Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

UrmaBlume

Today's Action by Intelligent/Predictive Agents

Recommended Posts

Firstly, it will depend on the exchange. Different exchanges report differently.

I think the CME will report in the smallest denominator, so your 100 lot bid will print as you receive the fills back 100x1lots.

 

2nd Q: 50x 1 lot prints at 50, 50x 1 lot prints at 75

 

So you're saying it'll print one hundred entries that are size 1? I thought it'd print one entry with size 100. I thought the time & sales printed the market orders. You buy 10 (single order) it prints one trade size 10. Doesn't matter who you bought them from, one person or ten.

Share this post


Link to post
Share on other sites
So you're saying it'll print one hundred entries that are size 1? I thought it'd print one entry with size 100. I thought the time & sales printed the market orders. You buy 10 (single order) it prints one trade size 10. Doesn't matter who you bought them from, one person or ten.

 

Whatever your 10 gets matched with is what CME prints. If there are 10 one-lots on offer, you will see 1 1 1 1 1 1 1 1 1. If there are a two 5 lots, then you will see 5 5.... If there is someone sitting on the offer with a 100 block, you will see a "10" print.

Share this post


Link to post
Share on other sites
Whatever your 10 gets matched with is what CME prints. If there are 10 one-lots on offer, you will see 1 1 1 1 1 1 1 1 1. If there are a two 5 lots, then you will see 5 5.... If there is someone sitting on the offer with a 100 block, you will see a "10" print.

 

Wow. Thank you for the explanation, I didn't know that. Very interesting.

 

Another question: If I want to detect large traders..

 

larger trader buys 100 and there are one hundred one lot traders on the offer, it'll print 100 trades so I can't detect him. correct?

 

so the only way to detect him would be if there is an even larger order than his on the book and it'll print a single trade 100 size.

 

So it seems pretty hard to detect these large traders. It would seem if one filtered T&S for a size, you'd only get a percentage of the actual large trades.

 

Thanks again I really appreciate the information.

Share this post


Link to post
Share on other sites
Alas, you're banging your head against the wall. There are many, many flaws with the logic sitting behind this. You have mentioned one. I have mentioned others (on either this or another similar thread). For example, the person you addressed has given thanks to a post since yours, but has not replied. Thus we know he is here, but can not answer.

 

If I understand correctly, you & the other guy are saying the logic behind the trade intensity is flawed. I've seen examples of trade intensity preceding market turns and I'm trying to understand the theory behind it and match that up with the arguments presented here (both for and against).

 

Here is an example today. I wasn't trading at this time but It was the first example I found after the open. This is my own TI indicator.

 

attachment.php?attachmentid=21412&stc=1&d=1276200555

 

I'm curious if we can come up with some kind of explanation. I did not change any of my settings for this example, I've been using the same settings for weeks now. I will admit that mine does not always signal turning points in the same minute as the turn, but it worked very well in the first hour today. In general if I'm not trading the signals seem to work better. :)

5aa710122f591_2tisignals.thumb.png.800afc8a93b0d094baf2f71c99ef58bc.png

Share this post


Link to post
Share on other sites

1. If you place a 1000 buy market order and it prints 1000, by some people estimation, this would be bearish because someone was sitting on the offer with size (one large seller filled your order). I dont have an opinion on this (whether it is bullish or bearish, provides an edge, etc.) as I've never done in-depth research on this, but my guess would be that it totally depends on context.

 

2. As far as tracking size, think about how you could potentially filter for this considering what information is known (time, price, volume).

Share this post


Link to post
Share on other sites

cunparis - "I've seen examples of trade intensity preceding market turns"

 

Just a note, there are probably plenty of examples of any indicator that might be found to do this. So it needs to be seen in context.

 

Also just to add to the debate - I hope without being seen to take sides as this is not the intention - it seems to me that the trade intensity is more about attempting to see a greater than normal volume fire through the market quickly - regardless of who is doing it and weather or not it originated as a buy or a sell.

When you see this, and the market price does not move sufficiently either with the prevailing trend, or as a reaction to it then it can possibly tell you that a "possible" turning point has been reached or at least some resistance or support has been found at this level. combine this with other factors and it might be useful.

This can have value to some one watching it closely enough.

eg; if a normal 1min time frame has 100 contracts trade in it, and the market is ticking up in an orderly fashion, all of a sudden 1000 trade in a minute and the market does not race higher, it implies the market has suddenly reached some resistance. This may imply that the current price may be a short term or even longer term turning point.

