STOCKS with a fake-rally?
Good evening guys!
Damn.. what a sudden pump in the equitiy-market today ignoring all resistance-zones.
"Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession."
To be honest: When I saw the jobless claims I was pretty confident for our trades as good economic data should increase the likelyness for a tighter monetary policy in the future and did not even consider to early exit.
That is by the way what I`ve mentioned with "it is tricky" as we don`t know how the market is going to react.
When I look at the entire market I expect this move to be a trap for "liquidity-monkeys" giving big players good prices to distribute more of their positions.
NZD/USD (tradingview.com/x/z6wPD9X6/) aswell as AUD/USD (tradingview.com/x/ZvyrfbPl/) are both looking bearish to me not really following the todays risk-on-mood.
The volatility in the crypto-market is also showing less risk-appetite as Bitcoin moved up to 43.000 is currently below 40k, of course also caused by news from the USA (worries about the anonymity, money laundering etc.)... All very fishy to me...
However, EUR/USD is closed with -25 pips (-1%) aswell as NAS100 -160 point (-1%), while AUD/JPY and NZD/JPY are both still active looking goos for now as major supply-zones are holding.
For now I will observe how the market acts at the current highs and will check the volume before I execute any further trades.
Fundamentally it`s clear to me: Inflation aswell as the provided liquidity pushed equities and caused the entire rally.
More positive news from the USA should hurt the stockmarket and boost the demand for the US-Dollar as many shaky hands are sitting on their profits!
Crazy market! ;-D
Damn.. what a sudden pump in the equitiy-market today ignoring all resistance-zones.
"Wall Street's main indexes opened higher on Thursday after weekly jobless claims hit their lowest level since the start of a pandemic-led recession."
To be honest: When I saw the jobless claims I was pretty confident for our trades as good economic data should increase the likelyness for a tighter monetary policy in the future and did not even consider to early exit.
That is by the way what I`ve mentioned with "it is tricky" as we don`t know how the market is going to react.
When I look at the entire market I expect this move to be a trap for "liquidity-monkeys" giving big players good prices to distribute more of their positions.
NZD/USD (tradingview.com/x/z6wPD9X6/) aswell as AUD/USD (tradingview.com/x/ZvyrfbPl/) are both looking bearish to me not really following the todays risk-on-mood.
The volatility in the crypto-market is also showing less risk-appetite as Bitcoin moved up to 43.000 is currently below 40k, of course also caused by news from the USA (worries about the anonymity, money laundering etc.)... All very fishy to me...
However, EUR/USD is closed with -25 pips (-1%) aswell as NAS100 -160 point (-1%), while AUD/JPY and NZD/JPY are both still active looking goos for now as major supply-zones are holding.
For now I will observe how the market acts at the current highs and will check the volume before I execute any further trades.
Fundamentally it`s clear to me: Inflation aswell as the provided liquidity pushed equities and caused the entire rally.
More positive news from the USA should hurt the stockmarket and boost the demand for the US-Dollar as many shaky hands are sitting on their profits!
Crazy market! ;-D
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