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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.