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EURAUD: Big Crash, incoming?Fundamentally I got Aussie strength on the horizon, whilst the EU is all over the place. I'm seeing a big fall coming, with the EU basically stagflating and AUD being buoyed by Chinese recovery, gold price increases etc. Even though we've seen positive data for the Euro this week, the effect on the FX has been negligible. Can't see the Euro doing much more than it has recently against the Australian Dollar. Could be a great trade for me this one...
Short
by Finchcliffe
2
AUDJPY: Bearish on AUD, Bullish on JPYI believe we're going to start seeing a shift in sentiment for the JPY, there were indications last week, we broke a rising trendline, we've retraced and retesting now. Fundamentally the Japanese economy looks stronger, despite the loose monetary policy. We saw in June 2022 that BoJ can chuck curve balls in too, I'm not necessarily expecting that but if it happens I want to be on the right side. I'm bearish on AUD with high inflation and a dovish central bank, there is big news this week, we may see another pause, if that happens then we'll be down to around 90.0 I think before a retracement. I'm looking to get in anywhere from now up to 95.5, and a sell down to just above last week's low (92.0) ahead of the news this week, which could send this one further down, but best to be cautious!
Short
by Finchcliffe
BEFUDDLED BANKINGIt’s no secret that the US banking industry is facing some significant challenges when it comes to securities losses. In fact, the Big 4 US banks - JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America - are sitting on a combined $211.5 billion in unrealized losses. That's a huge amount of money, and it's certainly cause for concern among investors and analysts alike. One of the key reasons for these losses is the ongoing volatility in the financial markets. As we've seen over the past few years, there have been a number of factors - from geopolitical tensions to trade disputes to the COVID-19 pandemic - that have contributed to significant swings in the value of securities. For banks that hold large portfolios of these securities, these fluctuations can have a major impact on their bottom line. Another factor that's contributing to the securities losses among US banks is the current low-interest rate environment. When interest rates are low, banks tend to invest in higher-yielding securities in order to generate returns for their shareholders. However, as we've seen in recent years, these securities can be risky, and when their values decline, it can lead to significant losses for the banks that hold them. When it comes to regional banks, the situation is even more dire. These smaller institutions often have smaller deposit bases, which means that they have less capital to work with when it comes to investing in securities. As a result, they may take on more risk in order to generate returns for their shareholders. Unfortunately, this can backfire when the securities they've invested in experience significant declines in value. So what does all of this mean for investors and consumers? Well, for one thing, it's important to be aware of the risks that banks are facing when it comes to securities losses. While the banking industry is generally seen as a stable and safe place to invest, the reality is that there are always risks involved. As always, it's important to do your own research and due diligence before making any investment decisions. For consumers, it's important to be aware of the financial health of the banks where you keep your money. While the FDIC provides insurance for deposits up to $250,000 per account, it's still a good idea to make sure that the bank you're working with is financially stable and secure. Doing so can help to protect your money and ensure that you have access to the services and resources that you need.
NYSE:JPM
by optionsswing
Bullish Cypher target $37Looking at this trading range, I've spotted a previous bearish cypher, a current bullish cypher. Price Action has retrace back to the Previous (B) leg of the Bearish Cypher. The Previous resistances, is currently acting as support for the D leg of the present bullish cypher. We can confirm this w/ the bottom of the Stoch RSI. I'm looking to buy put options on $faz ( the financial 3x bear ETF ) near the open bell Monday Morning.. I can also buy shares in the premarket of $xlf or call options. It will depend on the price action of both at that time.
AMEX:XLFLong
by moneyflow_trader
2
GBPAUDHello Traders. This is my view on GBPAUD. At first, the price has bounce up from the weekly support level, but now is touching the Weekly Resistance. Also, the Weekly Trend remains bearish from 2001, while any intraday 4H,1H Daily, whatever, is considered as a correction, personally speaking. That will be my entry with possible TP levels. The fundamentas in 8 days for GBP will push the price perhaps higher for GBP. So, we have to keep a look for AUD high impact news. I will be bullish in long term for this pair only if it breaks the upper supply zone. Please provide your comments! Goodluck!
