Tariffs are causing some market jitters this evening, with most risk assets gapping lower.
In my opinion, there are some opportunities to buy the dip - but it may not be right away.
I'll be sharing any trades I take in VIP.
I'll be covering this in more detail during tomorrow's session. Stay tuned.
- Nick
In my opinion, there are some opportunities to buy the dip - but it may not be right away.
I'll be sharing any trades I take in VIP.
I'll be covering this in more detail during tomorrow's session. Stay tuned.
- Nick
I ended up being very wrong about gold last week. The Fed had no impact on this metal, rather, tariff concerns brought heavy demand to this safe-haven asset. The interesting thing about this situation is that both dollar and gold are moving up simultaneously. Safe-haven and risk-on trades will probably interchange throughout the year, so choppy markets could be expected in 2025.
-Frank
-Frank
The SPX500 is still getting a bullish score on the EdgeFinder which is probably justifiable for now. Despite a break in trend, economics are still healthy, and sentiment is likely going to flip-flop regardless. The best thing to do now is monitor how far the market corrects before bouncing back because this cycle may repeat several times just like in 2018. Price touched down to a falling trend line on the 1D timeframe and bounced about 70 points. We will see the impact for tariff news and whether or not we should sweat the quick sell offs or not.
-Frank
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-Frank
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Traders are long gold, oil, metals, SPX and RUSSELL. Neutral positions are USDJPY, GBPUSD, DAX, USDCHG and DOW. It appears that the market is less risk on for now as NASDAQ is the top seller.
-Frank
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-Frank
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Chart of the Day: AUDUSD π₯
Despite gold launching to new highs, the NAS and USD are one of the top long positions from last week. Gold entered the sell category in terms of change in net position last week. Oil, bond notes and DOW were also trimmed from last week.
-Frank
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-Frank
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ISM Manufacturing PMI Data came in at 50.9, surpassing the forecast of 49.3. This morning's figures indicate stable production in the US.
With tariffs impacting international trade, this metric might grow in importance. While the US economy isn't primarily driven by manufacturing, these tariffs could boost domestic production, making solid ISM data potentially as significant as Services PMI data moving forward.
-Frank
With tariffs impacting international trade, this metric might grow in importance. While the US economy isn't primarily driven by manufacturing, these tariffs could boost domestic production, making solid ISM data potentially as significant as Services PMI data moving forward.
-Frank
A1 TRADING | Forex & Futures
Despite gold launching to new highs, the NAS and USD are one of the top long positions from last week. Gold entered the sell category in terms of change in net position last week. Oil, bond notes and DOW were also trimmed from last week. -Frank Data Fromβ¦
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Chart of the Day: USOIL π₯
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Gold
Gold still gets a neutral rating on the EdgeFinder due to economic factors in the US. However, the trade war in the Americas and China has started to take a toll on financial sentiment. Investors flock to safe haven assets like gold and silver which continue to rip higher on bets that demand will decline for the dollar. Yields are falling another 1.5% this morning going into todayβs session. As long as this trend continues with yields/dollar, gold might keep finding new highs with occasional pullbacks. Market have been choppy the past few days.
-Frank
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Gold still gets a neutral rating on the EdgeFinder due to economic factors in the US. However, the trade war in the Americas and China has started to take a toll on financial sentiment. Investors flock to safe haven assets like gold and silver which continue to rip higher on bets that demand will decline for the dollar. Yields are falling another 1.5% this morning going into todayβs session. As long as this trend continues with yields/dollar, gold might keep finding new highs with occasional pullbacks. Market have been choppy the past few days.
-Frank
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