Analyst Articles – Forex News 24 |
- Investors on Edge Ahead of Earning Season
- Crude Oil Price Remains Firm as OPEC Cuts Curb Oversupply
- Gold Price Outlook Still Positive as Global Slowdown Fears Persist
- GBPUSD Price Shrugs Off Brexit Extension, Sterling’s Bid Remains
- AUD/USD Upside Breakout Needs Confirmation After In-Line China CPI
- S&P 500 and VIX Belie Financial Risks Even the IMF is Telegraphing
- EUR/USD Extends Bullish Reversal Despite Draghi, AUD/USD May Rise
- IMF Strikes Cautionary Tone in Latest Global Financial Stability Report
- A Black Hole Around Fed Minutes
- Traders Increase Their Net-Short Positions
| Investors on Edge Ahead of Earning Season Posted: 11 Apr 2019 03:51 AM PDT Hits: 2 Equity Analysis and News
Source: Thomson Reuters, DailyFX S&P 500 | Despite several key risk events throughout the week, volatility has remained subdued, which has been made apparent by the sideways price action observed in the S&P 500. The change on the week has been a meagre 0.15% decline. However, as the global growth outlook appears to be softening, the upcoming earning season will be crucial for investors on whether company executives echo these concerns. April 12th will see the official start of the US earning season with financial names JP Morgan, PNC Financial and Wells Fargo reporting before the bell.
Throughout the first quarter, the financial sector (XLF) has underperformed the broader market (S&P 500) with gains of roughly 8% relative to the 13% rise in the S&P 500. Factors behind this have bee due to the change in stance from the Federal Reserve who moved to a patient stance with regard to rate hikes amid the slowing down in US growth.
Source: Thomson Reuters (Q1 Performance) S&P 500 Price Chart: Daily Time Frame (Aug 2018 – Apr 2019)
RESOURCES FOR FOREX & CFD TRADERS Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex. — Written by Justin McQueen, Market Analyst To contact Justin, email him at Justin.mcqueen@ig.com Follow Justin on Twitter @JMcQueenFX
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| Crude Oil Price Remains Firm as OPEC Cuts Curb Oversupply Posted: 11 Apr 2019 03:14 AM PDT Hits: 6 Crude Oil Price Analysis, News and Chart.
DailyFX Crude Oil Landing Page – Prices, Charts, Analysis and Real-Time News The price of crude oil remains near a five-month high in early trade, underpinned by ongoing OPEC production cuts and US sanctions on Iran and Venezuela. The latest International Energy Agency (IEA) report highlighted the ongoing effectiveness of these US sanctions and the success of last year's Vienna Agreement in draining oversupply out of the market, helping the price of oil to rally strongly from $50/bbl. in late-December to a current price of $71.25/bbl. The IEA warned however that the outlook for global growth remains a concern, just one day after the IMF cut global growth projections. IMF Strikes Cautionary Tone in Latest Global Financial Stability Report. The IEA noted that while they maintained their forecast of 1.4 million barrels per day, they accept that there are "mixed signals about the health of the global economy, and differing views about the likely level of oil prices." The chart below shows the recent narrow daily trading ranges in oil with the general uptrend still in place. The market continues to flash an overbought signal but is propped up all three moving averages and 38.2% Fibonacci retracement at $70.56/bbl. Support below here cuts in around the $68.50/bbl. level ahead of the 50% Fib retracement at $65.56/bbl. WTI vs Brent: Top Five Differences Between WTI and Brent Crude Oil. Crude Oil Price Chart Daily Time Frame (April 2018 – April 11, 2019)
How to Trade Oil – Crude Oil Trading Strategies and Tips. IG Client Sentiment shows that retail traders are net-short of Oil, a bullish contrarian indicator. — Written by Nick Cawley, Market Analyst To contact Nick, email him at nicholas.cawley@ig.com Follow Nick on Twitter @nickcawley1
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| Gold Price Outlook Still Positive as Global Slowdown Fears Persist Posted: 11 Apr 2019 02:01 AM PDT Hits: 4 Gold price, news and analysis:
