POTENTIAL SIGNAL 📶: BUY XAUUSD
ENTRY: 1700.00
SL: 1680.20
TP 1: 1705.00 (50 PIPS)
TP 2: 1710.00 (100 PIPS)
ENTRY: 1700.00
SL: 1680.20
TP 1: 1705.00 (50 PIPS)
TP 2: 1710.00 (100 PIPS)
SIGNAL 📶: GBPUSD SELL
ENTRY: 1.3070
SL: 1.3150
TP 1: 1.3000 (70 PIPS)
TP 2: 1.2730 (140 PIPS)
TP 3: 1.2670 (210 PIPS)
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ENTRY: 1.3070
SL: 1.3150
TP 1: 1.3000 (70 PIPS)
TP 2: 1.2730 (140 PIPS)
TP 3: 1.2670 (210 PIPS)
▪️Follow Money Management
Market is not stable thats why I am watching to see what happens, might wait for 4h or daily candlestick closure before sending a quality signal.
We'll recover all our losses very soon 👍👍
We'll recover all our losses very soon 👍👍
U.S Dollar Analysis 🇺🇸
At present, the US dollar is primarily being driven by the markets expectation for further interest rate cuts by the federal reserve in response to the outbreak of the Coronavirus in the United States.
Over the weekend New York has declared a state of emergency over the rising toll of confirm cases within the city.
The U.S S&P500 stock market has fallen 12.34% over the past 12 days, as markets fear of the economic impact the outbreak could have on the U.S economy if Central authorities are forced to lockdown many US cities to contain the spread of the virus.
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.
Markets are pricing a 100% probability that the FED will slash interest rates again this month !!
As Long as rates continue to slide lower, the U.S Dollar will weaken as dollars positive overnight carry will diminish!!
Key Data:
Forward Looking Economic indicators will be closely watched by the markets as they predict the direction of GDP growth over the next 12Months!
Key Data points to watch out for:
1. ) ISM Manufacturing & ISM Non Manufacturing data PMI
2. ) Consumer Confidence
3. ) Housing Permits
Possible Sentiment Shifts:
If the coronavirus outbreak can be contained and markets reduce their pricing for rate cuts by the FED, the U.S dollar will likely strengthen as a result.
Keeping an eye on the total number of worldwide cases and fatality deaths will be key to this sentiment shift.
At present, the US dollar is primarily being driven by the markets expectation for further interest rate cuts by the federal reserve in response to the outbreak of the Coronavirus in the United States.
Over the weekend New York has declared a state of emergency over the rising toll of confirm cases within the city.
The U.S S&P500 stock market has fallen 12.34% over the past 12 days, as markets fear of the economic impact the outbreak could have on the U.S economy if Central authorities are forced to lockdown many US cities to contain the spread of the virus.
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.
Markets are pricing a 100% probability that the FED will slash interest rates again this month !!
As Long as rates continue to slide lower, the U.S Dollar will weaken as dollars positive overnight carry will diminish!!
Key Data:
Forward Looking Economic indicators will be closely watched by the markets as they predict the direction of GDP growth over the next 12Months!
Key Data points to watch out for:
1. ) ISM Manufacturing & ISM Non Manufacturing data PMI
2. ) Consumer Confidence
3. ) Housing Permits
Possible Sentiment Shifts:
If the coronavirus outbreak can be contained and markets reduce their pricing for rate cuts by the FED, the U.S dollar will likely strengthen as a result.
Keeping an eye on the total number of worldwide cases and fatality deaths will be key to this sentiment shift.
SIGNAL 📶: EURGBP SELL
ENTRY: 0.8716
SL: 0.8798 (78 PIPS)
TP 1: 0.8616 (100 PIPS)
TP 2: 0.8516 (200 PIPS)
TP 3: 0.8365 (350 PIPS)
ENTRY: 0.8716
SL: 0.8798 (78 PIPS)
TP 1: 0.8616 (100 PIPS)
TP 2: 0.8516 (200 PIPS)
TP 3: 0.8365 (350 PIPS)
Stein's Trading & Markets Ltd.
SIGNAL 📶: EURGBP SELL ENTRY: 0.8716 SL: 0.8798 (78 PIPS) TP 1: 0.8616 (100 PIPS) TP 2: 0.8516 (200 PIPS) TP 3: 0.8365 (350 PIPS)
Watch out for EURGBP. It's trying to create an "M" formation on the 1H chart. The right fall is what we're trading. So keep your eyes fixed to get a perfect sniper.. 🎯
Stein's Trading & Markets Ltd.
