In today's #marketinsights video recording I analyse DXY and SXP! Equities look bullish and the US index bearish, from a technical perspective. On the (geo)-political front their prices are and could remain being affected by: - A somewhat dovish?! Fed - BoE and Brexit (BoJo visits EU today for talks!) - SA attack and expectations on reduced oil production -...
EURO|USD: Episode (1 )- Series: Major Currencies and Currency Indices -18th of August 2019 (8-9 Minute Read) 3 Contingencies upon which the timing of this analysis is based on: Brexit (Finally) Happening in the next 6 months , similarly expecting a US/China Trade deal in the same time-frame, and of course later on Trump winning 2020 . I have to...
With global equities continuing to be supported by favorable liquidity conditions and little else, it was really just a matter of time before risk assets came under more pressure. The biggest red flag was flying in the bonds market, where global bonds have continued to rally sending yields sharply lower. Equities rallying strong along with bonds is not...
British pound reached a three-year low yesterday. The pound was sold out on growing fears of a potential ‘no deal’ Brexit. Investors perceive Johnson's words at face value. We do believe that nothing more than a snare which is based on an attempt to gain an advantage in the negotiation process. So, the markets are wrong, and the pound current price does not...
The pound hasn't been consistently lower since 1985. Mr Gove told reporters earlier: a “no-deal Brexit is possible”. Boris Johnson is refusing to sit down for talks with EU leaders until they agree to ditch the Irish backstop from the Brexit withdrawal agreement. Entry-Exit will cast approximately $ 1.2 billion. Well, Europe is satisfied with the current deal...
The publication of data on employment in the US private sector from ADP was the main even. Considering that official statistics from the US Department of Labor will be published tomorrow, traders and other financial market participants are expressing interest in. Analysts had expected growth in May (140K) however, the number is + 102K, only. On the one hand, the...
Yesterday, repositioning was continuing in the foreign exchange market. Traders tried to incorporate the change in the vector of the Fed’s monetary policy into the dollar price. As a result, today the probability of a rate cut at the July meeting of the Federal Open Market Committee is 100%. At the same time, 65% of traders are waiting for a decline of 0.25%, and...
Long GBPAUD at market due to a reaction at a prior key level, and supportive directional bias due to fundamentals. Stop will be trailed in line with price action.
On 5 June I went short AUDCAD at 0.96364 due to a reaction at a prior key level and a fundamental short bias. Stop to be trailed as position plays out.
It is not surprising that nothing significant in the dynamics of prices for financial assets occurred duo to calm mood on the USA and the UK financial markets. Tuesday in terms of macroeconomic statistics also promises to be a very calm day. But we do not wait for a lull in the markets - after 3 days of rest, traders and investors with redoubled efforts could...
Fundamentals - Hun core inflation above MNB target -> rate increase probably in March - wage growth steadily above 10% - GDP growth above expectation, 5% yoy The eco picture resembles scenario the Czech case from 2017 where the central bank started raising rates (wage pressure, inflation, housing prices) and the korona strengthened 6-7%. Technical - EURHUF...
The price of the index in the last two sessions has touched the resistance set at 20900 points, recovering over 1600 after the minimum marked between 25 and 26 December. The price remains bearish: after the high recorded in October 2018, in the short/medium term has remained almost constantly below the intersection of the main EMA, the key resistance level for...
=> We still maintain our USDCAD short position from earlier in the week and recommend selling all corrective rallies here ahead of the BoC rate hike widely expected this month. => Although the rate hike is expected this trade is far from crowded and we see incoming data to keep the BoC on track with tightening monetary policy. => Odds of any hikes are close to 90%...
All the gold investors have been hoping that people will come to their senses and see the coming economic downturn as a result of the rising interest rates and start buying gold. But this has not been happening, has it. Right now gold is interacting pretty directly with USD and the problem here is that USD is slated to get stronger this year. And this can only be...
The Aussie Dollar experienced strength throughout 2017 against its US counterpart with a strong rally to finish the year before forming a double top last week. Over the past week, AUDUSD has fallen almost 2%, following a CPI miss in Australia and a positive earnings report in the United States. Is this a sign of things to come for the remainder of 2018 or will...
Good afternoon everybody! Today is going to be my live trading SHOW. Look at the EURUSD graph, this is my forecast. I'm waiting for your attendance, look for the link in social by Kate Wess or in the my tradingview profile! Have a nice and profitable day!
The USDJPY is approaching a key level on the weekly chart at 110.30. However is this an opportunity to long given the obvious fact that both countries have different monetary policies ? Or given the fact that Abe's popularity is tanking as a result of the scandal may cause markets to reassess the probability of him seeing his abenomics policies to fruition...
Classic Inverse H&S break for CADJPY. Monetary Divergence in play with BOC turning hawkish and BOJ standing pat as extremely dovish. Price action suggest a staggering 1300pip upside of this pair. Long : 88.6 SL : 87.3 TP 1 : 93.2 ( 38.2% expansion ) TP 2 : Open