The USD still got its foot on the throttle, with the DXY dollar index which measures the strength of the USD vs a bunch of other currencies registering bullish intent. At 96.74 up 0.10% at the time of print. Trading between 96.62 – 96.78. The New week begins with market participants’ eager for direction as […]
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Without Any Concrete Concessions, Market participants Jump
Without any concrete concessions, Market participants had excitedly jumped on the bandwagon that trends were going to surge with the US & China back at the table and perhaps the prospects of future US rate hikes were put on a slow burner. Unfortunately, the trends could not carry the sentimental burden much further without a […]
The Market Is Teaming Up with Action And Trading Options
The Market is teaming up with action and trading options, following Friday’s better than expected NFP report adding (315,000) which sent the USD up momentarily until Fed Chair’ Jay Powell’s speech in which, Investors interpreted his usage of the words “patient” as an attribute to “forward guidance” to be a caveat. Thus moving to the […]
Market Wounds Are Continuously Being Bruised
Market wounds are continuously being bruised. Apple Inc. was forced to cut its revenue outlook for upcoming Quarters on low iPhone demand in China, due to its legal stance against QUALCOMM, amid regulations and privacy scrutinized policies which pull US TECH and US30 stocks down with APPLE Stocks. A day teaming up with economic data […]
The Aftermath of the US Fed Rate Hike Into Christmas.
The US Fed rate hike’s aftermath is still murky as a commemoration of the last Friday before Christmas is upon us. #SantaRally is very late and perhaps over before it began. Meaning almost all online retail shops are bearish and indices battered. Market participants are looking at the deluge of economic event lacing the calendar […]
Melancholic Market Day Assets Remain Bearish
The Mood Wednesday could be prudently tagged as a “Melancholic Market Day”, as the US prepares for the funeral rites of the Late and Former President George Bush. Wall Street is set to be “closed”. Meanwhile, President Trump’s comments on the US-Chinese Trade ceasefire was not convincing enough for investors. The US 30 plummeted nearly 600pips […]