Short
by The_Forex_Path
S&P 500 down more than 20% half-yearStock costs dropped forcefully this previous week as the S&P 500 finished its most obviously terrible first 50% of any year in the greater part a long time. The S&P 500 dropped 20.6% in the initial a half year of 2022, its most horrendously terrible execution in the initial two quarters starting around 1970. The Dow Jones Industrial Average is additionally down over 14% year-to-date, while the tech-weighty Nasdaq has fallen generally 30%. On Monday, a few major U.S. banks declared they are raising their profits subsequent to passing the Federal Reserve's yearly pressure test. Bank of America raised its profit by 5%, Morgan Stanley raised its payout by 11%, Wells Fargo helped its profit by 20% and Goldman Sachs climbed its profit by 25%. Kohl's portions dropped 21% on Friday morning after the organization pulled out from buyout discussions with Franchise Group. Establishment Group had recently proposed a buyout of Kohl's at a cost of $60 per share, yet Franchise had supposedly been thinking about bringing its proposition value down to around $50 per share before talks separated. The greatest negative impetus at stock costs in 2022 has been tirelessly raised expansion, yet new information from the Bureau of Economic Analysis recommends the Federal Reserve may at long last be gaining a touch of headway in battling taking off costs. On Thursday, the BEA detailed the Personal Consumption Expenditures (PCE) list was up 4.7% year-over-year in May, down marginally from a 4.9% increase in April. LIKE, COMMENT, SHARE AND FOLLOW. DUNHAMEGOR ON ALL SOCIALS .
AMEX:SPXLLong
by DEinvestment
Bosagora is one of the most interesting coins on BithumbBOA is one of those coins that were listed in some random exchange but when it got listed on Bithumb and then Bittrex it had a spike. Then went sideways and now it seems like it has reclaimed key support after it had a full cycle vs BTC. It doesn't look like the perfect chart/coin, but it is one of those listed on Bithumb that doesn't look like utter trash or that pumped really hard recently. Definitely one to watch or own in case it has another spike, maybe with a potential listing on UpBit. Disclaimer: This isn't trading advice. Please learn how to manage risk and don't follow anybody's trades blindly. Trading is very risky and you need to learn how to trade on your own. These are just ideas and some times I am slow to update them. If you want updates follow me here or on twitter to get brief updates. charts.cointrader.pro
BLong
by BitcoinMacro
BOA - Bank Of America Never been a big fan of Bank Stocks, but with much of the market recovering, banks still have room to head back to their 1q price levels. We also have the election on the horizon which leads to uncertainty and big money/smart money loves certainty. With the Fed printing and borrowing rates at historic levels, a dividend paying bank stock like $BOA fits that criteria for the smart safe (boring) money. At the moment BAC is consolidating and we're waiting for a break to see which way this stock will move. It appears there is still a good amount of time before it breaks but it's another one we'll keep our eye on. If it breaks in either direction, we'll wait for the price to retouch the purple lines on our chart confirming resistance or support (depending on which way it breaks), before entering a position. We know Buffet (through Berkshire Hathaway) just bought another 34 million shares in July and BOA is still paying a 2.8% dividend with room to grow. Our Targets: If we get a break to the upside, we're aiming at $32-34 range. A break to the downside, looking at $22.00 area for support. Once again, we're waiting for a break and then retest before taking a position on this one. Feel free to give us a follow and shoot us a like for more analysis updates. Cheers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
NYSE:BACLong
by MannyLo
Bank of America (BoA) / Short Term AnalysisWith the index that started to rise after the abundant money support given to the markets after the pandemic, we saw that this stock's price could rise to the level of fib 0.618. After this situation, the price seems to be between the rising trendline and the fib 0.382 level for now. If this continues and acts as a rising triangle pattern, the price may reach the tested fib 0.618 level in August or October. Only personal opinions and ideas. Does not include "Legal Investment Advice"...
