Monitoring EURAUD and EURUSD for Sells. I'll keep everyone updated.
U.S Dollar Analysis 🇺🇸
At Present, the U.S Dollar is primarily driven by the FED’s monetary policy outlook and growing concerns over the coronavirus.
For the first time since 2008, the FOMC announced an emergency rate cut on march 3rd, slashing rates by 0.50% to 1.00% to 1.25%.
A further rate cut of 0.25% is being priced in for march 18th 2020.
With Rate cuts expected, we should see further weakness in the dollar.
At Present, the U.S Dollar is primarily driven by the FED’s monetary policy outlook and growing concerns over the coronavirus.
For the first time since 2008, the FOMC announced an emergency rate cut on march 3rd, slashing rates by 0.50% to 1.00% to 1.25%.
A further rate cut of 0.25% is being priced in for march 18th 2020.
With Rate cuts expected, we should see further weakness in the dollar.
I want to sell USDCAD again. Just like we did before the FOMC meeting. Some huge volatility will come later during the NFP. So let's get in now and secure our profits once it reaches 20+ PIPS. We'll scalp this trade during NFP if price comes back to entry. If it doesn't then it'll be a free trail for the weekend.
SIGNAL 📶: USDCAD SELL
ENTRY: 1.3390
SL: 1.3460 (50 PIPS)
TP 1: 1.3350 (40 PIPS)
TP 2: 1.3310 (80 PIPS)
TP 3: 1.3270 (120 PIPS)
TP 4: 1.3240 (150 PIPS) - This take profit is due to an imbalance from last month so it's likely to take days to reach here.. *intraday trading*
Use proper risk management and make sure to be watching the trade.
ENTRY: 1.3390
SL: 1.3460 (50 PIPS)
TP 1: 1.3350 (40 PIPS)
TP 2: 1.3310 (80 PIPS)
TP 3: 1.3270 (120 PIPS)
TP 4: 1.3240 (150 PIPS) - This take profit is due to an imbalance from last month so it's likely to take days to reach here.. *intraday trading*
Use proper risk management and make sure to be watching the trade.
Everyone
In 1hr, we have NonFarm Payrolls (NFP)
It is a very high impact Economic News which counts the number of new jobs created, in non-farm industry, over the last month. It is seen as a vital sign of the American Economy and will affect the USD. It is by far the biggest news of the Month, every first Fridays of the Month at 08:30hrs Eastern, 13:30hrs UK.
Consensus is expected to be negative and should decrease the USD's value.
Expect a Buystop and Sellstop on GOLD (to cover both ways) Signals will be sent 2 minutes before news (at 02:28hrs GMT, Sharp.) . You have plenty of time to type it.
Let's get it.
In 1hr, we have NonFarm Payrolls (NFP)
It is a very high impact Economic News which counts the number of new jobs created, in non-farm industry, over the last month. It is seen as a vital sign of the American Economy and will affect the USD. It is by far the biggest news of the Month, every first Fridays of the Month at 08:30hrs Eastern, 13:30hrs UK.
Consensus is expected to be negative and should decrease the USD's value.
Expect a Buystop and Sellstop on GOLD (to cover both ways) Signals will be sent 2 minutes before news (at 02:28hrs GMT, Sharp.) . You have plenty of time to type it.
Let's get it.
Stein's Trading & Markets Ltd.
SIGNAL 📶: USDCAD SELL ENTRY: 1.3390 SL: 1.3460 (50 PIPS) TP 1: 1.3350 (40 PIPS) TP 2: 1.3310 (80 PIPS) TP 3: 1.3270 (120 PIPS) TP 4: 1.3240 (150 PIPS) - This take profit is due to an imbalance from last month so it's likely to take days to reach here..…
The NFP is likely to be negative. In that regards, I'd like you to lock your profit immediately the news comes up and trade a BUY. If it is positive then you can get another sell..
🇺🇲NFP results show massive beat in US jobs data... all parts of the report showing a very very strong jobs market
Market not reacting, however let's see how the US session opens.
Market not reacting, however let's see how the US session opens.
Market Wrap 📉
Markets end the week with agressive sell off extended across global stock markets and commodity prices (Oil) as the coronavirus continues to spread outside of China.
Oil prices are pressured lower as demand concerns continue to outweigh supply. OPEC has been unable to get Russia on board to cut Oil supply by 1mln barrels per day, Oil has slumped 7% today as a result!
