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Political Sway: Biden, Trump, Macron, and Mbappé Investors are bracing for a series of political events in the coming weeks, beginning with Thursday’s debate between U.S. President Joe Biden and Republican Nominee Donald Trump, and extending to elections in France and the United Kingdom. Thursday's debate is expected to offer contrasts between Biden's and Trump's economic visions (in-between personal jabs). Trump has hinted at his debate strategy, focusing on inflation and criticizing Biden's economic record. "Under Biden, the economy is in ruins," Trump declared on Saturday. His economic proposals include imposing strict tariffs on imports, pushing the Federal Reserve to cut interest rates, and extending the tax cuts from his first term. Economists warn these measures could stoke inflation further if implemented. While Biden may avoid discussing the ballooning federal deficit, Trump is expected to bring it into the spotlight, despite the national debt increasing by 25% during his presidency. At the same time, EUR/USD traders need to stay alert as the French elections approach. The final week before the vote could bring significant shifts in market sentiment, driven by polling data. Current projections show the far-right National Rally (RN) party and its allies leading with 35.5% of the vote in the first round of parliamentary elections. Meanwhile, President Emmanuel Macron’s centrist coalition is trailing in third place with 19.5%. Interestingly, football star Kylian Mbappé on Sunday urged the French public to vote against "extremes," a statement interpreted as an endorsement for Macron. Mbappé, currently the highest-paid footballer in the world, could influence younger voters and add an unpredictable element to the election's outcome.
by BlackBull_Markets
Since Reaching - Bear gets drunk and brawlsIt is fair to say a lot has happened since everyone was reaching for the new high - including us. Now, the reason why since the first week of Jan we were short, then short scalping is because we know how price can be manipulated on Gold. From the very first Idea, we spoke of short scalping until the scalp becomes "the short" and holding on to longs from the best buy prices up to the desired short entry prices. Short scalps were definitely killing the game and a lot of fun. On 18th Jan 2022, we shared an idea titled "Short Scalps Done?" In this Idea we spoke of price potentially recovering a Green Vector (manipulation) candle at 1805. Guess what, there was a quick wick down to 1805.88 and a buy limit triggered that we took up to 1824. Another buy stop triggered at 1819 took us up to 1837. We started looking for short scalps again around the top of the Box that we found ourselves at. On the 20th Jan we entered a short scalp and a full short aiming at the Green Vector candles down at 1818-1816, with the lowest at 1810. This did not happen and we had to cut the full short at 150 pips (@1830) and could sense that price would be manipulated again to the upside. It danced around a little and gave both long and short scalps while loading up the last piece of manipulation to the upside. On the 24th Jan, 1830 held again as a support and on the 25t Jan, literally the next hourly candle (green Vector) after we published the idea titled "hourly dance off," we had the manipulation that took us up to what became the most recent high. 1853.8-1854. Depending on what chart you use. While everyone was dreaming of 1900, we were swiftly into short scalps with a full short too. 80% of that full short just closed this morning when price hit the low of the average daily range (1780). (1853 - 1780) that's 700 pips. This is what we mean by short scalp until the scalp isn't a scalp any more but instead has become "the short" Now we have had a 50 pip long scalp from the low ADR and are a little apprehensive to hold a full long for now as there are more Green Vector candles at 1760-1750 and even more below. But we are holding full longs nonetheless. the stops are at 1782 anyway so whatever happens doesn't matter to us. If we have a 4 hour close in the box that we are in, then we can see the bottom of the box very soon. (1760) However if it flips up and we have a 4 hour close in the box above. There is a chance for more long scalping. Progress check! 36 trades since 11th Jan 20 shorts 10 50-90 pip scalps (6 x 100+ pips) (1 x 200+ pips) 16 longs 7 50-90 scalps (2 x 150+ pips) (2 x 100+ pips) (1 x 200+ pips) 33 wins 3 loss 1 Short running (20% of position-1853) 1 long running (1780) (with SL just above BE) Our buy and sell prices are still the same as in the previous Ideas! Good luck guys! This is not financial advice and should be taken with a pinch of salt.
