CME_MINI:NQU2023 - PR High: 15525.50 - PR Low: 15509.75 - NZ Spread: 32.25 Economic Events: 09:45 – S&P Global Services PMI 10:00 – ISM Non-Manufacturing PMI - ISM Non-Manufacturing Prices Prev session closed relatively flat - Still inside Friday's range - Fair to expect a breakout trend in the near future Evening Stats (As of 12:05 AM) - Weekend Gap:...
Targeting sells on USD pairs today, gold seems to have risen overnight through LONDON. Im watching to see a rejection from a previous LH on the 30m chart. Also implementing Killzones into my trading, testing the waters with how they work for my strategy.
Using Killzones to enter in on a USDCHF short. Also watching EMA200 and Sold from a small 5m Support level Gives us 2 trades entered with a 20 pip TP and 54 pip TP. 1:1.3 R/R 1:3.6 R/R
Holding a buy from the resistance of 78-79. Im looking at EMA200 as 1Hr candles have closed above. Again using kill zones in my strategy now. Waiting for more news at 3:30pm on USD pairs
Key News: USA - ADP Nonfarm Employment Change (Jun) USA - Initial Jobless Claims USA - Services PMI (Jun) USA - ISM Non-Manufacturing PMI (Jun) USA - JOLTs Job Openings (May) USA - Crude Oil Inventories During Wednesday's trading session, the Dow Jones Industrial Average concluded the day with a decline, driven by the release of the Federal Reserve's meeting...
Selling EJ, Looks like a rejection of that strong resistance level ive mapped on my chart. With the Yen weakening, Im looking to short. News today 2:45 PMI and 3:00 PMI to watch.
With golds fall over the recent days, its clear to see its in a bearish channel. Im looking to sell now and target 1900, 1885 in the mid term. Price below 1910 will cause an impulse to 1900, Sell entered at 1912, let the melt begin...
Aiming for a previous HH. will wait for confirmation of a rejection of daily support, and enter on a long.
Im longing gold from 1942 area. Its looking like a rejection at the 40 level, I believe gold will see a push back up to 1958 and beyond in time.
Price fell last Friday due to non-farm payroll results at noon to around 1.07000. Balance of Trade for Germany (Apr) is set to release in 30 mins and might push the price lower to the last order-block. In 2hrs also, PMI is set to release with a consensus that is higher than 50. I expect the price to fall to around 1.06750 and rise to around 1.07400 before falling...
CME_MINI:NQM2023 - PR High: 14584.25 - PR Low: 14556.25 - NZ Spread: 62.5 Economic Events: 09:45 – Services PMI 10:00 – ISM Non-Manufacturing PMI Relatively small weekend gap down. - Yet to be filled - Didn't take long to break into PR bear zone. - Low volume to start Monday session. Evening Stats (As of 12:15 AM) - Weekend Gap: -0.08% (open > 14586) -...
The tech sector is on a tear. NASDAQ:NVDA earnings set the tone last week and the AI craze is on. NASDAQ:QQQ had a bullish week, closing up +3.53%, bringing it up +8.76% on the month. Strong earnings, job cuts, and developments in AI technology has sent the sector higher. Technical Analysis: The last two weeks saw NASDAQ:QQQ break out of the rising wedge we...
With a tentative agreement to raise the debt ceiling reached over the weekend, we now look to see how the markets react when it is voted on later this week. Technical Analysis: The megaphone pattern we’ve been watching all month is still in play. We also have the macro uptrend line that we have not tested since March. My general lean for this week is bullish....
Fundamental Backdrop This week watch out for notably the German Flash Manufacturing PMI and Flash Services PMI. The German Flash Services PMI is expected to drop from 56 to 55. This can cause the EUR to weaken further Technical Confluences Resistance at 1.09900 Near-term support at 1.07550 Major support at 1.05340 Idea We could possibly see...
Fundamental Backdrop The Flash Manufacturing PMI is expected to decrease from 50.2 to 50.0 which shows contraction in economic health. The Flash Services PMI is also expected to drop from 53.6 to 52.6. The FOMC Meeting Minutes on Thursday. The FED will talk about future interest rates which was previously indicated to be on pause. Technical Confluences...
What is the Manufacturing PMI (investopedia)? The Purchasing Managers' Index (PMI) is an economic indicator that measures the direction of trends in manufacturing and service sectors through a diffusion index. The PMI provides information about current and future business conditions to decision-makers, analysts, and investors. The PMI is based on a monthly...
CME_MINI:NQM2023 - PR High: 13324.50 - PR Low: 13305.00 - NZ Spread: 43.5 Evening Stats (As of 12:15 AM) - Weekend Gap: N/A - Session Open ATR: 205.77 - Volume: 20K - Open Int: 259K - Trend Grade: Bear - From ATH: -20.6% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 13531 - Mid: 12959 - Short: 12392 Keep in mind this is not...
The ISM currently stands at 46.3%, signaling a contraction. Business activity is implying that rising interest rates and growing recession fears are starting to weigh on businesses. The reading pointed to a fifth straight month of contraction in factory activity, as companies continue to slow outputs to better match demand for the first half of 2023 and prepare...