$SINO BREAKOUT TARGET SINO is pumping , and it will continue ego up if we hold our support as we show in the chart, and we have 2 target of profit taking.
SINO
SOL SZN continues! SOLUSD bounced from the major trend and now in price discovery between the two Fib levels.
RSI is at a medium level and volume is picking up.
First a test of ATH of 220 and later the Fib resistance of 240 is required.
After, targets open.
LONG 1177Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
GBPAUD TRADING OPINION AND PLANPotential space for lower in my opinion and as the chart we can see price breaking lower the ascending trendline and support 1.93076 should indicate bearish in power. Boris Johnson and his friends are amending the Brexit bill to NOT allow further extensions. This means that, once the government has set a deadline, the U.K. must stick to it with or without a trade deal with the EU. On the other hand the so-called Phase One trade deal between Washington and Beijing has been “absolutely completed,” a top White House adviser said on Monday, adding that U.S. exports to China will double under the agreement which provided some positive vibe in comdolls sentiment which I think will help Aussie on this trade at the moment.
EURO Vs Loonie (EUR/CAD) Trade Idea and Plan: Bullish biasEUR / CAD has developed higher lows connected by a longer-term upward trend line and also displays lower stochastic lows. This bullish divergence indicates a rebound may occur.
With little eye-catching improvements for leading indicators for the eurozone, in this session, I'm hoping to catch a quick bounce for the shared currency. On the flip side, there might be enough expectations for another dip in Canadian retail sales figures to keep the Loonie on a weak footing.
On top it all off, the resurfacing uncertainty surrounding trade talks between the U.S. and China could hold a veil on gains for commodity currencies and the dollar, reversing the euro may have chances in that case.
Aussie Vs Loonie (AUD/CAD) Trade Strategy and PlanTraders sold the Aussie like no tomorrow when the minutes of RBA's meeting indicated members expected another rate cut in November.
We are worried about Australia's major trading partners ' economic slowdown; contraction in housing construction activity; outlook for consumption; wage growth; inflation; and domestic growth. Ultimately, the latest papers point out that when they meet next, RBA leaders will slash their rates in February.
Trade tensions in the U.S .- China pressured crude oil prices and lead it to fall lower further. Also, Russia isn't inclined to cut production more deeply at the December 5 OPEC meeting and that means the market is likely to remain oversupplied in early-2020 .
Carolyn A. Wilkins (Speech):
The market is focusing on the line that there is 'room to maneuver'. Don't think she's sending a signal here but any time there is the talk of cuts (and QE), that's the knee-jerk. USD/CAD touched a session high of 1.3264 from 1.3230 before the comments and AUDCAD had an effect too.
Canada also did not publish outstanding posts. Canada’s manufacturing sales took a step back in September. CPI reports (Nov 20), Poloz Speaks (Nov 21) and Retail Sales (Nov 22) will clearly provide additional optimism or pessimism hint to traders for the loonie. Positive turn in global risk sentiment may also help traders to think to get out of safe havens and into risk currencies like the Loonie. Flash manufacturing and services PMIs (Nov 21) from Australia should be taken care of. We should take this information in mind throughout the week if we trade in this cross pair or any Aussie or Loonie being as base or variable (counter).
Aussie Vs Japanese Yen (AUD/JPY) Trade Plan Traders seem to be in risk aversion mode to start the week off of negative developments in the U.S.-China trade story. With fear on whether or not we’ll see tariff rollbacks on China, odds have risen that the trade deal may not go forward. This has sent equities, bond yields and oil lower, and seems to be supporting the safe-haven currencies like the Japanese yen.
Greenback Vs Yen (USD/JPY) Trade Strategy and Plan-Industries have not been hurt by the administration's trade actions.
-There is no uncertainty with regard to trade worse.
-The cost of doing nothing was killing us as a country.
-China starting big agricultural buys if they don't make a deal with China they will substantially raise tariffs on China imports.
-The situation between China and the US involves more conflict than the world has seen before, but eventually, we'll resolve it because this is the best way for both.
-There will be a trade deal.
-There will be one deal after another, and one issue after another will be resolved but it can take a lot of time.
"They are dying to make a deal. We're the ones that are deciding whether or not we want to make a deal," Trump said of China. "We're close. A significant Phase One trade deal with China could happen. It could happen soon. But we will only accept a deal if it's good for the United States and our workers and our great companies."
