Intermarket Analysis and Trading
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This market has remained in sucker zone for the entire month of August. This was a great month to take some days off trading. But volume should hit the wires this week and we have interesting setups across equities, bonds and currencies to get the ball rolling as we get underway on a thin monday.
Italian 10 year bonds are headed 100 WMA though support intra week stands at 99.8 zone.
Bunds on weekly show signs of exhautsion with ranges being 145 and 142. The weekly stochastic and vortex are bullish though momentum is fading.
UST2Y prices rose into closing on friday. This is a key move which could be signalling significant yen strength early next week. The stochastic and vortex have all nicely recovered but are still in selling zone.
Dollar index broke right through the 200 DMA and then closed at it. There are more deeper falls coming though I expect 200 DMA to be attained again. The daily stochastic and vortex are all bearish. The buy Netline now falls 82.3
Third consecutive weekly fall for Dollar Index and now approaching the 55 WMA at 80.8. On the weekly stochastics and vortex are neutral with further falls to be messy.
EURJPY daily is stuck in a tight spot here with both sides of the move very possible. The longs can be structured at 97.5 while any shorts can now move up to 100 levels. The positive stochastics and vortex allow for more gains but 2 year us treasury yields crashing into closing on friday does present a problem in any fast paced gains.
AUDUSD closed at the 200 DMA. Any close below 1.03 will mean the new targets are 100 DMA at 1.02. More falls are coming as stochastics and Vortex have fallen significantly and advocating more bearishness
Italian 10 year bonds are headed 100 WMA though support intra week stands at 99.8 zone.Bunds on weekly show signs of exhautsion with ranges being 145 and 142. The weekly stochastic and vortex are bullish though momentum is fading.
UST2Y prices rose into closing on friday. This is a key move which could be signalling significant yen strength early next week. The stochastic and vortex have all nicely recovered but are still in selling zone.Dollar index broke right through the 200 DMA and then closed at it. There are more deeper falls coming though I expect 200 DMA to be attained again. The daily stochastic and vortex are all bearish. The buy Netline now falls 82.3Third consecutive weekly fall for Dollar Index and now approaching the 55 WMA at 80.8. On the weekly stochastics and vortex are neutral with further falls to be messy.EURJPY daily is stuck in a tight spot here with both sides of the move very possible. The longs can be structured at 97.5 while any shorts can now move up to 100 levels. The positive stochastics and vortex allow for more gains but 2 year us treasury yields crashing into closing on friday does present a problem in any fast paced gains.AUDUSD closed at the 200 DMA. Any close below 1.03 will mean the new targets are 100 DMA at 1.02. More falls are coming as stochastics and Vortex have fallen significantly and advocating more bearishness
