ORBEX:SPX,DXY -Tradewar Deal Next Month! Brexit Today, Tomorrow?In today's #marketinsights video recording I analyse #SPX and #DXY #Indices!
Equities and Cash Indices are both affected by growing confidence surrounding #tradewars, #Brexit and of course, the upbeat US earning reports that keep coming out!
With Mr Trump expecting a #tradewar deal by the middle of next month and BoJo willing to push through his latest EU-agreed deal through parliament today or tomorrow, it's going to be an interesting start to the week.
Meanwhile, the economic calendar is light today, Monday, making headline news a good market mover!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
US
ORBEX: DXY, SXP Affected by US-Sino TradeWar ReescalationIn today's #marketinsights video recording I analyse the US Index and S&P 500
What affects #DXY and #SPX:
- China cancels a visit to US farms
- Trump says no need for trade deal before 2020 elections, in response to Chinese cancelation
- US President also says won't do a partial deal, only complete deal
- Fed rate cut
- Dovish banks
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
Crude Oil - Middle East Tension supports technical outlookTVC:USOIL
Trade Idea
Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs.
Descending triangle has broken higher
Double bottom formation has formed
Price action above Ichimoku cloud
Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed
Expecting further build of tension and possible repercussions following attack
Could escalate further causing prices to rise
Stop would be placed below $52.50
EUR/USD forecastLet’s talk a bit about USD. December job report has been strong with the US economy adding the most jobs since February. However, an increase in average hourly earnings won’t be enough to keep the dollar strong this year. Yes, over the short-term, we will see a rally in USD, but over a long-term dollar will dive.
We expect 2 rate hikes this year. In recent speech Powell said all need to be prepared for flexible policy. This message brought worries into the markets. I don’t think investors trust much Powell and Fed. And should they?
Greatest periods of economic growth were till Fed was established. What happened after? – Well, 10 recessions, few bubbles, Great Depression… Thomas Edison and Henry Ford warned us about this useless and dangerous system.
I am not a Fed hater and I don’t think Fed as institution is a problem. Most important is how it’s managed, its policy and how transparent it is. Fed is trying to do all to keep you (and your money) away from gold and other markets. All they want is to sell their debt notes. Yes, Fed is a huge debt machine. The result will be terrible. I believe the debt bubble will be reason of the next financial crisis. I know many people trade crypto. But I don’t think it has a future. Central banks could make electronic central bank money many years ago. But they didn’t, because they don’t need it. There is no place for crypto in the central banks system. Sooner or later blockchain will be killed, as it happened with Esperanto. To be honest crypto is the 21 century version of tulipomania – don’t spend your money and time on it. Trade and invest into real assets ans it’s derivatives.
A few weeks before the finicial crisis Bernanke kept repeating how strong is US economy and no drop of real estate prices will happen, having clear understanding world economy was in danger. What did they do to prevent it? – Nothing. Were they so stupid to fail? – No, they just didn’t care. $ 6 trillions were given out to support banks. Isn’t that funny? – Banks created 2008 crisis playing Mortgage CDO. Always, taxpayers pay for the crisis, not banks or Fed. Think about it, maybe Henry Ford was right and we have to change the system? But let’s come back to making money and see EUR/USD chart.
Based on Fibo levels, I expect 1.1425 should be tested So, watch this range and go short if it gets rejected with same sl above daily resistance. Wave 3 should send this pair to 1.11650 and final wave to our target 1.11200. This range should be reversal point and big buying opportunity for long term traders.
AUDUSD | Another Technical view | Bulls fighting for freedom!AUDUSD | Another Technical view | Bulls fighting for freedom!
Hello guys again!
Here is my technical analyse and price prediction about AUD/USD.
If you are looking for a Buy, you can check & get some information where is the best point for an open position.