EURUSD - what to expect?Here is our in-depth view and update on EURUSD . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels .
Alright first, let’s take a step back and take a look at EURUSD from a bigger perspective. For this we will be looking at the H4 time-frame and following our original analysis posted on February 4th (check image below).
Now after we broke to the upside we are waiting to make a pullback on the pair (based on the H4 time-frame). As of now we are sitting on our hands and patiently waiting on the pullback to happen or possible reverses and join the uptrend. TVC:EXY has seen some strength last week regardless of the positive data for the TVC:DXY which gave back gains after U.S. President Donald Trump said in a social media post that he had spoken with Russian President Vladamir Putin about starting negotiations to end the war in Ukraine. This still holds positive weight on the EUR overall. Considering this, we can pre-plan some possible outcomes including both fundamental analysis and technical analysis.
Scenario 1: BUYS at the break the highs (1.05140)
- We broke above 1.05140.
With the break of this level we can expect a possible move towards the upside without even creating a deeper pullback. The technical analysis and fundamentals would be on our side.
Scenario 2: BUYS at the pullback (1.04360)
- We came down to our PBA (Pullback Area) at around 1.04360.
With the pullback completed and the price respecting this area, we could potentially see more upside on this pair from this KL (Key Level). Long-term buys at this price would be valid. Again technical and fundamentals analysis would both be on our side.
KEY NOTES
- EXY (EUR) showing strength after last week’s positive “news”.
- Breaks to the upside would confirm higher highs.
- Respecting our PBA (Pullback Area - 1.04360 would give us a buy opportunity.
- Possible resolutions between Ukraine and Russia.
Happy trading!
FxPocket
Putin
Trump-Putin Ukraine Deal: Impacts on Forex
Hello, I am Professional Trader Andrea Russo and today I want to talk to you about an important news that is shaking up the global markets: Donald Trump has apparently reached an agreement with Vladimir Putin to end the war in Ukraine, with an agreement that includes Ukraine's exit from NATO. The historic meeting between the two leaders will take place in Saudi Arabia and this move is expected to have a profound impact on the global geopolitical and financial landscape, especially on the Forex market.
Geopolitical and Economic Impact:
The announcement of a possible agreement between Trump and Putin could mark a significant turning point in the war in Ukraine. If Ukraine were to actually leave NATO, it would open a new phase of stability for the region, but at the same time it could create uncertainty on the geopolitical borders. This decision will directly affect the currency markets, in particular the currencies of the countries involved, the main European currencies and the US dollar.
In the current context, the war in Ukraine is one of the main causes of economic instability worldwide. Any end to hostilities could lead to a reduction in economic sanctions and a revival of trade flows between Russia, Europe and the United States. These changes will be closely monitored by traders, as any geopolitical fluctuations could affect the dynamics of currencies globally.
Implications for Forex:
A possible agreement between Trump and Putin could have a direct impact on Forex, especially on the following currencies:
Russian Ruble (RUB): A peace agreement would lead to a possible revaluation of the ruble. International sanctions against Russia could be gradually removed, boosting the Russian economy and supporting demand for the ruble in global markets.
Euro (EUR): Ukraine's exit from NATO could lead to greater stability for European countries involved in the conflict, but it could also reduce the risk associated with energy and military security. In the short term, the Euro could appreciate against riskier currencies, but the situation could vary depending on the political reactions in Europe.
US Dollar (USD): The dollar could react positively if the Trump-Putin deal is seen as a stabilization of international relations, but it will also depend on how the Federal Reserve responds to evolving economic conditions. A slowdown in the conflict could reduce the uncertainty that has pushed markets towards the dollar as a safe haven.
British Pound (GBP): The pound could benefit from a possible de-escalation of the crisis, but again, domestic political factors in the UK, such as its post-Brexit negotiations, will continue to influence the currency.
What to expect in the coming days:
News of the Trump-Putin meeting in Saudi Arabia will be watched closely by the markets. If the details of the deal are confirmed, we can expect an immediate reaction in the currency markets. Forex is likely to see increased volatility in the currency pairs tied to the nations involved, with shifts in capital flows that could reflect a new perception of risk or stability.
