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Pandemic

Feeling some bullish vibe on USDCHFI know FED is playing big moves ahead so far to prevent the State from the pandemic before it may cause more disruption around the country. The reason is beyond technical analysis for me to think even slightly how this pair might gonna end up trending upward. The big moves which I'm talking about from fed were the double rate cut within a month and some repo market actions. They aren't taking things slightly any more the moment when they decided to drop their benchmark rate around 0%-0.25% and some big Qe plans coming later. I know most of global central banks honchos are too serious about this pandemic at this moment and Fed has already shown us the real action lately which should slowly help to resolve the issue which had generated by that pandemic "coronavirus" within the state and its economy. Lastly don't forget about Swiss National Bank Intervening to Weaken Franc on recent data from the central banks. They just don't like their currency to get overvalued for various reasons. These conditions let me assume this pair may probably make some new swing highs.
Long
by Anatta0
6
Bitcoins Historic Dump | Key 200 Weekly MA| Bear Sentiment Evening Traders! History made on Bitcoin with the most epic dump to date, over 60%, what now? Bitcoin has a key level to hold for a bullish scenario, the 200 Weekly Moving Average, a candle body close below this will send it to sub $3000. Points to consider, - Strong bear sentiment (traditional markets included) - Holding above 200 weekly Moving Average - Structural support respected - RSI broke key support - Stochastics projected downwards - Volume climax president BTC has experienced one of its most volatile movements as the bearish sentiment rails over all markets. Technically it is above the 200 Weekly Moving Average but a close is needed for confirmation, this increases the probability of a temporary bottom in palace. Structural support was respected with a wick, putting evidence on a volume climax as shown by the volume node. The RSI has broken its important trend line, approaching oversold conditions on a larger timeframe is important to note. Stochastics is projected downwards with lots of stored momentum where it can trade for an extended period of time. Overall, in my opinion, there really is not much plausible with TA as the market sentiment is extremely bearish with the Pandemic. Key technical levels where all negated in a single candle in search for liquidity. For the temporary bottom to be in, BTC needs to remain above the 200 Weekly Moving Average, a close below will test lower levels. What are your thoughts? Please leave a like and comment, And remember, “The market can stay irrational longer than you can stay solvent.- John Keynes
BITSTAMP:BTCUSD
by AzizKhanZamani
5
EURUSD Probabilities Of RetracementIt can be a retracement finally after a long swing upward couple of days past due to the US under pressure from Covid-19. This might be changing positively slowly as the representative of the state is focusing on the comeback against the pandemic and they have already run much stimulus program for their economy prevention. Can't say it may be fully reversal but there could be some side effect on the currency after they have taken some control over the outbreak which may temporarily change the market sentiment.
Short
by Anatta0
5
Dxy Insane Opening. Last Stop around.....The Saudi price war was a flashpoint for today's action but it's really all about coronavirus. The news on the weekend worsened with too many cases and outbreaks to count. The conditions for a panic were evident the moment markets opened plunged heavily lower. Japanese market participants invest abroad massively but when uncertainty hits, they bring their money home. No one wants to be the last one to the exit and now the building is on fire and it's a stampede. Oil Price Declines Roil Global Markets, Virus Containment Efforts Escalate, Supply Crunch Ripples Past China, Treasury Yields Fall Further As Investors Expect More Rate Cuts and there are a lot of issue going around the world so basically 94.26 would be a potential area for dxy which is pivot weekly s3 or even the past lowest low around 93.87 (The last destination where price may head and halt if this pandemic eats global market for a certain while).
TVC:DXYShort
by Anatta0
Market Pricing in 100% Chance of Rate Cut in March - 50bpsQuick update here on the state of the market. The FOMC futures for March 18th are currently pricing in a 100% chance of a rate cut, with a 95% chance of a 50 basis point cut. I warned that we would see a strong central bank response, and it appears we are going to get just that. This comes amidst a recent move in Hong Kong to award it's citizens with 'helicopter money' to alleviate the impact of Covid19. "Hong Kong permanent residents aged 18 and above will each receive a cash handout of HK$10,000 (US$1,200) in a HK$120 billion (US$15 billion) relief deal rolled out by the government to ease the burden on individuals and companies, while saving jobs." I will be watching the market very closely, because this could either fizzle out and the sell off continues, or the flood of liquidity could propel markets to new highs. The major catalyst will be news surrounding the spread of Covid19, should we see community level infection in the US, i could easily see the markets begin to buckle under the pressure. www.cato.org www.cmegroup.com
SP:SPX
by Profit_Link
Price of the epidemic, the Fed and BoE decisionsYesterday, investors felt less relaxed and confident than it was on Tuesday. The VIX index stopped pouring, gold even rose by the end of the day, the Russian ruble returned to decline, as did oil. That is, everything is back. Investors can understand: the number of deaths continues to grow rapidly, as does the number of cases. As a result, the current epidemic has already exceeded the 2003 SARS epidemic in scale. But events are still developing. Yes, China is doing everything possible and impossible to stop the epidemic: closing transport links, prolonging holidays, isolating entire cities - all this has a well-defined economic price. ING experts believe that this could cost China a loss of 0.3% of GDP growth in the 1st quarter of 2020. So for now, we are only strengthening our desire to buy safe-haven assets, stock market assets and other risky assets such as the Russian ruble. In addition to reports on the situation with coronavirus, the main event of the day yesterday was the announcement of the decision of the Federal Open Market Operations Committee. As expected, they did not change the bid. Of interesting and important. The Fed has extended repos at least until the end of April this year. That is, the markets will continue to fill in with money, which in itself is an occasion for dollar sales in the foreign exchange market. Today, the Fed will intercept the baton of the Bank of England. Despite the fears of some investors that the Central Bank will reduce the rate at the meeting, we believe that the monetary policy parameters will remain unchanged. Given that the pound has dipped quite well recently, today we will buy it against the dollar. But with mandatory small stops because surprises, although unlikely, are possible. In addition, the US GDP data will be published today. This is the final reading, so no surprises should be expected, but the indicator is important in itself, so you need to follow it up.
Long
by Trade24Fx