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Forex News 24


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Posted: 02 Jul 2019 02:15 PM PDT

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integrating-trello-with-database

Integrating Trello with a Database Backend

Trello doesn’t do a great job of reporting or storing data. That’s where a database integr

Using its intuitive Kanban-style approach of moving cards to lists, organizations can use Trello for project management, software development, persona…

Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all.

Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

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Posted: 02 Jul 2019 01:53 PM PDT

Hits: 1


integrating-trello-with-database

Integrating Trello with a Database Backend

Trello doesn’t do a great job of reporting or storing data. That’s where a database integr

Using its intuitive Kanban-style approach of moving cards to lists, organizations can use Trello for project management, software development, persona…

Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all.

Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

Historical Returns for the 4th of July Holiday Week

Posted: 02 Jul 2019 01:46 PM PDT

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S&P 500 Outlook:

  • The average return for the July 4 holiday week since 1988 is -0.19% compared to a 1.13% gain for the month
  • Holiday trading hours create prime conditions for Black Swan Events and Stock Market Crashes
  • Thus, the SKEW Index has ticked higher and the week drags on

S&P 500 Outlook: Historical Returns for the 4th of July Holiday Week

Monday saw the S&P 500 close at a new all-time high following a trade war truce established over the weekend in Osaka, Japan. Optimism was abound, evidenced by the widespread demand for various risk assets and pain in the more-traditional safe haven assets. But Tuesday trading revealed that considerations remain as the S&P 500 slid lower. Still, the strong start to the holiday week is an encouraging first sign for the third quarter.

On average, the week of July 4th has seen the S&P 500 slide -0.19% since 1988. While past performance is not indicative of future results – particularly over a span of a few trading days – the holiday week does offer unique trading conditions. As with most national holidays, reduced market-hours and increased vacationing among traders results in lower liquidity – a phenomenon that can increase the potential for a Black Swan event.

The market's concern for those events are evidenced by a moderate rise in the SKEW Index, which seeks to measure the likelihood of a tail-risk event – admittedly an exceptionally difficult task. Simultaneously, the VIX is trending nearer to the 13 level – a sign that investors have grown complacent despite the liquidity drain ahead.

S&P 500 Price Chart Overlaid with VIX and SKEW Indices

S&P 500 price chart outlook and vix

That said, according to the historical performance of the weeks ahead, the outlook for post-Independence Day trading is generally optimistic. In the last 30 years, the S&P 500 has offered an average return of 1.13% in July – compared to a monthly average of 0.74%. On the other hand, and while correlation is not causation, the S&P 500 ended July higher 30% of the time when the week of July 4th posted a positive return. Still, the holiday week has come amid wildly diverse market conditions and at different stages in the business cycle.

With that in mind, it would be imprudent to ignore the current fundamental themes when looking to forecast S&P 500 performance. With the US-China trade talks in the rearview, market focus will shift to Friday's Non-Farm Payroll data which could result in heightened market impact given the conditions and weigh of the data. Sign up for the live webinar of the NFP data release to see the market's reaction in real-time. In the meantime, follow @PeterHanksFX for commentary on a variety of assets.

–Written by Peter Hanks, Junior Analyst for DailyFX.com

Contact and follow Peter on Twitter @PeterHanksFX

Read more:Bitcoin, Litecoin, XRP Price Outlook: Cryptos Continue Slide

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Sadly, that page will never exist again.

Posted: 02 Jul 2019 01:32 PM PDT

Hits: 5


integrating-trello-with-database

Integrating Trello with a Database Backend

Trello doesn’t do a great job of reporting or storing data. That’s where a database integr

Using its intuitive Kanban-style approach of moving cards to lists, organizations can use Trello for project management, software development, persona…

Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all.

Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

5 Top Stock Trades for Wednesday: NKE, AMRN, GS

Posted: 02 Jul 2019 01:07 PM PDT

Hits: 8


It was a dull day in the markets, with it seemingly feeling like investors have already hit the exits for the holiday-shortened week. Remember, U.S. stock markets close at 1 p.m. ET on Wednesday and are closed on Thursday for the Fourth of July. Let's look at some top stock trades going into Wednesday.