Gold in demandThe price of gold is trading close to its highest level since March 28 but further gains could yet be in store as investors seek out haven assets on concerns about a weak global economy and the ongoing trade disputes between the US on one side and both China and the EU on the other. From a recent low of $1,280.98 per ounce on April 4, the gold price has already climbed to a high of $1,310.69 Wednesday but further gains are still possible, perhaps after a short period of consolidation. As the chart below illustrates, gold continues to trade within the rising channel in place for most of this month so far and even a near-term fall below $1,300 would do little to damage its prospects. Gold Price Chart, One-Hour Timeframe (April 4-11, 2019)
Chart by IG (You can click on it for a larger image) From an economic perspective, one key driver remains fear of a global slowdown and, in particular, talk of a US recession. Although the prospect of such a recession may well have been exaggerated, safe-haven gold remains the go-to asset for worried investors. The ongoing trade wars between the US and China, as well as between the US and the EU, are also polishing gold's shine, as are jitters ahead of the start of the US corporate earnings season. Fed, ECB and IMF all downbeat on growthOn Wednesday, the US Federal Reserve's minutes of its March 19/20 meeting showed the central bank is no longer sure about higher interest rates in 2019. "A majority of participants expected that the evolution of the economic outlook and risks to the outlook would likely warrant leaving the target range unchanged for the remainder of the year," it said. The European Central Bank was pessimistic too. "The risks surrounding the euro area growth outlook remain tilted to the downside, on account of the persistence of uncertainties related to geopolitical factors, the threat of protectionism and vulnerabilities in emerging markets," said ECB President Mario Draghi. That followed cuts by the International Monetary Fund in its growth projections for 2019 and 2020. "While a global recession is not in the baseline projections, there are many downside risks," said IMF Chief Economist Gita Gopinath. As for the positioning of retail traders in the gold market, IG Client Sentiment figures show almost three quarters of them are long. At DailyFX we take a contrarian view of crowd sentiment and that too suggests further upside potential for the gold price.
You can read plenty more about gold here And here are the top gold trading strategies and tips Resources to help you trade the markets:Whether you are a new or an experienced trader, at DailyFX we have many resources to help you: — Written by Martin Essex, Analyst and Editor Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| GBPUSD Price Shrugs Off Brexit Extension, Sterling’s Bid Remains Posted: 11 Apr 2019 01:23 AM PDT Hits: 13 GBPUSD Price, News and Analysis and Brexit Latest
Q2 2019 GBP Forecast and USD Top Trading Opportunities British Pound Latest – Brexit and the Halloween DeadlineThe EU and UK agreed to a six-month flexible extension of Brexit until October 31 or earlier if the UK signs off the Withdrawal Agreement. However, if the UK does not take part in the European Parliamentary Elections by May 31, then the UK will automatically be kicked out of the EU. If the UK signs off an agreement with the EU before May 31, then they will not have to take part in the election process. This flexible extension means the possibility of the UK falling out of the EU this Friday has been averted although if history is anything to go by, the can has just been kicked further down the road. Neither side has made any shift in their negotiating stance, while all that is happening in the UK is that PM May's position is becoming more untenable by the day. Labour and the Conservative party continue their cross-party talks but neither side has made any concessions, while the ruling Conservative party is being split apart by internal positioning and politicking. Sterling continues to hold a bid around the 1.3000 level against the US dollar despite this negative backdrop. While the immediate worry of falling out of the EU with a No Deal has passed for now, there has been no advance in negotiations. The UK Parliament is also in recess for its Easter break until April 23. The GBPUSD chart shows an ascending triangle formation from mid-March with a cluster of other technical indicators including the 20-, 50- and 200-day moving averages and the 38.2% Fibonacci retracement level at 1.3177. The CCI indicator has made a break from its recent downtrend but remains weak overall.
