It is time to go defensive again. ISM PMI declining from expansion, historical high percentiles of distribution. US10Y going down together with ISM. Long Utilities as defensive sector, short IWM small-caps high-beta assets. Best,
This is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to announce the tapering of the QE Program this week. The ISM manufacturing PMI at 4 PM GMT will be the key catalyst of this trade if it comes out POSITIVE and beat the market expectations. However is at 4 PM GMT the Manufacturing PMI comes out positive without...
Hello Traders Here is a new BUY Opportunity, Eurozone Preliminary Manufacturing PMI beats estimates with 58.5 in October 💹EUR/USD BUY STOP ✅ Entry @1.16450 or above ✅TP-1# 1.16650 ✅TP-2# 1.16960 ✅TP-3# 1.17450 ✅SL# 1.15350 Source: www.fxstreet.com JamdeJam will not accept any liability for loss or damage as a result of reliance on the information...
In this post, we will analyze Forex Gold with the symbol XAU / USD. We review the fundamental news and perform a technical analysis according to the modern price action method and identify the appropriate points and signals. Fall of gold After the price of gold fell to 1722, gold entered a short-term uptrend, causing the price to jump to $ 1762. Descending...
In this post, we analyze the most popular Forex currency pairs, the EUR / USD or the Euro against the US Dollar. We identify important areas according to the fundamental news and modern price action and predict the signals. A sharp drop in prices Members of the Federal Reserve and the US Treasury Secretary commented on the decision to control inflation and...
In the short term, there is an uptrend that is resisting at 1.27. In the 1 hour time frame, there is a downward trend that started on September 20 and this trend continues due to the formation of successive H and L. The downtrend will continue unless the price can cross the resistance level of 1.273. Data on Canada's PMI and GDP will be released on Friday. This...
Selections come into action the 3rd week of September, when Global Derivatives square at the BIS. Upcoming Elections: Norway September 13, 2021 Russia September 19, 2021 CANADA September 20, 2021 Iceland September 25, 2021 Germany September 26, 2021
U.S. Dollar Currency Index Movements Analysis Hope you use this carefully. For More Tips and Education Follow and Please DO NOT Forget to Like :)
Last Friday, IHS Markit released the preliminary PMI data for four major economies. Below are the key points from the individual reports. United States Services sector slowed down to a 5-month low pace due to labour shortages. Manufacturing sector expanded at record high pace. Prices of goods and services remained steep as firms pass on the high costs to...
Gold prices remain pressured towards 100-DMA retests, reversing the previous day’s bounce, as the US dollar stays firmer and the market sentiment improves ahead of the key PMI data for July. Even so, the yellow metal stays inside the $1,795 to $1,825 trading range, comprising 100-DMA and 200-DMA in that order. It should be noted that the firmer PMIs are less...
Although the weekly falling trend line probes Brent oil buyers of late, the commodity prices remain inside an ascending trend channel from May 27, not to forget staying beyond 100-SMA. The same joins an upbeat RSI line to keep buyers directed towards an immediate resistance line of $76.00. However, any further upside will be questioned by the stated channel’s...
The year-on-year increase of US durable goods reached 25.02% (previously 3.2%), with an absolute value of $256.3 billion (previously $254 billion). Year-on-year increase of nondefense new orders for capital goods reached 11.59%, to $75.9 billion in March. MM Analysis As the impact of cold winter retreat, nondefense new orders for capital goods reached $75.9...
US Non-farm Payrolls up 916K in March, unemployment rate dropped from 6.3% to 6%. The March Manufacturing PMI registered a record high 64.7 percent, and the March Services PMI registered at a 16-year record high 63.7 percent. As we mentioned before, the US economy in Q2 would be benefited by the Manufacturing and Services industry. MM Analysis US Non-farm...
The macro data from this month's Markit PMI's is sending a bit of mixing signals from the countries that VWO has the most exposure to, but I am still optimistic as to the near-future performance of the emerging markets. Before going into the macro analysis, whats the market allocation of this ETF. The 80% market allocation is the following: - China -> 42.5% -...
For yesterday, we expected the retest of 13 235 followed by a possible correction to the downside. Buyers were not able to get all the way to this level as bears took dominance of the market. The whole intraday session was then characterized in a clear directional move to the downside and this lasted till the close. Dax corrected its uptrend of the past days and...
Stock market - Against all odds, S&P index has risen almost 32% since hitting a low for the year on March 23. The fact that it happened after a ferocious plunge of 35% between Feb. 20 and March 23, the most devastating sell-off since the great depression, made the feat even more remarkable. As a matter of fact, the market posted its best quarter since 1998,...
Tuesday's session was considerably slower to what we are used to. Once the session opened, Dax took a direction to break the previous day high, as suggested by the Statistical application. The day was closed in the black numbers but the volatility was really low. Dax remains in the consolidation range where the odds are still neutral. Important zones...
Dax gave us a fake signal yesterday when it faked-out below the 12 151 S/R zone. The price very quickly returned to the consolidation range of the past week, levelled between 12 151 and 12 494. The daily range was relatively standard and we haven't even seen much volatility. Important zones Resistance: 12 494 Support: 12 151 Statistics for today Detailed...