Where now, after Black Monday

Monica Kingsley Monicakingsley

S&P 500 bearish gap Sunday was closed through the 90-day tariff delay rumor, and all clients benefited on the move wildly – this much of influence on risk-taking tariffs duly have. Once the rumor was revealed to be false, stocks quickly cratered, but client gains were protected (that‘s the advantage of premium Telegram channels for such super fast moves measuring hundreds of ES points in the volatility these days).

Yesterday‘s video talked clearly the precarious China escalation position while Europe chose the negotiation route, offering 0 for 0. Volatility clearly peaked on Sunday‘s open, and real asset calls unfolded as called for clients on the weekend already.

Certainly excitement over SPY decline rejection yesterday, fine market breadth clues talked in today‘s packed video alongside gold, silver and USD with yields.

Author

Monica Kingsley

Monicakingsley

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

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.