Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Brexit Risks in Focus
2020-10-14 • Updated
Ichimoku Kinko Hyo
GBP/JPY: The pair is trading in a bearish sentiment below the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bearish momentum.
Fibonacci Levels
XAG/USD: Silver stands below 50% retracement area and seems that the correction has momentum.
EU Market View
A gauge of Asian shares was knocked off a 2-1/2-year peak on Wednesday, as halted COVID-19 vaccine trials and an impasse in U.S. stimulus talks soured risk appetite, while oil was hit by demand concerns amid growing coronavirus cases. Looking ahead, highlights from macroeconomic calendar include ECB's Lagarde, Lane and Mersch, Fed's Clarida and Kaplan, BoE's Haldane, IEA Oil Market Report.
Investors are also watching tensions between the European Union and Britain after the EU demanded "substantive" movement on Tuesday on fisheries, dispute settlement and guarantees of fair competition in their talks on a post-Brexit trade deal.
EU Key Point
- EU leaders to say no breakthrough in Brexit talks
- Japan August final industrial production +1.0% vs +1.7% m/m prelim
- Germany reports 5,132 new coronavirus cases in latest update today
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Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...