Sterling (GBP) Fundamental Outlook: Leaning Towards a Softer Brexit? Sterling Weekly Technical Outlook: GBPUSD & EURGBP Trends Creaking. GBPUSD Daily Price Chart (July 2018 – April 11, 2019)
Retail traders are 69.0% net-long GBPUSD according to the latest IG Client Sentiment Data, a bearish contrarian indicator. See how recent daily and weekly positional changes affect GBPUSD sentiment. Traders may be interested in two of our trading guides – Traits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide. What is your view on Sterling – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author at nicholas.cawley@ig.comor via Twitter @nickcawley1.
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| AUD/USD Upside Breakout Needs Confirmation After In-Line China CPI Posted: 10 Apr 2019 07:16 PM PDT Hits: 5 AUD/USD, China CPI Talking Points
Trade all the major global economic data live as it populates in the economic calendar and follow the live coverage for key events listed in theDailyFX Webinars. We'd love to have you along. The Australian Dollar remains above key resistance as it awaits a slew of potentially market-moving Chinese economic data. In the meantime, headline CPI in the world's second-largest economy picked up to 2.3% y/y in March from 1.5% in February as expected. Meanwhile, wholesale inflation clocked in at 0.4% y/y from 0.1% prior as anticipated. The pickup in Chinese prices follows a similar uptick in manufacturing PMI data which in the same period, rose to 50.5 and indicated expansion for the first time since October. While not surpassing estimates, Chinese CPI data did not disappoint either. As of late, local economic data has been tending to outperform relative to economists' expectations, offering a cooldown in growth concerns. If decent economic readings continue crossing the wires, AUD/USD may find support given Australia's critical trading relationship with China. To that end, at an unspecified time these next few days, we will get Chinese new Yuan loans and trade data. Until then, the Aussie may benefit from ebbing RBA rate cut bets if they are overpriced. Keep an eye on commentary from RBA's Deputy Governor Guy Debelle who may uphold this. AUD/USD Technical AnalysisOn the daily chart below, the Australian Dollar has made a critical push above the US Dollar as AUD/USD cleared a descending resistance line from February. As noted in this week's technical forecast, a breakout in the Aussie should require confirmation. For that, watch how resistance behaves between 0.7184 and 0.7207 next. You can follow me on Twitter for the latest updates in AUD here at @ddubrovskyFX. AUD/USD Daily Chart
Chart Created in TradingView Australian Dollar Trading Resources— Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| S&P 500 and VIX Belie Financial Risks Even the IMF is Telegraphing Posted: 10 Apr 2019 06:34 PM PDT Hits: 5 Volatility Talking Points:
What do the DailyFX Analysts expect from the Dollar, Euro, Equities, Oil and more through the 2Q 2019? Download forecasts for these assets and more with technical and fundamental insight from the DailyFX Trading Guides page. The IMF Warns On Financial Stability, Adding to Its Downgrade to Growth ForecastsThus far, the IMF and World Bank spring meeting seems to carry a clear cautionary tale for global citizens and investors. They started off the event with the third downgrade in global growth forecasts in six months with the WEO (World Economic Outlook) Tuesday. This past session’s report on the health and prospects for the financial system is even more troubling. While the world’s pace of expansion is expected to slow, there is no overt concern of a stall in growth with the exception of a very few countries under certain scenarios. Those scenarios are what should worry all market participants. The GFSR (Global Financial Stability Report) set out clear concern over the health and stability of the financial system moving forward. Speaking in language that would appeal to technical traders, the update suggested US capital market benchmarks – like the S&P 500 and Dow – are displaying “late-cycle dynamics”. Following the bouts of volatility in 2018, that would be a fair assessment. Their concerns seemed to tap more systemically into liquidity, mentioning occurrences of flash crashes. Liquidity is the lifeblood for all markets. It will determine direction (bullish or bearish), activity level (high or low volatility) and the general environment (range, breakout, trending). This has been a topic of conversation of ours for some time, so I am only surprised that it is garnering more ‘mainstream’ mention. IMF Graph Corporate Debt Relative to GDP