SIGNAL 📶: EURGBP SELL ENTRY: 0.8716 SL: 0.8798 (78 PIPS) TP 1: 0.8616 (100 PIPS) TP 2: 0.8516 (200 PIPS) TP 3: 0.8365 (350 PIPS)
Monday's hot here..
EURGBP running about 20+ PIPS ☑️☑️
Lock your profits and let this trail to the end of the week hopefully..
EURGBP running about 20+ PIPS ☑️☑️
Lock your profits and let this trail to the end of the week hopefully..
Everyone around me is selling GOLD. But I'm not into the sells. I'm into the buys. And I have my fingers crossed for the buys...
We're looking at more USD interest rate cut. So let's use a small lot size and have a buy now...
SIGNAL 📶: BUY XAUUSD
ENTRY: 1668.00
SL: 1648.00 (200 PIPS)
TP 1: 1688.00 (200 PIPS)
TP 2: 1718.00 (300 PIPS)
TP 3: 1738.00 (500 PIPS)
We're looking at more USD interest rate cut. So let's use a small lot size and have a buy now...
SIGNAL 📶: BUY XAUUSD
ENTRY: 1668.00
SL: 1648.00 (200 PIPS)
TP 1: 1688.00 (200 PIPS)
TP 2: 1718.00 (300 PIPS)
TP 3: 1738.00 (500 PIPS)
Stein's Trading & Markets Ltd.
Everyone around me is selling GOLD. But I'm not into the sells. I'm into the buys. And I have my fingers crossed for the buys... We're looking at more USD interest rate cut. So let's use a small lot size and have a buy now... SIGNAL 📶: BUY XAUUSD ENTRY:…
Running 100+ PIPS ☑️☑️☑️ on XAUUSD already. My bias is paying off. Let's lock 2% of this trade in profit. And keep out fingers crossed...
🤑🤑🤑🤑
🤑🤑🤑🤑
Stein's Trading & Markets Ltd.
SIGNAL 📶: EURGBP SELL ENTRY: 0.8716 SL: 0.8798 (78 PIPS) TP 1: 0.8616 (100 PIPS) TP 2: 0.8516 (200 PIPS) TP 3: 0.8365 (350 PIPS)
EURGBP has played perfectly well for scalping.. we've been getting back to entry and I like that we're able to catch it each time it falls...
🤑🤑🤑🤑
🤑🤑🤑🤑
The Corona Virus is causing huge moves in the currency market. Here's how to trade it...
Traders are going long JPY and CHF.
This is because company earnings across the world are going to be even more deeply affected than originally anticipated.
Expectations of employees not going to work, production lines stopping, airlines losing routes, luxury good sales plummeting, and large public gatherings reducing or halting altogether has resulted in large sell offs in global equity markets.
So, what will cause traders to stop buying JPY and CHF?
The simple answer is any news that suggests the initial fears over coronavirus have been exaggerated.
For example, if we have an early plateau in the number of new coronavirus cases.
If the coronavirus shows signs of being contained we can expect USDJPY and USDCHF buyers at market and pullbacks as the JPY and CHF long positions are unwound and the chances of a further Fed rate cut on March 18 are reduced.
Here's something else you should be watching out for...
Any declaration from the World Health Organisation’s Director General, Tedros Adhanom, that the coronavirus is being contained would cause the USDJPY and USDCHF to find immediate buyers.
Another trigger for this sentiment shift could be news that the death rate for the coronavirus in the West is lower than the 3.4% death rate that it has been in Asian countries, especially China.
If the death rate falls to 0.5% -1.0% then the market will start to buy USDJPY and USDCHF on a relief rally.
Traders are going long JPY and CHF.
This is because company earnings across the world are going to be even more deeply affected than originally anticipated.
Expectations of employees not going to work, production lines stopping, airlines losing routes, luxury good sales plummeting, and large public gatherings reducing or halting altogether has resulted in large sell offs in global equity markets.
So, what will cause traders to stop buying JPY and CHF?
The simple answer is any news that suggests the initial fears over coronavirus have been exaggerated.
For example, if we have an early plateau in the number of new coronavirus cases.
If the coronavirus shows signs of being contained we can expect USDJPY and USDCHF buyers at market and pullbacks as the JPY and CHF long positions are unwound and the chances of a further Fed rate cut on March 18 are reduced.
Here's something else you should be watching out for...
Any declaration from the World Health Organisation’s Director General, Tedros Adhanom, that the coronavirus is being contained would cause the USDJPY and USDCHF to find immediate buyers.
Another trigger for this sentiment shift could be news that the death rate for the coronavirus in the West is lower than the 3.4% death rate that it has been in Asian countries, especially China.
If the death rate falls to 0.5% -1.0% then the market will start to buy USDJPY and USDCHF on a relief rally.