SBtrader82

04:02

SBtrader82

Yesterday BOE confirmed what expected about the interest rate decision and market quickly recovered a multiday sell off and tested the low of a 5 months range. The question is "will we stay out of range"?? I won't consider the short side, my only point is that if we re-enter the monthly range we might expect some moves higher and we might have some great risk...

08:28

SBtrader82

In the last few trading sessions USD has weakened against most currencies, and has reached some key areas. After 4 days of selling in USD pairs it's fair to expect some retracement. Current levels in USDCAD and USDJPY allow to take Trades with high risk reward. On top of that we have news coming out on Wednesday. 10th May (tomorrow). Big money won't take strong...

SBtrader82

By comparing the charts of US indexes vs European indexes we usuallly find pretty much the same patterns. However there is something that really caught my attention, compare the monthly chart of sp500 vs Dax: DAX is only 6,54% from all time highs of 2022 SP500 is 15,40% from its all time highs of 2022. NASDAQ is 28,45% from it's all time highs of 2022 This...

07:48

SBtrader82

UK inflation at 10,5% sparkled a rally in GBP that might continue for several days, pushing GBPCAD into the historical range 1,68 / 1,76. Inflation data that were published 2 days ago confirmed that UK is still laggin in its figth against inflation. Canada's inflation on the other hand has already decreased substantially since June 2022. Technically GBP-CAD has...

SBtrader82

Today (17/01/2023) At around 4pm Paris time there was a relevant sell off in EUR , this was the result of a comment from BCE saying that it is cosidering raising rates at 0,25% on March instead of 0.5%. This might be important for next few days. EURO/GBP took out a 4 days rally in just one day, This is something significant and might be the beginning of a new...

04:59

SBtrader82

Keeping perspective will help us take a reasonable trade that might last a couple of days. We are trading between two ranges but "conceptually" we are trading above the lower range of ES! Yesterday (10 January) was crucial! traders interpreted the late Monday selloff as a bearish sign and kept selling the market without realizing that big hands were just...

SBtrader82

Eur-GBP is trading above November highs, we already have a good excell low, showing that price is holding close to the highs of multi week range. We might now need to explore the highs of the range! if we exit range and hold, we might see a rally to 0.895 region! The 0.9 level is a clear Psychological level and it has been the most "accepted" price from June...

SBtrader82

Today FED increased interest rates by 75 basis points as expected , there were some huge movements in the FX markets. After a first rally of USD against major currencies, there was a counter movement that suggested that the worse was over....or at least until Jerome Powell started to speak. Powell promised further hikes down the road that might bring the funds...

SBtrader82

Further increase in interest rates migh push gold lower! Gold has been more bearish than equities and might retrace strongly in the following weeks.