 

Can you tell, who it is, or what their intentions - i doubt it, and is this really relevant - probably not. It seems more along the lines of what someone mentioned previously that its a measure of execution styles, and abnormal volume without price movement.

(or I could be totally wrong :))

Share this post


Link to post
Share on other sites
cunparis - "I've seen examples of trade intensity preceding market turns"

 

Just a note, there are probably plenty of examples of any indicator that might be found to do this. So it needs to be seen in context.

 

I totally agree. Right now intensity is one of 6 criteria I'm using. I'll take a trade without it but I notice the bigger trades have intensity behind them.

 

Also just to add to the debate - I hope without being seen to take sides as this is not the intention - it seems to me that the trade intensity is more about attempting to see a greater than normal volume fire through the market quickly - regardless of who is doing it and weather or not it originated as a buy or a sell.

 

This was my original idea but since then I've added code for bid/ask and that has been helpful as well. I'm still working on understanding this. Sometimes selling is exhaustion at the end of a move and sometimes it's the catalyst at the beginning.

Share this post


Link to post
Share on other sites

IMHO,the logic behind this "trade intensity" is not necessarily flawed, but what it is flawed is the way is being use.

 

If you are small trader, it's not important why or who, the key issue is WHEN. Over focusing in the reasons and the assumptions will only delay the process of understanding that you CANT tame the market. The only thing you can aim is to reduce risk and increase odds. The rest is a game you CANT play without Real Capital. Information, Direct Access to Markets and advanced technology (in terms of execution and algos).

 

I find very interesting all this academic discussion and I am not against all this nice theoretical assumptions but again in practice the use of "trade" intensity" indicator is as good or bad (i will dare to say worst) than using a very basic slow stochastic on overbought/sold areas, especially if you are going to aim for 1or 2 points (you don't even need volume for that, the noise will be enough). At least the latter apart from theoretically give you "exhaustion" areas can also give you a trigger... At end the key if you are going to introduce an indicator (regardless of how sound are the assumption behind it) it has at least have to give you something "new" than can be translated in practice in real improvements on your trades ...again its WHEN not why or who.

 

Same chart with your same areas with a basic stochastic...

 

ecubru

 

ve3xug.jpg

If I understand correctly, you & the other guy are saying the logic behind the trade intensity is flawed. I've seen examples of trade intensity preceding market turns and I'm trying to understand the theory behind it and match that up with the arguments presented here (both for and against).

 

Here is an example today. I wasn't trading at this time but It was the first example I found after the open. This is my own TI indicator.

 

attachment.php?attachmentid=21412&stc=1&d=1276200555

 

I'm curious if we can come up with some kind of explanation. I did not change any of my settings for this example, I've been using the same settings for weeks now. I will admit that mine does not always signal turning points in the same minute as the turn, but it worked very well in the first hour today. In general if I'm not trading the signals seem to work better. :)

Edited by ecubru

Share this post


Link to post
Share on other sites

LOL....

 

Without wanting to start a fruitless discussion. That's exactly my point...what do you gain in practice with that information. "Yes soon will turn around to the short side" so what? by then even if you blindly and naively trade any stochastic signal you will have not only take the long (your "short" alarm) but also catch the perfect entry on the reversal short (the trade short you suppose to take after your alarm).

 

My point is that you are trying to catch a big fish with a small boat based on apparently "rational and logical" assumptions that big players do this or that. In other words it seem to me that this "early" or sometimes not early, as somebody mentioned before, warning signals you are talking about are completely dislocating from practice and common sense. If you are going to use such a small timeframe you get better bang for buck if you trade a very basic stochastic (btw, this is a shame for any "new" trading indicator to perform worst and give less info than a simple stochastic).

 

Obviously if you want to catch a larger swing (as apparently you do) and if you use common sense you just use a longer timeframe.

 

Same day, with the same very basic stochastic but using a longer timeframe. I guess that was the short you wanted to take from your tiny micro chart...

 

ecubru

 

vndowi.jpg

 

 

My first signal was a short and yours was a long.

Share this post


Link to post
Share on other sites

Same day, with the same very basic stochastic but using a longer timeframe. I guess that was the short you wanted to take from your tiny micro chart...

