GBPUSD SHORT: USA SERVICES PMI HIGHER THAN EXPECTEDS&P global Services PMI 57.0 versus 55.2 estimates. Looking to short this pair.
Analysis
SHOCKING! 40% tariffs on Chinese imports!According to a survey of economists by Reuters, the U.S. is considering imposing nearly 40% tariffs on Chinese imports early next year. Such measures could slow the growth of the world’s second-largest economy by 1%. Economists polled by the publication, both Democrats and Republicans, believe these changes will trigger massive disruptions in the U.S. and global economies, surpassing the impact of the trade wars during Trump’s first term. They warn this could ignite a “global trade war.”
During his presidential campaign, Donald Trump promised significant tariffs on Chinese goods as part of his “America First” trade policy. These potential tariffs, much higher than the 7.5%-25% rates of his first term, come at a vulnerable time for China’s economy, which is grappling with a prolonged real estate slump, debt risks, and weak domestic demand. Most economists predict Trump will impose the tariffs in early 2025, with an average estimate of 38% and projections ranging from 15% to 60%. These tariffs are expected to reduce China’s economic growth in 2025 by about 0.5-1.0 percentage points.
What could Trump’s policy lead to?
Chinese indexes: Chinese stock indexes like #ChinaA50 and the Hang Seng Index (#HSI) are expected to face downward pressure.
Chinese corporations: Key sectors such as electronics, automotive, and textiles—heavily reliant on exports to the U.S.—are likely to suffer the most. Major Chinese corporations, including #Alibaba and other leading players, could see their stock values decline. U.S. Indexes: American indexes like #SP500 and Dow Jones (#DJI30) might experience short-term volatility. Tariffs will raise costs for U.S. companies dependent on Chinese supplies, such as those in tech, automotive, and consumer goods sectors—companies like #Apple, #Tesla, and #Nike may face increased production costs. This could reduce profitability and potentially lead to stock corrections.
In the long term, however, the U.S. might benefit from the trade war, as it could boost domestic production, positively impacting American manufacturing stocks. FreshForex analysts predict a growth phase to begin in late Q1 2025 . At the same time, on November 14, investors sharply increased short positions in Asian currencies following Trump’s tariff announcements.
Sell GBP/CHF Bearish ChannelThe GBP/CHF pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1186, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1110
2nd Support – 1.1072
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Best Regards, KABHI FOREX TRADING
Thank you.
Fundamental Market Analysis for November 22, 2024 USDJPYHigher market sentiment and rising US bond yields are limiting the rise of the low-yielding yen.
The US Dollar is holding near its highest level in the last year and is providing support to the USD/JPY pair.
The Japanese Yen (JPY) attracted buying for the second day in a row following the release of slightly better-than-expected Japanese consumer inflation data. This came amid statements released on Thursday by Bank of Japan Governor Kazuo Ueda, which kept expectations of an interest rate hike in December. In addition, Japanese Prime Minister Shigeru Ishiba's 39 trillion yen economic stimulus package boosts the Yen and puts some pressure on the USD/JPY pair.
Nevertheless, the prevailing risk-on and higher US Treasury yields keep traders from aggressive bullish bets on the low-yielding Yen. Investors remain concerned that U.S. President Donald Trump's policies could lead to renewed inflation and force the Federal Reserve (Fed) to slowly cut interest rates. This has been a key factor in the recent rise in US bond yields, which has kept the US Dollar (USD) near yearly highs and provided support to the USD/JPY pair.
Trade recommendation: Watch the level of 154.00, trading mainly with Buy orders.
HolderStat | BTC before reaching 100k🔥 Bitcoin above $98,000
MicroStrategy acquired 51,780 BTC worth $4.6 billion 💰
Bitcoin has surpassed the British pound sterling (GBP) in terms of capitalization 👍
Nasdaq opened trading in options on spot BTC-ETFs.
Polish presidential candidate Slawomir Mentzen has announced his intentions to create a strategic bitcoin reserve should he win the election.
Co-founder of Paradigm, Matt Huang believes that the race of countries to create sovereign BTC reserves is starting 🏦
📈 In the US, bitcoin, cryptocurrency and memcoins dominate among the most popular “how to buy” queries on Google.
SEC chief Gary Gensler to retire Jan. 20, 2025 🖐️
Analyzing the wallets we tracked led us to the following conclusions 👇
💡 While the price continued to rise, wallets stopped conducting transactions, the average price of sales and purchases for the week remained around $91,000. This means that traders expect the price volatility to increase.
#SNX. Great entry point and upside potential. 11/21/24Synthetix Network Token (SNX) is an Ethereum-based token powering the decentralized protocol for issuing synthetic assets, Synthetix.
Synthetic assets are created when SNX token holders provide them as collateral using Mintr, a decentralized application for interacting with Synthetix contracts.
Currently, the protocol supports synthetic fiat currencies, cryptocurrencies, and commodities.
The situation is similar to #DYDX. The token is in a sideways trend and near the lower boundary. Buying at current levels up to $1.22 is a reasonable idea for spot trading. The nearest target is $3.144. On spot, you can easily achieve at least a 2x return.
