#WaveAnalysis
#EURCAD is expected to fall toward the next support level 1,4550
https://fxpro.news/market-snapshots/eurcad-wave-analysis-20-november-2019-20191120/
#EURCAD is expected to fall toward the next support level 1,4550
https://fxpro.news/market-snapshots/eurcad-wave-analysis-20-november-2019-20191120/
FX: The dollar index changed only slightly over the last 24h, remained at 97.8. Commodities CAD and AUD, as well as Chinese CNH, are losing ground following concerns over progress in US-China trade negotiations. EURUSD almost unchanged at 1.1070. GBPUSD reversed on Wednesday evening, risen to 1.2930.
Stocks: Futures for S&P500 closed Wednesday with a decline, increased the pullback from peak levels to 1%. Chinese China A50 loses 1%. MSCI World loses 0.5% per day. The VIX volatility index fell slightly from 12.9 to 12.8.
Commodities: Brent turned to growth at the end of the day Wednesday, trading at $ 61.5 (+ $ 1.5). Gold retains a slight upward bias, but $ 5 below the level of 24h ago at $1472.
Crypto: Bitcoin decline trend is developing. The course came close to $ 8000, down 12 of the last 13 sessions. Top 10 altcoins in the red zone, varying from -6.8% (BNB) to -1.1% (BCH).
Stocks: Futures for S&P500 closed Wednesday with a decline, increased the pullback from peak levels to 1%. Chinese China A50 loses 1%. MSCI World loses 0.5% per day. The VIX volatility index fell slightly from 12.9 to 12.8.
Commodities: Brent turned to growth at the end of the day Wednesday, trading at $ 61.5 (+ $ 1.5). Gold retains a slight upward bias, but $ 5 below the level of 24h ago at $1472.
Crypto: Bitcoin decline trend is developing. The course came close to $ 8000, down 12 of the last 13 sessions. Top 10 altcoins in the red zone, varying from -6.8% (BNB) to -1.1% (BCH).
Important upcoming events (GMT):
12:30 🇪🇺 EUR [**] ECB Monetary Policy Meeting Accounts
13:30 🇺🇸 USD [**] Philly Fed Manufacturing Index
15:00 🇺🇸 USD [**] US Existing Home Sales
Detailed economic calendar
12:30 🇪🇺 EUR [**] ECB Monetary Policy Meeting Accounts
13:30 🇺🇸 USD [**] Philly Fed Manufacturing Index
15:00 🇺🇸 USD [**] US Existing Home Sales
Detailed economic calendar
USD grew and markets reversed down on new trade deal pessimism
The situation around the trade continues to get more complicated. US lawmakers passed two bills in support of protesters in Hong Kong. Markets have taken this information negatively as China is almost sure to saw it as interference in its domestic affairs.
Right now, the Fed convinced markets that it is taking a long pause in rate adjustments, predicting that the current levels will remain unchanged until the end of 2020. If we see the ECB, Bank of Japan or other large central banks willing to strengthen their easing, it may cause increased demand for the dollar.
https://fxpro.news/daily-forex-outlook/usd-grew-and-markets-reversed-down-on-new-trade-deal-pessimism-20191121/
The situation around the trade continues to get more complicated. US lawmakers passed two bills in support of protesters in Hong Kong. Markets have taken this information negatively as China is almost sure to saw it as interference in its domestic affairs.
Right now, the Fed convinced markets that it is taking a long pause in rate adjustments, predicting that the current levels will remain unchanged until the end of 2020. If we see the ECB, Bank of Japan or other large central banks willing to strengthen their easing, it may cause increased demand for the dollar.
https://fxpro.news/daily-forex-outlook/usd-grew-and-markets-reversed-down-on-new-trade-deal-pessimism-20191121/
Bit-comment: Bitcoin dipped under 8K
Bitcoin has sagged more than 2% in the last 24 hours and sank under $8K and major signal line MA200. Throughout the day, the price dynamics of Bitcoin was plenty diverse and sharp.
Despite all the obvious drama of the struggle, the trading volume remained almost unchanged at around $20 billion. Apparently, neither sellers nor buyers are not sure about the future prospects of the coin, so they froze in indecision.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-dipped-under-8k-20191121/
Bitcoin has sagged more than 2% in the last 24 hours and sank under $8K and major signal line MA200. Throughout the day, the price dynamics of Bitcoin was plenty diverse and sharp.
