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TinGull

[VSA] Volume Spread Analysis Part I

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As far as mutliple time frames. The best approach may be to find certain support/resistance levels on various higher time frames, but trade off of just one lower time frame chart.

 

Yes, this is exactly as I do, use Drummon's levels from daily and weekly and use MP to see on lower TF's if levels are holding or breaking. But MP doesn't always catch it, but this VSA thing looks like can really help. Eh, If only I could join them in one platform.

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I mentioned the morning doji star just because it was mentioned by Gavin Holmes (I think) during the seminar. I'm personally sceptical about focusing on bar closes. A 1 minute bar with a low close followed by a 1 minute bar with a high close would just be a single bar with a high close on a 2 minute chart. The rule is "strength appears on down bars" so in that situation the 1 minute chart is showing strength but the 2 minute chart isn't. I think you'd have to look at the market you want to trade and choose the best time frame to fit your trading style and then just stick with it. Looking at several different time frames may just lead to indecision.

 

Wookey, I'd definitely be interested in seeing more of your charts.

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I "still" dont understand where is the line that divides the interpretation of fading this down bars with volume (showing strength) and having this down bars with volume installing a downtrend like today... in that case they far from showing strength they where preanouncing a big down move... please vsa experts tell me how would we establish the diference.... and where would be the ideal timing to enter either two trades....thanks Walter.

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More charts from TradeGuider.

 

Attached:

1. Euro Future Daily

2. Microsoft Daily

3. Mini Dow Jones 180 min

4. Mini Dow Jones 1 min

 

If you have a request for certain symbol and tf just let me know.

6E.thumb.gif.373b25d09b11d18f4eaf8520dc7e53ea.gif

MSFT.thumb.gif.89c084bd2672251c2016c3ef13021953.gif

YM1.thumb.gif.9277506c5eab1ab5d4a0169f22b3715d.gif

YM180.thumb.gif.bd8ce9f84e07f41139dd8d132bca71bd.gif

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PivotProfiler,

 

Attached. The last three signals are considered weak, thus additional support is needed. The congestion zone at the top (between 3210-3220) when reduced to 15 min bars, looks for TradeGuider as no demand.

Euro5.thumb.gif.e4062734c006495c510bcde3169bcab4.gif

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Thanks very much.

 

I place a small dot on all bars that have volume less than the previous two bars. I also place an diamond on bars with narrow ranges and increased volume.

 

Here is my chart of the same period. Note how the same levels are clearly indicated on the chart. In other words, those that want to program their own versions can do so. Just start to learn the method and go from there.

5aa70e4a6cb2b_post32.thumb.PNG.817ed18aa502448b3d0dc35d4ef5e749.PNG

Edited by mister ed
add chart back

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Hello guys,

 

I have a litte trouble understanding volume demand bars after a selloff. I have attached a chart from yesterdays action. The rectangle box shows couple sell volume spikes.

 

My questions is this: How do you watch for demand bars after that spike? In the first rectangle the volume spike is created by a doji. The next price bar closes above the high of the doji... this occurs on lower volume. How do you intrepret this? To me it seems like supply is cut off but price continues to drop.

 

The same thing occurs in the second rectangle box. Volume spike is created on a down bar but the next bar closes above the low of the previous bar.

 

Any advice would be appreciated. Thanks

ymvolumebars.jpg.e65da625e4765037d1a7b3512fd1ea91.jpg

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ST, from my limited knowledge I think the key thing is that you're looking for supply to come in at key support levels (if you're buying) and resistance levels (if you're selling). 12190 was a key resistance level (S3 Pivot) and you could have got 50 points from that last trade. On a day like yesterday though you should have been looking for sell signals.

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Trade I took today using VSA techniques. Notice when price reached the weekly pivot that we had a wider than average spread and a LOT of volume and then price closed right near the highs of that bar. About 10 seconds before that 5min bar closed I went long at 148 and was out for a 10 point gain (my personal strategy right now...it ended up going for much more I know. baby steps here) but notice how it went on to go 50 points?! insane! This trade I think was perfect in showing VSA. Please correct me if I'm wrong.

