BRIEFING Week #19 : Watch out for potential StimulusHere's your weekly update ! Brought to you each weekend with years of track-record history..
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SPX (S&P 500 Index)
R2F Weekly Analysis - 13th May 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. Without any prior preparations on the chart, I'm going to go through various pairs, and giving a real-time view of how I perform my analysis on the weekends before the new week. I'll give my take on what has been happening, and what i'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
If you are lazy to watch the video, which is your loss, the TLDR is that I am still bullish Dollar and waiting for the manipulation and reversal back to the upside, potentially this week with CPI/PPI/FOMC red folder news occurring. All my analysis of other pairs revolve around this.
I did not go to the sub 4H timeframe in this video, but how I do my analysis on the higher timeframes is the same as how I would look for entries on the lower timeframes. The only difference is that I would consider the ICT Killzones and weekday tendencies along my usual techniques.
Hit me up if you want to learn more or are struggling to find your footing and need help.
- R2F
COSTCO 820 Costco’s stock price has seen a significant increase recently, and there are several reasons behind this rise to $820:
Strong Sales Performance: Costco posted net sales of $19.8 billion for April, up 7.1% from $18.48 billion in the year-earlier period1. Net sales for the fiscal 35 weeks were $166.44 billion, up 7% from $155.62 billion a year earlier.
Shift in Consumer Behavior: Due to rising restaurant prices, many consumers are opting to buy groceries and cook at home instead. This shift in consumer behavior is benefiting grocery businesses like Costco.
Membership Model: Costco’s membership model is also a significant contributor to its success.
The warehouse club’s members pay $60 a year for a basic Gold membership or $120 for an Executive membership, which comes with 2% cash back up to $1,000.
Analyst Upgrades: After reviewing Costco’s strong April sales data, analysts have raised their price targets for the company. For instance, TheStreet Pro’s Chris Versace raised his price target on Costco to $830 from $800. Similarly, Loop Capital analysts raised the firm’s price target on Costco to $840 from $820.
Earnings Expectations: Costco is expected to report earnings on May 30, 2024, for the fiscal quarter ending May 2024. The consensus EPS forecast for the quarter is $3.69, which is higher than the reported EPS for the same quarter last year ($3.43). This positive earnings expectation could also be driving the stock price up.
BABA GO UP AFTER EARNINGS ? $89.94Unpacking Alibaba’s Stock Rise to $89.94
Alibaba, the multinational conglomerate specializing in e-commerce, retail, internet, and technology, has seen its stock price climb to $89.94. This significant increase is a result of a multitude of factors that have positively influenced the company’s valuation.
Earnings Performance: Alibaba has been reporting solid earnings, which have exceeded market expectations. This strong financial performance has been a key driver in boosting investor confidence and, consequently, the stock price.
Market Position: Alibaba’s dominant position in the Chinese and global e-commerce market has played a crucial role in its stock performance. The company’s vast user base and extensive product offerings have made it a formidable player in the industry.
Diversification: Alibaba’s diversification into various sectors such as cloud computing, digital media, and entertainment has opened up new revenue streams, contributing to its financial growth and stock price increase.
Innovation: The company’s continuous investment in innovation and technology has kept it at the forefront of the digital economy. This commitment to innovation has not only enhanced its product offerings but also improved operational efficiency.
Regulatory Environment: Despite the regulatory challenges, Alibaba has managed to navigate the landscape effectively. The company’s ability to adapt to regulatory changes has been viewed positively by investors.
In conclusion, Alibaba’s rise to a stock price of $89.94 can be attributed to its strong earnings performance, dominant market position, diversification strategy, commitment to innovation, and effective navigation of the regulatory environment. These factors collectively contribute to the company’s robust financial health and promising growth prospects. As Alibaba continues to build on these strengths, it is well-positioned for future success.
Trading Plan for Friday, May 10th, 2024Trading Plan for Friday, May 10th, 2024
Market Sentiment: Bullish, but with a cautious undertone after a significant multi-day rally. Expect potential profit-taking and a reduction in aggressive buying activity. A period of consolidation is highly likely.
