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...
Biden’s victory is by far the most likely scenario – USD to lose
2020-11-05 • Updated
Ichimoku Kinko Hyo
GBP/JPY: The GBP/JPY is trading below the Kumo. An upward wave would lead the pair to exit the cloud, confirming a new bullish outlook.
Fibonacci Levels
XAG/USD: Silver moves below 50% retracement level. It seems that silver bears still struggle to move higher.
US Market View
Wall Street's main indexes opened higher on Wednesday as the race for the White House went down to the wire, although investors remained worried about the prospect of a contested result. Democratic contender Joe Biden took to the air to declare he was optimistic about winning and called for all votes to be counted, no matter how long it took. President Donald Trump responded in trademark combative style, saying he had won, that "they" were trying to steal the election, and that he would go the U.S. Supreme Court to fight for victory
USA Key Point
- The latest vote count in Michigan now helping Biden
- US October Markit final services come at PMI 56.9 vs 56.0 than expected
- US major indices open higher led by the NASDAQ index
Similar
How will the reporting season affect US indices?
Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
Stocks to trade in July
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
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...
