From the Punter Trenches (22 Jan 2018)

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By Tanya Rawat

Cryptocurrencies back to languishing levels. ETFs based on block chain technology viz. BLOK and BLCN respectively doing well since their debut.

Gold still hovering at $1330/oz levels, while the Euro is markedly stronger today at 1.2246 handle. FTSE continued to get smacked on a stronger pound, coming close to the psychological 1.40 handle. DAX continues to hover around 13500 for a while (resistance tested in 2017 as well) and SXXP has tested ~400 levels a few times already since 1998 and has been unable to breach it (key resistance level).  US 10Y Treasury yield breached key weekly and monthly resistance level of 2.65. Dollar continues to stutter around 90 handle while increasing the probability towards the 88 handle.

Questions? Comments? Contact me at Tanya@rawatspeaks.com.

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