Key Supports
Immediate Supports: 5235-37, 5228, 5209 (major), 5203 (major)
Major Supports: 5177-79 (major), 5155 (major), 5120 (major)
Key Resistances
Near-term Resistance: 5246 (major), 5268-72 (major)
Major Resistances: 5302 (major), 5326-28 (major), 5395 (major)
Trading Strategy
Capital Preservation Focus: After a strong multi-day rally, prioritize protecting your gains. Adopt a defensive posture and consider reducing position sizes.
Limited Long Opportunities: Due to the overbought conditions and the potential for a pullback, look for very selective long entries if at all. Focus on failed breakdowns at 5228 or 5203 for potential long entries. In the event of a deeper pullback, consider buying dips at major support levels, with 5209 or failed breakdowns at 5203 offering potential opportunities.
Short Opportunities: While your personal trading rules discourage shorting green candles and breaking trends, monitor back-tests of 5246 and 5268-72 for potential short entries with tight stop losses. Proceed with extreme caution.
Focus on Levels and Patience: Trade the provided support and resistance levels with strict discipline. Let price action develop, be patient, avoid emotional trading, and prioritize minimizing risk exposure.
Bull Case
Holding Support: Defending the 5203-5209 zone remains crucial for sustaining bullish momentum. Holding above this level would indicate a continuation of the breakout, targeting 5246, then 5268-72.
Ultra Bullish Scenario (Unlikely): A parabolic move overnight pushing through 5246 would be required for a continuation without a proper dip. Monitor overnight basing above 5228 and below 5246 for clues about strength.
Bear Case
Breakdown Signals: A convincing break below 5203 would signal a potential pullback and retest of lower supports. Monitor bounces/failed breakdowns at 5228 or 5203 for potential short entries.
News: Top Stories for May 10th, 2024
Global Stock Market Trends:
U.S. Market Performance: Modest gains seen in U.S. stock indices, reflecting optimism despite mixed April performance.
European and Asian Market Dynamics: Positive movements noted in European and Asian markets, driven by solid economic data and central bank easing.
Impact of Economic Indicators: U.S. labor market easing influences market expectations regarding potential rate cuts.
Sector-Specific Movements: Technology sector experiences volatility, while energy sector sees potential stabilization.
Investor Sentiment and Future Outlook: Cautious optimism prevails amid anticipation of rate cuts and easing inflation, alongside geopolitical risks and trade negotiations.
Assessment of Inflation and Interest Rate Policies:
Global Inflation Trends: Persistent inflationary pressures challenge central banks' efforts to meet targets.
Central Banks' Stance: Cautious approach towards interest rate adjustments observed globally.
Economic Implications: High interest rates may slow down consumer spending and business investments.
Inflation Expectations and Future Policies: Central banks closely monitor inflation expectations to inform future policy decisions.
Impact on Global Economic Stability:
Corporate Financial Developments and Deals: Companies announce financial results and engage in strategic transactions, reflecting market dynamics and regulatory changes.
Forward-Looking Corporate Statements: Companies adjust strategies to navigate current market conditions and regulatory environments effectively.
S&P Bulls prove their controlThe strong close last week indicates a shift in control to the buyers. They managed to close above the previous week’s high, establishing a weekly higher low and confirming the daily uptrend. Currently, the bulls have control across all key timeframes: the price is trending upward on the hourly, daily, weekly, and monthly charts. The only challenge they face is on the monthly timeframe, where bears have initiated consolidation; however, this is not a critical issue.
It's plausible that the bulls might either retrace the entire bearish wave or, more likely, close May as an inside bar, setting a price equilibrium that could persist throughout the summer. Given this scenario, the current position might not be ideal for a long entry since we are in the middle of April’s range. If you're considering buying, it would be wiser to wait for a pullback that could provide a more favorable opportunity.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
SPX500 approaching overhead resistanceThe SPX500 has moved into an area where there is overhead resistance. If the short-term momentum holds with the stochastic remaining in its upper quartile, the index should overcome the resistance. However, a swift turnaround in the stochastic will see the overhead resistance holding out.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Trading Plan for Thursday, May 9th, 2024Trading Plan for Thursday, May 9th, 2024
Market Sentiment: Bullish, but with increasing uncertainty as the market enters a consolidation phase. Expect choppy trading within a defined range. Prioritize patience and focus on level-to-level scalping for small gains.
