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Gold Price Analysis after Trump contracts coronavirus The world is in shock after President Donald Trump tweeted that he tested positive for coronavirus. Stocks markets fell, and gold finally broke free of the correlation with equities and advanced above $1,900. The bombshell development continues grabbing the headlines and casts questions about fiscal stimulus, the elections, and other topics. As investors continue watching the latest developments, how is the precious metal positioned? Looking up, gold faces its first noteworthy cluster of resistance at $1,910, which is the meeting point of the Bollinger Band 4h-Upper, the previous daily high, the BB 15min-Upper, and other lines. The upside target is $1,928, which is the confluence of the Pivot Point one-day Resistance 2 and the PP one-week R1.
TVC:GOLD
by Ridethemacro
2
I KNOW WE POSTED A LONG BUT!!!I know we posted a long. On here. Free channel milked the long then took a short. Closed for Friday NFP. Looking now we have potentially a short position coming up. Trump got covid, but shared he is doing well, so reduces the chance of uncertainty which then some fundamentals point towards gold going down just like the charts. Remember just because we post something here. Does not mean we are taking the trade. The market can change very quickly. So we can be long 1 min then short the next. x
OANDA:XAUUSDShort
by FreeForexSignals
18
NZDCAD - Target 0.87000 Patience will get you paidPatience on this one but stay woke. The longer this one moves sideways the sharper the breakout. I am looking fro NZD to tap into may turquoise zone, alot of wicks in this area and with not be done with the manipulation with lots of traders hold from the wicky zone. Ill be looking for the stop loss hunt entry which is on a 61.80% fib level , allowing me to get a greater R:R ratio. EMA is still being respected too by the candles. Patience on this one but I do have a bearish bias.
Short
by Travis_duncz
2
DJI: Trump's Covid-19 Case - A Historical ComparisonIn this analysis I'll be shedding light on my own theory on: - How President Trump's Covid-19 Positive news may impact the market - Similarities and differences in historic cases - Why Trump possibly announced his testing positive so quickly Trump's Testing Positive - Trump testing positive for Covid-19, 4 weeks before the presidential elections, is not good news - Especially considering that the current market is momentum driven, such bad news is good enough to scare new investors from pouring money into the market We can see a similar case where the president's medical condition negatively impacted the market Historic case - President Eisenhower suffered a heart attack in September 25, 1955. - Before this incident, the stock market was at an unprecedented bullish rally - Immediately after news was released that he was hospitalized, the market fell by 6%, leading to $14 billion instantly vanishing - Eisenhower recovered, and it was later announced that his condition was not serious - Eventually, the market bounced, and continued to rally upwards - President Trump also announced his testing positive for Covid-19 a few hours ago - Just as Eisenhower's case, the stock market is in an uptrend, with significant bullish momentum - The market is correcting, due to bad news, but not as significantly as that of the past - Just as Eisenhower, considering the fact that Trump will be taken care of seriously, it's most likely that he will recover from the virus - As such, it's reasonable to expect that the market will continue to rally upwards - However, it's also important to consider that market situations are not the same as the past - For more in-depth explanation on what makes today's market special, check out my previous analysis below: Why did Trump announce his condition? - This is an important question to ask, as Trump announced his testing positive for Covid via twitter - Trump is arguably the most powerful person in the world. He could have concealed his condition if he really wanted to, and later justify it as "classified information" - What could have been Trump's intentions behind this? - In the case of the Prime Minister of the UK, Boris Johnson, his support rate was at 48% prior to him testing positive - After he got the virus, there was a sentiment of sympathy among the general public, leading to his support rate skyrocketing to 72%, an all time high support rate ever since Tony Blair - Given this case, and the fact that the presidential elections will be held in 4 weeks, Trump could have been targeting this sympathetic sentiment among the general public - It's also highly likely that Trump recovers quickly, with the best medical staff from the country treating him - As such, he will be qualified to talk about the issue (as someone who has caught the virus), and suggest that he's the only one capable of solving the problem. Conclusion As past cases demonstrate, problems regarding the President's medical condition is never good for the market. However, given that the president recovers quickly, this could end up being a 'buy the dip' opportunity. If you like this analysis, please make sure to like the post, and follow for more quality content! I would also appreciate it if you could leave a comment below with some original insight.
