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Fundamental-analysis

Sell AUD/USD Bearish Flag The AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.6733, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.6662 2nd Support – 0.6626 Stop-Loss: To manage risk, place a stop-loss order above 0.6760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
14
BTCUSD ShortWe've been in this flag for a while. I am looking to capitalize on a retrace to past previous support zones on the weekly timeframes, 50-52k. The last weekly candle had a strong engulfing close. The current weekly candle started pushing upwards which brings me to the overall play, a short once the weekly candle flips on itself and breaks the current low. The current H4 chart is starting to align with the overall vision, same engulfing candle driving price down to the entry point zone. I usually expect the same "movement conditions" as the last time we were in a determined zone and from 57,000 to 54500 we should have a somewhat similar clean move down. My goal is to clear my risk once we go down to 54500. I am expecting the US rate cuts to drive the price further down to retest the 50-52 thousand range. The overall idea in the rate cuts is rather simple. A rate cut implies that more investment opportunities will then be "profitable" when compared to other investment vehicles, therefore a lot of people/banks that are holding to BTC for hedging purposes, will now be tempted to resume with other investments and thus driving down the price of BTCUSD. Other major economies are expected to lower their marginal lending rates as well, so this can easily play out for a while. Interest Rate Cut dates: EUR / 12 Sept 2024 CAD / 4 Sept 2024 USD / 18 Sept 2024 If the first target is hit, then partials are to be taken out and a residual position will be left as a runner with a trailing stop.
Short
by TradingAdventures
Supply/Demand Analytics on 2024 Oil: IEA-EIA Demand ProjectionDear Esteemed Members, There are several fundamental factors that could support the oil price reaching $76.09 per barrel, which is the highest level since November 2014. As the global economy rebounds from the pandemic, the demand for oil is expected to increase, especially in the second half of 2024. The International Energy Agency (IEA) projects that global oil demand will grow by 5.4 million barrels per day (bpd) in 2024, reaching 99.6 million bpd by the end of the year. The OPEC+ group of oil producers, led by Saudi Arabia and Russia, has been maintaining a cautious approach to increasing output, in order to balance the market and avoid oversupply. The group agreed in April to gradually raise production by 2.1 million bpd between May and July, but this is still below the pre-pandemic levels of output. Moreover, Saudi Arabia has voluntarily cut an extra 1 million bpd from its production since February, which it plans to phase out by July. The US shale industry, which was hit hard by the price collapse in 2020, has been showing signs of discipline and prudence, focusing on improving cash flow and shareholder returns rather than expanding production. The US oil rig count, a proxy for drilling activity, has increased by about 100 rigs since the start of the year, but it is still more than 300 rigs lower than a year ago. The EIA estimates that US crude oil production will average 11.2 million bpd in 2024, which is 0.3 million bpd lower than in 2020. The oil market is always susceptible to geopolitical tensions and conflicts that could disrupt supply or create uncertainty. Some of the current hotspots include Iran, Libya, Nigeria, and Venezuela. Iran, which has been under US sanctions that limit its oil exports, is engaged in indirect talks with the US to revive the 2015 nuclear deal, which could lead to a lifting of sanctions and a return of Iranian oil to the market. However, the outcome of the negotiations is uncertain and could face opposition from hardliners in both countries. Libya, which has been plagued by civil war and instability, has seen its oil production fluctuate due to frequent attacks and blockades on its oil facilities. The country is currently producing around 1.2 million bpd, but it faces challenges in maintaining and increasing its output amid political and security risks. Nigeria, Africa’s largest oil producer, is facing social unrest and militant attacks that could affect its oil infrastructure and exports. The country is also struggling to implement a long-awaited reform of its oil sector, which could improve its governance and attract investment. Venezuela, which has the world’s largest proven oil reserves, has seen its oil industry collapse due to mismanagement, corruption, and US sanctions. The country’s oil production has fallen from over 3 million bpd in the late 1990s to less than 0.5 million bpd in 2020. Kind Regards, Ely
TVC:USOILLong
by Elysian_Mind
Sell AUD/CAD Triangle BreakoutThe AUD/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9086 Target Levels: 1st Support – 0.9045 2nd Support – 0.9025 Stop-Loss: To manage risk, place a stop-loss order above 0.9115. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
2
USDCAD - Make CAD Great AgainWith the world reopening, Canada will keep bringing in those black gold profits thus strengthening the CAD relative to the USD, which gaining power due to being the financial "central" currency. A second wave of Covid-19 seems to be less likely day after day and this will help a lot to boost consumer confidence which goes hand in hand with consumer spending. So, we can expect a good recovery in general businesses overall, pushing up the major indexes like US30, NAS100 , GER30 etc which are usually correlated, positively, to pairs of the type XXX/USD, this mean, if one major index goes up, so are the other major indexes and so are the major pairs! This being said, if XXX/USD goes up with a overall economic recovery, pairs like USD/XXX should go down and this brings me to USDCAD . USDCAD used to roam the area between 1.24 and 1.36. As of right now we are on a descending triangle of the major timeframes. A break from this triangle to the downside, could push us towards 1.36 area over the next few weeks / months. I am personally looking for this break to the downside, I have intentions to hold a position for quite some time on this one.
