleration over the last week has seen the gradient steepen to...
USDJPY reversing from Sell Entry | 22nd June 2021
USDJPY is reversing from Sell Entry, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension, where we could see further downside towards our Take Profit level, in line with 38.2% Fibonacci retracement and horizontal pullback support. Stochastics is also testing the resistance where price has reversed from before, showing...
Breakout Identified in GBPJPY
The Breakout Opportunities system has just bought GBPJPY at 153.688. The system recommends entering this trade at any price between 153.094 and 153.908. The signal was issued because the GBPJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.223, suggesting that the GBPJPY may have further...
Breakout Identified in EURJPY
The Breakout Opportunities system has just bought EURJPY at 131.392. The system recommends entering this trade at any price between 131.058 and 131.542. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.256, suggesting that the EURJPY may have further...
EURNZD bullish breakout | 22nd June 2021
EURNZD has shown a bullish breakout from the descending trendline resistance-turned-support and is now holding above the ascending trendline and moving average support. We could see further upside above Buy Entry, in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension, towards Take Profit, in line with 127.2% Fibonacci extension...