Cheap Money Theme Helping Indices

September 23, 2016

Across all corners of the globe, traders know that the era of cheap… heck, some cases FREE, money is nowhere near done yet.

On the back of this theme continuation, it was equities markets that were once again the major benefactor. As well as:
– US stocks back to their highs.
– European stock markets experiencing their best day since Brexit.
– The USDX back testing support.

Remember when the stock market doomsayer came out from hiding? Well the Fed certainly made sure they were forced to crawl back into whatever hole they crawled out of for the day, because the S&P is back pushing those record highs!

S&P 500 Daily:
Click on chart to see a larger view.

So I know we haven’t been deviating from the major forex pairs and indices markets too often on the blog, so thought a quiet day like today might be a good chance to take a look at something different.

DAX 30 Daily:
Click on chart to see a larger view.

In yesterday’s scheduled speech, Draghi focused on overcrowding in the European banking industry as one major reason for the sector’s low profitability. While that topic was not particularly market moving, in an environment of low rates on both sides of the Atlantic the European indices have and will continue to benefit.

Another short-term bullish trend line (within a higher time frame bullish trend) on the DAX is a nice example of some momentum moves that indices are renowned for.

Vantage FX MT4 showing the indices markets available

Give the @VantageFX Twitter account a follow where we’re always happy to go over the other Indices markets on the Vantage FX MT4 platform.


On the Calendar Friday:
EUR French Flash Manufacturing PMI
EUR French Flash Services PMI
EUR German Flash Manufacturing PMI
EUR German Flash Services PMI
EUR Flash Manufacturing PMI
EUR Flash Services PMI

CAD Core CPI m/m
CAD Core Retail Sales m/m

Dane Williams – @VantageFX

Risk Disclosure: In addition to the website disclaimer below, the material on this page prepared by Forex broker Vantage FX Pty Ltd does not contain a record of our prices or solicitation to trade. All opinions, forex news, research, tools, prices or other information is provided as general market commentary and marketing communication – not as investment advice. Consequently, any person acting on it does so entirely at their own risk. The expert writers express their personal opinions and will not assume any responsibility whatsoever for the Forex account of the reader. We always aim for maximum accuracy and timeliness, and FX broker Vantage FX shall not be liable for any loss or damage, consequential or otherwise, which may arise from the use or reliance on this service and its content, inaccurate information or typos. No representation is being made that any results discussed within the report will be achieved, and past performance is not indicative of future performance.


Free Daily Market Update

Live Spreads



Sign up to the latest forex news and daily FX trading setups

Get started with a FREE $50,000 demo account