NOK 🇳🇴 CAD 🇨🇦 RUB🇷🇺
The commodity currencies look set to see further weakness as Oil prices slip lower, as Oil exports contribute to high levels of growth in their export driven open economies.
USD 🇺🇸
The Dollar Looks set to continue to weaken as markets increase bets that the Federal reserve will be forced to lower rates further to fight off the economic impacts of the coronavirus thats causing stock markets to fall lower.
It's an important reminder that stock markets are where the pension wealth of a country is invested, so the central bank must do everything in their power to reduce the impact of the coronavirus on the stock markets depreciation, by lowering interest rates and increasing the money supply to try and create an environment where borrowing is cheap, so spending can increase and help push up market expectations for stronger corporate earnings and higher stock prices that will push up stock markets from the lows created of the past few weeks.
AUD & NZD Dollars 🇦🇺🇬🇸
The Aussie and Kiwi dollar will likely weaken further across the markets as both economies will be hit hard by a global slowdown in trade.
The Aussie dollar is more exposed to any economic slowdown, which is why the NZD/USD currency pair has risen on rate cuts bets by the Federal Reserve, whist the AUD/USD exchange rate has hardly moved, as markets bet on more rate cuts by the Reserve Bank of Australia.
Japanese Yen 🇯🇵
The Japanese Yen will continue to strengthen as long as stock markets and commodity prices continue to fall and markets bet on additional rate cuts by many of the major central banks.
Until stocks push higher, investors will keep cash in Japanese Treasury bonds, as a safe place to invest. Once the fear has subsided, investors will sell off their bond holdings and sell the Yen back into other currencies in order to put cash to work in global stock markets, thats our reversal opportunity to sell the Yen.
Markets end the week with agressive sell off extended across global stock markets and commodity prices (Oil) as the coronavirus continues to spread outside of China.
Oil prices are pressured lower as demand concerns continue to outweigh supply. OPEC has been unable to get Russia on board to cut Oil supply by 1mln barrels per day, Oil has slumped 7% today as a result!
NOK 🇳🇴 CAD 🇨🇦 RUB🇷🇺
The commodity currencies look set to see further weakness as Oil prices slip lower, as Oil exports contribute to high levels of growth in their export driven open economies.
USD 🇺🇸
The Dollar Looks set to continue to weaken as markets increase bets that the Federal reserve will be forced to lower rates further to fight off the economic impacts of the coronavirus thats causing stock markets to fall lower.
It's an important reminder that stock markets are where the pension wealth of a country is invested, so the central bank must do everything in their power to reduce the impact of the coronavirus on the stock markets depreciation, by lowering interest rates and increasing the money supply to try and create an environment where borrowing is cheap, so spending can increase and help push up market expectations for stronger corporate earnings and higher stock prices that will push up stock markets from the lows created of the past few weeks.
AUD & NZD Dollars 🇦🇺🇬🇸
The Aussie and Kiwi dollar will likely weaken further across the markets as both economies will be hit hard by a global slowdown in trade.
The Aussie dollar is more exposed to any economic slowdown, which is why the NZD/USD currency pair has risen on rate cuts bets by the Federal Reserve, whist the AUD/USD exchange rate has hardly moved, as markets bet on more rate cuts by the Reserve Bank of Australia.
Japanese Yen 🇯🇵
The Japanese Yen will continue to strengthen as long as stock markets and commodity prices continue to fall and markets bet on additional rate cuts by many of the major central banks.
Until stocks push higher, investors will keep cash in Japanese Treasury bonds, as a safe place to invest. Once the fear has subsided, investors will sell off their bond holdings and sell the Yen back into other currencies in order to put cash to work in global stock markets, thats our reversal opportunity to sell the Yen.
