DAX is approaching the all-time high range, while cryptocurrencies are generally holding steady
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Contributed on Monday, June 14, 2021⇒ This article’s shelf life is until June 16 at 13:00.
■ The biggest concern in financial markets is inflation in the West and East
■ The biggest concern in the crypto industry is regulation between the U.S. and China (regulatory amendments regarding El Salvador adopting BTC as legal tender)
On Friday the 11th, stock markets rose with European shares firming and major U.S. indices ending higher. The DAX approached record highs with a +0.78% day-over-day change. India’s Nifty50 rose 0.39% from the previous day, while Japanese stocks stayed tepid but overall global equities were buoyant. S&P 500 gains were not dramatic, yet it continued to hit new highs. Volatility decreased, with the VIX around a low of 15.65. NVIDIA, a major U.S. semiconductor stock, remained strong.
[Source] Trading View Germany DAX daily
Gold fell back to the 1,870s after dipping from around 1,900 on Thursday. Crude oil maintained an uptrend, staying around the 70s with a 1.14% daily gain. The currency market showed the dollar index rising while the euro weakened. Natural gas appeared to be breaking up. Among grains, soybeans showed a technical head-and-shoulders-like pattern. ※ For understanding technical analysis, refer to “What you should know about market commentary.”
[Source] Trading View Chicago soybeans futures daily
The crypto market remained broadly firm on a 24-hour basis. Although the overall market dipped on Sunday, it seems investors were reminded of the value of BTC being adopted as legal tender in El Salvador, with Bitcoin’s relatively firm price providing reassurance. Bitcoin dominance rate stood at 45%, moving up from lower levels.
The next major financial event is this week’s FOMC meeting on Wednesday (3 a.m. Japan time Thursday). With inflation indicators elevated, attention is on how policymakers view future monetary policy. In simple terms, they want to say tapering (reduction of quantitative easing) but are watching the timing.
[Stocks with Trading Potential]
DAX
NY crude oil, natural gas
Bitcoin, Ethereum
Soybeans
[What I want you to know about Market Commentary]
• Market analysis focused on professional traders
• Positioning of crypto assets from a macro view of financial markets
The content provided centers on these two points, considering the following:
This is something you must think through yourself.
① Is the materialonly temporary or lasting?
② Does the price impactlast beyond the initial shock?
Our content’s uniqueness: offering crypto market commentary from a broad view of financial markets
Uniqueness means how this content differs from other market analyses and market commentary.
※ Traders can trade anything; you may target hot and potentially profitable assets, and if crypto isn’t attractive, you can ignore it.
• It is enough to know explanations after events occur. Forecasting ability does not directly translate to trading results.
• It is not possible to explain the movements of the market as they happen in front of you.
• Even without a clear direction, profits are possible.
• When analysts/strategists say “it will go up,” you can use pullbacks or consolidations.
• Early moves are solitary, but you should ride the big waves.
Traders can win even without understanding market fundamentals. This content differs in scope from reports that focus solely on market commentary or market analysis and are not directly trading-related, though on the surface they may appear similar to general market conditions.
