Markets Smile As Hopes May, Be Overshadowing Facts

By Kenneth@Xtrade - on February 13, 2019

Markets Smile, as hopes may be overshadowing facts!

Wednesday market participants woke to a thriving market with green registered across all boards except in China where most shares were denoted in Red which is their sign of positivity.

 However, with a very heavy Financial calendar, loaded with economic data for the UK, and US delivery from the demand side as in the Core Consumer Price Index. CPI, HPI, and PPI’s  

Traders are bracing for more downside movement on the GBP as Brexit grips investors with more uncertainties. With a possible delayed twist to next month’s final exit of Britain from the EU with no deal.

The US is also bound to release a throng of economic data similar to the UK’s amid the day’s weekly crude oil inventories report. More Fed talks, the announcement of Q4 earnings reports from some 134 firms, including CEVA, CSCO, DISH, REG, Mostly, from companies in the hospitality, communication and energy sectors will populate the earning due for today.

BOE’s Governor Mark Carney’s speech yesterday did not provide much comfort for traders, in it, nothing extraordinarily, new was put across the table.

Investors will also be paying attention to The International Energy Agency (IEA’s) Monthly Oil Market Report. for an in-depth dose of the things ailing the Oil market. As the OPEC Monthly report left some details out.  Despite a surge in the US oil drilling activities the crisis in Venezuela and sanction on Iran are contributing to the underlining cost of production for some of OPEC and OPEC + members.

Global Markets:

Global Stocks: Were seen boosted by the encouraging sentiments emerging from the two largest economies US and China. On Tuesday our summations were founded as all targeted projections were reached.

  • US30: Shot up 0.19% from its open at 25,405. 5 at 25,455.5 at the time of print. 10:35 GMT. Aiming for the current resistance levels of 25,533.0
  • UK100: Was also bullish up 0.32% trading between 7,083.7 – 7,114.7 break outs from these thresholds maybe very limited if at all. 
  • Italy 40: Surprise, surprise!   the FTSE MIB did cross the 19,800 mark as we forecasted opening from 19,880.00 up 0.64% at the time of print with support levels set at 19,832.50 and resistance for the day at 19,980. 
  • Germany 30: Is likely going to be trading in a range from between 11,118.8 – 11,217.5 A dismal EU industrial production report could upset the uptrends seen yesterday.

Commodities:

As Market participants await the reports of the IEA, and EIA on the status of oil. Some traders choose to exploit the status quo in some short dated profit taking sizzling around Venezuela’s plight and OPEC’s Monthly report which suggest demand constraints in 2020.

  • Oil: WTI was up 1.13% at 53.70 trading in a relatively tight zone between 53.33 – 53.80.
  • Gold: As per observation the precious metal has been swinging in a wide range from 1,308.00 to 1,319.00 however today the range may be a bit tight ranging between 1,312.85 – 1,317.55.
  • Silver: Follows Gold to a degree trading between 15.662 – 15.748.

FX Market:

The USD maintains dominance

  • GBP/USD: Analysts are under the assumption from recent metrics that any significant upside movement by the GBP should conjure plans for a quick SELL. Trading from 1.2925 down to 1.2878 and heading to 1.2875 before any corrections are met to the upside.
  • EUR/USD: Pair is also going to be strained today, from the day resistance level of 1.1345 market participants are expecting further downside maybe to 1.1312 the current support.
  • USD/JPY: The USD keeps tacking on gains up 0.18% at the time of print at 110.6the expectation is for another climb back to 110.80 even 110.90 could be realized.

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Ustedes son una farsa que solo tienen como interés es arrbatarnos nuestros pocos ahorros y cuando más se necesita de ustedes, desaparecen cuando uno los contacta por correo te llaman solo para pedirte más dinero y no para tratar de salir adelante. De los 1.058 dolares que me hicieron poner solo quede con 16 dolares y una deuda tremenda en el banco.Cero confianza y por ningún motivo recomendable. Hacen bien su negocio. Despojar del dinero a los que creímos en un momento de desesperación en ustedes. Actualmente continuo sin trajo, sin plata y grcias a ustedes en el boletín comercial el cual me cierra ha un más la pocibilidad de encontrar trabajo.

by DANIEL CORDERO at 2019-02-13 13:37:53

Por favor perdonelo en español. Hola Daniel, Gracias por tus comentarios. Se disculpa por cualquier experiencia desagradable que pueda haber tenido con nosotros, Xtrade es una gran empresa con varios departamentos. Como ustedes saben, o se les dijo. El comercio implica riesgos. Algunos son rentables y otros pueden no deberse a una larga lista de cómo realizan sus operaciones.Por favor envíe sus quejas a la dirección correcta. Ya sea a través de su administrador de cuentas o a través de nuestro departamento de soporte y quejas. Desafortunadamente, aquí estamos decididos y enfocados en brindarles a nuestros valiosos clientes: comerciantes, inversionistas, información oportuna de lo que sucede en el mercado para que usted y todos los demás puedan tomar decisiones estratégicas mejor informadas.Disculpe si suena como si te estuviera quitando el pelo. Sin embargo, su declaración aquí no es útil ya que no puedo ayudarlo. No está bajo mi alcance. Aquí podemos ayudar con comentarios educativos y cuestiones sobre el blog. En segundo lugar, las declaraciones que transmite son declaraciones muy generales que no reflejan el modelo de negocio para el cual la empresa está regulada y con licencia.Por favor, póngase en contacto con nuestro equipo de soporte. Muchas veces se trata de que usted simplemente se asegure de que todos sus documentos estén actualizados, y de que todas las preguntas que puedan alertar sobre el lavado de dinero ALD estén satisfechas.Te valoramos y te respetamos. Esperamos que aprenda a hacer lo mismo y tome las medidas adecuadas para reclamar sus fondos si su cuenta está en orden.Atentamente KennethHi Daniel, Thank you for your comments. Apologizes for any unpleasant experience you may have had with us, Xtrade is a big company with several departments. As you know, or were told. Trading involves risks. Some are profitable, and others may not be due to a long list of how they go about their trading.Please send your complaints to the correct address. Either via your Account Manager or through our support and complaints department. Unfortunately here we are determined and focused on bringing, our valued clients: Traders, investors timely insights of what is going on in the market so that you and everyone else could make better, informed strategic decisions.Excuse me if it sounds like am brushing you off. However, your statement here is not helpful as I can not assist you. It's not under my scope. Here we can assist with educational comments and issues about the blog. Secondly, the statements you put across is a very general statement which does not reflect the business model to which the company is regulated and licensed to do.So please contact our support team. Many times its an issue of you merely making sure that all your documents are up to date, and all questions that may raise flags of AML anti-money laundering are satisfied.We value and respect you. We hope you learn to do likewise and take the proper steps to reclaim your funds if your account is in order.Best regards Kenneth

by Kenneth@Xtrade at 2019-02-14 09:46:01