Trader's Calendar for Week of 4/15

TL;DR

The S&P breaks through 2900 with sentiment favoring the Bulls, while the weaker dollar impacts the Aussie dollar, euro, and oil prices.

Transcript

hi guys was gone midday here on Friday 12 April have a quick look over the charts let's against the last two paths of the last day of the week and we have a look at the calendar for next week as well as there's a couple of decent days to be aware or I mean it looked just like a chance this morning the S&P is pushed above 2900 finally breaking throu... Read More

Key Insights

• 🍳 The S&P breaking above 2900 suggests a favorable market sentiment and control by the Bulls.
• 💪 The correlation between the Australian dollar and S&P remains strong due to ongoing China trade talks.
• ✋ The weaker dollar influences the euro's position and contributes to higher oil prices.
• 😌 Positive news from Chevron and good earnings from JPMorgan provide a boost to the Dow Jones and relieve the lagging financial sectors.

Questions & Answers

Q: What impact did the S&P breaking above 2900 have on sentiment and market control?

The S&P breaking above 2900 signals positive sentiment and indicates that market Bulls have regained control. The next level to watch is 2945, which could further strengthen sentiment.

Q: How did the weaker dollar impact the Australian dollar, euro, and oil prices?

The weaker dollar helped push the Australian dollar higher against the yen and correlated with the rise in S&P due to China trade talks. It also influenced the euro's position, pushing it higher. Additionally, the weaker dollar contributed to the rise in oil prices.

Q: Why did Chevron's positive news impact the Dow Jones and financial sectors?

Chevron's positive news served as a good weight within the Dow Jones index, pushing the market higher. Along with good earnings from JPMorgan, it provided relief to the lagging financial sectors, positively impacting the overall performance of the index.

Q: What significant economic data releases are expected in the upcoming week?

Wednesday is the key day with trade balance data from China and Duran, along with a flurry of data from the UK, Europe, and the U.S. Thursday also offers notable economic releases, while Monday and Friday are relatively quiet.

Summary & Key Takeaways

• The S&P breaks above 2900, with the next level to watch being 2945, indicating positive sentiment and control by market Bulls.

• The Aussie dollar strengthens as the trade talks between the U.S. and China progress, and the weaker dollar influences the euro's position.

• Oil prices rise, breaking through a trendline and approaching the year's high, supported by positive news from Chevron.

• The Dow Jones receives a boost from good earnings by JPMorgan and relief from lagging financial sectors.

• The upcoming week's calendar shows quiet days on Monday and Friday, with Wednesday offering significant economic data releases.