Wheat price rebounded from low of 420 recently, and failed to berak the previous low in Feb. Seems to have potential to from up a W shape buttom. Technically, daily MACD and stochastics have bull divergnece signal and weekly MACD histogram is now sloping up. thus would bet on a rebound to come. This is a trade that assume to have potential before Jun. according to...
An chanve to long USDCNH
1. News on that US government is going to raise tariff againt China import from 10% to 25%, starting at 5/10, which is very near and surprise the market since the whole market is expecting trade tension is about to end this month. USDCNH jumped above 6.81 level after open on Monday. Though traded down a little, but keeped raising in...
GBPUSD seems to forming a triangle now, with support level near 1.30 and pressure getting lower.
However as the Berxit issue remains a huge uncertainty, would not bet on direction now but wait for break from either direction then follow the new trend.
1. UK blocked no deal Brexit, Sterling boosted
2. US-China trade talk continued, was said to give China until 2025 to meet its commitment. Market continued being optimistic.
Rate: US rates continued to rise with 10-year yield climbed over 2.50% level, given that the market continued being optimistic about the outcome of US-China trade...
BTC jumped for no reason at noon, technically, it breached the upper resistance of nearly a quarter (which is about 4150), and most MAs are now sloping upward. The buttom has already formed in the first quarter with higher lows, might have chance to grow further.