TradersWars

TradersWars

Today markets mixed without a clear direction. However, we are bullish on the AUD and NZD after Governor Philip Low from the Bank of Australia (RBA) saying that the currency's recent rise was not a problem and that the impact of the second wave of coronavirus would not be harmful as first feared. We are bearish on the safe-haven currencies (USD, JPY, and CHF) due...

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Our outlook for the British Pound (GBP) remains bearish due to the Bank of England could expand the quantitative easing. On the other side, we are bullish on the safe-haven currencies primarily on the Yen (JPY) thanks to an increase in new coronavirus cases in some U.S. states and China, crushing hopes of a swift world economic comeback from the pandemic.

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We are attempting to go long on the Gold (XAU) as the FOMC won't change its rates until 2022, which is very low. The massive stimulus measures tend to support gold, which is often considered a hedge against inflation and currency debasement.

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Today we are bullish on the U.S.'s stocks due to the global recovery hope and the surprise non-farm payroll data. Therefore, we are attempting to go long on the US30.

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We are bearish on the Gold (XAU) as risk sentiment improved on hopes of a recovery from a coronavirus-driven economic drop.

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We are bullish on Yen (JPY) as investors fear raised over the global recession. However, we are attempting to go short on the Canadian Dollar (CAD) owing to the enormous Oil crash.

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We are trying to go short in USD (Dollar) as coronavirus fallout lifts rate cut expectations. On the other side, we remain bullish in safe-havens currencies, especially the JPY (Yen), as the pandemic fears grow.

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We stay bullish on Gold due to the fear virus will hurt global economic growth.

TradersWars

We stay bearish on the Australian Dollar due to unemployment data remained disappointing. On the other side, we remain bullish on the Dollar as the increasing safe-haven of opportunity amid the coronavirus uncertainty.

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We are bullish on CAD due to the overall positive tone and strength in Oil price; the CPI data bet the forecast. However, we are bearish on Yen owing to China's stimulus hopes and the drop in new virus cases.

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We are bullish on gold as apple's virus warning lifts safety demand.

TradersWars

We are bearish on the Australian Dollar due to investor's concerns regarding the economic costs caused by the novel COVID-19 in Asia. Also, RBA was dovish in its February minutes. In other matters, due tomorrow, analysts expect Australia's unemployment rate would rise from 5.1% to 5.2%.

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GBP is bearish due to Bank of England rate cut risks is rasing owing to the data of the GDP MM was much worse than the forecast (Forecast: 0.0%, Actual: -0.3%), and its inflation fell below levels that were not expected. However, we are bullish on CHF after United Sates adds Switzerland to the currency manipulator watchlist. Download the mobile app Investtool, a...

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GBP is bearish due to Bank of England rate cut risks is rasing and the data of the GDP MM was much worse than the forecast (Forecast: 0.0%, Actual: -0.3%). However, we are bullish on CAD after the strong employment data revealed last Friday. Download the mobile app Investtool, a tool that helps you to make better decisions when its time to trade.

TradersWars

Excellent opportunity to go long with trend lines Do you want to improve and be more confident with your trading? Download the mobile app Investtool, a tool that helps you to take better decisions when is time to trade.

TradersWars

Excellent opportunity to go short with trend lines Do you want to improve and be more confident with your trading? Download the mobile app Investtool, a tool that helps you to take better decisions when is time to trade.

TradersWars

WE ARE LONG IN AUDJPY AFTER U.S. NEGOTIATORS OFFER TO CANCEL NEW CHINA TARIFFS SET TO TAKE EFFECT ON DEC. 15

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To identify a bull trend, the price should make highs highs and highs lows. The break of a high high is a confirmation that the price is in a bull trend. If you want to improve your trading and be more consistent with your profits, dowland the movil app Investtool investtool.app investtool.app