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Brexit

ORBEX: GBPCHF, AUDJPY - Tradetalk & Brexit Signals Mixed! In today's #marketinsights video recording I analyse #gbpchf and #audjpy minors! Both pairs are showing an identical pattern and are indeed influenced by: AUDJPY - Tradewar tensions but latest from positive developments on the back of a potential partial deal Chinese are willing to do - Positive Home Loans in AU and negative BoJ Corporate Goods Price Index figures GBPCHF - Blury Brexit developments with the risk of an election following an extension increasing - UK-EU talks not looking good despite EU announcing otherwise Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
AUDCAD Short Term Trade (1:2.67 Risk to Reward)HELLO EVERYONE, Coming to Analysis of AUDCAD : --Price has rejected the demand zone clearly after the stops were taken, and also completed the retracement to 23.6% fib, expecting a ABC Move from here. --Currently I am looking for a short term trade here, will post a new chart for Swing Trade Idea. --Expecting to take entry at 0.89850 with a Risk to Reward ratio (1: 2.67). --The Targets have been defined over Critical Demand/Supply zone to ensure accuracy over the targets. COMMENTS ARE WELCOME >. . To get in touch or our services, please DM.
by AnuragJaiswal
On current market fears, Brexit failure and oil purchasesThis week, markets have completely focused on the negotiation process between the US and China. We will closely monitor as well as the dynamics of safe-haven assets, which fully correlates with a market statement regarding the outcome of the negotiations. It is already obvious that the success of negotiations would affect gold - a decline in the are of 1420 +/- seems very likely. But the failure in the negotiations process with a high probability will end with a re-test of the highs of the beginning of September, that is, 1550. It is difficult to say which variant is more likely. Yesterday, the markets supported the second one. This was evidenced by the dynamics of safe-haven assets, the VIX Fear Index and the general news background - the parties took quite similar positions and whether they can get a compromise is not yet clear. This refers to the news that the US blacklisted 8 Chinese companies, and China in response promised to take the same measures. In general, not the best background for successful negotiations. Total: the situation is developing, but it is extremely favourable for trade in gold and the Japanese yen. Patience and approach from good points practically guarantee earnings. As for the direction, we tend to buy both gold and the Japanese yen. But once again we note: purchases are relevant in the absence of fundamental contraindications. If there is news of a breakthrough in negotiations appears, purchases should be postponed at least until the details are clarified. In addition to the United States and China, the EU and the United Kingdom exchange mutual claims. The negotiation process is also far from a successful end and there is a chance that it would lead to paralysis. Johnson is infuriating the EU. And his last call Merkel, for many created the feeling that there would be no deal. But we continue to believe in common sense and the victory of global economic interests over local personal ambitions. Also, Johnson's failure to make a deal does not mean an automatic exit without a deal. Recall, Parliament obligated him to ask for a postponement if the deal was not agreed before October 17. So the purchase of the pound after yesterday did not become hopeless. Rather the magnitude of risks per position decreased, while profits increased. In the oil market, WTI prices meanwhile have come to basic support around 51.20. Although we are medium-term oil bears, buying with current prices seems like a good deal. The stops - below 51, but the profit set up in the area of 56 (if the correction begins, then this will be its minimum goal). But again, we’ll warn you f breakdown of negotiations between the US and China could hit oil value - in this case, support 51.20 will not stand. So we are acting with an eye on the news background.
Short
by Trade24Fx
ORBEX: Gold, Oil: Affected by Trump, BoJo, Powell!In today's #marketinsights video recording I analyse #wti #oil and #gold Gold and Oil affected by (what moves gold up, weakens oil): - Tradewar tensions after Trump imposed visa restrictions to Chinese officials - A worsening growth outlook for global economies - Potential early election in the UK as hopes of Oct resolution fade away - Fed's short-term bond purchase expansion to credit banks (not QE) Oil also affected by: - Poor API but was offset by Equador disruptions - Tradewar anxiety ahead f Thursday talk resumption Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:XAUUSD
by Orbex
EURUSD Falling Towards Major SupportThe EURUSD has been on a decline since February 2018 and appears as though it may continue its descent towards the major support level at 1.0462. Brexit may have a part to play in the decline but whether it does or not, we want to pay attention to the charts because the charts do not lie. The December 2016 low to the February 2018 high is a 100% Fib Extension of the July 2012 low to the May 2014 high. After hitting the Fib Extension price started to move back to the downside. Although we have seen a 12% drop in price since February 2018, price is still within a 4+ year period of consolidation. Even if we do see price make contact with the major support level at 1.0462, a breakout is not guaranteed. Price may bounce off support and continue to consolidate for much longer. What we do know is that the longer price consolidates for, the bigger the move we can expect in the direction of the breakout. 4 years is a really long time for price to consolidate, so a break below support may see a big trend emerge which may even be larger than the 25% decline we saw in 2014/2015. Remember that round numbers (RN) are also support/resistance zones and we have the 1.0000 RN 462 points below the major support level, but a strong trend will make light work of this RN. A death cross occurred in August 2019 which is a sign of potential weakness to come. It is now a waiting game to see how price behaves over the coming days and weeks. If we see a break of support at 1.0462 then we will start to consider shorting opportunities. As always, keep it simple, keep it Sublime.