VSA_YM.thumb.png.18e6f60d5c31bcaadf35fafe7594db65.png

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Soultrader,

 

See how TradeGuider interpreted yesterday's actions. The first green rectangle is "Strength coming in" signal. The bar has very wide spread, ultra high volume, it closed in the middle part of the bar and made new low. Basicaly, I think, the most nervious sellers started fixing their profits.

 

The next red triangle was identified as "No Demand" signal. The bar has narrow spread and low volume. It signals the end of retracement. You may disregard that signal in ranging market as not really important.

 

The next green rectangle is called "Climactic action". You see it has ultra wide spread and ultra high volime. In fact it's the widest and highest by volume bar of the day. When you see a bar like this you should think if it's a selling or stoping volume. You may anticipate it knowing about strong support at 12190, or wating for the confirmation which happened on the next bar. In Drummond Geometry a bar like that is called an exhaust.

 

The second red triangle is a "No Demand" bar again.

 

Next signal is missed here but you already should see that if you combine two bars in 10 min bar it will be the same signal as the first one.

 

And the last red rectangle is Upthrust. The volume is not so high, spread is wide, high is hihger than previous several bars and the close is in low part of the bar. They describe it as stop hunting desined by market makers to mislead traders.

 

Hope that helps.

YM5.thumb.gif.1a1d491b80da4e40b8033b8a7c28e6dc.gif

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like it or not Tin... we end up on the same simple corner.... thats a simple hammer with volume surge at support (period).... wanna make it more complicated with vsa etc, etc,etc.... you can make it, but this is the old same good school being thought with some diferent sutil changes.... no new cience here... no new edge... lol... did you notice yesterday how Gavin timed his trades ?.... great contradiction was there... he sayed "weaknes comes on up bars" great input indeed (maybe the only one I did capitalize from yesterday) BUT then his entry was on a swing low of volatility H (old classic past information technical tool, we indicator junkies use) mmmmmm you see... thats a contradiction.... now Tod DID take the trade with the up bar going on.... maybe he has more confidence on what he preaches.... but any way... still the same GOOD old concepts being preached with some variations... I repeat no new cience here... still good cience indeed... Nice trade there Ting.... cheers Walter.

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You're right. There is no new science. Is this still an edge? Absolutely! Why? people overlook the simplicities that can be found in simple analysis like this.

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Oh yes ¡¡ there is an edge on the classic aproach and vsa (included in there )¡¡¡¡ what I mean, there is no edge from VSA to the classic aproach.... same thing, diferent presentation and even probably a more complicated presentation....

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If you notice Tin you are NOT using VSA software and you are perfectly able to capitalize on the old concepts and vsa concepts all together.... personally your chart is more simple and easy to read than vsa chart...

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and you got an up delta ¡¡¡¡¡ on that bottom hammer bar.... you should charge 500 bucks for that setup.... my lord

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Soultrader,

 

See how TradeGuider interpreted yesterday's actions. The first green rectangle is "Strength coming in" signal. The bar has very wide spread, ultra high volume, it closed in the middle part of the bar and made new low. Basicaly, I think, the most nervious sellers started fixing their profits.

 

The next red triangle was identified as "No Demand" signal. The bar has narrow spread and low volume. It signals the end of retracement. You may disregard that signal in ranging market as not really important.

 

The next green rectangle is called "Climactic action". You see it has ultra wide spread and ultra high volime. In fact it's the widest and highest by volume bar of the day. When you see a bar like this you should think if it's a selling or stoping volume. You may anticipate it knowing about strong support at 12190, or wating for the confirmation which happened on the next bar. In Drummond Geometry a bar like that is called an exhaust.

 

The second red triangle is a "No Demand" bar again.

