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:
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.
Featured post
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...
Monday, 23 January 2017
Sunday, 22 January 2017
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.
Subscribe to:
Posts (Atom)
Market Insight
-
-
DA Davidson Has Pessimistic Outlook of PANW FY2025 Earnings - Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) – Research analysts at DA Davidson lowered their FY2025 EPS estimates for shares of Palo Alto Networks...15 minutes ago
-
UFC And Dana White Make Killer No. 1 Contender Fight - UFC President Dana White told Manel Kape he wasn’t getting a title shot, but he would get what he wanted. White seems to have been referring to a No. 1 con...2 hours ago
-
-
Eli Lilly's Zepbound Receives FDA Approval For Obesity-Linked Sleep Apnea Drug - The FDA approved Eli Lilly's Zepbound as the first drug for obesity-linked moderate-to-severe sleep apnea, potentially transforming treatment options for...3 hours ago
-
Saturday links: an imperfect internet - On Saturdays we catch up with the non-finance related items that we didn’t get to earlier in the week. You can check...17 hours ago
-
Debt Rattle December 21 2024 - René Magritte L’éternité 1935 • Shutdown Odds Tumble As House Passes Latest GOP Spending Package (ZH) • US Democrats Want Government Shutdown To Strip ...22 hours ago
-
S&P 500 PE Ratio - *Current S&P 500 PE Ratio:* 30.29 +0.27 (0.89%) 4:00 PM EST, Fri Dec 201 day ago
-
MiB: Dana Mattioli on Amazon’s Everything War - This week, we speak with Dana Mattioli, who as Senior Enterprise Technology Reporter for the Wall Street Journal covers Amazon. Her investigations ...1 day ago
-
Daily Market Brief - Subscriber content. To subscribe to the Daily Market Brief please visit Market Services on NorthmanTrader.com. The Daily Market Brief is an in-depth market...1 day ago
-
The Core Skill Going Forward: Frugality - *Speaking of lean years, it took the NASDAQ stock market index almost 17 years to recover its March 2000 high of 5,048. * *The core skill going forward--f...2 days ago
-
Amy Lass Launches Lass Law: A New Chapter for California’s Premier Divorce Attorney - California divorce attorney Amy Lass has officially launched her own law firm, Lass Law — and is now accepting new clients.2 days ago
-
Market closures during X-mas and New Year - Please beware of low liquidity and market closures throughout the Christmas and New Year period and particularly on 25 December. The detailed market clos...2 days ago
-
-
“17 Military Bases Adjacent To Chinese-Owned Farmland” Have Been Swarmed By Mystery Drones, And This Phenomenon Goes Back For At Least A Year - I promised my readers that I would keep digging into the mystery drone phenomenon, and what I have discovered is absolutely stunning. It appears that ma...2 days ago
-
Introducing Moneyball Economics with Andrew Zatlin! - Combining advanced analytical tools with cutting-edge technology, Andrew Zatlin's "Moneyball Economics" opens a whole new world of profit... The post In...
2 days ago -
Midweek Update – Dec 19th - Midweek update covering Gold, Silver, Equities (Stocks), Crude Oil, $USD The post Midweek Update – Dec 19th appeared first on The Financial Tap.2 days ago
-
Real GDP growth by county and metro area - On December 4, 2024, the Bureau of Economic Analysis released their 2023 real GDP breakdown. Here are some highlights from the data set, some of which are ...2 days ago
-
For the fun of it: An Open House for my Spring 2025 Classes - I am a teacher at heart, and every year, for more than two decades, I have invited people to join me in the classes that I teach at the Stern School of Bus...