 

Your short signal was after the high. This thread is about "Intelligent & Predictive Agents". A stochastic cannot be predictive because it lags price.

 

No matter what chart I post, it will be possible to find a timeframe and a lookback period that will give a signal with stochastic. But that doesn't mean one can be profitable trading it. So I prefer not to argue about intensity versus a stochastic. If someone can make money with stochastic then I'm happy for them. I can't.

 

I don't want to convince anyone that trade intensity is the only way to trade. I find it useful as a warning of potential turning points and I'm simply sharing what I see. I find it very interesting from an intellectual point of view. Why it's happening, who is responsible, and what is their motive I find very fascinating but not necessary to make money with it.

Share this post


Link to post
Share on other sites

Fair enough. In order to conclude the last discussion and try to move on:

 

1. I also like the intellectual and theoretical discussion so I agree with you

2. I didn' use any timeframe and a lookback period for the charts. I didn't cherry pick the charts I use YOUR example and could have chosen at least 140 other indicators with the +/- the same results.

3. I was using the stochastic as an example just to generate the real discussion because it stuck me when I saw that the Inteligent and Predictive agents charts seemed to be less INTELLIGENT AND PREDICTIVE than a basic canned indicator.

4. I also 100% prefer not to argue about intensity versus a stochastic. But i do wanted to discuss the usefulness if any of the "Inteligent and Predictive agents" In the context of the OP.

 

So i leave still the questions open. What are the main difference/benefits/shortcomings (not in the way is calculated...) in performance using or reading this "intensity indicator" over any other indicator. Is it just a lot of mumbojumbo to make it things more complicate than they are?

 

Please don't get personal but get technical. At least for small trader like me, trading is a dynamic process that need to keep the edge often according to market circumstance. so I am interesting in intelligent ideas that can lead to something constructive so I am not interesting in my indicator is better than yours or if you make money with this or that.

 

I am simply challenging the basic assumptions and the real reasons behind this indicator. If you have good arguments please use them otherwise...

 

ecubru

 

 

So lets do discuss INTELLIGENT AND PREDICTIVE discussion

 

Your short signal was after the high. This thread is about "Intelligent & Predictive Agents". A stochastic cannot be predictive because it lags price.

 

No matter what chart I post, it will be possible to find a timeframe and a lookback period that will give a signal with stochastic. But that doesn't mean one can be profitable trading it. So I prefer not to argue about intensity versus a stochastic. If someone can make money with stochastic then I'm happy for them. I can't.

 

I don't want to convince anyone that trade intensity is the only way to trade. I find it useful as a warning of potential turning points and I'm simply sharing what I see. I find it very interesting from an intellectual point of view. Why it's happening, who is responsible, and what is their motive I find very fascinating but not necessary to make money with it.

Share this post


Link to post
Share on other sites

I agree with these recent posts.

 

Trade Intensity may or may not tell you that something is going to happen. You just dont know. The reason for this is simply:

-Because you just dont know if the intensity of order flow was entering or exiting.

-Because you just dont know if it was covering or initiating

-A hedge

-The time frame they are operating in,

-Part of a larger order being executed in a different fashion

- etc, etc.

 

As someone said, nice chat but of no real use when making money.

 

Besides, only a jub would try to be 'predictive'. A real trader never predicts, but manages probabilities.

 

Managing probabilities in c-o-n-t-e-x-t is key. Put the spurt of prints in context if you must. One of the major flaws in this concept is that it assumes that which ever party/ies were responsible for the 'signal' therefore have control of the market. It totally disregards the fact that there is always someone bigger in the market than you, no matter who you are or work for, and that they just may have a different opinion or reason than you.

Edited by TheDude

Share this post


Link to post
Share on other sites
I agree with these recent posts.

 

Trade Intensity may or may not tell you that something is going to happen. You just dont know. The reason for this is simply:

-Because you just dont know if the intensity of order flow was entering or exiting.

-Because you just dont know if it was covering or initiating

-A hedge

-The time frame they are operating in,

-Part of a larger order being executed in a different fashion

- etc, etc.

 

As someone said, nice chat but of no real use when making money.

 

Besides, only a jub would try to be 'predictive'. A real trader never predicts, but manages probabilities.

