Markets have been dreadfully negative in recent weeks but we have in recent days begun a relief rally in US stocks and most FX pairs. AUD has led higher after new election and new China friendlier party in charge. On that note china made first high level contact in 2 years. We like AUD to rally with stocks and sentiment alone but the kicker would be if US drops...
Gold Breakout looking coming soon, Besides today nfp
The S&P 500 is coming under pressure as we enter May. The old adage “sell in May and go away,” worked last year, but this month has mostly been positive since 2013. There are obviously much bigger issues now than typical seasonality, especially after April’s huge bounce. The bulls have priced in significant recovery for the market, which creates the risk of...
Oil looking like itll be forming a falling wedge at this point. I expect this to sweep lows before continuing uptrend
Last month, I posted an article here on TradingView in which I mentioned three indicators that 2020 might be a banner year for stocks. We had had a strong Santa Claus rally and a strong "first five days" of the year, I pointed out, and unless there was a major end-of-month correction, we were on course to have a strong January. All three of those indicators are...
News of the pending approval of the USMCA trade deal has been somewhat eclipsed by news of the signing of the Phase 1 China trade deal. However, the reality is that the USMCA deal has larger implications than the China deal, since we do a lot more trade with Canda and Mexico than with China. One sector affected by the deal is the U.S. steel industry, because the...
Tractor maker Deere might be setting up for a breakout as the U.S. and China move toward a trade deal. DE has been consolidating in an extremely tight range for the last four weeks. It's pressed against near-term resistance around $177. Meanwhile the 50-day simple moving average (SMA) has squeezed up from below as support. The company's backward-looking...
Technically bullish - currently overbought, AUD/USD should make a break above 0.70000 price level after some slight consolidation/ pullback. US-China Trade developments will continue to take the spotlight for AUD pairs in 2020; With Phase 1 Deal to be signed sometime in January, (which includes Tariff reductions) AU bulls should temporarily take control..and...
China announced they will be lowering tariffs on a number of items come January 1st, making markets looking more festive ahead of Christmas! Aussie and Kiwi took the headlines with a positive tone, however, Cable kept entering lower territories on the back on post-election no-deal fears! Will the Santa rally continue? Have a look at our Elliott Wave analysis...
To offset the additional tariffs the CNY would have to depreciate - although the Chinese authorities have said that they won't pursue quantitative easing. If there is a formal announcement to suspend or delay the tariffs, the market would expect a more positive risk reaction and that is currently being priced in. WIth the USDCNY trading around the 6.90 and below...
Technical MAT broke and sustained its 200sma resistance a couple of days ago. Todays candle above the trend (pink trend line) are confirmation MAT longer downtrend might be over. Fundamental / News December 15th tariffs were removed, easing pressures for them. However, 25% tariffs will remain on $250 billion Chinese imports and 7.5% will be put...
Today the market surged higher despite the worst jobless claims data since September 2017 and also despite reports that Trump has no intention of delaying the December 15 tariff deadline. Investors apparently are betting that an eleventh-hour deal will get made before Sunday, but personally I'm not willing to gamble on that. If the US does impose $150 billion of...
Industrial stocks have come to life since early October as investors look for the economy to recover from the U.S. – China trade war. Now one of the biggest and most liquid names in the entire sector is rebounding from a pullback, and a classic bull-flag continuation pattern may be taking shape. General Electric reported a potentially transformative quarter on...
What was President Macron thinking about designing a tax for tech companies... A quick reminder, it will be separated in two categories — marketplace (Amazon’s marketplace, Uber, Airbnb…) and advertising (Facebook, Google, Criteo…). Despite the fact it wasnt planned specifically for American companies, the vast majority of big tech companies that operate in France...
In today’s marketinsights video recording, I talk about SPX and DXY . SPX takes a breather from all-time highs offering some pocket-relief to short-term bulls, however, with weekend trade headline news the rally could continue higher. The US index looks bid too despite the medium-term bearishness as the economy performs incredibly well, supporting the dollar....
The heavily correlated DXY and EURUSD are trading in the complete opposite direction. This doesn't give enough reason to see why the trend would continue, but we do have a lot of bull-ish momentum as price continues to trade in a channel toward the upside. I'm looking to see The Dollar break resistance levels, and push higher.
In today's #marketinsights video recording I analyse #GBPUSD and #AUDUSD Pound Lower on: - Highly complex proposal for a double customs system - Nothing substantial or "workable" submitted to EU Aussie Lower on: - Tradewar shift, again, as tariffs part of the limited deal - Phase one not documented, China needs confirmations Stavros Tousios Head of Investment...