USD/CNY: Two detailed bullet points ; Series on Currencies(feedback's always welcomed) - 7th of December 2019
First of all, this chart is simply a guide on how to analyse Dollar:Renminbi as a trade war proxy. As there are many economic variations and possible outcomes for 2020 at this point in time, I will not give recommendations for this chart. These are...
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.
In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month.
On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again!
I also picked...
It looks like we have a triangle. Since they usually appear in wave B or 4, and it doesn't look like we are on a B wave, the corrective structure hints to a complex w,x,y minute wave.
The complex correction is part of minor wave 4, which has a termination level above 1600, where intermediate wave 3 is likely to complete.
After minor 3 top at 1557 markets...
I expect the AUDCAD to have a bullish breakout either next week or the week after that on the higher timeframes (Day and Week). They have great job numbers, an extremely strong Trade Balance (in spite of the trade war), and has a housing market awakening from its slumber. This could be one of the building steps towards that breakout and if their reserve bank...
In today's #marketinsights video recording I analyse #SPX and #DXY #Indices!
Equities and Cash Indices are both affected by growing confidence surrounding #tradewars, #Brexit and of course, the upbeat US earning reports that keep coming out!
With Mr Trump expecting a #tradewar deal by the middle of next month and BoJo willing to push through his latest EU-agreed...
- Indices -
Powell Speech: Outlook of trade talks is unknown, premature to judge.
Complete denial, or just lying?
By now every one knows the economy numbers make no sense and cannot be sustained.
Every sucker that fell for the "trade war hopes" is slowly starting to realized he got scammed.
Don't really care about other indices as I am already short on the...
