ORBEX: GBPUSD, USDCAD: Surprise on the US-Sino and Brexix FrontsIn today's #marketinsights video recording I analyse #GBPUSDand #USDCAD FX Majors!
GBPUSD records best day in months
- Johnson-Varadkar see "pathway to deal" by end of October
- Despite GDP and MAnufacturing data disappointed
USDCAD down on tradewr optimism
- Trump changed mind and now is open to a partial deal
- Willing to and will meet He on Friday to resume talks
- Cad stronger as oil supported by positive headlines (China is big oil importer)
Looking forward to Canada's employment report!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Tradewar
SPY Ascending TriangleMy chart from a few days ago on the 4 hour is still in play. I'm sticking to my positions. Please, if you are unsure, do not take my word for it. Do your own research before making ANY investment decision.
YouTube: Dumb Money Trader
twitter.com/dumbmoneytrader
facebook.com/dumbmoneytrader (I don't boot people for opinions or satire... political or otherwise)
www.dumbmoneytrader.com
Why partial trade agreement won't help China in a long/termSince the trade war started, investors were anxious to see an agreement between USA and China. But there is one huge problem, if we analyze SHCOMP behavior since 2015.mid, it will become quite obvious that China has overdebt problems. Earleir this year Chienesee Central Bank had to bail out at least 3 major banks.. Since 2018 major newspapers were publishing articles about upcoming recession in china. In order to prevent this from happening, they began injecting billions of dollars in its economy. However, the results were minimum, meaning that collapse is not so far. Eventually chinese debt bubble will burst and it will affect nmot only the asia/pacific region but the world's economy.
All i say is that in a short term this tradeagreement may help chinese markets but there are problems to be solved on internal level..
ORBEX: GBPCHF, AUDJPY - Tradetalk & Brexit Signals Mixed! In today's #marketinsights video recording I analyse #gbpchf and #audjpy minors!
Both pairs are showing an identical pattern and are indeed influenced by:
AUDJPY
- Tradewar tensions but latest from positive developments on the back of a potential partial deal Chinese are willing to do
- Positive Home Loans in AU and negative BoJ Corporate Goods Price Index figures
GBPCHF
- Blury Brexit developments with the risk of an election following an extension increasing
- UK-EU talks not looking good despite EU announcing otherwise
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Nothing has changed! All eyes on trade meetings.Let me clear some things up: I am not a day trader. So, my charts are what I see from a swing trading perspective. I look for opportunities that might not play out today, tomorrow, or even next week. Rather, I look for opportunities that I think might play out anywhere from today to a month (or a little more) from now. Not long term, but short to mid-term... I'm a swing trader. Please keep that in mind when you view my charts.
As always, I appreciate each and every comment and follower! Good luck to all, and may we ALL profit!!
YouTube: Dumb Money Trader
www.dumbmoneytrader.com
www.twitter.com
www.facebook.com
On current market fears, Brexit failure and oil purchasesThis week, markets have completely focused on the negotiation process between the US and China. We will closely monitor as well as the dynamics of safe-haven assets, which fully correlates with a market statement regarding the outcome of the negotiations.
It is already obvious that the success of negotiations would affect gold - a decline in the are of 1420 +/- seems very likely. But the failure in the negotiations process with a high probability will end with a re-test of the highs of the beginning of September, that is, 1550.
It is difficult to say which variant is more likely. Yesterday, the markets supported the second one. This was evidenced by the dynamics of safe-haven assets, the VIX Fear Index and the general news background - the parties took quite similar positions and whether they can get a compromise is not yet clear. This refers to the news that the US blacklisted 8 Chinese companies, and China in response promised to take the same measures. In general, not the best background for successful negotiations.
Total: the situation is developing, but it is extremely favourable for trade in gold and the Japanese yen. Patience and approach from good points practically guarantee earnings. As for the direction, we tend to buy both gold and the Japanese yen. But once again we note: purchases are relevant in the absence of fundamental contraindications. If there is news of a breakthrough in negotiations appears, purchases should be postponed at least until the details are clarified.
