On Friday the US indices closed mixed with the Dow Jones up +0.56%, and Nasdaq and S&P500 up -2.05% and -0.88% respectively. This is a result of their lower exposure to BigTech, the dangers of inflation on the dollar and US consumer price data their favorite inflation indicator. This week we have as key data releases from the Tech sector that will emerge this week...
- The market has been trading above a bullish trendline since October 2023 ; The long-term trend was therefor bullish.
- At the end of March 2024, the market registered a bearish break-out of its long-term trendline, invalidating the bullish trend.
This situation took place as prices failed to register a new market high above 1.7342, before registering a new...
We have had a week full of negative news that has forced the FTSE100 index (Ticker AT: UK100) to cut its price from Monday to the Asian open by -3.70% and now at the European open it has rebounded by 1.36%. A possible military escalation between Iran and Israel has put the spotlight on the alert warnings in all markets and the Asian market experienced with a...
This morning we continue with Eurogroup meetings and comments from the German Bundesbank President and in the afternoon the monetary policy meetings (IRFMP) held in Washington D.C. will be held along with statements from the FED Chairman in Philadelphia and local manufacturing index data, along with US unemployment rates. This data is high impact, along with US...
- The market has been trading above a bullish trendline since mid-March ; The mid-term trend was then bullish
- More recently, the increased appetite for the US Dollar has started to put pressure on a wide range of commodities, including Cocoa.
Since the impact on 11,212, the control of the market has been taken over by sellers, leading prices back to their first...
Gold and other commodities hit record highs on Friday, with gold reaching $2,431.40 mid-session before falling -4.40% by the close of trading. On Monday it remained in an average zone already marked in previous weeks since 8 April. But in Monday's trading day the Middle East conflicts have boosted commodities again with bonds, oil and metals the biggest gainers...
- The market has been consolidating above a bullish trendline from mid-February to mid-March, the mid-term trend was then neutral.
- On the last trading session of last week (12th of April), bear traders took control of the market, leading prices to a bearish break-out of their trendline.
This break-out has even been confirmed shortly after with a pull-back on...
This afternoon US releases are expected to affect the US indices in particular the Dow Jones (Ticker AT: USAIND) retail sales, also fuel and auto sector, and the NY Empire State manufacturing index from the Federal Reserve which compiles a survey of the top 200 executives of the top companies in the sector. A change in this index can indicate the pulse of exports,...
- The market has been trading inside a bearish channel since the beginning of April ; the short-term trend is then bearish.
- This bearish short-term trend took place after short-sellers took control of the market following a new record high above 18,600pts.
Indeed, the prospect of a "higher for longer" narrative regarding monetary policies made the current high...
Metals this month have seen a meteoric rise of 5.78% since April 2 when gold's long-term range broke to the upside and has continued to do so throughout the fortnight. Since the Asian opening, gold has experienced a 0.92% growth. As we have said, gold, silver, copper and platinum have experienced a quite pronounced growth in their upward demand. The trade war...
- The market has been trading inside a bullish channel since November 2024 ; The long-term trend was then bullish.
- More recently, the latest batch of solid macro data underlying the resiliency of the US Economy, and with the latest CPI report topping expectations, investors have scaled back their hopes of a quick dovish switch from the FED.
This led to a...
The market has opened today Thursday with a restrained opening dominated by the mood that may be caused by ECB President Lagarde today at noon, in its monetary policy with the aim of cutting interest rates. Interest rates are likely to remain on hold until the summer where both the Fed and the ECB will continue to make a measured monetary policy move, as the ECB...
- The market has been trading above a bullish trendline since mid-March. The mid-term trend is then bullish
- Since the impact below and a new 9-years high at 100.812, the market registered a sharp pull-back, with an acceleration brought by today's disappointing US CPI report.
This correction happened following a bearish divergence between the market and the MACD...
Important U.S. manufacturing and inflation data for the month of March will be released this afternoon. On the sidelines, the American Bank Lenders Association (MBA) loan purchase index will be released to provide additional insight into the impact of household debt. The afternoon will close with U.S. crude oil stockpiles and end the afternoon with Chicago Fed...
- The market has been trading inside a bullish channel since the end of February ; the mid-term bullish.
- The bounce back over the 0.5915 zone has recently ended the very short-term corrective move. Since then, the market registered a bullish acceleration towards its last top at 0.5989.
Both moving averages remains bullish, but the MACD indicator shows a...
The euro against the yen this week will face impactful news that could generate movements in this currency cross. In addition to bonds and ECB releases, there will be trade balance and inflation news from several euro zone countries. Regarding Japan, although it does not seem important this week, the Ministry of Health, Employment and Welfare releases begin this...
European assets started in positive territory on Monday, led by the German DAX (Ticker AT: GER40), following positive production data from the eurozone's strongest economy at the end of last week. The start of the week is not going to stop this trend despite the fact that the imports vs. exports data reflect a negative trade balance, with lower than expected...
This afternoon, US and Canadian markets face important data that could move the needles in a bearish direction for the greenback. Unemployment, non-farm payrolls and US government wages figures are particularly prominent, against expectations of improving Canadian employability in the face of a bearish outlook in the US. This could drive a strong revaluation of...
