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Key Levels and US Market Review for the Asian session open 31/03Major Indexes continue to move higher with the US supported by tech stocks into the notoriously bullish end of month/quarter 'window dressing'. We have some key economic data out ahead of the US open which will give a further indication on inflation and what we could look forward to from the coming FOMC. Share markets have been strong although the Bond markets continue to point to sticky inflation as bond yields press higher. I expect that the major Indexes will hold onto gains into the weekend and then see a selloff early next week but much will depend on the US data release. Asian markets are expected to open higher with the ASX set to open up 40pts while both the Hang Seng and Nikkei are expected to open up 200pts and continue with recent strength. 'I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will need to see hard evidence that inflation is coming under control first'. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 30/03European markets rallied from the open which led to a strong open to the USD and a very bullish session. All indexes were up as stock traders went bargain hunting as they brush aside banking woes. For me inflation still needs to cool a lot further before bulls can take control and US consumers are not in a good way which may eventually weigh on markets again. Bond yields are also hinting at inflation concerns as they go higher while the USD is showing signs of basing for a leg up. The US was generally supported by a handful of big Tech stocks and banking shares. Asian markets are expected to open higher with the ASX set to open up 45pts. It will be interesting to see if the HSI has another squeeze lower or fires up the rockets again for a big move up. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will need to see hard evidence that inflation is coming under control first. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Why we should review price action to see if History will RepeatStudying price action and reviewing should be a key part to everyones trading and will improve overall results. Many Stocks, Currency pairs, Commodities or Indexes have differing nuances and characteristics with regards to Price Action so it is worth doing the homework before entering a trade. Even though they all trade around a similar Price Action Framework, quickly looking for small repeating patterns can greatly improve the probability and conviction and help your trades in the long run. This short video looks EQR.asx which is a share listed on the ASX. By reviewing the previous price action, we can see that the current setup is so far following the same path as a previous big winner....I will be watching to see if history does repeat!! Hope you enjoy
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EEducation
by TradeTheStructure
5
Key Levels and US Market Review for the Asian session open 29/03European markets gapped up and then saw a slow grind lower while the US could not take out the previous sessions highs and also moved lower into the close. The US was weighed down by big tech as inflation and rate rises are again the main focus. US Bond yields continued to press higher which weighed on tech stocks and the overall broader market. Elevated Consumer Confidence levels gave the market some confidence as the banking crisis starts to fade to the background for now. Asian markets are expected to open mixed with the ASX200 set to open down 25 points, the Nikkei set to open flat and the Hang Seng to open up over 300 points after a strong overnight session. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed as they potentially come to the end of a rate rise cycle. The Fed will need to see hard evidence that inflation is coming under control first. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 28/03European 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 again be dealing with the prospects of further rate rises and may punish risk assets. Asian markets are expected to open slightly stronger with the ASX200 and Nikkei to open up while the Hang Seng may open flat and find further selling pressure after yesterdays choppy trading day. I remain of the view that sticky inflation is the big issue but it remains a balancing act for the Fed with the lingering concerns for the banking sector. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 27/03European markets were sold lower again on the back of banking fears and look ready to be pressured again at the start of the new week. The US opened weaker to follow on from Europe but found an intraday low and rallied into the close to brush aside the earlier weakness. The USD is back moving higher after breaking the recent downtrend leaving Gold to find some selling pressure and move lower. Copper is finding buyers while Oil fended off more selling pressure and is looking for a move higher. I remain of the view that sticky inflation is the big issue but it is now a balancing act for the Fed with the concerns for the Regional US Banks leading many to expect an interest rate pause. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 24/03European markets fought back up off lows after and earlier selloff while the US managed to end with minor gains led by Tech shares. Again, banking concerns weighed on the markets which capped bullishness for the session as the USD continued to move lower leading to a rally in Gold and Copper. For me, major US and European Indexes are looking very heavy and teetering on a selloff. Whether the selloff sees new major lows or a retest of previous lows, is still yet to be seen. Asian markets will open weaker with the ASX200 expected down 40 points, HSI to open down 180 and the Nikkei down 40/50 points on open. I remain of the view that sticky inflation is the big issue but it is now a balancing act for the Fed with the concerns for the Regional US Banks leading many to expect an interest rate pause. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
2