Conclusions:
In summary, the Trump-Putin deal could be a turning point in the war in Ukraine and have a significant impact on financial markets, especially Forex. Investors will need to carefully monitor geopolitical developments and prepare for possible currency fluctuations. With the end of hostilities, stability could return to favor some currencies, but the situation remains delicate and constantly evolving.
Trump-Putin call sparks euro rallyThe euro surged to session highs after former U.S. President Donald Trump announced a 90-minute call with Russian President Vladimir Putin, during which they agreed to visit each other and initiate negotiations to end the war in Ukraine. Trump stated that peace talks would begin “immediately.”
Technically, the euro rebounded from downtrend support, keeping attention on a potential breakout at the January range of 1.02–1.05. Bears potentially remain vulnerable as long as the pair holds above the 1.02 level.
Shortly after his conversation with Putin, Trump spoke with Ukrainian President Volodymyr Zelensky. Zelensky later confirmed the discussion, describing it as “meaningful” and mentioning plans for a new agreement on security, economic cooperation, and resource partnerships.
India's inflation data in focus as Modi meets Putin As Indian Prime Minister Narendra Modi engages with Russian President Vladimir Putin in Moscow, the focus back home will shift to the latest inflation figures.
India has faced significant pressure from Western nations to distance itself from Russia following the invasion of Ukraine. However, New Delhi has maintained its ties with Moscow. A key factor in this enduring relationship is energy cooperation, which has played a pivotal role in stabilizing fuel prices and, consequently, inflation in India.
In May 2024, India's annual consumer inflation rate eased to 4.75%, down slightly from 4.83% in April. Projections for the upcoming data suggest a minor decrease to 4.70%.
However, Reuters reports indicate a different trend. According to a poll of 54 economists, inflation in India likely edged up in June, breaking a five-month streak of declines. This increase is attributed to a surge in vegetable prices, driven by extreme weather conditions damaging crops. The poll forecasts inflation rising to 4.80% year-on-year in June, up from 4.75% in May. Food prices, which constitute around half of the overall Consumer Price Index (CPI) basket, are a significant factor in this anticipated rise.
For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox.
The USD/INR potentially maintains its bullish bias, staying above the key 100-day Exponential Moving Average (EMA) on the daily chart. Upside targets include 83.65, the upper boundary of its trading range. On the downside, the 100-day EMA at 83.40 serves as an initial support level for the pair.
MOEX Russia Index. The epic 52-weeks breakthrough expectedRussia’s trapped domestic investors push stock market to 2-years high.
Russia’s stock market (so-called, Moscow Exchange Index MOEX:IMOEX ) has climbed recently to its highest level in 2 years as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the Russia-Ukraine conflict.
A rise of more than 100 per cent since March, 2022 low has pushed the MOEX index to levels last hit in early February 2022, before Russian President Vladimir Putin announces so-called "special military operation" that sent Russia’s equity market into freefall.
The market’s partial rebound over the two years has come despite the imposition of countless western sanctions designed to cripple Russia’s financial system.
The Kremlin responded to the measures by blocking most foreign traders from exiting their investments and capping the amount of money Russians can stash in foreign bank accounts.
Due to U.S. Department of Treasury and Euroclear sanctions, money is trapped.
Where do you put it but on the exchange?
Deprived of investment opportunities abroad (because of stupid, a nazi-like sanctions), Russians have piled their savings into the likes of Lukoil, Gazprom and Sberbank, which combined account for about 40 per cent of the stock market’s total value.
“Russian retail investors have always been about dividends,” said Sofya Donets, chief Russia economist at Renaissance Capital, a Moscow investment bank.
The Russian stock market’s recent rally bears some resemblance to the surprisingly strong performance of the Borsa Istanbul 100 last year.
Russia’s economy has also held up better than expected.
For many domestic Russian retail investors, nothing has changed compared to before the conflicted started, as the economy is doing OK.
Big dividend payers like state-owned Sberbank, whose shares are up 71 per cent trailing 12 months, are attractive to most Russians and now they’re some of the few investment options available.
Even so, foreign investors not banned by sanctions have kept well clear of the Moex since an exodus last February, when central bank figures show non-residents shed about Rbs170bn ($2.2bn) worth of Russian stocks. Trading volumes on the Moex slumped 41 per cent year on year in 2022.
There is a “close-to-zero chance” that foreigners whose Russian holdings have in effect been frozen will be allowed to sell out of their positions.
