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USDJPY Vulnerable on Monetary Policy DynamicsThe pair is heading towards its second straight losing month, due to the shift in monetary policy dynamics, which could fuel further losses and new 2024 lows towards 140.26. Chair Powell offered the strongest signal to date of a September pivot, bolstering market optimism for multiple rate cuts ahead. The bank of Japan is on the opposite direction, trying to make policy less loose. Stepping up its effort, it raised rates for second time in this cycle and pointed to more moves, while Governor Ueda stack to script last week. On the other hand, Mr Powell did not offer any insights around the size and pace of rate cuts, while market pricing for four moves this year is stretched. The BoJ’s latest rate hike meanwhile sparked volatility and forced the bank to pledge to not hike again while markets are unstable. Furthermore, the rate differential will still be wide even if the BoJ hikes again and the Fed cuts more than once. As such, a recovery effort would not be surprising, but the EMA200 (black line) and the 38.2% Fibonacci of the recent slump can cap the upside. Sustained strength above this resistance confluence does not easy under the current policy dynamics. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”) (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
Short
by FXCM
EURUSD Long - term outlookEURUSD Long - term outlook This is a Daily chart for the EURUSD. With the most recent increase, EURUSD managed to break out to the up side of a massive Triangle that's been forming since January 2024 At this stage the price has produced an effective breakout as it has closed a few candles above the resistance line There are 2 additional confluences that support a possible increase - The 20, 50 and 200 EMAs align to indicate a possible beginning on an up trend and the MACD is indicating Bullish continuation The price can continue up targeting 1.11 and 1.125 in extension but this might as well be a false breakout and the price may reverse down again aiming at the 1.07 levels The way that you can increase your chances for success are by looking at a smaller time frame
by RTED_Investing
Nikkei Hits Bear Market after BoJ HikeAfter a cautious approach away from its ultra-easy monetary setting, the Bank of Japan bolstered its normalization efforts last week. Policymakers raised rates to around 0.25% after the March watershed exit from sub-zero levels, pointed to more moves ahead and also announced sizable reduction in bond purchases. This action signaled tightening resolve and also accelerated the Yen rebound, threatening to unravel the two key pillars of the stock markets’ rally to record highs. Along with broader recession fears after the US jobs report, JPN225 slumps into a bear market as it loses more than 20% for July’s all-time high and could be in for further losses. On the other hand, the BoJ is still in accommodative territory and warned that could increase its bond buying if needed, while the broader market rout could push it back into a more conservative approach. Furthermore the rate differential is still huge and the carry trade may persist. From a technical standpoint the RSI points to the most oversold conditions in years and that could help JPN225 rebound out of bear territory and towards a cluster of hurdles that starts with the 200Days EMA, but significant sentiment improvement needed. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:JPN225
by FXCM
Bitcoin - Preparing for Massive PumpBitcoin has almost completed its consolidation, preparing for a major pump to the upside. Although the Daily EMA is showing a Bearish trend (EMA Crossed 2 days ago), on the WEEKLY chart, the trend is still very much Bullish. However as we can see, there is a Daily FVG waiting to be filled by price action. This Daily FVG is also where many Longs have their Stops in the Futures markets, which I suspect will be the catalyst for the first initial pump upwards from this current price range/area. Price action is still in the premium zone, however I suspect by another 24 to 72 hours, price will arrive in the discount zone which will be the reversal point. (eg: below the 0.50 Fibonacci marker) I have made a white box which shows the area I suspect will be the reversal point to the upside. Anywhere in this white box should be the reversal area. I do not expect the price action, at this point in time, to go below the $60,000 dollar mark. I am expecting price action to fly past the previous ATH.
