Weekly roundup: tension in Hong Kong shakes shares
Protests in Hong Kong have led to some nervousness for shares so far today. Meanwhile the euro has made strong gains in most of its pairs this week.
Month: May 2020
Technical analysis of US30
US30 like many other major indices has shown strength since the middle of April. It’s still quite far off February’s highs, though. This post looks at some areas of importance for the week ahead.
Tips for traders, 26 May 2020
Despite gradual reopening of the American economy, unemployment remains very high. Central banks around the world are expected to keep cutting rates and introduce more easing.
Weekly data preview: GDP around the world
The key focus of economic data this week is GDP from the USA on Thursday and Canada on Friday. Today’s preview looks at the figures set to move EUR-JPY, GBP-CAD and USD-THB.
Technical analysis of BTC-USD
Bitcoin seems to have met a strong resistance slightly below $10,000. Check out today’s TA for a summary of the signals from indicators, futures and volumes.
Tips for traders, 19 May 2020
With economies in more and more regions around the world reopening in the last two weeks, the wheels seem to roll again. They’re slower than before but at least they’re not idle.
Macro technical analysis of USOIL
Some positivity has returned for oil as countries gradually exit lockdowns and stocks of crude have dropped in the USA. This TA looks at the daily chart of USOIL compared with futures and the general level of contango.
Weekly data preview: more stimulus in view from the Fed
With more easing likely over the next few weeks, tomorrow’s key data are claimant count change and ZEW sentiment. Gold has also made new highs in early trading.
Tips for traders, 14 May 2020
Higher volatility this week in some markets has brought short-term trading of indices back into vogue. Read today’s post for more tips for surfing current markets.
Technical analysis of USOIL
Yesterday’s release from the EIA indicated the first drop in American crude stocks since January. This TA looks at possibilities for USOIL over the next few days.