Hello traders! I expect more upside for the dollar both technically and fundamentally. Fundamental Bias: Weak Bullish Primary Driver: 1. The Monetary Policy outlook for the FED Rationale: More hawkish than expected sums up the Sep meeting. The FOMC gave the go ahead for a November tapering announcement as long as the economy develops as expected with their...
Heavy week of Economic Data being released with CPI, PPI, Core Retail Sales, Unemployment Claims and FOMC Meeting minutes on Wednesday 2pm. will look to price points such as 94.5 make or break level to reject or extend into new highs or 93.7 break of intraday bullish ms
USDCHF H4 Another USD*** setup here, banking on some USD continuations this week, we had a long rally from 18th March for 2 weeks, followed by a subsequent correction from 1st April until present. Really looking to find corrective exhaustion so we can look to potentially instigate some of these USD*** long setups. or ***USD shorts.
Hello Traders, Here you can find my weekly trade ideas. They mainly serve to achieve a possible learning effect or to show other perspectives how other traders set their positions and act, should be very interesting. The focus is on the "point of view" (learning through seeing). All trades amount to Fundamental, Economical, Mathematical, - Technical...
The NZD is bullish in the short term as the DXY weighs heavily on the US elections in November. The country's GDP contracted in Q2 by -12.2% as opposed to the consensus of -12.8%. After elections in New Zealand, leadership is said to be more inclusive and this might have a positive impact on the economy as it recovers. The CFTC COT Weekly Data shows that...
NYSE:IBM The American technology giant publishes its quarterly earnings report with a very optimistic forecast. The report will be published after the market closes. Earlier this month the company announced that it is splitting itself into two separate public companies, a move that could attract new investors due to the result expected - a cut in the share...
The NZD/USD pair is struggling to make a decisive move in either direction amid a lack of significant fundamental drivers in the latter part of the week. I am keeping a tab on a possible driver this week as we await Monetary Policy, RBNZD Rate and Interest rate decision on Wednesday for a possible headway. The NZD/USD pair closed the third straight day in the...
Please click like and follow me if you like my post. Much appreciated! SPX has been going on a W ride for a while and is currently only down around 15 percent from its mid Feb high, putting it in the midpoint of the correction and recession phase. If this trend continues on, it is safe to expect that SPX will more likely to challenge its mid Feb high than...
Retail sales data, industrial production data, and capacity utilization data for March all came in quite a bit worse than analyst forecasts today. The Empire State manufacturing index for April also hit a record low, falling nearly 40 points more than expected. Bankruptcies are also piling up this week at a much faster pace than last week. Publicly traded...
For the first time since the corona virus started to ravaging the market in late Feb, BTC's price decouples from that of stock market. Please click like or follow me if you like my post! Really appreciated it. A lot of people think BTC failed its role as the recession-proof safe heaven. What they fail to understand is the true purpose of BTC, which is...
The past week has already habitually passed in the analysis of news around the coronavirus. The main result was the restoration of economic activity in China, which greatly reassured investors, and they returned to the usual occupation in recent years - the purchase of risky assets. As a result, US stocks updated historic highs. At the same time, one cannot but...
GBP/AUD Short Daily in ob levels cci and rsi in my os/ob setup GBP will be bear at interest rate economic calendar release AUD release will be bullish CPI QoQ and MoM
EWRE has been in an upward channel vs. the S&P 500, and is currently near the bottom of the channel. That makes it an attractive buy today, especially after last week's extremely positive housing report that showed rents and property values rising and mortgage rates and inventory numbers falling.
The economic news this week is pretty much all bad, with payroll data, manufacturing data, and non-manufacturing data all showing a broad slowdown across the whole economy. The dollar is showing real weakness amidst the slowdown. Both the dollar's weakness and the return of fear to the economy should be good for gold. Here are the critical levels to watch in the...
In today's #marketinsights video recording I analyse EURUSD, USDJPY and GBPUSD #Euro down on: - Disappointing German Manufacturing PMI (actual 41.4 vs expected 44.1 vs previous 43.5) - ECB could have made a mistake talking somewhat 'neutral' - Draghi's speech hinted to high uncertainty, decision-making harder and harder #Yen down on: - Disappointing Japanese...
Labor Day in the US and Canada led to a relatively calm day on the financial market. But today everything can change radically. On the one hand, Hurricane Dorian threatens to become the most powerful in history. This means that the potential damage could also become the most significant. Yesterday we promised to show the way how to make money on this kind of...
Boris Johnson asks Queen to suspend parliament. The decision will cut dramatically the time MPs will have to take action to prevent no-deal Brexit. he is going to ask the Queen to suspend parliament for five weeks from mid-September. It seems like the Queen is ready to be in. And this means that the opposition will have time until September 12 to prevent the...
The China-United States Trade War is an ongoing economic conflict between the world's two largest economies. Two countries cannot even agree if they are talking. According to Trump, he got a call from Chinese officials, however, China did not confirm that yet. Well, quite possible that there was no call. this means that we are in a situation where the parties are...