Gold is in strong uptrend since breaking 6 years high in mid-June. Currently gold is in correction phase. On the H4 chart, I marked my support zone from 1480 to 1498. In today`s trading sessions we could see Gold going up too 1524 and immediaetly retracing down to 1498. Now Gold is currently sitting on 1498, top of my support zone which is...
So China imposed tariffs on 75 US Billion of US imports, of soya, oil , etc..
The drama will occur again and Trump will spit back with tariffs or measures on a surprise,
so as an anticipation shorting Chinese stocks index is recommended.
SL is set based on shown trend line acting as resistance,
TP on Fibonacci sequence.
The USTR says that the tariffs on some items, including “certain toys,” will be delayed until Dec. 15.
September is a key shipping month for those companies as they prepare for the holiday shopping season, when the majority of the industry’s business occurs.
Hasbro told CNBC earlier this month that it would have “no choice but to pass along...
The fact that there was no fundamental force majeure yesterday led to the “calm” Wednesday. In fact, the last statistics outcome prepared in line with forecasts as well as UK inflation rate. After crossing the new local Minimum yesterday, the pound “changed the situation” in the afternoon. So, we recommend looking for points for its buying.
With the trade war escalating, stocks are likely to continue their slide. Investors world wide were hoping for clarification on the trade war, but what they received was an ambiguous tweet that was later deleted. China appears ready to escalate, which should add to the tensions and risk off tone.
Stocks are very likely to close the gap down to lower levels,...
The Fed surprised many yesterday by assuming a more-dovish-than-expected stance, effectively removing the possibility of a rate hike in 2019, but allowing for some rate increases in 2020. The Fed suggested that there is no longer a need to move rates to a restrictive level after downgrading their forecasts for US growth, unemployment and inflation.
This is a complex ABC correction coming off the August highs. Did not quite get to the Gartley Fibo at 26268, but within 100 pts of it for Fibo 1.55 will have to do.
There is a clear corrective 5 wave impulse evident in the A down leg, which is an organized, complex actionary impulse (labeled 1-2-3-4-5). This is not like the WXY pattern we saw in early August,...
SP:SPX ES1! SP1!
BE CAREFUL, IT'S NOT ALL BEARISH , STILL REMAINS BULLISH SENTIMENT, MIXED OPEN
Complex battle is coming and still is not a clear direction, take a look of these points:
1) Actual 200 DMA of ES1! is 2589 (PINK)
2) All support becomes resistance, in the last 12 hours ES1! had touched at least 2 times the 2589 support
3) Yesterday obviously all...