The US China trade war has just gone up a notch or two and we could be looking at the start of a world recession. The sequence of events went like this. Wednesday The FED cut rates by 25 basis points, result the dollar index goes long. Why? Because they were dovish in the statement and the market was expecting more cuts. Friday's employment figures weren't good so...
I'm continuing to call the dollar short as we move closer to the expected FED rate cut. The GBP has moved short long enough for me and I've moved neutral on it until we see what effect the new man in Number 10 will have. Yen continues to push up as does Gold and Silver. Still waiting for a short set up across the board on the Stock market indexes. This is not...
Still waiting for the FOMC minutes which are being released tomorrow; Powell is also speaking. That information could be the catalyst the market needs to move with any significance. On the higher time frame I'm still long on safe Havens and short on the GBP although it need to correct upward to get an entry. Stock markets are in and around previous highs and are...
CORRECTION: Sorry guys I made a mistake while talking about the markets expectation for interest rate cut - I said 50% cut when clearly I should have said 50 basis points. Looking at the recent interest rate expectations and the reaction to the surprise Non farm payroll figures. The trend for the dollar index remains short but we could see a sideways pattern until...
Looking for the Dollar to continue short after the brief pullback due to China trades talks. The talks have a long way to go before anything will be concluded so I suspect the dollar will move down in a diagonal. We could also be seeing a move back to risk off for the same reason so look at the safe havens for value. This is not investment advice Share and like...
The US Dollar is still correcting the previous short move. I'm waiting for that to end before I'll be looking for short trades. In the mean time the RBA have cut the cash rate by 25 bases points to stimulate the Australian economy. Naturally I remain bearish on the Aussie and NZD. The trade talks between USA and China have put a halt to the move to safe havens but...
FX:AUS200 Weekly – Bullish channel with bearish divergence Daily – Bullish flag and overbought 4H - Breaking higher from bullish flag - looking for re-test to set longs Buy AUS200 at 6560. Stop 6520. Target 6660 Overbought and bearish divergence on longer term charts could stifle this move Good luck! Check out our FREE Telegram group for trading ideas and...
Foreign Investment is flowing out of the Chinese Stock Market and Trumps Tariffs kicking in. There have to be trading opportunities here. Take 7 minutes to find out where. Please remember to share and like Steve Trainer & Mentor @logicfxtrading.com
In this video update, we take a look at the AUD200 index and how the price is benefitting off of AUD weakness. Price smashed through recent support levels and looks to continue on its path higher, however, we have a significant resistance level above which may prove tricky for the price to break. If we do see further upside, the market will likely head towards...
Hello Traders, Long anticipation on aus200. I will be honored to have your reflections on my anticipation. Thank you.
In today's video update, we take a look at the AUD index as we see price start to accumulate at the key weekly support. If we see price turn bullish here on our trading timeframe we can look for long opportunities.