 

Next signal is missed here but you already should see that if you combine two bars in 10 min bar it will be the same signal as the first one.

 

And the last red rectangle is Upthrust. The volume is not so high, spread is wide, high is hihger than previous several bars and the close is in low part of the bar. They describe it as stop hunting desined by market makers to mislead traders.

 

Hope that helps.

 

Thank you very much Wookey. One thing I have trouble understanding is after the strenght bar and climatic action bar price declines. Shouldnt price lift if this bar was really a climatic bar? Or are the big boys trying to push it up again to sell more?

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like it or not Tin... we end up on the same simple corner.... thats a simple hammer with volume surge at support (period).... wanna make it more complicated with vsa etc, etc,etc.... you can make it, but this is the old same good school being thought with some diferent sutil changes.... no new cience here... no new edge... lol...

 

I have made the case before that things that are true tend to transcend methodologies. That is, for example, an ideal No Demand bar would close in the middle on a lower range and volume less than the previous two bars. From a candle perspective, which is not VSA, if this bar was a Doji then the market is showing indecision.

 

Another example would be what Bill Williams calls a squat. Basically a squat is a bar with a narrow range and higher volume. VSA teaches us to pay attention to a narrow range bar that has higher volume (especially) if it is ultra high and closes in the middle. Essentially, this is just a more specifically defined squat bar.

 

The point, yes many other valid methods will have various underlying concepts in common.

 

As far as being new, Wyckoff was doing this in the 1800's. Which proceeds the time candles were introduced in America.

 

did you notice yesterday how Gavin timed his trades ?.... great contradiction was there... he sayed "weaknes comes on up bars" great input indeed (maybe the only one I did capitalize from yesterday) BUT then his entry was on a swing low of volatility H (old classic past information technical tool, we indicator junkies use) mmmmmm you see... thats a contradiction.... now Tod DID take the trade with the up bar going on.... maybe he has more confidence on what he preaches.... but any way... still the same GOOD old concepts being preached with some variations... I repeat no new cience here... still good cience indeed... Nice trade there Ting.... cheers Walter.

 

Yes. Todd is the true expert not Gavin. I hate watching the webinars with Gavin because he does basically use an indicator based system. The very thing we abhor!!!!!!! He needs to take the "h stops" off the chart and focus on price and volume. Gavin is also too dependant on the TG signs rather than what the bar itself has to say. He does believe in Volume Spread Analysis and thus makes an okay salesman, but is not he is be no means the ultimate chart reader.

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And I think the biggest thing that I took off that webinar yesterday...and I'm sure most people already do this but I didn't...was using VSA on a larger time frame to determine short term bias. Today the first 30 minute bar was a long legged doji. Not taking the open into account...we had a fairly wide range (definitely wider than premarket) with big volume (very big in comparison to the past few days' first 30 minute bar) and closed in the lower half of the spread.

 

I assume this would shout out to have a short term bearish bias. What they did was say...filter out any trades against your bias. WOW! Like a miracle to my ears right there. I hadn't ever done that. Just taken what looked good at the moment. Then today around 12:45 we had a MAJOR reversal. HUGE volume on a down bar with positive delta...thats something to take note of for sure. Bias switched to long at that point.

 

That was a big thing for me to learn. Very big thing...

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Hello guys,

 

I have a litte trouble understanding volume demand bars after a selloff. I have attached a chart from yesterdays action. The rectangle box shows couple sell volume spikes.

 

My questions is this: How do you watch for demand bars after that spike? In the first rectangle the volume spike is created by a doji. The next price bar closes above the high of the doji... this occurs on lower volume. How do you intrepret this? To me it seems like supply is cut off but price continues to drop.

 

The same thing occurs in the second rectangle box. Volume spike is created on a down bar but the next bar closes above the low of the previous bar.

 

Any advice would be appreciated. Thanks

 

Soul,

 

A couple things to think about. First at the time of the volume spike what was the trend? This is very important. If the trend was up then what we would be looking for is different than if the trend was down.