Top Stock Trades for Tomorrow #1: Nike

top stock trades for NKE
Click to Enlarge

Nike (NYSE:NKE) was in the news Monday after the company decided to shelf a pair of Fourth of July kicks that some found offensive. From a stock perspective though, all we're concerned about is the price action.

Nike stock slipped about 1% in response, as investors continue wondering if they'll get a better buying opportunity.

Since April, Nike stock has not been able to generate much upside momentum. However, each little pullback in June was been met with buyers. For that to remain true, NKE stock needs to hold its 50-day moving average and uptrend support level (blue line).

Below and we can get a pullback to the $80 to $81 area. While it will likely draw in buyers near that mark, a drop to the $77 to $78 area is possible if it fails as support.

Top Stock Trades for Tomorrow #2: Amarin

top stock trades for AMRNtop stock trades for AMRN
Click to Enlarge

Solid guidance sent shares of Amarin (NASDAQ:AMRN) soaring on the day, up more than 15%. It's got the $23 level clear in its sights, and will trigger a big breakout if it's able to close above it.

My fear here would be a gap-up over $23 that gets sold into. If that's the case, bears have a solid risk/reward should AMRN open above and then close below $23. Over $23 and bulls will maintain momentum.

Top Stock Trades for Tomorrow #3: Goldman Sachs

top stock trades for GStop stock trades for GS
Click to Enlarge

Goldman Sachs (NASDAQ:GS) gave a huge boost to its dividend last week. While other banks like JPMorgan (NYSE:JPM) and Bank of America (NYSE:BAC) raised their dividends, GS's put through a big increase of 47%.

In any regard, the bank stock is — unsurprisingly — struggling to hold onto its gains. Above Monday's highs is the most encouraging, allowing GS to embark on even more upside. However, it needs to hold over the $198 to $200 level.

Otherwise it will show that bulls have zero momentum right now.

Top Stock Trades for Tomorrow #4: Nio

top stock trades for NIOtop stock trades for NIO
Click to Enlarge

Nio (NASDAQ:NIO) has been ugly, but we have to give it credit, it sure is trying. Shares were up 7.5% at one point on Tuesday, as investors continue to try busting this one out of its nasty downtrend.

Over $2.80-ish gets Nio above prior downtrend support and the 20-day moving average, two levels that acted as significant resistance last month. If it gets above these marks, the declining 50-day moving average and prior downtrend resistance mark near $3.50 are on the table.

That's a lot of upside for aggressive bulls willing to speculate on the name. Let's see if it can breakout first, though. On the downside, keep watching $2.50 as support.

Top Stock Trades for Tomorrow #5: Kroger

top stock trades for KRtop stock trades for KR
Click to Enlarge

The last three weeks have been ugly for Kroger (NYSE:KR), and that may be putting it kindly. We highlighted the worry of closing below $23, so everyone bailing at sub-$21.50 has no excuse. We wrote: "$23 has proven to be a key level…Below that and KR could fall into no man's land, with multi-year lows lingering between $19 and $20."

Let's see if KR stock can rally back to $23. If it does, let's see if this level acts as resistance or if Kroger can reclaim it and push through downtrend resistance. If it either can't rally back to $23 or if the stock continues to slide, let's see if support comes into play between $19 and $20.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities.

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Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all.

Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

Forklift Driver Makes Nearly $25M Flipping Stocks

Posted: 02 Jul 2019 01:01 PM PDT

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From: Schaeffer's Exclusive of the Day
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2019-07-02 16:02:25



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Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.

3 Dow Jones Stocks to Buy for the Second Half: MCD, KO, and PFE

Posted: 02 Jul 2019 12:46 PM PDT

Hits: 11


As we start the latter half of the year, markets face uncertainty as to how the trade wars will develop, what the Federal Reserve will do next and whether the tensions with Iran will keep heating up. I am going to discuss three Dow Jones Industrial Average stocks that are appropriate for long-term portfolios: Pfizer (NYSE:PFE), Coca-Cola (NYSE:KO) and McDonald's (NYSE:MCD).