Short
by Sublime_Trading
6
Brexit uncertainty. Short GBPUSDBoris Johnson's Plan A can be said to have almost failed. Plan B seems to be the same. It seems that England's unremarkable withdrawal from the EU without a deal, or the postponement of Brexit, awaits us. The second is more likely. On October 3, GBPUSD had an interesting activity that forced sellers to absorb the entire upward price movement. Suppose there is an interest of market participants. And that interest is clear. We look forward to a decline in GBPUSD. The idea is positional and will be moderated in the course of implementation.
Short
by YuraM
US and China getting ready for negotiations, Brexit stuckU.S.-China trade talks kick off again this week. Negotiations between the United States and China are set to begin on Thursday. China is not going to reform industrial policies or government subsidies, that is, wanted to continue to ensure the competitiveness of its products by any means, including not very honest ones. Trump said that any agreed deal would be a 100% victory for the United States. Despite the fact that the US negotiating position is deteriorating every day (the US economy is signalling a slowdown, which is the result of the trade war, which means that the United States are interested in the deal), and the impeachment procedure does not contribute Trump to growth of his bravado and aggression in the negotiations. So the outcome of the negotiations does not seem predictable. As for the state of the world economy and the US economy, in particular, it is worth noting information about the upcoming personnel retrenchment in HSBC (up to 10,000 jobs), as well as the news that General Electric will freeze pensions for 20,000 workers. All these are extremely unpleasant signals. Recall, dollar sales remain our basic trading idea. At least this week. Our recommendation is to buy gold and the Japanese yen, despite their yesterday's decline, remain relevant. Today's entry points are close to ideal ones. Entering positions is necessary consciously, taking into account the fundamental background at that time, and also do not forget about the stops. These positions are good and prospective, but the fundamental background to relax. Any news on negotiations between the US and China will provoke a sale of gold - keep in mind. Another promising position, in our opinion, is the purchase of the British pound. A version of the agreement from Johnson was rejected by the EU and essentially sent for rework. On the one hand, the very fact of substantive negotiations suggests that the parties intend to conclude a deal. And on the other, Johnson is unpredictable. However, we believe in common sense, as well as the British Parliament, and advise to take advantage of the current uncertainty for purchases of the still cheap pound. Until October 31 (the deadline for Britain to exit the EU) there is not much time left.
FX:XAUUSDLong
by Trade24Fx
GBPUSD: LONG [D] [10/07]GBPUSD | Weak | 1.3400 – 1.2000 - Prime Minister Boris Johnson is in the hot seat and needs to bring certainty to the markets on Brexit. - Brexit put downward pressure on GBP and uncertainty remains on its outcome. - GBP is supported above 1.2000. PM Johnson’s Brexit comments resonated with his European counterparts and has brought short term strength back into CABLE. - Key SELL area 1.2740/1.2670 R70 Subscribe AutoUFOs: www.tradewithufos.com Twitter: www.twitter.com YouTube Get Togethers: www.youtube.com Get Together Schedule: www.tradewithufos.com Community: www.tradewithufos.com Facebook: www.facebook.com LinkedIn: www.linkedin.com
Long
by andrew.han
EURGBP: Updated Trading Plan this is the update for my previous trading plan on EURGBP. The lower boundary of a flag has been adjusted. After multiple attempts to break above the 0.892 level the market is still standing below the identified resistance. My bias remains bearish and I am waiting for a bearish violation of a flag. Targets have been also adjusted: Instead of having two targets, now I have only one target level 0.882. Stop will be above the resistance. Good luck!
Short
by VasilyTrader
4
GBPNZD WILL FALL!!! HERE IS WHY! hey traders, I was paying close attention to GBPNZD these last two weeks. The reason is that the pair has recently approached a 2019's high and was strongly rejected. Sellers have been pushing the market to the support line of a rising channel and we see the complete reluctance of buyers to open long trades on dip, so the market has set a lower high. Now the market has recently violated the boundaries of a channel and we see a rise in selling volumes. + taking into account the historical perspective we see how similar the sentiment was this spring. based on these observations my bias on pair is bearish and I expect bearish continuation to lower structure levels. Target levels are 1.95 and 1.88 *if you like this idea, please, like it and leave a comment! thanks :)
Short
by VasilyTrader
1