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.

LakotaTodd

How the Date Ties into Price.

Recommended Posts

The 21 prices are for all year long everyday. They are the most powerful on the:

3,12,21 and 30th of each month, but are powerful everyday. If you noticed today the low on the British Pound was a 21# 1533; Crude bounced off a 21# a couple of times at 91.2

Low on TF was split halfway between 4 digit date and 21# 786.

Also Euro high was split between 2 digit date of 28 and 21 # 1326

When the #'s are clustered like that you will see the splits.

 

Also on a strong day if the market is moving up or down in one direction then it will go from one date or 21# through the next one without stopping and then find support or resistance at the one after that. That is exactly what happened today on the euro and the British Pound

Share this post


Link to post
Share on other sites

I have searched for reading material on this subject and have found none.

Gann was the only one that referred to time and price and 9's and he kept all of his information confidential to my knowledge.

 

I was shown this information and see it's relevance in all the mkts. I have looked at.

 

I am convinced that it is what black box systems use because the date would reflect different price levels every day. So it makes sense.

 

I did say there was more to it and it is for people far smarter than I am. Time especially cst since that is what the cme is on will reflect in the highs and lows. Such as the last two digits of the time will match the two digit date, or it will equal one of the 21#'s

such as 9:03 or some other time for that day. Again the calculations have to be made so fast that I see it only after looking back at it.

 

I wish I knew more. It is only the levels that I see everyday and how they will tie into the Floor Traders Pivots that keep piquing my interest. As I type this the es is at 1254=21 and the high on the euro is 1326=21.

Share this post


Link to post
Share on other sites

How do I use a date like 1/7/2010 ? What stock prices would be tied into this to be a change of trend ? I am not getting this all to well, but I get the point you're saying that the greatest change being the #3 or 21 not reduced ?

 

If you have written material that would be great................

I like the how the price and time are tied together, because I am working something similar but its really a lot different.

 

I have it that you use the time as your date would work ? :2c:

 

324.64 CME, and todays date 12/30/2010 ?

Edited by PQL111
Comment

Share this post


Link to post
Share on other sites

Let me try and address the questions. It can be confusing but once you understand it you see the mkts much clearer. First the question about 1/7/2010

 

The days that you would use these price levels on are 7, 16th and 25th of each month.

These dates are all separated by 9 and the latter two added together individually = 7

example: 1+6=7; 2+5=7

 

This is your two digit date price levels. So whatever instrument you are trading if the last two digits end in that price level then it may provide support or resistance. Now as I have stated earlier if you are trading a stock (which I dont trade stocks so I would only be guessing on price levels) or currencies or the YM you may have to omit the last digit on the right to get an accurate level or you would have so many price lines your chart would be cluttered up.

 

Lets say for example the YM (dow futures) was trading at 11070 on the 7th. Well trading would be easy if all price levels were on the exact date. So removing the last digit you would have 1107 as your possible support and resistance. It would be easier to mask these levels and keep them hidden from the majority of traders if on the 7th of the month the YM traded at 11160 or 11250 and so on adding 9's. Example 11340, 11430, 11520, 11610, 11700, 11790, 11880 and 11970. Now remove the 0 from the end and add the last two numbers together and you receive sums of 7 or 16.

This is how you get a two digit date. On the grains or metals or futures such as the ES or TF you do not have to remove the last digit.

 

So for 1/7/2010 your two digit date would be 7,16,25,34,43,52,61,70,79,88,97

Use these #'s next Friday on the 7th and see how they work.

 

Your 4 digit date is different because the total of the price will equal one of the above #'s.

Lets say you trade corn and the price is at 304.00 on the 7th. Add 9 to that and you get 313.00 which added together gives you 7 and also 16 and also 34. You keep adding 9's as the price goes higher or subtracting 9's if the price moves lower to get your lines for support or resistance.

 

I dont understand the question about 3 or 21 being reduced. I have seen that the #'s that equal 21 on the mkts. that are traded are powerful everyday of the week not just on the 3,12,21 and 30th of each month.

 

For example corn: 309, 318, 327 should always have lines drawn on them.

The YM would be 11460,11550, 11640, 11730 and so on.

 

The mkts have been dead the last couple of weeks so next week volume should pick up and you will have larger ranges and see the markets move off these levels.

 

On my charts I have 3 different colored lines for price levels. One for the two digit, one for the 4 digit date and then the 21# lines. Every mkt that I have looked at the price will move off of one of these levels or all of them at some time during the day.

 

I know it is hard to grasp at first that is why seeing is believing.

 

Good Trading!