Friday results on VIP
📉SELL EURAUD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP2 HIT+50 PIPS✅
📉SELL USDSGD TP1 HIT+20 PIPS✅
📉SELL USDSGD TP2 HIT+50 PIPS✅
📈BUY NZDUSD TP2 HIT+50 PIPS✅
📈BUY USDJPY TP1 HIT+20 PIPS✅
📈BUY USDJPY TP2 HIT+50 PIPS✅
📈BUY GBPCHF TP1 HIT+20 PIPS✅
📈BUY GBPCHF TP2 HIT+50 PIPS✅
📉SELL EURCAD TP1 HIT+20 PIPS✅
📉SELL EURCAD TP2 HIT+50 PIPS✅
📉SELL EURNZD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP1 HIT+20 PIPS✅
📉SELL EURNZD TP2 HIT+50 PIPS✅
TOTAL : 490 PIPS ✅✅
You can join VIP clients now
👇👇👇👇👇👇👇👇
✉️For more information please contact admin @nathanstein
📉SELL EURAUD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP2 HIT+50 PIPS✅
📉SELL USDSGD TP1 HIT+20 PIPS✅
📉SELL USDSGD TP2 HIT+50 PIPS✅
📈BUY NZDUSD TP2 HIT+50 PIPS✅
📈BUY USDJPY TP1 HIT+20 PIPS✅
📈BUY USDJPY TP2 HIT+50 PIPS✅
📈BUY GBPCHF TP1 HIT+20 PIPS✅
📈BUY GBPCHF TP2 HIT+50 PIPS✅
📉SELL EURCAD TP1 HIT+20 PIPS✅
📉SELL EURCAD TP2 HIT+50 PIPS✅
📉SELL EURNZD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP1 HIT+20 PIPS✅
📉SELL EURNZD TP2 HIT+50 PIPS✅
TOTAL : 490 PIPS ✅✅
You can join VIP clients now
👇👇👇👇👇👇👇👇
✉️For more information please contact admin @nathanstein
Week results on VIP
Monday 2/3
📉SELL GBPCAD TP3HIT+100 PIPS✅
📉SELL EURCAD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP1 HIT+20 PIPS✅
📈BUY AUDJPY TP1 HIT+20 PIPS✅
📈BUY AUDCHF TP1 HIT+20 PIPS✅
📉SELL EURUSD CLOSED - 55 PIPS🚫
Total: 125 PIPS✅✅
Tuesday 3/3
📉SELL GBPJPY TP1 HIT+20 PIPS✅
📉SELL AUDCAD TP1 HIT+20 PIPS✅
📉SELL GBPJPY TP2 HIT+50 PIPS✅
🆓📈BUY USDJPY CLOSED - 20 PIPS🚫🆓
📉SELL CHFJPY TP1 HIT+20 PIPS✅
📈BUY AUDCHF TP2 HIT+50 PIPS✅
📈BUY AUDUSD TP1 HIT+20 PIPS✅
📈BUY AUDJPY TP2 HIT+50 PIPS✅
📈BUY AUDCAD TP2 HIT+50 PIPS✅
📈BUY AUDUSD TP2 HIT+50 PIPS✅
📈BUY NZDCHF TP1 HIT+20 PIPS✅
📉SELL EURUSD CLOSED - 33 PIPS🚫
📈BUY AUDCAD CLOSED +90 PIPS✅
📉SELL CHFJPY TP2 HIT+50 PIPS✅
📉SELL CHFJPY TP3HIT+100 PIPS✅
TOTAL : 537 PIPS✅✅
Wednesday 4/3
📉SELL GBPJPY TP3HIT+100 PIPS✅
📈BUY EURJPY TP1 HIT+20 PIPS✅
📈BUY AUDCHF TP1 HIT+20 PIPS✅
🆓️📈BUY GBPCAD TP1 HIT+20 PIPS✅🆓️
📉SELL EURGBP TP1 HIT+20 PIPS✅
🆓️📈BUY GBPCAD TP2 HIT+50 PIPS✅🆓️
🆓️📉SELL XAUUSD TP1 HIT+20 PIPS✅🆓️
🆓️📉SELL XAUUSD TP2 HIT+50 PIPS✅🆓️
📈BUY GBPJPY TP1 HIT+20 PIPS✅
📉SELL EURGBP TP2 HIT+50 PIPS✅
📉SELL USDJPY TP1 HIT+20 PIPS✅
🆓️📈BUY GBPCAD TP3HIT+100 PIPS✅🆓️
📈BUY GBPJPY TP2 HIT+50 PIPS✅
TOTAL : 490 PIPS✅✅
Thursday 5/3
📈BUY NZDUSD TP1 HIT+20 PIPS✅
📉SELL USDJPY TP2 HIT+50 PIPS✅
📈BUY GBPJPY TP1 HIT+20 PIPS✅
📈BUY USDCAD TP1 HIT+20 PIPS✅
📉SELL GBPUSD CLOSED - 47 PIPS🚫
📉SELL USDJPY TP3HIT+100 PIPS✅
📈BUY USDCHF CLOSED - 50 PIPS🚫
Total : 113 PIPS✅✅
Friday 6/3
📉SELL EURAUD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP2 HIT+50 PIPS✅
📉SELL USDSGD TP1 HIT+20 PIPS✅
📉SELL USDSGD TP2 HIT+50 PIPS✅
📈BUY NZDUSD TP2 HIT+50 PIPS✅
