Deutsche Bank saw a rather weak performance since June and was not able to maintain the positive trend of the first half of the year. I expect financials to perform well this week , after the sector also put in a positive performance yesterday. The US banking giants start the fiscal Q2 2021 earnings season today. The first are JPMorgan and investment banking...
Hello Traders hope everyone are fine. We see WTI prices in sideways movement (range $63.050 - $63.600) after oil prices hit a 13-month high on tighter supplies. The FED's assurance on ultra low rates, and the overall weakening USD also supports commodity prices . Oil prices see/saw additional support from the very rare winter storm in Texas which has caused the...
Wall Street and in particular the Nasdaq resumed its sell-off during the first half of the US trading session pressured by the continued weakness in high-flying tech names and the rising US Treasury yields. Better-than-expected job data and the outlook for more US fiscal stimulus stabilized markets now and pushed stocks that benefit from an economic reopening back...
Good day traders, We position us short in Chinese tech again. According to a contact of mine in Washington, the Biden administration plans to impose a Trump-era rule aimed at combating the rising importance of Chinese technology firms . The rule, that the Trump administration proposed in November, enables the Commerce Department to ban technology-related...
Hello traders, divergence on USD/JPY. I personally wait for a confirmation and go short. Happy trading.
Equity markets remain bearish from a technical perspective and most analysts were also expecting further losses on Monday. Instead, as we predicted, we see an improvement in risk sentiment , a decline in US Treasury yields from last week's highs, and a strong performance from Asian/European markets so far. We also see stocks mostly in the green in the pre-market...
Hey traders. The Asian session saw heavy losses after an overnight rise in bond yields which increased fear of yet another crash during the US session. Markets in China, Japan, South Korea lost more than 2% during their regular trading hours. I don't expect a sell-out across all sectors at Wall Street today (it will be more likely concentrated in "higher risk...
Although we see a broad rally today we see travel and small cap companies outperforming. Johnson & Johnson's COVID-19 vaccine was authorized for use in the US over the weekend. It is the third approved drug in the US, following the vaccines from Pfizer/BioNTech and Moderna. However, while the earlier two vaccines required two doses, the drug from J&J is a...
After a long fall, the price is at the support line of 1.64. This line was formed back in 2019! It has been around since the very beginning of the chart. Of course, there have been breakouts over the years, but the strength of the line has stopped the fall many times. I expect that the price will stop falling and start to grow. This is a very strong position to...
For EURUSD I see the price moving more to the upside. We are currently at a very strong level of Demand from where I do expect the market do go up. The possibility is still here to go more to the downside before the market will finally go up higher. Happy Trading:)
Thats my idea for this pair. We go short here.
Alright Traders, hope everyone are fine out there:) Price for gold has pullback to the support level . We are starting to see rejections there. It looks ready to go up now!
Alright Traders the pair is ranging in a beautiful up-trending channel. We are looking forward to buying the pair around this area and aiming for the upper boundary of the channel🙌🏻