Long
by Market-Pip-Factory
26
29/07/24 Weekly outlookLast weeks high: $69,404.60 Last weeks low: $63,458.72 Midpoint: $66,431.66 As July comes to an end a lot has happened in the last month, from starting the month @ $53,000 to now just above '21 ATH. Last week we saw a lot of volatility caused by some news events, namely the ETH ETF & Bitcoin Conference. The structure of the price range differs to the previous two weeks were price started low and finished high. In this instance we have a midweek low after ETHEREUM ETF went live and then price ramped back up in anticipation for the BTC conference with Donald Trump making a speech as well as Michael Saylor and RFK jr, all of which were extremely bullish on the crypto space and pledged to improve Americas relationship with the industry and increase holdings of BTC. Now price is currently positioned above the $69,000 '21 ATH which has been one of the most important S/R levels over the last year, acting as the catalyst for major moves off both upside and down. I would like to see the daily close out above this level with conviction, general sentiment is to get nervous at this level as in the past it has failed to hold. CT is silent even though we're within touching distance of ATH and that purely comes from repetitive failure to hold this line. This week I'm keeping an eye on the inflows and outflows of both BTC & ETH ETFs, the $69,000 S/R level and strength returning to the altcoin market which has continued to take a back seat in recent weeks/ months. Blackrock have expressed their want to increase exposure to RWAs and so real world assets on the Ethereum chain could be a good place to start.
by ProR35
15/07/24 Weekly outlookLast weeks high: $61,431.5 Last weeks low: $54,288.74 Midpoint: $57,860.12 Last week BTC had a strong rally from the beginning of the week by printing the low in the first hour, and then closing at the weekly high at the very last hours on Sunday, a +13% climb over the 7 days. The Consumer Price Index (CPI) results came in very positive with a better than forecast result. CPI (YoY): FORECAST: 3.1% ACTUAL: 3.0% The Producer Price Index (PPI) results came in higher than forecast. PPI (MoM): FORECAST: 0.1% ACTUAL:0.2% Despite a positive CPI and negative PPI the chart reacted in an opposite direction to how we would expect. Eventually after Friday's PPI results the MIDPOINT of the range got flipped and has been rallying ever since. Usually a weekend pump is not something to be trusted alone, the lower volume can often paint a false picture and because of this the Monday close is very important. Should Mondays close be above the last weeks high I think this could be a catalyst for flipping the Bearish trend back to Bullish. Another indicator of a trend change is the 4H 200 EMA which has now been broken and awaits confirmation of acceptance above, again this leads into the Mondays close being key. Close above $61,500 = BULLISH Bounce and reclaim of both 1D & 4H 200EMAs, set up nicely for HTF continuation of Bullrun. Close below $61,500 = BEARISH A swing fail of last weeks high could also imply a rejection off 4H 200EMA and continuation of the chop/ LTF downtrend.
by ProR35
2
USOIL Slides to Crucial Support Region on Demand JittersThe commodity staged a four-week relief rally recently and the longest profitable streak of the year, helped by OPEC+ supply curbs extension and summer travel demand. At the same time, soft US inflation and dovish Fed commentary have boosted market pricing for multiple cuts, which can provide another tailwind. Above the EMA200 bulls have the ability to set higher highs (84.54), but don’t inspire yet confidence for new 2024 highs (87.66). Despite the near-term favorable supply-demand dynamics, longer-term prospects are gloomy, as OPEC+ will start returning oil to the market and usage is likely to decelerate substantially this year. This week’s data from China (the world’s largest importer) aggravated demand concerns, as the economy grew by 4.7% y/y in Q2 and the slowest pace in more than a year. USOil faces pressure as a result and threatens a key support region, provided by the 200Days EMA (blue line), the 38.2% Fibonacci of the last leg up and the upper border of the daily Ichimoku Cloud. Although this cluster has the potential to contain the fall, a breach would shift bias to the downside. This would expose WTI to 76.13 and bring the June lows to the spotlight (72.40), although sustained weakness is not easy under current conditions. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:USOIL
by FXCM
Hang Seng Slips after New Disappointing Chinese DataLast week’s soft CPI report showed that China has not escaped deflationary pressures and today’s data reaffirmed the weak consumer demand environment, as retail sales rose just 2% y/y in June and the worst print since late-2022. Adding to the woes, the economy grew by 4.7% y/y in Q2 and the slowest pace in more than a year. HKG33 slips after the new disappointing data and remains in peril of breaching the ascending trend line from the 2024 lows and the 50% Fibonacci of the advance from that low (at around 17,200). That could open the door to further losses towards 16,000, but we are cautious around such moves. This week’s new disappointing releases may aggravate concerns around the economy, but also raise the chances of more stimulus by Beijing just as the Third Plenum kicks off, where officials will have the chance to discuss supportive measures. HKG33 can find renewed support as a result and last week it managed to gain ground, overcoming the poor inflation report. Although the upside remains unfriendly, the index tries to hold the initiative about the EMA200 (black line) that keeps it on track for 18,736, but sustained advance towards this year’s peak 19,794 does not look easy. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:HKG33
