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LOW Lowe's Companies Options Ahead of EarningsIf you haven`t sold LOW ahead of the previous earnings: Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week, I would consider purchasing the 210usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $3.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:LOWLong
by TopgOptions
EURUSD: Will fall to 1.07600 then recoverEUR/USD fell again on Wednesday, after mounting a bullish burst in the previous trading session. However, the Euro currently maintains a positive outlook against the US dollar as it continuously creates a series of higher highs and lows and is still trading above important MA lines. To maintain the uptrend, the pair needs to hold above the 200 and 100-day SMA, around 1.0765. If this support holds, it opens up the potential for a rally to 1.0900, beyond that to Fibonacci resistance at 1.0960 and 1.1075. In case, the sellers return and push the price below the 1.0765 area, EUR/USD will change to a downtrend in the short term. In the above case, support will be at 1.0650, if the price continues to weaken then support at the 1.0570 trend line will come into view. EUR continues to fall today then will bounce back and increase sharply to reach a new peak in the future.
by NicoTradingMaster
GBPUSD Will recover after sharp decline“The Federal Open Market Committee (FOMC) is committed to achieving a monetary policy stance that is restrictive enough to reduce inflation to 2% over time; We are not confident that we have reached such a position,” Mr. Powell said in his opening speech to a policy panel at the 24th annual Jacques Polak Research Conference, organized by the International Monetary Fund. position. The Fed chief acknowledged that US inflation has fallen over the past year but said it was still "far above our 2% target", Powell said, but signaled the Fed was not ready to accept that inflation was sustainable low level. Inflation “has given us some fake news,” he added. On the H4 frame, the RSI indicator dropped to 40, showing that selling pressure is accumulating. Important support is gradually forming at the 1.2200/20 area, with the 23.6% Fibo level of the down phase from the peak of September 5 to the bottom of November, the downtrend line and MA lines 100 and 200. If this support is broken, , the next target for sellers will be 1.2130 and 1.2100.
by MrTrongVo
Comment on EURUSD: Revolving around the 1.0700 areaAccording to the governor of the Croatian central bank, “if our current forecasts come true, we will have a soft landing with little loss, meaning no economic recession and a significant increase in unemployment ”. “We cannot be certain that it will continue to be that way until we achieve our goals, but in my view, a soft landing remains a central scenario,” he added. . Inflation fell to 2.9% last month, from a peak of more than 10%, after the ECB raised interest rates at the fastest pace in history. Officials have warned that achieving the 2% target remains difficult and that the economy is at risk of a mild recession after shrinking 0.1% in the third quarter. The war between Israel and Hamas is a major source of instability because it threatens to drive up energy costs. However, according to Mr. Vujicic, the extent of the impact on the Eurozone economy is "hard to predict" at this time. “First, we have to see whether such a shock will occur. If so, what is the nature of that shock and what is its magnitude? And then we will try to estimate the possible impact on price developments and act accordingly.”
by MrTrongVo
XAU/USD is likely to decline sharply in the near future.“The Federal Open Market Committee (FOMC) is committed to achieving a monetary policy stance that is restrictive enough to reduce inflation to 2% over time; We are not confident that we have reached such a position,” Mr. Powell said in his opening speech to a policy panel at the 24th annual Jacques Polak Research Conference, organized by the International Monetary Fund. position. The Fed chief acknowledged that US inflation has fallen over the past year but said it was still "far above our 2% target", Powell said, but signaled the Fed was not ready to accept that inflation was sustainable low level. Inflation “has given us some fake news,” he added. However, the Fed chief balanced his remarks by reiterating that the Fed will continue to "move carefully" in future policy decisions. A cautious approach, he added, would allow the Fed to “address both the risk of being misled by a few months of good data and the risk of over-tightening.” On the daily chart, gold continues to decline towards the psychological level of $1,950. A drop below $1,950 could push prices back towards $1,900 but gold would have to overcome some previous support.
