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Gdpusd

ISM Indices vs. GDP YoY% - Leading Economic IndicatorsBoth ISM Manufacturing Index and Non-Manufacturing Index vs. GDP YoY% for the US economy. ISM Manufacturing: Yellow ISM Non-Manufacturing: Blue GDP YoY%: Green/Red ISM Manufacturing currently signaling contraction with a level below 50 and the momentum seems lower. Non-Manufacturing Index is likely to follow the same path although currently signaling growth, but less than before. GDP YoY% could potentially experience a slow-down within the next 6 Months to a Year. The FED has being somewhat more Dovish on the latest speech, as they're seeing a negative outcome in keeping Interest Rates higher for much longer.
ECONOMICS:USBCOI
by Kels
GDP/USD SHORTWe posted a few hours ago a chart to show why we think the dxy will be bullish over the next few weeks. This can be a great opportunity to short an asset showing weakness against the dollar, such as the pound. GDP/USD in a perfect rising wedge where each higher high is increasingly marginal. The rounded top suggests lack of demand and when you couple this with bearish divergence you can clearly see that the buyers might be exhausted. You should wait for a breakdown in this situation to confirm. However we are going to position ourselves partially within the wedge as there is a clear bearish bias and the DXY is positioned perfectly for this trade. Also key to look for a marginally higher high again, that would indicate more weakness.
Short
by SynergyTradingSetups
2
GDPUSD Analyse avant la décision du taux d'intérêt par BoEAnalyse du marché avant la décision concernant le taux d'intérêt du BoE (interest rate décision) Une forte volatilité imminente. La tendance baissière avant la nouvelle peut s’expliquer par une opération de vidage du carnet d’ordre. Après que le prix aura atteint cette zone de demande, l’explosion à la hausse est très probable avec volatilité importante. Le prix pourrait atteindre 1.36500 (TP1) pour effectuer un pullback avant de reprendre sa route vers 1.37200 (TP2).
Long
by JodaAndria
QQQ Getting a *Little* ExpensiveIf we completely ignore the news, the graph of QQQ seems to be recovering quite nicely. For a technical trader it's extremely optimistic. Then, if you look at any sort of news, this trading at Jan 2020 levels seems absolutely insane. Both sides have good cases, but I am going to choose to ignore each of them. The indexes are beyond unpredictable right now (see GDP -4.8%, IXIC +3%) that my options trading is pivoting towards almost exclusively to singular companies - as opposed to my typical index/ETF trades. I hate to sit on the fence here, but anyone who says they know where this is going is ignoring half the data on either side. Good luck to all!
NASDAQ:QQQ
by blakeparr
4
Fite for Brexit: getting ready for hot SeptemberBe concern working with the pound. Boris Johnson's decision to shut down parliament for five weeks in order ... controversial plan to suspend the UK's parliament for five weeks. The Queen has approved an order to prorogue the UK Parliament. Boris Johnson seriously set his sights on leaving without a deal. Of course, there is a chance that this is just his attempt to strengthen his position in negotiations with the EU, well knowing Johnson’s temperament, we no longer exclude the most radical scenarios. The first week of September may be decisive for Brexit: time the opposition has to pass a law that does not allow an exit without a deal. Among other options - a vote of no confidence in the government, the dissolution of the Parliament and early elections. So, it will not be boring, pound volatility in September are guaranteed. For intraday trading, this is an opportunity to make money trading with pound pairs. So we will continue to monitor the development of events and will keep our readers informed of what is happening. Yesterday's US GDP data came out in line with forecasts: + 2.0% y / y. This means that the data has been revised downward. Statistics on the US labor market will be published, in particular, data on the NFP will be published next weak, a serious driver for a powerful dollar movement is not expected. Extremely weak figures were published on consumer inflation in Germany. In general, the concerns about one of the best Eurozone economy raises. Based on this, yesterday’s comments by the future head of the ECB, Michel Lagarde, that the ECB has tools to deal with the recession and should be prepared to use them if it is necessary. Against this background, we will continue to recommend avoiding buying euros against anything. But sales of it still seems to be a good trading idea. As for the trade war. The markets did not understand whether Trump was called from China or not. New tariffs for goods from China come into force on Monday. And this means that the trade war is not over. However, in September, the Chinese delegation should arrive in Washington so the chance to stop still exists. We will continue to look for points for buying gold and the Japanese yen on the intraday basis. Moreover, safe-haven assets today are something that worth to buy.
