Trade ideas thread – European session 9 February 2023
A dent to risk sentiment or is this the start of a potential reversal? Things are certainly heating up ahead of next week’s US CPI data release. For today, we might get a bit of a teaser on the market’s appetite or angst with German inflation on the data docket. Meanwhile, the yen is also […]
Live Trading Session Using “Supply Demand EA Pro” (7/2/2023) – Analytics & Forecasts – 7 February 2023
Hello traders, Many traders believe that they need to spend much time in front of their screens in order to spot trades and be profitable. That is a wrong mindset. Today i spent 40 minutes in front of my charts and i placed 3 trades in total. I got about ten alerts and i traded […]
Trade ideas thread – European session 6 February 2023
Hot. Hot. Hot. 🔥🔥🔥 US labour market conditions continue to stay strong and that sent markets for a ride on Friday with bonds selling off heavily and the dollar recovering strongly. But does that really change the Fed outlook all too much? In all honesty, I don’t think so but perhaps markets are now heeding […]
To test the 20-day EMA after hitting a new session high around 130.50
USD/JPY recovers some ground as traders brace for a busy US economic calendar. Buyers are eyeing a test of the 20-day EMA, as the RSI and RoC suggest the USD/JPY could print a leg-up in the near term. SUD/JPY Price Analysis: Remains downward biased, but it could aim higher. USD/JPY erases last Friday’s losses and […]
Equities keep more tentative on the session
I would say the market mood is more tentative as we await the US PCE data later today. Here’s a snapshot at the equities space right now: Eurostoxx +0.1% Germany DAX +0.1% France CAC 40 flat UK FTSE +0.1% S&P 500 futures -0.3% Nasdaq futures -0.5% Dow futures -0.1% It’s been a relatively choppy week […]
The AUD is the strongest and the NZD is the weakest as the NA session begins
The strongest to the weakest of the major currencies As the NA session begins, the AUD is the strongest and the NZD is the weakest. The two countries released their 4Q CPI data in the new trading day. New Zealand was higher than expectations at 1.4% vs 1.3% but Australia was even higher with a […]
The JPY is the strongest and the GBP is the weakest as the NA session begins
The strongest to the weakest of the major currency pairs As the North American session begins, the JPY is the strongest and the GBP is the weakest. The flash PMI data is Europe were generally a little better. The services PMI in the Eurozone moved back above the 50.0 level at 50.7. The services index […]
Trade ideas thread – European session 23 January 2023
Dollar on the brink? That’s one possibility of a break to watch in trading this week, ahead of the FOMC meeting next week. Here are some key levels in consideration: EUR/USD is at fresh highs since April last year, pushing 1.0900 as buyers eye 1.1000 GBP/USD knocking on the door of its December highs at […]
To the moon! Bitcoin moves to a new session. Nearly reaches a $22,000
Bitcoin to the moon The price of bitcoin Bitcoin Bitcoin is the largest and world’s first digital currency launched back in 2009 by the entity, Satoshi Nakamoto. Being a digital currency, a defining feature of Bitcoin is that it functions without a central bank or single administrator. Rather, Bitcoin instead can be sent by peer-to-peer […]
Trade ideas thread – European session 20 January 2023
What a week it has been and it looks like things are settling down a bit ahead of the weekend, with equities holding up so far today. This comes after a drop in the past two days, which saw US stocks in particular suffer a technical setback. The bond market also continues to intrigue with […]