StellarCraig

StellarCraig

Fundas - So with the Dollar starting to show some strength towards the end of this week and no more major catalysts for the short term, bulls may be testing the waters from here. The main risk to the markets is the Syria situation, which seems to be clearing up, however weekend gap risk still remains if new information comes to light. Techs: I don't trust an...

StellarCraig Updated 

Fundas - I see the only near term possible catalysts for a gold breakout as a US stock market breakdown of February lows with force or a significant change in the tone on trade wars from China's President Xi ( as President Trump has already laid out his stance). Given Xi's amicable approach on Monday night it seems highly unlikely. I also anticipate a US stock...

StellarCraig Updated 

Fundas: The RBA has kept its stance unchanged for the past several quarters and the markets haven't had much to use to price the Aussie other than as an EM/commodity driven currency. Techs: This is more of a technical play than anything, I see a retrace in store here with sellers coming in every time the pair hits 1.8475 to 1.8500 zone (weekly res area). I am...

StellarCraig Updated 

Fundas: With geopolitical fears over the US government's stance on trade with NAFTA and China, fear remains in the market and the dollar which usually would act as a safe haven is at the centre of it all. There could be some selling in store. Euro bulls seem to be waiting for any reason to hit the buy button as Draghi and co draw out the QE reduction program....

StellarCraig

Sentiment: The US markets have been under pressure lately, especially Technology stocks. With fear rising about a potential Trade War between US and China, some profit taking off recent highs has persisted. Fundas - Tech stock fundas remain strong with FANNG and co continuing to anticipate higher earnings. This could be short term fear providing liquidity for...