Cheap Money Theme Helping Indices | Vantage FX

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

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