SteadyTradeAI

SteadyTradeAI

We have opened the new trading year with some unusual FX volatility that is likely a byproduct of the unusual liquidity and seasonality conditions. Some countries (including many in Asia) observed the New Year's Day holiday on a Monday, so not all of the world's major financial market centers were open for business on January 3rd. That partial drain of speculative...

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Equal weighted weekly shows a more inclusive differential, with the equation use being: 1/((FX_IDC:EURUSD+FX_IDC:JPYUSD+FX_IDC:GBPUSD+FX_IDC:AUDUSD)/4)

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Looking for short's during the start of this NY session.

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From our original technical and fundamental analysis posted prior to the holidays, we have seen perfect follow through as suggested in multiple reporting done since. Downside TP continues to be updated.

SteadyTradeAI Updated 

Today will see theThe minutes of the Federal Open Market Committee (FOMC) will be issued today, but they are unlikely to have a big impact on the stock market. Second, the discourse looks to be moving toward balance sheet normalisation, sometimes known as quantitative tightening. The first reason is that three rate rises are practically totally priced in for 2022....

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Spotted an opportunity here for those looking to take on both the risk politically between these two pairs and also pay the spread. Upside weekly target shown with arrow.

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We've hit the downside target posted prior to Christmas that is linked both in this post and below for those o would like to back test the fundamentals that were in alignment with this trade being manually taken. +0.0167% marginal (*-0.025% risk) = 3.34% gain on this trade.

SteadyTradeAI Updated 

This week's gains in the DXY Index for the US dollar have been wiped out because other currencies have regained some of their losses due to a rise in risk-adjusted risk-taking. As posted earlier in the Uk session, we've executed long on various confluences. As posted, When the Bank of Canada kept its previous forward guidance in place earlier this month, it didn't...

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As posted earlier in the Uk session, we've executed long on various confluences. As posted, When the Bank of Canada kept its previous forward guidance in place earlier this month, it didn't surprise anyone. It said that it would start to raise interest rates in early 2022. Over the last few days, the central bank has said a little more about the omicron variant,...

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When the Bank of Canada kept its previous forward guidance in place earlier this month, it didn't surprise anyone. It said that it would start to raise interest rates in early 2022. Over the last few days, the central bank has said a little more about the omicron variant, but it still doesn't think it will have a big impact on interest rate policy in 2019. People...

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The EUR/JPY's recent rally appears to be coming to an end, with a wedge on the 4-hour chart beginning to give way to the downside. Wedge patterns that rise during a downturn indicate that investors are losing confidence and serve as corrective patterns. In order to position their stop sufficiently above the previous week's high of 13056, shorts should aim for the...

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The dollar index fell a little overnight because some people took profits from Friday's huge rise in the value of the US dollar as new wires stayed quiet. In quiet Asian trading, the dollar index fell 0.17 percent to 96.50.It dropped to 96.46. I think the chop-fest will keep going, with a move through either 96.00 or 97.00 indicating where the US dollar will go...

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The USD/CAD is up to 1.2930 heading into Tuesday's European session, even though it lost 0.10 percent during the day. As a result, the Loonie/Dollar pair keeps its gains from the previous day close to the year's high.Because people aren't sure how they feel and the US dollar is weakening, the USD/CAD exchange rate is expected to stay under pressure all day...

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In the wake of Sen. Joe Manchin's announcement that he could not back President Joe Biden's $2 trillion spending plan, the Dow Jones Industrial Average dropped more than 600 points on Wednesday. According to Goldman Sachs, Vice President Joe Biden and Democrats are preventing the United States from achieving its growth prediction for 2022. Others fear that the...

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Breaking the key level we've been watching, GA has continues its next leg up to the forward looking higher high in the medium to loner term time frame.

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Upsides in line underlying KeyEventRisk discussed throughly in our threads. We are looking to hold to breakeven then ride as long as possible with a 26 pip trailing ATR or adjusted as needed.

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Stocks in the United States have fallen sharply in recent days, despite the fact that the S&P 500 reached a new all-time closing high only last week. As a result of the prospect of accelerated tapering, investors' appetite for assets that do not generate significant revenue or return capital to shareholders has been dampened. Disruptive, growth stocks in the...

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The middle of December offers another busy economic calendar for the US economy. While there are just three "high" rated events in the coming days, a deluge of "medium" rating releases will keep event risk on the radar from Tuesday through Friday. After the communications embargo period ends at the end of the week, Federal Reserve policymakers' remarks will...