Today is a better morning for the Euro than the British Pound. Better than expected manufacturing PMI was reported from Spain, Italy and France. German manufacturing PMI came in at just slightly below the forecast and previous fact. Great Britain’s manufacturing PMI, on the other hand, was reported at worse than expected and worse than the previous fact.
So far,...
Japan released industrial production MoM for July. Data came in at better than expected 1.3% against the previous fact of -3.3% and ahead of the forecast of 0.3%.
German Retail sales were revised to the downside from 3.5% to 3.0% and a worse than expected reading came in today at -2.1% MoM for July.
At 12:30 GMT the United States and Canada will release reports....
Over a week ago, on the 20th of August we did an analysis on NZD JPY. The price is currently travelling near our predicted target area of 67.414. The price actually surpassed our further prediction to the downside and created a new lowest low at 66.306 when the market opened on Monday the 26th with a GAP down on escalating trade war tensions and the announcement...
What happened to the British Pound today? Some say the news were first seen on twitter, no surprise there as investors are probably getting used to the daily abnormality that drives the financial market lately. The new Prime Minister of the United Kingdom has taken another step in the direction of Brexit, with or without a deal. In his move, the government has...
Globally the pair has been in a gradual downtrend for quite some time now, losing about 1300 pips since January of last year. The pair saw 12 consecutive days of losses at the end of July and beginning of August and has since been trading in somewhat of a flat, as we can see on the daily TF. I’ve also identified a local trend line down.
Switching to a 4HTF we...
Did the FED meet expectations?
Everyone waited last week for Friday and the speech by Fed Chair Jerome Powell to see if he drops any hits on further monetary easing. The Feds tone was demure, he made no notion that rates were going to be cut in September or in the near future. Instead he stated that the FOMC will continue to carefully monitor the situation....
Markets, investors, traders and many more are all waiting for the much-anticipated speech by Fed Chair Jerome Powell, that is to speak today at 14:00 GMT at the Jackson Hole Symposium . Traders will be tuning in to see if they can pick point any hints about further monetary easing in the US. At the time, things are very wishy washy. The last FOMC minutes from...
USD JPY is an interesting pair to observe. The pair was quick to react as bears took control after President D. Trump announced additional tariffs on China.
The pair met support that’s been respected several times in history at 105.520 at the opening of August 6th. A bullish engulfing candle followed but resistance prevailed at the 38.2% Fibo level. The next big...
Seems like the financial market is hibernating till Friday and the anticipated speech by Federal Reserve Chair Jerome Powell. Mr. Powell’s speech will be closely watched for hints about the monetary policy decision on September 18th 2019. On July 31st FED lowered the interest rate by 25 basis points for the first time in a decade, stating that further easing will...
NZD JPY is an interesting pair that can be used to assess Risk Aversion on the markets. Risk aversion means that investors and or consumers when faced with uncertainty attempt to lower the uncertainty by lowering the risks of their investments, withdrawing from long term and investing in short term and safe haven assets.
Global uncertainty has been rocking the...
hello
I use spread trading. This is a demo. I have a real ac with oanda . I base my strategy with -
The Complete Guide to Spread Trading (McGraw-Hill Trader's Edge Series)
-Spread trading, a low-risk, high-profit technique, involves buying a contract in one market while selling a different contract in another market to profit from the imbalance between those...
oldest spread ever Wheat vs Corn .
I trade the spread between wheat and corn. This is done over a few days or weeks. I use oanda as it allows a 1 contract per product.
Nice bounce from the lows but this is just an oversold bounce. High risk of headline exposure to hold this overnight now during the Health Canada investigation. Any indication that Health Canada will be cutting them a break would have an immediate bullish reaction as 'the worst' is currently being priced in.
Zoomed out our chart on the 1D TF. We see that the global trend for USD CAD is moving upwards .
We see a morning star pattern, followed by 3 Green soldiers – indicating 3 days of consecutive growth.
A break of the 23.6 Fibo level to the upside , will give us target areas of 1.31885 which is our 38.2 Fibo followed by 1.32351 50% Fibo correction.
A move...
4HTF – shows us a local downtrend. A possible double bottom pattern with our 23.6 Fibo level working great as the confirmation line for a reversal to the upside.
On Fiday the pair broke the 38.2 Fibo level UP, this was due to better than expected Employment readings from the US. The price is currently travelling near our local trend line, and if the price breaks...
Today is a holiday in the United States – July 4th Independence Day and considering this the market is thin and calm.
We will analyze EUR/PLN
1DTF shows us a lot of consolidation, basically since about July of last year. We can observe a local dip down for the pair that started on May 22nd and this downtrend price reached May 2018 lows on July...
1DTF shows us a global downtrend for pair CAD / JPY. We see a possible upside down head and shoulders pattern trying to form but at the same time we see the price is continuing to move to the downside and a failure to break the local trend line up.
Canadas Trade Balance report came in today at a better than expected 0.76B, finally bringing the figure into the...
