Submitted Jul 27, 2020|From insights.globalprime.com|1 comment

The demise of the USD keeps on going. It has been and continues to be a bloodbath for the world’s reserve currency with EUR/USD breaking into its highest in 21 months circa 1.1750, Gold ballooning into all-time highs, Bitcoin taking out $10k, you ...

Submitted Jul 24, 2020|From youtube.com|1 comment

The main point to take home from this video about the bollinger bands should be that the bollinger bands are indeed a great technical tool to evaluate volatility in any market. As a result, it offers a blueprint to identify potential trading ...

Submitted Jul 13, 2020|From insights.globalprime.com

The market swiftly transitioned from ‘risk on’ vibes dominating proceedings for most of Monday to an abrupt change of heart, leading to the erosion of gains in the commodity-linked currencies and US equity indices in favor of the Japanese Yen and ...

Submitted Jul 12, 2020|From insights.globalprime.com

The indices show the performance of a particular currency vs G8 FX. A video on how to interpret these indices can be found in the Global Prime’s Research section. We enter a new week of trading with US equities charging higher following a late rally ...

Submitted Jul 8, 2020|From insights.globalprime.com|2 comments

What stood out through a Wednesday session vacant of market-moving fundamental news was the continuous fragility of the US Dollar, by far the worst performer, while on the other side of the spectrum, Gold added over 0.8% and convincingly broke ...

Submitted Jul 7, 2020|From insights.globalprime.com

The main take-away from Tuesday’s price action was an explosion in the price of Gold, hitting its highest level since 2011, alongside the eruption in buy-side flows in the Sterling amid speculation of a revival in Brexit talks, all in the context of ...

Submitted Jul 6, 2020|From insights.globalprime.com|1 comment

The underlying risk appetite phase we’ve transitioned into flared up on Monday, this time assisted from the early hours in Asia by the euphoria to keep buying Chinese stocks, where the Shanghai Composite soared over 5% to a 2-year high, driving ...

Submitted Jul 5, 2020|From insights.globalprime.com|1 comment

The markets are slowly returning to life after a lukewarm ending last Friday ahead of July 4th Independence day in the US. The Forex market is expressing ‘risk on’ flows at the open in Asia while equities remain underpinned overall. These punchy in ...

Submitted Jul 2, 2020|From insights.globalprime.com

The main take away from the last 24h of price action is that equities and currencies, despite the latter still moving at a slow pace, are still very much in-sync signaling that we are slowly but steadily morphing into a stage of more protracted ...

Submitted Jul 1, 2020|From insights.globalprime.com

The follow through in risk sentiment came to fruition and with it a fresh record high in the Nasdaq index, the S&P 500 sealing its bullish outlook as structure and momentum re-align, while the Pound and the Kiwi continue to be the darlings of FX ...

Submitted Jun 25, 2020|From insights.globalprime.com|1 comment

There was no definable theme in FX during Thursday, leading to choppier conditions in the charts, as depicted by the contraction nature of the currency indices performance. The fact that in the US equity space the S&P 500 found buyers off the bottom ...

Submitted Jun 24, 2020|From insights.globalprime.com

Can the fulcrum underpinning financial markets (Fed’s QE) perpetually underpin the exuberance in stock valuations, or will concerns over the disturbing rise in COVID-19 cases in the US finally tilt the balance in favor of sellers in a more ...

Submitted Jun 23, 2020|From insights.globalprime.com

Looking back to the last 24h, it was a rather convoluted affair during the Asian session, with a brief period of high volatility amid the scare over the termination of the US-China trade deal. In Europe, the risk sentiment mood was given a fresh ...

Submitted Jun 21, 2020|From insights.globalprime.com|1 comment

What started as a promising day for US stocks last Friday ended up with a reversal in the buy-side flows that sent the S&P 500 back below a critical support area at 3,070.00. More work needs to be done but tentative signs of a new bearish phase are ...

Submitted Jun 18, 2020|From insights.globalprime.com

The Pound was the main mover as one could have anticipated given the BoE monetary policy meeting, while the Yen and the US Dollar, both outperformed the rest of the FX pack. The disconnect between FX vs Stocks continues to be a notable feature at ...

Submitted Jun 17, 2020|From insights.globalprime.com|1 comment

The moves in FX were modest with fluctuations in confined ranges the norm. However, as we move into Asian trading on Thursday, risk-off associated currencies (JPY, CHF) are having another go higher as the market still acts prudent amid the ...

Submitted Jun 16, 2020|From insights.globalprime.com

After all said and done, we end with the validation of a fresh bullish phase in the S&P 500 through the 4h time scale, but interestingly, this must be reconciled with the 3 risk-off associated currencies (JPY, CHF, USD) higher for the day. On the ...

Submitted Jun 15, 2020|From insights.globalprime.com|1 comment

The market has gone through a very sharp reversal in risk sentiment over the last 24h as buyers returned in mass in the US equity space, leading to an outperformance of the Aussie in the currency market, while the Yen and the Swissy suffered the ...

Submitted Jun 14, 2020|From insights.globalprime.com

Judging by the alarming sell-side action in the equity space last Thursday (worst daily loss for the S&P 500 in 12 weeks), and after a period of vol contraction lacking the snappy traits perma bulls would have wished for on Friday, there is real ...