S&P 500 Holds Support, Builds Wedge Ahead of OpEx
The S&P 500 continues to operate within prior structure and tomorrow brings monthly options expiration which can spell more volatility.
The S&P 500 continues to operate within prior structure and tomorrow brings monthly options expiration which can spell more volatility.
Bitcoin (BTC) has been trading sideways while Ethereum temporarily dips below $1200. As Litecoin gains over 5%, last week’s brutal sell-off has eased.
A soft PPI report gave bulls hope on inflation trends as short-term breakouts in the S&P and Nasdaq continued. The Dow is working very near a spot of long-term resistance.
The UK government announced measures to lessen the burden of soaring inflation which is to be financed via increased taxes for wealthier individuals and energy companies
The final Euro Area inflation release showed headline price pressures in double-figures, albeit a fraction lower than originally forecast. EUR/USD’s battle with the 200-day moving average continues.
Spot gold’s recent rally appears to have run out of steam as markets shift between risk-on and risk-off sentiment. A test of $1800 remains a possibility.
Brent crude unmoved today but rising wedge breakout potential looms, exposing further downside.
The Euro backed away from resistance against the US Dollar as Fed commentary appears to be less one directional ahead of US PPI. If US-China relations improve, where to for EUR/USD?
The Nasdaq 100 slipped overnight after solid retail sales data that saw long-end Treasury yields move lower again to invert the curve. What is that saying about NDX?
AUD/USD looked past a solid October Australian jobs report. Sentiment remains a key driver for the Australian Dollar after a Doji candlestick showed signs of indecision.