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Market Clues: Congestion and Breakout Gaps
By
Soultrader, in E-mini Futures
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Topics
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Posts
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By Stocks4life · Posted
LLY Lilly stock bull flag breakout watch above 818.53, https://stockconsultant.com/?LLY -
By Stocks4life · Posted
GKOS Glaukos stock narrow range breakout watch, https://stockconsultant.com/?GKOS -
By Stocks4life · Posted
AMZN Amazon stock back to 181.72 support area with bullish stats, https://stockconsultant.com/?AMZN -
By HFblogNews · Posted
Date: 30th May 2024. Market News – Yields jump; Stocks under pressure. Economic Indicators & Central Banks: The FOMC’s high-for-longer stance, along with some increasing fears of a rate hike, continue to weigh on Treasuries. That’s taking a toll on Wall Street too with profit taking from recent record highs knocking stocks down further. There was weakness in EGBs after stronger German inflation and wage data. US Yields have risen since the market breathed a sigh of relief after cooler CPI and retail sales, and are back near the highs since November. Global equities are headed for their worst week since mid-April. In New Zealand, the new government delivered on its election promise to cut taxes in its first budget even as the Treasury forecast bigger deficits and a delayed return to surplus. Asian & European Open: Wall Street dropped, led by the Dow’s -1.06% decline. The S&P500 declined -0.74%, with the NASDAQ -0.58% lower. Several earnings reports have been less than stellar as well. Salesforce disappointed today, while HP beat. Meanwhile, retailers are coming into the spotlight and there are fears of weakness. Financial Markets Performance: The USDIndex has been benefiting from the hawkish outlooks. It has bounced back over 105. The USDJPY fell, with the Yen advancing after weakening to beyond 157.50 on Wednesday, falling through a level that had prompted the latest round of suspected action. The Rand extended losses as South Africa’s election vote count gathers pace. Gold and Oil steadied. USOIL is well below the week’s high however it has been ranging since yesterday afternoon as traders look to US stockpile data later today and an OPEC+ meeting at the weekend for more clarity on the supply and demand outlook. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
By HFblogNews · Posted
Date: 29th May 2024. Market News – Stocks drop with bonds.Economic Indicators & Central Banks: The NASDAQ was the star as the markets, of it rallied 0.59% to close at 17,019.88 for a fresh record high. And it is its first time over the 17,000 level. A 7% pop from Nvidia supported. Fed Kashkari said he wants to see “many more months” of positive inflation data before a rate cut. German GfK consumer confidence improves further. All signs are that consumption trends should improve with the rise in real-disposable income as falling inflation, rising wages and the prospect of rate cuts boost sentiment. US consumer confidence beat assumptions. Confidence has displayed only a slight updraft since mid-2022, after a prior deterioration from mid-2021 peaks. Asian & European Open: European & US stocks slipped earlier today against a backdrop of rising government bond yields. DAX fell 0.2% and FTSE lost 0.06%. Traders are pricing in that the ECB will lower its deposit rate when policymakers meet next week. Asia stock market dipped as Chinese tech and property companies declined. The Hang Seng Tech index shed 2.3%. Financial Markets Performance: The USDIndex is steady and Treasury yields also held firm ahead of key inflation data, which could offer more clarity on the Fed rate trajectory. The USDJPY fell to 156.88 nearing levels that prompted suspected interventions by Tokyo in late April and early May. Currently rebounded again above 157. Japanese officials might issue verbal warnings again, but without tangible action, the USDJPY could march towards late April levels The EURUSD dipped to 1.0830 but still marked its first monthly gain in 2024. Meanwhile, the GBPUSD was last at 1.2760. Gold steadied at $2350 per ounce as markets wait for key US PCE numbers at the end of the week. Bullion hit a record high early last week, only to post the sharpest weekly correction this year as the Fed reiterated the “high-for-longer” message. Oil broke the $80 barrier as Middle East tensions have picked up again. Markets are now looking ahead to the release of key US inflation data and the OPEC+ meeting on June 2. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HFM Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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