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 week ahead:

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 stocks, oil and volatility:

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning February 27

Indicator	Weekly Level / Change	Implication for S & P 500	Implication for Nifty*
S & P 500	2367, 0.69%	Bullish	Bullish
Nifty	8940, 1.34%	Neutral **	Bullish
China Shanghai Index	3253, 1.60%	Bullish	Bullish
Gold	1258, 1.55%	Bullish	Bullish
WTIC Crude	53.99, 0.39%	Neutral	Neutral
Copper	2.70, -0.41%	Neutral	Neutral
Baltic Dry Index	875, 18.08%	Bullish	Bullish
Euro	1.058, -0.34%	Neutral	Neutral
Dollar/Yen	112.14, -0.63%	Bearish	Bearish
Dow Transports	9422, -0.77%	Bearish	Bearish
High Yield (ETF)	37.15, 0.51%	Bullish	Bullish
US 10 year Bond Yield	2.31%, -4.45%	Bullish	Bullish
Nyse Summation Index	812, 4.32%	Bullish	Neutral
US Vix	11.47, -0.17%	Neutral	Neutral
20 DMA, S and P 500	2320, Above	Bullish	Neutral
50 DMA, S and P 500	2288, Above	Bullish	Neutral
200 DMA, S and P 500	2179, Above	Bullish	Neutral
20 DMA, Nifty	8776, Above	Neutral	Bullish
50 DMA, Nifty	8451, Above	Neutral	Bullish
200 DMA, Nifty	8421, Above	Neutral	Bullish
India Vix	13.40, -0.24%	Neutral	Neutral
Dollar/Rupee	66.64, -0.65%	Neutral	Bullish
Overall	S & P 500	Nifty
Bullish Indications	10	11
Bearish Indications	2	2
Outlook	Bullish	Bullish
Observation	The S and P 500 and the Nifty were up last week. Indicators are bullish. The market is in melt up mode. Time to watch those stops.
On the Horizon	Australia – GDP, China – PMI, Japan –CPI, Euro Zone – German employment data, CPI, Euro zone CPI, GDP, Switzerland – GDP, U.K – GDP, Canada – GDP, U.S – Durable goods, Consumer confidence, Trade balance, Personal consumption data, GDP, ISM data, Yellen speech, Canada – Rate decision, 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 and 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. The Vix, transports and the flight to quality bid emerging in treasuries, the dollar and yen are suggesting that risk reward is shifting towards the downside. The critical levels to watch are 2380 (up) and 2360 (down) on the S & P and 9000 (up) and 8850 (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.

Financial Markets - The Calm before the Storm

Global financial markets took a battering in 2022. Despite this volatility remains quite low despite making higher lows and higher highs throughout the year. The Indian market was an out-performer, but Gann fans are signaling a trend change both for the Index and Indian market volatility. Will complacency kill the cat in 2023?

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 some key crosses, gold, silver and the S and 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 Mexican Peso:

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 some key events which have had little impact on markets:

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 week ahead:

Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning February 20

Indicator	Weekly Level / Change	Implication for S & P 500	Implication for Nifty*
S & P 500	2351, 1.51%	Bullish	Bullish
Nifty	8822, 0.32%	Neutral**	Neutral
China Shanghai Index	3202, 0.17%	Neutral	Neutral
Gold	1239, 0.26%	Neutral	Neutral
WTIC Crude	53.78, -0.15%	Neutral	Neutral
Copper	2.71, -2.20%	Bearish	Bearish
Baltic Dry Index	741, 5.56%	Bullish	Bullish
Euro	1.062, -0.23%	Neutral	Neutral
Dollar/Yen	112.89, -0.30%	Neutral	Neutral
Dow Transports	9495, 1.08%	Bullish	Bullish
High Yield (ETF)	36.96, 0.16%	Neutral	Neutral
US 10 year Bond Yield	2.43%, 0.66%	Bearish	Bearish
Nyse Summation Index	779, 13.50%	Bullish	Neutral
US Vix	11.49, 5.90%	Bearish	Bearish
20 DMA, S and P 500	2303, Above	Bullish	Neutral
50 DMA, S and P 500	2279, Above	Bullish	Neutral
200 DMA, S and P 500	2173, Above	Bullish	Neutral
20 DMA, Nifty	8684, Above	Neutral	Bullish
50 DMA, Nifty	8395, Above	Neutral	Bullish
200 DMA, Nifty	8397, Above	Neutral	Bullish
India Vix	13.43, 1.94%	Neutral	Bearish
Dollar/Rupee	67.08, 0.32%	Neutral	Neutral
Overall	S & P 500	Nifty
Bullish Indications	7	6
Bearish Indications	3	4
Outlook	Bullish	Bullish
Observation	The S and P 500 and the Nifty were up last week. Indicators are bullish. The market is in melt up mode. Time to watch those stops.
On the Horizon	U.K – GDP, Carney speech, Euro zone – Euro zone CPI, U.S – FOMC minutes, Canada - CPI
*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 and 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. Risk reward is shifting towards the downside. The critical levels to watch are 2360 (up) and 2340 (down) on the S & P and 8900 (up) and 8750 (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.