Hey traders,
Last week FED signaled it can stay on hold for a longer period, and then we also got the 150k NFP figures, which was a miss compared to 178k forecast. It is also a much lower number compared to 297k which was in fact revised down from 336K. Also Non-Manufacturing PMI came out 51.8 vs 53.0. So all of this suggests that yields may have toped and that they can be even going lower from here, so USD is down as it should be, while stocks are recovering.
In this webinar I will give you a free update on plenty of markets. If you will love the video, make sure to leave us a commentary and smash that LIKE button, please. Thx for watching!
Best regards,
Grega
Key Economic Data:
Tuesday
AUD RBA Rate Decision 25bp increase is expected
Wednesday
NZD Inflation Expectations q/q
Fed Chair Powell Speaks
Thursday:
China CPI
Friday:
UK GDP
ECB President Speaks
Coverage in webinar:
10 years Notes- resistance at least short.term
EEM (emerging markets) no labels firsdt, then vs dxy inverted
DXY (dollar index)
EURUSD (if dollar turns up, short eur the best choice) bullish short-term anyhow
GBPUSD (BoE rates unchanged)
AUDUSD RBA Rate Decision 25bp increase is expected
EURAUD
GBPAUD (neckline stops)
EURGBP
USDJPY BOJ can stick to current policy longer than we think, but if US yields will come down, USDJPY can still find some sellers.
USDMXN
Commodity Markets:
Crude Oil
GOLD
SILVER
Stock Markets:
DAX
S&P 500
Cryptocurrency Markets:
crypto evidence (total cap)
btc vs others
Bitcoin (BTC)
Ethereum (ETH)
Ripple (XRP)
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Emerging Markets Show A Completed Correction Within Uptrend. Check our blog HERE.