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.

Okay. This is an SR Pattern and an inverse head over shoulders. Price seems to have lost bullish momentum. Let's get in on a small lot size just to be safe.

SIGNAL 📶: SELL EURAUD

ENTRY: 1.6370 & 1.6380

SL: 1.6420 (50 PIPS)

TP 1: 1.6330 (40 PIPS)

TP 2: 1.6270 (100 PIPS)

TP 3: 1.6230 (140 PIPS)

RISK REWARD RATIO = 1 : 2.55

You can get in at 1.6370 and place a SELL LIMIT at 1.6380.
All using a micro lot size.
Please do not open multiple positions. Let's just have this two for now.

Some of us held this through the losses and little profits since last week. And it finally paid. Let's close here. 120+ PIPS from two trades.

Good work traders 💰💰.

Sell gold now

TP: open

SL: 1591

There are always losses in this game. I made quite a lot today simply because I forgot there was GBP major news today. Lost about $300 in management accounts. Still trying to get back from this.
It's so excruciating because I knew what would happen and I was trying to short out some pairs.

This is a lesson and motivation to all.
The market always wins.
I'm staying a bit out to get myself back. I hope tomorrow gets better.

😩😩😩😩🥺🥺🥺🥺🥺