📈BUY USDJPY TP1 HIT+20 PIPS✅
📈BUY USDJPY TP2 HIT+50 PIPS✅
🆓️📈BUY GBPCHF TP1 HIT+20 PIPS✅🆓️
🆓️📈BUY GBPCHF TP2 HIT+50 PIPS✅🆓️
📉SELL EURCAD TP1 HIT+20 PIPS✅
📉SELL EURCAD TP2 HIT+50 PIPS✅
📉SELL EURNZD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP1 HIT+20 PIPS✅
📉SELL EURNZD TP2 HIT+50 PIPS✅
TOTAL : 490 PIPS ✅✅
TOTAL of the week : 1755 PIPS✅✅
You can join VIP clients now
👇👇👇👇👇👇👇👇
✉️For more information please contact admin @nathanstein
Monday 2/3
📉SELL GBPCAD TP3HIT+100 PIPS✅
📉SELL EURCAD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP1 HIT+20 PIPS✅
📈BUY AUDJPY TP1 HIT+20 PIPS✅
📈BUY AUDCHF TP1 HIT+20 PIPS✅
📉SELL EURUSD CLOSED - 55 PIPS🚫
Total: 125 PIPS✅✅
Tuesday 3/3
📉SELL GBPJPY TP1 HIT+20 PIPS✅
📉SELL AUDCAD TP1 HIT+20 PIPS✅
📉SELL GBPJPY TP2 HIT+50 PIPS✅
🆓📈BUY USDJPY CLOSED - 20 PIPS🚫🆓
📉SELL CHFJPY TP1 HIT+20 PIPS✅
📈BUY AUDCHF TP2 HIT+50 PIPS✅
📈BUY AUDUSD TP1 HIT+20 PIPS✅
📈BUY AUDJPY TP2 HIT+50 PIPS✅
📈BUY AUDCAD TP2 HIT+50 PIPS✅
📈BUY AUDUSD TP2 HIT+50 PIPS✅
📈BUY NZDCHF TP1 HIT+20 PIPS✅
📉SELL EURUSD CLOSED - 33 PIPS🚫
📈BUY AUDCAD CLOSED +90 PIPS✅
📉SELL CHFJPY TP2 HIT+50 PIPS✅
📉SELL CHFJPY TP3HIT+100 PIPS✅
TOTAL : 537 PIPS✅✅
Wednesday 4/3
📉SELL GBPJPY TP3HIT+100 PIPS✅
📈BUY EURJPY TP1 HIT+20 PIPS✅
📈BUY AUDCHF TP1 HIT+20 PIPS✅
🆓️📈BUY GBPCAD TP1 HIT+20 PIPS✅🆓️
📉SELL EURGBP TP1 HIT+20 PIPS✅
🆓️📈BUY GBPCAD TP2 HIT+50 PIPS✅🆓️
🆓️📉SELL XAUUSD TP1 HIT+20 PIPS✅🆓️
🆓️📉SELL XAUUSD TP2 HIT+50 PIPS✅🆓️
📈BUY GBPJPY TP1 HIT+20 PIPS✅
📉SELL EURGBP TP2 HIT+50 PIPS✅
📉SELL USDJPY TP1 HIT+20 PIPS✅
🆓️📈BUY GBPCAD TP3HIT+100 PIPS✅🆓️
📈BUY GBPJPY TP2 HIT+50 PIPS✅
TOTAL : 490 PIPS✅✅
Thursday 5/3
📈BUY NZDUSD TP1 HIT+20 PIPS✅
📉SELL USDJPY TP2 HIT+50 PIPS✅
📈BUY GBPJPY TP1 HIT+20 PIPS✅
📈BUY USDCAD TP1 HIT+20 PIPS✅
📉SELL GBPUSD CLOSED - 47 PIPS🚫
📉SELL USDJPY TP3HIT+100 PIPS✅
📈BUY USDCHF CLOSED - 50 PIPS🚫
Total : 113 PIPS✅✅
Friday 6/3
📉SELL EURAUD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP2 HIT+50 PIPS✅
📉SELL USDSGD TP1 HIT+20 PIPS✅
📉SELL USDSGD TP2 HIT+50 PIPS✅
📈BUY NZDUSD TP2 HIT+50 PIPS✅
📈BUY USDJPY TP1 HIT+20 PIPS✅
📈BUY USDJPY TP2 HIT+50 PIPS✅
🆓️📈BUY GBPCHF TP1 HIT+20 PIPS✅🆓️
🆓️📈BUY GBPCHF TP2 HIT+50 PIPS✅🆓️
📉SELL EURCAD TP1 HIT+20 PIPS✅
📉SELL EURCAD TP2 HIT+50 PIPS✅
📉SELL EURNZD TP1 HIT+20 PIPS✅
📉SELL EURAUD TP1 HIT+20 PIPS✅
📉SELL EURNZD TP2 HIT+50 PIPS✅
TOTAL : 490 PIPS ✅✅
TOTAL of the week : 1755 PIPS✅✅
You can join VIP clients now
👇👇👇👇👇👇👇👇
✉️For more information please contact admin @nathanstein
Forwarded from Stein's Trading & Markets Ltd.
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"Week Ahead: Coronavirus Continues To Plague The Markets"
http://www.investing.com/analysis/week-ahead-coronavirus-continues-to-plague-the-markets-200514295
http://www.investing.com/analysis/week-ahead-coronavirus-continues-to-plague-the-markets-200514295
