Monica Kingsley
Monicakingsley
S&P 500 early session upswing didn‘t last, marginally overcoming Tuesday‘s rebound only to crater to Friday‘s close. Hardly bullish or turnaround just in situation – my early Tuesday‘s call and timing proved correct. Look at USDJPY as well – this chart isn‘t rallying back in dollar‘s favor. Tech continues being weaker than S&P 500 as well, and better not look at semiconductors.
The following two charts and commentary from your channel bring insights further developed in the individual chart section as the current back and forth movements in risk taking continue in great macroeconomic uncertainty. If yesterday at the close we had 26.5% odds of 100bp cut by Nov, that is now 24.3% after being over 28% in the European morning. These are sizable gyrations reflecting the uncertainty.
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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Editors’ Picks
EUR/USD retreats below 1.0900 on renewed USD strength
EUR/USD struggles to build on European session gains and trades below 1.0900 in the second half of the day on Thursday. Better-than-expected weekly Initial Jobless Claims data from the US supports the USD, causing the pair to stretch lower.
USD/JPY surpasses 147.00 to print daily highs
USD/JPY maintains its constructive bias well in place and reclaims the area beyond the 147.00 barrier against the backdrop of broad-based risk-on mood, further gains in the US Dollar and higher US yields across the curve.
Gold clings to strong daily gains above $2,410
Gold (XAU/USD) trades decisively higher on the day above $2,410 on Thursday, looking to snap a five-day losing streak. Despite the renewed USD strength and rising US yields, XAU/USD seems to be attracting technical buyers after breaking above $2,400.
Bitcoin price poised for a potential relief rally before continuing its current downtrend
Bitcoin's (BTC) price is recovering from initial weekly losses after a 7% drop on Monday, trading 3.8% higher at $57,245 at the time of writing on Thursday.
Blaring the bear market siren
The market may long for a peaceful passage, but we're gearing up for what looks to be more akin to a rollercoaster expedition. Prepare for a potentially "Turbulent Thursday" and brace for what might become a "Frantic Friday."