Soybean is among the world’s most traded crop. It is used in various industries. Soybean drives global food prices. It can tilt trade balances of an entire nation. This paper describes the importance of Soybean. It lists key producers, consumer and maps the harvesting cycle across the calendar by top producing countries. Given rising Brazilian exports, higher...
on the right we have nio, trying today to break over the MA 50 dynamic resistance, and on the left we have pure storage, trying to bounce off the MA 200. as you can see, both of them bounced off the MA 200, but while nio did jump high today, pure storage didn't yet. because of that, I believe we will see a jump within 2 weeks in pure storage too, not a big %,...
Helicopter view of USDCNH currency pair, and some ideas on how to act upon the recent price movements.
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Technically bullish - currently overbought, AUD/USD should make a break above 0.70000 price level after some slight consolidation/ pullback. US-China Trade developments will continue to take the spotlight for AUD pairs in 2020; With Phase 1 Deal to be signed sometime in January, (which includes Tariff reductions) AU bulls should temporarily take control..and...
Reasons for the paradox in this trade: Trump's impeachment is uneventful at this moment in time Yet this impeachment may cost him his re-election creating a possibility for easier trade negotiations With AUD off to the highs especially with there being good data today, let's see how far this thing goes
Despite the RBA setting a dovish when it comes to all things $AUD this spike in price action has caught my eye, enough for me to justify a pre-emptive move in the name of $AUD strength. Trump's impeachment at the house will not have an impact because the senate where Republicans hold the majority will not vote against their own political leader (well at least...
I have just closed out a +8% trade and I am going long again. The initial fundamentals where: Brazillian drought US-China trade war increasing agriculture exports out of Brazil Weak $BRLUSD Although some of these fundamentals are starting to wane, the technicals continue to show that Coffee has more to go
It was risk-on mood after yesterday Trump teased traders with hope of a US-China trade deal by tweeting “Getting VERY close to a BIG DEAL with China. They want it, and so do we!” If the both sides can’t reach an agreement within the next few days, additional tariffs will be imposed on imported Chinese goods on Sunday, December 15th. If a deal is reached before...
Fundamental: RBA statement seemed "hawkish" on growth but expected persistently low rates through Q2 2020...GDP and Retail Sales confirmed continued slow growth. USD is heading into NFP with a weak stance after a big miss on ADP employment. Q3 GDP still outperforming other major economies at 2.1%. NFP should have a short-term affect on markets with a small...
The price of Gold Futures is possibly moving in descending channel on the 1-day chart. After todays strong downwards movement, we're almost at the support line of the channel. I'm expecting another drop tomorrow, from where we will consider to open our position as follows Open Position (Long): 1446.00 or below Target: 1490.00 or above (Key Zone) Please wait for...
In today's #marketinsights video recording I analyse #SPX and #DXY #Indices! Equities and Cash Indices are both affected by growing confidence surrounding #tradewars, #Brexit and of course, the upbeat US earning reports that keep coming out! With Mr Trump expecting a #tradewar deal by the middle of next month and BoJo willing to push through his latest EU-agreed...
Trade war truce has come to carry you home?! Swing-Lo, Sell Kiwi, China-Us talks will carry you home. NZD and AUD have thrived in the past weeks on a weak dollar and more business with China, now the Big-Bully is back!! And he wants a big chunk of the cake....or else!!! The S&P 500 got some ticks on Friday night at trade closure due to that Trump-Xi deal...
In today's #marketinsights video recording I analyse the US Index and S&P 500 What affects #DXY and #SPX: - China cancels a visit to US farms - Trump says no need for trade deal before 2020 elections, in response to Chinese cancelation - US President also says won't do a partial deal, only complete deal - Fed rate cut - Dovish banks Stavros Tousios Head of...
WTICOUSD continues to be pummeled by global macro headwinds. such as a slowing global economy, decreasing global demand, and the ratcheting up in trade rhetoric between the US and China. Given this setup, WTICOUSD is trending downward towards its key Weekly Support Level of $52.422. WTICOUSD has seen steady rallies from this point in the past, however, given the...
UK monthly retail sales were expected to decrease by 0.2% however, but fortunately, we observe the increase by 0.2%. The pound was trying to gain a foothold above 1.21. Although the attempt failed at the end of the day, we continue to recommend buying the pound both mid-term positions and on the intraday basis. Pound back above $1.21 but not for the log time. US...
Yesterday, markets somehow tried to price the rate cut in and realized that the door that has been opened for a cycle of rate cuts by FED is not the beginning of a downward cycle. Therefore, the dollar continued to dominate the foreign exchange market, but the stock market was experiencing problems. We would like to draw attention to an important nuance in the...
Boris Johnson becomes the UK's new prime minister and, made his first statement. Despite the apocalyptic forecasts, we could observe a pound growth on Wednesday. Once again, chances that Johnson will have enough support to implement the no-deal Brexit are extremely low. An agreement with the EU or a general referendum is more likely to happen. In any case, until...