Following another day of sharp falls for European markets, index futures point to another weaker open on Wall Street. This will be the sixth down day, and will be interesting to see whether the shorts will continue to press on, or if there will be some tactical buying here and there. In any case, trading …
Markets continue to struggle as we enter day six of sell-off Read More »
The EUR/USD has been creeping higher over the past few days, after a big drop in early Feb. But this appears to be a dead cat bounce. The hourly chart shows price failing to hold above old highs, where it has just created a rather large bearish engulfing candle. If I am reading this correctly, …
With risk assets rebounding off their lows this afternoon, safe-haven gold, which has stopped going higher over the past couple of days, could turn lower soon. If it does, this is one of the ways to potentially trade it short: This is somewhat similar to the short gold trade that was taken on Tuesday, which …
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 »
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 …
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 …
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 …
