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Possible EUR/AUD Short position !!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY SMP Strategy Chart time frame - H4 Timeframe - 1-3 Days A – Activating Event Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market will move towards the first Target 1 level @ 1.621 C - Fundamentals that may affect the pair AUD Unemployment Rate on the 17th Oct @ 10:30 AEST D - Trade Management Entered @ ..... Stop Loss @ ..... Trailing Stop Loss@..... Target 1 @ 1.621 Target 2 @ .... Risk/Reward @ 2.5.1 Happy trading :) Follow your Trading plan, Remain disciplined and Keep learning !! Please Follow, Like,Comment & Follow :) This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
DAX: Testing the possibility of a reversal?By Andria Pichidi -October 7, 2019 The growth outlook continues to deteriorate. While German officials await confirmation that the economy is not just experiencing a short correction that will leave capacity utilisation still at relatively high levels, markets are positioning for a prolonged and serious decline in German and Eurozone growth. Today’s data strengthen the market’s positions, after weaker than expected German orders data at the start of the session and the German Sentix investor confidence, which came out at the lowest level since 2009, added to signs that global trade tensions and Brexit jitters will push the German economy into deep recession. The German manufacturing orders declined -0.6% m/m in August, more than anticipated,while the German Sentix investor confidence fell back to -19.4 in the October reading, from -12.8 in September. The dip to the lowest level since 2009 highlights mounting risk of a deep recession, rather than the technical correction that the Bundesbank and the government are still factoring in. The overall Eurozone reading fell back to -16.8, which adds to signs that the weakness that started in the German manufacturing sector is spreading to other sectors and countries. Following the data and as the trade optimism fades, the European stock markets were lower in the European open, with GER30 down by 0.5% from Friday’s close. Even though it holds above Thursday’s low, the heavy losses seen last week have not been recovered yet, keeping the overall outlook negative. As the data continue to back the recession narrative, the only event that could support GER30 is the ECB’s asset purchases resumption. Although in terms of bias, the asset holds for a 3rd consecutive day to the upside, holding above the 200- and 50-day SMA, at the same time it remains below the 38.2% reversals from the 12,495 high. While intraday, the asset posted few upsides today, the momentum remains neutral, as MACD and RSI hold close to neutral zone, suggesting consolidation in the near term. On the flipside, the overall volatility presents signs of an abating of the DAX, as the asset remains close to the lower Bollinger Bands pattern, with BB extending lower, MACD readying to turn below zero and RSI at 44, both presenting negative bias. Having this in mind, the recent recovery looks like a correction to the overextended decline seen last week, outside of the BB range. Only a big move above 12,200 could turn the focus back to the mid-12,000 area. Against that background, ECB speakers this week will likely continue to reflect a diverging range of opinions, although chief economist Lane in particular will defend the move, while repeating the increasingly urgent call for fiscal support as economic growth slows. Click here to access the Economic Calendar Andria Pichidi Market Analyst Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
XETR:DAXShort
by HotForex
Apple Receives $14B Tax Order From EURecently, Apple received an order from the European Union to pay 13 billion euros ($14 billion) in back taxes. And then, the tech giant launched a legal challenge against the 2016 ruling. Moreover, the U.S. company cited that the executing European Commission is using its authority to fight state aid to retrofit changes to national law. In effect, trying to alter the international tax system, and it is starting to create legal uncertainty for businesses. The six-strong delegation to the court, led by Chief Financial Officer Luca Maestri, will have five judges. And they will hear the arguments of both sides, as well as Ireland, Poland, Luxembourg, and the EFTA Surveillance Authority, over two days. Daniel Beard, a lawyer of Apple, stated that the Commission wanted the iPhone maker firm to attribute all of its profits from all its sales outside America. And put it in the two branches in Ireland. “The activities of these two branches in Ireland simply could not be responsible for generating almost all of Apple’s profits outside the Americas,” he said. Apple Vs. EU Furthermore, the Commission cited in its decision about the 0.005% tax rate paid by the main Irish unit of Apple in 2014. However, Beard quickly dismissed the criticism by saying the regulator was just probing for headlines by quoting tiny numbers. As of now, the tech giant pays a global tax rate of 26%. And it is the largest taxpayer around the world. Its payment hits 20 billion euros in U.S. taxes on the same profits that the Commission said should have been taxed in Ireland. Aside from that, Apple expects revenue to hit $61 to 64 billion in its current financial quarter. And for its gross margin, it is anticipating for 37.55 to 38.5% On the other hand, Ireland is also challenging the Commission’s decision.
NASDAQ:AAPL
by Financebroker
“EuroStoxx: going up as expected" by ThinkingAntsOk4H Vision Explanation: - Price broke the Descending Trendline and started its up move. - Price reached our first target at the Resistance Zone . - Price has potential to move up towards our main target at the Major Resistance Zone . - However, the Bearish Divergence could be indicating a pullback to the Support Zone before going up. Take a look at our Weekly and Daily Analysis! Weekly Vision: Daily Vision: Updates coming soon!
OANDA:EU50EURLong
by ThinkingAntsOk
FX Day Trading | GBPUSD BUY PositionAhead of the Parlement decision and debate today, the market has recovered to the level 1.2261 where I believe the uptrend will be extended till the final vote outcome been released, much such as in the event where no confident motion was voted for against the previous government, at the time where Theresa May have been a PM. except for this time, the motion isn't a no-confidence motion and it is more of stoping a no-deal scenario whereas in case the motion passed by majority may signal a possible general election as been said by the former PM Boris johnson.
Long
by Lahcenel