OANDA:XAUUSD
by MrTrongVo
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CVNA Carvana Options Ahead of EarningsIf you haven`t bought CVNA here: Then analyzing the options chain and the chart patterns of CVNA Carvana prior to the earnings report this week, I would consider purchasing the 25usd strike price in the money Calls with an expiration date of 2023-11-17, for a premium of approximately $3.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:CVNALong
by TopgOptions
GBPUSD The BoE release a fresh macro forecastOn the Federal Reserve side, investors will be left wondering how they view the Fed's stance, especially the recent strong economic report, as it could give officials a reason to continue raising interest rates. We are also awaiting further guidance on the Fed's stance, including how that will affect its policy stance. However, inflation and job creation have slowed since the September meeting, suggesting the Fed will end its tightening cycle without raising rates for the remainder of 2023. Markets have already priced in a pause in Wednesday's announcement, and while a December rate hike remains unlikely, the central bank's stance is likely to impact expectations for its final meeting in 2023.
Long
by Chart_MasterPro
GBPJPY Despite further YCC correction, the BOJ disappoints The BOE is losing credibility because it is stimulating the economy too little, too late. At this week's MPC meeting, Governor Bailey will have to hide behind his message that inflation will persist for longer as it becomes more entrenched, but policymakers are keeping interest rates on hold amid concerns about the economy. UK government bonds are poised to match the general global direction and rising yields, with 10-year bonds continuing to rise towards 5%
by Chart_MasterPro
GBPCAD still on trendFurther interest rate hikes are likely to further worsen a struggling economy, but concerns continue to rise that the Bank of England is taking too much risk in taking action and exposing the UK economy to further inflation. There is. On the U.S. side, investors are hoping and pleading that the Fed will move into a rate-cutting cycle sooner rather than later, but with the economy stable and downside risks limited, the Fed will continue to hold interest rates for longer periods of time. It will be maintained at a high standard.
Long
by Chart_MasterPro
The Bank of Japan is considering adjusting YCC to allow 10-year According to the Nikkei Shimbun, which correctly warned just before the Bank of Japan's last YCC adjustment, after several YCC adjustments, the Bank of Japan realized that it was once again in a trap, and the Japanese government "may take 10 years" It seems that further adjustment is required. It's now possible. ``Bond yields are expected to exceed 1%'' at Tuesday's policy meeting. Long-term interest rates are currently capped at 1%, and the central bank conducts unlimited fixed-rate purchases to keep yields below that level, weakening the yen and further increasing inflation.
Long
by Chart_MasterPro
GBPUSD The British pound is in a safe price zone Chart The British Pound defended the confluence support at 1.2084/89 throughout the month. This range is defined by the targeted year-to-date open and 78.6% year-to-date retracement. range. Price has fallen just above this threshold and monthly opening resistance is currently at 1.2199. The focus will be on a breakout of this short-term range by the end of the month. Keep in mind that BOE and Fed interest rate decisions are at stake, and US non-farm payrolls are expected to be released on Friday.
Long
by Chart_MasterPro
GBPJPY Ueda faces risk of market collapse as Bank of Japan weighMr. Kazuo Ueda of the Bank of Japan is in a predicament. If he sticks to policy this week, there is a risk that the yen will fall to a 10-year low and the yield control program will come under attack from speculative markets. If the Governor simultaneously raises the upper limit of 10-year yield curve control, either explicitly or implicitly, the Governor could raise long-term interest rates to levels that are inconsistent with economic fundamentals, which is the Governor's goal. The achievement of stable inflation would be at risk. In a sign of how tense the monetary policy debate will be, BOJ officials are likely to monitor developments in yields right before deciding whether to adjust the YCC, the people said.
