"3 Questions For The Fed"

http://www.investing.com/analysis/3-questions-for-the-fed-200502369

SIGNAL 📶: SELL EURCAD

ENTRY: 1.4496

SL: 1.4620

TP 1: 1.4476 (20 PIPS)

TP 2: 1.4446 (50 PIPS)

TP 3: 1.4396 (100 PIPS)

SIGNAL 📶: BUY AUDUSD

ENTRY: 0.6747

SL: 0.6710 (37 PIPS)

TP 1: 0.6777 (30 PIPS)

TP 2: 0.6817 (70 PIPS)

TP 3: 0.68789 (131 PIPS)

EURO Analysis 🇪🇺 - 29th January 2020

The Euro remains weak overall as the outlook for growth in Europe remains sluggish and a low interest rate environment in europe maintains the Euro as a funding currency.

Inflationary Score 24 out of 160

Currency Outlook - Low Demand

Interest Rate Policy - Accommodative

TRADE UPDATE
Bullish start to the London Session, GBPAUD gaining strength.
Not kicked out and price is about 55 pips away from entry right now. Should we get kicked out, we will wait for another rejection and simply re-enter.

What is Brexit?

Brexit is Britain's withdrawal from the European Union. Thus far, the process has lasted 3.5 years.

The Parliament and the Queen have already ratified the decision. The last remaining unknown is to understand how it will impact relations with the rest of Europe.

29 – 30 January, the European Parliament will discuss the arrangements of the withdrawal agreement.

What are the possible outcomes?

The European Parliament votes for the agreement with the UK. Great Britain exits the EU in 2020 and preserves its membership in the EUCU (the European Union Customs Union) and the ESM (the European Single Market) during the transition phase.

GBPUSD: the GBP interest rate will preserve the same level or even be lowered.

 

The European Parliament votes against the agreement with the UK. Great Britain most likely exits the EU without an agreement. Trading relations will become subject to WTO regulations; economic and social problems can escalate; Great Britain will lose the status of a financial centre.

GBPUSD: the quotes will go down and the GBP interest rate will most likely go up.

How does it affect Forex?

High volatility, strong movement 29 through 31 January on GBPUSD, EURUSD and all currency pairs including GBP (especially EURGBP).

If the European Parliament signs the agreement, volatility is likely to subside, and GBPUSD will probably stay in flat.

If the European Parliament doesn't sign the agreement, GBPUSD goes down to 1.25 or lower. EURUSD may go down to 1.10 or even 1.08.

#copied

We're back at ENTRY point. What a crazy week.
But the price obeyed the resistance level so we can get back in.

💰💰

Account type = Dollar ($)
Interest/Profit = $126.25
Account growth = 118.12%
Daily profit = $63.17
Daily interest rate = 59%
Number of trades = 101
Canceled = 1
Filled = 100
Account Duration = 27th January - 28th January

Even in a crazy week 💰💰

Caution: Don't try this at home!😂
THIS IS MAINLY FOR MOTIVATIONAL PURPOSES 🎯

Thirty minutes to the US MOM December sales

🇺🇲 Absolutely shocking housing sales data out of the US shaking market up now.
US lending home sales fell 4.9% vs estimated of 0.5% gain

"3 Stocks Gaining Momentum As Virus Fears Escalate"

http://www.investing.com/analysis/3-stocks-gaining-momentum-as-virus-fears-escalate-200502496

About 20 minutes to USA FOMC news 🎯

"The Coronavirus Impact On USD/CNH"

http://www.investing.com/analysis/the-coronavirus-impact-on-usdcnh-200502834

"Fed Keeps Rates Steady as Sluggish Inflation Continues"

https://www.investing.com/news/economic-indicators/fed-keeps-rates-steady-as-sluggish-inflation-continues-2070891

Take a look at "Stinu"
https://play.google.com/store/apps/details?id=com.blacktowerinvestments.stinu

People have been messaging asking how to work out lot size per trade. I use the above app it's free and easy to use. We personally risk 2% of account on each trade. Thanks..

Still on EURAUD. Looking quite easy. Maybe a head over shoulders too. We just need more confirmations before getting into this trade. I think price might touch 0.63640 before dipping down. Keeping a close eye on it.

Wait for my call 💰

Price has been obeying these major liquidity points... We are back to entry but I'm hopeful that this would still get bearish soon.

🇺🇲FOMC🇺🇲
To update you all on what happened with the FOMC last night, the Fed Leaves Rates Unch, Extends Repo Bailout Facility and Downgrades Consumer Health.

Here are Bloomberg's key takeaways from today's FOMC decision:
• For the second straight meeting, the Fed left the federal funds target range unchanged at 1.5%-1.75%, as expected, following last year’s three quarter-point cuts; the FOMC repeated language that rates are currently “appropriate” to support growth, jobs and inflation.
• The Fed raised a secondary interest rate, covering banks’ excess reserves, by 5 basis points to 1.6% in what officials will likely characterize as a technical adjustment to maintain control of the benchmark federal funds rate. A related tool, the rate on overnight reverse repos, also rose by 5 basis points, to 1.5%. The central bank had previously telegraphed in meeting minutes that it might make such moves.
• In another move telegraphed earlier this month, the central bank extended its plan to address strains in money markets, saying it will inject funds through repo operations at least through April, compared with January previously. That will help cover any additional volatility during the U.S. tax-filing season, when payments would reduce reserve levels.
• The Fed reiterated its plan to buy Treasury bills at least into the second quarter.
• While most language on the economy was unchanged, the Fed downgraded household spending, saying it has been rising at a “moderate pace,” ahead of GDP data expected to show consumption cooled in the fourth quarter. The December statement had referred to a “strong pace” of spending gains.
• The unanimous decision reflected support from the four regional Fed presidents who rotated into voting slots this month, including Minneapolis’s Neel Kashkari, Dallas’s Robert Kaplan, Patrick Harker of Philadelphia and Loretta Mester of Cleveland.

The full FOMC statement for January 2020 can be found here.

https://www.reuters.com/article/us-usa-fed-text/fomc-statement-from-january-28-29-meeting-idUSKBN1ZS2S0?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

"What Does The Gold Market Know That The Rest Of Us Don't?"

http://www.investing.com/analysis/what-does-the-gold-market-know-that-the-rest-of-us-dont-200502948

🇨🇳Corona Virus

1. Death Toll 170
2. 7,711 Confirmed Cases
3. Virus spread Across 16 Countries

Oil Analysis 🛢

Oil Prices continue to slide as China virus outbreak reaches 7,711 cases, with the death toll reaching 170 people.

Oil demand fears continues to weigh on Crude Oil prices as China is the worlds biggest Oil importer. The virus outbreak has now reached every region of mainland China and with central authorities locking down towns and cities to contain the spread of the virus, Oil imports will drastically decrease.

Unless Oil producing countries globally can cut production to balance supply and demand, Oil prices will continue to fall as analyst suggest prices may reach $50 per barrel.

Oil is currently trading at $59 per barrel.

Commodity currencies Canadian Dollar, Norwegian Kroner, Russian Ruble and Brazilian Real continue to weaken as Oil prices slide.