Equities trading sideways as anticipation ahead of tonight’s FOMC grows, however overall, recent strength suggests assurance that the Fed is not set to rock the boat and surprise on the hawkish side. Soft payrolls give the Fed the cover to keep a relatively steady hand in face of mounting inflation...
Green transformation stocks are back on tidal of demand
Our green transformation basket is bouncing back from a 27% drawdown as investors got scared over rising inflation expectations and rising commodity prices, but the recent sentiment shift of lower inflation expectations and massive government incentives in the green transformation have lured investors back into green stocks. As we alluded...
USDOLLAR Showing Strength Ahead of Fed Release
FXCM's USDOLLAR index is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode and potentially align short-term traders with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increase the chance of a successful trade. Trend following indicators may be...
Footonomics by Jakobsen & Garnry #5
Footonomics by Jakobsen & Garnry is about the serious and fun differences on macro and equities between two countries playing in the UEFA EURO 2020 tournament.Match: France vs Germany Macro: Nationalelf vs. Les Bleus Germany wins on Misery Index (CPI + Unemployment + Budget deficit) with 13.8 vs. France 18.3. Very...
US10Y Direction Will Influence NAS100
The US10Y started trending up in February. This adversely affected the NAS100 as growth stocks started to feel the pinch of higher discount rates. The 10-Yr reached a high of around 1.75% at the end of March and then began to pull back (red vertical). This supported the NAS100 and...
GBPAUD facing bullish pressure |15th June 2021
Prices are facing bullish pressure from ascending trendline support in line with 50% Fibonacci retracement and 100% Fibonacci extension. Prices might push up towards horizontal pullback resistance in line with 78.6% Fibonacci retracement and 78.6% Fibonacci extension. If prices push down, prices will take support from horizontal swing low support...
GBPJPY facing bearish pressure, potential for further downside!
GBPJPY is facing bearish pressure from descending trendline resistance. Prices might push down from horizontal overlap resistance in line with 127.2% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 78.6% Fibonacci retracement as well as 100% Fibonacci extension. If prices...
XAUUSD potential for further upside beyond pivot| 15th June 202
Prices are currently hovering around pivot level in line with horizontal swing low support, 78.6% Fibonacci retracement, and 161.8% Fibonacci extension. If prices breaks through pivot, prices might push up towards horizontal swing high resistance in line with 127.2% Fibonacci extension. If prices reverse from the pivot, prices might take...
Possible trend shift in EURCHF – going long
The Tidal Shift Strategy has just bought EURCHF at 1.09047. The system recommends entering this trade at any price between 1.08978 and 1.09116. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at 2.38719, which suggests that...
NZDCHF Facing Bearish Pressure | 15 June 2021
NZDCHF holding below long-term descending trendline resistance. A short-term drop below our entry at 0.64396 and also Fibonacci confluence zone towards graphical swing low level at 0.63979 could be possible. Stochastic is testing resistance as well where the price dropped in the past. Any opinions, news, research, analyses, prices, other...