Major Indexes were mixed heading into the weekend with Asian and European markets ending with gains while the US moved lower. US bond yields spiked higher and the USD found buyers to pressure up off support as the focus remains in 'sticky inflation' and more rate rises to come in the US. US earnings is under way with big banks finding buyers as they benefit from...
Major Indexes were mixed to start the new week in Europe and the US. The DAX was down while the UK100 was higher while over in the US the DOW was buoyed by a strong energy sector and the Nasdaq ended lower. We may see the markets drift in the coming sessions as they await the key US employment release and further direction for inflation and interest rates. The USD...
European markets bounced back to finish higher and provide a stronger start to the US session. The US was mixed with the DOW higher while Tech was lower as traders now re-focus on inflation and higher interest rates. This can be seen through support into the USD and higher US Bond yields. As the banking crisis takes a backseat in the news, I expect traders will...
A review of the price action from the European session and the US session. European markets were hammered lower on the back of concerns for Credit Suisse and the broader banking sector. The DAX and UK100 were hit hard while the key US indexes held up well considering the fear in Europe. I expect that there may be some catchup from the US if things get worse and...
A review of the price action from the European session and the US session. Major indexes again took a big hit lower in a risk off move ahead of the Key US data release on employment. Investors feel it is hard to take up the slack of higher prices when labour market is at capacity and the consumer becomes more reluctant to spend. Inflation and rate rise...
A review of the price action from the European session and the US session. Major indexes were generally range bound to mildly higher. Inflation and rate rise expectations kept the major indexes under pressure with the focus now on the major US employment data release. The USD held onto the recent gains while US bonds held onto the recent lows. I remain of the...
A review of the price action from the European session and US sessions which gave us some choppy price action but generally bullish from a weak open both in Europe and the US. To me, markets remain under pressure but bulls continue to provide support on pullbacks. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move...
In the short-run, ASX 200 may continue drifting lower, while trading within a falling wedge pattern. Although this pattern tends to be a bullish indication, as long as the boundaries of that barrier are respected, the slide may continue. But, don't forget that... Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading...
A look at the price action from the European and US sessions and what that may mean for the Asian session open after some stronger than expected US CPI data showing 'sticky inflation'. I look at some key levels to watch and the price action setups I expect to play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
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Happy Monday. Thanks for tuning in. Today we’re looking at the ASX200 as a few things point to buyer control. Since last Friday, we continue to watch the new fast uptrend remain in play. Buyers are also starting to break out of a wedge pattern, but we want to see if price can get back up to and break 6715. A move up to and break of that level could start to tell...
In this update we review the recent price action in the ASX200 and identify the next high probability trading opportunity and price objectives to target
The Morning Jumpstart Weekly Review 20/06/22...key levels to watch on major markets for the coming week!! Cryptocurrencies remain under pressure and I expect that things will get worse before they potentially get better as we see cracks appearing in the underlying fundamentals of the asset class. Solana is taking an unprecedented step of freezing a large account...
The US gave back a stronger open to fade lower into the close. Again the fight is between economic data and higher inflation and whether the strength in the US economy can continue and absorb high inflation and the inevitable rate hikes. Any economic data releases that fail to meet expectations will see the share market unwind risk and head lower. US key...
Share markets bounced back as the European and US markets brush aside higher inflation and rate rises. Markets are only in correction mode and have not built a longer term base so I expect a grind up prior to another bout of selling pressure to come in to the action. The Fed does nit seem as intent on containing inflation as first thought as we see the USD...
Review of the key levels in the major markets as global markets continue to bounce and find more buyers. Powell was concerned for the high inflation levels and hinted at being more aggressive if needed sending bond yields higher. Traders focused on the stronger than expected economic numbers and the resilience of the US consumer. USD fell away from highs as safe...
Review of the key levels in the major markets as the US bounces back Friday following of from a strong Asian and European session. Bargain hunters taking the opportunity to buy in an extended market so the questions is whether this bounce can gather momentum higher. The general trend for major Indexes remains down with the USD, Inflation and Interest Rate Rises...
Review of the key levels in the major markets as the US continues to edge lower. CPI release spooked the market and saw the DOW futures dump 500 points ahead of the stock market open. Prices did bounce back into the open...in a strange sign of strength...before dumping again into the close. This created a fear based market as traders focus on inflation and a more...