Blogs

<p>JP 225 stock index (Cash) yesterday bounced off the 21,431 mark, that being the 23.6% Fibonacci retracement of the up leg from 15,384 to 23,302, resuming the uptrend by climbing above the 200-day simple moving average (SMA). The Ichimoku lines and the short-term oscillators, although reflecting the recent pullback, continue to back an impr

<p>The US dollar index touched the 23.6% Fibonacci retracement level of the down leg from 103.80 to 95.60 at 97.52 and retreated lower, heading towards the three-month low. The MACD is flattening below the trigger and zero lines, while the RSI is sloping down in the negative zone in the short-term.  Also, the 20-day simple […]

<p>Retail sales surged by 17.7% month-on-month in May completely blowing away market expectations of 8% growth. Moreover, the April figure was revised up from a 16.4% contraction to a 14.7% decline. The level of retail sales in May was 7.9% below where it was in February, prior to state lockdowns. The volatile categories of motor […]

<p>The S&P 500 Futures remain on the upside after they closed in positive territory yesterday, lifted by the Federal Reserve’s announcement that it would start buying individual corporate bonds. Separately, Bloomberg reported that the Trump administration would prepare a 1 trillion dollars infrastructure proposal. Due later today a

<p>Today’s price action has been rather dull, although investor sentiment was still overall positive with Asian and European stocks and US index futures extending gains and the dollar easing further lower with risk-sensitive currencies edging higher after Monday’s sharp reversal. However, since the European open, index futures hav

<p>Stock markets are continuing to rebound strongly on Tuesday after Wall Street’s u-turn at the start of the week as the Fed announced the start of corporate bond purchases. It seems you can count on the US central bank to step in at the slightest hint of vulnerability in the market at the moment. Thursday’s […]

<p>The US dollar has been declining against a basket of currency majors. The US dollar index (#DX) closed in the negative zone (-0.34%). Investors’ sentiment has been improved slightly after the Fed announced the start of a massive purchase of US corporate bonds. The regulator wants to provide companies with access to cash, as well […]

<p>EURCHF appears to have returned to a neutral stance, following the recent rallies pullback from the 1.0914 point back under the 200-day simple moving average (SMA). The Ichimoku lines and cloud sponsor consolidation in price, as does the flattened 100-day SMA. The MACD and the RSI reflect a stall in price action with weakened positive [&he

<p>Notes/Observations Stimulus talk and various govt efforts to support companies impacted by the coronavirus outbreak. aid risk appetite Geo-political clouds on horizon as North Korea blows up liaison office; China-India ‘violent’ skirmish on border with casualties BOJ saw interest rates staying ultra-low into 2023 Asia: BOJ left Inter

<p>The USD weakened against some of its major counterparts yesterday and during today’s Asian session, as during the American session yesterday, the Fed announced that it would buy individual corporate bonds on the secondary market. The measure is to come into effect from today and be implemented through the Fed’s emergency secondary market c