General conditions set the scene while possible catalysts are observed for potentially igniting the fire. On that front, there were plenty of troubles seemingly plaguing the staff at the IMF. Some assets – like emerging market corporate bonds and high-yield debt – were singled out for reflecting market valuations that exceed fundamentals. Tipping over into trade wars territory, there was a clear concern over the relationships between key economic partners. US Treasury Secretary Steve Mnuchin this past session suggested further progress with China when he suggested an agreement had been met on “enforcement mechanisms” – an important impediment to a deal. That wouldn’t be enough however to offset President Trump’s threat to impose $11 billion in tariffs on EU imports in retaliation for Airbus subsidies. Speaking to monetary policy, the group insinuated any effort by the Fed to return to its tightening regime could throttle the local economy with knock-on effects to the rest of the world. I thought it more remarkable that they weighed in on the distortion stimulus and extremely accommodative monetary policy in general has caused to the financial system. They fell short of warning that, push-coming-to-shove the central banks would not be able to put out new financial fires should they arise – a fear that I maintain. In all of this, the financial-economy impact was reiterated. Risk Assets Look Like Tourists Milling Around Through a Hurricane SirenDespite the unmistakable risks enumerated by the IMF and their clear unease over the course of the global economy, the markets acted as if they didn’t receive the report. The S&P 500 and Dow – called out obliquely for their late cycle habits – actually inched higher towards their respective record highs. Perhaps even more remarkable was the favorable performance from emerging markets (EEM and EMB) and junk bonds (HYG and JNK) referred to specifically as being overpriced. It reminds me of a situation a few years ago when then-Fed Chair Janet Yellen ventured an assessment that certain sectors of the equity market were “frothy” and they continued to rally in the days following. Complacency is no surprise at this point, but traders should continue to tread carefully. Many of these points of discussion on risk were arcane not long ago, and now they seem to be mainstream and even regular headline fodder. All that is necessary is another jolt of volatility to set market participants on the hunt for ‘reasoning’ for there to be cautious and they will find the list long and unsettling. Chart of S&P 500 (Daily)
It is this bias that we should follow as a precursor to our assessment of risk and a general trading approach. If markets are able to maintain their positive risk bias, it will unfold under a cloud of skepticism for the global economy and the sense that a financial risk is always around the corner. That makes for a very limited risk/reward scenario as a rule for a general perspective on the overall market. That doesn’t mean we should write off ‘risk on’ trades altogether, but it is important to be more selective (favoring global shares represented by VEU versus US like Dow) and set more reasonable targets against more forgiving stops. In contrast, ‘risk aversion’ may be a lower probability course, but it will come with far more severe consequences/opportunity. A clear measure of this skew can be found in volatility measures. Whether equities (VIX), FX, commodities, yields, emerging markets or any other asset class; the associated ‘fear’ measure holds at remarkably low levels. There is already a healthy debate over whether these readings should be taken at face value or as contrarian readings, but we should look more closely at the underlying implications. These readings are universally derived from implied volatility on their respective spot market’s options. This is as much an indication that markets lack protection (a hedge) as they are some signal of imminent volatility forecast. When markets are ill-prepared for heavy moves, the fallout from realizing exactly that can be severe. Chart of VIX Volatility Index and FX Volatility in Blue, Emerging Market Volatility in Green (Daily)
