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TRADE-WAR

Gold plunges to 13 months low – Well done ABCD pattern!For the moment, gold is trading near $1,173 after placing a low of $1,160. It recently has formed a sort of a hammer candle pattern on the 2-hour chart. The hammered pattern followed by a strong bearish trend often causes a bullish reversal. That being said, can we expect a bullish reversal? I wish I could say yes, but gold is still bearish and the violation of $1,181 has opened further room for selling until $1,157 and $1,131. But since the metal is in oversold zone, we may see a bullish retracement in it until $1,181 and $1,187. Stay tuned for more updates!
FX_IDC:XAUUSDShort
by FXLeaders
1
Short SWKS I hope everyone has had a great Monday. Skyworks Solutions -1.91% is a semi-conductor company that is traded on the NASDAQ. While I wouldn't normally bet against the semi-conductor industry, this, I believe is a quick short for easy gain. Trade war tensions have been high and will likely remain high until a deal is struck with China over what President Trump has dubbed a "massive trade deficit." While many economist and pundits scratch their head at this proposition (trade deficits are not necessarily bad, as it allows Americans to purchase more goods at what will be a lower price), it is not important who is right or wrong in a trade war/skirmish, but instead to focus on what will happen in the short term because of the actions of these countries. That brings me to Skyworks, a company that in regular times I would not never short with a ten-inch pole. Now, however, is the perfect time to bring on the short army. The main and nearly only reason for this call is a simple fact: SWKS -1.91% currently getting 80% of its revenue from China. If a trade war were to break out, having this much exposure (whether China pushes heavy tariffs or not) will send this stock tumbling. For this short position I believe in 2/3 main targets. 1. $93 2. $86 No hold below the $86 threshold would be advisable. Again, this is a high-risk, high-reward trade. Disclosure: I/we have no positions in any stocks mentioned, and have no plans to initiate any positions in SWKS -1.91% within the next 72 hours.
NASDAQ:SWKSShort
by jgree107
GER30 on a possible bullish path.During the turbulence of the trade war USA against the world, we have seen a lot of fluctuations in the price of stocks and the representative Indices. The GER30 particularly has massive volatility and potential to destroy a lot on its path. Having said that, looking at the positive side, if these news stop just for a while investors will see the situation as relief and will risk a bit more. We can see GER30 trades are returning to positive with 3 days in a row positive volume and the MACD is at the beginning of bullish signal. If all these ingredients are enough and the price closes above at least 12130 and escapes the 20d EMA at 12150 we can see price going towards 12250-12400. Be aware that at the moment we have initial resistance zone between 12080-12120. Caution! Volatility can be high in the event of turbulent news and negative comments about the trade war. Good luck. Risk warning! --------------------------------------------------- Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit. You should first be aware of the risk and know what you do before you proceed with trading. Supplied information is not advice.
FX:GER30Long
by TheTrade_Academ
10
Trade War is ON - Rough Week Ahead for Markets [TECH SECTOR]The Nasdaq-100 is about to have another day in the red. Around 3 am eastern, Nasdaq 100 e-Mini Futures began diving, erasing the minor gains made in the previous session. The futures tend to take big swings during open sessions which IMO means that cable news networks are gonna throw that index ticker up for the day. The drop also comes 5 hours before opening bell which means that futures could be trading even lower by then. The catalysts that'll be buzzing on the news networks: Trump Administration's official release on Monday of tariffs on Chinese Imports. The list is lengthy targeting all sorts of products and very specific at times, specifying that biscuit ovens are to be levied. While I am concerned about biscuits, the main focus is on industrials and tech. Semiconductor materials and other intermediate electronics parts are big targets that could have a big impact on the US markets. Not on the list are some apparel items, because sweatshop made t-shirts are too far apparently. We'll see how Nike and Under Armour fare. Quick retaliation by China. News broke overnight that China will target tariffs on US exports of equal value. Included items are more agricultural related items, Soybeans, Corn, etc. These goods are hard hitting to Trump's voter base. Also included are aerospace and car parts, not good for Boeing and Soybean Futures already dropped real quick. Overall, China does have the upper hand in this trade war, they have growing domestic demand for many American goods and the ability to undercut US companies by growing domestic ones. The US doesn't have that same luxury. Takeaways: These are just plans, an overseas mexican standoff, where both countries hold $50 bln (each) on the line. The goal of this trade war isn't to hurt industry, but to have a reason to beat our chests, rile up some voters, and to agree to fix some boring legal issues. So any short should be a SHORT TERM trade, at least at this stage. It's likely that we'll see new lows and the technicals could be different after this week. There are several, probably bullish, reports coming out this week so it'll be a volatile one. I'm personally looking at the Semiconductor Bearish ETF SOXS because it is the one of the crosshairs of this trade war and has the most to lose with their inflated P/E ratios and more sellers looking to take profits while they can. The tech blue chips also have bearish momentum already from a slew of news items, Amazon, Tesla, Facebook, Intel, and so on and so forth. Technicals: The 200 Daily MA (Yellow line) may be tested as well as the lower uptrend channel support. Breaking through these supports could be a sign of a longer correction. Yet at the same time they could converge to hold us up longer, but I'm not too confident on that scenario. Here's a look at how the e-Mini Futures played out overnight: Let me know your thoughts, if you agree or not and why, i'm curious. Give this post a like if you found it helpful! ~NY ***This is not financial advice in any form, do your own thinking***
TVC:NDQShort
by NYFinancials
3
GER30 taking the hit from the Trade War.GER30 falling 400 pips in two days over fears in actions against EU imports too, one that was made to reach 12450, turned to a disaster after Trump has signed the trade memorandum which may imposes $60Bln in tariffs on Chinese imports. 1. Statement from the Chinese Embassy in Washington Strongly opposes US President Trump’s tariff plan for Chinese imports.China to defend legitimate interest with necessary measures.Does not want a trade war but will not recoil from one. US President Trump has signed the trade memorandum on China; says it is the first of many 2. Trump says section 301 trade action with China could be about $60 Bln in tariffs 3. ECB President Draghi gave an optimistic outlook to EU leaders but warned that protectionism is the largest economic risk Although, we will hear a lot of comments in the following days, and do not exclude more spikes in volatility and change in price direction as news come in. Caution!
FX:GER30
by TheTrade_Academ