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GBP/USD Reaches New Peak Amid Strong Economic Signals from UKThe GBP/USD exchange rate surged to a twelve-week peak recently, riding on improved consumer confidence and a positive business outlook, despite persistent recessionary pressures. This upward movement, with the pound sterling hitting 1.2615 against the US dollar, reflects a favorable response to the latest S&P Global/CIPS data. Additionally, a sell-off in Gilts bolstered bond yields, contributing to the market's optimistic stance. Amidst mixed economic signals from both the UK and the US, the GBP/USD pair maintained its strength, trading at 1.2606. In the UK, while inflation displayed signs of cooling down, it remained notably higher than the Bank of England's target rate, registering at 4.6%. The recent Chancellor’s Autumn Statement offered a balanced perspective on growth and inflation, steering a path of cautious optimism. BoE Chief Economist Huw Pill's reiteration of the central bank's commitment to combatting inflation further solidified market sentiments. Looking forward, market players are eagerly anticipating further insights and crucial US economic reports, including Consumer Confidence and ISM Manufacturing PMI and how will they compare from the ones from UK These upcoming factors are anticipated to wield significant influence on the future movements of the GBP/USD exchange rate. In technical terms, indicators such as RSI and MACD are signaling Buy, reinforcing the ongoing trend. If the current trajectory persists, the price could potentially ascend to levels around 1.2733, with a probable pivot point at 1.2583. However, there might be a downside risk, with potential drops to support levels at 1.2458, indicative of a cautious market sentiment amid the evolving economic landscape. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
DXY - (very!) Long; Welcome to the "new" American Century!Globalization is dead. The fat lady has sang, the dirt is piled high next to the hole in the ground, obituaries read, notices had been long mailed to all the parties concerned. All there is left to do now is to show up at the funeral - provided you are not too busy starving or freezing to death, or otherwise engaged with similarly pressing diversions. This IS the end of the world, as far as those currently alive came to know it. How could one tell? ... By simply doing the math - while reflecting on the known laws of physics. The following is more of a brief recap, rather than short term trading advise. Nevertheless, if in doubt, this is a USD Long call, the size of Montana! 1) "Things" are 10-30 times cheaper to "float" (energy-/cost-wise) than any possible form of land transport. E.g. if you are Germany (the EU) or China, and are fully dependent on external food and energy sources, and have zero (0) effective long-range navy to protect any essential shipping lines ... Digg up your heirloom calendars from the previous century because they will come very handy, once again. (Not to mention that purchasing a new calendar will not be within your means.) That quintessential and necessarily socialist - arguably fascist - EU slant will make matters even worse, if that'd be any way possible. [France is the only likely winner in Europe, or rather in this case, the lone escapee. That nation's healthy pessimism - the deepest in the world, according to surveys - is also likely to be a notable plus, right about now.] 2) The "Green (renewable) Revolution" is a fantasy - Including the "EV Revolution" Yes, lithium is light and plenty BUT it is also one of the least energy dense metals in the periodic table of elements. (I.e. it can't move "things"! - By itself, it'd be like pissing in the wind.) One needs to mix it with "something" - like Cadmium, the ONLY source of which is literarily one of the most remote places on earth, in the Democratic Republic of ____ ___, which is neither democratic nor a republic - nor a state or a country. E.g. No on demand availability = No renewable energy. Not to mention the energy costs - like aluminium, etc. - just in the production of the necessary infrastructure. In short, no technology exists, at present, which would have a chance to make the whole idea viable, by any tangible means, measure, or foresight. 3) China - is "dead". It is already in the process of passing that proverbial water buffalo which the Chinese Dragon has swallowed a little ways back and as of this year (2023) it is in a full fledged, unmitigated demographic collapse. Ain't no fixin' that, ya'll! To make things even more inconvenient, China has the longest (food + energy) supply lines, possible on this planet. (Some of those even longer than the other side of the world .) Count on a - once again - rural China with 800 million subsistence gardeners by 2035, starting now! 4) Russia That 1/6th of dry land on this globe has got everything! Except all the good stuff is well over a 1000 miles inland - and still in the ground! -, not to mention all of it being totally land locked. (Refer to "1") E.g. Potential issues with reliance on Russian supply lines has similar connotations to the overpopulation issue on Mars. 5) Africa For real? ... Not! 6) South America They have everything , pretty much. Just as most of it is also land-locked. But since that whole chunk of the planet is squarely in the N. American zone of interests, simply chuck it up as an integral part of NAFTA. ... leaving only one, single country /block that posses ample domestic food and energy resources, combined with incomparable industrial and military strength and reach, not to mention a sufficiently large internal market, including a (still) favorable demographic - that is also optimally dispersed -, to do as it pleases, as long as it pleases, to/for whom it pleases: "Fortress America".
TVC:DXYLong
by Nemo_Confidat
13
Travelers: On an excursion 🗺️ 🚎The Travelers stock could once again honor its name and undertake a volatile journey. We now locate the stock in the magenta wave (y), which should undercut the support at $157.33 and then bring the superior wave (4) in green to its end. It should be noted that it is also 39% likely that the stock has already established the low of the larger correction with wave alt.(4) and will next break out directly above resistance at $173.47. Following the deposited wave (4) low - whether by primary or alternative means - we expect significant price gains
NYSE:TRV
by MarketIntel
What is lurking in gold?Every time XAU/USD has reached the $2,000 range, which is a very important resistance, in the past, after testing this range, it has suffered a sharp drop in value, but today, due to the passage of time and many encounters with this resistance range, it can be He examined the fate of gold a little more closely. If the United States of America officially participates in the war, gold can grow along with oil due to the increase in conflicts in the Middle East and cross this resistance range, and otherwise even despite the power of the candle. An increase in this range is expected to decrease towards the support range indicated in the picture, but the loss of this support range is also unlikely for gold. I expect more if it is not able to break the resistance range, the possibility of price range as before in the range channel is also very likely. But for now, the focus should be on the price reaction to the resistance range SOS FINANCIAL COMPANY
TVC:GOLD
by Amir_Nazer
Has LMT Reached The End? | War | Historic Analysis Disclaimer: I am in no way condoning violence, nor support either side of any conflict. This will be an analysis of NYSE:LMT alone. With that being said let's dive in. Introduction We all heard the breaking news, as of October 7th, 2023 Israel and Palestine are officially at war with each other creating tension around the globe. Now I know you probably wondering, how it affects our economics on the Western front, specifically the stock market. What can we expect in the future, and of course can you turn a profit from all this? Toady, we'll dive deep into what stocks to pay attention to and how involved NYSE:LMT , AMEX:DFEN , and NYSE:RTX really are. So strap on your seat belts as we talk about the M word. No not morals, Money. The Big Bois Without a doubt the largest companies in the US for military exports are NYSE:LMT , NYSE:RTX , and $NYSE:GD. The largest consumers of these military goods are Korea, Japan, Australia, Saudi Arabia, and Israel. I will leave the AMEX:DFEN ETF here which holds most of the companies I've mentioned and then some. We want to look at these companies when we hear conflict. With that being said let's head over to some charts. *For a more in-depth analysis of military manufacturers, I suggest researching what companies are good for and what they supply, but at the end of the day, they all complement each other, which is why you really can't go wrong with $AMEX:DFEN. If it really matters it's just a Google search away. 1D NYSE:LMT Percentage Increase Zones: I labeled these zones so we can get a clear view of the effects of war/conflict. This is the type of capitalization you can get from these scenarios, and we are seeing similar percentages to the ones from the Russian-Ukraine conflict. I believe the highest this can climb would be the all-time high, which just so happens to reach a perfect 29%, so something to be looking at. Possible Rejection Levels: These are levels that can play as a resistance/retrace before a rejection to the downside. Possible Support Levels: These are the levels that can play as a support/reversal to the upside. Moving Average: 200 MA could play as a resistance and we could have reached the end of this first swing before we fell back down the the previous low. MACD: MACD Showing signs of a bearish divergence perhaps, keep a sharp eye on that. 1W NYSE:LMT Elliot Waves: I debated whether or not wanted to mark this as a complete Elliot Wave or not (12345) then (ABC). To each their own, this is expected when we talk about something as subjective as Elliot Waves. FIB: The Fib is used to show possible retracement levels, which I labeled out in the "possible rejection zone" if this stock were to go lower. Moving Average: 200 MA played as a perfect pillow, now we just see if it can stay that way. Relative Strength Index: In each "war" zone I have shown the amount of buying pressure we usually see during these conflicts, but it seems we have no pressure, nor any indication that this will be bullish. In fact, we were oversold not too long ago. Stoch RSI: Same with the Stock RSI we are in the (ABC) faze of the indicator. Summary Overall, we are seeing more downward pressure than any bullish indications, I believe we need to get through the bears first before this stock skyrockets. Another factor is that war must be prominent, something we really shouldn't be rooting for. Bonus NYSE:RTX and AMEX:DFEN Please Please Please, like and follow the post if you found this helpful! It helps the algorithm and me to reach more people, don't be afraid to comment with your thoughts down below!
NYSE:LMTShort
by DenzelitoTrades