Its a big week ahead, with the ECB, the FED, trade, and the UK General Election in focus. Expect the stats to play second fiddle in the week.
Its election week The Tories remain ahead in the polls and the predictions, with the odds also supporting the Pound. Could it be plain sailing?
Based on 4 algo trading strategies developed with the Strategy Factory approach and 3 indicator based algo strategies, the current position bias for Euro Currency is BEARISH.
OPEC+ press conference imminent. Oil markets un-enthused. US expected to show +180k jobs created in November, +10k for Canada. Germany reports dismal Industrial Output numbers for October, but traders...
USDSEK decline from November 13, 2019 peak is unfolding in 5 waves impulse structure. This article & video show the Elliott Wave path.
Market is stagnant
GBPUSD with the pair remaining biased to the upside more strength is expected in the days ahead.
If I am correct in my belief that the global economy is stabilizing, it is likely that the industrial commodities, including copper, crude oil and lumber will advance in price in the long term.
Rebound continues as hope for the Phase 1 trade deal lingers. China is silent on progress but confirms talks continue.
Financials: Mar. Bonds are currently 0’04 lower at158’21,10 Yr. Notes0’01 higher at129’14.5 and 5 Yr. Notes 0’01.00 higher at 119’00.75. Over the last 2 weeks [...]
GBPUSD rally from Nov 23 low is unfolding as an impulse Elliott Wave structure, favoring more upside. This article looks at the Elliottwave path.
In yesterdays analysis on gold price in December 2019 , we wrote that while the outlook for the yellow metal for the following months was bearish, it was bullish for the short term. And indeed gold,...
Stock index futures advanced following a report that the U.S. and China were moving closer to signing a phase-one trade deal.
EUR/USD is under a bit of pressure in the early day and is threatening a downside break from a range that has been playing out in the early week.
Strengthens Over 3089.25, Weakens Under 3072.75
USDJPY is reversing sharply from the 109.73 area, giving us further evidence that leg D of a bigger triangle is completed, and that a minimum three-wave bearish reversal is in progress.
President Trump said he had no deadline to conclude a trade deal with China, adding that in some ways I like the idea of waiting until after the election.
The U.S. dollar is on the defensive on Tuesday. The pound has posted gains, while the Aussie and NZ dollar continues to gain ground after starting the week with sharp gains.
EURUSD found a base at the 1.098 area, from where a strong rally started to take place.
The Australian share market suffered its worst day since mid-August on renewed fears over global trade uncertainty. The sell-off wiped on $50.8 billion in value from the market and was the largest single-day...