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Brexit All you Need to Know about the UK Leaving the EU 🍃📌 Brexit: What happens now? The UK left the EU on 31 January 2020 and is now in an 11-month transition period. During this period the UK effectively remains in the EU's customs union and single market and continues to obey EU rules. However, it is no longer part of the political institutions. So, for example, there are no longer any British MEPs in the European Parliament. 📍 MP's back Boris Johnson's plan 📍 What is Boris Johnson's deal with the EU? Future trade deal Negotiations on a trade deal with the EU have been proceeding for several months. The UK wants as much access as possible for its goods and services to the EU. But the government has made clear that the UK must leave the customs union and single market and end the overall jurisdiction of the European Court of Justice. Both sides say there a still significant areas of disagreement - for example, on EU proposals for a so-called "level playing field", which would see the UK and EU maintain similar minimum standards on things like workers' rights and environmental protection. 📌 Brexit: What is a level playing field? The deadline for the two sides to agree an extension to the transition period has now passed. If no trade deal has been agreed and ratified by the end of the year, then the UK faces the prospect of tariffs on exports to the EU. The prime minister has argued that as the UK is completely aligned to EU rules, the negotiation should be straightforward. But critics have pointed out that the UK wishes to have the freedom to diverge from EU rules so it can do deals with other countries - and that makes negotiations more difficult. It's not just a trade deal that needs to be sorted out. The UK must agree how it is going to co-operate with the EU on security and law enforcement. The UK is set to leave the European Arrest Warrant scheme and will have to agree a replacement. It must also agree deals in a number of other areas where co-operation is needed. It's also important to recognize that major changes will take effect on 1 January 2021 whether or not a trade deal is agreed. Free movement of people will end and businesses trading with the EU will have to follow new rules. 📌 What are the big issues at stake here? Top of the list is a trade deal to ensure the tariff and quota-free flow of goods between the EU and UK. But the EU will only agree to zero tariffs and zero quotas if the UK pledges zero dumping – that is, not lowering social and environmental standards to outcompete the EU. Negotiators will almost certainly clash over the EU’s refusal to bring services into the trade deal, leaving the City of London reliant on a patchwork of market access agreements that can be withdrawn at any moment. Another early fight will be over fish, as the EU seeks to link goods trade to maintaining the status quo on access to British waters, a demand seen as outrageous in London. The non-trade topics sound easier, but are full of political landmines. For instance, agreeing a replacement for the European arrest warrant will require Germany to change its constitution. The UK will struggle to achieve the historic first of securing outside access to some EU crime-fighting databases. 📌 What will happen to the economy? It depends who you ask. In the short term, much of the risk seems to have been priced in, at least on currency markets, where sterling still languishes compared to where it was in June 2016. The stock market is well ahead. 📍 Sterling is still down on its pre-Brexit vote position 📍 Shares have rallied recently, partly fueled by greater Brexit certainty 📍 Investment in UK business has fallen behind other G7 countries Share your Views and comments ideas below to make things more better. Thank you
Education
by Ridethemacro
GBPJPY - WEEKLY OUTLOOKTechnical: Daily structure Higher High's & Higher Lows 4hr Descending Channel Weekly Fib 4hr Fib 4hr 800ema 1hr minor ascending trendline Weekly support in red Daily resistance in grey 4hr support in purple 4hr resistance in purple Buy Entry: Target - Daily resistance & 23.6% 4hr Fib Break of descending channel Break of 4hr resistance Further Buys: Target 61.8% 4hr Fib for usual pullback Break of 4hr 23.6% Fib Break of daily resistance Break of 800ema 4hr Break of weekly 38.2% Fib Sell Entry: Target weekly support at the 23.6% weekly fib Break of ascending trendline Confirmation of descending channel Break of 4hr support Break of previous lows at the 0% Fib
by RealistFX
Nasdaq, SPX500, FTSE100, XAU/XAG Ratio#Nasdaq setting up for more downside. #SPX500 could have completed the C leg as its move is equal measured. Although, big picture S&P500 could well correct to the fib 50 of the last wedge down at $2,892 #FTSE has had an extended B leg so I am expecting an extended run up to £6,708 the 618 fibonacci retrace or £6,867 the fibonacci extension. That's what I am expecting next in the #UK100 #Gold is locked in a sideways channel having not even tested the 236 fib or the 21 week EMA which I'm expecting, especially when you consider my last chart the Gold/silver ratio which I am expecting to go all the way to 30 to complete an 10 year double bottom. This would mean a three figure silver price and when you consider silver is $24, I am boldly saying DO NOT BE IN #GOLD, BE IN #SILVER! THIS IS A CLASSICAL TECHNICAL ANALYSIS. A VERY SOUGHT AFTER SKILL #trading #bitcoin #forex #btc #ethereum #technicalanalysis #defi #forex #currency #eth #fx #stockmarket #stocks #coinbase #cryptocurrency #blockchain #markets #crypto #gold #silver #preciousmetals
FOREXCOM:SPX500
by DanBee78
The S&P 500 Index, No More PoliticsWe looked at the S&P 500 Index (SPX) and also took into consideration its potential effect on politics and vice versa... (see related ideas below this post) Our support has been taken out and the day started red... Let's have a look at the SPX chart and see what it has to say. Chart Analysis | SPX Daily (D) @AlanMasters We now have full bearish indicators for the SPX. The MACD easily moved below zero and gaining bearish momentum. The RSI is now below 40 looking weak and with room for more low. Prices closed below EMA50 easily and the lower trendline is being tested as support. According to all the chart signals, the SPX is bearish and continue to drop. We also looked at the Dow Jones (DJI) And FTSE100 (UKX) Namaste.
