DXY, EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD
SPDR S&P 500, ADVANCED MICRO DEVICES, INC. - COMMON STOCK, 12 RETECH CORPORATION, GENERAL ELECTRIC COMPANY COMMON STOCK, INVESCO QQQ TRUST, SERIES 1, ISHARES MSCI EMERGING INDEX FUND
S&P 500, Nasdaq Composite, Dow 30, Nikkei 225, DAX Index, FTSE 100
Gold, Silver, Crude Oil, Natural Gas, Corn, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
A lower real could very well be a tail wind reducing underlying domestic operating costs increasing petrobras bottom line. A strong dollar will be a boost as international producers continue to dump crude on the open market given oil is priced in $.
Eur/Usd long: corrective price action throughout the previous trading sessions, ending diagonal currently forming under Elliott wave guidelines looking for large moves to the upside in anticipation of news regarding current Greek debt situation.
After trading to the downside inside the channel, Prices briefly broke out prior to the start of US trading, Which I advised to sell into through out the day. The upper line of the pitchfork turned from resistance to support as can be seen at the recent swing low at 16:00. The upper line of the channel should provide additional support for the next swing low in ...
NZDUSD Is trading lower along with a majority of pacific exchange rates after Chinese PPI (-4.8%) data showed the largest slow down in producer prices since bankruptcy of Lehman. The RBNZD is set to met 20:00 Wednesday to decide on the cash rate, Which will certainly exacerbate current exchange rate volatility.
NZD/USD is trading sharply lower after last nights data coming out of the world second largest economy (China), China PPI slowed once again contracting -4.8% thus being the largest contraction since post Lehman. RBNZD is set to announce its cash rate on Wednesday which will further exacerbated volatility in the exchange rate. All Technical s point to the downside ...
AFTER THE FEB 5th .25% CUT VOLATILITY HAS SHOW A LARGE UPTICK, LEAVING SOME TO QUESTION IF CAPITAL CONTROLS ARE THE NEXT MEASURE TO AVOID AS SWISS STYLE OF REVALUATION AND ADD TO THE ALREADY INCREASING GLOBAL EXCHANGE RATE VOLATILITY ENVIRONMENT.
CORRECTIVE MICRO STRUCTURES
AudJpy contracting triangle before the bell, After the RBA surprise decision not to cut the cash rate 25 basis points last night the market imminently reversed. The inherent market structure suggests a w x y correction in which wave w is a 5-3-5 zig-zag and wave y is a contracting triangle which would confirm to the rules of alteration under Elliott wave. The fibs ...
Possible bottom in place, yet it is to early to make that assumption due to the fact that sub wave b in the contracting triangle formation could be an impulsive sub wave 1. More analysis is needed of the micro price structure to confirm a progressive price cell.
Holding short position into the weekend
^S (Stop) 93.6300
T1 (Target 1) 93.0000
^RAR (Risk Adjusted Return) 3.1
A bit of a reach given the current sar levels coupled with the internal cell structures.
^T1 Target 1 1175.00
A bit of a reach yet this is the most likely outcome given the SAR levels coupled with inherent wave structure. Gold prices retraced the previous swing low move in a 3 wave corrective structure, all that being said prices have turn bearish once again.
Gold broke a long standing continuation wedge only to find resistance at the 1215 swing low. Prices traded sharply down after the 8:30 data which included CPI inflation and employment numbers. Given the current price structure all points to further downside.
AUDUSD reversed all the gains prior to the CPI print this morning at 8:30 which is the first yoy deflationary number post Lehman at -.10%. Prices broke through the inverted head and shoulders neckline after the 8:30 data release. The RBA (Reserve Bank of Australia) is estimated at a 58% probability to cut its cash rate once again by .25% due to a slow down in ...
Previous 4th wave resistance of wave 3
Over bought readings on a majority of oscillators
^S Stop: 93.900
^T Target 93.55
Prices testing ^R2 (resistance 2) levels were there is also long standing trend line resistance any trading through this level would suggest further upside in the AUD/JPY exchange rate. MACD reading's are showing inverse divergence which is when the most recent swing high registers a higher reading on the MACD relative to the previous swing high thus being a ...