1 week ago -
Climate Change Profiteers Reveal The Democrat Party As A Satanic Death Cult Of Morons - By Barry Ferguson12/10/24The Democrat Party in the US has devolved into a satanic death cult of morons. They not only want to destroy themselves but the re...1 week ago
-
What can you learn from last weeks winners - The secret to making money in the market is your ability to make sense of these moves from last week. Each of these stocks was up 20% plus last week. W...2 weeks ago
-
Regency Silver (RSMX.V) – Stock Pick of the Month November 2024 - Our pick for this month is one that picks all of the criteria I like. Before I begin, let me talk about the company. Let me show you what I call my 5 ps of...1 month ago
-
Three Stocks: ServiceNow, IBM and UPS - United Parcel Service UPS (UPS) turned in a +5% performance today following the company’s earnings report. The shipping company showed strong results for...1 month ago
-
Unlocking Explosive Gains: Mastering the 20-Day EMA Pullback After a Strong Thrust - Missed the initial breakout? Don’t worry – there’s still a chance to catch that rocket! Today, we’re diving deep into a powerful strategy that could be y...2 months ago
-
Can NVDA’s Share Buybacks and AI Innovation Drive the Next Rally? - NVIDIA Corporation (NVDA) has undoubtedly been one of the hottest large-cap stocks this year, surging over 150% year-to-date and more than 195% in the past...2 months ago
-
The Great Unwinding of Stock Listings - [image: total nyse and nasdaq issues traded] The drop in the number of publicly traded U.S. companies is continuing. I last reported on that here back i...2 months ago
-
Hello world! - Welcome to WordPress. This is your first post. Edit or delete it, then start writing!7 months ago
-
Weekend Update - Trendline rejection (3/8/24) - SPX was rejected by the blue trendline Friday. The trendline had been sucessfully tested four times and held since November, until now. SPX has unable ...
9 months ago -
Mungerisms: Timeless Wisdom from Charlie Munger on Life and Business - "Mungerisms" are succinct expressions of wisdom and insights coined by Charlie Munger, the Vice Chairman of Berkshire Hathaway and Warren Buffett's longtim...1 year ago
-
It’s Crunch Time for The Daily Doom and Doom Time for The Great Recession Blog - The Great Recession Blog is officially done for good, and my writing continues on TheDailyDoom.com. This site will eventually be completely terminated. If ...1 year ago
-
Innovative Industrial Properties Stock a Great Way to Play Pot Sector - *IIPR Stock Represents a Long-Term Opportunity* Marijuana stocks briefly attracted investors' attention following the 2022 mid-term elections, when Maryl...1 year ago
-
2008 analogue - The 2008 analogue tape looks very interesting from where we stand. Let's anchor it to the next two Fed meetings -- since that's all that matters -- and i...
1 year ago -
Back to trade with Bar Replay - It is often said that one should not be sad about the past, but sometimes it can be nice to return to it. Who would like to buy Tesla for $1 and experience...2 years ago
-
After This Holiday Rally, You Better Know When To Walk Away - This week’s investor insight will make you think twice about the current stock and bond rally as we head into the end of the year. We get a lot of questi...2 years ago
-
How Africa Can Escape Chronic Food Insecurity Amid Climate Change - The toll of extreme weather events on crops underscores the region’s challenges and need for policies to save lives and protect livelihoods.2 years ago
-
12 Bear Market Rules To Live By – Survive & Thrive In The Next Bear Market - 12 Bear Market Rules To Live By – Survive & Thrive In The Next Bear Market [image: Bear Market Rules Survival Guide] I grew up in the 1970s-1980s when th...2 years ago
-
Growth Companies – Getting What You Want - What do the growth companies in your field have in common? How are they doing so well and what can you learn from them? Growth companies usually make a pro...2 years ago
-
-
Blog Post Title - What goes into a blog post? Helpful, industry-specific content that: 1) gives readers a useful takeaway, and 2) shows you’re an industry expert. Use your c...3 years ago
-
Foot Locker Crushed Q2 Earnings Expectations Sending Stock Higher - Plus, AstraZeneca said its antibody therapy reduced the risk of developing COVID-19 symptoms by 77%, The Topps Co’s SPAC merger is off, and Elon Musk annou...3 years ago
-
Elliott Wave Stock Market Update - July 10th - The market has continued its rally to higher highs and it doesn't seem like it wants to stop. We now have a new ATH at 4371 which are NASDAQ levels s...