by FXCM
Copper Constructive but Struggles for BreakthroughFollowing a sharp pullback from May’s record peak, Copper made a strong start to the third quarter, returning above the EMA200 (black line) and regaining the initiative. It tries to take out the 38.2% Fibonacci of that decline that will allow it to push towards 5.000-5.041 handle and eventually challenge the all-time highs (5.200). The fundamentals remain favorable, as key miners have lowered their activity, while the AI boom and the clean energy transition drive demand for the non-ferrous metal. On the other hand, there are risks to the upbeat supply-demand outlook, like China’s bympy recovery and distressed property sector, along with a slowdown in EV adoption and other factors. Furthermore, Copper struggles to break above the pivotal 38.2% Fibonacci and failure would create scope for lower lows (4.323) but the downside appears well protected and sustained weakness past it looks hard, technically and fundamentally. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM
1
USDJPY Pulls Back as US Labor Market CoolsAfter years of ultra-loose monetary setting that has been detrimental for the Yen, the Bank of Japan has started the normalization process, but does so slowly and remains accommodative. Its US counterpart meanwhile looks to pivot from its aggressive tightening, but persistent inflation creates apprehension. As a result, USD/JPY is having another banner year with 14% gains in the first half. The rally continues in the third quarter, as the pair reached 38-year highs last week, bringing 165.00 in the spotlight. On the other hand, the rally raises risk for new FX intervention by Japanese authorities, which have already spent nearly ¥10 trillion this year to support the ailing Yen. The weak currency increases pressure on the central bank to tighten its policy, supported by elevated inflation and strong wages. Policymakers have signaled they will reduce the amount of bond buying and at least one more hike is reasonable this year, following the historic exit from the negative rates regime in March. Fed officials are cautious around removing monetary restraint, due to stubborn inflation, strong economy and tight labor market. However, the disinflation process has resumed according to recent data, while Friday’s report showed that employment conditions are easing, boosting market bets for two rate cuts this year. The shift in monetary policy dynamics is weighing on the pair after the 38-year peak and creates scope for a deeper pullback that would test the EMA200 (black line). Daily closes below it would pause the bullish momentum, but strong catalyst would be needed for that and the downside appears well-protected. There are key events coming up this week that can shape the trajectory of the pair, namely Fed Chair Powell’s two-day Congress testimony and the US CPI inflation update. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
by FXCM
Tesla’s Post-Deliveries Surge Stretched from an EV StandpointTesla is having a rough year, being the underperformer of the Magnificent Seven group, as its peers surge. But the stock soared to new 2024 highs after the Q2 delivery report showed a substantial sequential increase, gaining more than 20% this week. Bulls are now back on the driver’s seat and have the opportunity to chase last year’s peak (299.29), although the record highs are distant. However, this surge is hard to justify from a purely EV prospective. Tesla may have offloaded some of its inflated inventory in Q2, but deliveries were lower than a year ago, just as sales of Chinese rival BYD surged. Demand has weakened despite price cuts, the futuristic Cybertruck is not for mass production (and not for everyone) and we still have not gotten an update of the aging Model Y, which was the best-selling car of 2023. At the same time, there is some uncertainty around the crucial 25K affordable car that could accelerate sales and EV adoption, although it’s a price point where Tesla may have a hard time competing against Chinese firms. Given these factors and the fact that the stock rally is stretched, a return below the EMA200 would not be surprising. This would create risk for new 2024 lows (138.80), but sustained weakness has a higher degree of difficulty. Tesla at this point seems like a somewhat overvalued car maker, but an undervalued Artificial Intelligence company. At least part of the market optimism must be based on the AI promise. Elon Musk is preaching AI as the future of the firm, in a technology with the potential to unlock tremendous value as Tesla definitely has an edge, given the vast amounts pf proprietary data it collects from sources like the cameras and sensors in the hundreds of thousands of vehicles it has sold. The CEO pushes hard on full self-driving and robotaxis, with announcements expected in August, as well as humanoid robots and envisions more than a thousand of them working at Tesla factories next year. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
