FlowBank

386 days ago

USDCHF reversal. #dollar comes back like clockwork. #trading #forex #fx $SPY $QQQ

The dollar is coming back as predicted in light of still very attractive yields versus the Swiss franc or the euro. The reversal today is triggered or accelerated by worries about Credit Suisse, but really it is simply a reversal of flows that have sold off the dollar recently. Interestingly, 2-year US Treasury yields are diving 18bps today, and the dollar index is still up 0.9%! The USDCHF had a strong bounce off its support at around 0.91. Traders could expect it to revisit 0.93 - 0.93.5 or possibly stay at these levels, but a sudden drop is unlikely given the sticky US core inflation and wide yields differential with the CHF. 

#Stocks #Forex

386 days ago

Financial conditions tighten amid #banking stress. $SPY $QQQ #trading

We are having the most stress in US financial conditions since late September. Financial stocks have lost $465bn in market value, per Bloomberg. Historically speaking, this has shown to be a good time to buy stocks, given a long-term time horizon.

#Stocks #Forex

387 days ago

US inflation is cooling, #Stocks jump $SPY $QQQ

US CPI is showing signs of cooling, leaving room for the Fed to potentially 'pivot' on its rate hike cycle. Traders now turn eyes to jobless claims on Thursday, after the encouraging number last week. 

#Stocks #Forex

387 days ago

Core #inflation expected to remain hot #stocks $SPY $QQQ

US Core inflation (excludes food and energy) is expected to remain hot with core inflation month-over-month forecast seen at 0.4%, for 3rd straight month in February. Looking at purely YoY CPI, estimates are around 6%. 

#Stocks

388 days ago

Markets moves to Extreme Fear. #trading #stocks $SPY $QQQ

Yields for US 10-year treasuries are having an enormous move on the downside again today as investors panic, in fear of further contagion in the banking sector, plus tougher regulations that could come in the future. The dollar is making a strong move on the downside. The lower dollar and plummeting yields is good news for stocks, however. Once stocks stabilise from severely oversold levels, traders could find attractive opportunities. In the meantime, markets are behaving with high volatility and fear as the main driver.

#Stocks
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