Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
A rough start to the week for the pound
2022-01-19 • Updated
Ichimoku Kinko Hyo
CAD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.
Fibonacci Levels
XAU/USD: Gold is trading with high volatility as the risk-off mood send it lower. Price stands above the 23.6% retracement area.
US Market View
The UK announced it had identified a new strain of the Covid-19 virus that is more contagious than the strain that has swept through the world this year. There is no information yet to suggest that it is any more virulent than the initial strain, or that the vaccines either already approved or in development will be any less effective against it. Global stocks tumble and the dollar surges as the UK discovers a new strain of the Covid-19 coronavirus. US lawmakers finally approved a $900 billion relief package that includes $600 checks to households, and a $300 weekly enhancement for federal unemployment benefits for 11 weeks. Global stocks corrected downward sharply overnight in response to the news from the UK, which analysts said poses fresh risks to the growth outlook for the first quarter.
USA Key Point
- Canada Nov new housing price index +0.6% vs +0.8% prior
- PM Johnson to hold a press conference later today
- Virus fears will overshadow a light economic calendar
- The USD is the strongest and the GBP is the weakest
- France says it will stick to its 'red lines' as Brexit talks set to continue
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When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
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...