 

Managing probabilities in c-o-n-t-e-x-t is key. Put the spurt of prints in context if you must. One of the major flaws in this concept is that it assumes that which ever party/ies were responsible for the 'signal' therefore have control of the market. It totally disregards the fact that there is always someone bigger in the market than you, no matter who you are or work for, and that they just may have a different opinion or reason than you.

 

I think UB already made it clear that Trade Intensity was not at all his sole factor for entering a trade, with that said I agree with you that context is extremely important and that Trade Intensity alone provides little or no context, but maybe it provides a trigger point for entering a trade once context has been provided.

For UB it seems that along with other things his HUD which monitors multiple time/volume frames gives him an understanding of market bias and that is his provider for context. The real question becomes, what is his understanding of bias in each time/volume frame? To me this is what's now key!

Share this post


Link to post
Share on other sites
It's available every 15 minutes. But I can't figure out exactly who is each of the trader categories to make it useful.

 

 

 

Have you read his other threads? The reason he uses intensity is precisely for the reason you describe, smart traders split up their orders. When one sees a series of orders in a very short timeframe (seconds for me, but milliseconds for him) then you can assume they come from the same trader or a similar group of traders.

 

In his post he said a 2 lot trader never trades 100 lots. In your reply you're saying a 100 lot trader can split his order into 50 2 lots. But he's still a 100 lot trader. What urma is saying is if we see a 100 lot order we know it's not a small retail trader so it's professional. From what I understand, if it's 100 lots on a trade it's more likely to be arb because a smart spec would have split his orders to hide them.

 

I hope that clears up some points. If I misunderstood anything please let me know.

 

Is it available every 15 minutes LIVE or if this data is available only at the end of the day in 15 minutes frequency ?

From where can I get this data ?

 

