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Squawk / Yesterday at 12:55 GMTmy followers can contact me on whats app for future market view and trading signal +919899993052 or visit my website for daily market view, www.fxlive.in
Squawk / Monday at 6:54 GMTWith Oil, Keep Looking at Trade Data and Newsby Stephen Pope
WTI boosted by two clear driving forces, trade and supply
Any recovery in trade relations between the U.S. and China not until end of January
The decline in operating oil rigs in the U.S. will be reversed
Selling will be the early form after a 3% gain on Friday
See the full article here: https://www.fxexplained.co.uk/forex-articles/fundamental-and-macroeconomic-analysis/with-oil-keep-looking-at-trade-data-and-news/
Squawk / Sunday at 19:19 GMTHello,
New week news startegies, confused about which way market moves? gold will rise or fsll, euro, gbp will risr along or go against? Brexit impact still reflecting pound? All your questions will answer at one place...
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Squawk / Thursday at 8:05 GMTUSDCAD bull trend neutralised; USDJPY indecisive
A more aggressive selloff for the USDCAD Forex rate into mid-January, as we had flagged, was assisted by a rebound in the Oil price (benefiting the Canadian Dollar) and has pushed through some notable USDCAD support levels (see below).
This has shifted the intermediate-term outlook for USDCAD from bullish to neutral, with asymmetrical risks towards an intermediate-term shift to bearish.
As expected, the USDJPY currency pair continued the rebound since the “flash crash” that started the year, to push above the 108.90 level, which neutralised the intermediate-term bearish outlook, to set a broader range theme into the second half of January.
See the full article and video analysis here: https://www.forextraders.com/forex-charts/technical-analysis/usdcad-bull-trend-neutralised-usdjpy-indecisive/
Calendar event / 16 January 2019 at 15:30 GMT
US EIA Weekly Petroleum Status ReportpreviousforecastactualHigh Crude Oil Stocks, Net Chg (Bbl)-1.68M-2M-2.683MHigh Gasoline Stocks, Net Chg (Bbl)+8.066M+2.3M+7.503MHigh Distillate Stocks, Net Chg (Bbl)+10.611M+0.9M+2.967MMed Crude Oil Stocks (Bbl)439.738M437.055MMed Gasoline Stocks (Bbl)248.062M255.565MMed Distillate Stocks (Bbl)140.042M143.009MMed Refinery Usage96.1%95.4%94.6%Med Total Prod Supplied (Bbl/day)19.764M20.864MMed Total Prod Supplied, Net Chg (Bbl/day)+0.708M+1.1M
Calendar event / 15 January 2019 at 21:30 GMT
US API Weekly Statistical BulletinpreviousforecastactualMed Gasoline Stocks, Net Chg (Bbls)+5.5M+6MMed Distillate Stocks, Net Chg (Bbls)+10.2M+3.2MMed Crude Stocks, Net Chg (Bbls)-6.1M-0.6M
Squawk / 15 January 2019 at 6:34 GMTElliott wave Analysis: Crude oil and EURGBP Update by Gregor Horvat
On energy we see price recovering in an impulsive manner, ideally unfolding a bigger three-wave reversal.
With current rally from the 42.46 level comes an indication that a low had been put in place for a former higher degree wave A and that a bigger black wave B correction can be in the making. In such case, a five-wave rally for sub-wave A of B can now be in development which can later look for resistance and a turn into a minor sub-wave B correction near the 55.30 area (area of Fibonacci projection zone of 261.8).
That said, now we are tracking minor wave 4) of A, which can look for support around the Fibonacci projection zone of 38.2 and 50.0.
See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/elliott-wave-analysis-crude-oil-and-eurgbp-update/
Squawk / 14 January 2019 at 8:24 GMTUSDCAD poised for an intermediate-term bear shift; USDJPY neutral
A broadly more negative tone for the US Dollar has been seen in early 2019, given a more dovish tone from FOMC Members, including the Fed Chairman, Jerome Powell.
Furthermore, a global shift to “risk on” has also been seen in early January, with easing trade war concerns.
The above macroeconomic fundamental shifts, alongside a firm rebound in the Oil price (after aggressive weakness in Q4 2018) has seen USDCAD plunge lower, to neutralise an intermediate-term bull trend and threaten an intermediate-term shift to bearish (see below).
USDJPY did seem an aggressive selloff to start the year with a “risk off flash crash”, but the strong subsequent rebound has seen an intermediate-term shift back to a neutral, broader range environment.
See the full article and video analysis here: https://www.forexfraud.com/technical-analysis/usdcad-poised-for-an-intermediate-term-bear-shift-usdjpy-neutral
Calendar event / 09 January 2019 at 15:30 GMT
US EIA Weekly Petroleum Status ReportpreviousforecastactualHigh Crude Oil Stocks, Net Chg (Bbl)+0.007M-1.8M-1.68MHigh Gasoline Stocks, Net Chg (Bbl)+6.89M+2.2M+8.066MHigh Distillate Stocks, Net Chg (Bbl)+9.529M+1.2M+10.611MMed Crude Oil Stocks (Bbl)441.418M439.738MMed Gasoline Stocks (Bbl)239.996M248.062MMed Distillate Stocks (Bbl)129.431M140.042MMed Refinery Usage97.2%96.7%96.1%Med Total Prod Supplied (Bbl/day)19.056M19.764MMed Total Prod Supplied, Net Chg (Bbl/day)-1.685M+0.708M
Squawk / 08 January 2019 at 17:40 GMTElliott wave Analysis: GBPUSD and Crude oil Intraday View by Gregor Horvat
GBPUSD made a five-wave rally from the 1.240 level, and ended it with an EW ending diagonal at the 1.28 level. Current intra-day drop that we see from the highs, can be part of an unfolding a-b-c correction, which can look for support and a bounce near the 1.261/1.255 region.
See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/elliott-wave-analysis-gbpusd-and-crude-oil-intra-day-view/