In today’s marketinsights video recording, I talk about SPX and DXY . SPX keeps hitting fresh highs despite Fed's message to keep rates on hold until 2020. Trade wars do seem to be influencing flows more than anything else right now? Whatever the case, sharp upside and overbought hints to exhaustion! The DXY's recent upside though should be watched closely. It's...
I keep saying it; I think a pull back is needed. The higher this market goes without a pull back, the harder it might fall when it does pull back.
Look up "On Balance Volume" if you are not familiar with it. I use it from time to time...
Wow! "To infinity and beyond!" - Buzz Lightyear Lol, just kidding. But it seems that way right now, doesn't it? This is nuts. I'm still bullish, but with caution. I would love a pullback so I can jump in on some more long positions.
The days of Trade War headlines viciously bringing down markets may be over. "Listen here grandson, back in my day a headline about the Trade War could drop spoos 1% or 2%" Two days of headlines. Both recoveries. Also my thoughts on why: twitter.com
In today’s #marketinsights video recording, I talk about NZDUSD and USDJPY FX Majors Not only markets expected with 80% chance that RBNZ will cut rates which they never got, but the central bank also said that kiwi is expected to be supported in the medium term by the low exchange and interest rates. USDJPY on the other hand, remained somewhat muted as Trump...
-Industries have not been hurt by the administration's trade actions. -There is no uncertainty with regard to trade worse. -The cost of doing nothing was killing us as a country. -China starting big agricultural buys if they don't make a deal with China they will substantially raise tariffs on China imports. -The situation between China and the US involves...
We had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as...
As we can see, this pair has formed an ascending wedge pattern, indicating a possible move to the downside. Price is floating in an area of supply that's dated back to May of 2019. If price forms a bearish candlestick pattern at that area of supply, prepare for further downside movement, breaking that ascending wedge pattern.
Word through the forex town was that, depending on how the first step of the agreement works out, the U.S. and China are planning to roll back certain tariffs in tranches. Risk capital, however, had their rallies cut short when it was also revealed that within the U.S. government this proposal faced strong internal opposition. The monetary policy statement issued...
In today’s #marketinsights video recording, I talk about the latest geopolitical and economic developments affecting #FXMajor pairs #USDJPY and #GBPUSD. For one, US confirmed that rollbacks on previously imposed tariffs against Ciina are possible, pushing #safehavens down and #dollaryen to a fresh multimonth high! At the #BoE meeting yesterday, #Carney re-cited...
Possibly Overbought at $36, but the 200 day plus positive trade war atmosphere should protect $29-30 levels. After that, we'll see if the uptrend can push through resistance with a bounce from $31 into possible new highs.
We still see Bitcoin in a bullish flag formation and that the slope against the short term trend is a hesitation before a sharp move up in the cryptocurrency back above $10000. However, we would not want to see the cryptocurrency fall below the key support level at $8572 as Bitcoin can be seen as a safe haven and there has been progress on a trade deal between the...
Looking at the EURUSD daily chart, it clearly shows that it has come to a very important support level. That is a great reason for its purchasing. The stops are relatively small - about 30-40 points, and the profits, in this case, are about 100 points (the nearest strong resistance is located in the region of 1.1160). That is, purely technically, taking into...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details: • ENTRY POINT • STOP LOSS • TAKE PROFIT • RISK TO REWARD The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much...
There is a truce between the US and China, and the US dollar is falling in price. There is a prospect of AUDUSD growth. If it is possible to hold the position, then you can sell after the support break.