Monica Kingsley
Monicakingsley
S&P 500 downside risks amply spelled out for clients, delivered them huge gains – I was clear about the bearish flag and remembering opex – see yesterday‘s article with intraday channel summary even if you miss the deeper clues within the premium analyses. bears clearly won, yet there was opportunity to deliver not just short but also long gains to clients yesterday too.
More charts coverage than the below VIX and yields, is reserved for clients, and the same goes for core PCE expectations (market reactions).
Let‘s mve right into the charts – today‘s full scale article contains 3 more of them, with commentaries.
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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EUR/USD stays below 1.0850 after upbeat US data
Following a short-lasting recovery attempt, EUR/USD struggles to keep its footing and trades below 1.0850 in the second half of the day. The upbeat GDP data from the US helps the US Dollar stay resilient against its rivals and doesn't allow the pair to gain traction.
GBP/USD remains on defensive below 1.2900 as USD rebounds
GBP/USD maintains the bearish bias and trades in the red below 1.2900 in the American session on Thursday. The US Dollar benefits from the risk-averse market atmosphere and stronger-than-expected US GDP data, causing the pair to stretch lower.
Gold slumps toward $2,360 following strong US GDP reading
Gold extends its daily slide and trades at its lowest level in two weeks near $2,360. Growing concerns over the Chinese economic outlook and the US Dollar's resilience on upbeat growth data force XAU/USD to remain under bearish pressure on Thursday.
Bitcoin price declines as Kraken exchange executes first reimbursements to Mt. Gox creditors
Bitcoin Magazine CEO David Bailey confirms that Kamala Harris will not speak at the upcoming Bitcoin Conference. Bitcoin adoption has grown as Ferrari Luxury Car Manufacturer accepts crypto payments across Europe.
Economic growth exceeded expectation in Q2
The economy expanded at a 2.8% annualized rate in the second quarter. While that handily exceeded expectations, we suspect that it may be the fastest GDP growth rate we are apt to see for the foreseeable future.