OANDA:XAUUSD
by Squeeezy-Trader
Crypto Market 1H AnalysisI took profit from all my trades that were in profit so I'm 100% on Tether. I think having Tether is the best position in this situation.. If it moves higher I'll enter for higher highs and if it dumps I'll wait for new lows to move in a trade.. I'll let you know for new levels of opening when the market decides to go up or down soon.. Next point is that the last US Presidential Debate was so confusing so we're are watching this confusion in market too.. Next, Dollar Index (DXY) has reached an important low and we should wait and see if it breaks this low level it'll move to lower lows so the gold and crypto market will go higher. But if Dollar Index reacts to this important low and pulls itself up.. we'll see some crypto movement toward down.. These are my Technical and Fundamental reasons for me to take profit all my trades and be on 100% Tether. So I'm waiting for Next movement of the crypto market to take part in trades, It could be upward or downward.. Let's enjoy the ways together.. This is my idea.. What do you think???
by ArshiaZojaji
2
EUR/USD Trading Around Stimulus/BrexitOANDA:EURUSD is near completion of it's Elliot's Wave pattern following a tough week for the Dollar. Today's action is mostly accredited to strength of AMEX:SLV and TVC:GOLD . I believe there is a correction or some consolidation due early next week with the amount of economic announcements on the US and European sides, and as Brexit new's continues to develop with apparent "rounding issues" occurring. GOLD and SLV will likely flatten out due to the upcoming debate. Also, with US Stimulus likely becoming a hot topic at the debate with rumors still floating some type of relief. In conclusion, Europe and Britains uncertain future will likely bring weakness to the Euro early in the week, and I predict the dollar to stay flat leading up to the debate and bounce with more strength in GOLD and SLV or a Stimulus package. EUR/USD could easily reach 1.915 next week as these events play out or retrace to resistance turned support from July.
by crawfordpaul
SPHealth 2 Week Comparisons (Oct 7-20 2020)SPHealth - Growth Analysis & Comparison - Cindicator Poll Submission (October 7th - 20th 2020) I've been looking through my Cindicator questions, making forecasts and watching markets as new polls pop up. Here's a comparison chart for 5 major S&P health companies and my rankings forecast. (Descending order from most growth to least) United Health Group Inc (UNH) Abbott Labs (ABT) Johnson & Johnson (JNJ) Pfizer Inc. (PFE) Merck & Co. (MRK) This forecast will be explicitly graded by total growth % comparisons of opening prices on October 7th to closing prices on October 20th across the 5 aforementioned companies. As of right now before 10-9-20 daily market open, the percentage growth is as follows: UNH +1.9% PFE +1.87% JNJ +1.56% ABT +1.1% MRK +0.54% When looking at a specific metric within the already completed duration since I submitted my forecast, overall recent growth is: UNH +2.82% PFE +2.66% JNJ +2.24% MRK +2.22% ABT +1.62% 10-9-20 Forecast Adjustments: Now that I have seen the last 2 days play out, I'm starting to notice a couple things about my forecast and actual live value. I'm confident that United Health will still outperform, but this outlook could change if any major market sell off occurs before the 20th. Pfizer looks like it could be a strong runner up, and I may have flubbed my original forecast by ranking it 4th in growth. Johnson & Johnson is performing approximately as expected. Merck and Abbott Labs could be tricky to pinpoint exactly without some further research and analysis but, I'm guessing that Abbott may come in 4th place if everything settles after any quick rallies that should happen. If a light pump in Merck occurs over the 19th-20th, then there could be a small chance it outperforms Abbott for 4th but it feels like an unlikely scenario. After these deliberations, I've decided my forecast doesn't need much adjusting other than to swap the placement of Pfizer and Abbott. My updated forecast is as follows: United Health Group Inc (UNH) Pfizer Inc. (PFE) Johnson & Johnson (JNJ) Abbott Labs (ABT) Merck & Co. (MRK) One thing to note is that I believe TradingView is not calculating its percentage scale correctly, its placing the 0% Y axis at the close value of the first candle used to calculate growth. So this graph is really just more for me to check my own work by hand, as the percentages on the left will not accurately portray what is actually being graded by Cindicator. I'll check back in after the 20th to see how this turned out! Thanks for tuning in :) Disclaimer, I am not responsible for any losses incurred while attempting to use my data, I hope this can prove to be some sort of learning tool for some and give insight as to how I personally come up with my own numbers. Take into full consideration this could be a completely bad forecast. Cheers
NYSE:UNH
by Hambooger
RIPPLE INDECISION!!!Does ripple have a huge mountain to climb? This handle it is approaching has been very detrimental in ripples success in the past but currently looking like a downwards channel is forming and ripple could be looking for a drop to the downside towards $0.2? Or do you guys believe it will break this resistance and start climbing as bitcoin looks to begin also! Let me know what you guys think will happen to ripple? Is all the clickbait hyping it too much? Is the news and stigmas around it true? Leave a comment down below!
BITSTAMP:XRPUSD
by BenCheungFx