The yen pairs appear to be moving higher despite an increase in risk to trade in the global markets. Sentiment appears to be holding up, perhaps to do with the good economic data we are receiving at the moment, however, in recent trading days we have had a lot of trade war noise. The US seems to be serious about the next $200bn of tariffs against China and that...
Tomorrow has some potentially market-moving news. It is the first Friday of the month which means we get the usual raft of data from the US, the headline is the NFP figure followed by the unemployment rate in the US and this months big ticket item the average hourly earnings. If earnings pick up above the forecast 2.8% (last month 2.7%) then it will add real...
Whats up Guys, 95% of the the meat and potatoes of this chart is explained on the chart - Fundamentals Behind my Technicals - No surprise and not the only thinking this - the trade war with the US and China is currently and for the medium term in the FAVOR of the US. This hurts China. Australia is a major exporter to China. This hurts Australia. Australia...
As is suggested by the heading even though we're seeing a rebound of DJI's rally one of it's confirming indicators is showing weakness. For the most part we use the Dow Jones Index as loose indicator of the overall economy, when it's performing well, on it's face, we discern that the economy is humming along well. As a confirmation for the thought process we use...
Trade wars is going to hurt it or not it's up to big money holding the stock. Boxes are where i see price hitting in the next week to two. Will investors pull money of this and other US leaders and start putting it to work in other markets? Which markets would you pick?
Beautiful chance my friends! If the resistance of our double-top-pattern gets confirmed it`s time to sell. :-) Take a look at the 1h Chart and see the Breakout of the Up-trend-Channel. I dunno how to add more charts. ;-) Peace and good trades
Trump is about to leave his mark. There will be a flight to safety at some point, but there are more secure currencies being developed daily.
Friday has brought a myriad of challenges to currency players. Trade war hysteria has boiled over, with the USD fading against the majors. It appears that selling the Greenback is the play across the early U.S. forex session. The 1.3134-40 area has set up as value in the USD/CAD for the last two days. If this market tests it once again, a nice position to the...
As we can see, the volatility is really thin today as traders are waiting for the NFP figures. Gold is also stuck in a narrow range of $1,251 - $1,259. Probably we will see a breakout on NFP. So brace yourself! Stay tuned for more updates.
Trump continues to escalate the Trade War, now hitting China Mobile. Chinese bourses are being watched in order to gauge the seriousness of Trump's moves. Remember that Tariffs come into place Friday July 6th.
Gold has a very strong support near $1.246 today. I will be looking to stay bullish above $1,246 to target $1,252, while selling entry will be preferred below $1,252. Good luck and stay tuned for more updates!
It was quite an intense week in terms of headlines related to the trade war. The dollar is easing and this inevitably affects the price of BTC. We can see a strong correlation here between the EURUSD and BTCUSD. The gross majority of Crypto-investors are poised to buy on an upward break and this was maybe just the hint we needed to get back in there and buy. I see...
As we come to the EOM, a pretty well defined Monthly bear flag can be seen in the Dow Jones Industrial Average. Alongside this bearish setup, the current trade war is posing a big threat to global economies. Rising interest rates, tax cuts in a growing US economy, trade war threatening growth across the globe, this is not a time to be complacent in my opinion....
$USDCNH #Yuan #China #TradeWar #CurrencyWar $FXI $EEM These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I...
As the trade war between US and China intensifies, general markets in Asia get the ripple effect too. STI has dropped around 5.40% and is now trading around 3300 region. If you're feeling worried because of this drop, you better be. If you're feeling happy because now you think you can buy at a cheaper price, you better don't. Now, why do we say so? If you're...
Hello, I think we have a bear goingon for S&P and these trade wars are going to make matters worse... I think it is going down on the daily. Appreciate all the likes and comments! Best of luck!
Just like AudJpy, even AudUsd is a victim of Trump's trade war games. Bias remains short below 7420. Key targets highlighted.
For those of you considering shorting Bombardier, I think there is still some upside left or atleast the time is not yet ripe to short the stock just yet. Granted, that based on historical performance (atleast the past 5 years) the stock has reached close to all time highs (since about 2012). Furthermore, the $5.00 mark seems to act as a key resistance level which...