Perhaps there could be an artificial settlement, some kind of exchange for holdings frozen for Russian investors outside of Russia.
In technical terms, IMOEX graph is near to break 52-weeks highs, following 26-weeks SMA, with further upside opportunities to reach 4000 points and new historical highs.
Occidental Petroleum Corp.: Bullish Bias. ContinuationTo be successful on Wall Street, it is important to be flexible and be able to recognize changing market winds - the patterns that tell investors when to get in and out of the market.
Sometimes a breeze is a warm and inviting wind: assets rise in value, and it seems that everyone is making money.
Other times, it turns into a violent storm, leaving in its wake financial destruction, memories of the past, and hope that better times are yet to come.
Occidental Petroleum Corporation (often abbreviated as Oxy in reference to the symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East, as well as petrochemical production in the United States, Canada and Chile.
The oil company, among other Value Investing Assets, has become one of the main beneficiaries of the weakening and reversal of WFH ("Working From Home") disinflationary trends that quickly shook the entire financial world against the backdrop of the Covid-19 pandemic in Q1 2020. But faded also just as quickly, while since the first quarter of 2021, in two years, many growth assets have been undermined, rocked by scandals, or completely destroyed.
It was revealed in March that Warren Buffett's Berkshire Hathaway added more shares to an already large bet on Occidental Petroleum, according to an SEC Form 4 report released on March 7, 2023.
The Buffett conglomerate bought nearly 5.8 million shares of the oil company over multiple trading sessions in March, at prices ranging from $59.85 to $61.90, according to the documents.
Berkshire now owns 200.2 million shares of Occidental, totaling 22.2% of the oil company's shares, up from 21.4% previously.
Occidental shares are currently among the top 10 Berkshire holdings. The energy company outperformed the S&P 500 index last year, more than doubling in price.
In March, Occidental CEO Vicki Hollub said in an interview with CNBC that she met with the 92-year-old investor, noting that they talked about the oil and gas industry and related technologies.
Last August, Berkshire received regulatory approval to buy up to 50% of Occidental, sparking speculation that Berkshire could eventually buy out the entire Occidental company.
Berkshire also owns $10 billion of preferred shares in Occidental and has warrants to buy another 83.9 million shares of common stock for $5 billion, or $59.62 each. The warrants were obtained as part of the company's 2019 deal that helped finance the purchase of Anadarko Occidental.
While many investors even now continue to believe in the crypto-snow that melted without a trace the winter before last, the technical picture indicates the possibility of Growth comtinuation in value investment assets, incl. Occidental Petroleum - after the completion of the 0.618x Fibonacci retrace to the Growth that began later to Russian President "Special Military Operation" announcement in Q1'22.
Also, the support of weekly SMA (200) in CL1! - Crude Oil Futures adds bullish bias to market participants.
NZDUSD Price Movement After Fed Turns To Timing Of CutsAfter breaking through a strong resistance level in the range of 0.617-0.618, the price of NZDUSD continued to move upward within the framework of impulse wave 3.
We expect the bullish trend to continue with minor pullbacks up to 0.645.
In recent weeks, the New Zealand dollar has been one of the strongest currencies, but we expect this trend to continue in the medium term due to the Fed's intention to cut rates in 2024.
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Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
GOLD TRIPLE TOP - WAR END?All eyes are on Chinese President Xi Jinping’s state visit to Russia that begins on Monday. During the three-day visit, the leaders of the two nations will discuss the deepening of economic and political cooperation as well as the war in Ukraine.
If this meeting tends to reach a diplomatic solution to end Russia-Ukraine war then Gold will see a massive sell-off.
Also, FED is very likely to add a 25BPS to reach 5% interest rate, kinda expected but it brings more pain to markets.
I will keep updating this, follow to get alerts 🔔
The West Takes Aim at Russian Oil MarketsAs tensions continue to escalate between the West and Russia, a new development has emerged in the ongoing struggle over oil shipments. The West has been using shipping insurance as a tool to put pressure on Russia, but this strategy has had limited success so far. Insurance is only available for shipments valued at less than $60 a barrel, and as it happens, Russian oil already trades just below this cap. As a result, it's not yet clear how much of an impact this will have on oil prices.
