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  • Squawk / 1 hour ago
    Trader, Analyst / Individual Trader
    WEEK 43 (24.10.2016 - 30.10.2016) [EURUSD][FUS500][USDJPY]

    Recent week brought further USD strength in almost all crosses, with EUR falling the most. I do not see any fundamental changes, FED to hike in December still on track. Other risk events:

    1. US election, temporary risk-off, base scenario is Clinton to win, which would give some relief for the markets

    2. Deutsche Bank, temporary risk-off, on 27th of October publications of quarterly results, possible negative outcome. However for the moment Deutsche meets CRD IV capital requirements. Sooner or later this topic should fade away.

    Short Term: Bullish
    Medium Term: 1.05
    Long Term: Bullish 1.20+

    Short Term: Bullish
    Medium Term: 2105-2110
    Long Term: Lower limit 1890

    Short Term: Bearish
    Medium Term: 101.30-40
    Long Term: Lower limit 98.60-70
    Read the Squawk
  • Squawk / Friday at 7:42 GMT
    Hypothesis Testing
    United Kingdom
    Following Wednesdays' promised for some;

    This applies to liquid continuous markets ONLY eg FOREX.

    A) Await first contra close end of day candle.
    Prior daily candles must display at least two continuous up days or down days. Ignore inside day candles for you could have three candles and the middle one is an inside candle and you should ignore that candle.
    B) Immediately open a trade in the direction of the contra candle
    C) Seek 45% of range of (A) above as profit target or if you prefer first profitable close.
    D) If LONG then use the low of (A) as your stop.
    E) If SHORT then use the high of (A) as your stop.

    For intraday use hourlies and profit target is first subsequent profitable close price.

    Obviously this can easilly be enhanced from the simplistic format above and merely seeks to catch any very short term change in momentum.
    Read the Squawk
    fxtime fxtime
    US500/SP500 being the Worlds largest market and is tradeable via globex periods works with the above....chart attached :-)
    fxtime fxtime
    Update on the chart described the last two points expected took approx a further 4hrs to gain. However the 45% of yesterdays range as my profit...
  • 4h
    Bipin123 Bipin123
    What is trend on monday going to be for eur_usd
  • Calendar event / Thursday at 14:00 GMT

    US Existing Home Sales

    Med Existing Sales
    Med Existing Sales, M/M%
    Med Unsold Homes Month's Supply
    Med Median Price (USD)
    Med Median Home Price, Y/Y%
  • 3d
    Peter Garnry Peter Garnry
    Please note that I will host an equity webinar later today at 11:30 GMT (13:30 CET), US Election: Signal vs. Noise, where I will discuss the US...