Good evening traders, Energy traders would have noticed the somewhat eery price action on oil prices recently. I believe that recently losses are attributed to: - Emerging doubts over the degree of compliance with OPEC production cuts as Iraqi exports remain high; - Concerns about the rate of market rebalancing; - Rapid rebound in U.S. shale production following...
Afternoon guys, Hope you all enjoyed the Christmas break and are ready for another year of thrashing the markets. NZD/USD is currently looking extremely bearish for the following reasons: - Break of the neckline of the H&S, implying downside movement to 0.66150; - Break of the trend line support from Jan to June lows; - Break of the 200dma. MACD and recent...
Market VIEW: Aditional positon on TVC:DXY , we are at the major shift, be aware of NFP tomorrow, this could be catalist for the move.
This is one of my main themes for my macro portfolio. I am looking to see more buyers for GBP and also we see same weaknees in Asia region which I express with this trade idea.
With the ECB set to start tapering their Quantitative Easing next year, it could mimic the reaction that the dollar went through, when the Fed signal that they were about to tapper. Current price action is also similar to what this pair went through from 2000-2002. FED (Quantitative Easing) > BOJ (Quantitative Easing) > ECB (Quantitative Easing) By the above...
Whenever the unemployment rate has crossed above the 12 month moving average, almost always a recession has soon followed. Here we are now.
In our last post we recommended to buy $BMA, now the share is very near of USD 70. It's a good opportunity to buy this stock. Now the stock is trading between USD 70 and 73.
AGN broke out of the funnel to the downside. Keep on keeping on... I'll be bearish until OBV breaks resistance. Horizontal movement could develop.
OBV and RSI indicate a possible bounce to the upside. Keep eye on intraday for continuation downward or break to the upside. If you wanna play both sides a straddle or strangle option strategy two or three months out might be ideal. For a one sided trade check OTM (out-the-money) contracts and the Vol in the options contracts relative to the strike price before...
June FOMC Minutes Highlights: - FOMC Minutes: Fed Officials Divided on Rate Path Amid Uncertain Economic Outlook -FOMC Minutes: Members Said Prudent to Wait for More Labor Market Data, Brexit Vote Before Raising Rates -FOMC Minutes: Prior to Brexit Vote, Staff Saw Uncertainty Holding Down Investment in U.K. -FOMC Minutes: Members Judged It Appropriate to...
Here is a closer look with a 4 Hour chart for yesterdays published idea. Looks like we are getting a nice bounce so far!
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For the last several years US equities have benefited from a liquidity flood that caused a commodity bull. The oil boom / bust is a good example, and you can see from their recent change in correlation, we may be seeing the last weeks of those two assets moving roughly in tandem . The last time the correlation movement was this unstable was 2008/2009 - when...
Looks bearish on the daily as it is showing a Macro HnS pttn. that has broken to the downside of 108.50 lvls. A possible tgt. w/ the extension of the move to around the 82 area as the 2nd tgt. area. Also, it is showing a bear flag pttn. as a follow-thru pttn. to the HnS pttn. w/ an extn. of that pttn. to around the 90 area as the 1st tgt. As always volume is key...
I struggle to fully understand the connection here, if anything I would have thought the direct correlation between these two assets would exist. Flight to safe haven be it a cryptocurrency or an asset like gold, I would have thought the same fear drives these actions. This chart is contrary to that view / idea, here we have seen a pronounced tracking since...
Right under major resistance, a macro small position short may help pay for holiday shopping
Following the OPEC decision to avoid cutting their oil production, WTI Oil has again broken down from its relevant range border, this time it looks like for good. Price is now significantly below both 1-year and 1-quater distribution, trading above below 1st standard deviations from 1-year and 1-quarter mean - signaling more downside probability. The move will...