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The end of the positive, pressure on the pound & BoEThe US and China have signed documents for the first phase of the trade deal. It would seem that this has been expected for a very long time and this is an excellent occasion for a mass exodus from safe-haven assets and another injection of capital into risky assets. But it was not there. Gold yesterday was more than comfortable, and the Japanese yen in the foreign exchange market stopped pouring. The reason for this market behavior is that most US tariffs on Chinese goods will continue until the second phase of the agreement is signed. So, we can again recall the slowdown in the global economy as a result of trade wars, and the ghost of a global recession has become more tangible. In general, we continue to recommend the purchase of safe-haven assets. The inability of gold and Japanese yen sellers to use their main reason to intensify the decline in prices for safe-haven assets very clearly signals their weakness. Another pretty important event yesterday was the publication of inflation data from the UK. Unexpectedly, for most experts, inflation slowed to a three-year low (annual consumer price inflation in the UK fell to 1.3% in December from 1.5% in November). Considering that the issue of lowering interest rates by the Bank of England has recently been actively accelerated among analysts, now there are many more reasons for this. Actually, many are waiting for a rate reduction this month. Formally, the pound is a strong bearish signal. But we will not rush to sell it anyway. Recent events show that Brexit has been and remains the main driver of the pound's dynamics. It is news from these fronts that can provoke the formation of directional movement in pound pairs. And since Brexit is going according to plan so far, we see no reason to revise our recommendation for pound purchases intraday and medium-term. Recall that with favorable developments, the growth potential of the pound paired with the dollar is about 1000 points. From yesterday's data, it is worth noting also the weak data on industrial production in the Eurozone: -1.5% with a forecast of -1.0%. In this light, recall that the EUR/JPY pair is still at excellent points of sale. Today, all financial markets are focusing on US retail sales data. We will prepare for weak data, and accordingly, we will look for points for its sales in the foreign exchange market. The best candidate for this role is the USD/JPY pair. We consider the dissolution of the Government in Russia and the plan to redistribute the system of power in the country as an excellent opportunity to sell expensive Russian rubles. The usurpation of power from the point of view of modern history has rarely led to something good for the country's economy.
by Trade24Fx
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by NextOrderAlpha
1
USDJPY – Buyers became leaders at the momentUSDJPY – Buyers became leaders at the moment Trend: Strong Buy Support/Resistance: R2: 110.295 R1: 109.718 S1: 109.049 S2: 108.803 S3: 107.787 Price action: In this trade idea, you can see how buyers were pushing price without any swing/denial by sellers. Actually buyers break sellers, before sellers were able to handle position at level 108.803. So buyers has to maintain above first support level at 109.049, to lead price higher to next Bulls targets. Potencial trade idea: Bulls targets: T1: 109.718 T2: 110.295 NOTE – We are trading USDJPY via the preferred trading setups ELITEFXACADEMY
Education
by EliteFxAcademy
Momentum Falling on MSFT?Some of the bigger names seem to be traded with a "sell the news" response to earnings. See FB, AAPL, NFLX, for examples. All popped to highs at the open and were sold off for the next day or two, or more. Will we see the same on MSFT? If it does pop to the top, I've got 145 as a first target. If it pushes past 149, there I would take the loss, if I got short. Since it is already at all time highs, what is the likelihood of profit taking at these prices? Who is willing to pay higher prices for MSFT? I've pasted a link to another chart below. I'm looking forward to your response. www.tradingview.com
NASDAQ:MSFTShort
by BrianDreamTrader
1
Nothing has changed! All eyes on trade meetings.Let me clear some things up: I am not a day trader. So, my charts are what I see from a swing trading perspective. I look for opportunities that might not play out today, tomorrow, or even next week. Rather, I look for opportunities that I think might play out anywhere from today to a month (or a little more) from now. Not long term, but short to mid-term... I'm a swing trader. Please keep that in mind when you view my charts. As always, I appreciate each and every comment and follower! Good luck to all, and may we ALL profit!! YouTube: Dumb Money Trader www.dumbmoneytrader.com www.twitter.com www.facebook.com
AMEX:SPYLong
by Bankuur
5
$RESN Chance To Break Previous Highs?Volume is up over the last 45 days compared to 45 day period prior. The penny stock's news didn't hurt but what will help it go that extra distance "Resonant Inc ( RESN ) enjoyed impressive gains on Wednesday. This came after it announced the agreement of an important deal. Resonant is involved in changing the ways in which radiofrequency front ends are designed. Yesterday, it announced that it had reached an agreement with radiofrequency and module provider Murata Manufacturing Co." * About RESN Resonant Inc is a late stage development company. It is developing software, intellectual property and a services platform to increase designer efficiency, reduce time to market and lower unit cost in the design of filters for radio frequency front ends for mobile device industry. SOURCE: Are Penny Stocks Worth It? 3 Up Big In October
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by PennyStocks101
CAD basket trading the news 08:30 CAD GDP (MoM) (Jun)A basket forex trade is an order to buy or sell a group of currency pairs simultaneously with the intention of betting on the potential of one single currency. Basket trading is essential for institutional investors and investment funds who wish to hold a diversity of currencies without holding negative correlated positions in the market. By using a Basket Trading methodology you can focus your brains on predicting and assessing the technical and fundamental feasibility of a single currency while still hedging risk by diversifying with all major currency pairs. basketforex.com
by DORMAN5
A Spy Movie in the making just might pump this stockIf you haven't heard the news of form CEO of Overstock stepping down because he's blowing the whistle on deep state operatives who were attempting to blackmail Hilary Clinton, Rubio, Cruz and Trump during 2016 Election. I see dump maybe being from a panicked insider, but other than that the chart looks healthy and is bouncing back nicely. There could be more upside in that the company is gonna get a lot of free press probably for several months as indictments of these bad actors start to roll.
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by redantdc
3