Having a long-term focus enables investors to patiently get through the weekly noise of the markets while they relax with the knowledge that their portfolio stocks have the quality to weather short-term adverse developments. These investors do not need to make constant plans for the payment of capital gains taxes as they do not have to worry about selling their shares in the short-run.

Finally, all three stocks pay stable dividends, which adds up over the years. Income investors know that they can compound their returns through reinvesting dividends from high-yielding shares.

Pfizer (PFE)

3 Dow Jones Stocks to Buy for the Long Term: Pfizer (PFE)

Source: Shutterstock

Pfizer is one of the world's largest prescription drug companies. Its global portfolio includes medicines, vaccines, and consumer healthcare products.

PFE stock's commercial operations fall under three segments:

  • Pfizer Biopharmaceuticals Group (Biopharma), a science-based innovative medicines business
  • Upjohn, a global, off-patent branded and generic established medicines business
  • Consumer Healthcare, which includes Pfizer's over-the-counter medicines

Pfizer's robust clinical pipeline has provided the company with impressive returns over the past few years. The group owns two of the world's best-selling drugs: the breast cancer treatment Ibrance and the blood thinner Eliquis (co-owned by Bristol-Meyers Squibb (NYSE:BMY)).

2019 has been a big year for pharma mergers and acquisitions (M&A). In June, Pfizer announced that it would be acquiring Array BioPharma (NASDAQ:ARRY), the cancer-fighting specialist biotech, in a deal worth $11.4 billion. ARRY's two drugs, Braftovi and Mektovi, have already been approved for treating metastatic melanoma. In Array BioPharma's last quarter results, the two drugs combined achieved $35.1 million in sales.

This acquisition is likely to strengthen Pfizer's long-term position in oncology, which is regarded as one of the fastest-growing segments of the pharmaceutical industry. Although analysts regard this buyout as a good decision for Pfizer, it is likely to be several quarters before the positive financial effects appear in PFE's balance sheet.

On April 30, the company reported Q1 2019 earnings that came to 85 cents. Total revenue stood at $13.1 billion, higher by 1.64% year-over-year (YoY).  The next earnings report will be out in late July. Most investors don't think of Pfizer as a high-growth biotech, but they do recognize it as a mature and defensive big pharma with stable revenues.

If you are interested in buying into PFE stock, you may want to study the next earnings release to decide whether you should own it for the long-term. With its robust balance sheet, low volatility, and strong AA S&P rating, the shares could be suitable for diversified portfolios.

PFE stock could also provide shareholders with a steady stream of income for decades to come. Pfizer's dividend, which currently stands at about 3.3%, has increased for nine of the last 10 years. Pfizer's cash flow is strong and should allow a dividend increase well into the future.

Coca Cola (KO)

3 Dow Jones Stocks to Buy for the Long Term: Coca-Cola (KO)3 Dow Jones Stocks to Buy for the Long Term: Coca-Cola (KO)

Coca-Cola is the world's largest beverage company with 20 different brands that generate more than $31 billion dollars in annual revenues. Many investors have regarded KO stock as a reliable investment over the years.

Coca-Cola stock tops the list of Warren Buffet's longtime favorite holdings. The Oracle of Omaha's Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B) owns 400,000,000 shares of Coca-Cola, worth over $18 billion. In the last quarter of 2018 when many stocks suffered sizable losses, KO was the only green stock among the top 10 holdings of Berkshire Hathaway.

Yet most of this decade, KO has had its share of challenges and seen declining revenues. There has been a drop in soda sales as the U.S. consumer moves towards healthier beverages like flavored water. It is worth mentioning that despite the decline in soda sales, gross margins have remained stable at about 60%.

Management has steered the company toward offering a beverage portfolio that seizes on the public's increased appetite for flavored drinks. In 2016, the company announced its "One Brand Strategy" and introduced a common visual identity and creative campaign for all brands.

