tradingconmike

tradingconmike Updated 

Buy opportunity in the FX:EURUSD with a target at 1.07000 for a profit of 30 pips. With the data worse than expected from the news of Second-hand home sales, I expect the price rises to the level of 1.07000 Guys, what do you think? Leave a comment with your thoughts.

tradingconmike

The EUR/USD pair has crashed for five straight days as the US dollar has staged a strong comeback. This sell-off intensified on Monday after the US published strong retail sales numbers and after the weekend attack on Israel. It crashed to a low of 1.0630, its lowest swing since November 3rd. Bearish view: - Sell the EUR/USD pair and set a take-profit at...

tradingconmike Updated 

The Australian dollar continued its strong sell-off even as the prices of industrial metals continued bouncing back. The AUD/USD pair crashed to a multi-month low of 0.6450 on Monday, much lower than this month’s high of 0.6645. Bearish view: - Sell the AUD/USD pair and set a take-profit at 0.6425 - Add a stop-loss at 0.6525 Bullish view: - Set a buy-stop...

tradingconmike

Prospects remain positive as investors bet on lower global interest rates, perhaps look for diversification opportunities away from elevated stocks or, in the case of central banks, continue to reduce exposure to the USD (net central bank gold purchases have grown strongly in the past two years, reports indicate). Broadly, history suggests higher Gold prices are...

tradingconmike

Sell opportunity in the FX:EURUSD with a target at 1.07000 for a profit of 40 pips. With the data better than expected from the news of ISM Manufacturing PMI and the selling pressure that has existed in today's session, I expect the price falls to the level of 1.07000 Guys, what do you think? Leave a comment with your thoughts.

tradingconmike

GBP/USD holds support below 1.2600. Markets continue to reflect the expectation that the BoE will hold off until August before easing. Rate expectations are perhaps providing the GBP with a bit of a cushion against the USD’s advance. Sterling has rebounded modestly from the earlier session low. The GBP/USD pair based around 1.2590/1.2600, effectively a retest of...

tradingconmike Updated 

EUR/USD holds a very narrow range in the low 1.0800s. Bargain hunters are still likely to look at dips to near 1.0800 as a buying opportunity for now. Short-term trend dynamics are neutral while the daily and weekly DMIs still lean, if only moderately, EUR-bullish. That should limit downside pressure on spot in the near term at least. Resistance is...

tradingconmike Updated 

The drop in FX volatility after last week’s action is being helped by the PBoC's stabilisation of the Yuan and should not help the Yen, which remains the most popular funding currency for carry trades. Verbal interventions in Japan and the softer Dollar momentum are helping a bit, but the current environment suggests a recovery in JPY remains even more strictly...

tradingconmike Updated 

Short-term price action is leaning negative for the USD after spot peaked a little below 1.3615, close to where the USD has topped out a number of times since late February. Price action is bearish (an "evening star" candle pattern formed on the chart since late Friday) which should mean some corrective drift lower in in funds in the near term towards...

tradingconmike Updated 

Eurozone PMIs continued to paint a grim picture for the region’s manufacturing outlook. That is not hugely relevant for the FX market, anyway. The soft economic outlook in the Eurozone has been priced in for a while, and with markets relatively confident about a June European Central Bank cut, it’s mostly Dollar rate expectations that are set to keep moving...

tradingconmike

To what level can Bitcoin rise? There is an analyst that I respect a lot, from Standard Chartered, who has considered the most likely target for Bitcoin's rise, the price of 200,000. I am more of a chart person, and we are going to go level by level, seeing the evolution of the price on the chart. Financial advisors who have recommended their clients invest in...

tradingconmike

After the sharp drop that NVIDIA had on Friday, what consequences can we observe? Has the bubble been burst? Are we going to attend strong corrective phases? Following the line with the price at maximums on February 12 and 23, we can see that when it reached that resistance line last Friday, the price fell sharply. Since then it has moved laterally, above the...

tradingconmike Updated 

Buy opportunity in the FX:EURUSD with a target at 1.08418 for a profit of 20 pips. With the data worse than expected from the news of GDP (Quarterly) (Q4), I expect the price rises to the level of 1.08418 Guys, what do you think? Leave a comment with your thoughts.

tradingconmike Updated 

Buy opportunity in the FX:EURUSD with a target at 1.08375 for a profit of 30 pips. With the data worse than expected from the news of Services PMI, I expect the price rises to the level of 1.08375 Guys, what do you think? Leave a comment with your thoughts.

tradingconmike

The FX:EURUSD could move closer to the 1.0900 mark over the course of the week. EUR/USD saw biggest gain on Tuesday in almost one month (+0.3%). Nothing in the European or US data suggests a directional shift is imminent or justified. Technically, EUR/USD is attempting cross above 200-DMA (1.0827). If it overcomes this hurdle, the bounce could extend towards...

tradingconmike

On Friday, the S&P 500 in the last part of the session began to fall with some force. And today, we have seen that it has fallen and opened below the support zone at 4.998 The question we have to ask ourselves is: What does this mean? Does it mean it will continue to fall? Has a roof formed? Last Friday, the options contracts expired. This meant the...

tradingconmike

NASDAQ:TLT remains in a strong bearish trend. After breaking through the 93 zone, the bond price rose. It has not been able to break the first resistance found in the 103.70 zone, and it has another more important resistance in the 110 level. At the moment I am not going to buy long-term american bonds, and I am still invested in monetary asset investment...

tradingconmike

Sell opportunity in the FX:EURUSD with a target at 1.06950 for a profit of 20 pips. After testing the resistance at the 1.07254 level during the american session yesterday, I am looking for the price to fall towards the 1.06950 level where today's support is located. Guys, what do you think? Leave a comment with your thoughts.