 

Next, are we around a known support/resistance area. These areas are usually respected by Smart Money. If we are and the trend is down, then we would expect to see demand enter the market, but not necessarily a change in trend.

 

After the large volume spike that closes on or near its high, we know that there must of been some Professional buying going on. Price does indeed move up. But as the trend is down we might expect to see a narrow range bar with volume less than the previous two that closes up from the previous bar, with the next bar down-No Demand.

 

Once you see the spike bar, You begin to look for either No Demand , No Supply, Tests , or Up Thrusts.

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I love this...learning more stuff every 10 minutes!! HAHA!! Like light bulbs all over the place (compact fluorescents of course).

 

So...as you were saying...in the down trend with a spike in volume followed by some demand but nothing trend changing would be shown as smaller, narrow range bars. Such as those circled here. This of course is remaining in tact with the overall trend, just letting you know this where the good bounce is to get in.

 

How awesome....I love it!

YMDiv_07.thumb.png.451835ad6fb8914f133ac9b40fb3d35c.png

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Hope you don't mind, TinGull but used your chat to show something. Just a couple of things to look for.

 

One note on stopping volume. Tom Williams, the father of VSA, would enter on the close of that bar. TG, however would not place a sign of strength until the next bar closes and is an up close. (2 bar pattern).

 

Getting in at the very bottom or top is not the most important thing. Here the best entry is after the test. Why? Because we have seen the strength come in on the stopping volume. Then we see a No Supply indication followed by a test for supply.

 

The Smart Money wants to make sure that there are no sellers out there to impede the mark up phase. That is why they test the market. Of course, the mark aggressive you are as a trader the earlier you would enter. But you should be looking for the bar after the volume spike (stopping volume) to confirm before entry.

5aa70e4a74ffb_post48.thumb.PNG.5b7c2e77e57a89962c328015c3a0f054.PNG

Edited by mister ed
add back deleted chart

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Pivot, thanks for contributing to this thread, I find this method extremely useful and fascinating. I've been trying to learn the relationship between the price and volume in groups but never seen a bar by bar analysis until now.

 

One question about your analysis from the previous chart, I noticed that there was a stopping volume brown bar before the true bottom. Can you tell me why this was a false bottom or at least explain action between the previous pivot low to the bottom bar.

 

I wanted to ask you if using tick charts work in VSA or not. Thanks.

 

vsa-question.PNG

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Torero asked the same Q I was going to ask. :) And T...tick charts are harder to see the differences in volume because they're masked by bars being determined by trades instead of time.