This year, the company introduced a U.S.-wide ad campaign for its new flavor, Orange Vanilla Coke. As a result of the changes in product offerings, cherry and vanilla-flavored Cokes account for about 9% of the dollar volume but bring in 18% of the dollar growth.

KO also recently completed the acquisition of Costa Coffee, the biggest coffee chain in the U.K. Wall Street believes the purchase could lead to increased diversification away from soda and revenues, especially prompted by growth in the Chinese market, where Costa Coffee has almost 500 stores.

Offering hot beverages for the first time is yet another strategic step for the group as it addresses the shift in consumer taste and purchasing behavior.

As you decide what may be next for KO stock fundamentally, you may also want to think about whether the global economy or the U.S. is headed for a slowdown or recession.

During periods of market volatility or economic downturn, consumer staples tend to be among the last products removed from household budgets. In other words, defensive stocks like KO may help your portfolio when the going gets tough in the markets.

Despite the question marks regarding future growth at Coca-Cola, its dividends make the shares rather attractive. In February, the company increased its dividend and declared a new share buyback program.

The current dividend yield stands at 3.1% — another reason why I believe KO stock belongs to a capital-growth portfolio. The next dividend payment is scheduled for July 1, 2019 to shareholders who purchased Coca-Cola stock prior to the ex-dividend of June 13.

McDonald's (MCD)

3 Dow Jones Stocks to Buy for the Long Term: McDonald's (MCD)3 Dow Jones Stocks to Buy for the Long Term: McDonald's (MCD)

Source: Shutterstock

McDonald's operates in the fragmented food service industry, which includes competitors like Yum Brands (NYSE:YUM), Restaurant Brands International (NYSE:QSR), and Starbucks (NASDAQ:SBUX). It has over 36,000 restaurants in over 100 countries.

McDonald's latest earnings results came in better than expected. Group revenues of $4.95 billion topped analysts' estimates of $4.94 billion. Management gave an upbeat outlook on long-term growth and profitability.

In addition to the acceleration of U.S. sales, McDonald's stock has benefited from international growth. Comparable U.S. store sales rose 4.5%. Global comparable-store sales rose 5.4%, mostly thanks to promotional mixed-priced deals, as well as store renovations.

As one of the largest fast food chains around the globe, over 90% of the restaurants are currently franchised. The franchising business gives McDonald's a competitive edge as the initial fees and ongoing royalties mean high margins. MCD's operating margins now stand at almost 30%. As the franchisees carry the operating costs and business risks, McDonald's does not have to worry about the expenses of running those operations.

The company owns most of the properties where their restaurants operate and collects rent from franchisees. MCD leases those out to the franchisees, often at significant markups. It may not be wrong to say that the company is in the real estate business as much as food services.

In 2015, management initiated a turnaround plan focused on making MCD more agile by slimming down the corporate structures, improving menu quality, and delivering better customer service. Almost five years later, the steps have been paying off.

As part of its efforts to improve shareholder value, McDonald's has increased dividend payments since its first-ever dividend payment in 1976. The next dividend payment of $1.16 per share is expected to be paid out on Sep. 17. The current dividend yield stands at over 2.2%.

On June 25, MCD stock price saw an all-time high of $206.39. Year-to-date, the stock is up 18%. Although there might be some profit-taking in the MCD stock price in the coming weeks, I'd regard any dip as an opportunity to go long the shares. The company is a core consumer staples holding for a well-diversified portfolio.

As of this writing, the author did not hold a position in any of the aforementioned securities.

Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all.

Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

Gold 07.02.2019 – Resistance on the test

Posted: 02 Jul 2019 12:33 PM PDT

Hits: 14


IIndustry news:

Additional comments from White House trade advisor Peter Navarro continue to cross the wires, via Reuters, as he speaks in an interview with CNBC. Below are some key quotes.

“I hope the Fed will lower interest rates going forward.”

“U.S. policy toward Huawei and 5G has not changed, Huawei remains on the entity list.”

“Selling a small amount of chips to Huawei is small in the scheme of things.”