NYSE:BACLong
by EmoteK
Failure data from ADP, ECB decision & BoA warnings Primarily the data on the US labor market from ADP was remembered yesterday. The number of jobs in private companies in the US in May increased by 27K (the forecast was + 180K). The figures are frankly failing and extremely alarming, given that official statistics from the US Department of Labor will be published on Friday. The dollar was one of the first victims of such data. Such a negative reaction is due to two main factors. Firstly, the US economy clearly signals problems, and secondly, such data is a reason for the Fed to establish itself in the expediency of reducing rates. Naturally, both of these factors are extremely negative for the dollar. Well, at the end of the day, the dollar managed to recover. One of the reasons was the publication of pretty good data on business activity indices. Secondly, there is, of course, a chance that Friday's labor market data will not disappoint. Nevertheless, we continue to recommend looking for points for dollar sales. The key event will be the announcement of the ECB meeting decision. Monetary policy parameters are likely to remain unchanged, but forecasts for economic growth will be revised downwards. In addition, weak Eurozone inflation data, published this week, led to the fact that the markets no longer expected to tighten monetary policy in the foreseeable future, and now they are waiting for its further softening. In particular, traders assume a 0.1% reduction in the rate by July of next year. This is definitely a bearish signal for the euro, so today we will refrain from recommending to buy euros. Well, or at least make it from very attractive points. Meanwhile, analysts are continuing to analyze the of a trade war possible consequence. The Bank of America experts named a number of possible scenarios for the situation development (between the USA and China). In particular, China’s exit from US public debt, delisting of Chinese ADRs, the exodus of American investors from the Chinese market, which is fraught with stock and bond sales on the markets, Chinese IPOs could lose access to the American financial market, and finally, countries could start a full-fledged currency war. So to the question “Could the situation become worse?” The answer is unequivocal “could.” Our position for today: we will continue to look for points for selling of the US dollar, sales of oil and the Russian ruble, as well as buying of gold and the Japanese yen. In addition, we will sell the Australian dollar against the US dollar.
TVC:DXYShort
by Trade24Fx
ETRADE BANKRUPTCY.? ILLEGALLY PLAYING WITH MARGIN ACCOUNTSWe just heard a rumor today that supposedly came from an eTrade Employee / High Ranking Executive that the company has started deceptively and unlawfully manipulating trading accounts due to extreme losses within thousands of eTrade accounts. What we heard... AFTER A STOCK IS PURCHASED ON MARGIN, with a 25% Margin Requirement, days, if not weeks later, the account holder will receive an email thats says... "SPECIAL MARGIN MAINTENANCE REQUIREMENT CHANGE" Within that email, eTrade bumps up the margin requirement on your trade from 25% to 45% and in many cases, we were told much higher. After the account holder meets the so called fraudulent margin requirement, and then sells the stock... eTrade then sends the account holder another email that says..."SPECIAL MARGIN MAINTENANCE REQUIREMENT CHANGE" and lowers the Margin Rate back to 25% - AFTER THE STOCK HAS BEEN SOLD BY THE ACCOUNT HOLDER The SEC and DOJ needs to investigate eTrade, its Deceptive Business Practices, its Fraudulent Accounting Methods and its Books. If you have an eTrade account, we suggest closing your eTrade account and transferring out to maybe Fidelity, Schwab or InteractiveBrokers. Also, judging by the eTrade weekly chart, the stock looks ready to crash! The stock is trading under the cloud and every indicator is negative. Support might be somewhere around $30 but if it keeps sinking, and breaks down below $25, look out below! On 2/5/2019, TD Ameritrade stock tanked...eTrade could be next to tank!
E
by UnknownUnicorn3159981
1
Bank Of America Heading Down To Test SupportOn April 6, 2017, the Bank of America Corporation ( NYSE:BAC ) 20 day moving average (MA) crossed below its 50 day MA. Historically this has occurred 83 times and the stock does not always drop. The stock has a median loss of 2.296% and a maximum loss of 15.389% over the next 7 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4748. RSI tends to determine overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is slowly trending down, but not clear if a volatile price swing is on the horizon. The true strength index (TSI) is currently -8.0671. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current direction declares the stock is moving down. The negative vortex indicator (VI) is at 1.1688. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is steadily moving down. The stochastic oscillator K value is 61.4618 and D value is 58.2159. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been moving up, but the divergence between the K and D is quickly shrinking and could also head down in line with all of the other technical indicators. Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to be heading down. Based on historical movement compared to current levels and the current position, the stock could lose another 4% over the next 7 trading days. There are many trendlines in play, but it is inconclusive which one will take hold next. Previous resistance around 22.20 has recently become new support and could be a viable level to be revisited.
NYSE:BACShort
by StockSignaler