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Posts by "jontrader"

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jontrader
(Texus, United States)
jontrader
Texus, United States
Posts: 0
5 years ago
Jan 21, 2020 12:47
In Thread: Fed & USD
SD/CAD rallies again to 1.3075-80 resistance amid weaker oil costs

USD/CAD regains wonderful traction and climbs to a 1.3075 resistance zone.
Sliding crude oil fees weighed at the loonie and remained supportive.
The upside is possible to remain capped in advance of the BoC on Wednesday.

The USD/CAD pair edged better via the early European session on Tuesday and is currently located close to the 1.3075-eighty strong horizontal resistance.

Following the previous consultation's modest downtick, the pair managed to regain some advantageous traction on Tuesday and become being supported by means of a mixture of factors – the triumphing bullish sentiment around the US dollar and sliding crude oil charges.

USD/CAD supported by means of sliding oil expenses

The greenback managed to keep closing week's modest gains, triggered by means of better-than-predicted US economic releases, which supported expectancies that the US economic system will keep to expand and dampened possibilities for any similarly interest rate cuts by way of the Fed.


Meanwhile, an intraday pullback in crude oil costs undermined demand for the commodity-linked currency – the loonie – and further collaborated to the pair's intraday advantageous move. Oil costs fell almost 1% on Tuesday amid fading supply concerns from Libya.

It will now be thrilling to peer if the pair is capable of capitalizing on the high-quality momentum or bulls chorus from placing any fresh bets as the focus now shifts to the latest financial policy replace via the Bank of Canada, scheduled to be announced on Wednesday.

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jontrader
Texus, United States
Posts: 0
5 years ago
Jan 21, 2020 12:38
In Thread: EUR
EUR/USD retakes 1.1100 and beyond on upbeat ZEW

EUR/USD quickly movements above the 1.1100 marks.
German Economic Sentiment improves to 26.7 in January.
Attention now shifts to Trump’s speech in Davos.

A surprising boost of purchasing interest-driven EUR/USD returned above the key 1.1100 marks on Tuesday soon after the discharge of better-than-estimated ZEW Survey figures.


EUR/USD stays near 1.1100, attention on Trump

The pair has regained greater oxygen and advanced – albeit briefly – to the location above 1.1100 the determine after the ZEW Survey confirmed the Economic Sentiment rebounded to 26.7 and 25.6 in Germany and the euro area, respectively, for the current month.

Moving forward, buyers are now targeted on the imminent speech with the aid of President Trump at the WEF in Davos, amidst growing concerns regarding the outbreak of the Wuhan coronavirus in China.


What to look for around EUR

The pair dropped to sparkling every year lows and lingers over the important thing 55-day SMA to date this week and always trying to USD-dynamics. Furthermore, the recent charge action suggests that the 1.1180 regions may be a meantime top. In the meantime, markets’ awareness is now seen moving to a more data-structured stance whilst the US-China change front remains muted for the time being. On the greater macro view, the slowdown within the location stays aways from abated and keeps to justify the ‘looser for longer’ monetary stance from the ECB, which is anticipated to keep the current ‘wait-and-see’ stance, at least within the near-term, as in step with the recently published minutes (Accounts) from the December meeting.

EUR/USD degrees to watch

At the moment, the pair is gaining 0.05% at 1.1100 and faces the subsequent up barrier at 1.1134 (200-day SMA) followed by 1.1172 (weekly excessive Jan.16) and eventually 1.1186 (61.8% of the 2017-2018 rally). On the downside, a breakdown of 1.1076 (weekly/2020 low Jan.20) would goal 1.1066 (100-day SMA) en direction to 1.1039 (low Dec.6 2019).

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jontrader
Texus, United States
Posts: 0
5 years ago
Jan 21, 2020 3:46
In Thread: GBP
GBP/USD Price Analysis: Inside falling channel underneath 200-bar SMA


1. GBP/USD struggles to hold onto recovery profits beyond the 1.3000 mark.

2. December 23 low stays on the bears’ radar whereas December 31 pinnacle will assignment the customers throughout upside.

GBP/USD trades close to 1.3000 by the clicking time of Tuesday’s Asian session. In doing so, the pair stays inside the month-to-month falling fashion channel at the same time as also remaining below 200-bar SMA.

With this, sellers preserve eyes on December 23 low, close to 1.2900, as close to-time period key support throughout further declines.

In a case in which GBP/USD expenses stay weak underneath 1.2900, November 22 bottom around 1.2820 ought to go back to the chart.

