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ridethepig | JPY Market Commentary 2020.02.26On the risk side, US10Y bouncing from the lows while Global Equities attempt to form a s/t floor. Central Bank co-ordinated policy is only a matter of time, markets have forced FED, ECB, BOC, BOJ, BOE and everything in-between to kiss the hand and keep rate cuts on the table. JPY is itching to resume dancing the same rhythm but given USD demand via month end rebalancing there will be room to sell USDJPY from cheaper levels later in the week. Look to fade any rallies into 110.7x with initial targets located at 110.3x and 109.8x. Invalidation of the view comes with a breach of 111.2x. Thanks for keeping the support coming with likes, comments, charts and etc!
Short
by ridethepig
2
Epidemic is fading & expanding, the Germany recessionThe basic news background is still unchanged: the number of new cases in China is decreasing (+/-500 per day), that is, the epidemic is decreasing. But this is offset by an increase in the number of cases outside of China. And an epidemic from local is increasingly striving to become global. Lockdown in Northern Italy, panic in Iran, growth in the number of cases in South Korea (already under 1000), lower forecasts for financial results from leading companies - all this puts pressure on risky assets, the outcome of which continues. Experts continue to voice new estimates of the damage caused by the epidemic to the global economy. For example, at Oxford Economics Ltd. voiced a specific damage figure: minus $1 trillion of global GDP. Recall that the damage includes direct losses from the downtime of the Chinese economy, losses in tourism and entertainment, as well as in the destruction of global supply chains, a decrease in global trade and investment. At the same time, news about the development of an effective vaccine (the release is scheduled for April), as well as about the desire to allocate about $ 2.5 billion to the Trump administration to fight the epidemic and develop a vaccine, helped to temporarily defuse the situation, which made it possible yesterday to buy gold at great prices. In general, the tactics of buying gold on the slopes proved to be quite effective. So today we will continue to use it, especially since yesterday gave clear price guidelines - where the price might go. Macroeconomic statistics naturally continue to remain in the shadow of news about the epidemic. Nevertheless, we continue to monitor the state of the global economy. Germany reported yesterday on GDP growth rates in the fourth quarter of 2019. Growth turns up zero. Thus, the recession in the leading Eurozone economy was delayed for 3 months. But it looks almost inevitable. Saudi Arabia, meanwhile, pretty upset buyers in the oil market. The point is that OPEC+ was never able to agree on anything. Against the background of expectations of a decrease in oil demand in the world, the news looks like a bearish signal. Recall that we recommend looking for points for oil sales - the fundamental background is so far extremely negative. Well, do not forget to sell euros on growth, as, for example, this could be done yesterday. The economic situation in the Eurozone looks extremely unsightly, and the visit of the coronavirus to Italy (over 200 patients) makes the sale of the euro, in our opinion, an almost risk-free transaction. Our basic positions today are unchanged: we are looking for points for buying gold (but we are careful - we buy on the slopes with mandatory stops), we sell oil, we sell EURUSD, we buy GBPUSD, we sell USDJPY with small stops.
FOREXCOM:XAUUSDLong
by Trade24Fx
2
WE CRUSHED IT AGAIN! VIRUS CURE SHIPPED! - GOLD CRASHES! - READFOLKS, EVERYONE, WELL MOST, POSTED NEGATIVE COMMENTS WHEN WE SAID GOLD WAS A BUBBLE RUNNING ON HYPE, FEAR, PANIC AND MOST OF ALL, "FAKE NEWS" WELL...GOLD DROPPED LIKE A ROCK FROM ITS HIGH TODAY LIKE WE SAID WAS GOING TO HAPPEN WE MADE ALMOST $20 FROM TODAY'S HIGH SHORTING GOLD WHEN IT HIT $1688.66..!!! AFTER HOURS ITS STILL SINKING AND VERY ACTIVE AS TRADERS RUSH TO GET OUT TODAY'S 1000 POINT DROP IN THE STOCK MARKET WAS ABSOLUTELY OUTRAGEOUS AND COMPUTER GENERATED YES, "FAKE NEWS" PLAYED A MAJOR ROLL TOO CHINA VIRUS CURE SHIPPED - WE SAID THIS WAS GOING TO HAPPEN SEVERAL HOURS AGO BEFORE THE JOURNAL REPORTED IT...NOBODY BELIEVED US..? WALL STREET JURNALAL - 2 HOURS AGO www.wsj.com THE SELL OFF WAS CAUSED BY "FAKE NEWS" AND WAS EXTREME ESPECIALLY GIVEN THE FACT THAT COKE ALREADY SAID THE CHINA VIRUS "WILL NOT" HURT EARNINGS. "MIGHT" CAUSE 0.01 TO 0.02 CENT CHANGE, THAT'S IT.!! WE ARE BUYERS OF QUALITY STOCKS AT CURRENT LEVELS BEST OF LUCK WITH YOUR TRADES!! DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
