Trader thoughts - 10 key questions for the day and week ahead
With intrigue we continue to ask questions, such as:
- Can the NAS100 and US500 break to new all-time highs?
- On earnings, we hear from Tesla (26th), Apple, Microsoft, and Alphabet (all after-market on 27th). Facebook (28th) and Amazon (29th) – how will the numbers be digested by traders?
- Where on earth US bond yields trade. Have we seen a low? A push through 1.315% (in US 10s) would give me some real belief we have.
- Can EURUSD close through the floor of 1.1772 – especially in the aftermath of the ECB’s new lower-for-even longer (forever) mantra? Can the USDX break out and rally into 93.44 and above?
- Can GBP hold up in the face of a massive isolation exercise in the UK?
- Will the AUD look past Wednesday’s Aussie Q2 CPI?
- Will Gold hold the $1797-90 zone?
- Can the short-term bullish momentum in Oil continue and could price push back into $74-75 range?
- Will the Robinhood IPO get ahead as scheduled (29th July)? How much short interest will we see from the moment it lists?
- As a Melburnian , I'm obviously hoping we all see lockdown restrictions removed, but we should be watching coffee – it's flying, at the hottest levels in a year and causing a stir - +33% since April alone - highest levels since 2014, prices are going up.
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