Monica Kingsley
Monicakingsley
Higher S&P 500 high was made as per premium predictions, and the same goes for selloff at the open bringing sizable intraday gains to clients. Other premium clues revealed include XLF and KRE performance, and bond market with defensives alike. The main indices as such are sending one more hint discussed below.
Let‘s collect them in this chart introductory part, richly annotated – starting from financials, moving on to VIX, and finally rates with plenty of macro and fundamental commentary as to where we‘re going, in the following segment. How strong has the S&P 500 rally been till now, and what‘s the fate of the hypothetical right shoulder in the inverse head and shoulders talked in Sunday‘s extensive analysis.
All essays, research and information represent analyses and opinions of Monica Kingsley that are based on available and latest data. Despite careful research and best efforts, it may prove wrong and be subject to change with or without notice. Monica Kingsley does not guarantee the accuracy or thoroughness of the data or information reported. Her content serves educational purposes and should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks and options are financial instruments not suitable for every investor. Please be advised that you invest at your own risk. Monica Kingsley is not a Registered Securities Advisor. By reading her writings, you agree that she will not be held responsible or liable for any decisions you make. Investing, trading and speculating in financial markets may involve high risk of loss. Monica Kingsley may have a short or long position in any securities, including those mentioned in her writings, and may make additional purchases and/or sales of those securities without notice.
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GBP/USD remains under pressure, declines toward 1.3000
GBP/USD trades in negative territory below 1.3050 in the American session on Wednesday. The US Dollar stays resilient against its rivals and weighs on the pair after the latest data showed that the core CPI rose more than expected in August.
Gold trades back down to $2,500 after release of US CPI data
Gold touches the top of its range and then falls back down to $2,500 after the release of US inflation data on Wednesday. The benchmark 10-year US Treasury bond yield rebounds on stronger-than-forecast monthly core CPI print and drags XAU/USD lower.
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