Winning risk-on plays

Monica Kingsley Monicakingsley

Neither S&P 500 nor Nasdaq could challenge Thursday‘s highs – opportunity to sell was acted upon right off the opening bell. Both decent intraday recoveries failed, and the indices closed on a risk-off mode – taking risk down was visible in the leader Russell 2000 as well.

Smallcaps have though offered great profit opportunities, and Wednesday‘s shallow pullback provided fine fresh entry point following S&P 500 spending much time below successive broken supports before rebounding off the 6,925 area – always better to underpromise and overdeliver when it comes to gains potential. Best of all, smallcaps behavior is the result of slow and steady market breadth broadening while S&P 500 isn‘t making much upside progress, and Big Tech is seeing relative setbacks.

Author

Monica Kingsley

Monicakingsley

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

EUR/USD rises toward 1.1650 despite increased risk aversion

EUR/USD gains ground after four days of losses, trading around 1.1630 during the Asian hours on Monday. The upside in the risk-sensitive pair may remain capped amid rising safe-haven demand, driven by escalating uncertainty surrounding the US–Greenland issue.

GBP/USD gathers strength to near 1.3400 on Trump’s tariff threats

The GBP/USD pair gains traction to around 1.3400 during the early Asian session on Monday. The US Dollar weakens against the Pound Sterling amid US President Donald Trump's latest tariff threats against Europe over ‌Greenland. The US markets are closed in observance of the Martin Luther King Jr. Day holiday on Monday.

Gold skyrockets to record high as dispute over Greenland escalates

Gold spikes to a fresh all-time peak, around the $4,700 neighborhood, at the start of a new week as US President Donald Trump reignites a trade war over Greenland, boosting demand for safe-haven assets. Moreover, a US Dollar pullback from its highest level since December 9 turns out to be another factor benefiting the bullion. However, growing on-hold Fed bets could act as a headwind for the non-yielding yellow metal.

Week ahead: US PCE and Davos in focus for Dollar traders – BoJ meets

US PCE, PMIs and remarks from Davos could impact Fed cut bets. BoJ to stand pat; focus to fall on guidance after election reports. UK CPI and retail sales data may confirm bets of more BoE cuts. Eurozone PMIs and Australian jobs data also on the agenda.

Think ahead: Powell to the people

What’s more surprising: the Fed Chair addressing the world by speaking directly to camera to accuse the White House of undermining the central bank’s independence - or markets barely reacting?

Dash Price Forecast: DASH defies headwinds, paces toward $100

Dash extends its rally, reaching an intraday high of $96.85 despite the broader crypto market correcting. Retail interest in DASH explodes as futures Open Interest soars to $165 million.