Short
by TradingAdventures
1
Buy GBP/CAD Triangle PatternThe GBP/CAD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.7740 Target Levels: 1st Resistance – 1.7794 2nd Resistance – 1.7820 Stop-Loss: To manage risk, place a stop-loss order below 1.7705. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
7
Awaited Dollar Rebound, Too Expensive FrancCHF - Market Internals - SNB doesn't like it high USD - Strong GDP data. Claims were released slightly below the cons.; ISM PMI positive expectations - Oversold dollar due to exaggerated cut expectations - Bullish CFTC Technical & Other Setup: TR(B) Setup timeframe: 4h Trigger: 1h Medium-term: Down Long-term: Down Min target: Local mirror level, 3R Risk: 0.22%; 1R * 1st entry 0.5R near the down band of the local range (buy limit); 2nd 0.5R when 1h closed above DMA(10)
Long
by Cherry94
Buy GBP/NZD Descending TriangleThe GBP/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2.1057, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2.1167 2nd Support – 2.1231 Stop-Loss: To manage risk, place a stop-loss order below 2.0973. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
16
Buy Gold (Xau/Usd) ChannelThe XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2497, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2522 Stop-Loss: To manage risk, place a stop-loss order below 2489. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
7
Sell EURUSD Bearish FlagThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1060, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1015 2nd Support – 1.0988 Stop-Loss: To manage risk, place a stop-loss order above 1.1100 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
1
Stock feedback loopStock market is a adaptive system or a stock, with feedback loops (for inflow, outflow function). Where nobody knows the outcome or future, but feedbacks (corrections or resistance) gives tells (makes inflows or outflows). Without a common leader. Economists think in models (price is the result of supply-demand, or inflow-outflow) that helps to explain system behavior (short term moves), but models are just ideas to explain complex world (models work until they dont). System thinkers study the stock not aggregate behavior . Looking at markets trough perspective of "eco system" helps better understand the drivers or moving forces?
FOREXCOM:SPX500Education
by citsvar
Sell Gold (Xau/Usd) Ascending Triangle in H1The XAU/USD pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Ascending Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 2513. Target Levels: 1st Support – 2485 2nd Support – 2461.50 Stop-Loss: To manage risk, place a stop-loss order above 2530. This helps limit potential losses if the price falls back unexpectedly. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
23
How to Perform Fundamental Analysis of StocksHow to Perform Fundamental Analysis of Stocks In the dynamic world of financial markets, traders seek every available edge to make informed decisions. Among the numerous tools at their disposal, two approaches stand out: technical analysis and fundamental analysis of stocks. In this article, we will explore what fundamental analysis is, how it applies to stocks, and why it is a crucial tool for traders. Traders have the option to open an FXOpen account to perform fundamental analysis on numerous stocks available at FXOpen. Understanding Fundamental Analysis Before diving into the intricacies of fundamental analysis, it's essential to grasp the basics of technical and fundamental analysis. Technical analysis primarily focuses on historical price and volume data to predict future price movements. Traders using this approach rely on charts, trendlines, and indicators like moving averages and Relative Strength Index (RSI) to make trading decisions. Fundamental analysis, on the other hand, takes a more holistic view. It delves into the financial statements of a firm, examines economic indicators, and assesses industry trends. The goal is to determine the intrinsic value of an asset and whether it is overvalued or undervalued in the market. Key Fundamental Analysis Components Fundamental analysis involves several key components that traders must understand to make informed decisions: Financial Statements Fundamental analysis begins with a deep dive into a company's financial statements. These documents provide a wealth of information that is critical for assessing a company's financial performance. The three primary financial statements to consider are: Balance Sheet: This statement offers an overview of a company's assets, liabilities, and shareholders' equity at a specific point in time. It acts as a quick overview of the company's financial standing. Income Statement: Also known as the profit and loss statement, the income statement details a company's revenue, expenses, and profitability over a specific period. These ratios evaluate a company's capability to