Share this post


Link to post
Share on other sites

Hey Lakota, help me out here.

 

Treasuries and grains are killing me.

 

Why in god's name aren't these products being traded in decimals yet?

Who the hell trades nowadays in fractions? :doh:

OK, I confess that I trade them, though I've never noticed how some math can be tricky when dealing with fractions.

 

I've looked at the example you've done to johnpinochet for ZN (10Yr Note), but I'm not getting their :confused:

Have you been following it?

 

When prices move from 119 to 120 it seems the 9's get mixed up when drawing the lines on the charts.

Share this post


Link to post
Share on other sites

Grains look good. High on soy 1384 two digit date.

High on corn 4 ticks through 21# 624

Low on wheat 21# and high on wheat 7 ticks through 21 # at 795

 

Today was the first time that I looked at grains in months but my previous experience has always shown the date to work in those markets.

 

I have no idea on treasuries. The #'s are strange to me and are not easy to see. I am going to continue to watch them but I will not post any #'s on them as I do not have any confidence in seeing that market correctly.

Share this post


Link to post
Share on other sites

I posted the prices for Monday January 3rd on the blog.

The prices are the same for today. (3,12,21,30) I posted the grains and they were spot on today.

ES had a great cash high of 57 two digit date Not to mention the british pound and euro.

 

If there are any other markets you would like me to list just let me know. As long as I can pull them up with Ninja Trader charts there should not be a problem.

Have a great weekend and a Happy New Year.

Good Trading!

Share this post


Link to post
Share on other sites

Well three are an interesting natural number that 21/3 = 7, (7X3 = 21), 2+1 = 3 of which makes this number balancing with time strongly for a change. I could understand support and resistance around this a number like 21 and 3.

Share this post


Link to post
Share on other sites

Lakota, would you be so kind as to point me to your first post(s) regarding this technique? I've done some Gann stuff BUT I'm not familiar with the technique you are describing. Getting me to a post or page to understand this better would be appreciated.

 

"Gramps" is kinda out in left field this 1st day of 2011.

 

Tomazo M.

Share this post


Link to post
Share on other sites
Let me try and address the questions. It can be confusing but once you understand it you see the mkts much clearer. First the question about 1/7/2010...

----------------------------

 

Lakota, I just FOUND this in going back over this thread and it appears to answer my earlier question of where to find some info on this. "Gramps" is feeling more alert now. Thanx again for a different perspective on trading. Tomazo M.

Share this post


Link to post
Share on other sites

[HIGHLIGHT YELLOW][/HIGHLIGHT YELLOW]

There is an another way. Alot easier way.

 

Stogie, what did you mean by the above?? Would you mind sharing this "easier way" with us?

 

Would greatly appreciate any input to make something easier.:bang head:

 

Thanx...Tomazo M (Pathfinder62)

Share this post


Link to post
Share on other sites

In philosophy and science black box theories have been proposed for various fields by various philosophers and scientists. Such a prominent theory is the so called "black box theory of consciousness", which states that the mind is fully understood once the inputs and outputs are well defined, and generally couples this with a radical skepticism regarding the possibility of ever successfully describing the underlying structure, mechanism, and dynamics of the mind.

 

[edit] ExampleIf we had a black box that we could not open, could not just "look inside" to see how it worked, all we could do is guess how it worked based on what happens when we do something to it (an input) and what occurs as a result of that (an output). If we put an orange in on one side, and an orange falls out the other. We can make educated guesses on what is happening inside the black box. It could be filled with oranges, it could have a conveyor belt to move the orange from one side to the other, it could even go through an alternate universe for all we know. All we can do is guess.

 

Every now and again something strange will occur that changes our understanding of the black box. Like if we put an orange in and a guava popped out. Suddenly our "filled with oranges" and "conveyor belt" theories no longer work and we have to change our "educated guess" as to how the black box works.

 

The black box theory is a fairly popular method to describe what psychology is like. We cannot open the mind and simply "peek" inside, we can only do something to the mind (show it something scary) and from the results guess what goes on inside.

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.


  • Similar Content

    • By Ninjatrader_Staff
      Trade Nano Bitcoin Futures & Get $100



      New Nano Bitcoin Futures allow traders to easily go long or short Bitcoin with commission-free trading, $25 margins & $0 market data fees. For a limited time, you can earn a $100 cash bonus* when you trade this contract from Coinbase Derivatives. Simply trade 100+ Nano Bitcoin contracts prior to August 31st, 2022 & $100 cash will be credited to your account. It’s that easy.
      OPEN ACCOUNT
      4 Reasons to Trade Nano Bitcoin Futures Contracts

      Significantly less capital required to trade
      Trade commission-free with just $25 day trading margins & $0 market data fees Go long or short Bitcoin
      Easily trade both directions by simply buying or selling contracts based on your market view
      Protect your assets in a regulated environment
      Trade a regulated product in a marketplace regulated by the CFTC to ensure your peace of mind

      Gain exposure to crypto without owning crypto
      Capitalize on market volatility while maintaining the benefits of futures including increased leverage, tax efficiencies, segregated funds & more.