TVC:DJIEducation
by Michael_Wang_Official
79
FX Update: Trump has Covid-19 and first move is risk-offSummary: The US dollar and Japanese yen knee-jerked stronger on the news in early European hours that US President Trump and the First Lady have tested positive for Covid-19 after traveling with a sick aide in recent days. The implications of this news could turn in very different directions for markets from here depending on how serious Trump reacts to the virus. Trading focus: Tactical uncertainty on Trump Covid-19 positive test The first instinct when any bombshell hits the market that increases uncertainty is to head to the hills. Somewhat surprisingly, the market tone managed to stay positive despite lack of progress on new stimulus measures in the US (more on that below) and even after it was clear that Trump had been heavily exposed to the virus in recent days when it turns out an aide traveling with him to campaign events tested positive yesterday. But the situation can quickly go in very different directions from here Mild case – Trump gets a light sniffle and is battle ready after a week to ten days. Not only would the net effect be negligible on Trump’s health, but could also provide him with ammunition in his claims that most people – even a relatively older man like himself – don’t get severe systems and that his opponents have been wrong to so strongly criticize his handling of the virus. Severe case – Trump is sideline with a severe case of the virus for two weeks or more. Anything resembling a case as sever as UK Prime Minister Boris Johnson’s case back in the spring (16 days from announcement of a positive test until he was released from hospital) could underline the severity of the virus and keep Trump’s schedule reduced and his energy low and maybe enhance the credibility of criticisms of his administrations’ handling of the virus and change the mind of some small cross-section of voters. For now the market is taking this situation as driving a shift in favour of Biden, with the USD positive reaction on the tail of that showing that risk sentiment swings seem more important for driving the US dollar at the moment than any thoughts about the budget deficit outlook and risk to inflation down the road from higher Democrat spending levels (only in the event Dems get the Senate back, of course). Remember the US stimulus question – the more important factor here if Trump’s Covid-19 proves a mere distraction. The House Democrats passed a $2.2 trillion bill for new stimulus by a relative narrow margin and with zero Republican votes. This is smaller than their original stimulus package of well over $3 trillion, but their moving forward with this deal is seen by some as providing little hope that the Trump White House is ready to make a deal, with a possibly side-lined Trump adding to the risk of no-deal at the margin. No stimulus is risk sentiment negative and therefore generally USD positive, given recent patterns. A breakthrough is still a possibility over the weekend, with House Speaker Pelosi set to meet US Treasury Secretary Mnuchin at the weekend. Brexit – spot trading is dangerous business – options an idea. If it wasn’t already obvious, yesterday’s price action in sterling underlined the risk of trying to express a tactical view in sterling via spot trades, as conflicting headlines on the state of post-Brexit sterling all over the map. Positioning in options is an idea for those who would like to have a position over the next critical few weeks of the negotiation period and even for beyond December 31 for anyone believing that the talks will go to the wire. A long strangle position in either EURGBP or GBPUSD (long both an out of the money put and call) are a way to trade volatility with no idea of the directional view, and those with directional views can consider taking a long position in either a put or a call or a put spread or call spread. An option spread (long one option and short another option that is much farther out of the money reduces the extent of the directional move needed to break even but reduces also the maximum potential profit if volatility spikes significantly. In an escalation of the stakes of the negotiations, UK Prime Minister Boris Johnson is set to meet EU Commission president Ursula Von Der Leyen tomorrow. Chart: AUDJPY AUDJPY is a classic proxy within G10 currencies for risk appetite and found resistance – as did many USD pairs – right at important resistance, in this case, the head-and-shoulders-like neckline around 0.7600 and just ahead of the21-day and 55-day moving averages. Arguably, this is a kind of bull-bear line, as is the 0.7200 area in AUDUSD – for risk sentiment in FX at the moment. Stay tuned – hard to believe that traders would want to get aggressively risk-on ahead of the weekend as we await more news on Trump’s condition. Oops – what happened in commodities yesterday? Watching commodity FX The commodity complex had an interesting session yesterday, with oil prices dragged lower still and perched on the precipice of major support. The oil demand picture is looking tenuous as some major European cities from Madrid to London to Paris may be on the verge of new lock-downs and the case count in the US has failed to continue falling. Weak commodity prices are a hitch in the reflationary narrative and are worth watching, not only for petro-currencies, but any commodity-linked currency like AUD and others. The copper price in particular suffered a massive drop yesterday. Still, it is interesting to see that EURNOK has pushed significantly back lower this morning despite both the risk-off and weak oil prices – a strong showing for the krone. John Hardy Head of FX Strategy Disclaimer The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. 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by Saxo
12
$VIX to point #TRUMPThe #VIX is on the verge of renewed volatility. Following the spike at the end of February, volatility then calmed from mid-March onwards. Immediately afterwards, we observe the formation of 5 bearish waves ending around mid-August with an exhaustion point S13 A new bullish wave (1) was then triggered and peaked with a SU9. Wave 2 came back to test a solid support (purple line) and is now triggered. Wave 3 (the most powerful) can now be seen with targets drawn in green. (Corresponds to Fibonacci projection) Today's recent news of Donald TRUMP's positive test for COVID19 seems to be the trigger signal for wave 3. The premarket data also seems to be pointing in that direction. A closure below 21 would invalidate this scenario.
