There are so many catalysts, and potential factors that may continue to spiral downward on the start of this bearish stock market. For one, extended quarantine efforts may be necessary which will definitely limit business potential to appreciate, Corona fear is still the medias main concern and sentiment continues to be negative, Spending deficits, and many...
All technicals. Entering the Golden Fib Zone, looking to validate strength of fibs over the next months. Seems to have respected long term monthly support. I previously published a monthly short position near 9800, I've left a link as well. I've been observing BTCUSD as one of my go to trading pairs for about 2 years now .It looks oversold to me as candlestick...
There has not been too much more signs of heightened fears on the corona virus and on the feds most recent corona virus situation downplayed the severity of the situation since China's extensive effort to contain it injecting Billions into Market . We are expecting inflation to move closer to 2%, the fed is making bill purchases that continue to build reserve...
AUD is vulnerable to take hits from China because of Corona Virus, and AUD is heavily dependent on China. CAD's Gov Bonds show 1 MO & 1-YR in the positive green-zone. The commitment of Traders Chicago Mercantile Exchange shows non commercial bank long contracts at 67.19k - versus 48.63k short positions. Since the end of January the long contracts changed minus...
www.cnbc.com www.investing.com www.cnbc.com Corona Virus Fears are still prominent, but it seems as if global efforts are showing signs of recovery. In most futures they have rebounded the losses it took around peak fear of corona virus. Technical indicators pointing to a strong buy. Looking to swing to either TP1 or TP2
Corona Virus fears subside, Us and China Banks are pumping futures. Gold has taken a dive which means safe haven demand has diminished and fears of the virus are being contained. US manufacturing reports were very good, US consumer confidence was bullish as well, this may also help DJIA recover the 3% loss it had at the peak of corona virus fears. The problem...
The Bears have had the strength in price since 06/24/2019 ----- The most recent big bearish move was 09/23/2019 - since then the bulls have not made higher highs at all. The bears continue to trade below the psych price of 10000. Candlestick formation shows signs of a spinning top reversal signal pattern. All technical analysis, no fundamental analysis. TP 7300...
COT Report shows a majority of non commercial short positions being removed which may help add more volatility and it may consolidate downward.
The pair has jut reached monthly highs. Various verified news sources have weighed in on the progress. 1 source from Twitter - " @BBCkatyaadler - twitter.com twitter.com Technical Analysis on the 50% fib looks good for the reversal. GBP gains have let off steam now that fresh doubts on a positive brexit deal are seems more unlikely anytime soon.
As more conflict with Turkey going on in the middle east. US has decided to impose sanctions on the TRY people. The sanctions are not in effect yet but since the news of the release TRY has depreciated over 1% giving USDTRY and EURTRY over a 1% gain. Trump stated he will destroy the economy if necessary. Technical perspective has support from 61.8 FIB and broke a...
Technical Analysis
t.co twitter.com This Danske Bank bank analysis explains how on OCT 10 brexit may have a delay (85% Chance) which will ease investors fears of a hard brexit, which in turn will give GBP strength. The overall downtrend is still strong from a technical perspective. US and China are scheduled to resume trade talks at the same time as the Brexit deadline. If trade...
With risk of global recessions, global stocks such as: the dow jones, nikkei 225, dax, and uk100, have had spectacular losing streaks amidst all this trade war uncertainty, trump impeachment, and high importance data pointing to global slowdown and possible risk of recession, it is possible to see 100-1000 pip drops over the next period of uncertainty until global...
Euro is about to get tariffs imposed by USD, and should start losing strength to CHF soon. Technical analysis sell off 61.8 fib to demand zone 88.6 fib
As the US was considering limiting investments in China, the dow dropped more than 150 points. Usually NIKKEI positively correlates with us30. Whenever there is uncertainty in the US the asian stocks tends to suffer as well. Signs in soft data shows investment growth as very weak for JPY. CPI data came out bearish, and USDJPY appreciated as investors flew to us...
Recent optimism on USD and surpassing expectation i see AUD slipping to the downside and will continue the down trend.