GBP/USD Signals Update Last Wednesday’s signals were not triggered. Today’s GBP/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm London time today. Long Trades Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.4285 or 1.4241. Place the stop loss 1 pip below the local swing low. Move the stop loss to break even once the trade is 20 pips in profit. Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run. Short Trades Short entry following a bearish price action reversal on the H1 time fr...
With Russian stocks among the best performing in 2016 – and up dramatically since The White House issued its “sell” rating… It appears another key element of American’s hegemony is also breaking down. When the US (and its European vassal states) unleashed sanction on Russia in July 2014, it sent bond yields spiking from 9% to over 14% as political and social risks were priced in (as demanded by Treasury). However, despite the ongoing sanctions and the pressure (whether implicit or explicit from Washington) on oil prices, Russian bond yields have disobeyed America and are back below 9% – the lowest level o...
On Friday, Asian markets closed lower on economic weakness, which has had a foothold in the markets for quite some time now. The NIKKEI was the biggest losing index shedding 1.41% for the day to close at 16,412.21. While this is bad news, the bright side is that the index still managed to finish the week with a gain of 1.89%. This represents some bullishness in a tough economic environment. The Hang Seng Index was the second worst performing index closing down by 0.99%to 19,719.29 because of weak economic data. The ASX 200 traded flat on weak economic data as well, along with a decline in iron ore prices. Nikkei Strength Halted The Nikkei had...
Venezuelan President Nicolas Maduro extended the economic state of emergency in the South American country on Saturday by 60 days. The president also threatened to take over idle factories and jail their owners who are trying to “sabotage the country” by halting production. The emergency state extension came after pro and anti-government demonstrators took to the streets, in response to the economic crisis that has been gripping the country since January. Clashes erupted last week between security forces and demonstrators protesting against food shortages, power blackouts and the government’s stalemate. A public health crisis ha...
T2108 Status: 52.1% T2107 Status: 55.3%VIX Status: 15.0General (Short-term) Trading Call: bearishActive T2108 periods: Day #64 over 20%, Day #63 over 30%, Day #60 over 40%, Day #57 over 50% (overperiod), Day #2 under 60% (underperiod), Day #9 under 70% Commentary May 10, 2016 may be the closest the stock market gets to overbought status for a good while to come. In the last T2108 Update, I noted how a jump in T2108 toward overbought status (to 66.8%) solidified the case of buyers. The S&P 500 (SPY) gained 1.3% on a day that looked like convincing follow-through to the line in the sand buyers drew at 50-day moving average (DMA) support. ...
Abenomics Recap Record Japanese stimulus coupled with negative rates yield produced no inflation, a flat stock market, a strengthening Yen, falling exports, and a slowdown in bank lending. Running Out of Road Bloomberg reports Never Has BOJ Done So Much for So Little Benefit. Even after arranging a record stimulus program and reducing a key interest rate to less than zero, the central bank has failed to boost inflation to its goal of 2 percent. Stocks are little changed from where they were in October 2014 when Governor Haruhiko Kuroda expanded his package of asset purchases. Exports are declining. One measure of bank lending is at a 14-year...
EUR/USD Signal Update Last Wednesday’s signals were not triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be taken before 5pm London time today only. Long Trades Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1273 or 1.1234. Put the stop loss 1 pip below the local swing low. Adjust the stop loss to break even once the trade is 20 pips in profit. Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run. Short Trade 1 Short entry following a bearish price action reversal on the H1 time frame immediatel...
1. Market Update During the last three weeks gold broke out to the upside and posted a sharp rally until $1,303 missing the January 2015 high only marginally. Since then prices have come back down to $1,257 retracing all of the previous gains. Overall the bulls remain in control and gold could still rally towards $1,333 – 1,355 before the first wave up is finally finished. In a new bull market gold will stay overbought much longer than anyone can imagine. But sooner or later the laws of gravitation and regression will force the corrective second wave down. Since gold is acting strong but making no progress overall since February...
Silver took a slight dip late last week thanks to recent data with regard to demand from jewelers. However, the price of the precious metal bounced back quickly. Now, there’s one question to be answered. Is this going to send silver tumbling downward? Today, we’ll talk about why lower silver demand from jewelers could really lead the precious metal in any direction, what we saw from the value of silver last week, and how this is likely to open opportunities for binary options traders moving forward. So, let’s get right to it! Why Weak Demand From Jewelers Could Send The Price Of Silver In Any Direction When it comes to most commodities...
Silver took a slight dip late last week thanks to recent data with regard to demand from jewelers. However, the price of the precious metal bounced back quickly. Now, there’s one question to be answered. Is this going to send silver tumbling downward? Today, we’ll talk about why lower silver demand from jewelers could really lead the precious metal in any direction, what we saw from the value of silver last week, and how this is likely to open opportunities for binary options traders moving forward. So, let’s get right to it! Why Weak Demand From Jewelers Could Send The Price Of Silver In Any Direction When it comes to most commodities...