Thanks :)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date : 14th October 2019. MACRO EVENTS & NEWS OF 14th October 2019.No-deal Brexit risks are looking more real than ever, with reports suggesting that talks will officially break down this week ahead of the upcoming EU summit on 17 and 18 October. Elsewhere, further US data and Fedspeak could provide more clues about the possibility of a Fed rate cut. Tuesday – 15 October 2019 Consumer Price Index (CNY, GMT 01:30) – September’s Chinese CPI is seen unchanged at 0.7% while the PPI figure is expected to decline further to -1.2%. The overall reading for CPI is estimated to post a gain up to 2.9% y/y. ILO & Average Earnings Index 3m/y (GBP, GMT 08:30) – UK Earnings with the bonus-excluded figure are expected to slip to 3.7% y/y in the three months to August, down from 3.8%y/y. UK ILO unemployment is expected steady at 3.8%, which was the lowest rate seen since December 1974. ZEW Economic Sentiment (EUR, GMT 09:00) – Economic Sentiment for October is projected at -27 from the -22.5 seen last month, as the current conditions indicator for Germany turned negative. The overall Eurozone reading though expected to declne further to -33.0 slightly from -22.4. A lower than expected outcome, ties in with the stagnation in market sentiment at the start of the month. Consumer Price Index (NZD, GMT 21:45) – One of the most important figures for FX markets, the y/y CPI for Q3 is expected to come out at 1.4%, compared to 1.7% in the previous quarter. Wednesday – 16 October 2019 Consumer Price Index (GBP, GMT 08:30) – The UK CPI is expected to rebound to a 1.8% y/y rate in September after dipping to 1.7% in August from 2.1% in July. Weakness in sterling from year-go levels should impact some offset to disinflationary forces. Consumer Price Index (EUR, GMT 09:00) – The Euro Area CPI is expected to be confirmed at just 0.9% y/y in the final release for September, although the deceleration in the headline rate over the month was largely due to base effects from energy prices, with core inflation actually moving up to 1.0% y/y from 0.9% y/y in August. Consumer Price Index (CAD, GMT 12:30) – The Canadian CPI index is expected to have increased to 2%y/y compared to 1.9%y/y in August. The core CPI measures remained near 2.0%. Retail Sales (USD, GMT 12:30) – Retail Sales are an important determinant of consumer spending thus making it a leading indicator for overall economic growth. Consensus expectations suggest that we should have increased by 0.2% in September, for both the retail sales headline and the ex-auto figure, following a 0.4% August headline rise with a flat ex-auto figure. Fedspeak: Fed Brainard (USD, GMT 19:00) Thursday – 17 October 2019 European Council Summit on Brexit Employment Data (AUD, GMT 01:30) – While the Unemployment Rate is projected to have flipped at 5.3% in September, Employment change is expected to have eased, increasing by 10K compared to 34.7K last month. Retail Sales ex Fuel (GBP, GMT 08:30) – Retail Sales in the UK are anticipated to increase in September, reaching 3.0% on a y/y basis, and 0.5% on a m/m basis, from the 2.7% and -0.2% respectively Housing Data and Building Permits (USD, GMT 12:30) – Housing starts should drop back to a 1.282 mln pace in September, after a sharp rise to a 1.364 mln clip in August with the help of lower mortgage rates. Permits similarly are expected to slow to 1.370 mln in September, after popping to 1.425 mln in September. Permits have shown a solid growth path into Q3 despite a July starts set-back. Philadelphia Fed Manufacturing Survey (USD, GMT 12:30) – The Philly Fed index is seen falling to 7.0 from 12.0 in September, versus a 1-year high of 21.8 in July and a 33-month low of -4.1 in February. The late-September producer sentiment surveys deteriorated significantly after firmness in the early-September reports, and the early-October data will be closely scrutinized to see if this pull-back continued. The “soft data” surveys are at risk of a possible impact from the UAW-GM strike, alongside the ongoing headwind from troubles abroad. Fedspeak: Fed Bowman and Fed Williams (USD, GMT 18:00 and 20:20) Friday – 18 October 2019 European Council Summit on Brexit China Gross Domestic Product (CNY, GMT 02:00)- Chinese GDP is projected to see additional moderation to a 6.1% y/y pace in Q3, from 6.2% in Q2. Industrial Production and Retail Sales (CNY, GMT 02:00) – The September industrial production is forecast at 4.5% y/y from 4.4% previously, while September retail sales likely improved to 7.7% y/y from 7.5%. Fedspeak: Fed Kaplan and Fed Clarida (USD, GMT 15:00 and 15:30) 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.
    • This should really be very easy, but I can't find an article or video to walk me through it. I picked 20 ticker symbols where the stocks are in a tight trading range. I got them all into one list I call "Channel". I'd like to add several indicators that apply to all, such as MACD, volume, 3 moving averages. Then I'd like to scroll through the list, adding trendlines, or horizontal lines to mark the top & bottom of the price channel for each. Then set an alarm for a breakout in each direction that indicates a breakout. Could you point me to an article or video that walks me through how to do this? ...or give me the steps? Thank you, RichardV2, Experienced stock trader back before the Internet was invented.😁
    • The Economic Proscription of U.S. Farmers by China Maybe Forever   Similar to a black eye on the face, it’s placing an indelible imprint. The retaliatory levies by China over U.S. commodity producers, such as soybeans, which seem to be forever. The moment such happens for the market it becomes irreversible.   It’s a dread numerous farmers from North Dakota to Mississippi have recognized for as far back as last year. They worry that they’ve put millions in soybean development on account of China. Since Chinese focus is now transferred towards Brazil rather, that market might be gone forever.   Once the confidence merchants have in the U.S. declines as a steady provider because of the trade dispute, the more vital its important for them to support and further broaden other avenues.   The developing danger for American agribusiness presently is that a great part of the piece of the overall industry lost throughout the year will be hard or difficult to win back at any point shortly, the Boston Consulting Group said in a detailed analysis discharged on Wednesday.   