Despite all the obvious drama of the struggle, the trading volume remained almost unchanged at around $20 billion. Apparently, neither sellers nor buyers are not sure about the future prospects of the coin, so they froze in indecision.
https://fxpro.news/analysis-and-insight/bit-comment-bitcoin-dipped-under-8k-20191121/
Forex: The dollar index little changed for the day. EURUSD stood near 1.1070 before European opening. GBPUSD pushed lower after another attempt to growth.
Stocks: S&P500 managed to turn to growth at the end of the day on Thursday, developing growth on Friday morning. Despite this, China A50 loses 1%. MSCI World adds 0.2% per day. The VIX volatility index has grown slightly from 12.8 to 13.13.
Commodities: Brent touched $ 63.0 (+ $ 1.5) on reports OPEC+ ready to extend quotas. Gold loses $ 2 to levels 24h ago, to 1470, but gained after the drop to $1463 the day before.
Crypto: Bitcoin's downtrend intensified on Thursday. The course loses 6.5% per day to $ 7500, down 13 of the last 14 sessions. Top 10 altcoins in the red zone, varying from -11% (EOS) to -3% (XRP).
Stocks: S&P500 managed to turn to growth at the end of the day on Thursday, developing growth on Friday morning. Despite this, China A50 loses 1%. MSCI World adds 0.2% per day. The VIX volatility index has grown slightly from 12.8 to 13.13.
Commodities: Brent touched $ 63.0 (+ $ 1.5) on reports OPEC+ ready to extend quotas. Gold loses $ 2 to levels 24h ago, to 1470, but gained after the drop to $1463 the day before.
Crypto: Bitcoin's downtrend intensified on Thursday. The course loses 6.5% per day to $ 7500, down 13 of the last 14 sessions. Top 10 altcoins in the red zone, varying from -11% (EOS) to -3% (XRP).
Important upcoming events (GMT):
13:30 🇨🇦 CAD [***] Ca Retail Sales
15:00 🇺🇸 USD [**] US UoM Consumer Sentiment
18:00 🛢WTI [**] Baker Hughes U.S. Rig Count
Detailed economic calendar
13:30 🇨🇦 CAD [***] Ca Retail Sales
15:00 🇺🇸 USD [**] US UoM Consumer Sentiment
18:00 🛢WTI [**] Baker Hughes U.S. Rig Count
Detailed economic calendar
Pump of monetary easing vs Draining markets
There is no doubt that markets would feel worse if a continually operating monetary easing pump did not fill the liquidity pool. A good example was the ‘repo-gate’ in September when short-term lending rates jumped fourfold, and the Fed made temporary liquidity injection measures permanent.
The Fed is still very good at copying the tactics it used in the early 2000s. Greenspan struggled with declined production and investments, and the side effect was an unprecedented boom in housing lending, which eventually led to economic collapse.
https://fxpro.news/daily-forex-outlook/pump-of-monetary-easing-vs-draining-markets-20191122/
There is no doubt that markets would feel worse if a continually operating monetary easing pump did not fill the liquidity pool. A good example was the ‘repo-gate’ in September when short-term lending rates jumped fourfold, and the Fed made temporary liquidity injection measures permanent.
The Fed is still very good at copying the tactics it used in the early 2000s. Greenspan struggled with declined production and investments, and the side effect was an unprecedented boom in housing lending, which eventually led to economic collapse.
https://fxpro.news/daily-forex-outlook/pump-of-monetary-easing-vs-draining-markets-20191122/
Bitcoin: the motion is life
Bitcoin dipped under levels from where cryptocurrency flew on so-called Chinese FOMO.
The decline below the 200-day moving average opens the way to $5K, where the previous consolidation area is located. The crypto community suggests that the fall may be due to the capitulation of the miners, which is considered an extremely bearish signal for the benchmark coin.
https://fxpro.news/analysis-and-insight/bitcoin-the-motion-is-life-20191122/
Bitcoin dipped under levels from where cryptocurrency flew on so-called Chinese FOMO.
