Gold is pulling down as risk off sentiment creeps into markets. Whether this will be sustained will be down to a continued short side bias. Nonetheless, key levels can be noted. Would not consider anything long until lower and even so with a very light size. Re-shorts reasonable back near high (new key level).
USD strength has persisted post strong economic data. FED rate cut bets have dropped opening up the door to rises, in comparison with the BOC cycle (quicker easing). Growth looking to have flatlined in Canada also not helping. Looking for follow through on any price rejection. Technical case for shorts has been around for 2 years or so and these areas have been...
Markets are calming somewhat pre NFP and importantly pre election. The lack of USD weakness off the back of stronger economic data previously is the main culprit alongside a lack of demand for Antipodean currencies. This, unsurprisingly has not changed. Price levels below are far more favourable for traders and there is still no impetus for longs (see current...
Governor Ueda was on the wires last night with variance comments supporting a slightly stronger Yen. Lots of caution was issued but overall seems that slight leaning to hikes/when they'll be has given a bit of a shift in sentiment. Unlikely BOJ will allow another series of devaluation and likely look for rate hikes to control currency rates VS major...
Here's another live price action training video. You can put your accuracy up with simple rules, here's how.
This upcoming budget could have a large impact on UK markets and the GBP. Lots to talk about and discuss, as well as charting to be done.
Here's part 2 of my price action training series. Teaching how to see market formations and react to data, easily. Watch, take notes.
EUR/GBP at ideal areas for swing longs (may take time). Pair has ranged evenly for 9 years, sentiment case slightly favouring Euro upside.
Hey, Here's a lesson on using price action to close trades in gains constantly. Video success rate is huge, take notes.
Recent USD weakness is causing a slight PB on USDJPY. BOJ not desperate to raise rates and reacting to price movements. Key levels noted.
Gold is falling as traders take long side profits and sentiment shifts. Here's my key levels for entry/exits.
Some comments coming out of the ECB on tentative easing likely in DEC. This re-balances the USD playing field slightly.
Slight Risk Off feeding into Markets post data today. Dollar strength really continuing as expected, with no real change since higher retail sales and hotter jobs data. In risk off you also see weakening in Antipodean currencies, as you can see further for AUD/NZD now across the whole Market. Would not be surprised at all if we continue lower to the bottom end...
Ever since the BOC has undertaken a quicker easing cycle (and signalled more of it) we have seen a lot of CAD shorts come into play. Removing investment from CAD due to lower ROI is a direct cause of easing, and easing quickly. Largely expected that another cut comes today at a 50 BPS consensus. It remains yet to be seen whether this cycle is too fast. The FED...
I utilise all key MA's - 20/40/100/200 for a continually reliable system. They will show you what is a 'good/bad' price at any time. Learn that, and you will get better entries/exits.
This is how I trade all Markets for income. You can protect capital in various ways, with various risk approaches. I've found that on Markets like oil, this is far more profitable.
After seeing some sentiment across the wires regarding a growing number of holders in ETH, the positive side case does seem increasingly important. Recent price action has suited a sideways 'uncertain' market, which also comes in despite of further 'Risk On' sentiment out of the FED which typically causes further inflows. This particular Crypto Asset mostly just...
ECB speakers are coming onto the wires later today. We already know from previous rhetoric that the ECB expects things to follow suite but is not making huge jumps or announcements. They have mentioned they expect easing and things are going well, but are not announcing exactly what they are going to do. This speech is likely to confirm that and I do not expect...