SP:SPX
by AlanSantana
19
FTSE100 (UKX) Bearish & LowerThe FTSE100 (UKX) looks strongly bearish while aiming lower. We have multiple signals that support the above... 1) Prices moving below EMA10/21. 2) MACD trading below the zero line and looking weak. 3) The RSI is trending lower yet still good. 4) Bad news for UK with a new lockdown likely taking place. 5) Less political manipulation of the market allows easier for RED to be printed. The UKX is very likely to continue lower. Conditions for change If prices move and close weekly above 6068.1, the above signals are invalidated. Any trading below EMA21 and we remain strongly bearish. Remember to hit LIKE! Namaste.
TVC:UKXShort
by AlanSantana
Long FTSE100Hi all, FTSE100 seems to be struggling to recover from the brutal February stock crash, added to the recent BREXIT issues, all fundamentals do not support a bullish outlook. But technically we could be getting ready to trade higher, we gotta be optimistic at this point. A good deal from the BREXIT talks could fuel the buys. For now investors are mostly observing and making small bet, we seem to be holding steady above the 6000 big figure. We still got reasons to buy at this point, that would be a solid discount. For the fundamentals as worse as it is, UK seems to be making trade deals with other good economies, Japan for instance. I wouldn't make a big sell bet right now, that's why for this week, we looking to go long on UK FTSE 100 Index A ideal entry will be 5915, with invalidation points being around 5750, targets could well be above 6100 to 6250. Just a personal outlook, take at your own risk. HAPPY TRADING
OANDA:UK100GBPLong
by easymoneyspx
Bitcoin Is Doing Worse Than Major Equity Indexes The Past MonthRupert Douglas, head of institutional sales for crypto brokerage Koine, isn’t ruling out a further drop. “It’s tough right now to say how far BTC retraces,” he told CoinDesk. “My concern is around equities, where I believe tech is in a bubble not dissimilar to 2000,” he added. The equities markets are mixed Tuesday, with some hopeful numbers out of Asia while the European and U.S. markets are tanking.
COINBASE:BTCUSDShort
by danielcawrey
3
#FTSE100 (UK100) Reached first profit targetTraders, as per our weekend multi timeframe analysis, FTSE100 has reached its first profit targer. More can come if this market picks up momentum. FTSE100 (UK100) reached the first profit target of the pattern. I did not take this long but it was a very accurate trade. Congratulations to those who took it. 👍😄 Here is the video stream where we discussed this: www.tradingview.com If you found this idea useful, hit the like button and subscribe. If you have your own ideas to share on this market or have a question, comment below so that we can discuss. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
OANDA:UK100GBPLong
by vikinsa
ridethepig | Selling the Footsie📌 Exchanging A quick chart update here for today's flow which is essentially intended to cast some light over No-deal Brexit motives. In all cases, losing market access is a bad idea in the short-term and particularly when done frantically. The apparently desirable opportunity to cause maximum damage from Downing Street with NDB is playing an important role in hijacking the flows into UK assets. Recommend avoiding a waste of energy and time attempting to defend portfolios with UK exposure and subsequently focusing elsewhere. Just think back to our coverage of the Pound when buyers were eaten up. This time sellers of UK exposure wish to occupy the downside in Equities to deliver complete annihilation of the economy. With 6,000 holding sellers have time to prevent the recovery and can move lower into Wednesday. The correct path of least resistance is to the downside, a break below 5,775 will leave buyers no choice but to capitulate. Thanks all for keeping the feedback coming 👍 or 👎
OANDA:UK100GBPShort
by ridethepig
1
ridethepig | Positional Play in UK Equities 📌 UK Equities remain vulnerable with Brexit & Covid in play. (Similar representation for those tracking the moves in S&P, NQ, DJIA and etc...) (1) Firstly challenge the view that Rishi's stimulus produces an immediate effect and anything more than a spring mattress; the furlough scheme is incredibly expensive and weighing heavy despite being totally justified. (2) Recognise the idea that we are in a dead-cat-bounce in Equities broadly and that the UK is particularly exposed to these corrections which is key in positional swings! With this said, I struggle to find positives in the UK and in doing so prevents exposure on the bid. In order to bring interest in UK Equities I would need to see the current lows swept and in the event of a no-deal Brexit then we can see as low as 3579.x. (3) Keep to the strategy - avoid getting soft hands and closing out too early (out of fear of missing the rally) and try rather to operate with a sense of calm and tranquility. (4) Aim for total destruction of UK assets in the coming year, sadly the individual mobility of almost every sector will be affected from the political suicide. (5) Get used to observing the complacency and "sell on rallies"; do not let an emotional retail approach be decisive. (6) Remember what is important for Positional swings ... we are not attacking, or even defending, but remaining nimble with the capital outflows, rather like meandering water. Thanks as usual for keeping the feedback coming 👍 or 👎
OANDA:UK100GBPShort
by ridethepig
3
UK100 6024.3 - 0.3 % LONG IDEA * STRUCTURE & REVERSAL Hey Every-one Here's an idea on the FTSE 100 looking at it from the 4H chart which is trading in a descending triangle structure on a couple of time-frames but more focus on the 4H. The index just tested the bottom of structure or rather support looking for a push up with the bulls to respect the descending triangle structure before we see any break-out of any sort. let's see how it goes.. HAPPY TRADING EVERYONE _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES TP 1 - 6070.5 TP 2 - 6111.0 SL - 5985.5 RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
ULong
by PULEMokhothu