A good week for European equities as they benefit from flow of funds The major European indices are ending the week with mixed results. The German Dax broke its four day streak that also saw new all time highs being made. The provisional closes are showing: German DAX, -0.5% France’s CAC, +0.2% UK’s FTSE 100, +0.4% Spain’s Ibex, +0.45%… Continue reading Major European indices end the day with mixed results.
NASDAQ 100 FUNDAMENTALFORECAST: BULLISH Tech rebound sent the S&P 500 and Dow Jones to record highs last week Upbeat data, vaccine progress and fresh stimulus may underpin the fundamental outlook The Nasdaq 100 index is trading at a 38.14 price-to-earnings (P/E) ratio, far above its 5-year average Discover what kind of forex trader you are… Continue reading Will Calming Yields Revive the Tech Sector?
Grind higher in yields can’t derail the market First, I believe there are two markets. Tech is on its own and i don’t think that yields matter that much to tech, SPACs and other pandemic trades. They’re a sentiment-driven rollercoaster. There’s somewhat of a feedback loop with yields but it’s overstated. In the broader market,… Continue reading Improved mood after US sentiment data highlights what will be an ongoing trend
The low for 2021 was at 1.24673 The USDCAD has ticked to new year lows at 1.24673. The low price just reached 1.24652. The pair is now trading at the lowest level going back to February 16, 2018 when the price reached 1.24496. That is the next target on the downside to get to and through. Invest in… Continue reading USDCAD ticks below the new year low
Fundamental Euro Forecast: Neutral EUR/USD, Eurozone bond yields and European stock indexes were all largely unaffected by last week’s meeting of the European Central Bank’s Governing Council. The only comment of note was that the ECB expects purchases under its Pandemic Emergency Purchase Program over the next quarter to be conducted at a significantly higher… Continue reading EUR/USD Well Supported as Global Central Banks Meet
1.625% in 10s It’s blue sky ahead of US 10-year yields rise to the highest since the pandemic. The high in February of last year (when the bond market had sniffed out the pandemic but stocks and the Fed were oblivious) was 1.682%. Invest in yourself. See our forex education hub. Source link
After pings at the 100 hour MA The ping -pong of the EURUSD has pushed the price from a ping at the 100 hour MA (blue line) to the pong at the 200 hour MA (see earlier post here laying the groundwork for the ping pong). Yesterday, the price moved above the 200 hour MA… Continue reading EURUSD “pongs” back to the 200 hour MA
GOLD PRICE WEEKLY FUNDAMENTAL FORECAST – BEARISH Gold price action gained nearly 1.5% this past week after closing out on a positive note Precious metals like gold and silver face selling pressure more broadly alongside bonds XAU/USD could resume its slide if the upcoming Fed meeting pushes real yields higher Visit the Finance Prop Education… Continue reading XAU/USD Hinges on Fed Meeting, Real Yields
Canadian 5-year yields break 1% USD/CAD is below 1.25 as the market continues to digest the strong February jobs report and the likelihood of BOC rate hikes. The great debate of next year will be which central bank hikes first and the top two contenders are the BOC and Fed. The Canadian central bank has… Continue reading USD/CAD shrugs off risk trade as Canadian yields go on their own run
The NZD is the weakest of the majors today, but is off session lows The NZDUSD is the weakest of the majors today, but is rebounding off the session lows. The move back to the upside has taken the price back above its 100 hour moving average at 0.7175. The listed below that moving average earlier in… Continue reading NZDUSD off session lows