TVC:GOLD
by UnknownUnicorn3159981
1
CURE FOR CHINA VIRUS - BREAKING NEWS! - BUY THE DIPS IN STOCKS! WATCH WHEN SEVERAL DRUG COMPANIES LAUNCH A CURE...GOLD WILL TANK! BREAKING NEWS... Coronavirus treatment: Vaccines/drugs in the pipeline for Covid-19 www.clinicaltrialsarena.com GOLD IS WAY DOWN FROM WHEN WE FIRST POSTED TO SELL GOLD...WE MADE A HUGE PROFIT ALREADY! DO NOT SELL STOCKS INTO THE "FAKE NEWS" PANIC...GOLD IS OVER PRICED, HYPED AND FRANKLY, THERE IS A HUGE RESERVE OF GOLD THROUGHOUT THE WORLD. DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
TVC:GOLD
by UnknownUnicorn3159981
FAKE NEWS PANIC! BUY THE DIP IN STOCKS!! THIS IS CRAZY!FOLKS...LIKE WE'VE BEEN TELLING YOU... THE FLU KILLS OVER 80,000 PEOPLE A YEAR IN AMERICA ALONE. THE CHINA VIRUS IS "FAKE NEWS" AND THE "FAKE NEWS" CONTINUE PUSHING THEIR CORRUPT AGENDA TO TANK THE ECONOMY BEFORE THE 2020 ELECTION FACTS AND STATS FROM THE CDC...SEE LINK The World Health Organization estimates that worldwide, annual influenza epidemics result in about 3-5 million cases of severe illness and about 250,000 to 500,000 deaths. www.medscape.com THE VIRUS WAS PLANNED AND STARTED. THE VIRUS WAS NO MISTAKE OR AN ALL OF A SUDDEN VIRUS. THE VIRUS WAS RELEASED IN CHINA TO TANK THE GLOBAL ECONOMIES! DO NOT SELL INTO THIS "FAKE NEWS" CORRUPT AGENDA BY THE DIRTY FAR LEFT LIBERALS, DIRTY DEMOCRATS AND CORRUPT POLITICIANS! THE DIP TODAY IN THE STOCK MARKET IS A BUYING OPPORTUNITY! DISCLAIMER This website and our posts are for general information only. No information, forward looking statements, or estimations presented herein represent any final determination on investment performance. While the information presented in this website and our posts has been researched and is thought to be reasonable and accurate, any investment is speculative in nature. StockKid, and/or our agents cannot and do not guarantee any rate of return or investment timeline based on the information presented herein. By reading and reviewing the information contained in this website and our posts, the user acknowledges and agrees that StockKid, and/or our agents do not assume and hereby disclaim any liability to any party for any loss or damage caused by the use of the information contained herein, or errors or omissions in the information contained in this website or our posts, to make any investment decision, whether such errors or omissions result from negligence, accident or any other cause. Investors are required to conduct their own investigations, analysis, due diligence, draw their own conclusions, and make their own decisions. Any areas concerning taxes or specific legal or technical questions should be referred to lawyers, accountants, consultants, brokers, or other professionals licensed, qualified or authorized to render such advice. In no event shall StockKid, and/or our agents be liable to any party for any direct, indirect, special, incidental, or consequential damages of any kind whatsoever arising out of the use of this website, our posts or any information contained herein. StockKid, and/or our agents specifically disclaim any guarantees, including, but not limited to, stated or implied potential profits, rates of return, or investment timelines discussed or referred to herein.
TVC:GOLD
by UnknownUnicorn3159981
USD/CAD Long probabilityTechical view On Daily Timeframe we can see USD/CAD is moving in channel for several months now. I will anticipiate buy position in the next couple of days. I am looking for 5th impulsive wave. I would consider my buy positions around 1.32250 after price action confirmation, with SL around 30 pips just below uppert trend line. TP1 will be at 1.33143 (possible Trunaction) if not TP2 at 1.33950 ( wave 5th is compleate). I will also point out 50% Fibb ratrecment at. 1.33143 and 61.8% Fibb ratracment at 1.33950. After touching these levels I will look for Sell oportunities.
Long
by NecP
2
ridethepig | ZAR Market Commentary 2020.02.17Here tracking for a very technical pullback after a test of last week's open. Positioning is incredible stretched meaning the tree can be shaken at any minute, I want to get long USDZAR but reluctant to chase anything at these levels. Tracking a pullback into the 14.7x jurisdictions before doing anymore business here. A similar move for those tracking USDTRY: A breakdown is not necessary or fundamentally attractive in both TRY and ZAR, sitting tight and looking for cheaper levels in both makes sense to me. Market might give some of the high beta currencies a bid in the illiquid flows before EM FX receives a major hammer later in the week.
Short
by ridethepig