In addition to the United States and China, the EU and the United Kingdom exchange mutual claims. The negotiation process is also far from a successful end and there is a chance that it would lead to paralysis. Johnson is infuriating the EU. And his last call Merkel, for many created the feeling that there would be no deal. But we continue to believe in common sense and the victory of global economic interests over local personal ambitions. Also, Johnson's failure to make a deal does not mean an automatic exit without a deal. Recall, Parliament obligated him to ask for a postponement if the deal was not agreed before October 17. So the purchase of the pound after yesterday did not become hopeless. Rather the magnitude of risks per position decreased, while profits increased.
In the oil market, WTI prices meanwhile have come to basic support around 51.20. Although we are medium-term oil bears, buying with current prices seems like a good deal. The stops - below 51, but the profit set up in the area of 56 (if the correction begins, then this will be its minimum goal). But again, we’ll warn you f breakdown of negotiations between the US and China could hit oil value - in this case, support 51.20 will not stand. So we are acting with an eye on the news background.
ORBEX: Gold, Oil: Affected by Trump, BoJo, Powell!In today's #marketinsights video recording I analyse #wti #oil and #gold
Gold and Oil affected by (what moves gold up, weakens oil):
- Tradewar tensions after Trump imposed visa restrictions to Chinese officials
- A worsening growth outlook for global economies
- Potential early election in the UK as hopes of Oct resolution fade away
- Fed's short-term bond purchase expansion to credit banks (not QE)
Oil also affected by:
- Poor API but was offset by Equador disruptions
- Tradewar anxiety ahead f Thursday talk resumption
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
US and China getting ready for negotiations, Brexit stuckU.S.-China trade talks kick off again this week. Negotiations between the United States and China are set to begin on Thursday. China is not going to reform industrial policies or government subsidies, that is, wanted to continue to ensure the competitiveness of its products by any means, including not very honest ones.
Trump said that any agreed deal would be a 100% victory for the United States. Despite the fact that the US negotiating position is deteriorating every day (the US economy is signalling a slowdown, which is the result of the trade war, which means that the United States are interested in the deal), and the impeachment procedure does not contribute Trump to growth of his bravado and aggression in the negotiations.
So the outcome of the negotiations does not seem predictable.
As for the state of the world economy and the US economy, in particular, it is worth noting information about the upcoming personnel retrenchment in HSBC (up to 10,000 jobs), as well as the news that General Electric will freeze pensions for 20,000 workers. All these are extremely unpleasant signals. Recall, dollar sales remain our basic trading idea. At least this week.
Our recommendation is to buy gold and the Japanese yen, despite their yesterday's decline, remain relevant. Today's entry points are close to ideal ones. Entering positions is necessary consciously, taking into account the fundamental background at that time, and also do not forget about the stops. These positions are good and prospective, but the fundamental background to relax. Any news on negotiations between the US and China will provoke a sale of gold - keep in mind.
Another promising position, in our opinion, is the purchase of the British pound. A version of the agreement from Johnson was rejected by the EU and essentially sent for rework. On the one hand, the very fact of substantive negotiations suggests that the parties intend to conclude a deal. And on the other, Johnson is unpredictable. However, we believe in common sense, as well as the British Parliament, and advise to take advantage of the current uncertainty for purchases of the still cheap pound. Until October 31 (the deadline for Britain to exit the EU) there is not much time left.
Short USD Long Yen Is the Hot New FX Bet During Trade WarFundamentals point towards a bullish Yen and with recent Non-Farm numbers showing up lower than expected, we should see a rally in the Yen and a decline in USD pairs. It may not happen suddenly and take time before we see this happens, perhaps towards the end of the month, but if my technicals give me a signal before the news hits, then I am in. Anything can happen so I am also prepared to long this pair if underlying circumstances presents themselves.
XAUUSDEven though the markets show a high level of uncertainty, the charts still show that technicals are still very good drivers to indicate where price is turning to next. After the 2019 rally of gold, bears get their selling opportunity. Price is trading toward the downside to find support somewhere around 1434.26 or possibly, 1132.82
Temporary short until price can conform back to bull-ish momentum.
