Daily Market Bulletin – 9 March 2022
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
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Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
The hourly FXCM CFD for the Dow Jones Industrial Average (US30) contends with the overhead resistance confluence. The index is near 33,025, with the central pivot overlapping price resistance horizontal. The hourly trend following indicators have crossed positive, and the stochastic is making its way towards the 80+ areas. If the stochastic can maintain the upper quintile, an underlying bullish momentum may help lift the index.
This was a bad week for equities due the war in Ukraine, but besides that, we got many interesting corporate news that spanned from earnings, to delivery updates from Nio and Xpeng, Ford’s EV acceleration and other noteworthy developments
The hot Electric Vehicle (EV) start-up that focuses on trucks and SUVs, reports its financial results for the fourth quarter of 2021, on Thursday March 10 after the US markets close
The fact that the bears have not been able to take the US30 lower, given the invasion of Ukraine, and the emotion of fear associated with a risk-off sentiment, is intriguing. As such, we continue to monitor for bullish follow-through. A swing low will have charted if the price does take out last week's high. This appreciation would be considered a bullish development. However, caution will still be the order…
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
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
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…
Read the daily market update as we head towards the European open, to get some of the latest developments, main market moves and upcoming events
During the week of February 21-25 Australian firms like Qantas, Coles and Woolworths were in the spotlight. We also got results from some of the UK’s top banks, while Alibaba also released its latest financial Results
Yesterday's price action sets up for potentially bullish "buy the dip" action today.
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