Conservative Boris Johnson is leading in the UK election according to opinion polls with 43%, Labour Jeremy Corbyn is behind with 33%. The UK will head to the polls next Thursday December 12th. On the same day we also have the release of ECB Interest Rate, the first since Christine Lagarde became president. EUR/GBP on a Daily TF dropped to 0.84302, the lowest...
Fundamental U.S & China Trade Deal might finalized after 2020 U.S election, according to Trump - which put a lot of pressure into the global equities and major currencies Trump threatened to put Tariff into European Market ECB is dovish Brexit and many other geopolitical events within the EU; Ukraine, Italy etc Many tire one data to come this...
This Monday marks the first trading day of the last trading month in 2019. We have the release of Manufacturing PMI from China, Eurozone, United Kingdom as well as the United States. China’s Caixin Manufacturing PMI for November was released at 51.8, above the forecast of 51.4. Eurozone PMI was reported above forecast at 46.9, there is improvement in factory...
EUR/USD has had a bearish week. The European economy is in a tough place, economic growth is stagnant, the new ECB President Lagarde is urging European countries, especially with budget surplus, to increase spending to help the economy rebound. The UK general election and Brexit is coming up fast, and opinion polls suggest Conservative victory with parliament seat...
The British Pound rose on statistics published by YouGov. YouGov is an international research data and analytics group headquartered in London that closely predicted the 2017 election. The poll suggested that Tories will win a majority of 68 seats in the Dec. 12th election. The economic calendar is light, tomorrow morning at 10am GMT we have the release of...
The United States had a big release today before they enjoy their Thanksgiving Holiday. Durable Goods orders MoM for October were released at 0.6%, instead of -0.5% forecast. Preliminary GDP for 3Q also came above forecast, at 2.1% ahead of 1.9% forecast Initial Jobless Claims were also reported at a better than expected 213K, below the forecast of 223K....
EUR/USD on a Daily TF is trading slightly lower. The price broke below the 50% Fibo and Ichimoku Cloud, currently trading around 1.10125. Parabolic SAR is close to a reversal and MACD bearish histogram is increasing. Today the pair is driven by trade deal optimism. On Friday, President Donald Trump mentioned that ‘ The China deal is coming along very well ’ at...
Thanks for visiting, and my first go at a video. i see at min a new daily tomorrow if we dont settle up today (im PST).. 6 days hasnt happend since July312018, so we can be sure that its almost the same downspout pattern, serious whale droppings is my guess. Miners cashing in, could be another since i think we are headed for at minimum 5959.59, but likely to be at...
Lots of stuff in here: Accumulation-Distribution Bubbles Gaps Untested areas Volume profile and many other things... Both describing what could lie ahead as well as talking about lots of interesting concepts and phenomena
Summary and additional points: In the video I talk about the current TA and QA, talk about all the narratives as to how we got here, the current landscape of the market and many other things. Bitcoin should be bouncing here but looks too weak. Too many longs... Funding, open interest and premiums agree with that. The market could get to 8400 but that's as far as...
Market still clearly accepting prices higher. Profile becoming very box-y meaning that the market is indifferent at any price between the highs and lows of value. The line in the sand below is still 70, in my opinion, and you'd wouldn't be wrong staying long until that is broken. Remember, the market is accepting higher and when that happens, the more likely...
Stuck in the middle of this upper balance. It's a good thing and a bad thing for the longs. It's good because we aren't rejecting this upper balance, we are still very much in the middle of the balance. The bad news here is that we can still pull back to the lower end of the balance so if you're long, you may have to sit through some heat. VPOC from...
The main agenda on today’s calendar is the interest rate decision in the United States. The United States Federal Reserve is highly expected to ease monetary policy for the third, consecutive time this year from 2% to 1.75%. Today, the ADP Nonfarm payroll report was ahead of expectations – 125K. GDP is also better than expected, although at a low level of...
On a Daily time frame for GBPJPY, the British Pound rose a little against the Japanese Yen but could not get past resistance at 61.8% Fibo, around 140.343. The 200EMA is now acting as support at the 50% Fibo level, around 137.707. RSI is slightly below overbought, and ADX is showing us a strong Bullish trend. Being mindful, that Sterling cross currencies will...
Starting from September 'Cable' is rising. After the correction till the beginning of October the uptrend continues. On October 21-st the British pound reached its resistance line (1,30000). BUT there are several disturbing factors that may prevent the correction. Fundamental factors: On Friday 25-th 27 EU Ambassadors are discussing BREXIT extension again and...
In today's #marketinsights video recording I analyse #SPX and #DXY #Indices! Equities and Cash Indices are both affected by growing confidence surrounding #tradewars, #Brexit and of course, the upbeat US earning reports that keep coming out! With Mr Trump expecting a #tradewar deal by the middle of next month and BoJo willing to push through his latest EU-agreed...
In today's #marketinsights video recording I analyse #XAUUSD and #WTI Oil! Gold Lower on: - Brexit optimism despite running out of time - Banks reporting good Q3 results, and equities rising - US-Sino on a stalemate, allowing new-coming flows to take over Crude Oil Lower on: - IMF downgrading growth again, again - Dismissed excitement surrounding limited trade...