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Eurusd expected move read the caption Eurusd relatively volatile after the latest flash manufacturing and services PMI numbers from the US and Europe. It initially jumped to a high of 1.08980 and then pulled back as traders wait for the upcoming ECB decision and US economic data. The latest numbers by S&P Global showed that European manufacturing sector continued to contract in January as companies complained about inflation and supply chain issues. In Europe, the manufacturing PMI rose to 46.5, better than the expected 44.7. Despite the improvement, it remained below 51, meaning that the contraction phase continued.
Long
by Mrsam36
Gbpusd confirm buy pattern read the caption Gbpusd pulled back slightly after the flash UK and US manufacturing and services PMI numbers. The pair retreated to a low of 1.2729, a few points below Wednesday's high of 1.2777. S&P Global published strong economic numbers from the United States and the UK, signaling that the two countries started the year well. In the UK, the manufacturing PMI rose from 46.3 in December to 47.2 in January, higher than the median estimate of 46.7. Similarly, the services PMI jumped from 53.5 to 53.7 in January while the composite PMI rose to 52.4. These numbers came a few days after the Office of National Statistics released higher inflation but weak retail sales data.
Long
by Mrsam36
Usoil follow the trendline read the caption It has been an unpleasant month for oil traders. Crude oil has risen $3 this month but it's been a rough road getting there with repeated whipsaws intraday and extreme choppiness in trading. Headlines about the Red Sea have been faded over and over again despite bullish implications and fears of an OPEC breakdown remain high. However when you back it out, the chart starts to look promising. A series of higher lows began on December 14 and oil is now trading at a five-week high. If $76.16 breaks, it will be an six-week high.
TVC:USOILLong
by Mrsam36
Gold struggle to selling read the caption Gold has bullish it's a good opportunity as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
OANDA:XAUUSDShort
by Mrsam36
Dow Jones ready to fly read the caption US stocks climbed broadly higher on Monday, etching in fresh all-time highs as last week’s late break into record prices carried over into the new trading week, with tech stocks leading the way higher and sending the Dow Jones Industrial Average (DJIA) over the $38,500.00 valuation for the first time ever. Dow Jones ready to bullish trend The Standard & Poor’s (S&P) 500 major equity index continues its march towards $5,000.00, ending Monday at $4,800.43 after hitting a new record high of $4,880.05 as investors continue to pile into stock bets.
BLACKBULL:US30Long
by Mrsam36
EURUSD follow the bearish trend read the caption EURUSD 1 hour On the 1 hour chart, we can see more closely the recent price action at the support zone and we can see that in the APAC session the price don't broke through the trendline, which might be a good omen for the sellers. In fact, if the price were to break further through the support, then the breakout would be confirmed, and the seller will likely pile in more aggressively to extend the rally into the 1.10 level. On the other hand, if the price were to erase the entire rally and break below the counter-trendline, then a fakeout would be confirmed and that’s generally a reversal pattern.
Long
by Mrsam36