FX:XAUUSDLong
by Trade24Fx
1
GBP/USD Long - Return to the Point of ControlGBP is currently a hot topic, with Boris Johnson just in and the uncertainty of Brexit fear is running high. Are there parallels to Trump? The general narrative then (beware the seduction of narratives), was that if he got in the USD would tank, but it did the opposite. Will we see the same here? Let's have a look at the charts. Timeframes Monthly Weekly Daily ------------------------------------------------------------------------------ DISCLAIMER: this is not financial advice, trade at your own risk. ------------------------------------------------------------------------------
Long
by Jicka
USD bullishness didn’t spill over to the USD/JPY – GDP to help?On Friday, Forex traders will be focused on the new dataset covering the US economy for Q1/2019. In Q4 of last year, the US economy advanced at an annualized 2.2% on quarter, well below a 2.6% growth in the second estimate and compared to 3.4% in Q3/2018. So, the question will be whether this trend of pessimistic readings continues, and how the USD will react. While we would usually expect the USD to drop in response to negative readings below expectations of 2.1%, after the USD index future instead broke out to new yearly highs, currently about to attack 98.00 points. Bullish momentum is probably only temporarily interrupted, but strong enough for a technical reversal. That said, a reading above expectations could accelerate the move in the USD index future and result in a weekly close above 98.00 points. Interestingly enough, the USDJPY wasn't really able to profit from the USD bullishness. We only saw a short spike above 112 to near-highs, but no follow through. While a reading above expectations (> 2.1%) could certainly result in another attempt to sustainably break above 112.40 where further gains up to 114.50/115.00 become an option, a disappointing data set resulting in a stabilisation/corrective move in the USD could push the USD/JPY back towards 110.80/111.00 in the days to come.
by Admiral_Markets
1
US GDP data could hit the dollarThe dollar continues to consolidate at the top and can’t develop a corrective movement that has matured for a long time. In this regard, today's data on US GDP for the second quarter (preliminary) may well play the role of a trigger. On the one hand, the data is expected to be simply magnificent: according to different estimates, the growth rate will be 4.0-4.2%. For the largest economy in the world, this is a phenomenal result. The last time such rapid growth was observed in late 2014. There are reasons for such an impressive pace. This is the effect of the Trump tax reform, and the seasonal factor, and the overall good state of the US economy, and the potential positive effect for the US trade balance of the Trump trade wars. The dollar should only be bought on a such background. But we believe that everything is not so unambiguous. To begin with, the figure of 4% is already considered in the price and by and large the surprise does not bear. But any estimates below 4% may well provoke investors' disappointment and lead to local dollar sales. Are there any grounds for expecting weaker estimates? Judging by the fact that a few analysts just lowered their forecasts on the eve of the publication, they are there. Recall, one of the reasons for the sharp acceleration of GDP growth, the US was called the reduction in the US trade deficit because of Trump's protectionist policy. So yesterday, data on the US trade balance were published. Unexpectedly for many, the deficit not only did not decrease, but also grew quite sharply (from $ 64.85 billion it increased to - $ 68.33 billion). As a result, a few leading analysts lowered their forecasts (as a result, the median expectation dropped from 4.2% to 4.1%). For example, JP Morgan lowered its forecast from 4.4% to 3.9% (!). In our opinion, this is a very serious signal in favor of the fact that the dollar today may be subject to sales. Analysts' anxiety was caused both by the data on the trade balance and durable goods inventories. It is also not worth writing off Trump's factor - his recent attacks on the Fed (dissatisfaction with tight monetary policy), as well as a strong dollar worried investors and traders. And accordingly, several shook the groundl under the feet of the dollar. So, we continue to recommend selling the dollar while it's on the top. But at the same time, of course, do not forget to monitor the data.
TVC:DXYShort
by Trade24Fx
2