On the upside, 61.8% Fibonacci retracement of the pair’s rise from November 22 to December 12, at 1.3086, can offer immediate resistance in advance of the stated channel’s top line and 200-bar SMA confluence near 1.3100/05.

If buyers manage to go 1.3105, 50% Fibonacci retracement level close to 1.3170 can offer intermediate halt previous to fuelling the pair in the direction of the excessive marked at the stop of 2019, at 1.3285.

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jontrader
Texus, United States
Posts: 0
5 years ago
Jan 21, 2020 3:44
In Thread: GBP
GBP/USD Price Analysis: Inside falling channel underneath 200-bar SMA


1. GBP/USD struggles to hold onto recovery profits beyond the 1.3000 mark.

2. December 23 low stays on the bears’ radar whereas December 31 pinnacle will assignment the customers throughout upside.

GBP/USD trades close to 1.3000 by the clicking time of Tuesday’s Asian session. In doing so, the pair stays inside the month-to-month falling fashion channel at the same time as also remaining below 200-bar SMA.

With this, sellers preserve eyes on December 23 low, close to 1.2900, as close to-time period key support throughout further declines.

In a case in which GBP/USD expenses stay weak underneath 1.2900, November 22 bottom around 1.2820 ought to go back to the chart.

On the upside, 61.8% Fibonacci retracement of the pair’s rise from November 22 to December 12, at 1.3086, can offer immediate resistance in advance of the stated channel’s top line and 200-bar SMA confluence near 1.3100/05.

If buyers manage to go 1.3105, 50% Fibonacci retracement level close to 1.3170 can offer intermediate halt previous to fuelling the pair in the direction of the excessive marked at the stop of 2019, at 1.3285.

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jontrader
Texus, United States
Posts: 0
8 years ago
Feb 26, 2017 15:09
In Thread: CHF
(((((((Understanding the Basics of Forex Trading)))))))

With the advent of globalization and communication technology, traders now enjoy the ability to profit across all countries and economies. Regardless if you are a trader sitting in New York or Shanghai, you can grow your portfolio by capitalizing upon the Forex trading of the Japanese Yen or the Indian Rupee.

Subsequently, the foreign currency exchange, also known as Forex trading, has grown to be the largest financial market - with over 3 trillion US dollars traded each day. Most of this Forex market is traded by private investors and traders, who see the ripe opportunities that exist in Forex trading.

The basics of the Forex trading market - The Forex trading market operates 24 hours a day, allowing traders to capitalize upon profit opportunities throughout the world. Whether by telephone or the internet, the Forex trading market is constantly connected, affording currency traders the ability to seize profitable trades, regardless of their local time zones, market hours, or country boundaries.

The foreign currency trading market is commonly referred to as the interbank market. Forex trading involves the buying of one currency and the selling of another. The particular currency combination is referred to as a cross (for example, the Euro/GB Pound, or the US Dollar/Japanese Yen.).

Types of Forex trading strategies - The largest volume of trades occurs in what is called a spot market. It is referred to as the spot market because trades are instantaneously settled, or "on the spot."

Another type of trade using Forex trading strategies involves "forward outbreaks." Although the trade itself is carried out immediately, settlement on the value date involves a small interest rate calculation which is usually insignificant, unless the position is held for a long time. The interest rate differential varies based on the currencies traded. This differential in interest rates between the two countries involved can produce a positive or a negative differential, which is calculated and added to your account.

Increasing your Forex trading power - Because Forex trading is done on margin, the amount of assets controlled is far greater than the funds in an account. As fluctuations in currency exchange rates on any particular day are small, the fact that trading is done on margin allows for profitable Forex trading strategies. None the less, it should be noted that trading on margin can greatly increases your risks. Because of this aspect, any new investor should thoroughly learn Forex trading through Forex courses.

The Benefits of Forex trading - Forex trading offers multiple advantages to other financial investment markets. One of the principal advantages is the fact that trading occurs around the clock, allowing the investor with the appropriate Forex trading strategies to immediately take advantage of opportunities. The Forex market is the most liquid in the world, allowing for price stability and narrow spreads.

Since currency exchange rates are always changing, Forex trading opportunities are continuous, regardless of which direction the currency is moving.

The interbank market is also often traded without commissions, which makes it attractive to an investor who wants to trade frequently. However, for ease of transaction, Forex trading also occurs on futures exchanges.

However, as with all currency trading strategies, there is no reward without some risk. Any investor contemplating foreign currency trading should thoroughly learn Forex trading utilizing studying Forex exchange courses before implementing their Forex trading strategy.

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