Tradewar
ORBEX: NZDUSD, USDJPY: Traders Taken By Surprise #RBNZ #TrumpIn today’s #marketinsights video recording, I talk about NZDUSD and USDJPY FX Majors
Not only markets expected with 80% chance that RBNZ will cut rates which they never got, but the central bank also said that kiwi is expected to be supported in the medium term by the low exchange and interest rates.
USDJPY on the other hand, remained somewhat muted as Trump didn't provide any insights on the trade war situation. Despite the dollar's early gains, yen managed to win back some strength following a report that the US is considering imposing tariffs on EU automakers!
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Greenback Vs Yen (USD/JPY) Trade Strategy and Plan-Industries have not been hurt by the administration's trade actions.
-There is no uncertainty with regard to trade worse.
-The cost of doing nothing was killing us as a country.
-China starting big agricultural buys if they don't make a deal with China they will substantially raise tariffs on China imports.
-The situation between China and the US involves more conflict than the world has seen before, but eventually, we'll resolve it because this is the best way for both.
-There will be a trade deal.
-There will be one deal after another, and one issue after another will be resolved but it can take a lot of time.
"They are dying to make a deal. We're the ones that are deciding whether or not we want to make a deal," Trump said of China. "We're close. A significant Phase One trade deal with China could happen. It could happen soon. But we will only accept a deal if it's good for the United States and our workers and our great companies."
Aussi Vs Greenback (AUD/USD) Intraday Trading Strategy & IdeaWe had a negative tone to fear to feel at the beginning of the week, perhaps after Trump's news playing down positive China trade talks (incorrect coverage of US willingness to lift tariffs as part of a "step one" agreement). For now, the key level which I mention in chart 0.6850 had a break earlier and is now testing. The message to look for is a bearish one as long as the mood of the U.S .- China's trade front remains sour. NAB Business confidence data had been downtrend in past couple of months and morning it was better than last month though. If the U.S .- China feeling reverses (which is a very possible scenario), then a break above the key level 0.6850 zone is the technical signal to be interested in the role of long bias.
USD/JPY analysis, via Daily ChartAs we can see, this pair has formed an ascending wedge pattern, indicating a possible move to the downside. Price is floating in an area of supply that's dated back to May of 2019. If price forms a bearish candlestick pattern at that area of supply, prepare for further downside movement, breaking that ascending wedge pattern.
Aussi Vs Yen (AUD/JPY) Mid Term Trade Strategy & PlanWord through the forex town was that, depending on how the first step of the agreement works out, the U.S. and China are planning to roll back certain tariffs in tranches. Risk capital, however, had their rallies cut short when it was also revealed that within the U.S. government this proposal faced strong internal opposition. The monetary policy statement issued at the Asian session of the RBA indicated that the central bank refused to further lower rates. Besides seeing some signs of growth emerging from a soft patch and labor market resilience, officials are also concerned that further easing could convey an excessively negative performance view.
ORBEX:USDJPY Up on Possible Rollbacks,GBPUSD Down on Dovish BoE!In today’s #marketinsights video recording, I talk about the latest geopolitical and economic developments affecting #FXMajor pairs #USDJPY and #GBPUSD.
For one, US confirmed that rollbacks on previously imposed tariffs against Ciina are possible, pushing #safehavens down and #dollaryen to a fresh multimonth high!
At the #BoE meeting yesterday, #Carney re-cited #Brexit related downside risks but the board decided to hold #interestrates unchanged at 0.75%. However, this time, two policymakers voted for a cut, which suggests that one might be coming sooner than expected.
Meanwhile, the 2020 outlook for both #GDP and #inflation numbers were both downgraded.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Bitcoin - Long - Bullish Flag Formation We still see Bitcoin in a bullish flag formation and that the slope against the short term trend is a hesitation before a sharp move up in the cryptocurrency back above $10000. However, we would not want to see the cryptocurrency fall below the key support level at $8572 as Bitcoin can be seen as a safe haven and there has been progress on a trade deal between the US and China, with both sides agreeing to cancel some tariffs .
Why buying EURUSD is a great chanceLooking at the EURUSD daily chart, it clearly shows that it has come to a very important support level. That is a great reason for its purchasing. The stops are relatively small - about 30-40 points, and the profits, in this case, are about 100 points (the nearest strong resistance is located in the region of 1.1160). That is, purely technically, taking into account adequate money management (the profit margin is 2.5 times higher than the stop value), so that is a nice opportunity for earning.
The fundamental background is the only thing that can negatively influence. In our opinion, the situation with the euro does not look hopeless and the chances of supporting 1.1060 are quite large.
The Eurozone economy is experiencing tough times. However, yesterday's data on retail sales and business activity in the Eurozone came out better than expected, which is more important that the indicators showed a positive trend: retail sales grew by + 0.1% with a forecast 0%, and the composite PMI index was 50.6 with a forecast 50.2 ( the value of the indicator above 50 indicates an increase in economic and business activity). Against the background of rather weak data, these signals have been extremely positive.
