DaveBrascoFX

DaveBrascoFX Updated 

Unusual Put Option Trade in Amazon.com (AMZN) Worth $17,212.50K On May 10, 2023 at 13:27:06 ET an unusually large $17,212.50K block of Put contracts in Amazon.com (AMZN) was bought, with a strike price of $190.00 / share, expiring in 37 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 4.04 sigmas above...

DaveBrascoFX Updated 

Trend Bearish The first thing to make clear here is that companies are not required to say what they expect from the next quarter or year. Many do in order to offer some kind of transparency, but they are not obligated to do so, legally, or otherwise. That became clear during the pandemic when, faced with massive uncertainty about supply chains and consumer...

DaveBrascoFX Updated 

Bullish Setup The next HH HL is the sinal of the Bullish Trend start Here’s the 4hr Elliott wave Chart from the 4/14/2022 New York update. In which, the rally to 1.6866 high ended 5 waves from the 2/10/2023 low in wave (1) & made a pullback in wave (2). The internals of that pullback unfolded as Elliott wave double three correction where wave W ended at...

DaveBrascoFX Updated 

Currently short Strategy Leg Trade GBPCHF making currently LH LL POC is heavy resistance The VP of today(10May2023) is D-Shape leaning bearish IF BREAKING 1,08756 it can go to 1,05945 There may retrace If Breaking throuh ,then it can Fall to 1,01875 Low Volume are: Big Probabilitiy that we will have Big retracement there as Buyers on Sept. 26,2022 PUSHED...

DaveBrascoFX Updated 

STRATEGY LONG British Pound Sterling Japanese Yen traded at 171.115 this Friday April 28th, increasing 3.864 or 2.31 percent since the previous trading session. Looking back, over the last four weeks, GBPJPY gained 4.63 percent. Over the last 12 months, its price rose by 4.84 percent. Larger bulls are likely to take a breather in coming sessions as 14-d...

DaveBrascoFX Updated 

STRATEGY STRONG BUY EUR/JPY climbs sharply to 2023 past 149.00 The underlying strong upside momentum in the cross appears unchallenged for the time being. Against that, the continuation of the upward bias should challenge the key 150.00 barrier in the relatively short term. So far, further upside looks favoured while the cross trades above the 200-day SMA,...

DaveBrascoFX Updated 

STRATEGY LONG The Japanese yen depreciated past 134.5 per dollar, sliding back toward its weakest levels in seven weeks as the Bank of Japan maintained its ultra-easy monetary policy and made no adjustments to its yield curve control. However, the BOJ said it will remove forward guidance that pledges to keep interest rates at current or low levels. Latest data...

DaveBrascoFX Updated 

Downside risks for NZD remain, though, given asymmetric risks to RBNZ pricing. The persistent curve inversion suggests markets are pricing in a risk of a policy mistake. We are watching the Feb RBNZ meeting closely, particularly for guidance on the balance sheet," "We expect AU D to outperform NZD (targeting 1.08) given risks that swap traders reduce expectations...

DaveBrascoFX Updated 

EUR/JPY - This is the forex quote for the Euro vs. Japanese Yen exchange rate. EUR (the 'base currency') is quoted in terms of JPY (the 'counter currency'). The Yen is a historically low-yielding currency, making an attractive vehicle to fund carry trades (where traders borrow cheaply in JPY to buy higher-yielding currencies, including EUR. Investors tend to favor...

DaveBrascoFX Updated 

Why is the GBP/NZD pair important to traders? The GBP/NZD pair brings together two of the world’s most-traded fiat currencies: the British pound and the New Zealand dollar. It shows us how much NZD is needed to buy £1. Sterling is the fourth most-traded currency worldwide, while the New Zealand dollar is 10th. Among international investors and traders, the...

DaveBrascoFX Updated 

GME STARTED TO TEST NEW LOWS: STRATEGY SHORT Sue. This Market seems to be volatile and very difficult to trade. Scalping?Trend? Range Trading?.... Well ... I just look for volume areas, where the market is testing the forme false breakouts... The minor short term has just started. Overall Average Signal calculated from all 13 indicators. Signal Strength is a...

DaveBrascoFX Updated 

New home sales in June fell to the lowest level since April 2020, reflecting declining builder sentiment as construction bottlenecks continue to slow new home building and raise housing costs. Sales of newly built, single-family homes in June fell 8.1% to a 590,000 seasonally adjusted annual rate from a sharply downwardly revised reading in May, according to...

DaveBrascoFX Updated 

The currency pairing of the British pound / Japanese yen (GBP/JPY) is one of the most traded pairs in the foreign exchange market, representing a significant quantity of daily trading. It's a pairing which is popular amongst veteran traders and newcomers alike. GBP/JPY trading hours The forex market is available 24 hours a day, but UK trading, in particular,...

DaveBrascoFX Updated 

The Nasdaq-100® Index Meets The Inflation Boogeyman: What Happens Next? The Nasdaq-100 Index has generated an exceptional record of absolute and relative performance over the past decade and a half. Broadly speaking, large-cap U.S. equities have performed very well, with the S&P 500 Index producing total returns of 357% from year-end 2006 through year-end 2021....

DaveBrascoFX Updated 

Thursday brings us a short update on brent oil. This instrument has been heavily bombarded recently by the macro data, not only for oil, but also the macro data for the USD. Let’s start with the one for oil. Yesterday’s inventories. Data came in hot (bullish for oil) as the number were significantly below expectation, showing a decrease of 4.5 mln barrels from...

DaveBrascoFX

Fundamentally the Poland economy is showing green signs to recover,while new crisis ae threathenning Turkish economy Technically A long solide series of Higher Highs and Highe Lows is giving a stong bullish picture The Bullish volume is creating more often while the short setups get quickly stopped by very low volumes. PLN boke aleady 20-50-76 and...

DaveBrascoFX

BEARISH MID TEM BULLISH SHORT TERM JP Morgan boss plays down risk of crisis THE MARKET IS FULL OF MANIPULATIONS Spoofing Spoofing - This involves placing orders with no intention of executing them, in order to create a false impression of market demand or supply, and then cancelling the orders once the market has moved in the desired direction. We're...

DaveBrascoFX Updated 

his is one of the simplest trending strategies I use for day trading, and also one of the most effective. For this, it has been given the catchy name: Day Trade Trending Strategy. Using a one-minute chart the price will often make a larger move, have a very simple pullback, and then begin to move in the trending direction again. The strategy attempts to capitalize...