Ridethemacro

Ridethemacro

Trade based on Fundamentals and Price action. With Risk Management You will Never loss. Order : Buy Entry : 31.600 Target :32.280 Target :33

Ridethemacro

Trade based on Fundamentals and Price action. With Risk Management You will Never loss.

Ridethemacro Updated 

📌 macro financial level, COVID continues to be having a misplaced lasting effect among nations with locations like France and different European nations being hit once more with a 2nd wave. These unsure black swan activities make it very tough to give you alternate thoughts due to the fact any 2nd the important authority or authorities can intrude with the loose...

Ridethemacro

📍 GBPUSD is trying to correct on Thursday but the COVID-19 pandemic and Brexit put too much pressure. The British Pound remains weak against the USD on Thursday despite today’s slight attempts to correct. The current quote for the instrument is 1.275xx. The Pound remains under pressure from two very negative factors, the coronavirus, which is reviving in the...

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🔺 Bitcoin has fallen to a fresh weekly trading low, following another day of heavy technical selling in the S&P 500 and other US equity markets. Technical selling was also a factor in the recent decline, following a breakout below a symmetrical triangle pattern. BTCUSD bulls now need to defend the $10,300 level to encourage a rally back towards the $10,500...

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🎈 Given the absence of important fundamental statistics today, the pressure on the euro was also limited in the first half of the day. After an unsuccessful attempt to break below the monthly lows, the pair returned back to the opening level. 🔑 From a technical point of view, nothing has changed. Bears will continue to focus on breaking through and fixing below...

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✅ The optimistic numbers have proved that the world’s second largest economy is steadily recovering from the virus slump. Notably, the pair has already been falling for the 6th week in a row, therefore the report has just added tailwinds to the yuan. Moreover, the massive sell-off of the USD pushed the pair to the downside as well 📉. 📌 It’s impossible to ignore...

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As the drivers of exports and tourism continue to be missing in action, the negative GDP growth trend is here to stay for the rest of the year, and perhaps beyond. Rising political uncertainty is another reason why we expect the Thai baht to remain one of Asia's weakest currencies over the remainder of the year. 🦠 Thailand has been one of Asia’s Covid-19 success...

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As All Markets Face Sell Off On Monday Markets Opening. As CAD/JPY pair Dropped around the key level of 78.4xx 78.xxx. Overall CAD is still under pressure but we are looking for some correction from the area of Key level to ride a Pull back. 📌 Certain currency pairs are highly influenced by commodities like gold and crude oil🛢️. The CADJPY is one of those...

Ridethemacro Updated 

USDCHF has been trading in a range between 0.9200 and 0.9000 since late July. when it retests the top of its range at 0.9200. Elsewhere, they are confident the pair will eventually break through 0.9000. The most important even of the day is the Fed’s report today. It definitely will add fresh volatility to the market. in particular, await the Fed to deliver the...

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📌 Treasury yields move higher ahead of Fed speeches. U.S. government debt prices fell on Friday morning as investors monitored rising cases of coronavirus and polls ahead of the U.S. election. the yield on the benchmark 10-year Treasury note rose above 📈 1% to trade at 0.6904%. The yield on the 30-year Treasury bond increased 📈 by about 78 basis points to trade...

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📌 New Zealand 10Y Bond Yield. Like, subscribe and leave your comments below! 🤝 Until next time, Ride the macro

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📌 Wall Street closed deeply in the red on Friday and the S&P and Nasdaq linked a third weekly decline, as sharp losses in the tech sector continued. Shares of Big Tech dropped steeply led by Apple (-3.2%), Amazon (-1.8%), and Microsoft (-1.2%). On the earnings side, US Steel rallied 9% after the company reported a smaller-than-expected quarterly loss. On the...

Ridethemacro

📌the USD/JPY currency pair reached one and a half month lows this week at the middle of the 104th figure. In this price area, the southern momentum has faded and now traders are at crossroads: on the one hand – the weakening greenback which again began to lose its positions and on the other hand – the lack of weighty arguments for continuing the downward movement....