Get started

USA

USA. Taxes. China. Crisis. Electricity. Europe. BitcoinThe world leaders have begun to create a synthetic crisis. This crisis is far scarier - the energy crisis. It is not an accident that coal-fired power plants in Great Britain were not just shut down or canned. They exploded it without any chance to rebuild. It gave the island 44% of its generation in 2012. Britain is developing a plan to build a 3,800 km long transmission line off the coast of Morocco. There will build wind farms. They will be able to meet as much as 5% of Britain's electricity needs. By the way, they will lose up to 30% of the generated electricity in the submarine cables. All countries in whose territorial waters the cable runs will have to pay a constant fee. There has never been a more costly energy project on the planet. Last year, in 2020, China permanently abandoned imports of coal from Australia, which covered 25% of the Celestial Empire's electricity generation. Most interestingly, China has not sent proposals to, for example, the Russian Ministry of Energy to organize coal exports. It simply increased its consumption of liquefied gas. The result was not long in coming. The largest factories all over China receive a schedule of power outages. The schemes include 2 in 2 or 1 in 3 days. The most extensive electricity consumers are the industrial companies. They will work only 3 or 4 days a week. Orders from major technology companies are in jeopardy. It is the most trivial issue we have. The fact is that almost all manufacturers in the world in mechanical engineering, electronics, pharmaceuticals, light industry, and the food industry are dependent on component supplies from China. They couldn't invent anything better than an energy crisis in China to disrupt global supply chains, production processes and provoke mass unemployment and hunger. There are two global dangers in the world right now. The first is the bankruptcy of the Chinese mega-developer Evergrande, which threatens to bankrupt dozens of businesses in China and even more investment funds in the United States. The second is a default by the U.S. federal government, which could occur soon. So far, there is not a hint of consensus among congressmen (Democrats and Republicans) about the issue of raising the limit of the federal budget borrowing by $3.5 trillion. Such a decision would automatically be associated with a bill to change the taxation rules in the United States. Biden signs a government funding bill to prevent a shutdown. So-called unrealized gains will now be taxed. For example, you own a house for $400,000, and last year it went up in value to $600,000. In that case, you immediately owe $60,000 to $100,000 in taxes. So if you don't currently have that money, you will need to sell your house to pay your taxes. The same goes for cryptocurrency owners. Let's suppose that you have Bitcoin in your portfolio, and it has grown in value by 300% during a year. You don't want to sell it. You are waiting for the price of $300k per BTC. In case of this law is passed, you have to pay taxes and have to sell half of your bitcoins to pay taxes.
OANDA:SPX500USD
by EXCAVO
34
S&P 500 is back on track.Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The S&P 500 finished at all-time highs on Monday, as earnings season kicked into high gear in one of the strongest reporting weeks of the quarter, with leading indicators in many industries set to report results. The S&P 500 gained 21.58 points, or 0.47%, to 4,566.48. After a setback and a huge drop that happened 2 weeks ago with the cause being the big problems that happened in China with Evergrande, The S&P is back on track now, and it's breaking new highs each week Possible Scenarios for the market : Scenario 1 : The S&P has been having a great Bullish movement that will probably lead the market price even further soon, we will be seeing the market reaching the first resistance located at 4587.76 where we might have a small setback but most likely the S&P will breakout and continue pushing reaching the 4701.56 level soon. Scenario 2 : After reaching the first resistance at 4587.76 we could be seeing a small pullback that will drive the price down near the support zone located at 4473.96 where the Bulls will try to snap back control over the market and push the price back into Scenario 1. Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign) 2) The MACD is above the 0 line indicating a Bullish market with a positive crossover between the MACD line and the Signal line. 3) The ADX is at 22.05 showing that the market is trending with a positive crossover between DI+ and DI-. Weekly Support & Resistance points : support Resistance 1) 4473.96 1) 4587.76 2) 4403.03 2) 4630.63 3) 4360.16 3) 4701.56 Fundamental point of view : U.S. President Joe Biden on Monday held out hope for an agreement on his major spending plans before attending a climate summit in Scotland, while the White House said Democratic negotiators were closing in on a deal. The majority of the 11 major S&P sectors advanced, with energy and consumer discretionary shares the best performing, as energy names received a boost from another rise in oil prices to multiyear highs on tight supply. This week, 165 components of the S&P 500 are expected to post quarterly results, according to Refinitiv data. Analysts expect earnings at S&P 500 companies to grow 34.8% year-on-year for the third quarter. Investors are also assessing how companies are navigating supply-chain bottlenecks, labor shortages and inflationary pressures to sustain growth. Of the 119 companies in the S&P 500 that have reported earnings through Monday morning, 83.2% have topped analysts' expectations. According to Reuters This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
SP:SPXLong
by GabiDahduh
Expected Breakout in DXY Towards 95.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The Dollar Index (DXY) is in an ascending triangle setup with the resistance around the 94.50 price level. The support trend line is structured with the higher lows of 93 and 94 respectively. Expectations are for a breakout on DXY with a target of 95.50. Failure of this setup will be known if DXY were to fall below 93.50. Technical Indicators The short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages a trending higher, providing varying levels of support for DXY. The RSI is trading above 50 with the KST in a bullish mode. Recommendation The recommendation will be to go long at market, with a stop loss at 93.50 and a target of 95.50. This produces a risk/reward ratio of 1.12 Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have a position in DXY.
TVC:DXYLong
by Ceddy86
What The Disappointing NFP Report Really Means For The USDThe Nonfarm Payroll (aka, NFP report) is making a habit of missing its forecast by wide margins. September’s NFP rolled on Friday, revealing that a meagre 194K jobs had been added to the US economy last month. Perhaps the NFP report wouldn’t have been as disappointing had forecasts not predicted September added 500K jobs for the month. Job growth held to expectations within the leisure, hospitality, and retail sectors, adding a combined 130K jobs to the economy. However, a steep decline in education and healthcare professionals across the US severely undermined NFP predictions, down by 161K and 18K, respectively. Why the NFP matters to the Federal Reserve According to Federal Reserve Chair Jerome Powell, a “decent” September NFP would be needed for the Fed’s planned bond-buying slowdown (tapering) to remain on track for November. Without Powell’s definition of “decent” or a stated value that meets that definition, the market might have to scramble to figure out what the September NFP will mean for the Fed’s tapering roadmap. As it stands, the DXY is struggling to maintain momentum above the 94.00 level. A reversal or delay in the Fed tapering may expose further weakness in the USD. After the NFP; Economic Calendar Concerning the USD The markets will have a couple of days to decipher what the Fed might do in response to the lacklustre NFP. Helping the deciphering process will be the release of the FOMC minutes on Wednesday, followed by several speeches from Fed representatives. Perhaps the most important of these will be from Lael Brainard on Wednesday and John Williams on Friday. Three additional economic reports will help determine the trajectory the USD takes this week. On Wednesday, expect data concerning the rate of inflation in the US (YoY) (SEP). Inflation in the US is forecast to remain stable at 5.3%. Used vehicles, one of the main culprits for the high inflation in 2021, has begun to subside in price. Supply constraints across multiple industries may be picking up this slack and slowing the pace at which inflation drops. Alternatively, supply constraints could pick up more than just the slack left by falling used vehicles, and with it, push inflation back in line or beyond the pandemic record of 5.4%. San Francisco Federal Reserve President Mary Daly commented over the weekend pushing back against the idea that inflation is here to stay, throwing inflation’s new instigator, ‘supply constraints’, under the bus. Daly noted, “We have these really anxious-to-get-out-there-and-spend consumers hitting the wall of supply constraints, and of course the prices are going to rise…But I don’t see this as a long-term phenomenon.”. On Friday, expect back-to-back reports. First, US Retail Sales MoM SEP is forecast to remain flat, followed quickly by the Michigan Consumer Sentiment OCT, which is expected to rise by one point or two from 72.8 in September.
TVC:DXY
by BlackBull_Markets
USDCAD - FIBO Bounce to $1.28+USDCAD - FIBO Bounce to $1.28+ DXY FX:USDCAD DXY - Based on retracement - Federal reserve will approve debt ceiling - Mr. McConnell has said the government must not be allowed to stop paying its debts; he has also said he will not let any Republicans vote to raise the limit, while moving repeatedly to block Democrats from doing so themselves. Instead, he has prescribed a path forward for Democrats: Use a complicated budget process known as reconciliation to maneuver around a Republican filibuster that he refuses to lift. - www.nytimes.com - www.reuters.com - Home sale races to 7-month high - COVID numbers have dropped from 285K per day to 125K in 7-days. - USA is rising strong again. CXY FX:USDCAD CXY - Based on retracement - Rising inflation affecting housing market poorly. - GDP @ .07% .01% reversal since July. - Construction declined from heat wave - Analysts said the Bank of Canada will likely go ahead with another tapering in its Oct. 27 rate decision, though the August gain is likely not enough to move the dial for the central bank on interest rates - especially after a disappointing second-quarter contraction.
Long
by MatrixBits
BDRY Expected to Rally Towards 38.50Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The ETF BDRY held its overall uptrend despite failing to break through the 30.75 resistance level on the previous two occasions. Support for BDRY is observed around the 23 price level. Expectations are for the ETF to break above 30.75 resistance on its 3rd attempt and rally towards 38.50. To negate this view BDRY needs to decline towards the 22.75 price level. Technical Indicators BDRY is currently above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The moving averages are trending higher as the short term MA is trading above the medium term MA and the medium term MA is trading above the long term MA. Also there has been a positive crossover on the short and medium term MAs. BDRY’s RSI is above the 50 level and there has been a positive crossover on the KST. Recommendation The recommendation will be to go long at market, with a stop loss at 22.75 and a target of 38.50. This produces a risk/reward ratio of 1.46. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
AMEX:BDRYLong
by Ceddy86