eddy121384

eddy121384

The oil market plunge lead the market to reassess the prospect of recovery and triggered another wave of risk-off sentiment, Technically, the previous wave of GBPUSD rebound failed to firmly break out 60 MA resist and fell, dropped sharply and is currently below all MA resists, daily MACD is also declining, the sign is weak and might have more chance to fall.

eddy121384

Only the stock market believes in a V-shaped reversal, but still, need to respect the technical. This week, US stocks continued their strong bull over the past two weeks, ignoring bad economic data and continued to rebound. SPX500 rose 5.81% throughout the week after receiving 10-day support on a small decline on Monday. As of Friday's close, the SPX500 has...

eddy121384 Updated 

The market seemed to turn risk-off today, with stock market retreated, USDJPY fall and treasury gained. USDZAR rebounded and climbed above 10 MA so would be a sign of continuing gain. Would set target at 19, which is near previous high.

eddy121384 Updated 

Kind of technical, price fall after nearly reaching 60 MA, but fall with global risk-off sentiment on Wednesday, NZDUSD fall further below both 10 and 20 MA, showing more weak momentum, thus sell NZDUSD. The technical indicator is not that perfect since that only daily MACD histogram is negative sloping in the positive above zero, but weekly MACD histogram remains...

eddy121384

The epidemic situation of COVID-19 continued to expand and the measures to combat the virus of various countries continued to increase, and the economy froze. The number of initial jobless claims in the US that has been announced on 4/2 has exploded to 6.648 million from 3.283 million last week. The rate of deterioration of unemployment data in the US for two...

eddy121384

Trump twitted that he had talked with both Saudi Arabia and Russia, and they agreed to cut production 10 million barrels per day. The oil price surged on the news. However, think that the news would only provide support for oil price and confirmed that 20 might be the bottom. Since potential jobless is still ahead and demand remains weak, it might take a longer...

eddy121384

Oil prices continued to fall on 3/30. WTI prices once fell below $ 20 per barrel, hitting an 18-year low, and some market analysis even target at $ 10 per barrel. The current price level has appeared 3 times in the past 20 years, namely the recession after the tech-bubble in early 2000, the financial crisis in 2008, and the shale oil breakthrough in 2015 and 2016...

eddy121384

Chinese March PMI data beat expectation. Manufacturing PMI jumped from 35.7 in Feb to 52 in Mar. (Exp. 44.8) while Non- manufacturing PMI jumped from 29.6 in Feb. to 52.3 in Mar. (Exp. 42). Data shows that the economy has been stabilized since the outbreak of the virus. Now might be stronger comparing to the U.S. Technically, USDCNH is still above 7, and...

eddy121384

Although the number of U.S. initial jobless claims on Thursday soared from 282,000 of last week to 3.28 million, the stock market still rebounded, over 20% in three days. The media reported that the market is returning to bulls. Obviously, the market ignores the severe bearishness data, and focus more on the Fed’s unlimited money-printing policy and the US...

eddy121384

On the evening of 3/23 Asian time, the Fed launched a heavy monetary policy, announced unlimited bond purchases, and expanded the scope of bond buying. The Fed had opened full firepower, and historically did all they could do to act as a lender of last resort to the whole economy. The initial response of the market was good, but due to fiscal policy still stuck in...

eddy121384

No one could have anticipated that the longest 12-year bull market in the U.S. history would come to an end in a form of virus outbreak, forced human economic activity to freeze and then followed by a total crash at a speed rarely seen in history. After the outbreak of the virus in Wuhan, China at the end of January 2020, the European and American stock markets...

eddy121384

What a market! During the Asian session, the dollar rush continued, the bond sell-off also continued along with the stock market. The focus of attention is the slump in AUDUSD and NZDUSD. At the same time, Australia's 10-year bond yield jumped 128bps, setting a historical record. The RBA again cut rates by 0.25% to 0.25% in an emergency and said it would control...

eddy121384

Global financial markets experienced the biggest turbulence since 1987 and 2008 during the week of March 9th to March 12th. In addition to the spike in the number of new crown virus cases in Europe which may lead to recession, oil prices also fell due to price wars between Saudi Arabia and Russia. The multiplication of the two caused great market unrest. European...

eddy121384

GBPUSD finally break 1.30 resist, which is a resistance level for nearly two months. It should be a sign of trend to start. Would set a short term target at 1.33 and stop loss at 1.30

eddy121384

Trump sent a negative signal on trade deal again, mentioned that there will be no deadline to sign a deal. The only thing matter is whether he wants a deal or not. It's even better to sign after the election the next year. Also, Ross said that additional tariffs would be levied if no progress before Dec. 15th.

eddy121384

Trump crazy again, the market turned back to risk-off. Technically, gold price did not fall below 1450 support and now back to above 60 MA resist, should be a chance to long.

eddy121384

BTC finally falls below 120 MA support for no reason and stopped before 240 MA support. Technically this seems to open a trend since BTC had been traded within thin range for a long time. Highs get lower since Jun and MAs converged. Now that 10, 20, and 60 MAs reopened, would take chance to short to catch the trend.

eddy121384

European stock rebounded with U.S stock from the begin of the year on the expectation that ECB will continue to support the economy and both sides of the trade war may cool down. Though ECB does claim to support the economy, U.S and China continued to escalate the trade war by raising tariffs against each other. Technically, the European stock index failed to...