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2021-02-11 11:23:27 Equities finished flat (TWTR +13%). China, Japan, South Korea closed for start of Lunar New Year. US Inflation disappointed, taking the steam from “buy everything” rally of the last few days. Biden spoke of concern about China's "coercive & unfair economic practices" & human rights, ahead of speaking with Xi. Powell spoke of the bond purchasing programme continuing until Inflation rises. Lagarde talked of not the time to slow down fiscal support & a digital EUR within 4 yrs. Oil slips a tad, Gold also consolidates, 10yr yields dipped to 1.12%. Overnight German Wholesale Inflation spiked to 2.1% from 0.6%, AstraZeneca Q4 sales beat estimates.

Today - US initial/continued jobless claims, OPEC & IEA MOMR, ECB's de Guindos & Earnings from 185 US cos including PepsiCo and Walt Disney.

Biggest (FX) Mover (AUDUSD +0.38%) - Rallied to R1 at 0.7750, yesterday’s high 0.7755. Faster MAs aligned and trending higher, RSI 61 & rising, MACD histogram & signal line aligned higher and breaking over 0 line.

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2021-02-10 16:52:08 The Greenback came under pressure again this week, as stock markets rallied, the frenzy surrounding GameStop moved to #Tesla and #Bitcoin and US Treasury yields held up!

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2021-02-10 11:22:16 Equities finished flat but Asian markets & Futs higher after good earnings reports from Twitter, Cisco, Lyft and Toyota. Oil holds at 13-month highs, Gold holds 1840, BTC peaked at 48k and 10-yr Yields closed at 1.16% again, with expectations of inflation raised. Overnight JPY PPI in line but CNY CPI surprisingly dipped too (-0.3%), German CPI in line with expectations at 0.8%.

Today – US CPI, Oil inventories, ECB's Lagarde, Panetta, BoE's Bailey, Fed's Powell, new Bonds from the UK, Germany & the US – Earnings from Coke, General Motors, Under Armour, Uber & 152 more US companies.

Biggest (FX) Mover @ (07:30 GMT) USDCHF (-0.14%) Continued Friday's decline from 0.9050 highs and re-break of 20 MA on Monday below 0.9000 to test S1 today at 0.8910. Faster MAs aligned and trending lower, RSI 24 & and OS, MACD histogram & signal line aligned lower & significantly under 0 line, Stochs OS zone from earlier this morning. H1 ATR 0.0005, Daily ATR 0.0050.

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2021-02-09 11:19:40 Equities (Nasdaq +0.95%) & BTC (+20%, $47k) rally to new all-time highs & USD loses more momentum (USDIndex 90.65). USOil rallies to 13-month highs ($58.50), Gold up to 1840 and 10-yr Yields closed at 1.16%. Details of US stimulus package show unemployment insurance will run until August 29th, & $1,400 cheques at the same income level as prior round but will reduce when income hits 75K. EU will follow Australia and get tech firms to pay for news (FT). Walt Disney & Gen. Motors up over 4.5% ahead of Earnings this week.

Today - German trade balance, US NFIB Business Optimism, EIA STEO, ECB's Lane, Fed's Bullard, Earnings – Twitter, Cisco & Total.

Biggest (FX) Mover @ (07:30 GMT) NZDUSD (+0.40%) Continued Friday's rally from 71.35 lows and break of 20 MA yesterday at 0.7200 to test R1 today at 0.7245. Faster MAs aligned and trending higher, RSI 63 & rising, MACD histogram & signal line aligned higher & significantly over 0 line, Stochs falling from OB zone after R1 breach, MFI remains in OB zone.

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2021-02-08 11:43:36 Equities rally & USD loses momentum following weak NFP (49k vs 105k). Stimulus package ($1.9 tn – looks likely), vaccine rollout and signs of virus containment increase sentiment & prospects of economic recovery. Oil (+1%) & Nikkei 225 (+2.12%) big gainers in early week trades. Yellen talks of stimulus cheques for all earning less than $60K and that unemployment could be back to pre-pandemic levels during 2022. 10yr Treasuries spiked higher (2.72%) to 1.17%.

Today - Eurozone Sentix, ECB's Lagarde, Fed's Mester.

Biggest (FX) Mover @ (07:30 GMT) NZDJPY (+0.25%) Continued Friday's rally from 75.30 low and break of 20 & 50 MA to 76.00 earlier today. R1 & Upper BB 76.10. Faster MAs aligned and trending higher, RSI 57 & and rising, MACD histogram & signal line aligned higher significantly over 0 line, Stochs falling after 76.00 breach. H1 ATR 0.0930, Daily ATR 0.5650.

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2021-02-05 18:00:45 This essential app is FREE, comprehensive and has a wide range of features for every type of trader!

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2021-02-05 12:04:39 Stock markets have moved broadly higher overnight after a strong close on Wall Street, which was supported by indications that the labour market is recovering, positive forecast for upcoming earnings, ongoing hope of stimulus as markets buy into the expected recovery in the world economy later in the year, when vaccination programs have helped to re-open economies. Global stock rally also paused briefly & despite cautious words from central bankers highlighting ongoing risks, investors are increasingly buying into the recovery story. Strength was also broadbased though paced by tech, financials, energy. USA100 climbed to 13,777. That left sentiment upbeat ahead of the US payroll numbers today. Also helping has been the improving outlook on the pandemic as vaccine jabs increase and virus cases slow.

Biggest (FX) Mover – USOIL (-0.80% as of 08:50 GMT) – clocked a fresh 1-year high at $56.84, breaking the 200-week SMA with a strong weekly bullish candle ignoring the 3-week doji candles posted so far.

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2021-02-04 16:29:45 A busy start to February has seen continued support for the Greenback, a surprise from the RBA and a big bounce back for private jobs in the US. With the #BOE, Weekly Claims and #NFP still to come what more could be in store this week?

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2021-02-04 11:57:50 The global stock rally has run out of steam and Asian equity indexes are broadly lower. The USA100 gave up gains to finish fractionally in the red. Risk appetite remained supported by mostly robust earnings, stronger than expected data, and hopes of a hefty $1.9 tln stimulus package.

Today: Focus mainly on Eurozone retail sales and the UK CIPS Construction PMI. The ECB releases its latest economic bulletin and markets will also look to Italy, where former ECB head Draghi accepted the mandate to try and form a new government. The BoE will announce its latest policy review today.

Biggest (FX) Mover – GBPAUD (-0.49% as of 09:50 GMT) – it continued aggressively southwards for the 2nd day in a row, reverting more than 35% of January’s gains. The asset is below 50- and 200-DMA, while intraday its fast MAs are sloping aggressively lower. Technical indicators are negatively configured with any rebound implying an increasing negative bias. ATR 0.00187, Daily ATR 0.01109.

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2021-02-03 16:40:55 Watch Stuart's analysis of the market moves of 2020 and what could lie ahead for 2021 - then download our exclusive Global Trends Report for even more insights!

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