Aussi Vs Greenback (AUD/USD) Intraday Trading Strategy & IdeaWe had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as long as the mood of the U.S .- China's trade front remains sour. NAB Business confidence data had been downtrend in past couple of months and morning it was better than last month though. If the U.S .- China feeling reverses (which is a very possible scenario), then a break above the key level 0.6850 zone is the technical signal to be interested in the role of long bias.
US and China buck up markets, Bank of England disagreesThursday was not full in events however we could observe some movements that were mainly focused on safe-haven assets, in which a mass exodus of traders was observed.
You do not have to guess what is markets concern about, just look throughout the dynamics of gold or the Japanese yen, you can see is there any progress or not in negotiation between the USA and Sino.
Since gold, like the Japanese yen, was sold yesterday, it is clear that something positive happened between the United States and China. Indeed, China and the United States have agreed to tariffs phase-out before the deal to be made.
This is a very strong confirmation signal for markets that were expecting the successful completion of the first phase of negotiations by the end of the month. Accordingly, investors relaxed and began to leave the safe-haven assets, which provoked sales in government bond markets and safe-haven assets.
In connection with such news, we will wait a while with the purchase of safe-haven assets, since in the short term it is difficult to say how long it will take to work out this fundamental factor. Although in the medium term we remain bulls (gold), and we consider the current decline as an opportunity for cheaper purchases.
Progress in trade negotiations contributed to the oil prices growth so that diversification once again proved to be the best ( losses in gold were offset by oil earnings). Well, our recommendation to buy oil continues to be relevant.
The Bank of England decided to keep the base rate at the same level. However, the voting results surprised: 7 members of the Monetary Policy Committee spoke in favour of the invariance of the rate, but two of them voted in favour of a cut. Which, of course, was a negative signal for the pound. However, support for 1.2810 has survived. Accordingly, our recommendation to buy GBPUSD on intraday day basis remains valid. But do not forget about the stops, and it does not make any sense to put them largely- the bears may well seize the initiative and take the pair to the bottom 1.27.
The euro was not lucky yesterday, industrial production in Germany fell by 0.6% (a 0.4% decline was expected). Given the rather strong downward pressure today, we are more likely to sell the euro than to buy it. But today, instead of pairs with the euro, we will work in pairs with the Canadian dollar. Labour market statistics are likely to lead to a volatility jump. Well, recall that for commodity currencies (which include the Canadian dollar is included), progress in trade negotiations is a positive signal. Yesterday it was ignored by the markets, but it is likely to be worked out today.
Aussi Vs Yen (AUD/JPY) Mid Term Trade Strategy & PlanWord through the forex town was that, depending on how the first step of the agreement works out, the U.S. and China are planning to roll back certain tariffs in tranches. Risk capital, however, had their rallies cut short when it was also revealed that within the U.S. government this proposal faced strong internal opposition. The monetary policy statement issued at the Asian session of the RBA indicated that the central bank refused to further lower rates. Besides seeing some signs of growth emerging from a soft patch and labor market resilience, officials are also concerned that further easing could convey an excessively negative performance view.
US oil prices had their biggest spike. How to earn on it?US oil prices had their biggest spike. Oil prices soar after attacks on Saudi facilities and ended nearly 15% higher on Monday. Abruptly ceased more than 5.7 million barrels per day of production.
We consider this situation a unique opportunity for earning. The fact is that the disappearance of 5 million b / d of oil is a temporary phenomenon. According to some estimates, most of them will return to the market in the coming days. Also, Trump is ready to sell oil from US strategic reserves to stabilize the market.
Accordingly, the current growth is an emotional reaction. So oil will be adjusted. Given the scale of yesterday's growth, the correction will also be significant. So today we recommend oil sales. It may be necessary to be in the position for several days, but the goal is clearly worth the time spent.
Another opportunity for earning. The Russian ruble entered the sales zone. The next round of sales (final) we will start with 62.50 (unless, of course, the price reaches these marks).
And finally, the recommendation to buy gold and other safe-haven assets is also relevant in the light of current events. The US has already managed to blame Iran for the attack, so in theory, the situation could be developed.
Meanwhile, financial markets received another batch of evidence in favor of the global economic slowdown. This time, China gave cause for disappointment and concern. Industrial production in Sino grew by 4.4%, which is the minimum increase since 2002 (!). So if the oil shock goes on, the chances of a global recession will increase.