#DYDX 4H. X2 Potential. 11/21/24The coin is in a sideways trend and near the lower boundary. If not now, then when to enter a position? Personally, I can’t give advice, as the best opportunity was yesterday, and the second-best opportunity is today.
From the current levels to $0.9, it’s quite reasonable to accumulate on spot. The nearest target is $1.8. You can easily take at least 2x on spot.
Fundamental Market Analysis for November 21, 2024 GBPUSDThe GBP/USD pair declined to 1.26500 during Asian trading on Thursday. This decline can be attributed to the weakening of the US dollar (USD). The US Dollar Index (DXY), which measures the value of the dollar against six major peers, is holding near 106.50 at the time of writing.
However, downside risk to the US Dollar may be limited due to cautious remarks from Federal Reserve (Fed) officials. Boston Fed President Susan Collins said on Wednesday that while further interest rate cuts are necessary, policymakers should proceed cautiously to avoid moving too fast or too slow, Bloomberg reported.
Meanwhile, Fed Chair Michelle Bowman emphasized that inflation has remained elevated over the past few months and stressed the need for the Fed to take a cautious approach to rate cuts.
The Reuters poll showed that nearly 90% of economists (94 out of 106) expect a 25 bps rate cut in December, which would bring the federal funds rate down to 4.25-4.50%. Economists forecast a slower rate cut in 2025 due to the risk of higher inflation as a result of President-elect Trump's policies. The federal funds rate is forecast to be 3.50-3.75% by the end of 2025, 50 bps above last month's forecast.
GBP/USD's upside potential seems restrained due to safe-haven flows amid the escalating conflict between Russia and Ukraine. On Wednesday, Ukraine fired a salvo of British Storm Shadow cruise missiles into Russian territory, marking the latest use of Western weapons against Russian targets. This came after Ukraine used U.S. ATACMS missiles the previous day.
Trading recommendation: Trade mainly with Sell orders from the current price level.
Buy AUD/JPY Bullish ChannelThe AUD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 101.04, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 101.94
2nd Support – 102.54
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Sell NZD/CAD Triangle BreakoutThe NZD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8240
Target Levels:
1st Support – 0.8210
2nd Support – 0.8195
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GBPCHF Short Could be potential opportunities for shorts from these supply zones above price on GBP/CHF to trade back down into the equal lows
#DOGE 1H. Sideways movement and potential entry point. 11/20/24Elon Musk continues to actively support and promote this cryptocurrency, mentioning it in various contexts (e.g., tweets, interviews, news, etc.), which can influence the coin's price.
After a sharp price increase (a strong impulse), I expect its value to stabilize and remain at the same level for some time (sideways movement, as we see now).
Personally, I will wait for the right moment to open a long position around $0.322, which is considered a key entry zone due to its high-volume level (many pending orders, strong buyer presence).
Nightly $SPX / $SPY Predictions for 11.20.2024🔮
⏰10:30am
Crude Oil Inventories
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
NZD/USD price action: kiwi faces challenges amid dovish RBNZThe US Dollar Index retains its overall strength at 106.3, softened slightly by geopolitical tensions, impacting global markets and trade. Meanwhile, NZD/USD trades at 0.58744, under pressure as RBNZ considers more rate cuts amid low inflation and economic adjustments. Continued USD strength challenges NZ exports, while kiwi's future hinges on RBNZ decisions and US policy shifts. #Forex #USD #NZD #TradingView
NZD/CAD Buy Opportunity Our market update already hit TP on NZD/CAD before with the sell position, which played out well. Now, we're shifting gears with a BUY possibility!
Entry: 0.82530
Take Profit: 0.84505
Stop Loss: 0.81089
This setup is based on a careful analysis of the current market conditions. As always, trade responsibly and manage your risk wisely! This is not financial advice.
$EIGEN/USDT: Falling Wedge Breakout – Ready to Surge!$EIGEN/USDT: Bullish Setup 🚀
EIGEN has broken out of a falling wedge pattern on the 30-minute chart, a bullish reversal structure. The breakout is supported by strong volume, and the price is now retesting the breakout level. If the retest holds, it could trigger a strong upward move. 📈
📌 Entry Point: CMP (~$2.43)
📈 Add-on Zones: $2.30–$2.25 for retests.
🎯 Targets:
- $2.80
- $3.20
- $3.60 (Major Target)
⛔️ Stop Loss: $2.30 to minimize downside risk.
⚖️ Leverage Advice: Use leverage between 2x–5x based on risk tolerance.
#EIGEN #Crypto #BullRun
Sensex Support and Resistance Levels For 21st Nov 2024I’ve created a chart highlighting the key support and resistance levels for #sensex, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BankNifty Support and Resistance Levels For 21st Nov 2024I’ve created a chart highlighting the key support and resistance levels for #BankNifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
Nifty Support and Resistance Levels For 21st Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Nifty, designed to help traders make informed decisions.
These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points.
Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence.
Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
