**Defensive stock to consider is AAL.L (Anglo American Plc) quoted AUG-17 $1,698.**
Reason being XAU / USD (Gold / US Dollar) prices have elevated and appear poised to continue to range above $1,400 with a 1-3 month outlook. Dividend growth (5% yield) reflects metals rally and may continue. Market cap 23.5-BLN means it is quite defensive as pure equity play....
Friday, August 16th 2019. GBPJPY Quote 129.10
GBP / JPY (Great British Pound / Japanese Yen) is the preferred instrument to buy GBP; buy GBP because of the trend created this week (August 12-16) and JPY because its' upsides will be more limited with it being up (refer to USDJPY May-August 2019).
GBPJPY target 132 (quote 129.10) for a 2.2% difference.
NASDAQ today is off 1% in 5 minutes trading, seemingly on news of FED benchmark rate cut.
FED cutting rates to sustain saturated market prices, increase stock market demand around all-time-highs. It wouldn't be too much to assume because stock (and debt) demand before wasn't adequate to liquidate enough despite prices being so high.
Dow Jones Industrial...
GBPUSD fell into the absolute bottom of its' range due to political speculations.
GBPUSD quote 1.223, buy target 1.255 for a 2.6% difference and a 3-30 day or 1-6 months time frame.
USD alternatives to short likely adequate too, in the longer-term, though 1-week and 1-month time-frames (refer to US Dollar Index) suggest probable downside in the USD...
GBPCAD quote 1.642 target 1.66 - 1.70; duration 1-12 weeks.
GBPCAD went up 1.1% on the current 5-day chart after +1-month near-constant decline; bullish sign.
USDCAD set to rebound while low on 90-day moving average; bullish sign.
GBPUSD low on 30/90-day moving averages, near October '16 Brexit lows; bullish sign.
Latest quote 5.712 for the US Dollar - Turkish Lira currency exchange rate, the sell target is 4.00. The duration is 1-5 years. Appropriate leverage is 1.5X equity, consider closing a loss if ranges 7.0-10.0 (appears unlikely). Overnight interest rate is positive 29% (dividend day-by-day through the year) according to Dukascopy which is a Swiss bank which renders...
AAL.L (Anglo American plc) is a precious metals producer with a healthy balance sheet and robust income. Having pulled back from $2,200 to $1,919 in congruence with major stock markets and a current market cap of $24-BLN it makes for yet another appropriate defensive play for the stock market rebound coupled with a probable tendency for precious metals to continue...
CPB (Campbell Soup Co.) is trading around $37.08 today and the market cap stands around 11.167-BLN which renders it a very defensive bullish stock-trade idea.
CPB target is $38.50 for a 3.8% difference from latest quote $37.08. The duration for this trade idea is 1-6 weeks. An appropriate secondary target is $44 for an 18% difference from current quotes.
HSBC is trading this month in congruence with the current global stock market pullback by offering a time-relative discount in share prices.
HSBC target $43 for a 5.4% difference from the current quote of $40.78. The S&P 500 is off 7.5% from doubly tested but not yet broken all time highs which renders this parallel HSBC trade idea as conservative and defensive....
May 16th, 2019.
GBPJPY (Pound Sterling / Japanese Yen) appears to be the key pair out of the major pairs after the Yen rallied sharply while the Pound sold heavily against their major peers. This created an opportunity to anticipate Yen profit taking to lead it down against the Pound which is at supportive price levels against the US Dollar.
The trade idea is...
AUDUSD bullish, today's quote is 0.7003. Target is 0.715 for a 2% difference. The duration for this trade idea is 1-12 weeks.
The AUDUSD trade continues carrying over as the Aussie is at a support. It's a more defensive and longer-term play than the EURUSD and USDJPY US Dollar sell trade ideas.
Overnight swaps short-selling USDZAR for most brokers run 6%-15% today and the weekend quote is 14.34, down from an all time high February 2016 at 16.16. Today is May 4th 2018.
High probability trade with limited risk.
Take profit target 11-13 while cycling partial-positions for profit targeting 13-14.
Economics fundamentals are a large factor for this trade idea.
Bitcoin target $8,500USD (refer to July 24th high) from latest quote $5,734 in 3-6 months and re-evaluate. Accepting $6,700-$8,500 manually.
Then short-sell outlook consolidation $3,000-$7,000 (refer to 2017 highs and 2019 lows).
Recommended low allocation.
AUDUSD (Australian Dollar - US Dollar) is back at March 2019 and December 2018 lows around 0.70. Now is a prudent time to consider buying, the latest quote is 0.701. The target is at 0.71, around the 2 month moving average for a 1.4% difference.
Outlooks - 3 month
Bullish - JPY, AUD, CAD and CHF
Bearish - USD, GBP