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    • Date : 1st December 2021. Market Update – December 1 – Taper gets a boost & Transitory gets “retired”. Powell “retires” Transitory in light of Omicron & surprisingly suggests faster taper – Stocks tank, Dollar& Yields rise on faster tightening expectations.   USD (USDIndex 95.90) back down from leap to 96.60 on Powell testimony. Saw fresh wave of risk aversion as Treasuries sold off, yields spiked (particularly the 2yr) , Stocks fell significantly with USA100 down over -2.4% (APPL bucked the trend +3.16%) USA500 -1.90% (-88pts) 4567 & USA30 off 652 pts or -1.86%. Consumer confidence saw a slump in the headline, and a rise to a 13-year high in the inflation component. The Chicago PMI fell to 61.8. Home prices increased to fresh record peaks. US Yields 10-year rates were down over 7 bps to 1.41% before closing at 1.443% before recovring to 1.468% now. Asian Markets – Equities – Topix and Nikkei are currently up 0.4%, the Hang Seng bounced 1.1% and the CSI 300 is up 0.1%. The ASX, which outperformed yesterday, dropped back -0.3%. Data over night – Japan’s manufacturing PMI came in stronger than expected and while China’s private PMI reading signalled stagnation at 49.9, that was compensated somewhat by the stronger than expected official manufacturing PMI released yesterday. AUD GDP was not as bad as expected -1.9% vs -2.7% & 0.7% last time. USOil – continues under pressure, down to $64.08 (14-week lows) yesterday – recovered to test $68.00 today – expectations continue to grow that OPEC+, will put on hold plans to add 400,000 barrels per day (bpd) of supply in January at their meeting tomorrow. Gold finally some intra-day volatility – Powell surprise spiked to $1808 – before testing $1770 with a couple of hours, back to $1788 now. FX markets – Yen rallied USDJPY dipped to 112.50, back to 113.40 now, EURUSD now 1.1326 & Cable steadied to 1.3300-1.3330. European Open – December 10-yr Bund future down -11 ticks at 172.26, slightly outperforming versus Treasury futures. Central bankers may be getting more nervous about inflation outlook, but Omicron clearly is clouding over growth outlook & in Europe at least that will boost the arguments of the cautious camp at the central banks. US yields remain firmly below the levels seen before the new virus variant hit the headlines & sentiment is likely to remain jittery, even if stocks are set to back up from yesterday’s lows, with DAX & FTSE 100 future posting gains of 0.9% and 0.7% respectively & a 1.4% jump in the NASDAQ leading US futures higher. Data releases today kicked off with a big miss for German Retail sales (-0.3% vs 1.0%), higher UK house prices & firmer CPI from CHF. Today – PMIs (EZ & UK),US Markit Final Manufacturing PMIs, US ADP and ISM Manufacturing PMI, JTC and OPEC meetings, BoE’s Bailey and Fed’s Powell & Yellen testify. Biggest FX Mover @ (07:30 GMT) NZDJPY (+0.60%) Risk-sensitive currencies remain volatile, from a slide to 76.65 yesterday, today a rally to 77.80. Currently MAs aligned higher, MACD signal line & histogram over 0 and rising, RSI dipping from 70.00 at 58, Stochastic remain OB. H1 ATR 0.172, Daily 0.84. 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.
    • Date : 30th November 2021. Market Update – November 30– Stocks at ups & downs. Omicron remains in focus and warnings that it will leave current vaccines far less effective and that it will take time to modify and produce new ones has seen markets adjusting growth forecasts and central bank projections.   USD (USDIndex 96.00 up from 95.92 low) saw a fresh wave of risk aversion as Treasuries sold off, but cautiously with only a modest back up in yields, & Stocks bounced significantly with the USA100 jumping over 2% intraday with IT a big winner. It closed with a 1.88% gain, with the USA500 1.3% firmer, and the USA30 up 0.68%. Wall Street stocks closed higher as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden. Moderna’s CEO told the FT that existing vaccines will be less effective and that it may take months before modified vaccines are available at scale. #Moderna +12.73% yesterday. US Yields 10- and 30-year rates were up just over 3 bps to 1.51% and 1.859%, respectively, with the 2-year 1bps higher at 0.508% The 10-year is currently corrected -3.9 bp to 1.46%, but it is still in negative territory, at -1.05% on Tuesday, keeping gold’s opportunity cost low. Equities – Topix and Nikkei are down -1.0% and -1.6% respectively, Hang Seng lost -2.3%, the CSI 300 -0.6%, while the ASX outperformed with a modest gain of 0.2%. USOil – down by 2%, drifted to $66.73 – after FT cast doubt on the efficacy of COVID-19 vaccines against