If Russia is financing the war with #Crypto these prices are set to fall forever! Record foreign currency reserves, low debt, and digital currencies have given Russia room to maneuver despite sanctions and probably Putin spent years preparing for international sanctions. The effectiveness of those measures is anything but certain, relying on a host of factors...
The pair is currently moving into the channel and above 105.500 due to the dollar trying to regain some ground after a mood for risk appetite. However, the reality of slowing economic data and rising virus cases around the world is an almost unavoidable and hard reality. About technical terms, this pair is struggling to keep an upward pressure because it's in...
Last week I've tried to post this chart, but then I switched off and forgot. As usual, I prefer to keep every single line and details on it. Pfizer and BioNTech announced positive efficacy results from their Phase 3, late-stage study of a potential COVID-19 vaccine. The vaccine candidate was found to be more than 90% effective in preventing COVID-19 in...
I didn't want to share any view before today, because we're currently living something I hope never to live again. Today we have a very important event, this presidential election is freaking me out due to some events my Tesla's model suggests. First of all, the markets are no longer driven by presidential expectations as the media is trying to show you because...
There's no surprises today. However, keep in mind this is the first rate cut in a decade, a modest and widely expected move that is meant to keep the economy healthy in the face of head winds from trade war between U.S and China and the slower global growth. Now, the problem is the word "healthy", because at the end of the day we're looking for more inflation and...
Copper is one of those commodities slapped by China and they want it all. Unfortunately, copper is at a crucial level where ould go even lower with a massive buying opportunity. Cream Live Trading
I love when the asset hit my targets but not with chances of war ahead. Cream Live Trading, Good Luck!
How is it possible? Emerging Markets are trying to catch the risk appetite of big investors and the dollar does not look bullish in the long run, so burritos could get hotter. Cream Live Trading
Lately, this commodity had being driven by fear, threats and uncertainty. The global demand for crude oil in 2019 is about 100.3 million barrels per day and for 2020 is expected an increasing trajectory of 101.6. Now, we have to consider that prices are indicating they may break out of their range if the hostilities in the Middle East escalate further, shale...
This pair had been such a great one for intraday trading but nice to let it run. Remember... Good things take time. Cream Live Trading
Sorry my fellows 'cause yesterday I was preparing this chart for you, but as you know the market is faster than my schedule, so it banged my chart before the chance of posting it. So, I'm posting it exactly how yesterday was. This stock isn't a big deal for me, but it looks nice for day trading. $48.99 is a nice target but an important level to support the price....
The dollar index is still strong compared to the other pairs, but nothing rational here at all. Everything is a mess, the debt is rising every single day, bonds aren't nice, the equity market is preparing for wild volatility and even haven assets are waiting for more fuel. What about the dollar? An old trick for investors, leading prices higher to let them drop,...
While the USDJPY is still walking through the channel, I left Florida and the lovely weather to start a new life out of the U.S. Basically, the pair didn't move as much as I did, and it will not do it as a fast burst up to the next week. The targets are the same at 106.883. I'll try to update some ideas as soon as possible. Good Luck! Learn how to beat the...
Gold is such a haven asset and this chart is showing exactly how the current market is doing so, and the risk appetite isn't so nice compared to Gold! Again, Don't blame the FED! This is because of Donald Trump and his trade war, so don't blame China either. However, the equity market is struggling to keep the prices as high as possible and not pricing in the...
Risk appetite reverses on trade escalation, again TRADE WAR ESCALATION , not because of the FED and its interest rates. However, we "the old traders" are keen on Jackson Hole speech. Now, just keep in mind the consumer sector is the hero of the U.S economy but with trade war in front of us, prices will rise and finally impact the consumer sector. What does it...
The last Earning Report was successful and surprising because they bit the forecast by 0.50. The stock is up 36% YTD, but while the markets are shaken by idiosyncratic and systematic risk, Microsoft is trying to bring the chipmaker NVDA technology to give Minecraft a graphic overhaul. Well, I don't play Minecraft but my 8-year old son loves it, so he's going to be...
We can see a rejection at 200-day MA (yellow line) but there's a clear direction for Cisco. $47.89 could be a nice target. However, this is not a call. Learn how to beat the market as Professional Trader with a Prop Trader! Be part of an Elite Trading Group. Have a Nice Trading Week! Cream Live Trading, Best Regards!
The Sterling is struggling with the Brexit and a new deal, but the interest rate won't help so much, in fact the free fall could break a very important level at 1.1917 and go thru 1.1344 and so at 1.1163. Calm down, that's the scenario if we break 1.1917 only. At the moment, this currency looks good but could turn boring at any time. Do you want to know more...