Investing.com
Week Ahead: Coronavirus Continues To Plague The Markets
Market Overview Analysis by Joe Perry covering: USD/JPY, US Dollar Index Futures, Crude Oil WTI Futures, United States 10-Year. Read Joe Perry's latest article on Investing.com
"U.N. trade body predicts big coronavirus hit to foreign direct investment"
https://www.investing.com/news/economic-indicators/un-trade-body-predicts-big-coronavirus-hit-to-foreign-direct-investment-2104190
https://www.investing.com/news/economic-indicators/un-trade-body-predicts-big-coronavirus-hit-to-foreign-direct-investment-2104190
Investing.com
U.N. trade body predicts big coronavirus hit to foreign direct investment
U.N. trade body predicts big coronavirus hit to foreign direct investment
MARKET EXPECTATIONS...
🎯Gold (XAUUSD) is likely to buy and open with an upside gap following the COVID_19 fears.
🎯USD is also loosing it's strength with the growth of COVID_19 cases in the United States.
🎯JPY pairs will likely gain some more value due to price correlation. But we also know that these are very confusing times so we might not get the correlation as expected. The JPY Q4 should be out by midnight and its expected to be negative.
🎯 CAD caught us by surprise. We've been expecting a SELL for days now but the Canadian banks didn't play as expected with the interest rate cut so we all got caught in a sell trap. Nevertheless, with the expectation of a rate cut by most imvestors.
🎯 EUR has been strong generally. I expect a little retracement or pullback in its major pairs before a clear SELL.
🎯AUD flows with XAUUSD. So we might see a further fall in AUD and rise in XXXAUD the first few days of this week...
Overall wrap-up, I'm ready for this market. Hope you are too!!
🎯Gold (XAUUSD) is likely to buy and open with an upside gap following the COVID_19 fears.
🎯USD is also loosing it's strength with the growth of COVID_19 cases in the United States.
🎯JPY pairs will likely gain some more value due to price correlation. But we also know that these are very confusing times so we might not get the correlation as expected. The JPY Q4 should be out by midnight and its expected to be negative.
🎯 CAD caught us by surprise. We've been expecting a SELL for days now but the Canadian banks didn't play as expected with the interest rate cut so we all got caught in a sell trap. Nevertheless, with the expectation of a rate cut by most imvestors.
🎯 EUR has been strong generally. I expect a little retracement or pullback in its major pairs before a clear SELL.
🎯AUD flows with XAUUSD. So we might see a further fall in AUD and rise in XXXAUD the first few days of this week...
Overall wrap-up, I'm ready for this market. Hope you are too!!