Open trading account Target 111.75 stop 950
Target 111.75 stop 950
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SP OFF THE LOWS anyone see a bit of a reboungd in the uj or am I SEEING A GAP FILL
Target 111.75 stop 950
IS MARKET SENTIMENT RELIABLE?
TRADING BASED ON SENTIMENT GRAPHS PUBLISHED BY BROKERS LEAVE SHOOT TRADERS DEAD UNLESS
COMPARE SENTIMENT PUBLISHED BY DUKASCOPY ON USD/JPY or UJ
Broker Two Sentiment = (100 - %short setiment * broker) - (100 - %long setiment * broker) / Broker
100- 57*1 = 43 100 - 43 * 1 = 57 Ducascopy Brokerage UJ Stentiment =14
NOW COMPARE IT WITH CLIENTS ON IG MARKETS
RECOMMENDATION USE SENTIMENT BALANCING
Broker Two sentiment = (100 - %short setiment * broker) - (100 - %long setiment * broker)
100-51 * 1)…
COMPARE SENTIMENT PUBLISHED BY DUKASCOPY ON USD/JPY or UJ
Broker Two Sentiment = (100 - %short setiment * broker) - (100 - %long setiment * broker) / Broker
100- 57*1 = 43 100 - 43 * 1 = 57 Ducascopy Brokerage UJ Stentiment =14
NOW COMPARE IT WITH CLIENTS ON IG MARKETS
RECOMMENDATION USE SENTIMENT BALANCING
Broker Two sentiment = (100 - %short setiment * broker) - (100 - %long setiment * broker)
100-51 * 1)…
Cable looks supported
Both Manufacturing PMI and Construction PMI came in stronger than expected last week. Today's release of Services PMI will show whether this pullback in business activity and sentiment is more broad based.
The pair broke above 50 DMA last week, for the first time after Brexit. It is currently trading at the upper end of its post-Brexit consolidation pattern. A hold above 1.3350 would put 1.35 into focus. 1.3275 is the initial support.
The pair broke above 50 DMA last week, for the first time after Brexit. It is currently trading at the upper end of its post-Brexit consolidation pattern. A hold above 1.3350 would put 1.35 into focus. 1.3275 is the initial support.
Kiwi breaks below 50 DMA
Last week's RBA rate cut hasn't only impacted Aussie but has also contributed to the reversal in Kiwi. Overnight talk of additional macroprudential measures by the RBNZ to stem house price rises has been seen as laying ground for further rate cuts.
The pair fell more than 300 pips since last Tuesday, breaking below 50 DMA in the process. Some demand will definitely come in ahead of 100 DMA and 200 DMA but it may take a decline to August 2015 - January 2016 trendline before sentiment turns again.
The pair fell more than 300 pips since last Tuesday, breaking below 50 DMA in the process. Some demand will definitely come in ahead of 100 DMA and 200 DMA but it may take a decline to August 2015 - January 2016 trendline before sentiment turns again.
FX Fundamentals Update
USD: The Buck is, fundamentally, the strongest currency. However, global outlook seems to be forcing the Fed to scale back on their original plan of hiking rates 4 times this year.
More recently, dovish FOMC Minutes gave investors a fresh reason to short the Greenback.
Current Sentiment: Neutral
Recent News: ⬇️ (Dovish FOMC Minutes)
EUR: The Euro is a weak currency, at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the s…
More recently, dovish FOMC Minutes gave investors a fresh reason to short the Greenback.
Current Sentiment: Neutral
Recent News: ⬇️ (Dovish FOMC Minutes)
EUR: The Euro is a weak currency, at the moment, with the ECB trying everything in its power to lower its exchange rate. Global turmoil, however, might keep the s…
EURUSD H1
The price is still in a downward channel, however, it seems that the bulls blade itself appetite for further gains in the pair that would led to break above the channel and the opening movement towards 1.105> 1.12 ... now I have tp set on 1.1 ...
Risk-Off sentiment ahead of the NFP on Friday
It's the fifth day in a row for the fall of the Eur/Usd pair with 70 pips lost just in the last 24 Hours (from the time of this post).
Eur/Usd has felt the impact of both the NFP pre-news speculation and the lower than expected data from the CPI Flash Estimate y/y (0.2% vs. 0.4% expected) and the Core CPI Flash Estimate y/y (0.9% vs. 1.0% the forecast).
The "Smart Money" have moved from the Risk On currencies (Eur, Gbp, Nzd, Aud) to the safe heaven assets (Gold, Jpy, Usd). It's interesting that …
Eur/Usd has felt the impact of both the NFP pre-news speculation and the lower than expected data from the CPI Flash Estimate y/y (0.2% vs. 0.4% expected) and the Core CPI Flash Estimate y/y (0.9% vs. 1.0% the forecast).
The "Smart Money" have moved from the Risk On currencies (Eur, Gbp, Nzd, Aud) to the safe heaven assets (Gold, Jpy, Usd). It's interesting that …
US inflation positive
US CPI report came out solid and it appears sentiment has reversed (at least short term). However, immediately after knee-jerk reaction to the news, there was a short squeeze in which Euro made new high and briefly traded above 1.10. Particularly weak is Cable as UK CPI missed expectations earlier in the day.
Daily Observation
Hi everyone, Here's a Market sentiment based on a price charts of 3 time frames, Monthly, Weekly, Daily
Valid for the date: Mon. 17 November.
Sincerely, Arthur/Marenno
Valid for the date: Mon. 17 November.
Sincerely, Arthur/Marenno