Follow Our Official Telegram Channel tynkrlab Bursa Malaysia is set for a range-bound yet optimistic trading week, as investors gear up to capitalize on breakout stocks and use leveraged tools to maximize their profits. The$FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$has shown strong momentum, with four consecutive days of gains pushing the index towards its next resistance level at 1,610. A clear breakout above this threshold could signal fur...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(SEP4) (ESmain.US)$(4 Hour Chart) -[NEUTRAL] S&P index drifted back lower and whipsawed around previous support. We turn neutral for now given the lack of momentum. A candlestick close above 5249 resistance will open a short term rise towards next resistance at 5355.75. Technical indicators are mixed for now. Alternatively: A 4 hour candlestick closing below 5189 support wi...
Good day, traders. Happy Wednesday, Aug 7th. The market is rebounding thanks to a lighter earnings week, and lower volatility overall. My name is Kevin Travers; here are stories herd on Wall Street: these are today's moovin' stonks. $Novo-Nordisk A/S (NVO.US)$, the Wegovy and Ozempic seller saw its stock fell 7% after the firm said on Wednesday its profit rose 3% to 20 billion Danish kroner ($2.93 billion), or 4.49 kroner a share...
➡️ This morning, global equities are rebounding for a second day, led by the Nikkei 225 Index which is up 3%s as of 1145AM. Japanese equities have headed higher, and the Japanese yen as well as Japanese government bonds lower. This follows the latest comments from Bank of Japan’s deputy governor Shinichi Uchida that the BoJ “needs to maintain monetary easing with the current policy interest rate for the time being, with developments ...
US Market Key Charts (S&P, US Dollar, Gold) $E-mini S&P 500 Futures(SEP4) (ESmain.US)$(4 Hour Chart) -[BULLISH↗ *] Market continues to hold above 5205.50 support. We stay bullish above this support level, expecting price to do a short term bounce towards 5472.50 resistance. Technical indicators are mixed for now but stochastics is testing support where price bounced in the past. Alternatively: A 4 hour candlestick closing below 5205.50 support will open a d...
Sg-Jin
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Well the yields be comming down, the yen carry trade it’s unwinding all right. To prop up the USA economy will have money printing just like it did in 2021 and in hindsight this will be another “black swan”. There are many levers that USA can pull on Japan including forcing them to reduce the yen intrest rates. Long term QE to is always the norm. Merica
liquidityHunter
OP
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i agree the state of economy is not great. but yen has been a depreciation asset for years due to its 0% interest to borrow. so traders just borrow for free to sell for dollars to buy equities. effectively ‘free money’
Throughout the recent couple of weeks, the stock market has experienced some really goofy price action spurred by mostly unusual or insufficient interest rate decisions. Firstly, the BOJ decided to hike Japan interest rates for the first time in years, with an interest rate close to 0 in the past. This allowed investors to carry trade, where they borrow yen for basically free and exchange for USD to purchase US equity. You can see how the interest rate was l...
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FinanceCalculus
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Look at the name i am definitely not a follower
$ProShares UltraPro Short QQQ ETF (SQQQ.US)$ still holding this? Yesterday trying retest 10$ gap, however buyer pushed back up the price. volume is high compared to a week ago, theres lot of activities here. As the fast MA is crossing the laggard MA, tonight we must go 11$ or else its a fake golden cross, And we should RUN Careful the overnight/premarket price, maybe a trap As the nikkei had a double digit rebound yesterday, the market should have calmed a bit
The VIX fell 28%, or 10 points today, as the market simmered down from fear and fright mode. Just the close, the$S&P 500 Index (.SPX.US)$climbed back 1.04% , the$Dow Jones Industrial Average (.DJI.US)$climbed 0.76%, and the$Nasdaq Composite Index (.IXIC.US)$climbed 1.03%, after falling 4% Monday. MACRO The turbulence began last week after multiple earnings reports from the largest companies did not meet estimates. Japan's head Bank considered raising rates Friday, sending the$Nikkei 225 (.N225.JP)$down 12%,...
Bursa Malaysia is set for a range-bound yet optimistic trading week, as investors gear up to capitalize on breakout stocks and use leveraged tools to maximize their profits. The $FTSE Bursa Malaysia KLCI Index (.KLSE.GI)$ has shown strong momentum, with four consecutive days of gains pushing the index towards its next resistance level at 1,610. A clear breakout above this threshold could signal fur...
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[NEUTRAL] S&P index drifted back lower and whipsawed around previous support. We turn neutral for now given the lack of momentum. A candlestick close above 5249 resistance will open a short term rise towards next resistance at 5355.75. Technical indicators are mixed for now.
Alternatively: A 4 hour candlestick closing below 5189 support wi...
$Novo-Nordisk A/S (NVO.US)$, the Wegovy and Ozempic seller saw its stock fell 7% after the firm said on Wednesday its profit rose 3% to 20 billion Danish kroner ($2.93 billion), or 4.49 kroner a share...
$E-mini S&P 500 Futures(SEP4) (ESmain.US)$ (4 Hour Chart) -[BULLISH↗ *] Market continues to hold above 5205.50 support. We stay bullish above this support level, expecting price to do a short term bounce towards 5472.50 resistance. Technical indicators are mixed for now but stochastics is testing support where price bounced in the past.
Alternatively: A 4 hour candlestick closing below 5205.50 support will open a d...
seriously mindblown.
$Nikkei 225 (.N225.JP)$ $SPDR S&P 500 ETF (SPY.US)$ $Bitcoin (BTC.CC)$
Firstly, the BOJ decided to hike Japan interest rates for the first time in years, with an interest rate close to 0 in the past.
This allowed investors to carry trade, where they borrow yen for basically free and exchange for USD to purchase US equity.
You can see how the interest rate was l...
still holding this?
Yesterday trying retest 10$ gap, however buyer pushed back up the price. volume is high compared to a week ago, theres lot of activities here.
As the fast MA is crossing the laggard MA, tonight we must go 11$ or else its a fake golden cross,
And we should
RUN
Careful the overnight/premarket price, maybe a trap
As the nikkei had a double digit rebound yesterday, the market should have calmed a bit
loading...
MACRO
The turbulence began last week after multiple earnings reports from the largest companies did not meet estimates. Japan's head Bank considered raising rates Friday, sending the $Nikkei 225 (.N225.JP)$ down 12%,...
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