Trading recommendation:

Gold has been trading higher n past 24 hours but the resistance at the price of $1.404 came to the test and it is not good for buying here. In my opinion there is the potential for more down as long as the Gold is trading below the $1.424.

Yellow rectangle – Resistance ($1.405)

Blue trendline- Support ($1.382)

Red trendline – Downward sloping trendline

MACD oscillator is still in the negative territory below the zero, which is sign that sellers are still in control even there was a rally on the Gold. As long as the Gold is trades below the level of $1.424, I would watch for selling opportunities. Sell zone is set at the price of $1.405 (yellow rectangle). Downward target is set at the price of $1.382.

The material has been provided by InstaForex Company – www.instaforex.com
2019-07-02 17:09:43



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Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.

Xbox Live Free Games With Gold for July 2019 Xbox Live Free Games With Gold for July 2019

Posted: 02 Jul 2019 12:25 PM PDT

Hits: 7


<br /> Xbox Live Free Games With Gold for July 2019 Xbox Live Free Games With Gold for July 2019 | InvestorPlace

A ‘Castlevania’ title will be available from July 1-15

Microsoft (NASDAQ:MSFT) has announced its selection of Xbox Live Free Games With Gold for July 2019, which includes a number of solid titles such as a Castlevania game for Xbox 360 and Xbox One gamers.

Xbox Live Free Games With Gold for July 2019

Source: Microsoft

Here are the four games you can download next month with a Gold subscription:

  • Inside: For the entirety of the month, you can download Inside, which is an Xbox One game that came out in 2016. It is a puzzle-platformer adventure title that takes place in a dystopia and requires a lot of problem solving.
  • Big Crown: Showdown: This is an Xbox One game that can be played from July 16 through August 15, seeing friends battle each other in a competition for a crown. This title requires 4-player local and online multiplayer combat in three worlds full of shenanigans. There are 15 crazy courses full of hazards and frantic fights.
  • Castlevania: Symphony of the Night: This classic 1997 game is coming back to Xbox 360 and Xbox One gamers for Gold subscribers from July 1 through 15. It is a platform adventure action role-playing game that first came out of 1997 for PlayStation. The game has become a cult classic over the years.
  • Meet the Robinsons: This is another game that Xbox 360 and Xbox One gamers can access for free with a Gold membership. It will be available from July 16 to July 31.

MSFT stock is up about 0.4% Tuesday.


Article printed from InvestorPlace Media, https://investorplace.com/2019/07/xbox-live-free-games-with-gold-for-july-2019%ef%bb%bf/.

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Can you get rich from fx trading? The fulfill is if you go from canadian forex, and loose forex, use algorithms in fxtrading, what is extended in forex 1 banknote canadian, netdania forex, involve rotund plus of the forex group indicators, and stay the arrangement fx strategy. We instrument succeed win all.

Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

VIX Crushed as Risk Assets Rejoice G20 Summit

Posted: 02 Jul 2019 12:12 PM PDT

Hits: 8


VOLATILITY SWOONS ACROSS ASSETS ON US CHINA TRADE DEAL HOPES

  • Risk assets like stocks and crude oil soar following news that Trump and Xi agreed to a trade war ceasefire at the G20 Summit in Osaka, Japan over the weekend
  • Volatility readings for several asset classes crumble in response and continue the downward trend sparked by expectations of looser monetary policy
  • Traders could be blindsided by the Fed refusing to capitulate or if a US China trade deal fails to materialize as it has in the past

Volatility measures are plummeting for several asset classes such as US and EM equity markets, oil and gold prices, as well as for currencies and US10YR Treasuries. The sharp move lower in volatility comes in response to risk assets rising substantially on the back of positive developments out of the G20 Summit in Osaka, Japan over the weekend. The most prominent headline was US President Trump and Chinese President Xi deciding to scale back an escalating trade war between their two countries which comprise roughly 40 percent of global GDP.

