The British pound has punched above the 1.38 level in the Thursday session. GBP/USD is currently trading at 1.3858, up 0.63% on the day. After posting three straight days of losses, the British pound has rebounded strongly on Thursday. The US dollar is in retreat against the majors, despite a positive unemployment claims release earlier in the day. Claims fell to...
Pattern: Trend wedge Confirmation: Multiple trend respectful rejections validating trend. Price range starting to get squeezed. Entry: Entry will be called in our private chat. What we are waiting for is a bounce on the trend or a break and test of structure before entry. Currently it has failed to reach the reversal indication on the FIB @ 0.618%....
Whilst one of my trading systems (as displayed) doesn't yet display Exit-Long signals, I have been pre-empting some expected volatility which I perceive can arise due to what can be an lengthy infrastructure Bill process along with the Debt Ceiling fiasco. I detailed this in an earlier post. Up to this point I have been happy to ignore exit signals based on...
Pattern: Inverted head & Shoulders Confirmation: downtrend / yes. Reversal / yes. left shoulder right shoulder similar pull down / yes. Head of the dip lowest point / yes Fundamentals : 12th AUG we have important GBP news. GDP reports come out and will have a big impact on the price strength of the £. A good report could possibly see this pair rocket up.
The GDP/USD pair is showing a bearish trend which is likely a correction wave of the steep upward trend. there according to mu analysis if the on Monday it forms a bullish that breaks the highs of the previous candles, i will buy putting my stop loss on the white line, Or if it breaks the trendline and support yellow line with a candle lower high than that of the...
TVC:SPX using a log chart I channeled the market since it's inception. The top of the channel (in red) is exclusively where the major stock market crashes have happened. The bottom channel (in green) is "crash free." The bold purple line is where 3 of last 4 market crashes have happened. Since the "Nixon Shock," $spx has failed to breach this line, except during...
Gold has continued it's upward momentum and consolidated above resistance at $1821 after yesterday's FED meeting. Powell gave no indication on when the FED would start tapering or to what extent as despite progress with regards to employment and inflation goals it was suggested that additional improvements would be required. This led to Gold surging and we believe...
If Hitler started an NGO to give money to poor Palestinians he'd have exterminated the jews with western donations. If you take a 10 year old kid the cost for the west to produce a wageslave will be higher, maybe 40k, but it's still money saved, and they can start the brainwashing younger. The west is losing their grip on Africa, things will change. Migrants...
Morning guys, XAUUSD has been consolidating around since the metal dropped on the 17th of June to around 1770 with lows of 1760. The metals bearish outlook stabilised since then and we've been patiently waiting for the bulls to push 1800. Whilst we've been waiting, opportunities to ride the consolidation up and down have opened and these have been pretty solid as...
The euro has started the week in positive territory. In the North American session, EUR/USD is trading at 1.2220, up 0.32%. Monday is a national holiday across much of Europe, and there are no economic releases out of the eurozone. Still, the euro is showing some strength and has punched into 1.22-territory. German data will be in focus on Tuesday. The...
The pound is showing limited movement in the Wednesday session. In European trade, GBP/USD is trading at 1.4132, down 0.07%. On the fundamental front, US CPI is projected to come in at 3.6% year-on-year in April, up from 2.6% in March. If CPI outperforms, it could raise expectations that the Fed will move sooner to tighten policy. UK GDP numbers were a mixed bag,...
I am hearing and reading a lot of fluff about GDP numbers. Locking down an economy and then comparing it a year later to the lockdown will produce these kinds of numbers. but the numbers are misleading and silly to praise them if you understand what they mean. I can certainly understand a layman to cheer the numbers but I am seeing self-proclaimed "economic...
This week and next there is increased volatility since we have many fundamental catalysts. We have hit our reversal point on the weekly and we expect a 300 point drop in a short period of time. What does the community think?
#FOXBUSINESS & #BLOOMBERG IS HIDING IMPORTANT INFORMATION FROM YOU. WHY??? #usa #GDP VS #ppp I ALSO LOOKEVER #ALIBABA #BABA DID THEY FIND jACK ma YET? AND #TENCENT WHICH LOOKS EXCEPTIONALLY GOOD.
I think every one should know what the 4 largest American states and 5 largest European ones are. After the Chicago state I really don't know what the other ones are and I do not think they carry the same weight as the biggest ones, I don't think it's that important to look at what's happening there. In Europe Spain has had huge unemployement and people living...
The consumer confidence index increased to 109.7 in March from 90.4 in February, which beat the economists' forecast at 96.9 Consumers’ assessment of short term outlook on salaries, employment rate and commercial activities increased , with an optimism view on the domestic consumption market MM Analysis The consumer confidence index reached 109.7 in March,...
The Canadian dollar has lost ground for a second straight day. Currently, USD/CAD is trading at 1.2634, up 0.35% on the day. Earlier in the day, USD/CAD touched a high of 1.2674, its highest level since March 10th. It's been a quiet start to the week for USD/CAD, with no Canadian events. That will change on Wednesday, with the release of Canada's GDP for January....