CBOE:VIXLong
by MATHR3E
General Electric Stock Analysis + Ready for recovery !📌 General Electric Stock Analysis. For Financials Analysis Sheet kindly message us through Trading View. 📍 Stock info Market Cap 54.62B Revenue (ttm) 77.37B Net Income (ttm) -4.48B Shares Out 8.75B EPS (ttm) -0.58 PE Ratio n/a Forward PE 16.00 Dividend $0.04 Dividend Yield 0.64% 📍 Stock Quote Trading Day Oct 2, 2020 Last Price $6.24 Previous Close $6.23 Change ($) 0.01 Change (%) 0.16% Day's Open 6.28 Day's Range 6.11 - 6.29 Day's Volume 96,781,556 52-Week Range 5.48 - 13.26 📍 Market Cap 54.62B Enterprise Value 95.07B Earnings Date (est) Oct 28, 2020 Ex-Dividend Date Sep 25, 2020 Shares Outstanding 8.75B Float 8.70B EPS (basic) -0.58 EPS (diluted) -0.58 FCF / Share 0.69 📍 Dividend $0.04 Dividend Yield 0.64% Earnings Yield n/a FCF Yield 10.97% Payout Ratio n/a Shares Short 103.57M Short Ratio 1.28 Short % of Float 1.19% Beta 0.92 📍 PE Ratio n/a Forward PE 16.00 P/FCF Ratio 9.11 PS Ratio 0.71 PB Ratio 1.58 Revenue 77.37B Operating Income 819.00M Net Income -4.48B Free Cash Flow 5.99B 📍 Description General Electric Company operates as a high-tech industrial company in the United States, Europe, Asia, the Americas, the Middle East, and Africa. It operates through Power, Renewable Energy, Aviation, Healthcare, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; solutions, products, and services to hydropower industry; blades for onshore and offshore wind turbines; and high voltage equipment. The Aviation segment provides jet engines and turboprops for commercial and military airframes; maintenance, component repair, and overhaul services, as well as replacement parts; integrated digital components; and additive machines and materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics; drug discovery; biopharmaceutical manufacturing technologies; and performance enhancement solutions to hospitals, medical facilities, pharmaceutical and biotechnology companies, and life science research markets. The Capital segment leases and finances aircraft, aircraft engines, and helicopters; provides financial and underwriting solutions; and manages its run-off insurance operations which provides life and health insurance and reinsurance products. The company was founded in 1892 and is headquartered in Boston, Massachusetts. 💡 Is GE a good idea after all? With its focus on renewable energy and its decision to stop catering to the shrinking coal industry -- in addition to its stronger financial position -- it's understandable why investors have grown so interested in GE's stock lately. For investors with a higher tolerance for risk and a willingness to weather near-term volatility, GE seems worth considering to Hold for better returns an portfolio Building. Thank You.
NYSE:GELong
by Ridethemacro
OPEC+ Boosts output put Oil prices downCrude oil plunged below 40$ on opec output news, Daily chart suggesting more weakness ahead till 35.50 levels with a mild support at 36.55 (sept 8th low) Upside resistance lies at 38.80 or 136ma. Almost all timeframes RSI trading at over sold regions giving some caution for fresh sells. Who ever sold at highs can take profit here and wait for the slight rebound till 38 level and take fresh sell for downside said level. Overall sell on rise is advised.
TVC:USOILShort
by OfficialYaMarkets