3 years ago -
The Psychology of QE is Far More Important Than the Amount of It - Let's discuss what QE really does vs the psychology of QE.3 years ago
-
Hello world! - Welcome to WordPress. This is your first post. Edit or delete it, then start writing!3 years ago
-
Market Signals for the US stock market S and P 500 Index and Indian Stock Market Nifty Index for the Week beginning November 09 - Indicator Weekly Level / Change Implication for S & P 500 Implication for Nifty* S & P 500 3509, 7.32% Bullish Bullish Nifty 12264, 5.34% Neutral ** Bullis...4 years ago
-
Fully Automated Trend Trading w/ Stocks Or Options - There’s a lot of research to support the usage of trend indicators as simple risk reduction elements that can be layered onto an existing strategy. Howev...4 years ago
-
2020 Top Investment Picks – Q3 Update - At the beginning of the year, I put together a list of Top Investment Picks for 2020 from the investment community and track them on this website. This is ...4 years ago
-
The last of 12326 - February 22nd 2012..... First post... https://permabeardoomster.blogspot.com/2012/02/can-anyone-fly-plane.html -- This post will be the last under the o...
4 years ago -
-
Ultramarathoner Runs Over 200 Miles in Backyard, Wins Golden Toilet Paper Roll - Strange times indeed. In the land “BC,” before coronavirus, people ran long distances in foot races, and toilet paper wasn’t coveted. Things have changed. ...4 years ago
-
March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ - March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published.https://t.co/k29bzcK3DY — Marc ...4 years ago
-
Weekend Report - Weekend Report Provided by the OEW Group December 21, 2019 Last Monday started with a sharp rally on positive trade news. After closing at 3169 the previou...4 years ago
-
Financial Markets Will Move To Asia - Chicago, they invented the Soybean futures contracts. But now, China uses more soybeans than ... *READ THE REST OF THE ARTICLE ON THE NEW WEBSITE: JIM ROGE...
5 years ago -
GW Pharmaceuticals (GWPH) Signals Bearish Continuation To $100 -
GW Pharmaceuticals $GWPH has been retreating sharply, and might have further downside towards $100.
G...
5 years ago -
Meet Hert Capital and How He Uses Stocktwits - On Stocktwits, HertCapital has been known for quite some time. But for those reading who haven’t had a chance to follow him, we asked him a few questions...5 years ago
-
The Earnings Mirage: Why Corporate Profits are Overstated and What it Means for Investors - I just published a new long-form piece through OSAM Research Partners entitled “The Earnings Mirage: Why Corporate Profits are Overstated and What it Means...5 years ago
-
Nightly Algo Report – December 6, 2018 - To access this post, you must purchase Premium Plan or Premium Plan - Annual. The post Nightly Algo Report – December 6, 2018 appeared first on Elliottwa...6 years ago
-
Don’t be Fooled by the Pullback in the Dollar Because…. - Don’t be fooled by the pullback in the U.S. dollar today because the greenback could still strengthen further before the end of the year. Nearly all of the...6 years ago
-
Weekly Videos - This week’s video will be posted on the new home for Short Takes. If all goes well, it will appear sometime between 6:00 and 8:00 pm ET.6 years ago
-
Gold’s silent comeback and the middle class rebound - The middle class has been stuck in a rut – psychologically if not economically – for years, and they’re not afraid to admit it. Last year’s upset victory...
7 years ago -
Current Account Deficits and Safe Assets - The International Monetary Fund has issued its External Sector Report for 2017, and among its key findings: “Global current account imbalances were broadly...7 years ago
-
Kafka For The Twenty First Century - I've been spending a slightly frustrating day trying to update my payment details at google. To log in to my admin console I need to log in using my G Sui...
