SteveNixon

07:06

SteveNixon

Looking for a correction on the stock markets after the last few days of advance. Still looking for shorts on chf and jpy. The USD may pull back today but I'll be looking to short it next week all being well. Of course any more shocks from Covid 19 may change all forecasts Have a great weekend and stay safe Steve Nixon

07:58

SteveNixon

In today's summary of our trading room recording we look at potential upside to stock markets and short safe havens

SteveNixon

Recent poor growth figures and low inflation in the UK have led to calls for a interest rate cut. Therefore I'm looking for short trades on GBP . All of the GBP charts have a similar structure i.e a incomplete zig zag or ending diagonal in the A position. This GBPUSD chart looks ready to go short to complete the zigzag. I don't often give targets but in this...

10:16

SteveNixon

We've been waiting for some news about the UK election over the past few weeks. We expected price to remain in range until election week (12th Dec) but today we've had a break out across the board. If you are in, stay in, if not wait for the break of the next bullish flag. I wouldn't surprised if the pound reached previous highs over the coming weeks. i.e. mid...

03:45

SteveNixon

The UK is currently in election mode so the GBP has been on hold for a few weeks. Nigel Farage has just announced that his Brexit Party will not be challenging any Conservative seats effectively forming a Brexit alliance. This has increased the likelihood of a Majority Conservative Government being elected. Therefore Boris Johnston's Brexit Deal will probably be...

07:11

SteveNixon

As expected the ECB have introduced more stimulus to the Euro Zone by cutting rates by 10 basis points to -0.5% and have announced more bond buying. As a result Dxy should move long and EURUSD will move short for now. Next week we have the FED rate decision so keep that in mind if you decide to follow the Dollar long. Rate cut possible and short movement for Dxy...

07:40

SteveNixon

With the ECB likely to introduce more stimulus for the flagging Euorzone I can see Dxy going long this week. Added to that next Thursday we have the FOMC interest rate decision which is expected to be a 25 basis points cut. Even if they don't cut next week the chances are they'll indicate a cut before the year end. So my forecast for the next 10 days is long then...

04:18

SteveNixon

There is a challenge to the government today in the UK Parliament. If it's successful the Pound will rise if unsuccessful the Pound will fall. It's to close to call so I suggest you keep your powder dry and wait for the outcome before trading. This is not investment advice Please remember to share and like if you find this useful Follow for updates Steve...

06:53

SteveNixon

Noting much has changed since yesterday so I'm still waiting for a Trump Tweet to get things moving. The markets are still correcting last weeks fall and the safe havens wait for more in flow. On the news front Recession seem to be the new favorite word. This is not investment advice Share and like if you find this useful. All links are below this...

08:53

SteveNixon

My nature doesn't allow me to be bombastic about being correct but I was right across the board on Friday. Last week I was calling the dollar short along with the stock markets. I also called all safe havens long Silver, Gold, Yen, Swiss Franc. On Friday afternoon everyone of my calls worked out. So what next. We wait for bearish (bullish depending on the...

14:09

SteveNixon

Powell speaks today at Jackson Hole so the market is waiting to see what he has to say about the US economy and more importantly interest rates. Here I give my outlook on what may happen and how to take advantage of any moves. This is not investment advice Please share, like and follow if you find this useful All links below Steve Nixon logicfxtrading

18:05

SteveNixon

Today I have changed tack from my usual Summary. I have focused on an analysis of the major stock markets and presented the evidence which I think points to a deeper correction. This is not investment advice Please follow, share and like if you find this useful All my links can be found below this chart Comments and questions are welcome Steve Nixon logicfxtrading

16:09

SteveNixon

Here I discuss my long term analysis for the world economy and where the opportunities may present themselves. This is not investment advice Questions are welcome Please share and like if you find this useful All links below follow for more info and updates Steve Nixon logicfxtrading

09:25

SteveNixon

Yesterday while I was writing the description the stock markets all started moving long and safe havens moved short. At the time I didn't know why so today I have explained what happened and what I think is going to happen next. This is not investment advice Please share and like if you find this useful All links below Steve Nixon logicfxtrading

12:50

SteveNixon Updated 

The dollar index is still in the flat correction we saw last week. The good CPI figures we saw today haven't had much effect so far. I still think it will break short but only time will tell. As I write money is leaving Safe havens and going into the stock markets. Gold Silver Yen and Swiss franc are all pulling back and the stock markets are moving long. This may...

09:32

SteveNixon

While the dollar is resting I've been looking at opportunities elsewhere and no place better than GBP. Today's UK GDP has come in at 1.2% down from 1.8% last time. Given that the UK is preparing for a No deal Brexit and the EU are refusing to re enter negotiations I can only see down side for the Pound. Naturally we have to find suitable currencies to trade...

07:26

SteveNixon

Looks like a snow day in the markets. After the excitement of this last week we seem to in a holding pattern. None this less don't take you eye of the charts as the next big move could come a the drop of a Tweet. On the higher time frame I'm SHORT USD, GBP, NZD, Oil, All stock markets This is not investment advice Please share and like if you find this useful....

09:58

SteveNixon

There's a lot going on at the moment between the US and China which is in turn increasing the race to the bottom so far as interest rates are concerned. New Zealand is the latest country to announce loosening of money supply with a huge 50 basis point rate cut. They are even talking about zero interest rates, expect AUS to do something similar. The Stock markets...