19:31:26 (UTC) Thu Feb 6, 2020
Geo-Political Analysis Headline risk out of Asia has been the Coronavirus. The Shanghai composite dropped along with iron ore, reaching their daily limit and risk aversion. Interesting enough this wasn’t spilled over to FX markets which I think stem from traders staying out of the market prior to the amount of event risk inhabiting traders to what could be...
We've waited all week for EUR/AUD to get to these prices. There are many confluences here which I won't go into detail about. As always, I'm happy to provide my entry, target, stop, just send me a PM! This is not financial advice & I am not a licensed financial advisor
Note** If the Index is going up it means that this currency as actually bearish, and vice versa. Pretty much the same as my USD and GBP outlook overview, just different structure. These three typically move in a similar fashion, with the USD being the outlier when they diverge. For the EUR we need price to close outside of the teal box, ideally I'd like to see...
I will be providing an in-depth report on the fundamental events that are going on today. I want to make a point in saying that these situations — from my experience— can take multiple days to even remotely settle— and therefore is PRIME example of when not to hold a trade over the weekend. My guess is we could open down -3% or more on Monday for the U.S....
I'm expecting a quiet day tomorrow, but you can see a new higher high is forming I think, and I think a higher low is due where we will execute. We are prime for next week to take the Euro short.
We've seen highs been taken out and bulls taking control. Now waiting for the retest and grabbing some liquidity before the dump. Retest and enter.
Although we primarily trade FX contracts, staying on top of the equity markets around the world can have huge advantages when trying to identify opportunities preparatory to them even showing validity. The CBOE Volatility Index, known by its ticker symbol VIX, is a popular measure of the stock market's expectation of volatility implied by S&P 500 index options....
UF: Bearish weekly setup/bias
EN: Daily long zone (update)