Quick Take
There has been a major reset in the number of trending markets in the higher timeframes (4h and daily) as a result of the strength off its suppressed levels in the USD and the CAD. Stocks did well overnight with the tech heavy Nasdaq 100 index making fresh record highs.
Quick Take
What stands out in the last 24h is definitely the major breakout in the Gold market after printing a fresh record high above $2,000.00. As such, this market makes it once again into the list of tradable assets where we find full congruence if the higher timeframes.
Resumption In The US Dollar Downtrend
Quick Take
With the USD fragility kicking back in, we’ve once again transitioned into an environment granting us permission to expand the watch list as new instruments qualify to be traded at a discounting region.
Quick Take
In financial markets, the story of the day is the collapse from its lofty levels in the metals complex with Silver suffering the sharpest fall since Oct ’08 while Gold saw its worst day in over 8 years. Currencies wise, the Canadian Dollar was the stand out performer, followed miles away by the US Dollar…
Quick Take
Exploitable trends continue to emerge off a rejuvenated Canadian Dollar, by far the best performing currency this week after an impressive acceleration in the buy-side pressure. On the flip side, the Japanese Yen remains the weakest link and a tradable short, not aided by the return of risk appetite as the S&P 500 flirts with all-time highs.
Quick Take
In we were to think of the process I conduct on a daily basis to identify trending markets as a wave, you’ll be glad to know that we are right at crest of it, in other words, we are near or at what usually is the maximum number of instruments simultaneously trending.
Quick Take
There has been a reset in the majority of forex trends as one of the top performing currency in the last few weeks (Canadian Dollar) deflates its momentum while the likes of the Japanese Yen corrects higher. This leaves the Kiwi as the main currency to still consider short exposure.
Quick Take
It’s been a rather slow start of the week with the US Dollar once again on the back-foot against its main peers, which is good news for swing treading opportunities as it has led to a permute by which some of the lost trends in USD-centric instruments are now retrieved.
Quick Take
It’s all about the broad-based USD weakness as the currency resumes its underlying bearish trend. The selling of the USD was also spurred by the ongoing rise in US stocks where the S&P 500, after the 34% COVID19-led decline, made a new all time high.
Quick Take
The US Dollar debacle, one that’s become all too familiar, stays the course as the dust settles in the aftermath of the Jackson Hole’s Symposium where Chairman Powell laid out the grand strategy of a Fed firmly committed to stick to its ultra-loose monetary policy even in the scenario where the labor market returns back to full employment.
Quick Take
The month of August can now be stared from the rear mirror as we welcome what’s typically a volatile period ahead. In terms of trends, the markets continues to offer plenty of opportunities to engage in intraday swing trading activity as illustrated by today’s watchlist where over 20 instruments are still meeting the criteria to be tradable.
Quick Take
The latest currency flows leaves us phenomenal conditions to engage in trend trading opportunities in a large number of instruments where both the 4h and the daily directional premise is in concordance. The Aussie, Kiwi and Pound make up most of the buy-side campaigns currently active alongside an equity space still ballooning.
Quick Take
Despite the follow-through demand in US stocks, the USD found further short-covering to track closely the two best performing currencies on Wednesday, which include the Kiwi and Loonie. On the flip side, the Aussie and the Euro were the worst performers.
Quick Take
The saying ‘up the stairs and down the elevator’ certainly applies to the action seen in the US stock market in the last session as seemingly out of nowhere what looked like a slow grind lower evolved into a monster move that led to a slump to the tune of 5% in the Nasdaq, while the S&P 500 and the Dow Jones followed suite with similar declines.
Quick Take
On the back of a surprising drop in the US unemployment rate, which is definitely what stood out from an otherwise in-line US jobs report, equities and forex went for a wild ride with some pronounced V-shaped type movements that make the technicals reads challenging.
Quick Take
As one could have anticipated, it was a quiet affair in financial markets on Monday due to the long weekend in the US and Canada. The news flow was probably as light as it gets and that was reflected in the tepid price action that formed.
Quick Take
The current dynamics in financial markets are characterized by risk aversion amid the ongoing and acute imbalance of sell-side flows in equities, commodities and currencies-linked to risk.
Quick Take
There has been a significant rebound in risk sentiment with equities once again surging. The tech heavy Nasdaq index rose by 2.7%, the S&P 500 did so over 2% and this gloomier vibes were also seen in European stocks ahead of today’s ECB policy meeting.
Quick Take
The big story of the day, aside from the ECB policy meeting, which ignited punchy movements in the Euro, was the continuous hammering of the British Pound. The US equity space, after a promising start, ended up succumbing once again, which in turn assisted the likes of the Swissy, Yen and USD to be bought up.
Quick Take
We kick off the week with several stories that should be left and center to start the week. What initially jumps out, without a doubt, is the sharp losses experienced by the British Pound in the last week or so as the markets prices in aggressively the scenario of a no deal Brexit.