The Periodical: 18th March 2022
Peaks in oil and gold suprise the macro crowd, strength in USDJPY and a textbook trade in AUDNZD
Chart of the Week: DAX
Round Up
After the last few weeks of volatile price action, this week has been relatively tame on those terms. Stockmarkets have started to show signs of making the 40 week nominal low expected toward the end of March, with the FTSE having come down to target and now bouncing handsomely. The US markets are still a touch shaky and the possibility of a further low is not out of the question yet. Both the S&P 500 and DJIA have made strong upward moves but price needs to cross the 80 day FLD to confirm. Amplitude modulation across the indices is a fascinating aspect to equity markets at the moment. The German DAX, shown above, displays a very bullish looking bar at the monthly scale as it bounces off the 9 year FLD. Expect that FL…