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  1. Last week
  2. Method of analysis: Locked-in Range Analysis Period: 10 January - 15 January Currency futures: Euro FX, Japanese Yen, British Pound, Australian Dollar, Canadian Dollar, Swiss Franc, New Zealand Dollar * A maximum potential profit of the Gravitation Locked-in Range
  3. re our ‘money’ Howard Wang
  4. Date : 13th January 2021. FX Update – January 13 – USD & Yields stall their run, Politics swirls. FX News Today USD reversed its 5 day run as Yields stalled too. House vote tonight to impeach President Trump, (YouTube have banned him for 7 days), Pence will not initiate the 25th Amendment to remove him. The symbolism is significant, no President has ever been impeached twice. Equities flat too (UBER +7.24%,TSLA +4.72%, FB -2.24%, GooGL & NFLX -1.00%) Asian markets also flat. GBP rallied after Bailey pushed back on Negative Interest Rates. Oil rallied over 1% after surprise inventory drawdowns peaked at $53.90, AUD pegged by possible RBA “push back” to strong AUD. Gold recovered $1850.China reported its largest daily new COVID-19 cases in 5 months.USDIndex – Back under 90.00 from rejection of 90.50 yesterday. Trades at 89.95 just over S3 – PP 90.40 – S3 89.90, S2 90.07EUR – Recovered back over 1.2200 (R2) – Trades at 1.2215 now– PP – 1.2157. R3 1.2225 –JPY – Reverses under 104.000 – after rejection 104.50 on Monday. – Trades at 103.68 (200hr MA). – PP 103.90, S1 103.55GBP – Big rally – spurred by USD weakness and Governor Bailey pushing back on Negative Interest Rates. Breached 1.3600 after multiple attempts – rallied to 1.3690 – PP 1.3585, R1 1.3668, R2 1.3715AUD – Over 0.7700 yesterday to test 0.7770 (R2) now. R1 0.7748 – NZD – Over 0.7200 yesterday to test 0.7240 (R3) now. r2 0.7215 CAD – back to test 1.2700 (S2) today as Oil rises – S1 1.2725, S3 1.2664 from Friday CHF – Trades back to 0.8850 (200hrMA) and under S3 (0.8865)- PP 0.8900 BTC – Back to around $34,600. – PP today 34,500, r1 36,600, s1 32,800GOLD – Recovers over 1850 (PP) – Trades at 1860 (R1) – R2 1875, PP 1840 USOil – New 11-mth high $53.90 (R2) after surprise drawdown in private inventories (EIA data later). R3 $54.70, r1 53.55.USA500 – Closed up 1.5 (+0.04%) 3800 – USA500 FUTS now at 3808. 48 days north of 20SMA (3740).Today – EZ industrial production, US CPI, ECB’s Lagarde, Fed’s Bullard, Brainard, Harker, Clarida Biggest (FX) Mover @ (07:30 GMT) GBPAUD (+0.23%) 5th day higher – Bounced from 200MA on open, testing 1.7625 now, key resistance 1.7650. Fast MAs aligned and trending higher, RSI 59 and rising, MACD histogram & signal line aligned higher and north of 0 line from Monday open, Stochastics rising to OB. H1 ATR 0.023, Daily ATR 0.0125.Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  5. XRPUSD Is Ranging Within $0.28 and $0.21 Levels, Awaiting a Breakout XRP/USD Market January 06 An increase in the bears’ pressure may penetrate the $0.21 level; the price may decrease further to $0.17 and $0.10. In case the support level of $0.21 holds, the price may reverse and the resistance levels of $0.28, $0.39, and $0.49 may be tested. Key Levels: Resistance levels: $0.28, $0.39, $0.49 Support levels: $0.21, $0.17, $0.10 XRP/USD Long-term Trend: Ranging XRPUSD is on the ranging mode in the daily chart. The coin is range-bound within the resistance level of $0.28 and the support level of $0.21. XRPUSD started the ranging movement on December 30. The bears made an attempt to break down the support level of $0.21 failed due to low bearish momentum. Today, the bears try to penetrate the resistance level of $0.28 but the level holds and the price could not break it up. Ranging movement will continue until there is a breakout. XRPUSD Daily chart, January 06 XRPUSD is struggling to breakout at the two key levels but the levels hold the price. An increase in the bears’ pressure may penetrate the $0.21 level; the price may decrease