Nov15 – Market Analysis

Equity markets

Strong rallying and good closes for the US markets and for the Nikkei.  Main drivers are BOJ comments and Fed-nominee Yellen speech.

FX

For the first time in a while the matrix has again got a distinct strong group – EUR and GBP on 12 each and NZD on 11, and then another set of currencies CHF, USD, AUD on 7, 6 and 5 respectively and finally CAD and JPY on 3 and 0 respectively.

Still, there are only half a dozen pairs in S1 or S2 environments.

BOJ says that they will use FX intervention tools if need be – this triggers further weakness in Yen pairs throughout Thursday’s trading session.

  • There were no S3 setups for the FX pairs or the equity indices.
  • There were no STAM setups on FX (did not check thoroughly for the equity markets).

 

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