$CNGDPQQ -China's GDP (QoQ)ECONOMICS:CNGDPQQ (Q2/2024)
- The Chinese economy expanded 4.7% yoy in Q2 2024, missing market forecasts of 5.1% and slowing from a 5.3% growth in Q1.
It was the weakest advance since Q1 2023, amid a persistent property downturn, weak domestic demand, falling yuan, and trade frictions with the West.
In June, retail sales rose the least in near 1-1/2 years while industrial output growth was at a 3-month low.
Analysis
Still bull on longer horizon..but waitTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Will still be bias on the long side, will take some long next week if i see change of trend coming.So far lower timeframe suggest that it still might go lower.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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USD more bear side,but watch the key levelTradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
At a key high timeframe level, do watch out for potential bounce before going short.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
Rebound on gold zoneTrend (LT): Bullish above the 200 SMA
Trend (CT/MT): Bearish below EMA 7 / SMA 20
Price bounced back to SMA 200, plus stabilization in gold zone (neutral)
ROB Breakout Monitoring
Wait for potential crossover of EMA 7 with SMA 20
Buying above 47.29/47.30 (approximately)
(13% at stake if successful)
The stop loss (SL) position will depend on the candle pattern.
No sales for me.
It is important to note that this analysis is a personal interpretation and does not constitute an investment recommendation.
In your opinion, direction SOUTH or north?
SGX: CY6U Capitaland India Trust AnalysisDisclosure: As of 07/12/2024 I have no open position in SGX: CY6U
Capitaland India Trust is a REIT (Real Estate Investment Trust) that invests in commercial real estate across India.
They invest in office, data center, and logistics properties. Their portfolio is diversified across 5 major cities in India. In order of exposure: Hyderabad, Bangalor, Chennai, Pune, and Mumbai.
One risk to be aware of is the currency fluctuations of INR to SGD as well as the currency in you home country may affect returns. The company is highly profitable and looks to have manageable debt positions. Their debt is based in both SGD and INR.
The largest tenant of CY6U is Tata Consultancy Services, making up a total of 12% of base rents. The next largest are Infosys and Amazon at 6% and 4% respectively.
The company has a strong record of performance both in terms of profitability and return on investment. Debt levels appear to be manageable and management very competent.
***Please Note: Debt to equity shown in the chart is out of date. Check most recent reports on CY6U investor relations for current debt levels***
The company is currently trading below book value and has a P/E of less than 10. With a dividend yield of 6% you have an earnings and dividend return of 15%. This is not including any potential growth the company may experience in its earnings or asset value.
Summary: Capitaland India Trust seems to be a quality company that is likely undervalued. Potentially due to the fact it is listed in Singapore as opposed to in India. Considering the growth in India buying this high quality assets below book value looks very appealing. I will update with further research and if I open a position.
usdjpydaily frame technical prediction.
after creating equal high strong bearish movment but as we see in the chart demand zone and the trend line been respected, as i draw clear line on the chart for shrting position i belive we must wait for a pull back to previous high 163.440, 164.100, 165.500 levels.
let me know what you all thinking leave a comment below share if you like the idea.
Fundamental Market Analysis for July 12, 2024 GBPUSDThe Pound-Dollar pair fluctuated between weak gains and minor losses around the 1.29000 mark during the Asian session on Friday and remains within striking distance of the yearly peak reached the previous day. The US Dollar (USD) is attracting some buyers on the back of a good rise in US Treasury yields and is moving away from the near three-month low reached the day before, which in turn acts as a headwind for GBP/USD. Meanwhile, weaker US consumer inflation data released on Thursday raised market bets on the imminent start of the Federal Reserve's (Fed) rate cut cycle in September. This could curb a significant rise in U.S. bond yields. In addition, the prevailing risk-on bias may deter traders from aggressively bullish bets on the safe-haven Dollar.
The British Pound (GBP), on the other hand, continues to receive support from data released on Thursday that the UK economy grew at a faster-than-expected 0.4% in May. This comes on the back of recent comments from Bank of England (BoE) policymakers that dashed hopes of a rate cut in August. On Wednesday, Bank of England MPC member Catherine Mann said that until there is a slowdown in service price growth, she would not advocate an interest rate cut. To add to this, Hugh Pill, the Bank of England's chief economist, noted that there is still some work to be done before the domestic permanent component of inflation disappears.
The aforementioned fundamental backdrop seems to be leaning in favor of the bulls and suggests that the path of least resistance for the GBP/USD pair lies to the upside. Thus, any significant corrective decline could still be seen as a buying opportunity and is likely to remain limited. Nevertheless, spot prices remain on track to end a third consecutive week in the green. Traders now await the release of the US Producer Price Index (PPI) and the University of Michigan Consumer Sentiment Survey due later in the North American session, looking for short-term opportunities on the last day of the week.