Leaving the EU without a deal option is eliminated from the agenda. which is great news for the euro. Against this background, the pound rose by 1000 points. And the euro added only 100-200 points, it means that the euro did not worked out yet. Why should the euro grow because of the information that the “hard” Brexit will not take place? The fact is that Britain’s exit from the EU without a deal is not only about losses for the UK but also multibillion-dollar losses for the Eurozone economy, therefore potentially serious problems for the euro. So the removal of this issue from the agenda is a positive signal in favour of purchases of the euro. Its descent below 1.10 was an attempt to discount under exit without a deal. And since it does not take place, then the euro should return to its original position, to grow.
Trade war escalation between the US and the EU is delayed while approaching the end of trade wars between the US and China. For the euro, this is a positive signal. Let us explain: the locomotive of the Eurozone economy is Germany.
The German economy is export-dependent, that is, its success/failure is determined by the state of global markets, primarily China. The end of the trade wars between the United States and China will give a powerful impetus to the return of the world economy to the normal statement and one of the first to benefit from this will be Germany. In turn, improving the state of the German economy is improving the state of the Eurozone as a whole. And this is will reflect positively on the euro.
So, we do not see serious threats to the euro at the moment. Rather, on the contrary, there are good opportunities for buying exceptionally cheap euros.
EURUSD Could Test 1.10000 Level After Double TOP Neckline Break!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
EURJPY (Cross) Likely To Decline Towards 120.200 level!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
ORBEX: WTI, GOLD: China Wants US to Roll Back Sept's Tariffs!In today’s #marketinsights video recording, I talk about #crude #oil and #gold.
Flows seem to have been affecting the two assets in different ways; potential oil production cuts were somewhat offset with #tradear narratives as China is asking the US to roll back September's tariffs, and gold slid lower on the back of a stronger dollar owed to positive #ISM data and weaker majors such as the #euro and #pound.
From a technical perspective, #wti's correction seems exhausted, whereas #xauusd's slide could have either ended (or ending currently) or we might see another downside leg to complete minor 4 lower.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
LOONIE Likely To test 1.30600 After EMA 50 & Trendline Break Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
Dollar in danger, trade optimism and commodity markets go upThis week, as we noted yesterday, will not be rich in fundamental events, so markets have focused on the trade war.
China deal is likely to be signed in November. Added to this positive news the information that the United States may not set tariffs on imported cars from Europe and Japan.
Naturally, the safe-haven assets adjusted against this background. Despite yesterday's decline, we continue to recommend the purchase of gold and the Japanese yen. Entry points based on yesterday have become even more attractive.
Therefore we observed the growth in the commodity markets. Recall, we recommend buying oil in the region of $ 60 (brand WTI). Especially when you consider the latest news that the IPO Saudi Aramco is finally completing its long epic. With the current information, on December 11, shares of the company can be offered for trading on the Riyadh Stock Exchange.
Returning to the foreign exchange market, we note that the dollar looks less strong in the foreign exchange market. According to the Commodity Futures Trading Commission (CFTC), speculative rates on the growth of the dollar on the Chicago Mercantile Exchange fell by almost two-thirds. Thus, speculators sell the dollar for the second week in a row, and if this trend develops, then in the next reporting period its net position may become short.
So we recall our recommendation to sell the US dollar. The sale of USDCAD seems to be promising. According to CFTC, the net long speculative position on the Canadian dollar reached its most bullish level since December 2017. That is, the markets are very aggressive and it is worth to join the general rush. However, sales of the dollar against the yen, the euro and the pound also look quite prospective.
As for today, the Reserve Bank of Australia expectedly left the rate unchanged. And the most interesting event in terms of macroeconomic statistics today is the publication of the ISM index of business activity in the US services sector. Also, pay attention to the data on the US trade balance.
CN50USD -Ascending triangle formationChina 50 creating a Ascending triangle formation, watch out for divergences going ahead on RSI and price action. Also, ROC over 0 In the positive direction may encourage upwards trend and otherwise in case of sub zero.
Watch out for trends on movements
We are approaching climax and breakout zone and in the Set up stage now . Interestingly, on Daily charts, CQQQ, the technology index for CQQQ tried to make an upward move but came back in zone too. but approaching climax zone. It will nice to see how they all develop going ahead.
Look out for more in this space
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ORBEX: Risk Aversion & Poor Data Move USDCHF & USDCADIn today’s #marketinsights video recording, I talk about trade war uncertainty and Trump's impeachment and how has safe-haven Franc reacted to the latest headlines!
I also talk about Canada's poor GDP figures, a bit more certain given the numerical value, and analyse USDCAD's rise.
With Fed flows still weighing on markets, #NFP hours ahead and #ISM closing the session it's going to be a very interesting weekly conclusion.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
EURAUD Short Trade Executed! Price Aiming For 1.61850 LevelHello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
ORBEX: Trump Comment Reduces Haven Flows, Brexit Extended Again!In today’s #marketinsightsi video recording, I talk about the rise of optimism around US-Sino trade and how it could impact #USDJPY until the two leaders meet next month.
On top of the latest #Trump related flows, the pair will be affected perhaps positively from this week's #FOMC meeting as markets are expecting the Fed to cut interest rates again!
I also picked #EURUSD on the back of yet another #Article50 extension and as #pound seemed a little "out-of-touch" with the latest developments surrounding #Brexit.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice