US Stock Markets Showing Resilience
US markets are showing signs of resilience. Below are the daily charts of FXCM’s CFDs for the Dow Jones Industrial (US30), the S&P 500 (SPX500), and the Nasdaq (NAS100). Zone analysis indicates support
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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US markets are showing signs of resilience. Below are the daily charts of FXCM’s CFDs for the Dow Jones Industrial (US30), the S&P 500 (SPX500), and the Nasdaq (NAS100). Zone analysis indicates support
Startling satellite imagery shows a massive convoy of Russian military vehicles advancing towards Kyiv. The convoy is estimated to be 65 km long. The images are from Sunday or Monday, and given how fast things are changing on the ground, the convoy shape may have altered. Nevertheless, there is growing concern that Russia is preparing to launch a full-scale assault on the Ukrainian capital. Other satellite images suggest a military…
The charts below show the weekly time frames of both BTCUSD and ETHUSD. Each has charted a higher trough, but a higher peak is needed to fulfill an uptrend's requirements. To this end, we do note that each stochastic has turned up from below 20 (black ellipses). The bullish momentum may be mounting if they continue upwards and cross over their respective 50 levels.
In this article, we use two Bollinger bands and a stochastic as yardsticks to measure the progression of a bear market in the S&P 500. It is worth noting that the analysis will be subject to a time-period bias. We will be using the global financial crisis (GFC) to detail the measures and then apply them to current market conditions. Nevertheless, the inferences from the GFC will likely be helpful…
As Friday closed for trading, imposed sanctions seemed underwhelming. This tone changed on Saturday as some Russian Banks were excluded from SWIFT, and the Russian central bank was sanctioned. Geopolitical risks intensify as Russia continues its invasion of Ukraine. Wednesday and Thursday, Fed Chair Jerome Powell testifies before the House Financial Services and Senate Banking Committees. The RBA will announce its cash rate on Tuesday with no change expected, and…
Gold, being a haven and considered a store of value, maintains a bid as geopolitical tensions escalate following further sanctions on Russia.
Yesterday's price action sets up for potentially bullish "buy the dip" action today.
Immediate overhead resistance is currently keeping the dollar in check.
This escalation to military conflict has led to a risk-off sentiment in the financial markets.
The weekly charts below show the: * US02-Yr Treasury (top). * US10-Yr Treasury (middle). * 10/02 Yield curve (bottom). The spread between the 10/02 has declined to 0.371%. I.e., the yield curve has flattened remarkably since the middle of last year (red rectangle). The reason is the sharp increase in the US02-Yr (blue rectangle) vs. the shallower incline of the US10-Yr note (green rectangle). The steepness of the shorter maturity…
Oil Technicals Oil prices have appreciated as the tensions between Russia and Ukraine have intensified. The chart on the left below shows the USOil weekly heikin ashi chart. These candles are trend-following indicators and are trading in USOil's strength zone, between the upper blue and red bands. I.e., the two trend-following systems are reinforcing one another. The weekly RSI is within regular readings, implying that there is still potential scope…
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