Governing Council stands ready to adjust policy further and to deploy other market tools if required: BOC . 25 bps cut probabilities at the April meeting or sooner.
It was fishy already the moment when I realized how people being greedy over equities TVC:SPX | TVC:DJI . Knowing much of major steps already taken in action from global governments and central banks all those honchos working together to save their own country equally from this pandemic created financial crisis let me think at least once that something is coming...
This is an easy game to know how the global pandemic isn't settled yet and knowing how all big central banks honchos cooperated together to fight against this pandemic by deciding to lower OCR rates equally to combat against the corona virus. State & Europe are new continents who are for now struggling and combating strongly against this pandemic. I hope...
I know FED is playing big moves ahead so far to prevent the State from the pandemic before it may cause more disruption around the country. The reason is beyond technical analysis for me to think even slightly how this pair might gonna end up trending upward. The big moves which I'm talking about from fed were the double rate cut within a month and some repo...
It can be a retracement finally after a long swing upward couple of days past due to the US under pressure from Covid-19. This might be changing positively slowly as the representative of the state is focusing on the comeback against the pandemic and they have already run much stimulus program for their economy prevention. Can't say it may be fully reversal but...
I had some correlation anticipation over it I don't mean it as a pure reversal but in my opinion, some retracement might be incoming for this pair.
I am feeling these pairs have some room lower to retracement watching over the sentiment. Bulls are getting exhausted aren't doing fine with upbeat and watching over the rising trendline and Fibonacci retracement level I assume there may have some pullback in this pair even if it won't be an overall reversal. Ya and hope you guys knew BOE just cut the rate by 50bp...
I assume sellers are weighing at the market so far. The price rebound from falling trendline lower and stochastic leaving the overbought zone.
The Saudi price war was a flashpoint for today's action but it's really all about coronavirus. The news on the weekend worsened with too many cases and outbreaks to count. The conditions for a panic were evident the moment markets opened plunged heavily lower. Japanese market participants invest abroad massively but when uncertainty hits, they bring their money...
May have potential movement upward still even if we technically see it high fundamental euro may bang above a bit higher the way how EURUSD proved it every high no sell! I had some sentiment analysis though and I feel it has more potential upward prolly around r2 or even r3 let's see depending on the impact of BOE rate decision yet to come but pricing will occur...
OPEC said to be pushing for more than 1 mil bpd of output cuts. Russia said to have opposed plans to deepen OPEC+ output cuts by 1.2 mil bpd. We can't forget BOC rate decision ahead and which should create some volatility in the loonie and it might have some positive or negative effect equal for oil aftermath but I think there are hidden bulls at the oil market.
Head and shoulder chart pattern spotted and if this play out retracement could be a case. Aussie is doing fine against king buck AUDUSD as well I assume the last time RBA cut the rate was fully priced in so Aussie seems to have demand rather than supply against many pairs on today's overall session. Price breaking lower the weekly pivot point (Blue), price falling...
Technically exhausted bulls and tonight we have Businesses & Employment reports incoming from the US (ADP, ISM, and PMI) which are some key data representing the US economic outlook. Any unexpected numbers can spark volatility on this major pair. We had a 50bp emergency rate cut which was a surprise last night from FED and the aftermath outcome for the king was...
Most of the wise traders knew that the 25bp rate cut probabilities were higher and then finally when the actual day came up it ended up being a cut actually. I don't wanna explain all those stuff which had already been past but for now, we can see good demand in Aussie just to know that fed might have some future rate stimulus probabilities (but that part on next...
RBA is less likely to provide further support to the Aussie dollar and expect any AUD weakness to be mostly channeled through a lower AUD/NZD, where the monetary policy differential may be more evident (given a neutral RBNZ). Market participants in this cross-currency seem to price in ahead of the meeting where we can see a strong bearish pressure for now in the...
BOC coming near and most of the currencies having this comdoll as a base or counter losing against the other side currency example FOREXCOM:USDCAD , it all give us some hint that market participant was dumbing loonie before its meeting. It may have retracement upward but overall deciding for now the overall market reversal might have fewer chances before the BOC...
I was focused a lot in yen performance throughout the starting day of the week when it posted out weak GDP after then some gloomy industrial reports I got hooked with the yen so far. Us had some report good some bad but till now it hadn't posted any top tier reports which could change the bullish sentiment flow of greenback but now I assume it's too much for this...
Checking out AUD/JPY today as the pair recovers from an early Tuesday drop, likely on rising global risk aversion sentiment as coronavirus fears blaze up once again. Words are in town that by Apple, who issued revenue guidance warning www.theverge.com overnight, evoking fears of a more significant impact from the coronavirus outbreak on the global economy. This...