The decline below the 200-day moving average opens the way to $5K, where the previous consolidation area is located. The crypto community suggests that the fall may be due to the capitulation of the miners, which is considered an extremely bearish signal for the benchmark coin.
https://fxpro.news/analysis-and-insight/bitcoin-the-motion-is-life-20191122/
#WaveAnalysis
AT&T (#T) is expected to rise further toward the next resistance level 38,50
https://fxpro.news/market-snapshots/att-wave-analysis-22-november-2019-20191122/
AT&T (#T) is expected to rise further toward the next resistance level 38,50
https://fxpro.news/market-snapshots/att-wave-analysis-22-november-2019-20191122/
#WaveAnalysis
#WTI is expected to rise further toward the next pivotal resistance level 61.33
https://fxpro.news/market-snapshots/wtiusd-wave-analysis-22-november-2019-20191122/
#WTI is expected to rise further toward the next pivotal resistance level 61.33
https://fxpro.news/market-snapshots/wtiusd-wave-analysis-22-november-2019-20191122/
US economy ignores the trade wars, helping USD
Stock markets are moving cautiously upwards, while volatility continues to contract, which could be taken as an early signal for a possible future explosion of market volatility.
On Friday, we saw a stark contrast between Europe and the US, according to the business activity indices.
The data show how responsive the US economy is to monetary stimulus, while in Europe, we are witnessing developing economic stagnation. This responsiveness of the US economy to a stimulus also allows stock markets to grow.
https://fxpro.news/daily-economic-events/us-economy-ignores-the-trade-wars-helping-usd-20191125/
Stock markets are moving cautiously upwards, while volatility continues to contract, which could be taken as an early signal for a possible future explosion of market volatility.
On Friday, we saw a stark contrast between Europe and the US, according to the business activity indices.
The data show how responsive the US economy is to monetary stimulus, while in Europe, we are witnessing developing economic stagnation. This responsiveness of the US economy to a stimulus also allows stock markets to grow.
https://fxpro.news/daily-economic-events/us-economy-ignores-the-trade-wars-helping-usd-20191125/
EURUSD is at 1.100 now. In your opinion, by the end of the year, this pair will be...
Anonymous Poll
57%
higher
43%
lower
Forex: The dollar index develops growth after rising on Friday, trading at 98.2 EURUSD fell to near 1.1000. GBPUSD close to 1.2870, adding 0.3% after 0.5% drop on Friday. The dollar is adding on the background of strong US macro data.
Stocks: S&P500 opened the week with growth. European EuroStoxx 50 adds 0.3%, returning to the area of 4-year peaks. MSCI World is added 0.2% since Friday. The VIX volatility index fell from 13.13 to 12.45.
Commodities: Brent declined to $ 62.3 after touching $ 63.0 late last week. Gold fell to $ 1,457 - close to monthly lows.
Crypto: Bitcoin fell on Monday morning to 6500, but after that it shows a reversal attempt, climbing above 7000. Top-10 altcoins in the red zone, changing from -5.3% (BNB) to + 0.6% (BSV).
Stocks: S&P500 opened the week with growth. European EuroStoxx 50 adds 0.3%, returning to the area of 4-year peaks. MSCI World is added 0.2% since Friday. The VIX volatility index fell from 13.13 to 12.45.
Commodities: Brent declined to $ 62.3 after touching $ 63.0 late last week. Gold fell to $ 1,457 - close to monthly lows.
Crypto: Bitcoin fell on Monday morning to 6500, but after that it shows a reversal attempt, climbing above 7000. Top-10 altcoins in the red zone, changing from -5.3% (BNB) to + 0.6% (BSV).
Crypto-winter is coming. Again
In just four days, Bitcoin lost $1,300 or 16% in price and touched 6500 at one point this morning. The total capitalization of the crypto market for the same period dropped by $37 billion.
A sharp drop below $7K opens the door for testing new lows closer to the lower boundary of $6K. The index of greed and fear turned out to be in the “Extreme Fear” mode at the level of 17, which indicates the panic moods among market participants.
https://fxpro.news/analysis-and-insight/crypto-winter-is-coming-again-20191125/
In just four days, Bitcoin lost $1,300 or 16% in price and touched 6500 at one point this morning. The total capitalization of the crypto market for the same period dropped by $37 billion.
