With the deadline for a stimulus deal ticking, Republicans are still opposed to a large package making it increasingly unlikely a deal will be reached before the election. Even if Pelosi and Mnuchin can reach an agreement, Republicans in the senate have limited appetite to approve a larger package.Risk assets...
Equity Update: Tesla earnings, Apple in Google’s antitrust shadow, CNY and inflation
Tonight all eyes will be on Tesla, the most hyped stock in 2020, and whether the company delivers on the hype with a strong outlook and production update on the upcoming Model Y. We also take a look at the antitrust case against Google and the strengthening CNY. US equities...
Dollar’s pain no gain for struggling crude oil
Crude oil update with focus on crude oil's struggle to join the general rally seen across other commodity sectors. What is our trading focus? OILUKDEC20 – Brent Crude Oil (December) OILUSDEC20 – WTI Crude Oil (December) ____________________________________________________________________________________________________ WTI Crude Oil (OILUSDEC20) and Brent Crude Oil (OILUKDEC20) both trade lower on a...
FX Update: Why the CNY is so strong. JPY waking up this morning
The USD has weakened across the board and US long yields have risen to their highest level since June, unlike yield developments elsewhere. The strength in the Chinese renminbi needs a closer look as the fall in USDCNY accelerates, and the JPY is suddenly waking up this morning as USDJPY...
Brexit : Current status : Slough of Despond
Yesterday, peers inflicted an heavy defeat to the UK government by rejecting the Brexit bill that was accused of breaking international law. Meanwhile, Frost and Barnier are engaging on Twitter, but there is still no real signs of progress in negotiations between the UK and the EU. Peers, including Conservative...
ETHUSD on a rising trend, more bounce !
ETHUSD on a rising trend, more bounce ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a...
AUDUSD touching the trendline, possible reversal!
AUDUSD touching the trendline, possible reversal! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on...
Breakout Identified in USDJPY
The Breakout Opportunities system has just sold USDJPY at 105.412. The system recommends entering this trade at any price between 105.287 and 105.493. The signal was issued because the USDJPY has broken its 24-hour low while our Speculative Sentiment Index was at 2.68, suggesting that the USDJPY may have further...
AUDUSD touching the trendline, possible reversal!
AUDUSD touching the trendline, possible reversal! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on...
EURUSD is facing bullish pressure | 21 Oct 2020
Price is facing bullish pressure where we could see a further bounce above this level