SGT Trading Desk

SGT Chart Book

By SGT Trading Desk / 19 Jun 2023

SGT Chart Book: Having come through a week seeing CPI release and the FOMC announcement of “No Rate Change”, the upward trend continues to gather momentum. The RSI reading is getting into overbought territory.

SGT Chart Book

By SGT Trading Desk / 12 Jun 2023

A few points to note by way of introduction: 1. The premium investors demand to be compensated for taking the additional risks associated with equities compared to treasuries is the lowest level it has been in 15 years.

SGT Chart Book

By SGT Trading Desk / 05 Jun 2023

The main news events from last week is that the US debt ceiling politics are now in the rear view mirror with an agreement that each side of the isle maintaining they gave something up for the American people to get a resolution and not have to endure a disastrous outcome.

SGT Chart Book

By SGT Trading Desk / 29 May 2023

The main theme of the past week has been the debt ceiling negotiations, and at the time of writing it appears that there is an agreement in principle (big surprise there!). Legislators need to put this in place and sign off on the final agreement before the 5th of June deadline.

SGT Chart Book

By SGT Trading Desk / 22 May 2023

The U$ index saw a rally last week as the markets followed the debt ceiling negotiations ahead of a 1st June deadline. This will probably end up being another political event, with a solution found just before D-Day.

SGT Chart Book

By SGT Trading Desk / 15 May 2023

After the spike above the down trendline, the market has sold off and we are now seeing a period of consolidation. Currently holding above the 50-day moving average, as the market digests the economic landscape.

SGT Chart Book

By SGT Trading Desk / 08 May 2023

After selling off to below 33,000 earlier in the week, the market has turned up and looks like it wants to retest the trendline resistance. The market is digesting FOMC and the latest employment data.

SGT Chart Book

By SGT Trading Desk / 17 Apr 2023

Inter-market analysis can be extremely helpful in building out a technical picture across asset classes. Last week we saw potential completion of a 5 wave up moves in EUR/USD and XAUUSD, and a series of outside day* chart patterns, technical divergences or indicators rolling over across other markets.

SGT Chart Book

By SGT Trading Desk / 11 Apr 2023

Happy Easter all! The major theme across asset classes has been a consolidation of recent ranges, with the exception of the surprise OPEC production cuts, oil gapping up at last week’s open and silver breaking out from a series of lower tops with trendline resistance breaking at the 24.10/15 area.

SGT Chart Book

By SGT Trading Desk / 03 Apr 2023

XAGUSD Daily Bar Chart Silver testing trendline resistance area around 24.10/15 level. This is the 4th touch of a well-defined…