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Powerful Momentum is Still Evident in the Foreign Exchange Market

July 23, 2020
Overview: The powerful momentum moves in the capital markets continues unabated by escalating US-China tensions and continued spread of the virus. Asia Pacific equities were mixed. Tokyo was closed for a holiday, but several other large markets in the region, like China, South Korea, and Taiwan markets slipped lower, while Hong Kong, Australia, an…
Powerful Momentum is Still Evident in the Foreign Exchange Market Powerful Momentum is Still Evident in the Foreign Exchange Market Reviewed by Marc Chandler on July 23, 2020 Rating: 5
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Pang of Uncertainty Spurs Profit-Taking

July 22, 2020
Overview:  The optimism among investors appears to have evaporated in the face of new US-Chinese tensions, possible delays in the next US fiscal stimulus, and new record virus infections in Australia and Hong Kong.   US stocks had pared early gains yesterday, and the high-flying NASDAQ finished lower after setting new record highs.  Hong Kong (-2.…
Pang of Uncertainty Spurs Profit-Taking Pang of Uncertainty Spurs Profit-Taking Reviewed by Marc Chandler on July 22, 2020 Rating: 5
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Europe and Tech Lift Risk Appetites

July 21, 2020
Overview: The continued domination of the tech sector and Europe's tentative agreement are lifting equities and risk assets more generally today.  Australia and Hong Kong's 2.3%-2.5% rally led Asia Pacific markets.  The Dow Jones Stoxx 600 is higher for a third session and above its 200-day moving average for the first time since February.…
Europe and Tech Lift Risk Appetites Europe and Tech Lift Risk Appetites Reviewed by Marc Chandler on July 21, 2020 Rating: 5
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Markets Yawn, Deal or No Deal

July 20, 2020
Overview: While there are signs that Europe has reached a compromise on the grant/loan issue, the spillover into the markets is quite limited.  China, with Shanghai's 3.1% gain, led a few markets in the Asia Pacific region higher, including Japan and India. Most markets were lower, and Europe's Dow Jones Stoxx 600 is a fractionally firmer,…
Markets Yawn, Deal or No Deal Markets Yawn, Deal or No Deal Reviewed by Marc Chandler on July 20, 2020 Rating: 5
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Ranges may Fray, but Do You Play for the Breakout?

July 19, 2020
The US dollar was mixed last week.  Sentiment appears tilted against it, but it is has not convincingly broken down.  The euro continues to flirt with the $1.14 area and the Australian dollar has stalled near $0.7000.  There does appear to be a more favorable reassessment of Europe and this is born out in several ways, including speculative positi…
Ranges may Fray, but Do You Play for the Breakout? Ranges may Fray, but Do You Play for the Breakout?  Reviewed by Marc Chandler on July 19, 2020 Rating: 5
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