A sharp drop below $7K opens the door for testing new lows closer to the lower boundary of $6K. The index of greed and fear turned out to be in the “Extreme Fear” mode at the level of 17, which indicates the panic moods among market participants.
https://fxpro.news/analysis-and-insight/crypto-winter-is-coming-again-20191125/
#WaveAnalysis
#Citibank is expected to rise further in the active impulse wave 3 toward the next resistance level 76.00
https://fxpro.news/market-snapshots/citibank-wave-analysis-25-november-2019-20191125/
#Citibank is expected to rise further in the active impulse wave 3 toward the next resistance level 76.00
https://fxpro.news/market-snapshots/citibank-wave-analysis-25-november-2019-20191125/
#WaveAnalysis
#GBPJPY is expected to rise further toward the next pivotal resistance level 142.00
https://fxpro.news/market-snapshots/gbpjpy-wave-analysis-25-november-2019-20191125/
#GBPJPY is expected to rise further toward the next pivotal resistance level 142.00
https://fxpro.news/market-snapshots/gbpjpy-wave-analysis-25-november-2019-20191125/
Important upcoming events (GMT):
09:05 🇵🇳 AUD [***] RBA Governor Philip Lowe Speaks
13:30 🇺🇸 USD [**] US Goods Trade Balance
15:00 🇺🇸 USD [***] US CB Consumer Confidence
Detailed economic calendar
09:05 🇵🇳 AUD [***] RBA Governor Philip Lowe Speaks
13:30 🇺🇸 USD [**] US Goods Trade Balance
15:00 🇺🇸 USD [***] US CB Consumer Confidence
Detailed economic calendar
Currency and stock volatility update lows. Is the reversal close?
It is easy to describe this market situation as complete lull, as both intraday trading ranges and expected volatility are decreasing. The VIX index – the index of the implied volatility of the S&P500 declined on Tuesday below 12.0 – the lowest since October 2018. Immediately after touching the local lows at 11.3 for VIX, the S&P500 turned down, losing more than 20% during the next 60 trading sessions.
There is a quite similar situation on the currency market where EURUSD volatility fell to 5-year lows. Many experienced currency market traders remember that alarming calm among the major currency pairs in early 2014th. After the calm EURUSD saw a continuous and robust trend, weakened by 22% from August 2014 to March 2015.
But one should note that the decrease in volatility is only a sign of calming the markets, not their reversal.
https://fxpro.news/daily-forex-outlook/currency-and-stock-volatility-update-lows-is-the-reversal-close-20191126/
It is easy to describe this market situation as complete lull, as both intraday trading ranges and expected volatility are decreasing. The VIX index – the index of the implied volatility of the S&P500 declined on Tuesday below 12.0 – the lowest since October 2018. Immediately after touching the local lows at 11.3 for VIX, the S&P500 turned down, losing more than 20% during the next 60 trading sessions.
There is a quite similar situation on the currency market where EURUSD volatility fell to 5-year lows. Many experienced currency market traders remember that alarming calm among the major currency pairs in early 2014th. After the calm EURUSD saw a continuous and robust trend, weakened by 22% from August 2014 to March 2015.
But one should note that the decrease in volatility is only a sign of calming the markets, not their reversal.
https://fxpro.news/daily-forex-outlook/currency-and-stock-volatility-update-lows-is-the-reversal-close-20191126/
#WaveAnalysis
#Alibaba is expected to rise further toward the next resistance level 195.00
https://fxpro.news/market-snapshots/alibaba-wave-analysis-26-november-2019-20191126/
#Alibaba is expected to rise further toward the next resistance level 195.00
https://fxpro.news/market-snapshots/alibaba-wave-analysis-26-november-2019-20191126/
#WaveAnalysis
#GBPAUD is expected to fall further toward the next support level 1.8900
https://fxpro.news/market-snapshots/gbpaud-wave-analysis-26-november-2019-20191126/
#GBPAUD is expected to fall further toward the next support level 1.8900
https://fxpro.news/market-snapshots/gbpaud-wave-analysis-26-november-2019-20191126/