Euro Steady Through ECB Decision, Pound Quiet as Brexit Debated, Dollar Ignores Fed SpeculationLooking out at the regional influences on tap, the Euro carried the most prominent traditional event risk: the European Central Bank (ECB) rate decision. As expected, the world’s second largest central bank held its course unchanged. That should surprise no one considering the group took a hard-easing turn at the last meeting with the introduction of the third TLTRO (targeted long-term refinancing operation) program. While the authorities didn’t change their tack, they did reinforce their voiced concern. President Mario Draghi reiterated a forecast that spelled a skew of downside risks including the threat of poor trade discussions with the United States. The Euro eased modestly on the day, but the devaluation factor for the currency wasn’t influential enough to spur a more systemic retracement of 2017’s ill-gotten gains. Another event in Europe would draw just as much attention: the EU-27 summit. This was a meeting specifically to address the issue of the extension to the Brexit that UK Prime Minister Theresa May requested on behalf of her Parliament and country. The UK now has until October 31st to find a solution, but that additional time won’t make trading the Pound any easier. Trends will remain elusive while the recent swell of volatility will continue to retreat until headlines spur them back to life. Chart of GBPUSD and CBOE's Pound Volatility Index (8-Hour)
While the focus for the Pound this past session was on the EU Summit’s outcome, the Sterling was effectively distracted from the key event risk including February GDP (0.2 versus 0.0% expected), trade balance (-14.11 billion versus -12.85 billion pound deficit) and industrial production (0.6 versus 0.1% expected). Prioritization is an important concept when trading fundamentals and it is essential when approaching the US Dollar. What is motivating the world’s most liquid currency? Fed rate forecasting doesn’t seem to be a very productive charge for the Greenback. This past session, the market’s favorite inflation indicator (CPI) offered a core reading exactly in line with the target of 2.0% and the FOMC minutes issued the same sense of caution with a few members still holding open the door for a hike later in the year. The implications for rate forecasts barely registered according to Fed Funds futures and the Greenback in turn barely moved. It seems the currency’s roll as the most liquid counter currency remains the primary role. That being said, I do not expect the run of Fed speakers on tap will hold a serious influence over the Dollar’s course. Instead, I will keep tabs on the EURUSD, GBPUSD and USDJPY for cues on the Dollar. We discuss all of this and more in today’s Trading Video. Chart of S&P 500 and the Implied Yield from Fed Funds Futures December 2019 (Daily)
If you want to download my Manic-Crisis calendar, you can find the updated file here. 2019-04-11 01:07:00 Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| EUR/USD Extends Bullish Reversal Despite Draghi, AUD/USD May Rise Posted: 10 Apr 2019 05:15 PM PDT Hits: 8 Asia Pacific Market Open Talking Points
Find out what the #1 mistake that traders make is and how you can fix it! FX News WednesdayThe US Dollar traded narrowly lower on Wednesday despite bullish behavior on a couple of important fundamental developments. First, the Greenback rallied as ECB's President Mario Draghi sunk EUR/USD in the aftermath of the central bank's interest rate announcement. Mr Draghi reiterated that risks to the Euro-Area are still tilted to the downside, as anticipated. His speech largely overshadowed March's US inflation report which was mixed. While core CPI missed expectations (2.0% y/y versus 2.1% estimated), headline CPI unexpectedly soared from 1.5% prior to 1.9%. This was the most aggressive positive change since the end of 2016. In the aftermath of the inflation data and Mario Draghi, USD declined into the FOMC meeting minutes. US CPI Data
Check out the DailyFX Economic Calendar for critical currency event risk! The statement noted that Fed officials generally saw that a patient approach was appropriate. That may have disappointed some doves with Fed funds futures pricing in a greater than 50% chance of a cut by year-end. DXY rose on the release on the chart below. A similar reaction was witnessed from AUD/USD over the past 24 hours. It climbed after RBA Deputy Governor Guy Debelle hinted that a wait-and-see approach for interest rates seemed like the appropriate path. US Dollar Climbs on Draghi, FOMC Minutes
