DaveBrascoFX

DaveBrascoFX Updated 

Technically short Fundamentals long I short Baba! Cuz fundamentals are manipulated, and news are made by insiders and old. I keep it simple. But profitable and effective.

DaveBrascoFX Updated 

US jobs indicator signals early signs of stress, CAD rides positive momentum after BoC hike Bearish momentum accelerates as CAD continues positive momentum – ‘death cross’ and major support will be tested nitial jobless claims out of the US flashed another early warning signal regarding the otherwise robust job market. 261 thousand people were newly unemployed...

DaveBrascoFX Updated 

Polygon in high-profile partnerships Notably, Meta, the parent company of Instagram, named Polygon as its initial partner for its upcoming nonfungible token (NFT) tools that allow users to mint, showcase and sell their digital collectibles on and off the social media platform. Meanwhile, banking giant JPMorgan used Polygon to conduct its first live trade (worth...

DaveBrascoFX Updated 

MNDI Stock Overview Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia. I am currently Short selling this stock because of several reasons though they are also some good facts about the company. As TradeFollower my technical analysis and...

DaveBrascoFX Updated 

The sharp pullback in GBP/AUD raises the risk of a deeper setback in the short term. GBP/AUD’s sharp retreat in recent days has made the cross vulnerable to a deeper setback in the near term. This follows a retreat from strong horizontal trendline resistance at about 1.9200 (see chart). The 14-week Relative Strength Index has retreated from overbought conditions...

DaveBrascoFX Updated 

No change for the GBPCHF pair until this moment, to notice its frequent consolidation below the major resistance at 1.1285, which confirms the continuation of the previously suggested negativity, while the price reach to 1.1160 level now and fluctuating below the MA55 is considered as an initial key to resume the negative attack, which allows us to suggest moving...

DaveBrascoFX Updated 

#GAMZ SHORT Sell the weakness,Buy the strength. Richard Dennis

DaveBrascoFX

GAM Holding AG announced that they will report Q3, 2023 results on Oct 19, 2023 Return vs Industry: GAM underperformed the Swiss Capital Markets industry which returned -13.5% over the past year. Return vs Market: GAM underperformed the Swiss Market which returned 0.9% over the past year. Liontrust Asset Management PLC (LSE:LIO) agreed to acquire GAM Holding AG...

DaveBrascoFX

New agreement will give customers access to 12,000 Tesla chargers Ford (F) stock has advanced about 2.5% early Friday following CEO Chris Farley’s announcement that Ford owners will be able to charge their EVs at Tesla Superchargers beginning in early 2024. The announcement was made via a Twitter Spaces talk between Tesla (TSLA) CEO Elon Musk and Farley late...

DaveBrascoFX

Risks a drop toward the 200-DMA GBP/CAD’s failure to rise decisively past the end-2022 high of 1.6850, slightly above major resistance on the 200-week moving average, points to fatigue in the nine-month-long rally. The cross is testing a crucial converged floor, including the April low of 1.6535, coinciding with the 89-period moving average. While a minor rebound...

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Dollar climbs on expectations of a still hawkish Fed The dollar has been boosted by the release of forecast-smashing U.S. jobs figures, prompting U.S. Treasury yields to soar as a robust labor market coupled with stronger-than-expected print on the Fed’s preferred inflation index earlier in May pointed to the U.S. central bank keeping interest rates higher for...

DaveBrascoFX Updated 

The Australian dollar depreciated past $0.722 on Friday amid a wider risk-off sentiment, while traders braced for a more aggressive tightening by the Federal Reserve. The US central bank is set to meet on Jan. 25-26, and although it is not expected to move rates, an increasing number of Fed officials indicated readiness for a faster path towards policy...

DaveBrascoFX Updated 

Traders are currently reducing natural gas losses, but the outlook for the summer is unimpressive, combined with technical factors, which suggests the possibility of further declines in the future. Natural gas is trading on the weakside of $2.432 (R1), making it new resistance. Overcoming this level will indicate the return of buyers with $2.638 (R2) the next...

DaveBrascoFX Updated 

MY STRATEGY SHORT More than 190,000 tech-sector employees have lost their jobs since the start of 2023 Meta Platforms Inc. stock underperforms Friday when compared to competitors The tech giant is trading its ownership of the business-software startup for a minority stake with no guaranteed payment in return When Meta Platforms closed a deal last year to...

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LONG TERM BEARISH DAILY BEARISH 4H Bearish 2 H Bearish 2H Momentum BEARISH BoE raises rates by 25 bp, revises inflation, GDP forecasts here was no surprise as the Bank of England raised rates by 25 basis points, bringing the cash rate to 4.50%, its highest since 2008. This marked the twelfth consecutive hike in the current rate-tightening cycle, underscoring...

DaveBrascoFX Updated 

If it does, the next major resistance barrier will be the 1.35 level. After that, then you have to worry about the 1.37 level. Either way, it is a question that someone open-ended still, whether or not we have bounced enough to call this a bit of a bottom. The next couple of weeks will probably determine everything, especially after we get that nonfarm payroll...

DaveBrascoFX Updated 

#US100 Trend Short Bearish Market Phase High Volatility Current Phase: Sideways Bearish VP Shift: D-Shape Fundamentals Americans pay $ 2,538 a month for their home loan Who can, should, wants to pay for it? Three years ago, Americans paid ( on average ) less than $ 1,500 a month for their real estate loan. Today they pay $ 2,538. This is a record high, and...

DaveBrascoFX Updated 

House Speaker McCarthy said the debt limit can't pass without dealing with the budget. The USD/CHF pair has rebounded after a corrective move to near 0.8930 in the early Asian session. The Swiss Franc asset has sensed buying interest amid an absence of a clear path for an increase in the US debt-ceiling limit. House Speaker McCarthy said the debt limit can't pass...