Macro: Sandcastle economics
Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.
Access both platforms from your single Saxo account.
Technical analysis
Cramer's Corner: Daily Technical Update - Rotation from big to small caps? JPY pairs bouncing
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
Technical Analyst, Saxo Bank Group
Summary: Cramer’s Corner: Daily Technical Update
Kim Cramer Larsson hosts the Daily Technical Update, a daily 8-10 minute video with live charts.
Kim takes you through the latest technical developments in financial markets, covering everything from the major stock indices, widely traded single stocks, commodities, currencies and interest rates
In today’s Technical Update:
- Semiconductors bearish engulfing top and reversal candle
- S&P 500 bearish engulfing top and reversal candle
- Nasdaq 100 RSI divergence
- Russel 2000 small caps higher. Rotation from big to small caps?
- EuroStoxx50 another go at 5,000? Support at 4,888
- DAX. Rejected at 18,630 resist
- AEX25 uptrend stretched, 950-960? key support at 918.50
- CAC40 key support 7,464. Rejected at key resistance at 7,725
- SMI20 broken upper bound 12,182, resuming uptrend
- Time 4.57
- EURUSD above resist at 1.0852. Potential to 1.0916 but struggling
- EURGBP below support at 0.8428, likely lower to 0.84
- GBPUSD bullish potential to 1.30
- USDJPY bouncing from trendline and at 0.618 retracement at 157.37
- EURJPY correction 0.50 retracement
- AUDJPY bouncing from 0.382 retracement
- GBPJPY bouncing from rising trendline, 0.382 retracement
- AUDUSD reached 1.618 projection at 0.68, likely move higher
- USDCAD wide range 1.3785-key support at 1.3590
- EURCHF rejected at 0.9755
- USDCHF correction to 0.618 retracement at 0.8912
- Dollar Index below support at 104.26, next 103.68
- Time 11.46
- Gold reached 0.786 retracement bullish upside potential to 2,415-2,450
- Silver 0.786 retracement, upside to 31,67-32,52
- Platinum failing to follow through, sliding lower
- Copper strong resistance at 469.60
- WTI rebounding, having another go at 84.46 resist ?
- Brent Crude rebounding
- US 10-year T-yields testing key support at 4.17
- US 2-year T-yields below support at 4.48, next around 4.37
Follow me for more on SaxoTrader platforms, home.saxo and X (Twitter): Cramers_Corner
Quarterly Outlook 2024 Q3
Sandcastle economics
-
-
Bonds: What to do until inflation stabilises
Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain inflation and evolving monetary policies.
-
Equities: Are we blowing bubbles again
Explore key trends and opportunities in European equities and electrification theme as market dynamics echo 2021's rally.
-
FX: Risk-on currencies to surge against havens
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperform in Q3 2024.
-
Commodities: Energy and grains in focus as metals pause
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities in Q3 2024.
Disclaimer
The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.
Please read our disclaimers:
- Notification on Non-Independent Investment Research (https://www.home.saxo/legal/niird/notification)
- Full disclaimer (https://www.home.saxo/en-gb/legal/disclaimer/saxo-disclaimer)