The Breakout Opportunities system has just sold EURJPY at 123.016. The system recommends entering this trade at any price between 122.832 and 123.126. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.712, suggesting that the EURJPY may have further...
WCU: Vaccine and weather buoy commodities
Commodity weekly taking a closer look at how politics, vaccine hopes and weather impact have impacted the recent price actionGlobal markets remain torn between the negative impact of surging coronavirus cases around the world and the prospect for vaccines being rolled out in the new year. Since the November 9...
The $10bn vaccine surprise, dangerous EV stocks, and value trap
Read about the surprise $10bn EU price tag on Covid-19 vaccines and how it will impact Pfizer's partner BioNTech, the dangers lurking in electric vehicle stocks that seem to defy logic, and finally about the value rotation that either did not happen and got paused. It has been a quiet...
FX Update: Reflation narrative struggling for air
Late yesterday, US Treasury Secretary Mnuchin announced he was pulling the plug on a number of emergency Fed facilities. The market met the news with a collective shrug, but it could prove pivotal down the road. Meanwhile, the long end of the US yield curve is generally failing to support...
Podcast: Mnuchin pulls plug on Fed, market shrugs.
Today we look at reflationary narrative and how it is holding up - or not, especially in the US treasury market, where the longest yields continue to fall. Also a look into the implications of US Treasury Secretary Mnuchin pulling the plug on emergency Fed lending programs, signs of stress...
NZDUSD is approaching support | 20 Nov 2020
Price is approaching support where we could see a bounce above this level to our take profit target. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
NZDUSD is approaching support | 20 Nov 2020
Price is approaching support where we could see a bounce above this level to our take profit target. Ichimoku cloud is showing signs of bullish pressure as well in line with our bullish bias.
Market Quick Take – November 20, 2020
Markets are rather quiet and mixed as investors scratch about for catalysts ahead of what historically is one of the strongest periods seasonally for equities from now and into year-end. US Treasury Secretary Mnuchin has moved to end key Fed facilities that helped prop up the US corporate bond market...
AUDJPY is approaching support, potential bounce
Price is approaching our first support in line with our buy entry where we could see a bounce above this level.
AUDJPY is approaching support, potential bounce
Price is approaching our first support in line with our buy entry where we could see a bounce above this level.