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- Submitted May 11, 2020|From insights.globalprime.com|1 comment

We had an interesting shift in dynamics in the last 24h, where low vol in the S&P 500 has not been an impediment for the Aussie to see consistent follow through supply. In the equity space, the S&P 500 is my ultimate bellwether indicator of risk ...
- Submitted May 10, 2020|From insights.globalprime.com|3 comments

The markets looked past the 20.5m US job losses as part of last Friday’s NFP data as clearly depicted by the unfazed price action in the equity market, still showing a convergent bullish bias from a multi-timeframe angle as the 3k mark nears. The ...
- Submitted May 7, 2020|From insights.globalprime.com

Before getting into today’s technical stance in the most traded instruments, a note of caution to traders. We have a rather toxic combination by having UK markets closed in observance of May Day coupled with the release of the US NFP figures. A ...
- Submitted May 5, 2020|From insights.globalprime.com

The Euro was at the epicenter of the volatility hitting the currency market in the last 24h as German judges, in a process that has been dragging on for over 5 years, challenged the ECB on its QE activity, giving now three months to justify bond ...
- Submitted May 4, 2020|From insights.globalprime.com

While airline stocks took a big hit in the US on the back of the revelations that Warren Buffet’s had dumped all his stakes, that decision has not translated in follow through sell-side pressure in the S&P 500. The close, slightly positive, feels ...
- Submitted May 3, 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. “Sell in May and go away” to apply this year? It’s anyone’s guess, but what’s clear is ...
- Submitted Apr 30, 2020|From insights.globalprime.com

Trading the currency market is getting involved in a complex web of intertwined factors that to a lesser or greater degree will determine valuations in a particular currency pair at any point in time. However, as we approach month-end, a special ...
- Submitted Apr 29, 2020|From insights.globalprime.com|1 comment

Bulls kept pushing equities higher with flying colors towards levels that even if hard to justify, are nonetheless the default technical view whispered by price action all along. The S&P 500 broke into new trend highs and it looks like 3,000.00 is ...
- Submitted Apr 28, 2020|From insights.globalprime.com|1 comment

The lay of the land in the Forex terrain is not looking encouraging for the USD outlook in my book. Amid overall buoyancy in equity valuations as the world rolls back containment measures, the backdrop for the world’s reserve currency looks negative ...
- Submitted Apr 26, 2020|From insights.globalprime.com

The indices show the performance of a particular currency vs G8 FX. I always begin my daily analysis by understanding the latest action in the equity market and nothing beats tapping into the S&P 500 as the ultimate barometer of where that risk ...
- Submitted Apr 23, 2020|From insights.globalprime.com|1 comment

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. Traders had to digest a plethora of negative news such as absolutely catastrophic ...
- Submitted Apr 22, 2020|From insights.globalprime.com|4 comments

In Forex, the story is one of positioning for USD long-sided bias at discounts. In the case of the EUR/USD, a topside auction at the high-end of its established range was gratefully sold amid the highlighted divergence it presented with our prop USD ...
- Submitted Apr 22, 2020|From insights.globalprime.com

At the epicenter of the dial back in risk sentiment as a major influence to push the S&P 500 over the cliff and roll over (~-3%) we find the ongoing high vol rout in the Oil market. The June CL futures has effectively become the front-month ...
- Submitted Apr 20, 2020|From insights.globalprime.com|10 comments

What just happened to Oil? The unthinkable became a reality in the front-month May contract as the price of WTI got slaughtered as low as -$40.00. Producers are at a point where they no longer have sufficient capacity to store all the surplus of ...
- Submitted Apr 19, 2020|From insights.globalprime.com

The equity market in the US, as expressed through its bellwether instrument (S&P 500) continues to display bullish dynamics. The constructive price action happens at a time when developed countries, including the US, are laying out plans to relax ...
- Submitted Apr 16, 2020|From insights.globalprime.com

What did this push up in equities mean for the USD? After a promising run to the upside since mid-week, there is real danger that the flows in the Dollar start to revert in a more meaningful way the higher equities go following the newly found ...
- Submitted Apr 15, 2020|From insights.globalprime.com

What have we learned in the last 24h? Firstly, while some are busy looking for all types of narratives to justify the turnaround in the equity market, be it via poor earning guidance or US retail sales, those following my daily updates would know ...