Daily Forex Insight

Here are some insights from the currency strategists at dailyfx. They cover the fundamentals and technicals of key Forex pairs and other key markets along with some of the key economic news of the day. Today's commentary looks at the weakening dollar following the recent trade war posturing:

Daily Forex Insight

Here are some insights from the currency strategists at dailyfx. They cover the fundamentals and technicals of key Forex pairs and other key markets along with some of the key economic news of the day. Today's commentary looks at the upcoming week which is loaded with economic news flow. The FED, BOJ, BOE, US payrolls and India's union budget are set to take center stage:

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning January 30

Indicator	Weekly Level / Change	Implication for S & P 500	Implication for Nifty*
S & P 500	2295, 1.03%	Bullish	Bullish
Nifty	8641, 3.50%	Neutral**	Bullish
China Shanghai Index	3159, 1.15%	Bullish	Bullish
Gold	1188, -1.37%	Bearish	Bearish
WTIC Crude	53.17, -0.09%	Neutral	Neutral
Copper	2.69, 2.46%	Bullish	Bullish
Baltic Dry Index	827, -10.59%	Bearish	Bearish
Euro	1.070, -0.03%	Neutral	Neutral
Dollar/Yen	115.08, 0.44%	Neutral	Neutral
Dow Transports	9444, 2.38%	Bullish	Bullish
High Yield (ETF)	37.00, 0.68%	Bullish	Bullish
US 10 year Bond Yield	2.48%, 0.57%	Bearish	Bearish
Nyse Summation Index	682, 8.73%	Bullish	Neutral
US Vix	10.58, -8.32%	Bullish	Bullish
20 DMA, S and P 500	2272, Above	Bullish	Neutral
50 DMA, S and P 500	2245, Above	Bullish	Neutral
200 DMA, S and P 500	2156, Above	Bullish	Neutral
20 DMA, Nifty	8355, Above	Neutral	Bullish
50 DMA, Nifty	8201, Above	Neutral	Bullish
200 DMA, Nifty	8327, Above	Neutral	Bullish
India Vix	16.00, 1.36%	Neutral	Bearish
Dollar/Rupee	68.09, -0.00%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	10	10
Bearish Indications	3	4
Outlook	Bullish	Bullish
Observation	The S and P 500 and the Nifty rallied last week. Indicators are bullish. The Trump bounce is largely over. Time to watch those stops.
On the Horizon	China - PMI, Japan – Rate decision, New Zealand - Employment data, Euro zone – CPI, German employment data, CPI, UK – Rate decision, Canada – GDP, U.S – Personal consumption data, ISM data, Consumer confidence, FOMC rate decision, Employment data, India - Union budget 2017
*Nifty	India’s Benchmark Stock Market Index
Raw Data	Courtesy Google finance, Stock charts, dailyfx.com
**Neutral	Changes less than 0.5% are considered neutral

The S and P 500 the Nifty moved up last week. Signals are bullish for the upcoming week. Possible FED rate hikes are yet to be priced in and sentiment indicators are back in complacent mode. Bond yields are surging back up. The critical levels to watch are 2310 (up) and 2290 (down) on the S & P and 8700 (up) and 8600 (down) on the Nifty. A significant breach of the above levels could trigger the next big move in the above markets. You can check out last week’s report for a comparison. Love your thoughts and feedback. 

Daily Forex Insight

Here are some insights from the currency strategists at dailyfx. They cover the fundamentals and technicals of key Forex pairs and other key markets along with some of the key economic news of the day. Today's commentary looks at the upcoming US GDP report:

Daily Forex Insight

Here are some insights from the currency strategists at dailyfx. They cover the fundamentals and technicals of key Forex pairs and other key markets along with some of the key economic news of the day. Today's commentary looks at equities, valuations and volatility:

Daily Forex Insight

Here are some insights from the currency strategists at dailyfx. They cover the fundamentals and technicals of key Forex pairs and other key markets along with some of the key economic news of the day. Today's commentary looks at the Pound and the S & P 500:

Daily Forex Insight

Here are some insights from the currency strategists at dailyfx. They cover the fundamentals and technicals of key Forex pairs and other key markets along with some of the key economic news of the day. Today's commentary looks at the Dollar and the S & P 500:

Daily Forex Insight

Here are some insights from the currency strategists at dailyfx. They cover the fundamentals and technicals of key Forex pairs and other key markets along with some of the key economic news of the day. Today's commentary looks at global trade policy taking center stage following president Trump taking office:

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning January 23

Indicator	Weekly Level / Change	Implication for S & P 500	Implication for Nifty*
S & P 500	2271, -0.15%	Neutral	Neutral
Nifty	8349, -0.61%	Neutral**	Bearish
China Shanghai Index	3123, 0.33%	Neutral	Neutral
Gold	1205, 0.73%	Bullish	Bullish
WTIC Crude	53.22, 1.62%	Bullish	Bullish
Copper	2.62, -2.42%	Bearish	Bearish
Baltic Dry Index	925, 1.65%	Bullish	Bullish
Euro	1.070, 0.55%	Bullish	Bullish
Dollar/Yen	114.52, 0.02%	Neutral	Neutral
Dow Transports	9225, 0.24%	Neutral	Neutral
High Yield (ETF)	36.75, -0.08%	Neutral	Neutral
US 10 year Bond Yield	2.47%, 3.66%	Bearish	Bearish
Nyse Summation Index	628, -2.58%	Bearish	Neutral
US Vix	11.54, 2.76%	Bearish	Bearish
20 DMA, S and P 500	2265, Above	Bullish	Neutral
50 DMA, S and P 500	2233, Above	Bullish	Neutral
200 DMA, S and P 500	2150, Above	Bullish	Neutral
20 DMA, Nifty	8254, Above	Neutral	Bullish
50 DMA, Nifty	8170, Above	Neutral	Bullish
200 DMA, Nifty	8310, Above	Neutral	Bullish
India Vix	15.79, 9.79%	Neutral	Bearish
Dollar/Rupee	68.09, -0.08%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	7	7
Bearish Indications	4	5
Outlook	Bullish	Bullish
Observation	The S and P 500 was unchanged and the Nifty fell last week. Indicators are bullish. The Trump bounce is largely over. Time to watch those stops.
On the Horizon	Australia – CPI, New Zealand – CPI, Japan – CPI, U.K – GDP, US – Durable Goods, Trade balance, GDP
*Nifty	India’s Benchmark Stock Market Index
Raw Data	Courtesy Google finance, Stock charts, dailyfx.com
**Neutral	Changes less than 0.5% are considered neutral

The S and P 500 was unchanged and the Nifty fell last week. Signals are bullish for the upcoming week. Possible FED rate hikes are yet to be priced in and sentiment indicators are back in complacent mode. Bond yields are surging back up. The critical levels to watch are 2280 (up) and 2260 (down) on the S & P and 8400 (up) and 8300 (down) on the Nifty. A significant breach of the above levels could trigger the next big move in the above markets. You can check out last week’s report for a comparison. Love your thoughts and feedback.