further to $0.17 and $0.10. In case the support level of $0.21 holds, the price may reverse and the resistance levels of $0.28, $0.39, and $0.49 may be tested. However, the price retains its trading below 9 periods EMA and the 21 periods EMA, the former is below the later. The relative strength index period 14 is at 25 levels bending up to indicate a buy signal. XRP/USD Medium-term Trend: Ranging On the medium-term outlook, XRPUSD remains in the ranging mode. The bears’ momentum and the bulls’ momentum are at equilibrium within the $0.28 and $0.21 levels. The support level of $0.21 is resisting the bears. The bears lose their momentum and the bulls’ pressure is equally weak. The price results in consolidation within $0.28 and $0.21 price levels. XRPUSD 4 hour chart, January 06 The fast-moving average is interlocked with the slow-moving average. The price is hovering over the 9 periods EMA and 21 periods EMA which indicates that consolidation is ongoing. However, the relative strength index period 14 is bending up at 60 levels to indicate a buy signal. Source: https://learn2.trade
  6. Litecoin (LTC) Resumes Upward Move as Bulls Buy the Dips Key Highlights Litecoin slumps to $121 low and resumes upward The altcoin will further decline to $73 if the support at $120 cracks Litecoin (LTC) Current Statistics The current price: $144.63 Market Capitalization: $9,613,048,370 Trading Volume: $12,189,426,086 Major supply zones: $120, $140, $160 Major demand zones: $90, $70, $50 Litecoin (LTC) Price Analysis January 12, 2021 Litecoin has fallen to $120 low as the coin resumed its upward move. The crypto has fallen into the previous range bound zone of $120 and $140. LTC will retest the $180 resistance if the bulls clear the $140 and $170 minor resistance levels. On January 10, Litecoin was repelled as the bulls attempt to break the $180 resistance level. Meanwhile, the crypto has resumed upside momentum as the market reaches the high of $146. LTC/USD – Daily Chart Litecoin (LTC) Technical Indicators Reading After the breakdown, the LTC price broke above the SMAs which suggested an upward movement of the coin. The crypto is at level 51 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. LTC/USD – 4 Hour Chart Conclusion Litecoin has fallen to $120 low as the current support holds. This has propelled the price to rise on the upside. However, if the $120 support fails to hold, the Fibonacci tool price prediction will hold. On January 11 downtrend; a retraced candle body tested the 61.8%Fibonacci retracement level. The retracement indicates that the crypto will reach level 1.618 Fibonacci extensions or the high of $67.40. Source: https://learn2.trade
  7. Date : 12th January 2021. Market Update – January 5 – Georgia on everybody’s mind. Trading Leveraged Products is risky FX News Today USD continues to bounce (Day 5), and Yields up significantly as virus worries escalate and political uncertainty swirls. Democrats lodge papers to impeach President Trump if the cabinet doesn’t act to remove him. Neither of which are likely to come to fruition but the symbolism is significant. Equities lower (TSLA -7.82% & TWTR -6.4%), Asian markets mixed (Japan flat). Bitcoin crashed 20% before recovering 50% of loss, Oil recovered & Gold remains pressured by strong Yields. Overnight – weak Japanese bank lending and the worst UK Retail Sales figures since 1995, +4.8% vs 5.9% & 7.7% in Dec. USDIndex – 5th day higher from 33-mth low (89.15) and back over 90.00 but struggled over at 90.70 at 2-day high. Trades at 90.40 – PP 90.30 – S1 90.15, R1 90.65 EUR – 4th day lower – trades under 1.2200 (R1) – 1.2130 (S1) yesterday, for a 18-day low, back to 1.2160 now– PP – 1.2180. 