Sunday, January 20, 2019

Week Ahead 4

Markets closed the fourth strong bullish week after the Xmas capitulation. First key test would be market reaction (US is closed on Monday) on the Chinese data released tonight. 

SP500 and Nasdaq are both approaching the pre Fed interest rate hike minor high.

DAX broke the Oct and Nov lows resistance.

Emerging markets are heading to strong resistance.

VIX felt bellow 20.00 but still above the key 15.00 level.

US yields are recovering from the Dec low. Curve remained flat.

After a false breakdown at 95.00 DX it is back to the 95-97 range.