Interpreting market movements in a whole new way
Interpreting market movements in a whole new way
Yesterday [Dec 21, 2020] saw weakness in US equities and index futures in what appeared to be a very late reaction from the breaking news which came out from the UK Health department during the trading session this past Friday that there was a different mutation of the Corona virus which had a 70% higher … Continue reading “EUR/USD could see some price resurrection”
Read MoreWe usually analyze the four indices in our weekly newsletter for our subscribers using a combination of technical tools. This week however, we present a simple Fibonacci analysis on the four indices: S&P [SPX] – showing a bullish read as long as we stay above 3613.83 Nasdaq [NDX] – although oversold in the past few … Continue reading “Analysis of the indices for index options traders”
Read MoreCurrencies were trading lower this past Friday on fading hopes for both the weekend meeting related to Brexit and Congress breaking session for the holidays ahead of any stimulus deals in the US. For most of this year, investors have traded on the speculation that the British leadership would give in and agree to an … Continue reading “USD/CAD weakens for lack of stimulus agreement”
Read MoreThe AUD/USD is jumping to new all-time highs alongside the stock markets. Budding optimism over discovery of a viable vaccine to combat the pandemic spurring global growth and a rebound in business activity post-pandemic is helping fuel demand for global growth-linked assets and currencies, like the Australian, Canadian, and New Zealand Dollars. Each of the … Continue reading “AUD/USD remains bullish into the holidays”
Read MoreCopper prices are flat amid low volumes and as Chinese demand gradually slows down. Three-month copper on the LME was up 0.1% at $7,680 a ton and Comex copper as of this writing was trading at 3.4975 just shy of 3.500. Stock piling by Chinese producers certainly has helped drive the price to the highest … Continue reading “The copper and silver trade ideas which still have legs”
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