Forum Replies Created
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Market Update: Fickle convictions
Firmer oil => firmer yields => stocks losing steam?
USDCAD: Retracement off 1.4293 pausing above 1.42, which needs to hold to contain the downside… above 1.4233 needed to slow risk of down moimentum buildinmg
US500: Lower highs bear watching along with 7800
XBRUSD: Futures trading above $100 (last $101.67)
EURUSD 4 HOUR: Focus back to 1.12
French yields up (after a relief dip yesterday) => EUR down (vs crosses as well) so keep an eye on whether this correlation continues.
EURUSD: Up momentum broken, 1.12 clearly pivotal in setting its tone. damage not fatal unless 1.1161 is broken, resistance at 1.1203, 1.1220-40
COMING UP: Data: Swedish CPIF Prelim. (Sep).
Events: NBP Policy Announcement (Oct), FOMC Minutes (Sep).
Speakers: Fed’s Logan; ECB’s Cipollone, Vujcic.
Supply: Australia, UK, Germany, US
US Market Wrap: S&P 500 hits fresh ATH as yields move lower
SNAPSHOT: Equities up, Treasuries up, Crude up, Dollar down, Gold up
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Market Update: Closing Indices
US500: Mission accomplished (new record high at 7845) or more to come? Let’s see if 7818 can become support and 7850 get broken. If not, then dependent on 7800 holding to keep a bid.
NAS100: No reason to guess at a top so let’s see if the bottom of 31500-32000 sees a pause. If so, then dependent on 31000 holding to keep a strong bid.
EURJPY started the week on a negative note, extending its 📉downtrend to a fresh 11-month low of 176.20 before recovering above 177.00 on Tuesday, Although the pair remains capped below its 20-day SMA, maintaining an overall downward trend in the short-term picture, the technical signals reflect an overstretched sell-off, endorsing a temporary recovery phase in the coming sessions.
US PRE-MARKET MOVERS: Mag-7, AMD, CEG/GOOGL, OPCH, BDX, MAT, ABBV
ES +0.3% NQ +0.4% RTY +0.1%
Market Update: EUR reprieve, Firm stocks, Weaker oil
EURUSD: Getting a repieve while above 1.12 that would need to break 1.1250 (Friday’s close) and 1.1261 (Monday’s high) to neutralize the risk and then 1.1289 to make this more than just a bounce off the low. Support at 1.1220 blocks a return to 1.12. High so far at 1.1247.
US500: Stocks supported by the dip in oil but 7800 remains an obstacle to exposing the 7818 record high.
XBRUSD: No matter which Brent market you trade, $100 will stay pivotal in eventually setting its tone (futures last at $98.61)
COMING UP: Data: Australian Westpac Consumer Confidence (Oct), German Factory Orders (Aug), EU Retail Sales (Aug), US ADP Employment Change Weekly, Atlanta Fed GDP (Q3). Events: EIA STEO. Speakers: BoE’s Mann; ECB’s Zigman, Elderson, Cipollone; Fed’s Williams, Bowman, Schmid. Supply: Japan, UK, Germany, US.
Newsquawk US Market Wrap: Stocks rally across the board while long-end yields advance higher
SNAPSHOT: Equities up, Treasuries down, Crude down, Dollar up, Gold
