After Monday’s big falls , investors were relieved to see green first thing this morning as the vicious selling took a breather. However, the positivity didn’t last too long and the selling resumed once Wall Street opened for trading. Safe-haven gold also rebounded. Yet, the risk off tone was nothing like Monday, well not yet […]
Selling of risk resumes but pace likely to slowdown Read More »
Earlier we reported that the markets fell sharply amid growing concerns over the spread of the virus hurting economic growth. At one stage the Dow was down in excess of 1000 points! But as I write this, the markets are coming off their worst levels. Have we hit a low, or is this a temporary
S&P tests key level after a big drop on coronavirus concerns Read More »
The sell-off in risk assets continued in early European session. A jump in new coronavirus cases in Italy and South Korea over the weekend has intensified concerns that global demand could be a lot softer in Q1 than anticipated due to the impact of the virus. Investors went in panic mode and dumped stocks with
Markets in total panic mode as coronavirus cases Jump Read More »
I was asked why I closed the EUR/GBP trade just ahead of target and so I thought let me post a quick article with the reasons, so you could understand my thinking. Below is the hourly chart of the EUR/GBP I posted a few days ago on Telegram as a trade signal in the discretionary
EUR/GBP short trade rationale Read More »
Stocks have just dropped sharply a few hours after the open on Wall Street. So far it is not clear what’s causing the move, but with safe haven gold continuing to rise over the past several weeks, it is clear that some investors are clearly worried about something. Chief among the worries is the implications
Stocks drop sharply Read More »
The AUD/CAD has been trending lower on the back of a dovish RBA and not-so-dovish BOC. The downward trend may have resumed following yesterday’s price candle: Key technical points Price has been making lower lows and lower highs On Wednesday, price formed an inverted hammer candle off the bear trend The hammer candle suggests sellers
AUD/CAD set to resume lower Read More »
US bond yields have been in a downtrend for months and now they are breaking down once again after recent consolidation. Source: TradingView This should be good news for low-yielding and noninterest-bearing assets such as gold and silver … Trading leveraged products such as FX, CFDs and Spread Bets carry a high level of risk which means you could
US 10-year bond yield breaking lower Read More »