3 Black Crows on Daily Chart completed. JPY – 5th day higher but stalled ahead of 104.50 (R2) yesterday – Trades at 104.12 (PP), R1 104.30, S1 103.92 GBP – down to 1.3450 (S1) yesterday. Back over 1.3500 and over R1 at 1.3555. PP 1.3510, R2 & 200Hr MA 1.3585 AUD – Under 0.7700 yesterday to test 0.7660 – back to PP now 0.7725 – R1 0.7750, NZD – Down to 0.7150 yesterday – back to PP 0.7180, R1 0.7210 CAD – 1.2835 high yesterday – trades at 1.2745 (PP & 200MA) – R1 1.2800 CHF – Trades at 0.8900 – up from 3 yr lows on Wednesday at 0.8757. PP 0.8850 BTC – Major Volatility yesterday – plunged 20%+ to $29,800. Retraced over 50% of fall – Back to around $36,400. GOLD – Tested 1820 as Yields rose – Trades at 1858 now, PP 1840 USOil – $52.70 high Friday – trades at $51.60 (R1) now – still elevated, after dip to $51.50. USA500 – Closed down 25 (-0.66%) 3799 – USA500 FUTS now at 3805. 47 days north of 20SMA (3735). Today – US NFIB Business Optimism, EIA STEO, BoE’s Broadbent, Fed’s Brainard, Kaplan, Mester, Rosengren, ECB’s de Cos Biggest (FX) Mover @ (07:30 GMT) NZDCHF (-0.40%) Bounced from 200MA on open. Breached PP (0.6384) earlier and tested R1 (0.6400). Fast MAs aligned and trending higher, RSI 57 and rising, MACD histogram & signal line aligned higher but remains south of 0 line this morning, Stochastics rising to OB. H1 ATR 0.0007, Daily ATR 0.0050. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  8. “Cancel culture doesn’t exist, they say. And yet with the flick of a switch, billionaire capitalists voted for by precisely nobody have just silenced a man who is still the democratically elected president of the United States”. Say something the algo's don't like and see what happens to you... Re: the coordinated (while wailing denials of doing such things) canceling, de-platforming, censoring, false flag gas lighting, and the full blown ‘lies are truth’ truth-twisting, inhuman nature of the propaganda machine called the ‘media’ I’ll just say one thing. The technocrats are forgetting the words of a true radical, Thomas Paine: “He that would make his own liberty secure must guard even his enemy from oppression; for if he violates this duty he establishes a precedent that will reach to himself.”
  9. chichihang, I know you are still waiting years later with rapt anticipation for answers to your question. One simple answer is : Run correlation studies on the returns of the two systems. If they correlate, positively OR negatively, do NOT 'combine' them. If the returns of the two systems have a low correlation, jump all over it. Overall performance may even exceed the 40 and 20% of the single system examples in the OP.
  10. The currency or forex market is a decentralized worldwide market. Today, it is the world’s largest financial market and has an average daily volume of about $5 trillion. A large currency trades involve the US dollar as one of the currencies in the currency pair. In Indian exchanges, currency derivatives segment provides trading in derivative instruments like currency futures on 4 currency pairs, cross-currency futures & options on 3 currency pairs (EUR-USD, GBP-USD, and USD-JPY). Demand and supply make the currency market work.
  11. It doesn't need to give you a 60% profit, but yet you can try it out by combining two strategies if it works well. Being a beginner to take chance is definitely risky.
  12. more... re What if the “Trump supporters” in DC were paid actors with a few available stirred up dupes recruited and the whole ‘condemable thang ‘ "constitutional crisis" was staged? Easy to pull off with complicit ‘campus’ police and complicit broadcast, social, and print media. “The news is fiction perfected.” ... some short videosyou may not have had access from social, broadcast, or print media https://www.naturalnews.com/2021-01-06-staged-viking-who-stormed-capitol-building-blm.html remember the media mantra for months and months and months “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” “Russia” https://www.blacklistednews.com/article/78942/russian-hacking-nato-psyop.html Is the Fed using the plandemic as cover to ramp up its monetary policy/'printing' ?
