Still good enough SPX breadth?

Monica Kingsley Monicakingsley

S&P 500 did its backing and filling within still overall bullish sectoral positioning – or was tech daily underperformance a risk-off sign? I‘d examine the view in more than daily perspective, paying attention to volitility and bond market clues alike – that‘s exactly what I did in today‘s packed video, adding USD as the key red flag as well.

You‘ll also enjoy the review of gold, silver, oil and copper that Trading Signals clients had been getting – the disconnecting gold and silver charts (talked GSR lately in detail), and oil didn‘t enjoy at least a brief sideways to up period of a few days before going south (it just did decline, bucking copper).

Saturday‘s extensive video had more details, pay attention to the real asset and setock market ratios presented earlier too. All eyes on Trump-Bessent speech (markets want substance I tweeted) and then the usually more sobering one (for the bulls I mean) Lutnick one. UPS job cutting news in response to AMZN one, isn‘t what the market would want to see, but I talked the disconnect between soft (consumer confidence) and hard data (retail sales) as about to get resolved a certain way lately… Can BTC and MSTR be really bothered?

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

EUR/USD hits two-day highs near 1.1820

EUR/USD picks up pace and reaches two-day tops around 1.1820 at the end of the week. The pair’s move higher comes on the back of renewed weakness in the US Dollar amid growing talk that the Fed could deliver an interest rate cut as early as March. On the docket, the flash US Consumer Sentiment improves to 57.3 in February.

GBP/USD reclaims 1.3600 and above

GBP/USD reverses two straight days of losses, surpassing the key 1.3600 yardstick on Friday. Cable’s rebound comes as the Greenback slips away from two-week highs in response to some profit-taking mood and speculation of Fed rate cuts. In addition, hawkish comments from the BoE’s Pill are also collaborating with the quid’s improvement.

Gold climbs further, focus is back to 45,000

Gold regains upside traction and surpasses the $4,900 mark per troy ounce at the end of the week, shifting its attention to the critical $5,000 region. The move reflects a shift in risk sentiment, driving flows back towards traditional safe haven assets and supporting the yellow metal.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid risk-off, $2.6 billion liquidation wave

Bitcoin edges up above $65,000 at the time of writing on Friday, as dust from the recent macro-triggered sell-off settles. The leading altcoin, Ethereum, hovers above $1,900, but resistance at $2,000 caps the upside. Meanwhile, Ripple has recorded the largest intraday jump among the three assets, up over 10% to $1.35.

Three scenarios for Japanese Yen ahead of snap election

The latest polls point to a dominant win for the ruling bloc at the upcoming Japanese snap election. The larger Sanae Takaichi’s mandate, the more investors fear faster implementation of tax cuts and spending plans.

XRP rally extends as modest ETF inflows support recovery

Ripple is accelerating its recovery, trading above $1.36 at the time of writing on Friday, as investors adjust their positions following a turbulent week in the broader crypto market. The remittance token is up over 21% from its intraday low of $1.12.