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Yesterday's price action sets up for potentially bullish "buy the dip" action today.
This escalation to military conflict has led to a risk-off sentiment in the financial markets.
Longer-term charts The below show the daily charts of FXCM's CFDs for the DJI (US30), SPX (SPX500), and the NDX (NAS100). The US30 is on the left, the SPX500 in the middle, and the NAS100 on the right. All three indexes are trading in their respective weak areas, between the lower blue and lower red bands. The prevailing reason is a general risk-off sentiment due to the tensions between Russia…
The top chart below is the monthly relative strength of FXCM's CFDs for the DJI and NDX, i.e., US30/NAS100 (RS). The analysis starting point is at the dashed red vertical line dated 02 September 2002. The middle chart shows the RSI for the RS. Finally, the bottom chart is the US 10-Yr Treasury note with a 12-month simple moving average overlay. There are several observations to be made: * The…
During the week of February 7-11, we saw a big number of companies reporting their financial results, not only from the US, but form Europe as well. Disney and its DisneyPlus streaming service, was probably the main focal point
US Consumer Price Index (CPI) surged to the highest levels since 1982 in January, as Thursday’s data showed, leading to aggressive rate hike pricing and sending Wall Street lower
Inflation in the United States continues to run hot, as today’s January Consumer Price Index figures showed another jump
The US index is having another good week and today it remains in a lively mood, ahead of key earnings
The approximately $40 billion potentially industry-changing deal fell through, as it faced multiple regulatory hurdles in various jurisdictions
The Walt Disney Company announces its financial results for the first fiscal quarter of 2022, after the close of regular trading on Wednesday February 9, 2022, with fresh DisneyPlus subscriber figures in the spotlight
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