US500: A further correction towards 5192 before resuming purchases.
Bearish Scenario: Sales below 5220... Bullish Scenario: Buys above 5225 (if price fails to break below decisively) ...
Risk On Moves Markets Higher
2020-10-05 • Updated
Ichimoku Kinko Hyo
USD/JPY: The pair is trading in a bullish sentiment above the cloud. The currency pair has just surpassed the Kijun-sen and the Tenkan-sen, confirming a bullish momentum.
Fibonacci Levels
XAU/USD: Gold stands on 61.8% retracement area despite last week’s NFP. Seems that some correction is taking place.
EU Market View
UK PM Johnson set a deadline of October 15th to secure a Brexit deal with the EU and both sides agreed to 11 days of “intensified” talks to finalize an agreement. Looking ahead, highlights from the macroeconomic calendar include Final Eurozone, UK and US services PMIs, ISM non-manufacturing, BoE's Haldane, ECB's de cos, and Fed’s Evans speeches. President Donald Trump could be discharged from the hospital where he is being treated for COVID-19 as soon as Monday, according to his doctors, although his condition remains unclear and outside experts warn that his case may be severe.
EU Key Point
- US Senate Majority Leader McConnell said we are getting closer to stimulus negotiations
- BOJ's Kuroda: Japanese economy in severe condition but picking up
- Eurostoxx is higher +0.9% in early European trading
- Germany's Altmaier supports that no taxes should be raised during the pandemic
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US30 Trading Strategy and Key Levels: Where Are the Supply and Demand Zones?
Bearish Scenario: Sell below 39600... Anticipated Bullish Scenario: Intraday buys above 39750... Bullish Scenario after Retracement: Intraday buys above 39150
US100: Consolidated and preparing correction below 18100. Key levels on H4!
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
Latest news
USD: Powell Speaks on Cutting Interest Rates
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 ...
WTT: Currency Pairs To Trade In April
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.
EURUSD: Seeking liquidity in weekly selling zones. Key intraday levels.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