Key Supports
Immediate Supports: 5203, 5194 (major)
Major Supports: 5177 (major), 5155 (major), 5131-36 (major)
Key Resistances
Near-term Resistance: 5213 (major), 5219 (major), 5229-33 (major)
Major Resistances: 5246 (major), 5263-66 (major)
Trading Strategy
Consolidation Mode: Recognize that the market has shifted from a strong trending environment to a choppy consolidation phase. Adapt your trading strategy accordingly, focusing on small gains and disciplined risk management.
Long Opportunities: Focus on failed breakdowns at 5203 or 5194 for long entries. In the event of a deeper pullback, consider buying the retests of the 5177, 5155, and 5131-36 breakout zone or knife-catches for quick scalps.
Short Opportunities: Due to the bullish trend and the inherent risk of shorting against strength in a bull market, avoid aggressive short positions. Monitor back-tests of 5229-33 or 5263-66 for potential short entries, targeting level-to-level profits.
Focus on Levels and Patience: Trade the provided support and resistance levels with strict discipline. Let price action develop, be patient, and avoid emotional trading. Overtrading within a tight range can lead to losses.
Bull Case
Holding Support: Defending the 5194 level and ideally the 5131-36 breakout zone remains crucial for maintaining bullish momentum. Holding above the lower range boundary would indicate a healthy consolidation and base for potential continuation higher.
Base Building and Rebound: A period of consolidation within the 5194-5219 range followed by a rebound off the lower zone would set the stage for further advances, targeting 5229-33, 5246, then 5263-66.
Bear Case
Breakdown Signals: A convincing break below 5194, more significantly below 5177 would signal a deeper pullback and a potential retest of the 5131-36 breakout zone. Monitor bounces/failed breakdowns at these levels for potential short entries.
News: Top Stories for May 9th, 2024
Global Stock Market Trends:
Varied Performance: Mixed responses observed in Asian markets; Wall Street experiences second consecutive day of lull.
Influence of Geopolitical Events: Ongoing geopolitical tensions impact investor confidence and market stability.
Recovery Post-COVID-19: Economic recovery contributes to increased positive correlation among global stock markets.
Technological Advancements and Stock Market Analysis:
Complex Network Analysis: Studies highlight increased interconnectedness among global stock markets.
Geopolitical Impact: Geopolitical unrest continues to pose risks, affecting capital flows and commodity markets.
Future Outlook: Predicted trends focus on sustained recovery and nuanced understanding of market interdependencies.
Overview of International Trade and Currency Fluctuations:
Currency Fluctuation Dynamics: Currency values influence international trade competitiveness and economic policies.
Role of Economic Indicators: Inflation rates, interest rates, and GDP growth significantly affect currency valuation.
Risk Management Strategies: Businesses employ hedging strategies to mitigate currency fluctuation risks.
Government Policies: Monetary and fiscal policies play crucial roles in stabilizing currency values.
Impact of Central Banks' Policies on Global Economy:
Economic Stabilization: Central banks manipulate monetary policies to address economic fluctuations and crises.
Influence on Inflation and Interest Rates: Adjustments in interest rates affect global economic conditions.
Effects on Financial Markets: Central bank policies directly impact asset prices and investment flows.
Response to Economic Shocks: Central banks provide monetary lifelines during economic crises to stabilize financial systems.
Pre-Market Analysis: May 9th, 2024 $ES & $SPYMarket Observations:
The S&P 500 futures NYSE:ES and S&P 500 ETF AMEX:SPY have consolidated with low volume over the past two days.
Trading Strategy:
Given the current range-bound price action, I am not actively seeking trades around the 5200-5210 level.
Instead, I am looking for a breakout from this range accompanied by increased volume to establish a directional trend.
Bullish Scenario:
A sustained breakout above 5210 suggests a potential rally towards 5240.
Entry: Long after a pullback that finds support above 5210.
Note: Short positions may be considered if weakness emerges around 5210.
Bearish Scenario:
A sustained break below 5200 could lead to a decline towards 5180 and potentially 5150.
Given the recent buying pressure, this decline would likely be swift.
Entry: Short positions may be considered, but with limited size due to the potential for quick reversals.
