#GOLD.. well guys market closed hour below 2045 as i mentioned in my perveious idea and boooooom.... now market is at his most expensive level 2029 keep close it because it can change the overall storey .. only holding of this area can create again buying pressure from here. otherwise below 2029 next areas are mentioned on chart... stay sharp guys. trade...
The British pound is showing limited movement on Wednesday. GBP/USD is trading at 1.2582 in the North American session, down 0.10%. The UK Construction PMI ticked lower to 45.5 in November, compared to 45.6 in October and shy of the consensus estimate of 46.3. The construction sector has been in contraction for most of the year and the November print marked a...
First of all , let's have a look on the TVC:GOLD Chart ! As you can see, based on the latest gold price analysis, we saw that the price, as we expected, was accompanied by a further drop and was able to correct until $2009! In the last 2 days, we saw the price rise to $2149 and then a heavy drop of 1373 pips to the range of $2009! Based on the assumptions of the...
The Canadian dollar is showing little movement on Friday. In the European session, USD/CAD is trading at 1.3740, up 0.03%. The week wraps up with US and Canadian employment reports, which could mean volatility from the Canadian dollar during the North American session. The US releases nonfarm payrolls, which had a massive September and crushed expectations with...
If you haven`t sold ADP here: Then analyzing the options chain and the chart patterns of ADP Automatic Data Processing prior to the earnings report this week, I would consider purchasing the 240usd strike price in the money Calls with an expiration date of 2023-11-17, for a premium of approximately $7.50. If these options prove to be profitable prior to the...
The Canadian dollar is showing limited movement on Friday. In the North American session, USD/CAD is trading at 1.3360, up 0.06%. Canadian and US job numbers were soft today, but the Canadian dollar's reaction has been muted. After a stellar job report in June, the July numbers were dreadful. Canada's economy shed 6,400 jobs in July, compared to a 59, 900 gain in...
The New Zealand dollar has extended its losses on Wednesday. In the European session, NZD/USD is trading at 0.6093, down 0.91%. Earlier, NZD/USD touched a low of 0.6091, its lowest level since June 30th. The New Zealand labour market has been tight, despite aggressive tightening by the Reserve Bank of New Zealand. Wednesday's employment report for the second...
The British pound has drifted lower on Monday. GBP/USD is trading at 1.2827 in the European session, down 0.09%. The UK labour market remains resilient despite a cooling economy and high interest rates. Tuesday's June jobs report is expected to show strong numbers. The economy is expected to produce 158,000 jobs in June, after a banner reading of 250,000 in May....
The Canadian dollar is drifting in the European session, trading at 1.3378. It has been a good week for the Canadian currency, which is up about 1% against its US cousin. We can expect some significant movement from USD/CAD in the North American session, as both Canada and the US release the June employment reports. The US labour market has been surprisingly...
ADP Earningstrade Summary: Entry: 2023-JAN-24 Exit: 2023-MAY-17 Days: 113 Risk: 20,000 Premiums: 410.30 ann ROI: 410.30/20,000*365/113 = 6,6% I had to roll this trade several times. I closed the last put option a month before expiration because the option lost 70% of its value in less than half the time. The annualized...
ADP has formed this inverse H&S which I plotted using curves. This is not a price forecast but a view of a pattern. The H&S pattern is quite common but ones like this I don't see often. The curved left and right shoulders really stand out.
Looking at the ADP Automatic Data Processing options chain ahead of earnings , I would buy the $240 strike price Puts with 2023-2-17 expiration date for about $6.55premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%. Looking forward to read your opinion about it.
The Canadian dollar has edged lower on Friday. In the European session, USD/CAD is trading at 1.3620, up 0.36%. The first week of the new year has been busy. The Canadian dollar sparkled on Wednesday and climbed 1.4%, but has since pared most of those gains. Canada and the US will wrap up the week with the December employment reports, which could mean some...
If I take a look at the chart of ADP, along with the development of the broader markets (those charts not captured), I'd be on the hook to look at the Unemployment Rate being at the consensus of 3.7%; however, it it comes in at 3.5% as it did in August (where it referenced July), then you could see some buying pressure -- nevertheless, I'd be looking at shorting...
GBP/USD is down sharply today. In the North American session, GBP/USD is trading at 1.1150 down a massive 1.58%. The pound continues to exhibit sharp volatility, with swings of over 1% every day this week. The fallout surrounding Chancellor Kwarteng's ill-fated mini-budget just won't go away. After immense pressure, Kwarteng abolished the tax breaks for the top...
ST Trade idea $NQ1! Break out to either direction, we do have ADP very soon... ENJOY! TJ
Goals 193, 179, 170. Invalidation at 244. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
Bias remains the same for this pair Despite DXY going wild Crude oil is also in quite a volatile range for CAD ASP news this morning was very poor for the USD However we have only see DXY appreciate since the news This is because USD is a safe haven despite the worlds largest economy having bad employment numbers. We would like to see a continuation of bull...