GhostSquawk

GhostSquawk

The crypto market the end of the day soared by 10% in a few hours last week. The increase was not prevented even by strong data on the US labor market, which came out a couple of hours before the jump. It is worth noting that the NFP can force the Fed to move faster to tighten monetary policy. Against this background, the yield of 10-year Treasuries jumped above...

GhostSquawk

The oil market finally broke and clear $88 price handle and has settle in the 93 handles last week before given back some in the overnight trading session. As this point, oil looks to be on an overextended bull run and could go either way. Because of the potential breakout of war between Russia and Ukraine, oil will be a highly sensitive asset and could experience...

GhostSquawk

Its interesting to note that we got 2 squeezes on gold to the downside that was bought up quickly in the market on Thursday and Friday of last week with the U-turn taking place at 1788 and 1792 respectively. This suggests that is appetite for safe haven at these prices and buyers quickly came in to buy up anything that was below 1800's before driving that price...

GhostSquawk

The dollar has been an interest asset to watch after the release of the surprisingly strong NFP report which suggest to us that if it cant rally on strong data, then its likely to see more selling to come on sentiment shifts in the market. With that being said, watch out for risk tone this morning as more downside pressuring in the dollar index should give a boost...

GhostSquawk

The stock market may be confused as to way to do when the data for employment surprises to the upside in this environment but the bond market didnt! The collapse of the 10 year treasury note through that key 1.90% yield mark was a strong sign that the market believes the odds of rate hikes are coming. With that being said, the next ideal target for the Treasury...

GhostSquawk

The SP500 experience a wild ride on Friday after the release of the NFP report. We saw large volatility with about a 100 point swing on that day only to settle roughly neutral at the close. Going forth into this morning European trading session, we can see that the market still doesnt know what to make of this as volatility thus far has been confine to a tight 30...

GhostSquawk

Gold is traditionally very volatile during the release of NFP and with yesterdays short squeeze /recovery on gold, we are fairly confident that there is more upside move for this risk asset. levels for upside target on gold can be found at 1817 and 1826. If we are wrong on our predicting and gold drops than targets tot he downside will be found at 1808, 1800's and 1789.

GhostSquawk

Dollar index looking weak on the heels of a Hawkish ECB from yesterday causing a large selloff that took us below the FOMC lows and settling in at 95.12. If further weakness in the dollar persist watch out for the intraday low, 94.95 and 94.65 for downside targets. If the dollar catches a bid this morning watch out for 95.57 and 95.90 to the upside.

GhostSquawk

The 10 year T-Note is still experience more downside pressure as investors begin to price in the odds of 25 or 50 basis hike for the upcoming FED meeting in March. The technical bear wedge on the chart has continue to respect the recent down trend line while seller aim for the key 128.10 area. A break to the downside would see the next target at 127.75 or at 2%...

GhostSquawk

Sp500 is going to be hyper volatile in the premarket trading session and can typically move 1.5-2 standard deviations from average daily ranges as the NFP report is expected to be release at 8:30am EST. Despite the late day rally due to the positive Amazon earnings result, the future markets has pulled back in the European trading session and have created a new...

GhostSquawk

As we mentioned yesterday, everyday and their shiba can see the key down trend line resistance on bitcoin. That trendline serve as confirmation that the market is not ready for the next bull run until we clearly break that level and trade above it on the daily candle. For today, levels to keep an eye on would be at 36125 and 35420 to the downside while on the...

GhostSquawk

We briefly traded at the 90 handle in yesterdays session in the crude oil market but it was shorted lived as sellers push the price back down. However, we only moved back lower in to the Point of Control at $87. This new value zone is a strong sign that the oil market is bullish as we consolidate at the upper bound of an extended bull run started back in December....

GhostSquawk

As we mentioned yesterday, the 1800's zone will a key support area for buyers to accumulate while the intraday resistance as around 1808. The price action on gold respected both those levels in the previous trading session and will continue to profit key price levels for todays trading session. If we finally get a break of 1808, we will likely try to test 1817 on...

GhostSquawk

The dollar index has found a bottom at the FOMC lows from last week and catch a bit of a bounce yesterday taking us back up to the 23% fib level. Currently, we are seeing sideways price action and looking for confirmation of a directional bias. Sentiment seems to be neutral this morning and so the key levels for the upside would be 96.30 and 9650, while the...

GhostSquawk

We pointed this out yesterday on the chart for the treasury note as there was a clear down trend resistance being formed in the price action. We still are confined to that same technical setup with the volatility tightening up leading into Fridays NFP report. The levels to watch out for be 128.10 and the key support at 127.75 to the downside and on the upside,...

GhostSquawk

The sp500 took a tumble in the after hour sessions with the release of the negative Facebook earnings helping to drag the index down yesterday. As of now, we are currently range bound between to distinct fib levels that also serve as the previous days highs and lows. With that given us reference points for todays trading sessions, we can look to the 4590 and 4620...

GhostSquawk

Everybody and their dog can see that bitcoin has been finding resistance at the key down trendline. As of now, bulls will be looking for a break of the trendline to start accumulating for the potential next bull cycle. However, if we cannot break that zone, we will be in for prolong periods of further weakness. A breakout is immanent!

GhostSquawk

Oil market has been a fire since break multi year highs and consolidating just below $90. We a speak now, the market is trading above the 90 handle. We see more momentum for crude oil has geopolitical tension and supply crunch impacts the crude oil market. Watch for the next level on crude oil at 92.50 to the upside.