Chart Created in TradingView EUR/USD Technical AnalysisDespite its decline on Draghi's speech, EUR/USD extended its climb by the end of the day as it is now on its best winning streak since the middle of March. This followed the emergence of a Morning Star candlestick pattern and positive RSI divergence, both typically bullish price signals. As such, we may see a test of resistance next around 1.13022, guided by a rising support line from the bottom in early April. EUR/USD Daily Chart
Chart Created in TradingView Thursday's Asia Pacific Trading SessionThe S&P 500 closed to the upside on Wednesday, but it wasn't enough to overcome a bearish reversal signal. Associated futures are pointing cautiously higher, indicating that there may be upside progress to have in equities during the Asia trading session. This may sink the anti-risk Japanese Yen. Meanwhile, the Australian Dollar eyes upcoming Chinese inflation data. According to the Citi Surprise Index, data out of the world's second-largest economy has been tending to outperform as of late, opening the door to an upside surprise. If this is the case, AUD/USD may find support given that China is Australia's largest trading partner, implying upside knock-on effects, especially against the New Zealand Dollar. Chinese CPI Data
** All times listed in GMT. See the full economic calendar here FX Trading Resources— Written by Daniel Dubrovsky, Junior Currency Analyst for DailyFX.com To contact Daniel, use the comments section below or @ddubrovskyFX on Twitter
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| IMF Strikes Cautionary Tone in Latest Global Financial Stability Report Posted: 10 Apr 2019 04:04 PM PDT Hits: 9 IMF GLOBAL FINANCIAL STABILITY REPORT – TALKING POINTS
The International Monetary Fund has released its April 2019 Global Financial Stability Report (GFSR) which timidly assessed major threats currently faced by the global financial system. According to the latest GFSR, financial conditions generally remain accommodative across developed and developing nations but have tightened noticeably since October 2018 when the prior GFSR was published. Due to persistent accommodative financial conditions, systemic weakness has grown more pronounced. As such, the GFSR warns about elevated risks over the medium-term posed by record-high levels of corporate debt, Eurozone woes, volatile portfolio flows, and lofty real estate prices. IMF GLOBAL FINANCIAL CONDITIONS PRICE CHART: QUARTERLY TIME FRAME (JANUARY 2012 TO MARCH 2019)
Source: International Monetary Fund's April 2019 Global Financial Stability Report It is evident that financial conditions have become increasingly tighter since late-2017 despite easing somewhat last quarter subsequent to the sharp contraction experienced at the end of 2018. According to the GFSR, a backdrop of rising downside risks could cause financial conditions to contract sharply and abruptly. Highlighted as potential triggers included violent repricing of risks, escalation of trade tensions, further deterioration of global growth as well as possible political shocks. Considering the acute rebound in risk assets after the widespread selloff that plagued markets over the fourth quarter last year, the IMF cautioned against the risk of recent positive investor sentiment suddenly deteriorating which would likely lead to financial conditions tightening precipitously. The GFSR listed an unexpected shift towards less-dovish monetary policy, worsening economic growth and political risks as prospective causes for the next downturn in sentiment and financial conditions. If any of these potential catalysts materialize and consequently spark a tightening of financial conditions, a significant downturn could ensue and snowball into a much larger issue. Complacency appears to have cultivated now considering that risk assets like stocks are within a couple of percentage points of their all-time highs despite growing signs of a deteriorating fundamental picture. Instead of pricing in these prevalent downside risks, equity markets look to have blindly rallied on the dovish shift by central bankers towards more accommodative monetary policy. On a brighter note, however, the GFSR noted that if recent tariff hikes are scaled back and trade tensions deescalate, business confidence could rebound and lift economic growth. Moreover, prudent fiscal policy, proper regulation and defusing political pressures were also listed as possible solutions to reduce the aforementioned risks to financial stability. TRADING RESOURCESWhether you are a new or experienced trader, DailyFX has multiple resources available to help you: an indicator for monitoring trader sentiment; quarterly trading forecasts; analytical and educational webinars held daily; trading guides to help you improve trading performance, and even one for those who are new to FX trading. – Written by Rich Dvorak, Junior Analyst for DailyFX – Follow @RichDvorakFX on Twitter
