US equities sink on the day but hold the September lows (so far)
Relief rally on Friday? Or more selling?
Source: forexlive.com
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Bears beware: Some "bubble" has been taken out of the market
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
FX remains range bound despite strong risk sentiment
5/6/2021 8:20:56 AM GMT Equities were mostly higher yesterday, on cautious optimism over company earnings reports, with a clear divergence between the Dow Jones Index and the Nasdaq Comp as investors and money managers rotate away from growth and technology stocks and buy value driven and Dow components, as prospects for rising rates increase. FX staying range bound and choppy. Risk sentiment remains strong in the face of any short-term negative headline shocks. The economic data globally is strong despite some tighter restrictions in parts of the world, but traders are beginning to look towa...
Source: fxstreet.com
Are US markets signalling short term bottom in place?
Updated Mar 07, 2021 | 15:47 IST Interestingly, the charts of the Nasdaq Composite are placed at a very crucial juncture. There are 4 confluence of patterns which emerge on the charts of Nasdaq at this juncture. A major US index at classic short term bottom - positive for equities? This could be good news for the Bulls, yet again. The recent past major market trends in our indices have been influenced by what happens across many global markets, especially the US. Statistically, there is a 60-70% correlation between the US index and Indian indices which is a healthy...
Source: timesnownews.com