Short
by Chart_MasterPro
PINS Pinterest Options Ahead of EarningsIf you haven`t sold PINS, which reached its Price Target here: Then analyzing the options chain and the chart patterns of PINS Pinterest prior to the earnings report this week, I would consider purchasing the 25usd strike price in the money Puts with an expiration date of 2023-11-17, for a premium of approximately $1.96. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:PINSShort
by TopgOptions
F Ford Motor Company Options Ahead of EarningsIf you haven`t bought F here: or sold before the previous earnings: Then analyzing the options chain and the chart patterns of F Ford Motor Company prior to the earnings report this week, I would consider purchasing the 11.50usd strike price Puts with an expiration date of 2023-10-27, for a premium of approximately $0.31. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:FShort
by TopgOptions
EURUSD USD gains momentum as government bond yields rise againEUR/USD was little changed as traders awaited further stimulus following the release of disappointing Eurozone PMI data. Germany's Ifo business report showed business confidence improved from 85.8 in September to 86.9 in October, but this did not provide additional support for European currencies. From a technical perspective, EUR/USD is unable to settle above the resistance at 1.0670-1.0700 and is heading towards the next support at 1.0520-1.0550.
by Chart_MasterPro
GBPJPY Yen weakens to match low for year, raising intervention rTOKYO: Japanese Finance Minister Shunichi Suzuki said on Thursday that authorities would closely monitor the yen's movements after it fell by more than 150 points against the dollar, and continued to warn investors on Thursday against selling the currency. Pressure is mounting on the Bank of Japan to change its management of bond yields as interest rates rise globally. Reuters reported this week, citing sources familiar with the matter, that a possible increase in the current yield cap, which was set just three months ago, is being discussed ahead of next week's monetary policy meeting.
Short
by Chart_MasterPro
GBPCAD Experts predict the Canadian economy is entering a recessRBC economist Nathan Janzen stated that the Statistics Office`s estimate isn't extensively one-of-a-kind from RBC's estimate of 0.5% boom and is simplest barely decrease than the estimate of 1 .5% of BoC. Normally, forecasts of monetary recessions can be primarily based totally on traits such as: decreased GDP boom, decreased employment boom, decreased purchaser spending and funding activities. The nature and volume of monetary downturns can also additionally range primarily based totally at the traits indexed above. The reasons of recessions are excessive inflation, growing hobby rates, declining purchaser self assurance or the outcomes of herbal disasters, political or monetary crises on a international scale.
Short
by Chart_MasterPro
GBPJPYBank of Japan to conduct unscheduled bond-buying operationFollowing the BOJ`s announcement, the 10-yr JGB yield JP10YTN=JBTC declined 0.five foundation factor to 0.855%, in advance buying and selling unchanged from Monday's last stage of 0.86%, which become the very best on account that July 2013. Japanese yields were pulled better with the aid of using a surge in U.S. Treasury yields, with the benchmark 10-yr word US10YT=RR topping five% in a single day to attain a 16-yr high. US/ The BOJ caps the 10-yr yield at 1% beneathneath its yield curve controls (YCC), following a wonder coverage tweak on the cease of July. Although the yield stays properly beneathneath that stage, policymakers have stepped in again and again to gradual the tempo of increases. The valuable financial institution subsequent units coverage on Oct. 31.
Short
by Chart_MasterPro
GBPUSD is on a strong upward trendAccording to the daily chart performance below, the price of the GBP/USD (GBP/USD) currency pair is still on a broad downtrend, and as mentioned above, stability around and below the 1.2150 support is likely to be stronger. It's possible. The bears aim to provide 1.2000 psychological support as soon as possible. Trading is quiet today due to the lack of important economic information from the UK and US on the economic calendar, but we expect investor sentiment and financial market trends to react accordingly. The strongest reaction to the movement of this currency pair. Meanwhile, during the same period, breaking the resistance levels at 1.2330 and 1.2450 was critical to breaking the downtrend for the entire currency pair.
Long
by Chart_MasterPro
EURJPY When Japan Ends Negative Exchange Rate Policy, Treasury WA majority of the 315 respondents said that the Bank of Japan will end its unprecedented policy of keeping interest rates below zero in the first half of 2024. The move marks the end of a bold experiment Japan began in 2016. The experiment has recently put Japan at odds with other major central banks, which have aggressively tightened monetary policy to fight inflation. What the Bank of Japan does and when it does it will affect global markets. The biggest outcome, according to MLIV Pulse respondents, is further disruption of large amounts of government debt. Higher yields in Japan would encourage Japanese investors, who own large holdings of U.S., European and Australian government bonds, to repatriate their funds.
Long
by Chart_MasterPro