Boris Johnson managed to turn into the worst premiere minister ever. His attempts to neutralize Parliament so he could complete Brexit by October 31 failed. As a result, Johnson lost a majority in Parliament. Why even Johnson’s brother disowned him left the Cabinet and the party. As we warned in our reviews, Johnson's defeats are pound’s strength. As a result,...
We continue to watch the confrontation between the British Parliament and Prime Minister Boris Johnson. Boris Johnson is losing another battle. On Tuesday, Boris Johnson not only lost his working majority, but he also could not initiate early elections. As we predicted, the pound strengthened. Even the weak data on business activity in the UK could not prevent...
my bias has changed because of that consolidation along support
Turkish President Recep Tayyip Erdogan removed Murat Cetinkaya as the central bank governor. In fact, this is an attempt to threaten the Central Bank of Turkey of independence, so the country's monetary policy is fully synchronized with the Government’s actions and objectives. Therefore crumbled. This is a wake-up call to the world. Recall, Trump continues to...
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...
On Monday, the markets continued to try to incorporate with the prices the G20 summit results. What Trump declared to be the victory in a trade war but is actually not. So, yesterday we observed the appearance of inefficiencies in financial markets that could be used to make money. In particular, we are talking about the gold falls into the bottoms of 1380-s,...
Weekly no log with 100EMA, RSI & MACD
yield indicator
Yield indicator
Yesterday was quite volatile. Actually, nothing fundamentally new has happened. First of all, the pound has traditionally updated the new local minima. Theresa May’s resignation seems to have already been resolved for the markets. According to The Times, May will announce her resignation today (Boris Johnson probably will take her place). Despite such an obvious...
The latest news on Thursday. About the publication of the United States retail sales data. Unexpectedly, for most people the data turned out to be much better than forecasts (+ 1.6% m / m with the forecast of + 1.0% m / m). Recently, the US is not very pleased with macroeconomic statistics. So, everything is completely mixed up and it is difficult to say what is...
The Bitcoin "mining" industry which sustains the infrastructure for the Bitcoin network can be compared to manufacturing. If we compare the price of Bitcoin to the Manufacturing PMI (which measures the sentiment among managers in the US) we can see a significant degree of correlation. While the potential causal mechanisms still require rigorous study, we can add...
The Financial Times reported that the United States and China settled most of the issues that prevented the conclusion of an agreement. Myron Brilliant, executive vice president and head of International Affairs at the U.S. Chamber of Commerce, said: “The deal was agreed on by 90%.” So the end of the trade wars is getting closer. Such news is extremely positively...
Looks like EUR/USD has formed an ascending triangle which in most cases means a continuation of the uptrend. Taking into account the drop of EUR last week and potentially strong fundamentals coming from Italy, we could see a pop higher especially throughout next 2 hours - Spain, France, German and Eurozone Services PMI data. The idea is to trade the break on the...
-Monday=Markets reacted to Fed governor Jerome Powell's speech on Friday which knocked the USD lower. SPX makes a new high. While political turmoil in the Australian govt weaken the AUD but the recovered towards the end of the trading week -Emerging markets currencies were pretty weak last week with majority of them plus one percent -WSJ reports issues on...
Price completed a 3-wave structure, forming a flag pattern. This completes the corrective structure, and giving us a reason to look for a potential short trade with the upcoming UK Services PMI being a catalyst to move price. **Disclaimer - This analysis alone DOES NOT warrant a sell trade immediately. Before you enter any trade in the financial market, it is...