      If you have any questions on how to start trading this exciting new Nano product from Coinbase Derivatives, please contact us at brokeragesales@ninjatrader.com.
      _______________________________________________________________
      *Program Requirements:

      Available for both new and funded individual NinjaTrader accounts. Trade 100 or more Nano Bitcoin contracts (50 round turns) prior to August 31st, 2022 to earn a $100 cash rebate. The cash bonus will be distributed as a $100 credit to each qualifying individual account in September 2022 Credits may be subject to US withholding taxes & any associated taxes are the customer’s responsibility. IRA and professional accounts are not eligible for this offer. Program requirements subject to change.

      RISK DISCLOSURE: Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Ninjatrader_Staff
      Nano Bitcoin futures are crypto futures priced right for all traders with $25 day trading margins, no market data fees and commission-free trading!
      Sized at just 1/100th of a Bitcoin, Nano Bitcoin futures from Coinbase Derivatives allow traders to navigate volatile markets with a contract size that fits any portfolio. Open your NinjaTrader account today & easily go long or short to hedge against Bitcoin price moves in a regulated marketplace.
      OPEN ACCOUNT
      4 Reasons to Trade Nano Bitcoin Futures Contracts
      Significantly less capital required to trade Trade commission-free with just $25 day trading margins & $0 market data fees Go long or short Bitcoin Easily trade both directions by simply buying or selling contracts based on your market view Protect your assets in a regulated environment Trade a regulated product in a marketplace regulated by the CFTC to ensure your peace of mind Gain exposure to crypto without owning crypto Capitalize on market volatility while maintaining the benefits of futures including increased leverage, tax efficiencies, segregated funds & more.
      If you have any questions on how to start trading this exciting new Nano product from Coinbase Derivatives, please contact us at brokeragesales@ninjatrader.com.
      Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By Ninjatrader_Staff
      Save on a Lifetime License!
      Open a new NinjaTrader Brokerage account by June 30th and save $100 on a new Lifetime license at a discounted price of only $999.
      OPEN ACCOUNT
      Along with access to the most powerful version of NinjaTrader, you will save even more with deep discount commissions at $.09 per Micro futures contract & only $50 margins.
      Your Lifetime license includes ALL of NinjaTrader’s premium features:
      Award-winning order entry options including Chart Trader & OCO orders
      Order Flow + tool set featuring the Volume Profile Indicator – NinjaTrader’s most powerful indicator to date
      ATM Strategies, advanced Alerting system, auto-close positions for additional risk management and more
      PLUS all future NinjaTrader platform enhancements are included at no additional charge – for life!
      Simply fund your account to lock in your savings. Once you have funded your new account, you will receive a discounted purchase link by email.
       
      Questions?
      Contact us at 312.262.1289 or brokeragesales@ninjatrader.com.
      *Platform License Discount Requirements:
      Account must be opened & funded in June 2022
      Discount is applicable to software purchase only
      2nd accounts for current NinjaTrader Brokerage account owners not eligible for platform discounts
      Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
    • By TopAlgo
      Youtube, NT8 Auto Spreader
       
    • By Ninjatrader_Staff
      Open a new futures brokerage account by February 28th with a NinjaTrader Lifetime license & receive:
      Commission-Free Micro trading in March $50 margins on Micros Access to the most powerful version of NinjaTrader Free platform upgrades for life!
      Simply open & fund your new account in February & purchase a Lifetime license. You will then receive a rebate for commissions on all Micro futures trades placed from March 1st – March 31st.*
      Open Futures Account
      A NinjaTrader Lifetime license provide access to all premium features including Chart Trader, OCO orders, Order Flow +, and more.
      * Program Requirements:
      Account must be funded by February 28th, 2022 with $400 minimum A new NinjaTrader Lifetime license ($1099) must be purchased by February 28th, 2022 Standard exchange, NFA and routing fees still apply A commission rebate will be applied to the account holder’s balance for all March Micro trades 2nd accounts for current NinjaTrader Brokerage account owners not eligible for rebates
      Futures and Forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View Full Risk Disclosure.
  • Topics