NASDAQ:TSLALong
by FXCM
Rivian Makes the Right Moves & the Stock Rebounds to Key TechRivian had a tough couple of years, as unprofitable startups are more vulnerable to the adverse external environment from high interest rates and lingering inflation. This has softened EV demand and deliveries have been disappointing in recent quarters. Highlighting the challenges, executives believe 2024 production will not surpass that the last year. But the large output-delivery gap of Q2 shows that Rivian is offloading its inventory. Rivian is making the right moves to turn things around and it will be launching two smaller EVs, starting in 2026. These are crucial for its future, as they will help it increase its customer base, stop the cash burn and eventually make money. The recently announced cash injection from auto giant Volkswagen can help it whether the storm and accelerate its progress. These developments have helped the stock to relief rally from the April record lows, bringing it to a critical technical juncture. RIVN tries to take out the 38.2% Fibonacci of the slump for the end of 2023 and the EM200 (black line). Surpassing them would shift momentum to the upside and facilitate further gains. Despite the turnaround plan and promising developments recently, the off-road EV maker is not out of the woods yet. On the technical front, a rejection of the aforementioned critical resistance cluster would reaffirm the bearish bias and enhance risk of lower lows. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
NASDAQ:RIVNLong
by FXCM
Nifty Higher Highs! Nifty has been seen gone bonkers and making swift moments upwards, without giving any breather to option writers. India VIX too marching along nifty(as suggested in previous post). Here in this study, on the left, I highlight the fund managers' chart or Quarterly Chart of Nifty. With help of #Elliot wave principles, I have marked the #Fibonacci Extension level on the lifetime chart of Nifty. Interestingly, Fibonacci levels have acted as major #Resistances. We have see big corrections only at these levels. We had expected Nifty to spend some more time at 2.6 Fib levels or 18000. But, Nifty has surpassed this 2.6 Fib Level and now heading towards 3.6 Level or ~24250. Before that I do not foresee any major correction! Note how Quarterly 50 EMA as been the lifeline or rock solid #support, even in time of distress. On the right, is the post-covid rise of Nifty on Monthly time-frame. I have plotted EMAs and MACD. Very beautifully price has mostly been above monthly 5 EMA to continue its upwards journey. Monthly 13 EMA and 26 EMA have acted like good support, ideal for swing entries. Currently price has broken out of the 2023 #Flag&Pole pattern. Zooming towards the next Target ~24250. Here I would like to draw your attention on #MACD. The rise after the covid-fall had given us positive crossover. And it is only now that we are getting a positive crossover which has now sustained with the flag breakout and aiming upwards. Isn't it a great confirmation. It is buy on dips all the way, provided you get those dips now ;-) Note: Current Monthly candle is still a running candle. It can even close at lower levels or turn negative. So is the case with the Quarterly candle. But this will not change our view. Our view will still be bullish towards our next target ~24250, just that the momentum might get slow and that we might take more time to reach our target.
NSE:NIFTYLong
by TradeRight_by_VP
2
AUD/USD Upside Bias Supported by Hot AU InflationAustralian inflation accelerated 4% y/y in May, according to Wednesday’s data, marking the fastest pace in six months. The Reserve Bank of Australia was already worried around price pressures and had once again discussed raising rates during this month’s hold, while keeping the door open to further tightening. Yesterday’s hot CPI report likely aggravated these concerns and strengthens the case for a rate hike, while diminishing chances for a shift to a less restrictive chance this year. AUD/USD erased its gains yesterday after the initial jump, but remains constructive and the monetary policy differential supports further upside. The US Fed is reluctant to pivot, but still sees a rate cut this year, while markets are more aggressive and price in two moves. The technicals are also favorable, since the Aussie has defended the 38.2% Fibonacci of the last leg up and trades above the EMA200 (black line). This provide a solid basis for higher highs (0.6714) that would bring the 2024 peak in the spotlight (0.6839), although bulls don’t inspire yet confidence for challenging it. On the other hand, the bar is high for further tightening by the RBA, while the weak Australian economy creates pressure for an easier monetary stance. The Fed meanwhile expects just one cut this year, due to the disinflation slowdown, which supports the greenback. As such, the there is scope for renewed pressure towards the pivotal 38.2% Fibonacci and the daily Ichimoku Cloud, but sustained weakness below it is not easy given the favorable monetary policy differential. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
