Trump
SP500 | Bullish wedge (and some nonsense)I like the SP500 for a bullish wedge up against the 3020 area - we're seeing consistently higher lows stalling out at that region - suggesting that its only a matter of time before price breaks higher.
And now for a bit of nonsense (hey, you never know)
News of Donald Trump's impeachment talk being squashed would get it back to the highs.
A surprise trade deal with China would kick it into orbit. Price is suggesting bullishness, so keep an eye out...
Gold SellExpecting gold to go down quite a bit now. As its currently going in a downward trend its just come under my 200 ema which usually means sell. its also failed to break my 1498 zone for some time now. I have first TP at 1477.45 and second TP at 1457.35 if it finally breaks range and continues its downtrend. I have SL at top of the range 1498.72 but hopefully goes my way. This chart was based on looking at 4 hour and daily chart. like and share any comments you have about my analysis would be appreciated.
ORBEX:SPX,DXY -Tradewar Deal Next Month! Brexit Today, Tomorrow?In today's #marketinsights video recording I analyse #SPX and #DXY #Indices!
Equities and Cash Indices are both affected by growing confidence surrounding #tradewars, #Brexit and of course, the upbeat US earning reports that keep coming out!
With Mr Trump expecting a #tradewar deal by the middle of next month and BoJo willing to push through his latest EU-agreed deal through parliament today or tomorrow, it's going to be an interesting start to the week.
Meanwhile, the economic calendar is light today, Monday, making headline news a good market mover!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice