Bears In the Driving Seat for Tesla (TSLA)
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- April 18, 2024
OPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View EUR/USD: (Italics: previous analysis) Prime support on the weekly timeframe resides at $1.1473-1.1583—sharing space with a 100% Fib projection at $1.1613 as well as a 1.27% Fib extension at $1.1550. Interestingly, long-term stops likely rest south of the $1.1640ish lows and perhaps accommodate enough energy to fill $1.1473-1.1583 bids. To the upside,
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract is expected to open down 3 points.
READ MOREXJO WEEKLY: Last week’s low saw the retest of the 6890 completed, with a high close in the range.
READ MOREECB MEETINGS OF 2020 SHOULD REALLY BE CALLED ECB ‘STRATEGY REVIEWS’.
Newly minted Chair Christine Lagarde clearly wanted to give herself ‘room’ having ordered a review to consider all aspects of its mandates, targets specifically inflation, performance, operational tools, communication and policy setting, plus others. It clearly leaves the ECB in a holding pattern, but that holding pattern means its highly unconventional policies setting won’t change until the Strategy Review is complete.
Charts: Trading View US Dollar Index: The US dollar—according to the US dollar index—staged a comeback last week, snapping a two-week bearish phase. Supply-turned demand at 91.13-87.76 remains the centre of attention on the monthly timeframe, underpinning this year’s USD advance. In terms of trend, the greenback has been higher since bottoming in 2008. Though
READ MOREOPENING CALL: The Australian share market is expected to open higher. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View Brief Economic Review: The European Central Bank left interest rates unchanged, though did state that over the coming quarter it would ‘moderately’ cut back on PEPP purchases. The question is what is moderate? Weekly initial unemployment claims out of the US slipped to 310,000 versus economist forecasts of around 335,000. EUR/USD: (Unchanged
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract is expected to open down 3 points.
READ MORECharts: Trading View EUR/USD: Technical observations out of the monthly chart reveal large-scale support at $1.1816-1.1299, though prime support rests at $1.1473-1.1583 which happens to share chart space with a 100% Fib projection at $1.1613. This echoes a technically bullish picture, placing the retracement slide on the daily timeframe from late July tops at $1.1909ish
READ MOREOPENING CALL: The Australian share market is expected to open lower. The SPI200 futures contract is expected to open down 3 points.
READ MORE