  • Posts

    • also ... and barely on topic... Winners (always*) overpay. Buying the dips is a subscription to the belief that winners win by underpaying - when in actuality winners (inevitably/always*) win by overpaying... it’s amazing the percentage of traders who think winners win by underpaying ... “Winners (always*) overpay.” ...  One way to implement this ‘belief’ is to only reenter when prices have emphatically resumed the 'trend' .   (Fwiw, While “Winners (always*) overpay.” holds true in most endeavors (relationships, business, sports, etc...) - “Winners (always*) overpay.”  is especially true for auctions... continuous auctions included.)
    • re:  "Does it make sense to always buy the dips?  “Buy the dip.”  You hear this all the time in crypto investing trading speculation gambling. [zdo taking some liberties] It refers, of course, to buying more bitcoin (or digital assets) when they go down in price: when the price “dips.” Some people brag about “buying the dip," showing they know better than the crowd. Others “buy the dip” as an investment strategy: they’re getting a bargain. The problem is, buying the dip is a fallacy. You can’t buy the dip, because you can't see the total dip until much later. First, I’ll explain this in a way that will make it simple and obvious to you; then I’ll show you a better way of investing. You Only Know the Dip in Hindsight When people talk about “buying the dip,” what they’re really saying is, “I bought when the price was going down.” " ... example of a dip ... 
    • Date: 19th April 2024. Weekly Commodity Market Update: Oil Prices Correct and Supply Concerns Persist.   The ongoing developments in the Middle East sparked a wave of risk aversion and fueled supply concerns and investors headed for safety. Hopes for imminent rate cuts from the Federal Reserve diminish while attention is now turning towards the demand outlook. The Gold price hit a high of $2417.89 per ounce overnight. Sentiment has already calmed down again and bullion is trading at $2376.50 per ounce as haven flows ease. Oil prices initially moved higher as concern over escalating tensions with the WTI contract hit a session high of $85.508 per barrel overnight, before correcting to currently $81.45 per barrel. Oil Prices Under Pressure Amid Middle East Tensions Last week, commodity indexes showed little movement, with Oil prices undergoing a slight correction. Meanwhile, Gold reached yet another record high, mirroring the upward trend in cocoa prices. Once again today, USOil prices experienced a correction and has remained under pressure, retesting the 50-day EMA at $81.00 as we moving into the weekend. Hence, despite the Israel’s retaliatory strike on Iran, sentiments stabilized following reports suggesting a measured response aimed at avoiding further escalation. Brent crude futures witnessed a more than 4% leap, driven by concerns over potential disruptions to oil supplies in the Middle East, only to subsequently erase all gains. Similarly with USOIL, UKOIL hovers just below $87 per barrel, marginally below Thursday’s closing figures. Nevertheless, volatility is expected to continue in the market as several potential risks loom:   Disruption to the Strait of Hormuz: The possibility of Iran disrupting navigation through the vital shipping lane, is still in play. The Strait of Hormuz serves as the Persian Gulf’s primary route to international waters, with approximately 21 million barrels of oil passing through daily. Recent events, including Iran’s seizure of an Israel-linked container ship, underscore the geopolitical sensitivity of the region. Tougher Sanctions on Iran: Analysts speculate that the US may impose stricter sanctions on Iranian oil exports or intensify enforcement of existing restrictions. With global oil consumption reaching 102 million barrels per day, Iran’s production of 3.3 million barrels remains significant. Recent actions targeting Venezuelan oil highlight the potential for increased pressure on Iranian exports. OPEC Output Increases: Despite the desire for higher prices, OPEC members such as Saudi Arabia and Russia have constrained output in recent years. However, sustained crude prices above $100 per barrel could prompt concerns about demand and incentivize increased production. The OPEC may opt to boost oil output should tensions escalate further and prices surge. Ukraine Conflict: Amidst the focus on the Middle East, markets overlooking Russia’s actions in Ukraine. Potential retaliatory strikes by Kyiv on Russian oil infrastructure could impact exports, adding further complexity to global oil markets.   Technical Analysis USOIL is marking one of the steepest weekly declines witnessed this year after a brief period of consolidation. The breach below the pivotal support level of 84.00, coupled with the descent below the mid of the 4-month upchannel, signals a possible shift in market sentiment towards a bearish trend reversal. Adding to the bearish outlook are indications such as the downward slope in the RSI. However, the asset still hold above the 50-day EMA which coincides also with the mid of last year’s downleg, with key support zone at $80.00-$81.00. If it breaks this support zone, the focus may shift towards the 200-day EMA and 38.2% Fib. level at $77.60-$79.00. Conversely, a rejection of the $81 level and an upside potential could see the price returning back to $84.00. A break of the latter could trigger the attention back to the December’s resistance, situated around $86.60. A breakthrough above this level could ignite a stronger rally towards the $89.20-$90.00 zone. 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 HFM 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. Michalis Efthymiou Market Analyst HMarkets 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 perfrmance 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.