  13. Date : 11th January 2021. Events to Look Out for This Week. 2021 has started and even though it is set to be far better than 2020, January remains as stormy and volatile as its predecessor. In the week ahead, the markets are expected to continue to buy into the recovery story. In regards to data, this will be a week of increased attention to the global inflation releases and production numbers out of the UK and China. The markets also remain focused on potential further lockdowns and tighter restrictions. Monday – 11 January 2021 Consumer Price Index (CNY, GMT 01:30) – China’s recovery broadened further, as manufacturing sentiment measures were firm and a key non-manufacturing sentiment measure remained elevated. CPI is expected to accelerate to in December as well with a 0.1% y/y pace in December following the 0.5% decline last month. BoE’s Governor Bailey speech (GBP, GMT 15:00) Tuesday – 12 January 2021 BoE’s Broadbent speech (GBP, GMT 10:00) Fed’s Brainard speech (USD, GMT 14:35) Fed’s Rosengren speech (USD, GMT 19:00) Wednesday – 13 January 2021 Consumer Price Index (USD, GMT 13:30) –The December inflation reports should reveal a big energy-led gain for CPI with a moderate core price rise, and big increases for 0.4%m/m growth which would result in a 1.3% headline y/y increase. Thursday – 14 January 2021 Imports and Exports (CNY, GMT N/A) – Consumer demand picked up and exports also climbed, as trade flows resumed after the weakness in Q2 in China. This is expected to be confirmed also in December’s release as imports expected to raise by 0.5% and exports by 15%. Initial Jobless Claims (USD, GMT 13:30) – Initial jobless claims for the week of January 9 should remain elevated, though a -17k down-tick in the weekly pace to 770k has been assumed, after a -3k drop to 787k from 790k. Seasonal adjustment for initial claims was switched to being additive from multiplicative in September, and the usual seasonal rise in NSA claims through the holidays may be lifting the reported SA data with the new seasonal factors given the unusually high level of claims. We are likely also seeing a lift from expanding coronavirus restrictions. Fed’s Chair Powell speech (USD, GMT 17:30) Friday – 15 January 2021 Gross Domestic Product (GBP, GMT 00:30) – UK nations have gone into a ‘tier 5’ lockdown, the most restrictive level since the full lockdown of spring last year, although manufacturing, auto repair businesses, DIY and garden stores, remain open, along with food sellers. High street retail, aviation and other public transport, along with the hospitality sector, are bearing the brunt of the lockdown, as in other nations, although the percentage impact on GDP from these sectors being closed is bigger in the UK than most peers. The UK saw a bigger peak-to-trough GDP contraction than any other G20 nation in 2020 as a consequence of the national and global countermeasures taken to table Covid-19. With UK in lockdown season since November, November’s GDP figure expected to present a severe decline to 4.0% m/m with Manufacturing and industrial production at 0.7% m/m and 0.4% m/m respectively from 1.7% m/m and 1.3% m/m in October. US Retail Sales (USD, GMT 13:30) –A -0.2% December retail sales headline dip is forecasted with a -0.4% ex-autos decline, following respective November decreases of -1.1% and -0.9%. Unit vehicle sales rebounded in December, and this should support the auto dealer component. Typical strength is being undermined by rising coronavirus restrictions during the holiday shopping season. Producer Price Index (USD, GMT 13:30) – A 0.2% December PPI headline rise is anticipated with a 0.1% core price gain, following gains of 0.1% for both in November. As expected readings would result in a y/y headline PPI metric of 0.6%, down from 0.8% in November. A rebound in energy prices should boost the headline. Oil prices are rebounding after a fall pause and a bottom in April, thanks to a better supply-demand balance in the petroleum sector, and supply constraints for some sectors should remain problematic into Q1. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  14. How can I install and test it on my MT5 platform? Is it easily customisable?
