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EURUSDHello, receive a cordial greeting. The buying interest around the single currency remains well and sound at the end of the week and pushes EUR/USD back to the area above the 1.1900 zone, or new multi-day highs, in the wake of US NFP. EUR/USD in fresh tops around 1.1900 EUR/USD keeps the bid stance on Friday after the US economy created 235K jobs during last month, coming in short of expectations for a gain of 750K jobs. The July's reading was revised to 1053K (from 943K). Yours sincerely. LED in Spain on 09/3/2021
Long
by wallstreetstocks
Breakout in Euro Stoxx 50 with Target of 4320Trend Analysis The main view of this trade idea is on the 4-Hour Chart. EU Stoxx 50 tested support around the 4080 price level and is currently testing the downward trendline off the 4240 high and the 4210 lower high. Expectations are for a breakout of the downward trendline towards the 4320 price level. This target was derived as there is a symmetrical triangle setup on the 4-hour timeframe. Indicative stop loss is set around the 4065 price level. Technical Indicators The Index recently tested support around the 200 fractal moving average and held. This support level is key to the bullish view of the Euro Stoxx 50. The Index currently crossed above the short (25-MA) and medium (75-MA) term fractal moving averages, which around the same zone of the downward trendline. The RSI is also above the 50 price level and there has been a positive crossover on the KST. These indicators complement the bullish view of the Index. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 4065 price level and a target of 4320. This produces a risk-reward ratio of 1.41. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Euro Stoxx 50 .
OANDA:EU50EURLong
by Ceddy86
ALNOV Novacyt Graham Mullis, Group CEO of Novacyt, commented: “Novacyt is continuing to address COVID-19 testing for both current and future demand. We continue to ensure that innovation is at the centre of our strategy and that our growing portfolio of COVID-19 tests are available to customers in both private and public health settings to expand existing, and support new, partnerships. Throughout the pandemic, NHS testing demand has remained a key priority for the Company and the contract award under the PHE National Microbiology Framework is a testament to our continued commitment. “We believe our long-term strategy also supports the growth of Novacyt post-COVID-19. In particular, our progress and growth potential in the private sector will not only help us maximize the COVID-19 testing opportunity but also ensure we are well placed, with both technologies and partners, for sustainable growth beyond COVID-19. We therefore believe Novacyt is well positioned to continue to build on its business transformation.” This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. About Novacyt Group The Novacyt Group is an international diagnostics business generating an increasing portfolio of in vitro and molecular diagnostic tests. Its core strengths lie in diagnostics product development, commercialisation, contract design and manufacturing. The Company's lead business units comprise of Primerdesign and Lab21 Products, supplying an extensive range of high-quality assays and reagents worldwide. The Group directly serves microbiology, haematology and serology markets as do its global partners, which include major corporates.
EURONEXT:ALNOVLong
by wallstreetstocks
Symmetrical Triangle Setup on EURJPY with a Target @ 128.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The FX Cross EURJPY is in symmetrical triangle setup, where the trend lines are not parallel. Typically the target on the setup is the length of the highest high of the downward trendline and the lowest low of the upward trend line. While the symmetrical triangle is neither bullish nor bearish, given the current positions on the moving averages and the technical indicators, it is expected that the FX Cross will decline towards 128.50 from the time of publishing. A stop loss should be set a little above the resistance trendline at around 130.10. Technical Indicators At the time of publishing EURJPY is currently below its short (25-SMA), medium (75-SMA) and fractal moving averages. Also there has been a negative crossover on the KST, with the RSI trading below 50 and trending lower. Also, on multiple other timeframes, there are sell signals on EURJPY. These indicators support the bearish nature of the setup. Recommendation The recommendation will be to go short at market. Stop loss will be set around the 130.10 price level and a target of 128.50. This produces a risk-reward ratio of 2.28. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EURJPY.
Short
by Ceddy86
Forex & Stock & macro news n°34> Bear utopia: Gamestop (GME) short interest hits lowest level in years, China A50 meltdown *********************** GME, which is down 70% from its high earlier this year, has seen its short interest continue to dwindle as the share price has been ranging for 6 months, likely causing short sellers to look for other opportunities. The short interest being so low compared to usual, and the price looking so heavy it might be about to break, makes it interesting to squeeze these retail lemons for those that don't mind waiting a bit and taking a risk. After the short squeeze the percentage of short went from 150% of float to 40%. Since then it has progressively gone down to the present less than 13% The high volatility makes it important for the proponents of asymmetrical risk reward and "technical analysis" to pay attention to the price action and wait for a decent ABC pullback for a good entry, as close as possible to a logical stop loss. The stock is visibly in complacency and the eternal bagholders are anxious and nervous, easily raging at bears. The stock which has vanished from the media and people minds may be about to break. It's when they least expect it. Bears will also be happy to know that the chinese stock market has crashed, but it may be at the bottom of an ABC, the communists might bailout the market, again. If they do so will they let us known in advance as they sometimes do? I have no idea if it is time to buy or not. The media are not paying much attention to it, fortunatly I am here to warn people. I just don't know what to do with this info and what the repercussions will be. > US divide within the divide, Australia using repression choppers, France revolution *********************** The US divide and "cold civil war" is continuing, with for example universities holding "anti-racism" workshop where students are taught to "accept white inferiority". No comment. Mayors in Florida crossed the Rubicon and are defying the governors orders. New York governor got accused of rape or sexual harassment and Biden asked him to resigned, he responded by threatening to bring everyone down with him, on the official governor website. A US infrastructure bill will make it illegal to question the CDC. Australia has done mass arrests, and is flying helicopters and drones broadcasting the state propaganda and patrolling the country to find and punish people camping all by themselves in remote locations, who knows, they might transmit covid to squirrels? The Australian executive government has been ordered by the judicial branch to make public their covid-19 documents, behind their executive orders (a synonym is dictat), but they have disobeyed and still have not made those public, they plan on appealing the decision. Australia police has the "right" to freely enter into people homes and even remove their kids from them, no court order no nothing, they do as they see fit. China has condemned Australia violations of human rights and the double standard of those that so often have criticized the CCP. France, which is working on creating a Ministry of Truth, yes, really, just like in 1984, has introduced a sanitary pass, and a minister even said with a smile that people who would not vaccinate would technically lose their jobs but without getting unemployment benefits. Several ministers have said "let them have cake" with a vicious smile. The french public is outraged and is protesting on a regular basis with the last official numbers at 250,000 protestors in the middle of holidays, of course the government numbers are below reality. In french islands the crowd even opened fire on police and 9 officers got hit. > West fearful of coming political collapse, taking steps to hold onto power by force *********************** Virtually all of the population are wageslaves and the state has enormous economic control over them, to solidify their control, the EU is banning cash payments over 10,000 euros. But this is not enough for the crumbling ruling class, and so both the US and France are currenctly testing police robots. Reminds me of hedge funds consultations a few years ago, they were all buying bunkers and asking experts how to keep control on their security guards "use obedience collars?". France has made laws making it illegal to film police, and has normalized the use of drones already. This enables to little minority to hold onto power, it has many advantages for them such as blindly following orders including opening fire on the populace, and there is no risk it will show human sympathy for the unwashed masses. They are calling the robots "cute dogs" to not scare the population, it is childish and incredibly stupid but as always the dumbest members of society will fall for it. This dystopian nightmare is nothing new, back in the Bronze Age small "elites" subjugated the population by using bronze armor and weapons. They are very expensive and offer a huge fighting advantage, the population could not afford them and had no solution. All the ancient kingdoms disappeared in the iron age as weapons became cheaper. There are other solutions. For example the slavs were getting raped and enslaved by huns in the 6th century, but a french trader decided to sell weapons to them (and only to their side) and even helped them organise, they broke free and the trader became the first slav king. Another solution is invading armies. The population side with the conquering army. Persian chad Darius built the largest empire ever that contained 50% of earth population, he asked his politicians or bureaucrats "I lowered the taxes, are they fair now?", they answered "yes" and so Darius said "Good. Divide them in 2.". The nobles of Babylon, Egypt etc had inhuman taxes, to give you an idea of how bad it was the taxes back then were nearly as high as today, and some farmers had to sell themselves into slavery to pay their taxes. Putin said that the west not only became absurd (Marcus Tullius Cicero said: The closer the collapse of the Empire the crazier its laws.), but reminded the ruling class that the USSR too thought they could be unfair and ignore discontent because they were "so big and powerful". France ruling class might have gotten the message because they have started to acknowledge the protests and even stopped calling them "antivaxx". They act tough but they are terrified. For example when a bunch of retired generals wrote an open letter saying "the military might have to act" (to defend ghettos from terrorists) the french government panicked and read "we might have to act by arresting the government and declaring martial law", there are many "hints" people can see that reveal what people really think. > Conspiracy theory: The US plan on keeping rates low to continue to steal the populace *********************** Not only does this not seem far fetched but it is logical and seems obvious. The FED is now openly working for the US government, you'd have to have the wrong number of chromosomes to disagree as they literally openly say they cooperate with the treasury... I don't know what more people want but some