Market Analysis Archives

Equities rally continues, but the warning signs over US China relations are growing

Market Overview A remarkable breakout rally continues on equities, however it is interesting to see slightly more of a cautious outlook beginning to develop across other areas of major markets.

Thursday 28th May: Technical Outlook and Review

Key risk events today: New Zealand ANZ Business Confidence; Australia Private Capital Expenditure q/q; US Prelim GDP q/q; US Core Durable Goods Orders m/m; US Durable Goods Orders m/m; US Unemployment Claims; US Pending Home Sales m/m.

Trade of the Day: EUR/CHF

By: Dima Chernovolov EUR/CHF continues to rise inside the 4-hour Rising Wedge chart pattern which was previously identified by Autochartist.

Concern over US sanctions on China begin to weigh on the breakout

Market Overview As has so often been the case in recent weeks, unrestrained hope of economic recovery that comes with a vaccine is short-lived.

Wednesday 27th May: Technical Outlook and Review

Key risk events today: ECB President Lagarde Speaks.

Trade of the Day: NZD/JPY

By: Dima Chernovolov NZD/JPY continues to rise after the earlier breakout of the daily Triangle chart pattern which was previously identified by Autochartist.

Vaccine hopes and further lockdown easing improve sentiment, but for how long?

Market Overview There seems to be a number of factors on rotation which depending upon the latest newsflow will result in the set up for market sentiment on any given day.

Tuesday 26th May: Technical Outlook and Review

Key risk events today: ECB Financial Stability Review; US CB Consumer Confidence; US New Home Sales; BoC Governor Poloz Speaks; RBNZ Financial Stability Report.

Trade of the Day: USD/CHF

By: Dima Chernovolov USD/CHF continues to rise inside the daily Triangle chart pattern which was previously identified by Autochartist.

Monday 25th May: Weekly Technical Outlook and Review

Key risk events today: Limited. (Previous analysis as well as outside sources – italics).

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