A review of the price action from the European session and US session as traders go into 'risk off' mode on stronger than expected inflationary data. The US gapped down on the open and held the lows into the close. The USD continued higher while US bond yields again rallied which pressured the broader share market. I look at some key levels to watch and the price...
A review of the price action from the European session and recap of US price action as US indexes followed on from some strength this time in the Asian and European trade. The US gapped up on the open, sold off hard only to bounce back into the close to wipe off the majority of the earlier losses. I look at some key levels to watch and the price action setups I...
A review of the price action from the European session and recap of US price action as US indexes followed on from weakness in Asian and European trade again. I remain of the view that data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes as we can see from the selloff. I look at some...
A review of the price action from the European session and recap of US price action as US indexes followed on from weakness in Asian and European trade. I remain of the view that data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes as we can see from the selloff. I look at some key...
A review of the price action from the European session and recap of US price action as the US indexes were closed Monday. I remain of the view that data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes as we can see from the recent grind lower...it is whether the bears can now...
A look at the price action from the European and US sessions and what that may mean for the Asian market open after PPI out in the US was stronger than expected adding fuel to the inflation fire. I feel data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes. Intraday the US could not...
A look at the price action from the European and US sessions and what that may mean for the Asian market open after PPI out in the US was stronger than expected adding fuel to the inflation fire. I feel data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes. Intraday the US could not...
A look at the price action from the European and US sessions and what that may mean for the Asian market open after some stronger than expected US retail Sales triggered a choppy session. I feel data is still showing 'sticky inflation' which eventually leads to higher interest rates and lower spending which will cap the indexes...although traders are focused on a...
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
A look at the price action from the European and US sessions and what that may mean for the Asian session open. 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
A look at the key areas of interest for major markets and what we could be looking for. Levels and price action analysis for :- DOW Nasdaq DAX FTSE ASX200 USD U Bonds
HanG Seng came under fire and could see new lows in coming days. The price action recently flushed through resistance at 22416 and is now unwinding longs positions on a move down. A break below 21068 could see a move into 20165.
Gold remains under pressure...it's possible we see a secondary move lower into 1794...would mean the USD is getting ramped and share markets potentially pounded.
Spot Gold not looking too healthy...could easily rollover below 1860...Daily chart struggling. Notice the wicks on the daily which correspond to a failed to break above 1880 on the lower timeframe 30 min chart....see what the next few days brings
Hartshead Resources (HHR) looking good...holding higher lows and I expect that a break above 0.043 will be bullish and drag in more buyers for a run higher.
DRE looks good for a move higher...I expect that sceptical ASX investors are holding it back...maybe needs some more work above 0.087 support
The ASX200 is bias up ahead of the CPI release today....into previous resistance and highs so may react lower again but for now is looking nicely supported.
HMX on the ASX is shaping up really nicely as price action holds a higher low and drags in more buyers. It may be only a matter of when not if bulls will charge up through 12 cents. With great prospects and news flow, I expect a solid move up.