US stocks, gold extend recovery

  • SPX500_m returns above 4,400
     
  • Big Tech rebound helps S&P 500 pare biggest weekly drop since March
     
  • Gold resurfaces above $1900 after hitting 5-month low
     
  • Higher Treasury yields should be headwind for stocks, gold
     
  • Look out for Nvidia earnings, Powell's speech this week

 

US stock futures are building on Monday's gains, after a strong rebound in technology stocks.

S&P 500 Gold Bullion Treasury yields Fed rate hikes Jackson Hole

Trade of the Week: SPX500_m demands proof out of Nvidia, Jackson Hole

  • S&P 500 on course to end 5-month winning streak
     
  • Nvidia’s forecasted 10% post-earnings move may jolt SPX500_m
     
  • Friday speech by Chair Powell to shape Fed rate hike bets
     
  • Last Friday’s (August 18th) “doji” points to market indecision ahead of such a pivotal week
S&P 500 cfd on indices indices Nvidia artificial intelligence AI Earnings Jackson Hole Fed Chair Jerome Powell Fed rate hikes

Week Ahead: Jackson Hole To Drive Sentiment

Get ready, folks!

Jerome Powell inflation Rates USD Gold SMA SPX500_m

Crude hovers above critical support

  • Crude oil tumbles towards key $79 support
  • Prices still remain above moving averages
  • ADX indicator signals weak bearish move
  • Bears could attack 50 EMA if $79 support breached
  • A rebound from $79 could re-open doors to $83

Crude oil prices broke through the $83 resistance level which held for 184 trading days to close at

Crude Oil SMA Technical Analysis China

Mid-Week Technical Outlook: Major World Indices

Caution was the name of the game on Wednesday as more disappointing Chinese economic data left investors on edge.

SPX500_m NQ100m FTSE100 Ger40 EUROstoxx China

Trade Of The Week: GBPUSD Major Breakout Imminent?

Fasten your seatbelts because this could be another rollercoaster week for the GBPUSD!

GBPUSD BoE inflation retail sales GDP FOMC Federal Reserve MACD

Week Ahead: NZDUSD to set new 2023 low?

Earlier this week, we featured the best-performing G10 currency (Swiss Franc) against the US dollar so far in 2023 in our Trade of the Week, published on Mondays.

Time to switch gears and look at the other end of the spectrum …

NZDUSD Kiwi RBNZ New Zealand Dollar Reserve Bank of New Zealand Recession Federal Reserve FOMC fed minutes USD US Dollar

US CPI to restore NQ100_m closer to 16,000?

Astute traders would have noticed some interesting price action on the NQ100_m of late.

After breaking out of an ascending triangle which was in formed from 9th June to 11th July ( 23 trading days), current price action sees NQ100_m bouncing off the support area of a bullish flag.

A flag is a short channel that usually slopes in the opposite direction of a trend, and is usually a continuation pattern.

NQ100m Nasdaq 100 CPI inflation Federal Reserve Fed rate hikes

Trade of the Week: USDCHF to see 55% more volatility?

Here are some Swiss Franc facts that may surprise you:

  1. CHF is best-performing G10 currency vs. USD so far this year
     
  2. SNB uses Swiss Franc to help achieve inflation target
     
  3. Swiss Franc is a safe haven currency
USDCHF CPI inflation Federal Reserve Fed rate hike Swiss National Bank Swiss Franc

Week Ahead: US CPI Data To Shape Gold Outlook

As the countdown draws closer to the key US jobs report later today (Friday, August 4), investors may already be keeping a close eye on what’s to come in the week ahead.

All eyes will be on the incoming US inflation data, speeches from some Fed officials as well as earnings announcements that could spark volatility across the board.

Monday, August 7

Gold MACD SMA FED Rates inflation USD
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