December to be overshadowed by Omicron?

USA500, Daily December is traditionally a strong month for global equity markets, especially in BULL years. During November all three of the major US equity markets posted new all-time highs, before being shaken by the arrival of the latest COVID-19 variant – Omicron. Initial reaction, […]

Virus, inflation & Fedspeakers overshadow NFP

The markets changed on a dime last week as worries of the bearish impacts over the new Omicron covid variant weighed heavily on equities, while concurrently supporting a swift flight into haven assets. Inflation trades were hit hard and oil prices plunged alongside hefty declines […]

Surfing the Waves with Gregor Horvat: GER30, WTI, XAUUSD & More!

In today’s advanced Elliott Wave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX majors, and commodities, and discover how he applies EW principles to come up with his amazing forecasts! Timestamps: GER30 01:50 WTI […]

DXY Has the Double Zigzag Ended?

The formation of the DXY stock index suggests the development of a large triple zigzag consisting of cycle waves w-x-y-x-z. On the 1H timeframe, we see the second half of a large average wave y, which has the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of […]

Global PMI Day, and Potential Market Reaction

Usually, the first couple of days of the month have extra volatility as the major economies report PMI data. However, this month seems to have coincided that virtually all of the market movers will be reporting on the same day. The market is still digesting […]

Intraday Market Analysis – USD Seeks Support

USDJPY tests daily support The yen consolidates gains after a drop in Japan’s unemployment rate. The pair has met stiff selling pressure at March 2017’s high (115.50). The drop below 114.80 then 114.00 has forced short-term positions to bail out, exacerbating the sell-off. The US […]

Market Update – November 30– Stocks at ups & downs

Omicron remains in focus and warnings that it will leave current vaccines far less effective and that it will take time to modify and produce new ones has seen markets adjusting growth forecasts and central bank projections. USD (USDIndex 96.00 up from 95.92 low) saw […]

USDJPY – struggling to correct after a heavy fall on Friday

USDJPY, H1 Panic from the emergence of the Omicron variant resulted in the safe haven currency pair falling sharply on Friday from a high above 115.50 to a low of 113.00 and it is now trading back to this key 113.00 level after panic eased […]

Oil markets recover but volatility is never far away

USOil, H1 Oil prices have backed up from Friday’s lows and the front end WTI future saw a high of $72.16 per barrel this morning, as markets mull OPEC action. Russia’s Deputy Prime Minister Novak said a meeting of the OPEC+ joint ministerial monitoring committee […]

New Covid Variant: How Worried Should Traders Be?

As expected, trading on Friday was quite unusual. Of course, the big move was due to the sudden announcement of a new covid variant, that the WHO has designated as “omicron”. And now we all want to know what that means for the markets going […]