  15. I like to trade breakouts I use Hotforex platform for that with python integration, they provide platform with low latency where scalping is possible.
  16. Start with demo account, for example with Hotforex MT5, spend some time learning platform functionality and then you are ready to test your hunch on live account. Just keep bet size small and never forget to control risks. Also avoid emotional decisions.
  17. Earlier
  18. Another useless question? Is the rate of "adverse" reactions to the COVID-19 vaccines approximately 50x higher than the average for annual flu vaccines? re DC questions and all these bizarre questions i been asking John Rutherford
  19. Date : 7th January 2021. Big Surprise from Germany & US data Preview. EURUSD, H4 German manufacturing orders jumped 2.3% m/m in November, which unexpectedly continued the pretty impressive rebound that the sector has seen since the last lockdown. Expectations had been for a slight correction from the 3.3% rise in October, but in the event the inflow continued at a robust pace, with domestic orders rising 1.6% m/m and foreign orders 2.9% m/m. The annual rate is now at 6.4% y/y – based on the seasonally adjusted series, and thus clearly above pre-virus levels. This is of course data that preceded the latest lockdown, although it is expected that the renewed tightening of virus restrictions won’t hit production too much, even if it means further hardship for the services sector. The latter also means that there still is the risk of a technical recession despite the impressive orders number. Indeed, part of the surge in orders may be due to precautionary stock building in the UK ahead of the official Brexit date and that could mean a drop back in orders at the start of this year as companies reduce stockpiles. US Initial jobless claims preview: Initial claims are expected to slip -7,000 to 780,000 in the week ended January 2 after a -19,000 drop to 787,000 from 806,000 at the end of December. Claims have been elevated in recent weeks amid the surge in virus cases and the more stringent lockdowns have seen renewed layoffs. Additionally, the holidays have been distorting. Remember, seasonal adjustments were switched in September, and the usual seasonal rise in NSA claims through the holidays may be lifting the reported SA data given the unusually high level of claims. Claims are expected to average 835,000 in December, following averages of 749,000 in November, 786,000 in October, and 855,000 in September. The 892,000 December BLS survey week reading exceeded recent survey week readings of 748,000 in November, 797,000 in October, and 866,000 in September. Expectations are still for a December payroll rise around 100,000 though risk is for a weaker print, and potentially a decline, (Barclays have a -50,000 figure) especially given the -123k decline in the ADP report yesterday. US trade balance preview: the deficit is expected to widen to -$67.2 bln in November, a 14-year high, after edging out to -$63.1 bln in October, and was at a 12-year high of -$64.9 bln in August. We expect exports to increase 0.7% to $183.2 bln, while imports rise 2.2% to $250.4 bln. The November petroleum price rebound has likely boosted both exports and imports of petroleum. We saw November pull-backs in vehicle trade after huge increases in every month since June, but large declines in each prior month since February. We expect a sustained high November bilateral goods deficit between the US and China of about -$30 bln as businesses rebuild inventories. For the year, we expect a -$55.9 bln average deficit, versus a -$48.1 bln average in 2019. US ISM services index preview: we expect the index to dip to 55.0 in December. This would be a third straight monthly decline as service sector activity slows, especially with the delayed stimulus, the surge in virus cases and renewed shutdowns. The index had surged to 58.1 in July, an 11-year high, amid reopenings of the economy. It was at 54.9 last December. Producer sentiment has remained firm despite the fall’s moderation as businesses scramble to rebuild inventories. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  20. What if the “Trump supporters” in DC yesterday were paid actors with a few available stirred up dupes recruited and the whole ‘condemable thang ‘ was staged? Easy to pull off with complicit ‘campus’ police and complicit broadcast, social, and print media. “The news is fiction perfected.” Whether the questions above or in yesterday’s post are true are not is not really the point. The point is not too long ago such questions were full blown tin foil hat stuff. No more. Now they are not ludicrous at all. I’m just sayin’...
