Macro Update: Are Global Bond Yields in Secular Decline?

TL;DR

In today's market analysis, the speaker discusses key upcoming data releases, highlights important levels for major markets, and identifies potential trading opportunities.

Transcript

hi guys good afternoon from London Thursday 28th for March just got midday here it's having a quick look over the calendar and then the charts that where we're trading and possible areas to be aware of for a couple of couple of markets this morning relative require on the data front in half an hour we have the final GDP reading out of the states no... Read More

Key Insights

• #️⃣ The final GDP reading from the US and CPI numbers from Germany are the key data releases for the day.
• 😘 The S&P market has important levels to watch, including recent lows and highs.
• ❓ The potential for a Golden Cross in the S&P market is influenced by RSI divergence.
• 🍳 Gold has broken out of a flag pattern and is currently experiencing downward movement.
• 😘 The oil market has significant levels to monitor, including historical lows and trendlines.
• 📉 The euro market has been on a downward trend, with poor CPI data contributing to the overall bearish sentiment.

Questions & Answers

Q: What data releases are expected today that could impact the market?

The final GDP reading from the US and CPI numbers from Germany are the key data releases to watch for potential market impact.

Q: What are the significant points to be aware of in the S&P market?

The lows from yesterday, the week's low around S1, yesterday's high, and the pivot point at R1 are important levels to monitor for potential trading opportunities.

Q: What is the potential for a Golden Cross in the S&P market?

A Golden Cross, where the 50-day moving average crosses above the 200-day moving average, could potentially signal a bullish trend. However, RSI divergence suggests possible downside momentum.

Q: How has gold been performing recently?

Gold has broken out of a flag pattern and has seen a significant push lower. Any retests of previous levels could provide trading opportunities.

Q: What levels should be watched in the oil market?

The significant levels to watch in the oil market are 58, which has been historically important, and the lows of the morning and yesterday. A break below these levels could indicate further downside.

Q: What is the overall trend in the euro market?

The euro has been on a downward trend since the beginning of the year, with recent poor CPI data continuing the trend. A push through the recent lows may require further negative sessions.

Summary & Key Takeaways

• Final GDP reading from the US is expected to have a limited impact on the market, unless it falls outside the range of 1.8% to 2.7%.

• Initial jobless claims data is unlikely to be significant.

• CPI numbers from Germany may have some influence on the market.