4 Main Risks Involved In Futures Trading

4 Main Risks Involved In Futures Trading There’s no doubt that futures trading is inherently a risky business. Anyone who tells you it is 100% risk free is either ignorant or trying to sell you something. The truth is futures trading is a gamble. There’s no telling when you are going to win or when […] Read more

GBPUSD Testing Critical Resistance Level

The British pound has continued to advance against the US dollar during the European trading session, as sterling stages a relief rally after British Prime Minister Theresa May survived Wednesday’s leadership challenge. The GBPUSD pair is currently probing the neckline of the bearish head and shoulders pattern, at 1.2657. If bulls Read more

Equity Futures Rise As US President Trump Breaks Silence On Huawei

General Trend Hang Seng supported by gains in the property, tech and telecom sectors Automakers outside of China trade broadly higher amid renewed speculation that China could lower US auto tariffs Japanese Marine/Transportation, Iron/Steel and Securities companies rise Aussie tracks gains in the equity futures After 2 full days of Read more

GBP/USD In Significant Downtrend Below 1.2800

Key Highlights The British Pound declined heavily and broke the 1.2660 support against the US Dollar. There are two important bearish trend lines formed with resistance near 1.2775 on the 4-hours chart of GBP/USD. The UK Industrial Production in Nov 2018 declined 0.6% (MoM), whereas the market was looking for a 0.1% rise. […] Read more

Some Considerations For Moving Stop-Losses

We previously talked about the differences between fixed and moving stop-losses, and if the latter seems like something that could help you with your trading, here are some things you might want to consider. To reiterate, a moving stop-loss implies setting the stop according to a predetermined indicator, and then following that Read more

WTI OIL Outlook: Oil Price Falls Back Towards $50 Support After Recovery Was Repeatedly Rejected, OPEC Meeting In Focus

WTI oil fell on Thursday, reversing so far the largest part of recent $49.40/$54.54 recovery rally, driven lower by slide in stock market and uncertainty about the outcome of OPEC meeting. The cartel announced the readiness to cut the output (between 1 and 1.4 mln bpd, but awaiting decision from Russia. Optimistic tone […] Read more

Postion trading update: EUR/JPY short entered at 127.80

Here an update to the EUR/JPY position trading strategy as last mentioned in the week report here. In short, we’ve entered short at 127.80. Stop is placed at 129.30, slightly above 129.29 resistance. Overall developments affirm our bearish view. The price actions from 127.49 as well as from 126.63 are corrective looking, suggesting Read more

Stocks Surge On US-China Ceasefire, But Bonds Aren’t Buying It

As you’ve no doubt heard by now, US President Trump and Chinese President Xi were able to reach a ceasefire agreement at the G20 summit in Argentina over the weekend. In exchange for the US agreeing postponing the scheduled escalation of tariffs (from 10% to 25%) for 90 days, China agreed to “purchase […] Read more

CFTC Commitments of Traders – Bets for Higher Euro Fell Sharply as Confidence Data Soured

As suggested in the CFTC Commitments of Traders report in the week ended November 27, NET LENGTH in USD Index slipped slightly whilst bets increased on both sides. All other major currencies stayed in NET SHORT positions. During the week, the greenback strengthened against major currencies. Note that the report date was before Read more

China Weekly Letter: Trade optimism amid further Chinese slowdown

Trump sees ‘good possibility that a deal can be made’. Weaker profit growth and PMI underline Chinese slowdown. Taiwan’s pro-independence government suffered big defeat at ‘mid-term’ elections. Trump sees ‘good possibility that a deal can be made’ It’s finally crunch time for Donald Trump and Xi Jinping as they face Read more

GBP/USD Is Trapped In A Range Breakout Is Needed

The GBP/USD is still technically bearish if we look through Weekly to H4 time frame. However, the broader look shows us the major range that has existed throughout since the mid-November. The Cable rejected the W H3 – 1.2850 and dropped towards 1.2755. However a break below 1.2750 is needed for next target […] Read more

All Eyes On Fed Chairman Powell’s Speech Tonight

Market movers today On a day with a few data releases, the market will continue to follow any hints from US and Chinese officials ahead of the ever important trade talks at the G20 meeting in Argentina this coming weekend. Market sentiment remains extremely sensitive after the US administration recently signalled its frustration Read more

FX Daily

Asia’s improved equity mood continued in Europe and US trade. ECB’s Draghi remained optimistic on Eurozone growth and inflation and Italy rallied on budget hopes. The US dollar slid in the London morning but then reversed in NY, leaving AUD/USD at 0.7230. Spot iron ore tumbled almost -7% to 4 month lows. Today’s […] Read more

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