Key Levels and US Market Review for the Asian session open 23/03US Share markets indexes move lower after the US Fed raised interest rates by 0.25% as expected. There are a number of concerns that the market sees and is reacting to as risk assets take a hit. The US Fed showed concern for the banking crisis and expect credit conditions to tighten which does not bode well for growth in an interest rate raising environment. I expect that we will see more risk off trading in the coming days and will see Europe play catchup with a move lower on open in the coming session. UK CPI showed inflation is moving up which I expect will cap any rally into the FTSE100 (UK100 Index). Asian markets will open weaker to follow on from the US session. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 22/03Share markets continued to press higher as they focus on the coming FOMC interest rate release. Concerns over the banking sector are on the back burner for now and expectations for no rate rise from the US Fed may now be baked into the price action. I expect to see the Fed Reserve raise rates by 25 basis points as they still have to battle higher inflation so we may see a late selloff into the US markets. Asian markets will open stronger to follow on from the European and US sessions. A review of the price action from the European session and the US session where I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 21/03Share markets bounce back ahead of FOMC after news that UBS will buy Credit Suisse. The rescue news was taken as a positive as bargain hunters supported lows and sent Europe higher with the bullishness flowing over into the US market open. Expecting the market to be supported into FOMC and the Feds outlook on inflation and interest rates. This meeting will be interesting as the recent banking issues led many to believe the Fed will not raise and potentially cuts rates soon. A review of the price action from the European session and the US session. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 16/03A 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 more comes to light as analysts take a deeper look at other banks. I continue to be of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control....this all points to more 'risk off' into major share markets. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
CBOT:ZB1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 15/03A review of the price action from the European session and the US session. European markets moved higher once US CPI was released and ended with gains to reverse some of the previous move down. The US was under pressure for a large part of the session only ending in green after a late rally into the close. US Data out showed inflation remains a problem and it is too early to think the Fed will pause rate rises. I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control....this all points to more 'risk off' into major share markets. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 14/03A review of the price action from the European session and the US session. European markets were hit with selling across the board while US indexes were relative buoyant from the open on hopes that the Fed will be less aggressive on rate rises. The NASDAQ was supported from the open as the USD pushed lower and Gold higher. US Bond yields fell as bond prices pressed higher as traders re-adjusted interest rate outlooks. I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control....this all points to more 'risk off' into major share markets. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 10/03A 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 expectations kept the major indexes under pressure. The USD edged lower while US short term bond prices moved higher. I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control....this all points to more 'risk off' into major share markets. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 9/03A 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 view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
CBOT:ZT1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 8/03A review of the price action from the European session and the US session. Major indexes took a big hit after Powell suggested that the US Central Bank could raise rates more aggressively than previously expected. The USD reacted sharply higher while US bonds spiked lower. Investors who recently went bargain hunting were now going risk off into the share market. I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control. I look at some key levels to watch and the price action setups I expect to see play out on the major markets below. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 7/03A review of the price action from the European session and the US session. DAX managed to hold onto recent gains while the FTSE edged lower. The US managed to open stronger and push higher but it was not long until we saw some profit taking and prices edged lower into the close. Traders continue to focus on the global economy versus sticky/high inflation and at this stage data is pointing to a resilient US economy absorbing those higher prices due to inflation. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move up thanks to resilient economies so I continue to expect major swings in momentum up and down. I remain of the view that sticky inflation is the big issue and will weigh on share markets if the Fed, and other major central banks, can not get it under control. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
COMEX:HG1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 6/03A review of the price action from the European session and US sessions with bulls taking charge and pressing major indexes higher. Traders continue to focus on the global economy versus sticky/high inflation and at this stage data is pointing to a resilient US economy absorbing those higher prices due to inflation. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move up thanks to resilient economies so I continue to expect major swings in momentum up and down. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and Market overview for the Asian session open 2/03A review of the price action from the European session and US sessions which gave us some choppy price action. Markets remain under some pressure from sellers with DAX and FTSE giving back earlier gains while the US edged lower. The USD found some sellers which supported Gold while US bond yields rallied again and Oil ranged....mixed bag really!! I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and Market overview for the Asian session open 1/03A review of the price action from the European session and US session as end the month in the red. The USD found some buyers as expected which pressured major currencies although Gold moved up and managed to fend off the USD strength...for now. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and Market overview for the Asian session open 28/02A review of the price action from the European session and US session as traders fight back thanks to some bargain hunting from the open. The US gapped upon the open following on from a strong European session. The USD found some sellers and Bond yields fell which provided some support for share markets traders. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
CBOT:ZN1!
by TradeTheStructure