VOLATILITY CHART OVERLAY OF GOLD, OIL, S&P 500, US TREASURIES, FOREX, EMERGING MARKETS: DAILY TIME FRAME (NOVEMBER 15, 2018 TO JULY 1, 2019)

The recent downshift in cross-asset volatility was initially sparked by hopes that central banks like the Federal Reserve (Fed) will cut interests rates to juice the economy to prevent further deterioration in already-weakening economic data. The recent spike lower looks like it could extend further as markets continue to digest more positive US China trade war rhetoric while Fed capitulation remains likely.

GOLD PRICE (XAUUSD) AND GOLD VOLATILITY (GVZ) CHART: DAILY TIME FRAME (NOVEMBER 15, 2018 TO JULY 01, 2019)

Gold volatility and spot gold price chart technical analysis

Spot gold was hit hard in particular immediately following the G20 Summit with XAUUSD dropping a whopping 1.61 percent as of mid-day Monday. Gold bears seized today's risk-on mood as the commodity begins to show loss of appeal due to lack of safe-haven demand.

Gold price volatility – as measured by Cboe's GVZ Gold Volatility Index – similarly swooned as the latest lack of market uncertainty looks to keep demand for gold subdued. Seeing the incredibly-strong correlation between gold volatility and spot gold prices, XAUUSD risks further weakness ahead. This is further suggested by a stark change in XAUUSD retail trader positioning with an increase in net-short positioning combining with a decrease in net-longs according to the latest IG Client Sentiment report.

US DOLLAR INDEX (DXY) AND US10YR TREASURY VOLATILITY (TYVIX) CHART: DAILY TIME FRAME (NOVEMBER 15, 2018 TO JULY 01, 2019)

TYVIX and US Dollar Index Price Chart Technical Analysis

The US Dollar has witnessed a strong rebound higher so far post-G20 Summit. A plausible explanation could be that the US economy may not experience as many headwinds owing to the latest deceleration in trade tensions with China. With an apparent ceasefire on the US China trade war, however, there may be reduced pressure on the Fed to cut rates later this month.

This has led to a repricing in the US Treasury market with interest rates on US debt climbing higher while investors flock away from the safety of bonds. The correlation between the US Dollar Index (DXY) and Cboe's US10YR Treasury Volatility Index (TYVIX) could return to its generally-inverse relationship as US interest rates rebound and thus poses a material upside risk to the greenback.

S&P 500 INDEX (SPX) AND US STOCK MARKET VOLATILITY (VIX) CHART: DAILY TIME FRAME (NOVEMBER 15, 2018 TO JULY 01, 2019)

VIX Index and S&P 500 Index price chart technical analysis

Traders' favorite gauge of volatility – Cboe's VIX Index – also plunged as risk assets like stocks celebrate the upbeat news out of the G20 Summit. In fact, the S&P 500 leapt to a fresh record high propelled by the latest influx of risk appetite.

Although, it is worth noting that investor complacency is a major threat to the global stock market. If central banks refuse to capitulate to the lofty rate cut bets currency priced in by traders, equities risk experiencing pain ahead which could send volatility snapping back. Moreover, a sharp rise in VIX could send a 'volatility shockwave' across asset classes with a hawkish Fed potentially serving as the catalyst.

OIL PRICE (WTICOUSD) AND OIL VOLATILITY (OVX) CHART: DAILY TIME FRAME (NOVEMBER 15, 2018 TO JULY 01, 2019)

oil volatility and crude oil price chart technical analysis

Likewise, crude prices (WTICOUSD) gained while oil volatility (OVX) extended its slide driven by comments from OPEC+ that the oil cartel and non-member countries agreed to extend production cuts in addition to the deceleration in trade war tension. The one-two punch provided crude oil bulls with positive developments for continued upward momentum which is being slightly offset by news that the European Union's INSTEX is officially online. With the rise in oil prices and decline in oil volatility, emerging markets fallout risk fades which is also implied by the steep drop in VXEEM – Cboe's Emerging Markets ETF Volatility Index.

— Written by Rich Dvorak, Junior Analyst for DailyFX.com

Connect with @RichDvorakFX on Twitter for real-time market insight

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2019-07-02 19:00:00

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