  21. lets have a good start this 2021, and the list of webinars are good. happy trading people.
  22. Gold Price Analysis — January 6 Gold (XAU/USD) traded on a sideways pattern in the early European session on Tuesday, as the commodity struggled to capitalize on its bullish momentum from the previous two sessions. It appears that the market has begun pricing in the possibility of a Democratic win in the crucial US Senate runoff elections in Georgia. The final election results will not be out until the end of today, albeit with the increasing likelihood of a Democrat-controlled Senate. A Democrat-controlled senate will give President Joe Biden easier access to his preferred economic policies, including additional—and possibly larger—stimulus measures and infrastructure projects. This possibility has caused the US dollar (DXY) to come under immense pressure, thereby extending further support to the dollar-denominated commodity. Also, the prospects of stricter regulations for large tech companies—and the industry as a whole—caused the Nasdaq futures to slide by nearly 2%, which bolstered gold even further. Meanwhile, the 10-year US Treasury yield rose beyond 1% for the first time since March on the expectations of larger government borrowing. This rise is probably the only factor capping gains for the non-yielding metal. Also, investors are hesitant to place any aggressive bets ahead of the FOMC minutes scheduled for later today. In the meantime, the greenback’s price dynamics and the broader market risk sentiment will provide trading opportunities for the precious metal. XAUUSD – 4-Hour Chart Gold (XAU) Value Forecast — January 6 XAU/USD Major Bias: Bearish Supply Levels: $1950, $1965, and $1980 Demand Levels: $1920, $1907, and $1900 At press time, gold appears to be stalling near the top of our ascending channel as bullish momentum dwindles. That said, we expect a sharp price correction in the near-term to the lower-$1900 area. Our 4-hour MACD indicator pronounces the impending correction even better, as the commodity retreats from overbought territories. Source: https://learn2.trade
  23. Silver Price: XAGUSD in a Run Towards $27.50 As the Dollar Becomes Weaker XAGUSD Price Analysis – January 6 Spot silver (XAGUSD) is looking to break the $27.50 level as the white metal breaks out of its recent high of $26.77 during Monday’s early European session. Overall, the market remains patchy, but the dollar as a whole is weakening as markets wait to see what happens with US fiscal stimulus and Georgia’s run-off on January 5. Key Levels Resistance Levels: $30.00, $28.90, $27.50 Support Levels: $26.00, $24.50, $23.50 XAGUSD Long term Trend: Bullish XAGUSD price has convincingly broken to the upside of its range and the main resistance level to watch out for is the $27.50 that has capped its upside since 15th September. To the downside, the previous top of the old December range at around $24.86 level ought to offer immediate support, in case of an unexpected decline. Alternately, if the $27.50 level gives way then silver prices could be looking towards posting further gains in the medium to long term. Price action has been broadly consolidating near the $26.00 levels over the past few sessions. If it does break above, a gradual move towards the mid-September highs above the $27.50 level will be likely. XAGUSD Short term Trend: Bullish As seen on the 4-hour chart, silver appears to be launching toward a major technical barrier at the $27.50 level. In the event, the barrier holds intact XAGUSD is likely to gain support from 4 hours moving an average of 13 near the $26.77 level and return to extend gains against the US Dollar in the short term. A possible upside target is the upside range at $28.90 and $30.00 levels, in the meantime, it is unlikely that bears could prevail in the market. That said, a sustained break below will be seen as the first signs of bullish exhaustion and turn the pair vulnerable to fall further towards challenging the key $24.50 psychological mark. Source: https://learn2.trade
  24. Date : 6th January 2021. Europe and UK risks after the deal. The last two weeks were thin on data and full of trading holidays, but the last minute agreement on a Brexit deal and virus developments were key events and will be decisive for growth and central bank policy over the next months at least. The Brexit deal secured frictionless goods trade, but didn’t cover financial services, which has already led to some shifts. The sharp rise in Covid-19 case numbers over the holiday period and the resulting tightening and/or extension of restrictions meanwhile will put fresh pressure on economic growth and thus keep economies reliant on fiscal and central bank support. A Brexit deal materialized on Christmas Eve, and has since been ratified by the UK parliament and unanimously approved by all 27 EU