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 increasing volatility in the Euro, Yen and the Pound:
Ahead of the Curve provides you with analysis and insight into today's global financial markets. The latest news and views from global stock, bond, commodity and FOREX markets are discussed.
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Time Series Analysis with GRETL
This video shows key time-series analyses techniques such as ARIMA, Granger Causality, Co-integration, and VECM performed via GRETL. Key dia...
Tuesday, 27 December 2016
Sunday, 25 December 2016
Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning December 26
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Indicator
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Weekly Level / Change
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Implication for
S & P 500
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Implication for Nifty*
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S & P 500
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2264, 0.25%
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Neutral
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Neutral
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Nifty
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7986, -1.89%
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Neutral**
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Bearish
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China Shanghai Index
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3110, -0.41%
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Neutral
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Neutral
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Gold
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1134, -0.33%
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Neutral
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Neutral
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WTIC Crude
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53.02, 0.13%
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Neutral
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Neutral
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Copper
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2.48, -3.33%
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Bearish
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Bearish
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Baltic Dry Index
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961, 1.59%
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Bullish
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Bullish
|
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Euro
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1.045, 0.01%
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Neutral
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Neutral
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Dollar/Yen
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117.33, -0.53%
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Bearish
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Bearish
|
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Dow Transports
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9191, 0.25%
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Neutral
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Neutral
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High Yield (ETF)
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36.66, 1.02%
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Bullish
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Bullish
|
|
US 10 year Bond Yield
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2.54%, -2.08%
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Bullish
|
Bullish
|
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Nyse Summation Index
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467, 15.98%
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Bullish
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Neutral
|
|
US Vix
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11.44, -6.23%
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Bullish
|
Bullish
|
|
20 DMA, S and P 500
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2239, Above
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Bullish
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Neutral
|
|
50 DMA, S and P 500
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2186, Above
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Bullish
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Neutral
|
|
200 DMA, S and P 500
|
2132, Above
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Bullish
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Neutral
|
|
20 DMA, Nifty
|
8137, Below
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Neutral
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Bearish
|
|
50 DMA, Nifty
|
8304, Below
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Neutral
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Bearish
|
|
200 DMA, Nifty
|
8240, Below
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Neutral
|
Bearish
|
|
India Vix
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15.13, -0.82%
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Neutral
|
Bullish
|
|
Dollar/Rupee
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67.84, -0.02%
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Neutral
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Neutral
|
|
Overall
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S & P 500
|
Nifty
|
|
|
Bullish Indications
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9
|
5
|
|
|
Bearish Indications
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2
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6
|
|
|
Outlook
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Bearish
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Bearish
|
|
|
Observation
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The S and P 500 was unchanged and the
Nifty fell last week. Indicators are mixed.
The Trump bounce is largely over.
Time to watch those stops.
|
||
|
On the Horizon
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Japan – CPI, U.S – Consumer
confidence, Trade balance
|
||
|
*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 mixed for
the upcoming week. The FED rate hike is yet to be priced in and sentiment
indicators are back in complacent mode. Risky segments of the market like
emerging markets are breaking down on broad dollar strength. The critical levels
to watch are 2270 (up) and 2250 (down) on the S & P and 8100 (up) and 7900
(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.
Wednesday, 21 December 2016
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 trends in play that may continue till year end:
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Posts (Atom)
Market Insight
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