Enjoy the latest @DailyFX Podcast with @SamanthaLaDuc of @LaDucTrading , Samantha is a wonderful Macro-to-Micro Analyst, Educator, & Active Trader on Catching Good Trades, and who provides deep and actionable insights: https://t.co/vCKecp9QEV
@MoneerBarazi@DailyFX Thank you so much, @MoneerBarazi! I'm heading to @Toyota, so I'm leaving the world of @IGcom and financial derivatives. While it is a bit of a career path switch, I'm grateful for what lies behind and I'm quite excited about what is ahead.
About to kick off my final webinar at @DailyFX on current FX Market Overview - Themes & Price Action
If you care to join, you can register here: https://t.co/hJgJ7abqqj
If you're planning on grabbing the latest @DailyFX podcast with @Samir_Madani of @TankerTrackers this weekend and myself, be sure to also check out this supplemental show notes article:
Oil Data Champion Sam Madani Explains Oil Tanker Tracking | Podcast
https://t.co/4VC4rLR0SP
US Dollar (DXY) working on a bearish key day (cnfrmd on close < 97.89. Worth noting these are rather rare (2 in the last year if today's confirms). However, this tends to be a reprieve for selling risk as explained so well by @Trinhnomics, Weak USD = lubrication for global trade
This is something I argue all the time for those obsessing w/ trade-war: the USD is more important than trade-war.
Why? Because it lubricates not just global finance but also global economics. There are 800trn transactions of USD so that is 3200 times the amt affected by tariffs
Tune in to our podcast interview by @DailyFX!
We discussed all sorts of eye-opening things in the physical world of oil.
We hope you enjoy! #OOTT
Trading Global Markets Decoded https://t.co/krIslfAXqh
#Gold is moving toward $1,300/oz as it moves above the 50- & 100-DMAs.
Enjoy my weekend article, Gold Price Forecast: Bullion Holds Bullish Support As Volatility Spikes
https://t.co/fRVgeZEkKA
With China vowing an increase in tariffs (25% on $60bln of US goods) to boost the trade war stakes, the probabilities of a Dec. Fed rate cut continue to rise (~68%), which seems to be feeding the JPY strength
The last time I recall a gap through the Ichimoku cloud that led to a multi-quarter move was EUR/USD in April 2017 after the Marine Le PenV election defeat sent EUR roaring higher that would continue for ~10 months and was good for a 16.5% move higher
Some currency pairs provide more value as a signal than a trading vehicle, and in this case, CNHJPY seems to fit the bill.
With the rise in vol and focus on AsiaFX around Trade War tensions and the possible 2019 carry trade unwind, this sure beats watching EUR & GBP for insight
I'd love to see a 'Perfect Storm' indicator like RSI, but that counts the number of times in a day, the Perfect Storm is said in relation to a ~2% move in equities
FX Traders, check out this article by @RichDvorakFX on NZD crosses ahead of RBNZ.
Overnight implied NZDUSD vols are showing ~150 pip spread into the event, and weeklies show ~160 pips.
New Zealand Dollar Price Action in Focus Ahead of RBNZ Meeting
https://t.co/ZgRZo30gvQ
A fascinating look by @CVecchioFX & @PeterHanksFX on the correlation of Emerging Market Currency weakness and Bitcoin strength in 2019. Enjoy!
Latest Bitcoin Rally in Concert with Fresh Weakness in Turkish Lira
https://t.co/AHxbLqOL5d
As the end of May draws closer - pun intended - which of the following possible successors to Theresa May as UK Prime Minister would be most positive for $GBP? Note that the last time I conducted this poll three months ago Jeremy Corbyn did surprisingly well.
USD/CNY will likely come into sharp focus in coming weeks for markets and governments as a technical bullish breakout has developed near 7 CNY per USD favoring a move to the feared level.
US Dollar Price Forecast: Who’s Brave Enough To Short DXY in May?
https://t.co/LoGXobHbs3
Today, the BoJ discussed adding to their policy of ETF market support by creating a lending facility for their holdings.
Have other CBs discussed the BoJ-like idea of supporting the economy via ETF markets similar to how they support w/ bonds?
Statement https://t.co/naOuYocrrU