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3 Followers
Write a Squawk to alki
  • Squawk / Friday at 21:25 GMT
    Managing Director / Technical Research Limited
    New Zealand
    US stocks traded quietly on Friday ending the day – and the week – close to where they started.

    This bull market is the second longest since since WWII (see chart below)

    Bond yields and USDJPY declined a touch (in unison, as usual). USD was on the back foot as traders re-assessed the new “dot plot” for the fed funds rate (see chart). The three rate hikes projected for next year may not happen when President Trump makes new appointments to the Committee.

    Reducing the balance sheet will probably go ahead regardless, but the ECB and Bank of Japan will be filling the gap (see chart).

    Germany and New Zealand go to the polls this weekend. Both will emerge with coalition governments, but New Zealand’s could be left or right wing. As such NZDUSD is likely to trade actively when the local market opens Monday morning. See here https://www.tradingfloor.com/posts/nzdusd-primed-for-big-move-on-election-outcome-8951818
    Read the Squawk
    1d
    Patto Patto
    Bookmaker odds: National party (current government) $1.80 versus Labour party opposition $1.95
    1d
    Max McKegg Max McKegg
    It will be wily old Winston Peters who "Crowns" the Next Government, not Tonight's Election results per se, in all probability!
    13h
    Patto Patto
    You were right Max. The result shows that Winston Peter's NF First party can go with either National or Labour/Greens to form the next government. But National...
  • 1d
    Cesime Cesime
    Hi Alan, the problem can be Teresa May's speech, lately she is taking lessons from Mario
    1d
    AlanCollins AlanCollins
    You're right although I can't think that sh'ell be anything but bullish. Nonetheless we're close to our cutoff tiem anyway and aggregated positions should be showing marginal...
    1d
    Cesime Cesime
    agree
  • 2d
    Sotha Sotha
    Saxo's 1D chart is different from Bloomberg's 1D chart. So the daily close seems relative to me and the consequent patterns identified.
    1d
    Morris Morris
    Mate you are everything but an Elliott's Wave specialist. Mate stick to your AB=CD, Candle formations, channels and Fibs where you are good at. Until such time...
    1d
    Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
    Hi Morris. Thanks for the feedback. Elliott Wave analysis has never been at the forefront of my analysis. It is far too subjective with ‘experts’ adding in...
  • 2d
    alki alki
    Very carefully crafted, Alan, thanks a lot.
    2d
    Gbpaud Gbpaud
    Ops opsss
    2d
    AlanCollins AlanCollins
    Gbpaud , not sure what you mean. 1st profit target met. stop raised to break even for long balances. Not spectacular but a gain.
  • Trade view / Thursday at 1:51 GMT
    Short term
    /
    Sell

    Fourth wave selloff is a risk for EURUSD

    Managing Director / Technical Research Limited
    New Zealand
    A wave 4 correction is under way for EURUSD, with a potential head-and-shoulders pattern forming. Support is at 1.1840, and the downside potential is towards 1.1715 and 1.1590 over the coming days.
    Read the Trade View
    3d
    Sotha Sotha
    Thanks Max. I also see the support of a channel from 27.03 there also around the neck line levels. Interesting days ahead.
    1d
    Morris Morris
    Target: 50% at 1.1734 and 50% at 1.1616! Max some typos here! Wave 4 target is not from 23.6 to 38.2 of wave 3? And great wave...
    1d
    Max McKegg Max McKegg
    Mathematical inter-Wave relationships hint at developing 4th Wave Symmetrical Triangle.
    My Full analysis & Trading calls in Monday's FX trading report
  • 4d
    alki alki
    Good morning everyone... even if almost lunch time here (lol)...
    4d
    Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
    morning alki .. good luck today
  • 4d
    HaythamSabry HaythamSabry
    Hi Alan, got the name right this time :)). still recommending this trade or weak momentum?
    4d
    AlanCollins AlanCollins
    You're right about the weak momentum but still happy with trade - at least until lunchtime
    3d
    alki alki
    Well trading EURUSD today was painfully boring... yawn... LOL
  • Squawk / Monday at 17:13 GMT
    Hypothesis Testing
    United Kingdom
    I see Mark Carney is as usual saying to the World before his MPC last week and after the resulting meeting that the World is downplaying the BoE comments for base rate rises and that we should be paying more attention to his warnings. But only an hour ago his latest speech is weak and suggest very slow and gradual base rate rises and likewise ''some'' monetary stimulus withdrawal.

    http://www.bbc.co.uk/news/business-41307167

    This must be the only central bank governor who is remarkably inconsistent with his policies; his speeches and actions. The paucity of policy consistency and real market guidance which is accurate and enacted makes you question how and why did the UK hire him ?
    Read the Squawk
    5d
    Michael O'Neill Michael O'Neill
    That's why Canada traded him to the UK-Repayment for the leaky submarines you sold us
    5d
    fxtime fxtime
    LOL :-)
  • 5d
    alki alki
    Closed the trade for a 30 pips profit.
    5d
    Ian Coleman - First 4 Trading Ian Coleman - First 4 Trading
    On a day trade I would look to take profit here (0.8836)
  • Trade view / Monday at 5:35 GMT
    Short term
    /
    Buy

    Monitoring short-term chart pattern for EURUSD

    Managing Director / Technical Research Limited
    New Zealand
    There is a potential short-term bottoming pattern forming for EURUSD. There is support is at 1.1915, and resistance at 1.1985. A move above the 1.1985 resistance level would enable a possible rally towards 1.2130.
    Read the Trade View
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