    • Date: 18th April 2024. Market News – Stock markets benefit from Dollar correction. Economic Indicators & Central Banks:   Technical buying, bargain hunting, and risk aversion helped Treasuries rally and unwind recent losses. Yields dropped from the recent 2024 highs. Asian stock markets strengthened, as the US Dollar corrected in the wake of comments from Japan’s currency chief Masato Kanda, who said G7 countries continue to stress that excessive swings and disorderly moves in the foreign exchange market were harmful for economies. US Stockpiles expanded to 10-month high. The data overshadowed the impact of geopolitical tensions in the Middle East as traders await Israel’s response to Iran’s unprecedented recent attack. President Joe Biden called for higher tariffs on imports of Chinese steel and aluminum.   Financial Markets Performance:   The USDIndex stumbled, falling to 105.66 at the end of the day from the intraday high of 106.48. It lost ground against most of its G10 peers. There wasn’t much on the calendar to provide new direction. USDJPY lows retesting the 154 bottom! NOT an intervention yet. BoJ/MoF USDJPY intervention happens when there is more than 100+ pip move in seconds, not 50 pips. USOIL slumped by 3% near $82, as US crude inventories rose by 2.7 million barrels last week, hitting the highest level since last June, while gauges of fuel demand declined. Gold strengthened as the dollar weakened and bullion is trading at $2378.44 per ounce. Market Trends:   Wall Street closed in the red after opening with small corrective gains. The NASDAQ underperformed, slumping -1.15%, with the S&P500 -0.58% lower, while the Dow lost -0.12. The Nikkei closed 0.2% higher, the Hang Seng gained more than 1. European and US futures are finding buyers. A gauge of global chip stocks and AI bellwether Nvidia Corp. have both fallen into a technical correction. The TMSC reported its first profit rise in a year, after strong AI demand revived growth at the world’s biggest contract chipmaker. The main chipmaker to Apple Inc. and Nvidia Corp. recorded a 9% rise in net income, beating estimates. 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 HFM 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 HFMarkets 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.
    • Date: 17th April 2024. Market News – Appetite for risk-taking remains weak. Economic Indicators & Central Banks:   Stocks, Treasury yields and US Dollar stay firmed. Fed Chair Powell added to the recent sell off. His slightly more hawkish tone further priced out chances for any imminent action and the timing of a cut was pushed out further. He suggested if higher inflation does persist, the Fed will hold rates steady “for as long as needed.” Implied Fed Fund: There remains no real chance for a move on May 1 and at their intraday highs the June implied funds rate future showed only 5 bps, while July reflected only 10 bps. And a full 25 bps was not priced in until November, with 38 bps in cuts seen for 2024. US & EU Economies Diverging: Lagarde says ECB is moving toward rate cuts – if there are no major shocks. UK March CPI inflation falls less than expected. Output price inflation has started to nudge higher, despite another decline in input prices. Together with yesterday’s higher than expected wage numbers, the data will add to the arguments of the hawks at the BoE, which remain very reluctant to contemplate rate cuts. Canada CPI rose 0.6% in March, double the 0.3% February increase BUT core eased. The doors are still open for a possible cut at the next BoC meeting on June 5. IMF revised up its global growth forecast for 2024 with inflation easing, in its new World Economic Outlook. This is consistent with a global soft landing, according to the report. Financial Markets Performance:   USDJPY also inched up to 154.67 on expectations the BoJ will remain accommodative and as the market challenges a perceived 155 red line for MoF intervention. USOIL prices slipped -0.15% to $84.20 per barrel. Gold rose 0.24% to $2389.11 per ounce, a new record closing high as geopolitical risks overshadowed the impacts of rising rates and the stronger dollar. Market Trends:   Wall Street waffled either side of unchanged on the day amid dimming rate cut potential, rising yields, and earnings. The major indexes closed mixed with the Dow up 0.17%, while the S&P500 and NASDAQ lost -0.21% and -0.12%, respectively. Asian stock markets mostly corrected again, with Japanese bourses underperforming and the Nikkei down -1.3%. Mainland China bourses were a notable exception and the CSI 300 rallied 1.4%, but the MSCI Asia Pacific index came close to erasing the gains for this year. 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 HFM 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 HFMarkets 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.vvvvvvv
×
×
  • Create New...

Important Information

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