{"id":2380,"date":"2020-09-21T13:15:00","date_gmt":"2023-03-31T20:19:06","guid":{"rendered":""},"modified":"2024-05-29T08:08:49","modified_gmt":"2024-05-29T08:08:49","slug":"market-daily-outlook-indices-are-falling-hard-and-us-dollar-rebounds","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/market-daily-outlook-indices-are-falling-hard-and-us-dollar-rebounds\/","title":{"rendered":"Market Daily Outlook – Indices are falling hard and US Dollar rebounds"},"content":{"rendered":"

The selling bias prevails this month and there are almost 2 weeks left. All EU and US indices are forming bearish monthly candles as well as violating major daily resistances aggressively. On the other hand, the greenback reverses higher against its major counterparts. Coronavirus fears for further restrictions, cause headaches to all market participants. <\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

On major US news, the US Department of Commerce is going to <\/span>announce <\/span><\/a>its investigation findings regarding the potential Chinese yuan under-evaluation next week. Also, U.S. Magistrate Judge Laurel Beeler <\/span>halted <\/span><\/a>the Trump administration order to remove WeChat from the app stores (Apple-Google). On the contrary, Oracle-TikTok has been approved by Trump while Tesla’s Battery day is going to be the major event for tomorrow. <\/span><\/p>\n

On major EU-UK news, Boris Jonhson will talk about the scenario of a second lockdown amid coronavirus infections increase. London looks to be in the epicenter of the restrictions expansion. Additionally, the progress in Brexit doesn’t allow traders to be very optimistic as the negotiations have stopped again. Deutsche Bank <\/span>said <\/span><\/a>on Monday that the global economic recovery was stronger than expected. They projected that GDP will return back to normal levels by mid-2021.<\/span><\/p>\n

On Asia news, HCBC fell to the lowest level since 1995 leading the Hang Seng Index around 1% lower. Ms. Tsai Ing-wen.Taiwan’s President <\/span>said <\/span><\/a>on Monday that the drills near Taiwan Strait make Beijing a threat to the region.<\/span><\/p>\n

Reviewing the technical view, NAS100 verified the bearish continuation by losing the 23.6% Fibonacci level. Bearish MAs crossovers indicate that the midterm trend is turning downwards. The index may forms an ABCD formation. GER30 is violating the rising wedge to the downside. UK100 is heading to the lower side of the falling channel.<\/span><\/p>\n

NAS100 Daily
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<\/span><\/p>\n

GER30 Daily
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<\/span><\/p>\n

UK100 Daily
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<\/span><\/p>\n

CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

Even though there is selling pressure on indices, XAUUSD is currently dropping aggressively. Its already testing the lower side of the triangle while RSI is almost oversold.<\/span><\/p>\n

XAUUSD 240min
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<\/span><\/p>\n

USOil is currently ranging below 200 SMA and still holding the 50% Fibonacci level. Libya’s National Oil Corp has lifted the force majeure on oil fields and port starting from the 19th of September. This action will add 100k barrels per day in the market.<\/span><\/p>\n

USOil 240m
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<\/span><\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The selling bias prevails this month and there are almost 2 weeks left. All EU and US indices are forming bearish monthly candles as well as violating major daily resistances aggressively. On the other hand, the greenback reverses higher against its major counterparts. Coronavirus fears for further restrictions, cause headaches to all market participants.  CopyTrade […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2380","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970003:4"],"rank_math_seo_score":["16"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"abe6bc68c79f8008ae0f1b6801bb48b8\";s:6:\"images\";a:5:{i:0;s:56:\"\/image.axd?picture=\/2020\/2192020\/NAS100Daily 2192020.png\";i:1;s:56:\"\/image.axd?picture=\/2020\/2192020\/GER30Weekly 2192020.png\";i:2;s:55:\"\/image.axd?picture=\/2020\/2192020\/UK100Daily 2192020.png\";i:3;s:53:\"\/image.axd?picture=\/2020\/2192020\/XAUUSDH4 2192020.png\";i:4;s:56:\"\/image.axd?picture=\/2020\/2192020\/USOilSpotH4 2192020.png\";}}"],"rank_math_analytic_object_id":["160"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2380"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2380\/revisions"}],"predecessor-version":[{"id":3984,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2380\/revisions\/3984"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}