Good day, The price of currency pair USD/RUB is approaching the uptrend, therefore this asset could potentially make a jump soon. Stock index S&P500 is testing 3396.80 horizontal level, therefore it might drop soon. Of course, the asset might also test the broken weekly uptrend somewhere next to the 3500.00 horizontal level and then drop. But, let’s wait and see what happens next. The price of Euro has repeatedly approached the uptrend. The asset could potentially jump, but it could also break through the trend through and drop. Let us remind you that this material is provided for infor ..read more

European stocks remain in consolidation mode since the end of last week, which is not the case for the US equity markets, where the “buy-the-dip” army of market players are propelling a rebound. However, there are some signs that the bounce is a technical reboot rather than resumption of the medium-term rally. For example, comparing returns of SPX and its European peer DAX over the past six months we can clearly see divergence driven by the US equity: Since the end of July, SPX growth started to accelerate without any clear fundamental indications for this, which had a tinge of irrationality ..read more

EURJPY Daily Outlook 16-09-20 – On Tuesday China extended tariff exemptions on 16 US products for another year at the request of Chinese importers. We found out that the U.S. manufacturing production increased in August. Welcome to the Tickmill update, I’m Kiana Danial the founder of the Invest Diva movement. Make sure to subscribe to the Tickmill YouTube channel and support us by liking and sharing this video with your forex trading friends. New York Manufacturing Index jumps more than expected in September. Canadian Manufacturing sales increased for the third consecutive month but the UK job ..read more

Daily Market Outlook, September 16, 2020  Asian equity market is mixed this morning with Chinese indices down but most other markets higher. US President Trump has said that a Covid-19 vaccine may be weeks away. The WTO has ruled that some US tariffs on imports from China broke its trade rules. Meanwhile, TikTok is reported to be set to become a standalone US company in order to satisfy White House concerns.  Just released data for UK inflation showed a big but less-than-expected drop in annual CPI inflation in August. The annual rate fell to 0.2% down from 1% in July primarily due t ..read more

The dollar remains under pressure ahead of the Fed meeting, while it seems that risky assets are getting rid of fears of extension of the bearish pullback. As for the outcome of the meeting, a combination of revised economic forecasts and a promise to keep rates low for longer is likely to cause a rally in risky assets, but then the Fed will have to turn a blind eye to the risks of a stock market bubble. Signals of strengthening domestic demand in China and industrial production also supported optimism in market sentiment. In annual terms, industrial production in China increased by 0.4%, whic ..read more

Chart of the Day USDCHF USDCHF Potential Reversal Zone – Probable Price Path USD: US equities rose on Monday as a slew of corporate deal making activity and optimism toward the resumption of a COVID-19 trial sparked a broad market rally. US Treasury yields held steady on Monday as equities rebounded from sharp losses last week. The benchmark 10-year Treasury note yield was flat at 0.6715%. The yield on the 30-year Treasury bond was also little changed at 1.4210%. Key events ahead for the US Treasury market include 20-year bond reopening today (Tuesday), FOMC meeting, and 10-year TIPS reopening ..read more

Equities Traders Eye FOMC on Wednesday Global equities benchmarks have started the week in a broadly positive tone with risk assets trading higher ahead of the headline event risk this week. The US Federal Reserve meets for its September FOMC meeting tomorrow and the event is drawing plenty of market attention. While the Fed is not expected to adjust its policy at this stage, the market will be keen to learn any further details regarding the recently announced shift in inflation targeting. Fed chairman Powell announced at the recent Jackson Hole symposium in the US that the central bank will n ..read more

Daily Market Outlook, September 15, 2020  Asian equity market is mostly higher, although Japan is down. August readings for China industrial production, retail sales and fixed investment all beat expectations suggesting that its post-lockdown economic rebound is continuing. The minutes of the Australian central bank’s last policy meeting said that the economy’s recovery was likely to be uneven. They regard the Aussie dollar as fairly valued but think that a lower rate would provide support to the recovery.  As expected the UK government won last night’s vote in the House of Commons o ..read more

The biggest event of this week is undoubtedly September Fed decision and mostly importantly Fedspeak. It is expected that the Fed leaves policy settings unchanged. The fact of transition to the new framework of inflation targeting has already been priced in, but here are possible parts of the meeting where surprises may pop: “Operational” details of the framework. Powell, speaking at Jackson Hole, was very sparing of details (in line with the event format), leaving them for monetary policy meetings. Investors will be looking for hints of time limits for low interest rate environment or a poss ..read more

Chart of the Day US500 (S&P500) US500 (S&P500) Potential Reversal Zone – Probable Price Path A big week lies ahead with a slew of central bank meetings including the FOMC, BOE, BOJ, BI and CBC. The S&P 500 index closed the week slightly higher at +0.05%, but the Nasdaq 100 Composite Index chalked up 0.6% losses on Friday and marked its worst week since March, with VIX easing to 26.87. Meanwhile UST bonds advanced after recovering from earlier session lows despite the stronger-than-expected US’ August CPI inflation data, with the belly of the curve outperforming and the 10- year yie ..read more