fulfil its immediate commitments. Cash Flow Statement: The cash flow statement tracks the inflow and outflow of cash from the company's operating, investing, and financing activities. It offers valuable information about the company's liquidity and cash management. Ratios and Metrics To gain deeper insights into a company's financial health, fundamental analysts use various financial ratios and metrics. Some of the key ratios and metrics include: Liquidity Ratios: These ratios evaluate a company's capability to fulfil its immediate commitments. Notable examples include the Current Ratio and Quick Ratio. Profitability Ratios: These ratios measure a company's ability to generate profit relative to its revenue and assets. Examples include the Gross Margin, Net Profit Margin, Return on Equity (ROE), and Return on Assets (ROA). Solvency Ratios: Solvency ratios evaluate a company's ability to meet its long-term financial obligations. The Debt-to-Equity Ratio and Interest Coverage Ratio are significant in this category. Efficiency Ratios: These ratios assess how efficiently a company manages its resources to generate income. Examples include Inventory Turnover, Receivables Turnover, and Payables Turnover. Growth Metrics Understanding a firm's growth trajectory is essential for projecting its future potential and assessing its investment attractiveness. Earnings Per Share (EPS) Growth: This metric indicates the rate at which a firm's earnings per share are increasing or decreasing over time. Revenue Growth: It measures the growth in a firm's revenue compared to a specific period. Book Value per Share Growth Rate: This metric assesses the increase in the firm's Book Value Per Share over the last five years. Steps to Perform Fundamental Analysis Here are the most essential steps to perform fundamental analysis. Company Selection The first step of fundamental analysis in the stock market is selecting the companies you want to analyse. Criteria for selection may include factors like the company's industry, market capitalisation, and growth potential. It's crucial to consider the broader industry landscape and market trends to identify promising candidates. Collecting Financial Data Gathering accurate and relevant financial data is paramount. Sources of financial data include the company's website, authority filings, and financial news outlets. Ensuring the data's accuracy and timeliness is essential for making informed decisions. Analysing Financial Statements In-depth analysis of a company's financial statements is the heart of fundamental analysis. Such metrics as a balance sheet and income and cash flow statements that were mentioned above are widely used by traders and investors to determine companies’ strengths and weaknesses. Calculating and Interpreting Ratios Utilising financial ratios is a critical aspect of fundamental analysis. These ratios provide a quantitative basis for evaluating a company's performance. Comparing the ratios with industry benchmarks helps identify areas of strength or weakness. Evaluating Business Strategy Assessing the quality of a company's management and its strategic decisions is another crucial element of fundamental analysis. This involves evaluating factors such as corporate governance, competitive positioning, and market share. Economic and Industry Analysis Understanding the broader economic landscape and industry dynamics is essential for contextualising a company's performance. Identifying macroeconomic trends and the stage of the industry lifecycle is critical. Valuation Techniques Fundamental analysts employ various valuation techniques to determine whether a stock is overvalued or undervalued. These techniques help traders make informed decisions about whether to buy, sell, or hold a particular asset. Common methods include: Discounted Cash Flow (DCF) Analysis: This method calculates the present value of a company's future cash flows to estimate its intrinsic value. Price-to-Earnings (P/E) Ratio Analysis: Comparing a company's stock price to its earnings per share, relative to industry peers, to assess its valuation. Price-to-Book (P/B) Ratio Analysis: Comparing a company's market capitalisation to its book value per share to determine undervalued and overvalued companies. Risk Factors and Limitations Fundamental analysis, while a powerful tool, comes with its own set of challenges and limitations: 1. Incomplete Data: Many firms, especially in less regulated markets, may not disclose full financial information, thus hindering comprehensive analysis. 2. Future Uncertainty: Even though it's grounded in thorough research, fundamental analysis relies heavily on historical economic data. This approach also makes assumptions about future geopolitical and macroeconomic events, which can be unpredictable, thereby carrying a degree of inherent uncertainty. 3. Subjectivity: Different analysts may interpret the same data in various ways, leading to different conclusions about a currency's value. 