This is for the most part because of long term contracts that are regularly recorded among purchasers and sellers, contingent upon the item. The lesson from the analysis shows that U.S. farmers need to turn out to be less reliant on China, and simply trust in the best concerning those customers organizing a rebound sooner or later.   For the time being, China is going to Australia, Brazil, New Zealand, Russia, and also for its domestic producers as an option in contrast to American developed crops and animal proteins.   From the detailed analysis: “The risk that U.S. agribusinesses may for all time lose foreign market share of the overall industry isn’t only hypothetical. In past trade disputes, for example, one with China including beef, the US has not recaptured its lost share. As a result of the increase of U.S. crops and food materials more costly than other choices, high duties bring down the price to merchants who plan to expand. Also, the fewer confidence merchants have in the US as a steady provider, in perspective on the potential for future trade disputes, the more important it progresses toward becoming for them to support and further expand. After some time, merchants could loosen up complex associations with suppliers from the U.S.”   China Receives Blames for the Pressure And this is so because China is important to American farmers. China purchased $19.5 billion in U.S. agricultural items as of 2017, representing 14% of exports of farm produce, in light of BCS analysis. In July 2018, China slammed a 25% levy on U.S. agricultural items.   Exports at that point declined by an incredible 53% for the year. While exports to China have declined also for this year, over past years free fall.   There is another motivation behind why some China customers may not come back to the U.S. China is extending its very own crop acreage, particularly for soybeans. After some time, China will turn out to be progressively independent. Except if request increases generously, China will purchase its very own soybeans, regulating export development and under control in any case.   “Individuals in the business were in a condition of cheerfulness, believing that a bargain would soon be reached,” says Michael McAdoo, associate, and related executive for BCS in Montreal. “Our analysis demonstrates that regardless of whether there is a bargain, there is worry that a similar volume won’t return. They need to try different markets,” he declared.   Source: https://learn2.trade 
    • Trade Dispute Responsible for China’s Overwhelming Gold Purchase Rate   China has included more than 100 tons of gold to its stores since it continued purchasing in December, fortifying its position as one of the significant authority collectors as national banks load up on the valuable metal.   The People’s Bank of China grabbed progressively gold a month ago, raising reserves to 62.64 million ounces in September from 62.45 million in August, as per information on its site. In tonnage terms, the most recent inflow sums 5.9 tons and comes in as an expansion of about 99.8 tons over the earlier nine months.   Bullion hit the most noteworthy in over six years in September as more slow development, the trade dispute and rate reductions prodded financial specialist request. National banks have been significant purchasers as well, particularly in developing markets. Administrative demands will probably proceed as protectionist strategies and geopolitical concerns add to the request, as forecasted by Suki Cooper, the valuable metals investigator at Standard Chartered Bank.   “With the stressed partnerships with the U.S., China requires support against its enormous possessions of the dollar, and gold serves that capacity,” said Howie Lee, a financial specialist at Singapore-based Oversea-Chinese Banking Corp. “As China turns into a superpower in its very own right, I anticipate progressively gold-purchases.”   China’s High Gold Appetite The PBOC’s continuos running of bullion-purchasing has come against the difficult setting of the trade dispute with the U.S. furthermore, a stamped lull in development at home. While high-level discussions are set to continue in Washington this week, Chinese authorities are flagging they’re progressively hesitant to consent to an expansive bargain.   Spot gold spiked to as much as 0.4% to $1,511.31 an ounce on Monday and exchanged at $1,505.84 in early London exchange. While the value declined 3.2% in September, they remain high at 17% this year. The PBOC information was discharged at the end of the week. Alongside China, Russia has additionally been including generous amounts of bullion. In the initial half-year, national banks overall got 374.1 tons, supporting the overall gold request to a three-year high, the World Gold Council declared.   While a tenth straight month of amassing, shows an unfaltering purchasing trend for the PBOC, China has in the past gone for significant stretches without uncovering moves for its gold possessions. At the point the national bank declared a 57% bounce in savings to 53.3 million ounces in mid-2015, that was the first update in quite a while.   Source: https://learn2.trade   
    • GBPJPY Reverses Its Sell-Off Around the Level at 130.75  OCTOBER 9, 2019  Azeez Mustapha  No Comments   GBPJPY Price Analysis – October 9 In the prior session, the pair closed lower for the second day in a row, but currently, the GBPJPY displays a weakness further downside of the pair while retaining its wider medium-term outlook by temporal reversal on the level at 130.75.   Key Levels Resistance Levels: 148.66, 137.80, 135.774 Support Levels: 130.75, 128.68, 126.54   GBPJPY Long term Trend: Bearish In the bigger picture, the GBPJPY consolidation structure is still forming from the technical support zone on the level at 126.54 low.   A further upward move may be recorded towards the level at 146.57 and 148.66 in an extension where its resistance is glaring before completing the structure. However, the overall trend remains bearish while displaying an intact downtrend in the medium and long-term.   GBPJPY Short term Trend: Bearish On the 4-hour time frame, its price is trading narrowly between the moving average 5 and 13 close to the key technical support level at 130.44.   As it is presently, the intraday bias in GBPJPY remains on the downside at this point where a corrective rebound from the level at 126.54 low should have completed. Meanwhile, its 4-hour RSI is bearish and pointing lower suggesting further weakness.   Source: https://learn2.trade 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.