Overall:
This analysis provides a framework for potential trading opportunities based on the current market conditions.
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Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
SP500 Mid term planOur friend Fibonacci is showing up a possible next move for SPX. Actually is ranging exactly on the 1.618 level of the last leg, and usually this level to a retrace till the level 1. There we could probably see a reversal that could lead the price into the resistance area at 5250, but it's probably too early for that
SPX Is Very Bearish! Sell!
Please, check our technical outlook for SPX.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 5187.64.
The above observations make me that the market will inevitably achieve 5061.15 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
S&P500: Bullish trend confirmed.S&P500 has turned bullish on the 1D timeframe (RSI = 58.980, MACD = 2.870, ADX = 28.757) as today it is trading and will most likely close over the 1D MA50 for the third day in a row. Having crossed over the LH, the index has invalidated the bearish sentiment of April and a new Channel up is emerging. If it capitalizes on the 1D MACD Bullish Cross, we expect the 1D MA50 to hold from now on as the medium term Support, just like the 1D MA100 held on the April 19th bottom. Buy and target the R1 level on the short term (TP = 5,275).
See how our prior idea has worked out:
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Trading Plan for Wednesday, May 8th, 2024Trading Plan for Wednesday, May 8th, 2024
Market Sentiment: Bullish, but increasingly cautious in the overbought market. Consolidation is ongoing, and a deeper pullback is likely before further advances. Maintain disciplined risk management.
Key Supports
Immediate Supports: 5209 (major), 5202, 5188-91 (major)
Major Supports: 5143-36 (major), 5067-69 (major),
Key Resistances
Near-term Resistance: 5224 (major), 5246 (major), 5265-70 (major)
Major Resistances: 5302-06 (major), 5328-30 (major)
Trading Strategy
Post-Breakout Dip Anticipated: The market is overdue for a healthy pullback after the recent strong surge.
Long Opportunities: Focus on failed breakdowns at 5202 or 5188-91 for long entries. In the event of a deeper pullback, consider buying the retest of the breakout zone at 5143-36 or knife-catches at 5168 for quick scalps.
Short Opportunities: Look for back-tests of 5246 or 5265-70 for short entries, targeting level-to-level profits. Proceed with extreme caution and be ready to cut losses quickly. Remember, shorting against strength in a bull market is inherently risky.
Focus on Levels and Patience: Trade the provided support and resistance levels rigorously. Let price action develop, be patient, and avoid emotional trading.
Bull Case
Holding Support: Defending the 5143-36 breakout zone remains crucial for maintaining bullish momentum. Holding above this level would indicate a healthy dip and a potential continuation higher.
Rebase and Bounce: A period of consolidation around 5190-5224 and a rebound off these supports would set the stage for further advances, potentially targeting 5246, then 5265-70.
Bear Case
Breakdown Signals: A convincing break below 5188-91 would signal a potential pullback and could lead to a retest of the 5143-36 breakout zone. Monitor bounces/failed breakdowns at these levels for potential short entries.
News: Top Stories for May 8th, 2024
Global Stock Market Trends:
Varied Performance: Asian markets show resilience despite Nikkei 225 drop, influenced by mixed corporate news.
U.S. Economic Indicators: U.S. jobs report and Fed's interest rate decisions continue to influence global markets positively.
Geopolitical Tensions: Market responses to geopolitical unrest remain muted, highlighting diversified global economies' resilience.
Company Earnings and Forecasts:
Earnings Performance: Uber reports Q1 loss; Thomson Reuters shows strong revenue growth.
Financial Forecasts: Taboola expects significant YoY growth; Thomson Reuters adjusts full-year outlook.
Sector-Specific Insights: Technology and financial services sectors demonstrate strong growth potential despite operational losses.
Analysts' Perspectives:
Setting Market Expectations: Analysts forecast earnings based on economic indicators, trends, and company guidance.
Implications for Investors: Earnings reports influence market sentiment and investor confidence, impacting stock prices.
Impact on Currency Values:
Political Events: Geopolitical tensions historically impact currency fluctuations, yet recent responses remain subdued, reflecting diversified global markets' resilience.
