Indices

Technical Analysis – US 30 stock index may have more bullish fuel in store

Posted on April 30, 2020 at 2:04 pm GMT

The US 30 stock index (cash) closed positive above the Ichimoku cloud on Wednesday, increasing speculation that the short-term uptrend could further strengthen. A bullish cross of the 20-day simple moving average (SMA) with the 50-day SMA may add to the sentiment if it is finally completed. The fact that the price has yet to touch the upper Bollinger band at a time the MACD keeps rising above its zero and signal lines is also hinting that the next move [..]

Apple’s earnings could shake the entire market – Stock Market News

Posted on April 29, 2020 at 8:05 am GMT

The world’s second-largest company by market capitalization will release its earnings results on Thursday after Wall Street’s closing bell, and investors will be eager to find out how Apple sees its future sales and when it expects to release its next iPhone generation. Even if the stock takes a hit on gloomy guidance, the long-term story remains bright as the firm has a clean balance sheet that will help it weather this crisis. Beyond its own stock, Apple’s results – [..]

Technical Analysis – US 500 stock index’s positive picture stalls; edges sideways

Posted on April 28, 2020 at 6:56 am GMT

US 500 index (Cash) is experiencing some limitations around the 2,893 resistance, where the upper Bollinger band presently resides. The smoothed appearance in price action over the last two weeks is also demonstrated in the flattening of the 200-period simple moving average (SMA), as the price holds between 2,893 and 2,708. The short-term oscillators also reflect the stall in price and suggest a weakened state of directional momentum. The MACD, in the positive zone, is flattening slightly above its red [..]

Technical Analysis – JP 225 index unable to decisively close above 50.0% Fibonacci

Posted on April 24, 2020 at 11:54 am GMT

JP 225 stock index (Cash) appears mostly flat in the very near-term as it edges sideways into the Ichimoku cloud, capped by the 50-day simple moving average (SMA) residing at the 19,779 border, that being the 50.0% Fibonacci retracement of the down leg from 24,162 to 15,384. Extra neutral signals are reflected in the flattened Ichimoku lines, despite their bullish tone. The short-term oscillators further exhibit a picture of evaporated directional momentum. The MACD is above its red trigger line [..]

Technical Analysis – US 30 index stands below 50.0% Fibo; bullish correction in progress

Posted on April 24, 2020 at 10:51 am GMT

The US 30 stock index (cash) found strong resistance at the 24,443 level and the 50-day simple moving average (SMA), returning back below the 50.0% Fibonacci retracement level of the downward wave from 29,582.61 to 18,145 at 23,866. Technically, the RSI indicator, holding in positive territory, is moving sideways with weak momentum, while the MACD is standing above the trigger and zero lines but is failing to suggest any directional movement. Further declines may meet support around the 38.2% Fibonacci [..]

Technical Analysis – US dollar index ticks up; bullish in medium term

Posted on April 23, 2020 at 9:48 am GMT

The US dollar index continues to rise above the short-term simple moving averages (SMAs) following the bounce off the 98.30 support level. According to the MACD, positive momentum could push for further gains in the near-term as the indicator picks up steam above its trigger line. The RSI is also marginally advancing above the neutral threshold of 50. In the positive scenario, where the price continues to expand, a new top could be formed around the 101.00 barrier, where the upper [..]

Technical Analysis – US 500 index could confirm bullish bias above cloud

Posted on April 20, 2020 at 1:37 pm GMT

The US 500 stock index attempted to climb above the 50-day simple moving average (SMA) last week before the 2,893 barrier pushed it slightly back below the line. While the RSI is reversing lower, the MACD and the red Tenkan-sen line have yet to show any sign of weakness, hinting that upside corrections are still possible. Still, to confirm a sustainable upside move the bulls need to return above the 50-day SMA and more importantly run above the 2,893 peak [..]

Technical Analysis – US 30 index consolidates above 200-MA; maintains bullish tone

Posted on April 16, 2020 at 12:50 pm GMT

US 30 Index (Cash) has taken a breather, trading around the mid-Bollinger band after breaking above the 200-period simple moving average (SMA) on the four-hour chart. That said, the index sustains its bullish bearing and is aided by the supportive trend line drawn from March 23, which has merged with the upward-sloping 50-period SMA. Moreover, the short-term oscillators are holding onto positive improvements in the price and could be boosted by the approaching bullish crossover of the 200-period SMA by [..]

Earnings season: The good, the bad, and the very ugly – Special Report

Posted on April 14, 2020 at 3:50 pm GMT

This earnings season will be pivotal. With so little post-virus economic data so far, the real-time guidance by corporate executives could be invaluable. In a nutshell, while earnings and guidance will probably be gloomy overall, there might be huge contrasts between sectors. Industries like travel and energy will likely be decimated, whereas online retailers and home entertainment companies might have made a killing. All told, while significant downside risks remain for the market overall, some ‘value plays’ are also arising. [..]

Technical Analysis – JP 225 index re-tries to jump above 50.0% Fibo; slightly bullish in near term

Posted on April 14, 2020 at 1:04 pm GMT

The JP 225 index stretched its two-month old downside rally to an almost four-year trough of 15,383 before retracing half of the decline. The MACD seems to be gaining ground towards the zero line, the RSI is still hovering around its 50 neutral mark and the simple moving averages (SMAs) continue to point south, all signaling a more cautious trading in the short-term. In case of a bullish correction, the index needs to overcome the 50.0% Fibonacci of the bearish move from 24,031 to 15,383 at 19,713, and the 19,872 resistance before heading up [..]

Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. XM accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The research and analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests and to disregard any conflicts of interest in providing our services.

CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losing all of your invested capital, so please make sure that you fully understand the risks involved.

How can we help?

Live Chat Terms