TheOfficialAdli

TheOfficialAdli

Thursday 12th December at 10pm London time we will get the exit poll results of the general election and we believe the market is now very well positioned for a Conservative Party majority that is substantial enough to "Get Brexit Done" by 31st January 2020. The opinion polls have been remarkably stable in showing a consistent gap in favour of the Tories of no...

TheOfficialAdli Updated 

Sell at resistance - 1.70795 Break support - 1.70124 TP1 - ADR low of the day TP2 - 1.68064 Stop Loss - above 1.71742 December is the strongest month for NZD/USD on average over the past 20 years and that a crowded NZD-short is vulnerable. They also note that US tariffs against France (which were imposed hours ago) are a potential negative catalyst for the...

TheOfficialAdli Updated 

Resistance 1 - 2.00032 Resistance 2 - 2.01822 - 2.03225 Take Profit - 1.3994 Stop Loss - 2.05528 AUD and NZD are notably stronger to start the week as the overall positive risk tone and overnight Chinese data supports the antipodeans. China's Caixin Manufacturing PMI for November improved to 51.8 versus consensus of 51.4 and a prior of 51.7. Alongside the...

TheOfficialAdli Updated 

Buy from 1.9057 - 1.9096 Take Profit - Yesterday's HIgh Stop Loss - Below 1.9057 The standout performer during the Asia-Pacific session was GBP, boosted by the highly anticipated YouGov MRP poll. At the bottom of the pack was once again AUD, as concerns over rising tensions between the US and China weighed on the currency. YouGov's MRP poll - which correctly...

TheOfficialAdli Updated 

Sell 74.0095 - 74.160 or 74.290 if we see some pullback TP 1 - 73.860 at ADR low TP 2 - 73.663 Stop Loss - above 74.290 Quick update on this dominant currency sentiment theme for today's US session. We can see that we still have overall risk off tone in the market. However, it is clear that the risk tone has seem to have cool to a modest degree thru out the...

TheOfficialAdli Updated 

Buy around 1.1025 - 1.1032 Take Profit 1.0990 I still maintain downside bias for EURUSD. So far, the main driver is the strength of Dollar Index. We still have a broad based firmer Dollar as well as better than expected economic data released last week and yesterday. The other reason for EURUSD short is the fundamental outlook for EUR and Eurozone economy still...

TheOfficialAdli Updated 

Buy 61.63 - 61.67 Take Profit 82.42 Stop Loss below 81.32 The market's risk tone has begun the week on a positive note with reports that China is to increase penalties related to IP theft, along with lowering the threshold for violators according to fresh government guidelines. The more positive tone has resulted in Asia-Pacific indices residing in positive...