the Omicron – expectations are growing that OPEC+, will put on hold plans to add 400,000 barrels per day (bpd) of supply in January. Gold spiked to $1795 – World Health Organization said on Monday carried a very high risk of infection surges. #TWTR was UP 12% pre-market on news Dorsey was leaving as CEO – it closed DOWN 2.74%. The USA100 rose+1.88%. FX markets – Yen rallied (a new flight to safety), Aussie and kiwi slide. USDJPY at 112.94, EURUSD now 1.1326 & Cable steadied to 1.3300-1.3330. European Open – The December 10-year Bund future is up 46 ticks, Treasury futures are outperforming and in cash markets the US 10-year rate has corrected -3.9 bp to 1.46% amid a fresh wave of risk aversion. DAX and FTSE 100 futures are down -1.5% and -1.1% respectively, while a -1.1% drop in the Dow Jones is leading US futures lower. In FX markets both EUR and GBP gained against the Dollar. EGB yields had moved higher against the background of improving risk appetite and a jump in German inflation yesterday, but while Eurozone HICP today is likely to exceed forecasts, central bankers have already been out in force to play down the importance of the number for the central bank outlook and rate expectations. Virus developments will also help to take the sting out of the number. Today – German labour market data, EU Inflation, Canadian GDP and US Consumer confidence are due today. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen are due to testify before the US Senate Banking Committee at 15:00 GMT. Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.68%) Risk-sensitive currencies slid and safe havens gained. AUDJPY dropped to 80 lows (S2). Currently MAs point rightwards, MACD signal line & histogram below 0, RSI rising above 30 but Stochastic OS. Hence a mixed picture intraday. 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.
    • Date : 29th November 2021. Market Update – November 29 – Omicron dominates sentiment. USD (USDIndex 96.30) recovers from Fridays slump (95.98), Stocks lost over –2.2% in thin half-day trading, Oil FUTS lost –13%, Gold slumped and Yields tanked (10-yr 1.482%) on a safe haven (JPY & CHF bid) risk off day. (and a strange carry trade bid for EUR). Weekend news, as Countries block flights and tighten restricts, but first Omicron cases in SA appear mild and hospitalizations have not spiked, has seen a bounce in sentiment and Asian markets. Pfizer suggested it would take 100 days to adapt new vaccine, if required. US Yields 10yr trades up 5.1 bp at 1.52%, after Friday’s slump. Equities – tanked in thin and short day on Friday USA500 -106.84 (-2.27%) at 45941 – USA500.F trades higher at 4639. USOil – collapsed to $67.08 – now up nearly $4 at $71.00. OPEC+ have delayed this weeks meeting by 2 days & likely to delay planned January production increases. Gold spiked under $1780, has bounced to $1795 but struggles to recoup $1800   FX markets – EURUSD now 1.1270, after a +125pip rally on Friday, USDJPY now 113.36, from 115.50 to 113.00 on Friday & Cable back to 1.3325. Overnight – JPY Retail Sales recover but miss expectations (0.9% vs 1.2% & -0.5% last time). European Open – The December 10-year Bund future is down -27 ticks, US futures are also in the red & the US 10-year rate is up 5.1 bp at 1.52%. Stock markets remained under pressure during the Asian part of the session, but DAX and FTSE 100 futures are up 1.2% and 1.3% respectively and a 1.2% rise in the NASDAQ is leading US futures higher. A part reversal of Friday’s flows then as virus developments remain in focus. Travel restrictions are making a come back and the services sector in particular is facing fresh pain, but as Lagarde suggested over the weekend, the impact of Omicron is unlikely to throw economies back to the situation at the start of the pandemic, meaning the overall situation has not really changed. We continue to see the ECB on course to end PEPP purchases on time in March next year, although developments will add to the arguments of those who want to keep the flexibility on the distribution of asset purchases at least for future emergencies. The BoE meanwhile may be postponing the planned rate hike into next year. Today – German regional and national CPIs, Eurozone Consumer Confidence (final), US Pending Home Sales, ECB’s de Guindos, Schnabel, Lagarde, Fed’s Williams, Powell. Biggest FX Mover @ (07:30 GMT) CADCHF (1.00%) The risk-off collapse on Friday 0.7400-0.7200 has recovered to 0.7280. MAs aligned higher, MACD signal line & histogram rising but still below 0 line, RSI 53.80 & rising H1 ATR 0.0018, Daily ATR 0.0062. 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.
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