But this raises an interesting question: why would the West set the cap at this level? The answer, it seems, is that they've calculated it in such a way that it provides just enough incentive for Putin to keep pumping oil. This is because the West is understandably concerned that Putin might choose to remove Russian oil from the international market, causing prices to rise significantly. And if global oil prices do rise much above where they currently are, the situation could become much more heated.
This is just one example of the complex dance that goes on between petronations and the West. On the one hand, the West has the ability to put pressure on petronations by limiting their access to the global market. But on the other hand, petronations have the power to put significant pressure on the West via energy prices. So it's a delicate balancing act, and it's not always clear who has the upper hand.
But what does this mean for the future? Well, it's difficult to say for certain, but it's clear that the West is trying to find a way to put pressure on Russia without causing a major disruption in the global oil market. And if they're successful, it could have significant implications for the ongoing struggle between the West and Russia.
Of course, there are many other factors at play here, and it's impossible to predict exactly how things will unfold. But one thing is clear: the discussion around this issue is only going to become more heated as global oil prices continue to fluctuate. So it's definitely a topic worth keeping an eye on in the coming months and years.
XAUUSDHello traders.
Gold is continuing to create Higher Highs and preseserves Higher Lows.
If you look on the left of past chart depiction, the area of 178x has been considered a former resistance like the 179x.
Finally, the price last August touched 1803 level and fell vigorously.
So, every possible entry at these levels could be profitable. But, the safest place to place the SL I strongly believe is above 1803 area.
We all know what gold can do with spikes. Regarding of spikes, the price action is indicating the weakness to go higher for short - term.
Traders Dynamic index has created a divergence with Price movement, but this doesn't mean that it will sell immidiately.
It can go further for some time, this is the reason I consider both 179x and 180x nice areas for sell - close to the Daily supply zone, where many pending orders will be open. A break above 1812 I think it may push price higher to 1840 - 1860 levels.
1750 area can be considered a safe zone for first TP and maybe a good entry for buys but the main key area is 1730, for strong buy.
Breaking news some moments ago informed humanity about a missile attack to some village of Poland. If this was not an accident and it was made by design, prepare to see gold rocketing above ATH!!!
Good luck!
The Future of Bitcoin.Hello,
I have outlined the current channel structure with two possible scenarios.
As BTC climbs we will likely see a rejection at the resistance point of the channel around 25k.
Macro political issues will play a role in either continuing the rise or fall of BTC.
From my understanding of the global macro climate, it is highly likely Putin will launch a tactical missile(nuke).
This will spark panic/fear in markets that we have not yet seen this cycle; leading to a flash crash to 12K or below in the highlighted dates.
The flash crash presents an opportunity for accumulation.
After the crash, the price is expected to rebound back to 29K which marks the end of the bear cycle and the beginning of a new bull cycle.
Bitcoin is expected to surpass 100K.
$BABA my team is underrated 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
We've been here before. My team isn't expecting to lose this trade, but if we do it would only put a small dent into the 35% gain that we've already acquired.
Our Entry: $111
Take Profit: $128
Stop Loss: $102
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$USOIL purely technical 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
$USOIL appears to be on a pathway to retest its support zone for the third time. If this zone is breached, we expect $USOIL to head into the $80-$90 range.
This scenario is purely technical.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$USOIL its spring time 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$US30 the glass house 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
!! This chart analysis is for reference purposes only !!
$US30 has been consolidating outside of our bearish channel for the past 2 weeks. Many traders automatically assume that this is bullish, but appearances can sometimes be deceiving. My team still expects a strong bearish move to take place within the next couple of weeks, but it may retest 35350-35850 before that happens.
Overall, the market appears to be waiting for a catalyst to justify an impulsive move down. Our guess is that repercussions/escalations from the Russian-Ukraine crisis will kick this move into motion before May arrives.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
XAUUSD DAILY BIAS : B.U.L.L.I.S.H 🐃🔱 GOLD TRADE IDEA 🔱
BIAS: Bullish
FUNDAMENTAL BIAS: Bullish
The latest inflation rate reaffirms global inflation rate & amid heightened escalations between Russia & the West.
Putin stated that talks with Ukraine are at dead-end following latter deviation from agreements reached in Turkey
TECHNICAL BIAS: Bullish