Trading recommendation: Trade predominantly with Buy orders from the current price level.
USD/CAD Triangle BreakoutThe USD/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 1.3630
Target Levels:
1st Support – 1.3592
2nd Support – 1.3572
Stop-Loss: To manage risk, place a stop-loss order above 1.3650. This helps limit potential losses if the price falls back unexpectedly.
Thank you
$USIRYY -CPI# *M print (post AA+)- Awaiting CPI# numbers readings for ECONOMICS:USIRYY on August 10th (today) post US being Down-Graded to AA +.
While on the 9th of August ECONOMICS:CNIRYY came deflationary on the other side of the world
Consensus sits at 3.1% (0.1% increase) and some to 0.3% increase at 3.3% for ECONOMICS:USIRYY
Economists forecast Inflation rising up again on a steady pace
for the rest of 2023 and the entering of 2024 for coming down YoY from 9.1% to 3%
On the last ECONOMICS:USINTR Rate Hike Decisions following a Month of Breath,
our pal,
Jerome Powell stated during his speech regarding Fed's seeing
inflation coming up on months to come not being total uder control.
This was aswell one of many reasons they didn't felt
confident to stop the Rate Hiking .
He aswell stated that Federal Reserve does not see Inflation coming down to their
Target Norm of 2% CPI by 2025, and they fimrly prompt a 'Soft Landing'.
How about another joke, Powell !
It's not about Money ,
its about sending a Message .
Everything Burn ...
TRADE SAFE
*** Note that this is not Financial Advice
Please do your own research and consult your own financial advisor
before partaking on any trading activity based solely on this idea.
CDSL | Flagpole | NSDL Files for IPO
• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL.
(We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.)
Now CDSL:
• In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of which is already done.
• The 1000 level + 50% Fibo level provided support during its momentum.
• Volumes increased during the rally, which is a positive sign.
• It faces a crucial resistance zone the break and sustenance of which will be necessary.
• Now if you are worried about the funds flowing to NSDL, Remember what happened to BSE when NSE announced its IPO – it literally doubled in value. NSDL's valuation will play a crucial role in boosting CDSL's momentum.
• Duopolies, like Ola and Uber, Airtel and Jio, Swiggy and Zomato, Amazon and Flipkart, tend to fare well. CDSL and NSDL too can coexist.
• Do you know who else can and must Coexist? YOU and WE! Follow us for such interesting Case studies.
Have Insights or Questions? Let us know in the comments below.👇
While you do that, how about a boost for some motivation 🚀
⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
R2F Weekly Analysis - 8th July 2024 (ICT Concepts)Welcome to another R2F Weekly Market Analysis using ICT Concepts along with my own discoveries. I'm going to go through various assets/markets, and give a real-time view of how I perform my analysis on the weekends. I'll give my take on what has been happening, and what I'm expecting in either the coming days, weeks, or months. Without further ado, let's get into it!
My short-term bias for DXY has switched to bearish. I am looking for a possible lower move on the Dollar Index this week, which should offer some shorts on EURUSD and GBPUSD, the pairs I usually trade. Check out my analysis in the video. I hope you found it insightful.
- R2F
EUR-USD Key Levels! Analysis!
Hello,Traders!
EUR-USD surged up from
The horizontal support
Of 1.0667 and is about
To retest a weak horizontal
Resistance of 1.0851
If it gets broken the pair
Will go up and hit a
Second horizontal resistance
Which is a stronger level
At around 1.0920
Analysis!
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GOLD Key Levels! Analysis!
Hello,Traders!
GOLD is moving down
From the horizontal resistance 1
Of around 2,390$ towards the
Horizontal support level of 2,290$
Which constitute a local range
However, should the first resistance
Be broken the next resistance
Is nearby at around 2,450$
Analysis!
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Check out other forecasts below too!
XAUUSD Gold Market Analysis: Weekly Overview
Fundamentals
Gold Price Movement: Last week's trading saw gold prices align with our expectations. Following the release of nonfarm payroll data, where the unemployment rate exceeded market forecasts, gold prices climbed above the June 7 high of $2,387 towards the end of the week.
Nonfarm Payroll Data: The June US nonfarm payroll report showed a slight increase in new jobs, surpassing expectations. However, revisions to April and May figures indicated a decrease of 111,000 jobs. The unemployment rate rose to 4.1%, higher than both previous and anticipated values, suggesting a cooling US labor market and increasing investor expectations for a September rate cut.