Long
by FXCM
Nikkei Remains in Consolidation after Mixed Inflation DataJPN225 has backed off its March record peak, as the central bank made a historic exit from negative rates, shifting away from the ultra-loose stance that has devalued the Yen and has boosted equities. The BoJ is set to go further down that road and start scaling back its bond buying, while at least one more rate cut this year looks reasonable as officials expect underlying inflation to increase gradually. These prospects could weigh further on the index and sent it back towards this year’s low (36,732), but the downside appear unfriendly with the 200Days EMA following (blue line). Despite the pullback, JPN225 shows resiliency, as the Bank of Japan maintains an accommodative stance and the lack of clarity around its intentions to reduce the asset purchases cast doubts over the policy normalization process. Today’s mixed inflation data added to the uncertainty, as core CPI rose but less than expected and core-core dropped for ninth straight month. Furthermore, the stock market’s strength goes beyond easy monetary policy. Structural reforms, strong corporate earnings and market friendly government trying to direct saving into investments provide long-term tailwinds. As such, JPNN225 can resume its advance and push for new all-time highs (41,227). The recent consolidation is likely to persist though, amidst competing drivers. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:JPN225
by FXCM
AUD/USD Upside Favored by Monetary Policy DeferentialAUD/USD upside bias is supported by the monetary policy differential and the technicals. The Australian central bank stayed on the sidelines on Tuesday, but once again considered the case for a hike and does not shut the door to such action. The US Fed on the other hand has already pointed to lower rates and markets expect two cuts within the year. The Aussie benefited from RBA’s hawkish hold and after defending again the pivotal 38.2% Fibonacci of the last leg up, it returned above the EMA200 (black line). This reaffirms the bullish tilt and strengthens prospects of new higher highs (0.6714), but does not inspire confidence for tackling 0.6839. On the other hand, AUD/USD has faltered above 0.6700 multiple times, creating scope for a pullback and a retest of the 38.2% Fibonacci and the daily Ichimoku Cloud. This would bring 0.6465 in the spotlight, but strong catalyst would be needed for testing it. Markets may be optimistic about two Fed cuts, but officials see just one and their reluctance to pivot supports the greenback. The RBA keeps the door open to a hike, but there is a high bar for such action, while deteriorating economy could increase pressure for easier stance. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
Long
by FXCM
Copper Finds Support at Key Tech LevelsAfter hitting record highs in May, Copper has pulled back and heads towards a losing month, challenging critical tech levels. It has slipped below the EMA200 (black line), into the daily Ichimoku cloud and tests the 38.2% Fibonacci of the advance fromthe 2022 lows. This exposes it to 4.196, but sustained weakness does not look easy, technically nor fundamentally. Copper already defends the pivotal 38.2% Fibonacci and tries to reclaim the EMA200. Successful effort would reaffirm the bullish bias and create prospects for new all-time highs (5.200). The favorable supply-demand dynamics also point to further upside. The market has tightened significantly as key miners lower their activity this year, while consumption is boosted by the AI boom and the clean energy transition. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:COPPERLong
by FXCM
Hang Seng Tries to Hold Key Support Amidst Mixed Chinese DataThe relief rally of the past four-months fades as HKG33 concluded a four-week losing streak, leading to a challenge of pivotal support levels. The Hong Kong index tests the 38.2% Fibonacci of this year’s low/high advance, creating risk for a deeper correction towards the 61.8% level. China’s post pandemic recovery is bumpy, underscored by distressed property sector, subdued factory activity and weak domestic demand, with CPI hovering around zero for the past year. Today’s data showed a deceleration in industrial production to 5.6% y/y and another drop in house prices. Retail sales grew 3.7% y/y though, offering reasons for optimism. Furthermore, China’s real estate market may be in poor shape, but Beijing has found new growth pillars in electric vehicles, car batteries and solar cells. Adding to hopes for better days ahead, both the IMF and the World Bank recently upgraded their China GDP forecasts. HKG33 finds reprieve today and tries to hold the pivotal 38.2% Fibonacci and the 200 Days EMA (blue line. Successful effort will give it the opportunity to retake 18,736 and the chance to push for higher highs (19,794), but the latter has a higher degree of difficulty. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:HKG33
by FXCM