7 years ago -
Gold Unleashed by Fed - Gold's next major upleg was likely unleashed by a very-dovish FOMC this week, which now has its hands tied on hiking rates or being hawkish due to the US e...8 years ago
-
From false moves… - One of my favorite sayings came from my trader friend Brian Shannon, who said from false moves come fast moves. I always pay attention to […] The post Fr...11 years ago
-
Why Mitt Romney Will Be The Next President - News Flash: Despite how it may look, what with Occupy Wall Street protests and Tea Party rallies, the country’s populous is not as polarized as it might se...12 years ago
-
August 24th Blogger Sentiment Poll - There are more bulls than bears in this week's poll. Blogger Sentiment Poll Participants: 24/7 Wall St (N) Carl Futia (+) Dash of Insight (+) Elliot Wave L...15 years ago
Forex Insight
-
USD/MXN Price Annual Forecast: Economic slowdown, monetary policy, Trump to influence the Peso in 2025 - Read more on https://www.fxstreet.com14 hours ago
-
FX Weekly Recap: December 16 – 20, 2024 - Forex traders were on their toes throughout the week, as another batch of major central bank announcements and a busy economic calendar rocked the marke...1 day ago
-
Markets Weekly Outlook – S&P 500 in Focus as Markets Brace for Holiday Lull - The Federal Reserve’s policy change and economic projections have significantly impacted markets, leading to a rise in US yields. The US PCE data released ...1 day ago
-
Upward Revision to Q2 GDP Aids the US Dollar’s Feeble Recovery - The second estimate of US GDP growth in Q2 saw an upward revision from 2.8% to 3%. However, US resilience has come under pressure, particularly in the labo...3 months ago
-
Don’t be Fooled by the Pullback in the Dollar Because…. - Don’t be fooled by the pullback in the U.S. dollar today because the greenback could still strengthen further before the end of the year. Nearly all of the...6 years ago
-
EUR/USD Weekly Outlook - EUR/USD's decline attempt was contained at 1.0494, above 1.0493 support and rebounded. Initial bias stays neutral this week first. On the upside, break of ...7 years ago
-
Loonie and Aussie Share Downward Bond - In yesterday’s post (Tide is Turning for the Aussie), I explained how a prevailing sense of uncertainty in the markets has manifested itself in the form of...13 years ago
India Market Insight
-
Astrology Predicts Nifty & Bank Nifty Downtrend: Here’s How! - Introduction Financial astrology is a fascinating domain that blends celestial movements with market trends, providing unique insights into potential mar...4 hours ago
-
Reduce Persistent Systems; target of Rs 3700: Emkay Global Financial - [image: Reduce Persistent Systems; target of Rs 3700: Emkay Global Financial] Emkay Global Financial recommended reduce rating on Persistent Systems with a...7 months ago
-
Rupee falls 29 paise to close at 82.68 against US dollar - During the day, the rupee touched a high of 82.45 and a low of 82.68 against the greenback. On Friday, the rupee had settled at 82.39 against the dollar.
1 year ago -
-
JUST NIFTY BLOG 10-01-2020 - Bulk Deals FII DII Stats Date # of Deals Total Volume (In Millions) 01-01-1970 0 0.00 Click here to see all Bulk Deals Date Category Buy Amount (Rs. Cror...4 years ago
-
Gold Top down analysis. - - Updating blog after a long Gap. Longest in the last 8 years. May not be able to update regularly for 2 more months to come. - Gold bulls co...
6 years ago -
Vist Note on Federal Bank - We recently met the senior management of Federal Bank which is one of the old private sector banks with a distribution network of 1252 branches (48% Kerala...6 years ago
-
Bank Nifty does Price Time Squaring and gave big move - As discussed in Last Analysis Bank Nifty gave the big move as we were expecting near turn date and also made low of 24706 near our target of 24700 and bo...7 years ago
-
Midcap & Smallcap Index Corrects, Lets Come Back To Fundamentals Again - Midcap Index had made a high of 18511 on 16th May 2017, fell almost 7% and is currently trading at 17230. Smallcap Index made all time high of 7679 on 11th...7 years ago
-
Market outlook for 28/10/2016 - *Nifty closed flat at 8615.25* while Future closed at 8655.25, premium of 40.00 points. *Bank Nifty closed up 31.00 points (0.16%) at 19514.60* while Futur...
8 years ago -
Option Open Interest for 27-10-2016 - Inference The index opened flat and went down to touch the lows at 8550, but support level buying saw the index close flat at 8615.25. The broader market w...
8 years ago -
NIFTY OUTLOOK FOR 22-8-16 - *Nifty (8667)* we said ‘it is quite possible that the Nifty may open again in the green but I would be cautious in the upper regions’ the Nifty opened in ...8 years ago
-
ITC To Resume Cigarette Manufacturing - ITC manufactures a range of cigarette brands, including India Kings, Classic, Gold Flake, Navy Cut, Capstan, Bristol, Flake, Silk Cut, which are manufactur...8 years ago
-
