What a start to the week it has been in the markets, with crude oil losing a fifth of its value and US stock index futures limiting down after falling more than the allowable 5% in a single session. But with the European markets staging a bit of an oversold rebound, US stocks will likely […]
Limit Down: Markets crash as oil plunges Read More »
Here is a short trade idea on the S&P CFD – i think the markets may sell off into the close ahead of the weekend given the risk of the virus spreading further: Fore more trade signals like this, check out my trade signals service HERE.
S&P bounces to hit key resistance: trade idea Read More »
After last week’s big drop, gold has staged a sharp rally and looks set to break to a new high for the year. Investors are ignoring concerns over physical demand for the precious metal and instead concentrating on its appeal as a safe-haven commodity. The metal has risen to a high so far of $1666,
Gold extends recovery as stocks, yields and dollar drop Read More »
The EUR/GBP has risen sharply over the past two and half weeks. Ongoing Brexit concerns have weighed on sterling while the euro has been supported by concerns the ECB will not loosen its policy like other central banks have this week in response to the outbreak of the coronavirus. However, with the virus spreading across
EUR/GBP hits resistance Read More »
Did the Fed just cut interest rates because of the economic impact of the coronavirus or because of the recent slump in equity prices? Whatever the reason, supporters of Trump will claim that his renewed criticism of the Fed has done the trick. But make no mistake about it, the President will continue to call
Fed surprises but is the 50 bp cut too early? Read More »
Gold and silver have both rebounded today, along with equity markets. But after last week’s big falls, more pain could be on the way for gold bulls than gains this week. As we reported the possibility earlier last week, safe-haven gold continued to head lower despite widespread concerns over the outbreak of coronavirus. However, I
Gold rebounds but more pain than gains likely Read More »
Here are the before and after charts of the handful of trade signals I started providing from around mid-February 2020 in the Discretionary trade signals group on Telegram. NZD/USD short Hit target for +80 pips USD/JPY long Manual close for a few pips of gains as price stalled near entry area for far too long
Discretionary trades before/after Feb 2020 Read More »
Following another day of sharp falls for European markets, index futures point to another weaker open on Wall Street. This will be the sixth down day, and will be interesting to see whether the shorts will continue to press on, or if there will be some tactical buying here and there. In any case, trading
Markets continue to struggle as we enter day six of sell-off Read More »
The EUR/USD has been creeping higher over the past few days, after a big drop in early Feb. But this appears to be a dead cat bounce. The hourly chart shows price failing to hold above old highs, where it has just created a rather large bearish engulfing candle. If I am reading this correctly,
EUR/USD about to dive? Read More »
With risk assets rebounding off their lows this afternoon, safe-haven gold, which has stopped going higher over the past couple of days, could turn lower soon. If it does, this is one of the ways to potentially trade it short: This is somewhat similar to the short gold trade that was taken on Tuesday, which
Gold about to turn lower again? Read More »