are stupid enough to still call that a conspiracy theory. Anyway the speculative part is that the FED, which now works for the government, does not want to increase rates, as the broke government has massive debt and keeps increasing its spending, now at an alarming rate. Official US documents from branches of the government have been repeating for more than 2 decades that the situation was not sustainable, so I'm pretty sure they are aware of it. Like Romania and others, the only way for the ruling class to continue this pyramid scheme is to force new people in it, and luckily for them the population has no clue how it all works, so they will just use low rates to steal money from them. They reduce their debt via inflation (average suckers pay). They borrow more at low (de facto negative) rates. They pay back what they owe with no interest. Simple. The clueless "normies" that laugh at you are the ones that get bled dry by this, love karma. They will whine about inequality and after 30 years it will reach their brain that prices and profits went up but their wages did not. The middle class, and even the rich but not ultra rich, pays for the government games through their wages, their savings, their retirements, their dwindling standard of life. Millenials will be the first generation to be worse off than their parents. The poor profit from government spending but make no mistake eventually they will pay, it's just more of a "later" or "one time" thing. They have no money so they will pay in blood. Riots in poor hoods, no access to food, goodbye healthcare (already started), and so on. I think urban dwellers will suffer too, it's likely there is a mass die-off. Very easy to block the roads with trucks or tanks. They're so concentrated and not behind castle walls with long lasting supplies. Strategically (or tactically) their position is known as "suicide". Interestingly french truckers have called for strikes (no more food deliveries) and for a blocus of cities with their massive trucks. Urbans think africans are too stupid to survive, actually they have more than enough food, the starving happens in areas with civil war (everywhere lol) and is strategical; they will soon learn this harsh lesson. Government has been warned of exceptionally fragile supply bottlenecks but as usual they couldn't care less, all that matters is the stuff visible to plebes that gets them re-elected. > Many small and a few big but not biggest central banks increase their interest rates *********************** The US and Europe are not moving theirs. But plenty of countries that are significant "exotics" and "small" ones are. Brazil increased their rate by 100 bps. Russia which now holds 0 usdollars also raised theirs. And Countries we don't really trade including Moldova (100 bps up to 3.25%), Armenia, Georgia, South Korea. The west are just turning into massive pyramid schemes and slowly collapsing. The share of world GDP of the west already is crossing below 50%. The dominance is ending. Other interesting news is that the PBoC are increasing their "green finance" with low cost funding, and are now more convinced than ever to crackdown on crypto. Might be interesting to hold some currencies if rates keep going up without too much inflation (just they maybe weaken against the US ponzi scheme). Just avoid Iran, a Bahrain court convicted them of money laundering. Once the US falls as they did in Afghanistan then maybe Iran will be a smart choice. Will be pretty cool to have the ability of building a diversified portfolio finally. > G30 call for a reform of US treasury, ECB alerts on credit risk and economic fragility *********************** I don't want to go too much into details because it is boring banking stuff. It's not fun like a revolution or a collapse. But quickly: The G30 suggested the US treasury gets reformed, as bouts of dysfunction become increasingly common, and have urged the US to "increase, diversify and stabilise" market-making. To sum up they found that it did not serve its safe-haven purpose (wasn't their "go to" when they wanted quick cash), huh well it's still the "go-to safe haven" of the plebes. Even the bankers dodge the USD, meanwhile it keeps going up because noobs keep irrationally buying it. The group of bankers in particular mentionned the ability to function in time of stress, sort of repeating their "go to safe haven" point. They REALLY want to protect THEIR money. The G30 is made up of current and former heads of the central banks of 17 countries, as well as 2 chairmen from the FED, 2 from the ECB, and a few from international institutions (Basel com., IMF, BIS, World Bank). And the former president of Mexico. Don't ask me why. The ECB for their part are also worried about stress. They did a stress test and found there was banking fragility. I think overall they are satisfied but found vulnerabilities in particular in credit risk, in other words another debt default chain reaction and them, the bankers, not getting their money back.
by MrRenev
2
EURUSD Channelling Lower Towards 1.17Trend Analysis The main view of this trade idea is on the 2-Hour chart. The Forex Cross EURUSD is in a rather choppy downward trend channel, making lower highs and lower lows, after hitting resistance around the 1.195 price level. At the time of publishing, EURUSD is trading at the middle of the channel. Technical Indicators EURUSD is currently below its short (25-SMA), medium (75-SMA) and fractal moving averages, an indication that it is in a bearish trend. Also the KST recently had a negative crossover, further confirmation of the bearish move. The RSI is trading below 50. Recommendation The recommendation will be to go short at market. EURUSD is expected to decline towards 1.17, 0.56% away from current levels. Stop loss on this position is set around the 1.184 level, above the resistance trend line of the downward trend channel. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in EURUSD.
Short
by Ceddy86
IBEX 35 about to be super bullishMonthly timeframe draws a macro descending resistance going back to 2007. This line has meant a significant bounce each time price touched it. This time the resistance is coliving with monthly ema 200 which brings me to expect another bounce although this time it might not be significant. Price is moving upwards inside an ascending paralel channel for few weeks now and the TVC:IBEX35 has been showing strength when touching the downside. On a daily basis, a bounce at 8.950-9.000 down to weekly ema 200 and the downside of the channel at 8.750 on a quick visit to this level would be the natural price retracement enough to take air, reload, and then finally trespass the 9.000 level among with the ema9 and 200 cross on the weekly. An alternative would be to succeed at first attempt and then retest 9.000 as support, I do see this level as a significant barrier so I expect the price to retest it either way. Let's see if the market is ready enough move to continue upwards! PS: This is general market information for educational and entertainment purposes only, and does not constitute investment advice.
TVC:IBEX35Long
by agt_cat