Week of 10th of Feb. EURGBP, USDJPY, XAUUSD.
Week of FEB 3, 2020
Week of December 23, 2019
With the current political disarray infecting the United States financial sector there is a high level of insecurity and volatility leading into the 2020 trading year. The current sitting United States president Donald Trump has been Impeached by the house and is awaiting the matter to be handed over to the senate to continue the impeachment process.
The USD/JPY is a volatile but predictable market due to its historical data and the emergence of repeating patterns. The USD/JPY has been stuck in a range of sideways consolidation since 2017 with only slight retests of previously established resistance levels. With the USD/JPY in a range of historical resistance levels the market will have a more well defined value to reach depending on volatility.
Week of Dec 16, 2019
With a tumultuous history between the Euro and U.S. Dollar the markets fluctuations still follow well established historical resistance levels despite the announcement of news being either good or bad. Volatility in world markets alongside the current instability with the Brexit situation tied into threats from United States president Donald Trump on more tariffs lends a hand into instability in the currency.
Retail sales data represents total consumer purchase from retail stores. There was an initial weakness in the USD and upside move in stocks.
The NASDAQ 100 E-MINI is an accumulation of the top 100 foremost non-financial U.S. Large-cap companies. This allows investors to have an influential hedge position as well as foresight into speculative trading strategies.
The current RUSSELL
2000 E-MINI contract is experiencing high volatility which is exacerbating a
region of sideways consolidation. This shows there is internal instability with
the valuation of some of the RUSSELL 2000’s represented companies.
S&P 500 E-MINI Futures Overview and Analysis
The main attraction to the S&P 500 E-MINI futures is that it is a type of derivative contracts that provides a trader with an investment price on the expected value of the S&P 500 Index’s future value. The main benefit for using E-MINI futures is the E. With electronic trades being able to be taken place by a trader no matter where they are in the world and do not need to be directly in the pits. Just like the Index the S&P 500 E-MINI Futures share similarities. They both have two main areas of sideways consolidation that drives the trading range.
The Nasdaq Composite Index is formulated by a capitalization-weighted index of over 3,300 common equities listed on the Nasdaq Stock Exchange. With this being said the index has volatility and can be subject to big swings in market value. This is a good indicator of the overall health in the Nasdaq stock exchange. The IXIC has had two noticeable areas of sideways consolidation that allowed for a better understanding of its resistance levels.
The DJAI is an expression of the overall value of thirty publicly-owned companies trading on the New York Stock Exchange and the NASDAQ. Since the Index is a price-weighted average of thirty companies this is used to gauge the overall performance of those companies. Since the price of the companies’ stocks influences its effect on the index the DJIA uses a “Dow Divisor” to properly reflect that.
The Russell 2000 in its history has allowed us to view its past to determine its future. There have been only three real pinnacle movements to the Russell 2000 Index.
GER30 has been down-trending since the
beginning of May and price was rejected on June 6th by the dynamic
With the S&P 500 at an ominous position. It will be ready to make a paradigm shift in its course. With the Index being in an upward trend and no history to help concrete resistance levels it was left to speculation and investors to decide.
If you are a new trader or even a well seasoned veteran one of the first things that will come to mind is… well... your mind.
GBPUSD is currently heading downward after
BREXIT still not being fully resolved 2 months after the UK were supposed to
leave the EU.
Just in case you haven’t been following, here’s a catch up on BTC/USD . What a couple of months it has been for Bitcoin, after year of slander we’re finally starting to see the crypto currency making moves to the upside.
Last Friday we had the NFPs kicking it in the high, with the result counting 250K beating the 191K expected.
Bitcoin price stalled in the last few months, here the preview what can be expected in the following weeks and months.
European cash equity markets are mostly lower ahead of the midway stage (FTSE -0.3%, DAX -0.5%, CAC -0.3%, FTSE MIB -0.4%). We did see a higher open with outperformance in the oil and basic resource sectors but losses in Italian bank stocks have weighed in recent trade. Italian government bonds have also come under pressure with the ten-year yield up thirteen basis points to a fresh multi-year high of 3.71%. Despite the reversal in risk sentiment, core European and US government bond yields are both holding on to minor gains with the US ten-year inching up to a fresh multi-year high this morning. Data releases were sparse and largely ignored, including a wider than expected German trade surplus after imports dropped -2.7% MoM. Turning to the currency markets, the Dollar Index has edged above the 96.0 level in recent trade but still had to second for second place among the G10’s behind the Japanese Yen. Sterling and the Euro are the weakest while Brent crude futures have added +0.9% and spot gold has lost -0.1%. Looking ahead, futures are pointing to a lower open on Wall Street amid a busy FOMC schedule including possible comments from Kaplan, Evans and Harker. Canadian housing starts are the sole data release.
In this article we present pure numbers on the performance of the FTSE100, compare up and down days, and see the highest daily volume.
In this article we present pure numbers on the performance of the DAX30, compare up and down days, and see the highest daily volume.
European cash equity markets have held higher this afternoon to close firmly in the green (FTSE +0.2%, DAX +0.8%, CAC +1.2%, FTSE MIB +1.5%, IBEX +1.6%).
US cash equity markets are higher at the closing bell, led by the material and technology sectors (DJIA +0.9%, S&P +1.1%, NASDAQ +1.5%).
I have developed the 10/10 evaluation model in order to be able to contribute to the Financial Markets transparency.
European cash equity markets are little changed at the closing bell have pulled back from their best levels this afternoon (FTSE 0.0%, DAX +0.1%, CAC 0.0%).
US cash equity markets are nursing heavy declines at the closing bell having added to earlier losses this afternoon (DJIA -2.3%, S&P -2.2%, NASDAQ -2.3%).
We have seen a marked turnaround in US stocks this afternoon (DJIA +1.0%, S&P +1.2%, NASDAQ +1.5%).
Review of what we can expect in the upcoming trading week regarding markets, first week of new month and investors come in back hungry for more after the long Easter weekend.