Charts Today – US stocks jump, but positive sentiment likely to be short lived [Video]


Charts Today – 14 August 2019 – US stocks jump, but positive sentiment likely to be short lived

  • Dollar Index jumps to bullish and against the Yen.

  • Eurodollar lower and bearish shorter term.

  • Sterling still weak. Bitcoin weaker short term.

  • US stocks jumped but still close to daily cloud support again. That level is now critical.

  • US indices set to open lower today based on US futures.

  • UK blue chips and midcaps steady but still in bear trends.

  • Germany and French stock indices fall away, medium term bearish.

  • Asian stock indices mostly up overnight.

  • Crude oil moves higher, short term bullish.

  • Gold and silver pull back but still bullish.

  • US 10 year yields in the doldrums in the 1.60s.

  • Still quite a lot of worrying stock charts and getting harder to find good ones.

 

Nothing in this material constitutes advice and the content may have been prepared some time ago with the position having changed since. Specialist advice should be taken in relation to specific circumstances. No warranty, express or implied, is given as to its accuracy and we do not accept any liability for error or omission in the information contained in this material. Updata Limited and its employees shall not be liable for any damage (including, without limitation, damage for loss of business or loss of profits) arising in contract, tort or otherwise from any action or decision taken as a result of viewing this material. The views expressed in this material do not necessarily reflect the views of the officers, directors or any employee of Updata Limited.

Analysis feed

Latest Forex Analysis

Editors’ Picks

GBP/USD off 7-month highs, still firmer as Tories hold the lead

GBP/USD retraces from the new seven-month highs of 1.3180 but remains strongly bid, as weekend polls have reaffirmed a solid lead for PM Johnson's Conservatives. Cable dropped on Friday amid upbeat US data.

GBP/USD News

EUR/USD steadying above 1.1050 amid upbeat German export data

EUR/USD is trading above 1.1050, attempting a recovery after Germany reported an increase in exports in October. EUR/UDS dropped sharply on Friday amid upbeat US Non-Farm Payrolls and weak German industrial output. 

EUR/USD News

Forex Today: US-Sino trade tensions prevail, Boris closer to victory, EUR/USD licking its wounds

Trade talks: President Donald Trump has called on the World Bank to stop lending to China, a move that may aggravate tensions, with only six days to go until Washington is set to slap new tariffs on Beijing. Negotiations continue.

Read more

Gold: The set-up seems tilted in favour of bearish traders

Gold regains some positive traction amid persistent trade uncertainty. The upside is likely to remain capped ahead of the FOMC policy update.

Gold News

USD/JPY: tensions between Washington and Beijing back the JPY

Japanese Q3 Gross Domestic Product doubled the market’s expectations, up by 0.4%. The US calendar has nothing to offer today, attention focus on Washington-Beijing relationship. USD/JPY pressuring the post-NFP low, decline to accelerate once below 108.40.

USD/JPY News

Forex Majors

Cryptocurrencies

Signatures