It is clear that the US indices are inflated based on the boost from the Federal Reserve news. Yesterday three of the US indices closed higher, except for the Russell which closed slightly negative. This comes to reflect that the AI sector seems to be dragging with the magnificent 7 again in this directionality regardless of sectoral scope to all, due to its...
- The market has been trading inside a bearish channel since end of December 2023 ; the mid-term trend was then bearish.
- Since the impact over 0.5850, bull traders have been progressively piling up long positions, leading the market to a new high, breakin-out its mid-term bearish channel.
Both moving averages remain bullish, while the MACD is also evolving in...
Important April and year-over-year inflation data from Canada will be released this afternoon, which according to Statistics Canada has seen a housing production crisis unheard of in the country, leading to a runaway increase in housing prices and access to housing. It has also reflected a very strong increase in inflation in rents, transportation, and the...
Already since last Thursday the index tried to force the breakout zone at highs without success, and it seems that since Friday it is getting back on the bulls due to the favorable news in the Eurozone regarding the continuation of the Euro policy. According to President Von der Legen the ECB will not be able to lower interest rates below 3%, and this will cause...
- The market has been trading above a bullish trendline since November 2024 ; the long term trend is bullish.
- Last month, the market entered a consolidation phase following the establishment of a new all-time high above 5,100pts.
Investors have taken some of their profits out, which pulled the market back to its bullish trendline around...
This day the EURUSD faces news from European industrial production, tobacco, energy and food sectors. There is also a statement from Vice President de Guindos at noon today. The data reported by the US yesterday was quite poor with a similar result to expectations, in the case of manufacturing production slightly better than expected, and the Fed's inflation...
Depois da subida estratosférica desde o anúncio dos resultados há cerca de um ano, os títulos da Nvidia têm estado a consolidar num canal lateral, contudo na próxima semana haverá mais um capitulo importante com os resultados do último trimestre. Caso surpreendam pela positiva, o preço deverá subir bem acima dos $1.000, mas se não cumprir com as expectativas...
The Brent barrel (Brent) this week has cut its price by -1.05% versus -491% on a monthly basis, versus West Texas (LCrude). Crude oil prices rose 32 cents during the American afternoon session for Brent and 31 cents higher for West Texas Intermediate.
More subdued inflation, much weaker retail sales, coupled with lower-than-expected U.S. consumer prices in April,...
This day we have European data on employment, industrial production and GDP growth, as well as inflation rates for some countries such as Spain. The afternoon is very important for the markets with the Fed's manufacturing index, inflation, retail sales, and vehicle sales data, as well as the PCI for the month of April. With less relevance we also have information...
- The market has been trading inside a bullish channel since the beginning of 2024 ; The mid-term trend is then bullish.
- This bullish trend took place as investors' hopes of a quick dovish monetary switch from the FED faded due to US data proving a much more resilient economy than anticipated.
Today's US CPI report is seen as crucial by many.
Indeed, traders...
- The market has been trading below a bearish trendline since July 2023 ; The long-term trend is then bearish.
- Since the beginning of 2024, the market has pulled-back further, trading below an intermediate bearish line (dotted) until reaching a 1-year low around $140.30.
A strong bullish reaction took place above that level, supported by significant volume...
This day we face inflation data in several euro zone countries, including Germany. In the American session, ECB member Isabel Schnabel will issue a statement. The German representative argues that rates should be maintained as they are at least until June, but it remains to be seen whether the presidency will heed the recommendations of the Executive Board. As...
The Asian indices got off to a strong start today. The Hang Seng Index (Ticker AT: HKIND) has broken out of the long-running downtrend channel in the direction of 9-month old price zones. Stocks returned to 15-month highs today as the Fed cut numbers may help or halt the market's evolution. Today we have as we said releases from the Vice Chairman and the President...
Today we face UK economic data, trade balance, GDP growth, and business sentiment. An upward correction to 0% levels is expected versus -0.2% GDP in the previous quarter. In other words, a small economic recovery from last year of -0.2% to 0.3% is the forecast. Already yesterday the Bank of England reported that the interest rate would be maintained at 5.25%....
- The market has been registering lower highs and lows since the beginning of the year ; the mid-term trend is bearish.
Indeed, this situation was fueled by fading dovish hopes about the FED's monetary policy in the US, while the ECB has provided investors with hints that its next easing cycle could take place not later than June.
- However, since the impact over...
- The market has been trading above a bullish trendline since March 2024 ; the mid-term trend is then bullish.
- Lately, the market has registered a strong bullish acceleration that drove prices to the 171.591 level.
However, as the BOJ moved towards the end of the negative rates era, investors have quickly regained appetite for the Japanese Yen, which resulted...
Today morning, the Ascension Day of Christ, the IBEX35 has experienced strong movements due to the news of the hostile takeover bid for Sabadell by BBVA and the possibility of a refusal by the government in view of the destruction of competitiveness in the banking market. Spanish government bonds, as well as Irish bonds, have been drawn. At noon De Guindos and...
In order to assess whether it is a good time to increase exposure to riskier assets such as equities, institutional traders often use correlation tools and inter-market analysis.
Depending on the macro environment (uncertainties, market drivers, monetary narratives), traders periodically assess their exposure between offensive and defensive values (Risk-on vs...
