Key Levels and US Market Review for the Asian session open 28/07US markets moved lower on prospects of higher interest rates. Bond yields in the US spiked as to did the USD which pressured dollar denominated assets like Gold, Silver and Copper. The major US indexes moved lower on news that Japan is going to let longer term bond yields move higher which in turn pressured US bonds lower and detracted from the attractiveness of stocks. I expect that there was a lot of profit taken which may continue into the coming US session. I expect Europe will open weaker, especially the DAX, as it plays catchup with the US led selloff.
Expecting a weak open in Asia with the ASX200 to open up 40 pts, the Nikkei to open down 380 pts and Hang Seng to open down 320 pts.
Traders will be keeping an eye on coming economic data and the BOJ press conference today for some direction on Bond yields and in turn share markets.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
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Tradeideas
US30 Potential Bearish MovePrice reached daily resistance and formed strong bearish reaction. It broke previous low and formed new support 33600. Price is testing previous low and significant zone 33900. I expect to see bearish move, but if price breaks this zone then we will likely see bullish pressure.
DDOG Entry, Volume, Target, Stop, ResistanceEntry: when price clears 103.80
Volume: with daily volume greater than 7.9M
Target: 132 area
Stop: Depending on your risk tolerance; 94.42 gets you 3/1 Risk/Reward.
Resistance: 121 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
ASML Entry, Volume, Target, StopEntry: with price above 747.14
Volume: with volume greater than 1.41M
Target: 789 area
Stop: Depending on your risk tolerance; 733.20 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
GBPUSD TRADE IDEAGBPUSD has ad a break of structure on the 1H and 4H timeframes. now price is at the 4h orderblock and a FVG on the 1h. i would like to see a good rejection at this level accompanied with a break of structure on maybe the 5min to go short on this pair. COT data shows institutions are more on the long side of the USD than GBP, so I believe this might be a trade that pans out. Anyway this is just my opinion, if you have anything to add or an opposing view, I would like to hear from you.
GBPUSD Trade Update I Target reached 🔥Welcome back! Let me know your thoughts in the comments!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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ARRY Entry, Volume, Target, StopWhen price clears: 24.00
With daily volume greater than 37.3M
Target: 35.00
Stop: Depending on your risk tolerance; 20.33 gets you 3/1 Risk/Reward.
This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Betting on Dollar strenghtIn the last few trading sessions USD has weakened against most currencies, and has reached some key areas. After 4 days of selling in USD pairs it's fair to expect some retracement.
Current levels in USDCAD and USDJPY allow to take Trades with high risk reward.
On top of that we have news coming out on Wednesday. 10th May (tomorrow). Big money won't take strong bets in any direction before inflation data coming out. This will favour any "fading trade".
Also, can we exclude any surprise in inflation data? given current price levels in many pairs, the surprise factor could trigger short coverings and push price further away in our favour.
I selected USDJPY and USDCAD for long trades with nice Risk reward.
Key Levels and US Market Review for the Asian session open 8/05Stronger than expected employment data in the US sent bulls into a frenzy and pushed share markets higher into the weekend as recession fears eased. On the flip side, a resilient economy will flow over into inflation and mean that inflation will stay higher for longer and put further upside pressure on interest rates. US Bond yields spiked as to did the USD while Gold nosedived off highs. Copper and Oil found some love from higher expected demand.
Expecting a strong open for Asian markets with the ASX200 to open up 70 points, the Hang Seng to open up 130 pts while the Nikkei may open relatively flat thanks to Fridays US market rally.
With stronger economic data comes stickier/resilient inflation so bulls may be getting ahead of themselves as the US Fed will have to think about another rate rise if economic data continues to show strength.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Key Levels and US Market Review for the Asian session open 4/05US indexes came under fire after the Federal Reserve raised interest rates 0.25%. Expect that Europe will play catchup and see weakness on the open. The Fed have now moved to a data dependant stance and could possibly pause in June if economic data comes in weaker...this is not so good for bulls as it would point to a weakening US economy.
Gold punched up into new all time highs after the US close while Oil and US bond yields dumped.
Expecting a weaker open for Asian markets with the ASX200 to open down 25/30 points, Nikkei will have to wait to play catchup as the underlying index is closed, and the Hang Seng to open up 25/30 points.
With the FOMC statement changed slightly, traders will be focused on economic data and a slowing US economy...so expect to hear the word 'recession' a lot more.
Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
ISMT - Hidden Gem Breakout and retest complete
Cmp 83
Add more near 80
TGT 100+ very soon
TGT 2 - 140
SL below 78
Note : Not any buy or sell recommendation just an idea.
Sl below support zone if you go long ..
EURUSD - It's at a very important area!EURUSD - It's at a very important area!
EUR - We are currently at a very important support area of the range.
What's happening to the market fundamentally?
Yesterday we had a very Hawkish Powell, as I mentioned in my previous post we had the indication of 25 basis point but I did mention we could perhaps change to 50 well.. embedded that in and we had a hawkish upward revision upward revision to the 2024 Dot Plots and Fed Swaps Now Favours 50bp Hike In March Repricing Higher From 25bp as mentioned by Powell is not out of picture and being priced in. Now that's a very important information... We had 2 yrs escalate to 5%. The 2% target of inflation will be achievable and it is a global target. Even though we have a hawkish ECB, pricing in further hike. The dollar is having much more of a major movement overall.
We had Gold hit 1800 areas again re-test of the lows, yields head higher, Yen 137 area and euro at the most important EUR 1.05 areas a break of this level, 1.04 can easily be achieved. However, if we break above the highs, I expect us to go towards 1.09 areas... Currently, we are within the ranges of highs: 1.07480 & lows: 1.04900.
Don't forget we have a busy docket today: ADP, Fed Chair Powell Testifies, JOLTs...and end of this week NFP!
Have a great day ahead,
Trade Journal
Key tip: Don't forget Risk Management!
Key Levels and US Market Review for the Asian session open 6/03A review of the price action from the European session and US sessions with bulls taking charge and pressing major indexes higher. Traders continue to focus on the global economy versus sticky/high inflation and at this stage data is pointing to a resilient US economy absorbing those higher prices due to inflation. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move up thanks to resilient economies so I continue to expect major swings in momentum up and down.
I look at some key levels to watch and the price action setups I expect to see play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Key Levels and Market overview into the Asian session openA look at the price action from the European and US sessions and what that may mean for the Asian session open. I look at some key levels to watch and the price action setups I expect to play out.
Markets covered :-
DOW
Nasdaq
DAX
FTSE
ASX200
Hang Seng
USD Index
Gold
Oil
Copper
Buying XPD at current swing lows.Palladium - Intraday - We look to Buy at 1755.1 (stop at 1729.2)
Short term bias has turned positive.
Levels below 1755 continue to attract buyers.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
We look to buy dips.
We are trading at oversold extremes.
Our profit targets will be 1819.8 and 1829.8
Resistance: 1800 / 1820 / 1830
Support: 1770 / 1755 / 1740
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