ambassadors. The deal took effect on January 1, and in the Eurozone is operating on a provisional basis until the EU parliament formerly ratifies it. The new “Trade and Cooperation Agreement” provides tariff and quota free trading of goods between the EU and UK. For fishing there are transitional arrangements, but in general EU law will cease to apply in the UK, and the jurisdiction of the European Court of Justice will end. The biggest hurdles to a deal being reached were the level playing field rules and state aid issues, which were overcome with the principal of “managed divergence”, which gives both sides the right to a review and retaliation mechanism if they believe the other side has gained an unfair competitive advantage. Financial services are still in limbo though, despite the trade deal. The agreement struck between the EU and the UK, last week ensured tariff and quota free trade in goods, but the UK’s important financial services industry still doesn’t have clarification on what exactly will change in the future, as the deal doesn’t cover financial services. Some area are covered by “equivalence” assessments, but not all. Both sides hope to get a memorandum of understanding in place by the end of March, but that won’t be as high profile and extensive as the trade deal. Britain’s Financial Conduct Authority was forced to announce last week that it would temporarily alter its rules to ease fears of market turbulence in interest rate swap trades at the start of this year. The EU has so far not granted equivalence to the UK market to help smooth cross-border transactions and the FCA will temporarily allow London-based branches of European investment banks to trade on EU venues, as long as they are trading for EU clients. The relief will not apply to the firms’ trades on behalf of non-EU clients or their own proprietary trades and the measure will be reviewed on March 31. Share trading is also shifting and with companies not really expecting equivalence rulings to materialise may were prepared with big shifts reported for yesterday’s trade. An FT article (paywall) highlighted that on the first trading day of 2021 “nearly €6bn of EU share dealing shifted away from the City to facilities in European capitals”. This may not be the city’s biggest area of revenue, but it may give a flavor of what is to come. The FT also highlighted that EU regulators yesterday “withdrew registration of six UK-based credit rating agencies and four trade repositories — data warehouses that provide authorities with information on derivatives and securities financing trades. EU companies and investors will now have to use EU-based entities.” Meanwhile, the UK is back in the strictest lockdown since March last year and despite the rollout of vaccines, it may don’t expect restrictions to be lifted before the end of February. Germany is also extending its lockdown, with the hospitality sector and non-essential shops already closed for a while and now set to remain shut until the end of the month at least. Under discussion are also further restrictions of movement in areas were incident rates are particularly high. It may be the result of the new and more infectious virus mutation, or just the natural result of a more relaxed attitude over the holiday period, but it is clear that vaccination programs will take a while to have sufficient impact to get economies back to normal. Against that background data releases looked already out of date. The final December UK manufacturing PMI may have been revised slightly higher, to a 57.5 headline in the final reading yesterday, but like the German numbers the data already look outdated considering subsequent developments. German jobless numbers came in better than expected in December readings released today, with the sa unemployment total unexpectedly falling -37K over the month, despite the tightening of lockdown restrictions last month that saw restaurants, hotels and non-essential shops close once again. Expectations had been for a rise in the jobless total as well as the jobless rate, but in the event the sa rate remained steady at 6.1%. However, the fact that official numbers haven’t exploded is largely due to government wage support and job retention schemes, which have helped companies to hang on to staff. That is a costly exercise and not all companies will survive once government support ends and the ECB also starts to tightening policy. That means the real impact on the labour market from the pandemic will only become apparent over time and much later in the year. ECB waiting for fiscal stimulus after extending PEPP & Brexit deal takes pressure of BoE The EU has finally cleared the next medium term budget and with it the pandemic recovery program that will be jointly financed and should go some way to get the economy back on track. In the best case