4. Overemphasis on Long-term: Fundamental analysis typically focuses on long-term economic cycles and trends, potentially missing out on short-term trading opportunities. 5. Political Instabilities: Unexpected political events, like elections, conflicts, or diplomatic tensions, can have sudden and significant impacts on a stock value. 6. Global Events: Natural disasters, pandemics, or major technological breakthroughs can all have unforeseen effects on the stock market, making predictions based on fundamental analysis challenging. 7. Market Perception: Even if all fundamentals point towards a particular trend, market perception and investor sentiment can drive the market in the opposite direction. 8. Lagging Nature: By the time certain economic indicators are published, the market might have already reacted, making it a lagging tool. By understanding these limitations, traders can complement their fundamental analysis with other techniques to make more informed decisions in the forex market. Conclusion Fundamental analysis is pivotal for traders who aim to make judicious decisions in the financial landscape. It extends beyond just scrutinising financial statements, encompassing the assessment of crucial ratios, metrics, and the overarching economic and industry environment to gauge an asset's inherent worth. FXOpen enhances this analytical journey with its suite of resources. You can combine fundamental and technical tools on the TickTrader platform to conduct a comprehensive analysis, allowing you to navigate the intricate realm of financial markets with bolstered confidence and insight. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AAPLEducation
by FXOpen
5
Sell EUR/CHF Bearish FlagThe EUR/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9392, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9327 2nd Support – 0.9290 Stop-Loss: To manage risk, place a stop-loss order above 0.9420. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
7
$BTC Update - Can bitcoin price touch $100-150K milestone?I have already shared bitcoin fundamental confirmations on X. Here are some technical confirmations related to bitcoin 👇 1. Major Bull flag pattern! 2. Big supply at $68K-58K has been succesfully flipped. 3. Hash Ribbon Buy signal! 4. Pi Cycle indicates BTC is yet to form a cycle top! 5. Weekly 50, 100, 200 EMA as support! 6. NO weekly or monthly RSI bearish divergence. Monthly RSI has not yet touched 85-90. 7. Binance funding rates turned negative for the first time since September 2023. IF YOU LIKE THIS UPDATE, PLEASE BOOST & FOLLOW. THANKS.
BITSTAMP:BTCUSDLong
by cnb006
4
The Problem of Fundamental Analysis in the Crypto MarketFundamental analysis in the traditional financial markets involves evaluating a company's intrinsic value through a variety of metrics, such as earnings, revenue, and growth prospects. However, applying this same approach to cryptocurrency networks presents unique challenges. Cryptocurrencies operate on decentralized networks, and their value often stems from factors that don't align with conventional financial metrics. Key Challenges: Traditional Metrics Fall Short: Cryptocurrency networks are not companies with revenues, profits, or physical assets. Therefore, traditional metrics like price-to-earnings (P/E) ratios or revenue growth don’t apply. Misleading Social Media Data: Social media presence and subscriber count might seem like indicators of a project’s popularity or potential, but these figures are easily manipulated. Fake followers, bots, and exaggerated engagement can create a false impression of legitimacy and success. Isolated On-Chain Metrics: While on-chain metrics provide valuable insights, they can be misleading if analyzed in isolation. For instance, a high number of active addresses might suggest widespread usage, but without context, it doesn't reveal whether these addresses represent genuine users or automated bots. Relevant On-Chain Metrics: Number of Transactions: Indicates the level of network activity, but doesn’t differentiate between meaningful transactions and spam. Transaction Cost: Reflects the cost of using the network, which can indicate demand, but also congestion or inefficiency. Active Addresses: Shows how many unique addresses are participating, but could be skewed by the creation of multiple addresses by a single entity. Commissions (Fees): High fees might indicate network demand, but can also point to issues like scalability problems. Hashrate or Coins in Staking: High hashrate or staking levels suggest network security and confidence, but can also centralize control if dominated by a few large players. Design Indicators: Whitepaper: This document outlines the project's goals, technology, and roadmap, but its value depends on the technical understanding of the reader and the honesty of the team. Project Team: The experience and