Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
AUD/JPY: Risk on remains intact
2020-11-30 • Updated
Ichimoku Kinko Hyo
NZD/JPY: The pair is trading above the cloud. An upside pressure would lead the pair to exit further the cloud, confirming a new bullish outlook.
Fibonacci Levels
XAG/USD: Bears clearly control market. Seems day by day that bullish market loses momentum.
US Market View
World shares paused on Monday to assess a record-breaking month as the prospect of a vaccine-driven economic recovery next year and yet more free money from central banks eclipsed immediate concerns about the coronavirus pandemic. Weden's Riksbank surprised last week by expanding its bond purchase program and the European Central Bank is likely to follow in December. German 10-year Bund yield was down 1.1 basis points at -0.598%, its lowest since Nov. 9.
Federal Reserve Chair Jerome Powell testifies to Congress on Tuesday amid speculation of further policy action at its next meeting in mid-December. As a result, U.S. 10-year yields are ending the month almost exactly where they started at 0.84%, a solid performance given the exuberance in equities.
USA Key Point
- ECB's Lagarde supports that monetary policy cannot be as targeted as fiscal measures can be
- Italy November preliminary comes at CPI -0.2% vs -0.3% y/y than expected
- European equities creep higher after slightly softer start
- EUR/USD on approach to 1.2000
- Pound a little higher but price action still confined by key near-term levels
Similar
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
Latest news
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...