Author: FX
The entire of next week is going to be a bit of a holiday time in Asia. Liquidity will be much thinner than normal. China and Japan do not have official holidays next week. Hong Kong is closed onMonday 26 DecemberTuesday 27 December Singapore is closed on Australia (Sydney and Melbourne) closed onMonday 26 DecemberTuesday 27 December New Zealand closed onMonday 26 DecemberTuesday 27 DecemberADVERTISEMENT – CONTINUE READING BELOW Source link
EUR/USD remains sidelined around three-week-old horizontal support, fades upside momentum of late. Downbeat RSI keeps bears hopeful of meeting 1.0440 support confluence. Bulls need to cross the weekly resistance line to retake control. EUR/USD fades late Thursday’s corrective bounce off short-term key support as it retreats to 1.0590 during Friday’s Asian session. Not only the failure to stay beyond the short-term key support but the RSI (14) line also keeps the pair sellers hopeful by printing the sub-50 level but staying beyond the oversold region. As a result, the quote is likely to break the aforementioned three-week-old horizontal support line,…
Gold, Dow Jones, US Dollar, GDP Data – Asia Pacific Market OpenGold prices sink as the US Dollar rallies and the Dow Jones tumblesSupportive Q3 US GDP revisions underscored a more hawkish FedAsia-Pacific markets likely at risk to thin trading conditions ahead Recommended by Daniel Dubrovsky How to Trade Oil Asia-Pacific Market Briefing – US GDP Data Underscored a Hawkish FedGold prices fell 1.2% on Thursday as general market sentiment deteriorated, producing a volatile Wall Street trading session. The Dow Jones, S&P 500 and Nasdaq 100 sank 1.05%, 1.45% and 2.18%, respectively. As a result, the VIX market ‘fear gauge’…
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2/2 © Reuters. FILE PHOTO: A passenger looks at a flight departure board at Ronald Reagan Washington National Airport as a budding winter storm across the much of the country is likely to cause travel delays ahead of the Christmas holiday, in Arlington, Virginia, U.S., 2/2 By Tyler Clifford and Rich McKay DETROIT (Reuters) -A dangerously frigid arctic air mass gripped a vast expanse of the United States on Thursday ahead of what could be one of the coldest Christmas Days on record, as a looming winter storm threatened to upend travel plans for millions of Americans. Leading into the…
Yesterday, the S&P closed up 56.84 points or 1.49% at 3878.45Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since assumed the majority of major trades that had…
Indices Talking Points: Recommended by James Stanley Get Your Free Equities Forecast We’re winding down to the end of the year but volatility in stocks has continued to flow. Today brought a strong move to start the session as the S&P 500 put in a dead drop from the key zone of resistance that came into the picture yesterday at the 3912-3928 area on the chart. This was resistance in late-October before becoming support over a couple of different episodes in November. Last week’s FOMC-fueled sell-off broke through that area as the S&P touched down to the 3802-3810 zone that…
AUD/JPY rose to the top of our longer-term watchlist this week after significant monetary policy events from both the Bank of Japan and the Reserve Bank of Australia. What did they say and will it lead to a momentum move in AUD/JPY in early 2023? Let’s take a look! Monetary Policy Divergence Ahead?! In case you missed it on Tuesday, the Bank of Japan rocked the markets by raising its cap on the 10-year Japanese government bond interest rate from 0.25% to 0.50%. No one saw this coming, and while BOJ Governor Kuroda said this decision was to improve bond…
S&P 500, Liquidity and Volatility Talking Points:The Market Perspective: S&P 500 Choppy Range Between 3,910 and 3,650A charge in the VIX volatility index shadowed the S&P 500’s nearly -3.0 percent drop to Thursday’s lowWhile there were some fundamental sparks, the slide and ultimate pressure on the SPX’s midpoint of its October to December range is being distorted by holiday liquidity Recommended by John Kicklighter Building Confidence in Trading The S&P 500 seems to be leading risk-leaning assets to defy the typical Santa Claus rally and comfortable fade in volatility that are usually ascribed to this time of year. In fact,…