Interest Rate Expectations: Interest rate observation tools indicate over an 80% probability of a September rate cut, with expectations of two cuts this year. This has driven down US bond yields, favorably impacting gold prices. Given the high nominal and real interest rates, a rate cut would strongly support gold price momentum.
Market Liquidity: Despite last week's strong rebound, further upward movement for gold may be limited due to ongoing low liquidity conditions, which could persist into this week.
Technical Analysis
Resistance and Support Levels: The "head and shoulders" pattern led gold prices to touch the resistance range of $2,370-$2,390 last week, as anticipated. The completion of this pattern, along with oscillator signals, suggests a potential market decline.
Relative Strength Index (RSI): The RSI is turning downward at the neutral level of 50.
Stochastic Oscillator: The Stochastic Oscillator is smoothing in the overbought region.
Key Support Levels:
50-day SMA: $2,346
20-day SMA: $2,333
A break below these levels could lead gold prices to retreat to the neckline at the $2,300 range and potentially test the lower limit of the trading range at $2,276.
Key Resistance Levels:
Immediate Resistance: $2,370-$2,390
Psychological Barrier: $2,400
A successful close above $2,386 would accelerate the testing of the $2,400 psychological barrier.
Market Outlook: While the recent rise in gold prices has rekindled bullish hopes, breaking above or below the current range in the short term appears premature. We expect a broad range of volatile trading patterns to continue throughout the summer, with a primary strategy of buying low and selling high.
This analysis aims to provide a comprehensive and professional overview of the current gold market, highlighting key fundamentals and technical factors influencing price movements
BOOST US COMMENT YOUR IDEAS FOLLOW US
I think it might be safe to sell soon (temporarily, at least)
If we look to the left, gold would have completely reversed the move it created last week Friday for NFP. Thus gold has now gone somewhat bearish which means sellers are interested.
If you look at the area circled (in purple) there would have been sellers interested at that level.
Gold literally just took out that area.
Any sellers who had sold around the circled area would have likely had stops above that level and now would be no more.
HOWEVER,
The reason I said it may be safe to sell (SOON) is because of this, the fact that price is coming back up again, if it were safe to sell, it wouldn't be coming back up to give traders a better opportunity to sell.
Due to this I'd be extra careful of selling OR buying at this time.
Historically Warm Weather to Support Natural Gas PricesAfter the second quarter relief rally and the five-month peak, Natural Gas registered a four-week decline. This has shifted bias to the downside again, creating scope for further losses towards 1.940. However, a look at the daily chart shows that NGAS tries to react at the lower border of the Ichimoku Cloud. Furthermore, a Golden Cross (EMA50 crossing above the EMA200) has been formed, which is often viewed as a precursor of sustained growth.
This technical formation compliments the favorable fundamentals, as demand is set to increase this year, while key drillers lower their activity. Although the world shifts to renewables, Natural Gas is seen a bridge fuel facilitating this transition. Furthermore, it is heavily used in electricity generation, being the top source in the US and No2 globally. June was the thirteenth straight month of record high temperatures according to Copernicus, which can provide another tailwind for energy demand during the summer months. This in turn can increase Natural gas consumption and support prices.
As a result, NGAS can reclaim the EMA200 that would give control to the bulls and the ability to push for the June peak (3.164). The upside contains multiple technical roadblocks though and there are risks to the upbeat supply-demand dynamics.
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Past Performance is not an indicator of future results.
Fundamental Market Analysis for July 09, 2024 GBPUSDThe Pound-Dollar pair briefly tested a fresh four-week high on Monday, rising above 1.28400 before broad market flows pushed cable back down to the week's opening prices just above 1.28000. UK data remains sparse this week, with traders' expectations facing an overly cautious Federal Reserve (Fed). Fed speakers are pushing for further signs that US inflation is easing to reach the Fed's 2% annual inflation target.
Fed Chairman Jerome Powell will make the first of two appearances this week when he presents the Fed's latest semi-annual monetary policy report to the U.S. Senate Banking Committee. Fed Chairman Powell will then repeat his appearance when he testifies before the US House Financial Services Committee on Wednesday.
Key US inflation data will be released later this week, with the Consumer Price Index (CPI) coming out on Thursday and the Wholesale Producer Price Index (PPI) on Friday. Traders hoping for further easing in inflation to push the Fed to cut rates sooner may be disappointed later in the week as the CPI and PPI inflation forecasts will either remain unchanged or rise slightly.
UK data is also limited this week, with various speeches from Bank of England (BoE) policymakers scheduled for Wednesday and the results of the industrial and manufacturing activity survey on Thursday. UK industrial and manufacturing output is expected to rise in May after a slight contraction in the previous month.
Trading recommendation: Watch the level of 1.28000, on the rebound take Buy positions. If we consolidate below, take Sell positions.