Today is formally out of surprises. It is worth paying only to industrial production in the USA. But in general, markets are beginning to prepare for the Fed results announcement. But we’ll talk about it tomorrow. And today, we note that dollar sales are still one of our priorities in trade.
Pause in trade war shifts market focus on another dataA temporary truce in the trade war was announced. Well, of course, a “truce” is not the right word we prefer a “pause”. The appreciation of the renminbi, as well as the decline in the VIX Index, are further evidence of tensions easing in the financial markets.
Against this background, we again pay attention to the sale of gold. But we note that sales with the random points may turn out to be unprofitable, so we select the entry points carefully, taking into account at least an hour overbought and along daily maximum.
Recall that the dollar is still very strong, which is bothers Trump. And in itself, it is an opportunity for its sales in the foreign exchange market. But the markets are more interested in the Fed’s further actions - will the Central Bank cut the rate again&? What could spur the Fed on easing monetary policy? First of all, weak macroeconomic data. So today's retail sales data may well give rise to dollar sales.
Retail sales report is a monthly measurement of the retail industry. Monthly retail sales data is a chain indicator. That is, The report shows the total sales for the prior month. This specificity leads to the fact that chain indicators tend to fluctuate around the zero and after a strong growth period a decline period follows, and vice versa. So, over the last two months, US retail sales have been growing. To show better results this time too, the indicator must rise quite significantly concerning the three months periods. The US economy has been weak recently, there is a reason to expect weak data on retail sales. Since markets react not to the essence, but to the gossips, the outcome of the indicator in the negative zone (although this may be an increase relative the period of two months ) can trigger dollar sales. In this regard, today we will sell the dollar. First of all, against the pound.
Eurozone GDP grew by 0.2 %, however, industrial production decreased, and quite significantly (-1.6% m / m), which is the worst result over the last 3 years. China also showed weak industrial production data: plus 4.8% expected plus 5.8% (the minimum growth rate since 2002). Retail sales in Sino are also worse than expected.
Sino, Trump and bitcoin and pound We have already written about the Chinese GDP. 6,2% quarterly GDP rate of growth is the lowest accession rate in history. This is a trade war direct result.
Price decline in the financial markets is responsiveness to the deceleration in economic growth. So, oil sales deals are attractive. As well as safe-haven asset demand growth, so we recommend to sell USDJPY but buy gold.
Mr Trump is behind the 20% decrease in bitcoin price which is desperate for maintaining $10 000 level. Donald J. Trump on Twitter: I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Recall, Cryptocurrencies - “criminality and dope-pushers” pied-a-terre.
Our recommendation for the Cryptocurrency market is unchanged. Any Cryptocurrencies price growth is a chance to sell it at a good price. The higher price the large amounts should be sold.
Since Brexit remains on hold, the macroeconomics statistics will be the main pound price changes driver. On our point of view, the current pound financial quote is quite attractive for its buying. Weak data will likely to provoke another round of its sellings, therefore, pay attention and close the open deals based on new information in case of not satisfying data.
Another important data pact is US retail sale data. Weaker data may provoke US dollar sales due to weak data appearance and the Fed reaction on. Recall, the markets are waiting for the Fed to cut the rates. And weak data on retail sales is signal in its favor.
Our trading recommendations for today are as follows: sell the US dollar, oil, and Russian ruble. Buy gold and yen safe-haven assets.
$CTRM Bases at Support for Next Leg Up PPS Target Still $8.00+Algoritmic Entities Brought Castor down to the $6.00 support earlier today and bounced it off it nicely after which NSDQ known for driving the stock up or down accumulated shares at that level and begun slowly pushing the stock up on bid. I do believe she is ready for the next leg up and have accumulated all I could.
Remember the stock started trading on the NASDAQ in Feb of this year and has already had 4 major spikes. I anticipate another one should be coming within the week given the Baltic Dry Index has been on a tear since Feb.
I also anticipate more updates from the company since it is newly trading and just launched their major ship in March.
Happy Trading!!!
$BYOC Clear Break of .03 Tomorrow After NVSOS UpdateToday $BYOC's NVSOS filings were updated to show an updated registered agent to Incorp Services Inc. Which means the filings for the company are near to almost finished. 15 10-Qs and 5 10-Ks Should be dropping in addition to all other required filings. That is just the first of what's to come for this great company. Look for a break past .03 and possible .035 move tomorrow.