reputation of the team are crucial, but the anonymous or pseudonymous nature of many crypto projects complicates assessment. Competitors: Understanding a project's competitors helps gauge its potential, but the fast-paced nature of the crypto space means that new competitors can emerge quickly. Tokenomics: The economic model of the token, including supply, distribution, and incentives, is vital, but poorly designed tokenomics can lead to inflation or lack of demand. Financial Indicators: Capitalization: Market cap is often used as a quick measure of a project’s size and importance, but can be misleading in low-liquidity markets. Liquidity: High liquidity indicates that an asset can be traded quickly without affecting its price, but low liquidity can lead to price manipulation. Emission Method: The way tokens are issued (e.g., through mining, staking, or ICOs) affects supply dynamics, which can influence price stability and long-term viability. In summary, while fundamental analysis in the crypto market is challenging, a multi-faceted approach combining on-chain metrics, design indicators, and financial indicators can offer valuable insights. However, these should always be interpreted with caution and in context, given the unique dynamics and rapid evolution of the cryptocurrency landscape. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
Buying an Algorand to trade on the spot market.#ALGOUSDT There are many factors that indicate the possibility of buying: 1. The strength index suggests that a rebound is possible in the short term. 2. We have already seen a complete bearish correction of A, B and C. 3. According to technical analysis, we have reached the bottom zone. 4. At the moment, the first and second waves have formed, and a long third wave is expected to follow. However, the target ($0.6495) can be reached by both the third and fifth waves. Good luck to you! Please note that these are just my expectations. There is no financial or investment advice here. All of the above information is provided for informational purposes only.
BINANCE:ALGOUSD
by A_R_T_vs_A_R_T
Knock Knock. Who's There? Vibecession Ft. US Interest RatesHello Everyone, IMPORTANT: ALL FED POLICIES LEAD TO NEGATIVE OUTCOMES TLDR AT THE END In February 2022 the Federal Reserve gave us the fastest rate raising campaign in history to try and combat very high inflation, but they were very late in raising rates causing one of the worst inflation in 40 years. During his speech at Jackson Hole he confirms rate cuts in September due to inflation being under control and the labor market "cooling." Good news is inflation is under control, however this is only the start of our labor market "cooling." Jerome Powell is extremely late in cutting rates and will be cutting rates because we are getting BAD economic data and the cracks are showing in our labor market, commercial real estate, and banking sectors. The Federal Reserve 100% KNOWS a recession is coming that is why they are cutting rates. We have Jerome Powell come up on stage sweet talk to us about a soft landing, inflation under control, and how he will cut rates to help the labor market. He's not going to be instilling fear in Americans as a chairman. Just Remember, ALL FED POLICIES LEAD TO NEGATIVE OUTCOMES. Recession is coming, Sahm rule and inverted yield curve hasn't been wrong and it won't be wrong this time. This time it's not different. TLDR: Jerome Powell is too late in cutting rates causing a recession
ECONOMICS:USINTR
by justaturboman44
1
Fundamental Market Analysis for August 29, 2024 EURUSDEUR/USD trimmed recent gains on Wednesday, sliding lower after hitting new highs for the year as expectations of a rate cut by the Federal Reserve (Fed) in September keep risk appetite in the broad market under a ceiling. There is little of interest on the economic calendar for the middle of the trading week, but Thursday will see the release of US Gross Domestic Product (GDP) data, which will be closely watched. Little movement is expected, however, as markets generally estimate second quarter GDP growth at an annualized rate of 2.8%. Friday's data promises to plunge markets into a trance of boredom with the release of the fresh Harmonized Index of Consumer Prices (HICP) inflation figure for the EU at the start of the European session. EU core HICP inflation is expected to continue to decline across the board. It is forecast to be 2.8% y/y in August, down from the previous reading of 2.9%. US Personal Consumption Expenditures (PCE) price index inflation, due on Friday, remains the key reading of the week and investors are shuffling their feet waiting for signs that inflation will continue to fall, or at least not rise fast enough for the Federal Reserve (Fed) to get on the rails for the much-anticipated rate cut on September 18. Trading recommendation: Trade predominantly with Sell orders from the current price level
Short
by Fresh-Forexcast2004