SPX500 Potential Dip in UptrendThe SPX500 daily chart has a positivity associated with it. However, the hourly chart has pulled back to the point that is tending towards oversold. This may set up a potential "dip in the uptrend" scenario.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
ES1 Update Daily weekly long. Hourly flat as a pancake.
This could be start of primary wave 2 of 5 or we will have a blow off top continued.
Watch 10yr data tomorrow around lunch.
I’ll update when I can.
Bullish anywhere above $5199.25. Bearish below to $5100.75
Remember big expiration next week on the 17th.
SP500 in the hammer zoneSP500 reached a strong reversal area where price reacted in the previous week. I was expecting a little pump in my previous ideas, and honestly i wasn't expecting it to rise so much. But i am holding my short trades and i am adding more here, consider i expect a selloff this month. First target the support zone at 4990
Trading Plan for Tuesday, May 7th, 2024Trading Plan for Tuesday, May 7th, 2024
Market Sentiment: Bullish, but increasingly cautious following a strong breakout. The RSI is deeply overbought, increasing the risk of sudden pullbacks. Proceed with heightened awareness of volatility.
Key Supports
Immediate Supports: 5186-88 (major), 5163 (major)
Major Supports: 5144-46 (major), 5060-65 (major)
Key Resistances
Near-term Resistance: 5214-5218 (major), 5246-50 (major)
Major Resistances: 5272 (major), 5302-04 (major)
Trading Strategy
Post-Breakout Cautiousness: The market is in overbought territory following today's strong surge. Prioritize capital preservation and maintain disciplined risk management. Avoid chasing longs or aggressively shorting against strength.
Long Opportunities: Due to the overbought conditions, focus on failed breakdowns at 5186-88 or ideally 5144-46 for long entries. In the event of a deeper dip, consider knife-catches at 5163 for quick scalps.
Short Opportunities: Look for back-tests of 5214-5218, 5246-50, or potentially 5272 for short entries, targeting level-to-level profits. Proceed with extreme caution and be ready to cut losses quickly.
Focus on Levels and Patience: Trade the provided support and resistance levels rigorously. Let price action develop, be patient, and avoid emotional trading.
Bull Case
Holding Support: Defending the 5144-46 breakout zone remains crucial for bulls. Holding above this level would indicate a healthy dip and a potential continuation higher.
Consolidation and Bounce: A period of consolidation and a rebound off 5186-88 or 5144-46 would set the stage for further advances, potentially targeting 5214-18, then 5246-50.
Bear Case
Breakdown Signals: A convincing break below 5186-88 would signal a potential pullback and could lead to a retest of the 5144-46 breakout zone. A breach of 5144-46 would be a more significant bearish development. Monitor bounces/failed breakdowns at these levels for potential short entries.
News: Top Stories for May 7th, 2024
Federal Reserve's Influence:
Interest Rate Decision: Fed keeps rates steady at 5.25% to 5.5% for the sixth consecutive meeting, reflecting concerns about inflation and labor market conditions.
April 2024 Jobs Report: Economy adds 175,000 jobs in April, below expectations, potentially alleviating inflation pressures.
Commercial Real Estate Midyear Outlook: Despite high-interest rates, commercial real estate sectors show resilience, suggesting less sensitivity to monetary policy.
Global Economic Growth Forecasts: World Bank and OECD predict below-average global GDP growth for 2024, influencing market sentiments and central bank policies.
Impact on Market Dynamics:
Bond and Equity Markets: Higher rates increase Treasury yields, shifting investor preference towards bonds and contributing to equity market volatility.
Housing Market Effects: Housing prices respond swiftly to policy adjustments, driven by changes in mortgage rates, impacting affordability and market health.
Influence on International Trade: Stronger dollar affects trade balance by making exports costlier and imports cheaper, potentially moderating domestic inflation.
Future Outlook:
Market sentiment remains cautious, with analysts not expecting rate cuts until at least 2025 if inflation persists, influencing investment and consumer behaviors.
SPX500 Moves Overbought on Hourly ChartThe hourly chart is showing signs of froth, which may result in a short-term pull back.
However, the daily chart is showing positive momentum.
Therefore a short-term pullback may make the support areas compelling.
This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”).
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com) :
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com) :
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy.
Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.