Despite horrible economic data that serves as great catalyst to go long, gold still continues to make lower highs off the daily time frame. It's safe to say I will stick to a technical bias for the time being, until gold has proven to reject a serious level of support.
Short Vision on FTSE China A50 by ThinkingAntsOk4H CHART EXPLANATION:
At this moment price is facing the Support Zone at 13400. We expect a little consolidation here to continue the downside movement. The short term target of the move is the Bottom of the Triangle Pattern. Long term targets are explained below on the Daily Chart.
DAILY CHART:
GOLD SHORT SETUPLooking at Gold for a probable short trade Opportunity
On weekly timeframe Price was rejected from a Supply zone aligned perfectly with the 3rd touch of an Ascending channel
on the daily time frame price formed a Head and shoulder pattern signaling a Trend reversal dropping on the 4 Hour timeframw we have Double top at the Top of the structure(HEAD) and currently looking for a Bear flag confirmation retracing the neckline for the downward momentum to be confirmed
SPY is throwing a tantrum... it'll get over it!Check out my blog at www.DumbMoneyTrader.com - I just started it, and it will get better for sure!
Just started a YouTube channel as well, and it too will get MUCH better! YouTube me at Dumb Money Trader
I would appreciate all the support I can get on both my blog and my YouTube channel. You guys are AWESOME!!
NIO: High Volume, Low OutcomeNIO Inc, the electric vehicle manufacturer in China, is having a rough time. It's been a little less than a year since the NYSE debut, and the stock has now lost more than 80% of its market value. The crackdown on US-listed Chinese companies has only hurt the company further, with one of the largest single-day losses in the company's history.
Where do we go from here?
BTC | Correlation doesn't assume causationIt sure doesn't. But in BTC's case, it seems as though the two go hand in hand. And despite the rhetoric of BTC being a hedge against risk on assets, since 2011, BTC has a correlation coefficient of about r=0.78 compared to that with gold of about r= -0.14.
Go figure.
And then again, when all shit breaks loose, all asset classes converge to 1. But BTC has never experienced a macro econ recession. If it does, will it also be gaining? As CNBC's Thomas Lee once stated BTC is ambidextrous, we all hope so.
And although BTC is volatile as f*ck, compared to the S&P, BTC's Sharpe Ratio once again steals the show:
BTC YTD Sharpe: 42.9
S&P YTD Sharpe: 20.8
So what's is going to take for BTC to pump again? Do we need the S&P to also pump some? Well as the eve of the 70th anniversary of the People's Republic of China creeps up on us, it's easy to say getting a trade deal done will be the catalyst. But with comments from US officials on Friday threatening to delist Chinese stocks from US exchanges...HOLD on tighter.
ORBEX: EURUSD, USDJPY - The Risks Of A US-EU TradewarIn today's #marketinsights video recording I analyse #EURUSD and #USDJPY
#EURUSD weak on:
- US-EU potential trade conflict (airbus illegal state aid - WTO depended)
- ECB's Germans board member resignation
Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive
#USDJPY strong on:
- Dovish Evans turned neutral
- Positive home sales
- No GDP revision
- No safe-haven flows
- Dollar seen as risk positive
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
EURNZD SHORTInteresting set up on all time frames, a nice reaction off of 50% from a previous weekly candle has given us a sniper entry and now going down into the daily time frame the pull back we had has given another nice entry. Going down to the 4H you can see areas of liquidity visible along with multiple imbalances, beneath that we have mitigation zones and institutional candles. Another confluence was that price was discounted which gave me reason to execute a second sell.
Will be closing half my positions once i am 100 pips up.
SPY continues to sell off, amid BS news headlines :DI like how news headlines blame the trade war and impeachment every day. Maybe people don't trust the stock market and want their money. Also, I recommend using the CICO Report for a logical view of the stock market. I suggest trading with a logical frame of mind and ignore the BS emotionally triggering news. If you are emotionally triggered after reading a news story, you are probably reading lies.
The CICO Report tallies a running sum of new money into and out of the stock market and has nothing to do with impeachment or the trade war. Ignore the noise and trade smart.