As traders begin the real run into stocks, continue to keep an eye out for shallow pullbacks to engage and, intraday traders, if near-term support breaks - be wise and step aside. The environment is still skittish based...
Powell Is Key for Traders Keeping One Eye on Impeachment Hearing
I have seen a lot of traders note the 'SPX megaphone pattern" and the SPX will fail at 3050. Although it is possible, if you take a look at the XXXJPY pairs and understand thier strong correlaiton to the SPX, I would not be so sure we fail in equities. Keep an eye on USDJPY
Treasuries can rise if #China sells, BBG’s Goodman says. Yuan’s plunge to lowest level in decade now has analysts casting eye toward China’s $1.1tn pile of US govt bonds. BUT In the event that China were to sell, traders would seek safety of US bonds and mitigate China selling.
-U.S. dollar jumps -Asian stocks little changed -Australian PM's leadership in peril -Traders keep eye on legal drama around Trump
#GOLD Traders Eye $1,300 - Will It Lead To Momentum Buying Or Profit-Taking Selling? |
In the countdown to the Fed decision, traders keep an eye on the dollar's 2004 decline