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| A Black Hole Around Fed Minutes Posted: 10 Apr 2019 02:01 PM PDT Hits: 5 S&P 500 Trading Volume Talking Points:S&P 500 Trading Volume: A Black Hole Around Fed MinutesS&P 500 trading volume slipped into a black hole ahead of Wednesday's FOMC meeting minutes as traders saw little cause to weather the event risk. April alone has delivered 5 of the index's 6 lowest volume trading sessions, and volume's moving average has slipped to its lowest level since late September 2018. S&P 500 Price Chart: Daily Time Frame (September 2018 – April 2019) (Chart 1)
Similarly, the index's average true range has fallen alongside volume. That said, traders are oft reluctant to risk exposure during Fed meetings. In the following days of an event, average volume is frequently heightened, and the highs are astronomical – suggesting traders are coping with a notably revised policy outlook. S&P Trading Volume and the Fed (Chart 2)
Data compiled from Bloomberg Despite Thursday's sparse economic calendar, volume should pick up – albeit not to the same degree given the uneventful minutes release. With event risk in the rear-view, traders can look to the future and position for earnings season and the implications from an announcement from US Treasury Secretary Steven Mnuchin on trade war progress. S&P 500 Price Chart: 1 – Hour Time Frame (March 24 – April 10) (Chart 3)
As for the technical perspective of the index, it trades narrowly beneath trendline resistance from late December. Although the line has been subject to breaks, it continues to influence price action. Conversely, the S&P 500 has horizontal trendline support from the high of February 2018 beneath it at 2875. With earnings on the horizon, IG clients have only increased their short exposure.
Retail trader data shows 24.8% of traders are net-long with the ratio of traders short to long at 3.04 to 1. Since we typically take a contrarian view to crowd sentiment, the fact that retail traders are overwhelmingly short suggests the S&P 500 may continue its recent trend. –Written by Peter Hanks, Junior Analyst for DailyFX.com Contact and follow Peter on Twitter @PeterHanksFX Read more: Tech Sector: Highest Ratio to the S&P 500 Since Dot-Com Bubble DailyFX forecasts on a variety of currencies such as the US Dollar or the Euro are available from the DailyFX Trading Guides page. If you're looking to improve your trading approach, check out Traits of Successful Traders. And if you're looking for an introductory primer to the Forex market, check out our New to FX Guide.
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 | ||||||||||||||||||||
| Traders Increase Their Net-Short Positions Posted: 10 Apr 2019 01:25 PM PDT Hits: 5  64.3% OF TRADERS ARE NET-LONGEURUSD: Retail trader data shows 64.3% of traders are net-long with the ratio of traders long to short at 1.8 to 1. In fact, traders have remained net-long since Mar 26 when EURUSD traded near 1.1315; price has moved 0.4% lower since then. The number of traders net-long is 9.4% lower than yesterday and 13.5% lower from last week, while the number of traders net-short is 12.0% lower than yesterday and 13.5% higher from last week. To gain more insight in how we use sentiment to supplement a strategy, join us for one of our weekly webinars on how to “Identify Trends with Sentiment”: (click on one of the above times to enroll) EURUSD PROMPTS A BEARISH TRADING BIASWe typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EURUSD prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EURUSD-bearish contrarian trading bias. — Written by Nancy Pakbaz, CFA, DailyFX Research Follow Nancy on Twitter @NancyPakbazFX
Can you get luxurious from fx trading? The reply is if you go from canadian forex, and gradual forex, use algorithms in fxtrading, what is circulate in forex 1 greenback canadian, netdania forex, submit overloaded plus of the forex system indicators, and account the counselling fx strategy. We present win win all.
 |
| You are subscribed to email updates from Analyst Articles – Forex News 24. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment