Adrian_Armentia

Adrian_Armentia

GBPUSD remains under downward pressure as a result of the uncertainty generated regarding the Brexit delay. From a fundamental point of view: - GBP short interest is peaking new highs among Investment Banks. -If the expected Brexit delay is approved, Theresa May would need to approve the agreement before the 2019 European Election. - No clear scenario concerning...

Adrian_Armentia

Inditex is facing a great bullish momentum: Fundamental: After the downgrade of Morgan Stanley -17%, they have reported solid quarterly results reaching USD 12 Bn of revenue for the first time, remaining its clothing leadership. Technical : -Spanish equities negative momentum was sending Inditex downwards, however IBEX 35 is back again above 9.200 level...

Adrian_Armentia

GM is soaring back from USD 35 levels (close to USD 34,71 support level), supported by: Fundamental: -USA&Mexico trade deal, which will positively affect their exports/imports between USA and Mexico. -Possibility of including Canada in the trade deal. -Less tensions with China in terms of tariffs. Technical: -USA Index bullish momentum. -RSI...

Adrian_Armentia Updated 

Hello traders, Jerome Powell is going to deliver his first testimony about monetary policy today at 16:00 GMT +2. Either today and tomorrow´s testimony in the senate are going to be crucial in order to catch more interest rate hike signs. Currently EURUSD is facing a clearly bearish medium term trend, unable to clearly break the 1,1768 level, quoting below the...

Adrian_Armentia

Hello traders, The TRY has dropped over -3,5% against some majors, over 1800 pips in less than 2 hours, since Turkey´s central bank has hold the interest rate level at 17,75% unexpectedly. After the huge spike of the USDTRY, now it is pulling back after being unable to break the 4,98 level for the third time. Even though the USD is experiencing a huge spike...

Adrian_Armentia Updated 

This Friday 13/07/2018 three of the main USA Banks are releasing quarterly results #JPM #C #WFC, The Banking sector is experiencing positive fundamentals that have been driving the spike of their stocks in recent months: 1. USA Interest rate hikes : according to Bloomberg research, for each 1% that USA increases the interest rate level Banks like Bank of...

Adrian_Armentia Updated 

Hello traders, In spite of the OPEC Oil production boost estimated in 1 Mn daily barrels, UKOIL has been soaring aproaching 3,5 years highs close to USD 80; since the production supply increase was expected over 1 Mn and the real supply boost might finally be around 600k daily barrels. Now the price is retreating from USD 79-80 level, after being unable to...