scenario, the ECB is pretty much on hold for now, although clearly if there is Brexit chaos or the virus situation doesn’t improve, ECB officials will be ready to step in with additional measures. Meanwhile in UK, developments could also lead to renewed speculation that the BoE will have to step in again, although the Brexit deal removed any immediate pressure on the central bank to consider negative rates. The BoE’s Monetary Policy Committee left official rates unchanged at the meeting in December, but extended the Term Funding Scheme by six months, while focusing on flexibility in the asset purchase program. Should market functioning worsen materially again, the Bank of England could increase purchases, but at the same time, there is flexibility to slow the pace of purchases later if the economy recovers as planned next year. Fiscal policy is already stepping in again to get companies and employees through this latest crisis and clearly with the budget deficit rising sharply BoE support will be needed to keep financing conditions favourable, even in the best case scenario. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  25. MetroLine 2 and the study of social biology ... Should you take all vaccine rollout policies with a grain of suspicion? Even when they come cloaked in language of inclusion, racial justice, and public health preservation? Ie When they will go to lengths of economic coercion for those with less wealth to assure they voluntarily take it? :facetiousface: ... Back in the day ‘they’ could sell pus as a vaccine and make money and get away with it. No more. Now they could NEVER EVER get away with packaging experimental gene therapy concoctions as a ‘vaccine’ and selling different formulas to different regions of the world for different experiments under the guise of a rescue from a virus that curiously has an extremely low kill rate and we don't really need to be rescued from - all with no liability, all with tax payer money... ... and ... Is it coincidence that the upper layers and players of vaccine development back in the day were ‘interested’ in eugenics and that the upper layers and players of vaccine developments today are also ‘interested’ in eugenics? “Eugenic goals are most likely to be attained under a name other than eugenics.” Frederick Osborn, co-founder of the American Eugenics Society (later renamed “Society for the Study of Social Biology”) in 1968. Eugenic goals this decade, this century are most likely to be attained under the name ‘vaccination’. ... just sayin'
  26. Date : 5th January 2021. Market Update – January 5 – Georgia on everybody’s mind. USDCAD, Oil & Gold The Dollar has been trading steadily so far today after yesterday rebounding quite sharply from 33-month lows. This has come amid a backdrop of sputtering stock markets, with narratives ascribing today’s two runoff elections in Georgia, which have existential implications for the incoming Biden administration (as the result will decide whether Democrats or Republicans will control the Senate), alongside the constant rise in positive Covid tests and associated restrictions, as providing excuses for markets to correct. The USDIndex has settled above the trend low seen yesterday at 89.42. EURUSD has concurrently settled lower, in the mid-to-upper 1.2200s, after yesterday foraying above 1.2300. USDJPY has settled around 103.0, and the Pound ebbed modestly lower as market participants continue to digest the UK-EU deal. The Aussie and Kiwi Dollars are showing gains over 0.5%, but remain below their respective highs from yesterday. The Canadian Dollar, meanwhile, recouped some of the ground it lost yesterday during a sharp drop in oil prices. Oil prices steadied today after yesterday seeing a sharp correction after posting 11-month highs, which in our view shouldn’t have been too surprising, what with the demand destruction being caused by the increasing Covid lockdown measures being taken in Europe and other major northern hemisphere nations, alongside increasing supply from both OPEC and non-OPEC producers, and with crude prices having already returned to pre-pandemic levels. USOil lifted back above $48.00 to $48.50 after tumbling by just over 5% from yesterday’s high at $49.80, just shy of the key $50.00. USDCAD rebounded by over a big figure from the 33-month low the pair saw yesterday, at 1.2664, though has since dropped back around the 1.2750 area. Bitcoin has settled after whippy price action yesterday, and remains over 8% down on its record high, as GOLD tests $1950.00, an area last visited November 9th, the day the yellow metal lost over 7%. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
  27. MetroLine 2 What if “flattening the curve” is actually the absolute worst thing humans can do when dealing with a ‘fresh’ virus pandemic?
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