As we approach the weekend, the cryptocurrency market is capturing everyone's attention. Bitcoin (BTC) has made a significant recovery, surging from the key psychological level of $40,000. This impressive price action follows a recent dip earlier in the week when it teased a false breakdown below that crucial support level.
Today's movement marks the most...
Fueled by falling US inventories and Chinese stimulus, crude oil is on the move. This recent price action has enabled WTI to break through the resistance level we had been closely observing, which was around $75 per barrel. With this newfound positive momentum, all eyes are now focused on the crucial psychological level of $80 per barrel, with the potential for...
Dr. Copper has recently demonstrated signs of strength, largely attributed to China's stimulus measures. This price surge is occurring within a pattern of consistently higher lows since the lows of 2023. It's important to highlight that this upward momentum previously broke through the downtrend line stemming from the highs of 2023.
Following its breakthrough of...
As had been widely expected, and fully priced by money markets, the ECB left all three benchmark interest rate unchanged at their first decision of the year, maintaining the deposit rate at a record high 4.00%. Comments on the policy outlook were also rather thin on the ground, representing the January meeting being a ‘wait and see’ one for the Governing Council,...
While the US500 and NAS100 juggernaut rolls on and the VIX index remains under 13%, we ask what could derail this risk rally.
One event which has shown form through 2023 as a market mover is the US Treasury’s QRA (Quarterly Refunding Announcement).
For background the ‘QRA’ – or Quarterly Refinancing Announcement – is where the US Treasury Department announce...
Master Elliot Wave principles for precise wave identification, using Fibonacci ratios to validate counts and identify reversal or continuation zones. Recognize key wave patterns for enhanced decision-making in swing trading.
Westy and Blake are back with another episode of The Trade Off! Today, the talk is ATHs of a range of US equities and what's going on in China, Japan and the upcoming US elections and how they might affect traders. A smorgasboard of topics for y'all!
We reflect on the week that was and where the US equity markets stole the show, with new highs in the S&P500, and the NAS100 outperforming all major equity markets. A.I names went on a tear on Friday, where notably Nvidia, Broadcom and AMD felt the love. With 16% of the S&P500 market cap reporting this week, earnings and corporate outlooks will play a greater role...
It's the 100th episode of The Trade Off and oh boy, there's a lot going on. Westy and Blake catch up on almost a month of market moves and it's a doozy!
Macro (sentiment. Fed cuts, equity & USD), charts (H-Shares, BTC, USDJPY & DAX) and trade ideas.
Wyckoff principles guide market analysis, linking volume and price for smarter decisions (Composite Operator Strategies, Volume-Price Analysis), and spotting patterns for potential reversals and trends (Accumulation and Distribution Signatures).
The focus from broad market players has been in part on developments in the Red Sea, but also on Fed gov Waller speech at the Brookings Institute. As many have seen in the price action, the aggregate view is that Waller's comments were hawkish, although in essence that’s only relative to the lofty expectations of cuts priced into interest rate and US swaps pricing...
We move past the US CPI and PPI releases and the market has become even more convinced that the Fed’s easing cycle starts in March, with a 25bp cut priced for every meeting from this starting point. Yield curves are steepening (the US 2’s 30s curve is no longer inverted), driven by the short-end where US 2-year Treasury yields fell for six straight days, losing...
Analyzing volume profiles for precise entry and exit points in day trading. Exploring advanced volume indicators for short-term decisions and using order flow analysis to identify market sentiment shifts.
Just when you start to sense that risky assets (such as equity) may head into a more prolonged drawdown, with various Fed members talking about easier financial conditions subtracting the need to lower rates, we see a solid rally in the NAS100, US500 and US2000.
The NAS100 had its best day since 14 Nov, as tech led the way courtesy of Nvidia’s new product...
This came up in a conversation I had recently with a client, who asked if I agreed with the view that we’re in for another good year for equities based on the current median forecast of 4832 (source Bloomberg), with the range of 19 analyst calls set between 4200 to 5200.
For starters let’s revisit the 2023-year-end call on the S&P500 made back in Dec 2022, where...
Worlds collide in this special bonanza of The Trade Off! For the first time ever, we have Westy and Blake joind by TTO UK's Michael Brown (as well as special guest Tamas Szabo, our CEO!) for a quick retrospective of 2023 and a crystal ball gaze into 2024!
As many try to put reasoning to the perennial grind higher in US equity markets, one clear factor is that the market sees one major difference between 2023 and 2024 – the ‘Fed put’ has been reborn and the metaphorical safety blanket for risky assets is back in the mix.
Cast our minds back to January 2023, and investors were seeing inflation falling, with...
We roll past a huge week of event risk, and you can’t beat a surprisingly dovish-interpreted turn from the Fed to get risk pumping in markets – but that is what we saw, and it affected our trading environment greatly.
Perhaps things had gone too far with NY Fed President John Williams stepping in on Friday and pushing back, detailing it was “premature” to think...
