US Economy Articles
NAS100 Nasdaq Index Strength to 12100
Possible 5-3-5 zigzag pattern forming on Nasdaq for at least one more leg up to C. This has been labelled as an ABC because it’s the bare minimum for an impulse 12345 also being wave 3. Nasdaq – We must get the 3rd wave or C wave regardless of labelling…
AUD/JPY Daily Cross Signals Bearish Momentum
Price breaking below daily pattern trend line and if held, could commence the exit sell down to levels we have not seen since June. AUD/JPY is at a critical zone to determine its fate. This week Japan announced Yoshihide Suga as their official Prime Minister, and US retail data…
USD/CAD Next Drop Presents Value at 1.31500
Friday’s economic data showcased US inflation back on track at 1.3% YoY, but slightly weaker on the month at 0.4%. (Previous month 0.6%). For the USD/CAD, we could see a short term drop to 1.31500 before the next rise as the Canadian dollar looks to shadow the Oil drop. Key…
Analysing US Economic Activity – Forward Looking Inflation Analysis
This article will briefly look at financial indicators that illustrate the current and forward looking view of the U.S. economy. Expected Inflation Levels Image Source Credit: Scott Grannis Expected inflation levels can be calculated by taking the difference between Treasuries (Red Line) and Treasury Inflation protected securities (Blue Line) ,…
S&P500 (SPX) New All Time High or Further Drop for Accumulation to 3588
SPX found support at its previous all-time high price 3394 before bouncing and looking to test new highs. There are two options in play to trade the SPX structure and the greater reward to risk option would be testing the June 2020 high 3232. Scenario 1: IF price…
Dollar firm on broad data whilst Stocks continue to suffer
Asian stocks were under pressure as the sell off in US equity counterparts continued for a second day. The dollar has moved higher for the third-day in a row, temporary or the start of a new trend? US data comes in mixed but slightly more optimistic.
China vs Australian Tension Imminent?
The ASX Index takes a hit as Australia and China tensions brew, could this worsen ? USD stages a rebound , with the survival of the rally in question. Could EUR/USD be setting the stage to reach 1.25. US and European equity futures rise again, with treasuries slipping.
EU Recovery Fund Meeting In Focus
Essential Insights The Euro is strengthening to a 4-month high ahead of EU recovery fund talks today, with European bond spreads tightening and European equity bourses advancing. AstraZeneca PLC gained positive momentum on the back end of promising initial vaccine test results. US covid cases rise 2.2% in a single…
FX Daily Update – US Session 17th July 2020
Essential Insights Asian equity markets were mixed as covid-19 cases in the US spiked Miami Mayor suggested a stay at home order could be initiated if the situation worsens US President Trump announced a legislation to hold China accountable for actions in Hong Kong surrounding the new security law Disagreements…
FX Daily Update – US Session 15th July 2020
Essential Insights Asian equity bourses posted gains following upbeat performances from Wall street equities The Moderna vaccine has been shown to produce antibodies in an initial study for testing subjects. Sparking fresh optimism and encouraging the risk on mood. US President Trump has signed a legislation to hold China accountable…
Virus Concerns Back In Focus, Coupled With U.S. Election Risks
Essential Market Insights U.S. stock futures fluctuated amid concern that a rising number of coronavirus cases will hinder global economic recovery attempts Florida, Texas and California post record death figures China’s Foreign Ministry says China will impose reciprocal measures if the US insists on moving forward with sanctions on Chinese…
FX Daily Update – US Session, Firmer USD But Quite Markets
UK June GfK consumer confidence was slightly better than expected (‐27 vs. ‐29). The rebound in confidence has been limited so far, relative to other activity and sentiment data Dollar slightly firmer after positive NFP data but lacks real conviction US covid-19 cases reach 56.k (another new record) in just a single day
EUR/USD Long Trade Idea
15 Minute Timeframe – EUR/USD 02/07/2020 7:30 AM Technical As illustrated above, EUR/USD has broken out of a descending trendline with prices currently displaying signs of breaking above a pendant (continuation structure). A break out above the continuation pendant structure is likely to see further upside. It is worth noting…
US DOLLAR TO EXPLODE HIGHER ?
The US dollar remained firm at elevated levels during the Asian trading session following a correction lower for risk assets yesterday. The S&P 500 index slipped 2.6%, as the conditions for risk assets dampened, reflected a strong risk-off tone. Risk assets will find it difficult to gain firm footing as…