Source: Tradingview April 20 2023 7:10 UTC
The above chart illustrates the 5 year relative percentage performance of a US 30 Index buy and hold strategy vs the personal consumption expenditures price index (PCE), a leading indicator of US inflation.
Market Talk
Stock market and “real” asset investors have beat inflation so far...
- During the last five years the US 30 has increased by +30%
- During the last five years core US PCE inflation has increased nearly 16%
During periods of high inflation investors tend to turn towards “real” assets for inflation “protection”
Gold vs PCE Index
Source: Tradingview April 20 2023 7:10 UTC
The above chart illustrates the 5 year relative percentage performance of a gold buy and hold strategy vs the personal consumption expenditures price index (PCE), a leading indicator of US inflation.
Upcoming Events:
Today’s economic calendar
- EU Stocks 50 index in focus: EU consumer confidence due, EU Stocks 50 index relative strength slowing, however, the uptrend remains intact. Long positions for prospects near the 4,520 extension provided price can remain above the 4,270 support.
Source: Quandl April 20 2023 6:50 UTC
Earnings Season:
On deck today:
Source: US100 earnings calendar April 20 2023 7:36 UTC
Today’s trading bullets
EUR / NOK pushing new highs
Source: Tradingview April 20 2023 7:42 UTC
- EUR / NOK current price is above all time frame moving averages (bullish); price is above 13 day, 25 day, 49 day, 100 day, and 200 day moving averages. Momentum indicators MACD and RSI indicate that upside momentum remains positive. Therefore, further upside prospects for a move towards the 11.67552 - 11.755547 zone remains provided price can remain above the lower 11.46867 very short term (5-13 day) support.
Capitalise on volatility in Forex markets
Take a position on moving Forex prices. Never miss an opportunity.
Not investment advice. Past performance does not guarantee or predict future performance.
