Open Markets During Xmas

Please note that due to the upcoming holidays, the Trading Platform and Customer Support will not be available from Monday 24th 19:00 P.M until Wednesday 26th 06:00 A.M. Merry Christmas and Happy New year Trading Hours will be as follows:
Instruments Mon, Dec 24th Tue, Dec 25th Wed, Dec 26th
China shares, Shanghai 50, Shanghai Composite, Malaysia 70, Malaysia 100, South Korea 200, South Africa shares, Lead, Nickel, Aluminium, Zinc Shenzhen 500, China 50, China 200, China 600 Open Closed Closed
Australia shares, Australia indices, ETFs Gold, SPDR ASX 200, SPDR ASX 50 Early Close 03:00 Closed Closed
Hong Kong shares, Hong Kong 50 Early Close 04:00 Closed Closed
Singapore 100, MSCI Singapore Early Close 04:30 Closed Late open 06:00
Gilt Long Government, UK shares, Robusta Coffee, iShares FTSE Early Close 12:00 Closed Closed
UK 100, Europe 50, France shares, France 40, Netherlands shares, Netherlands 25, Portugal 20, Spain shares, Spain 35 Early Close 12:50 Closed Closed
Oil, Natural Gas, Gasoline, Heating Oil, Gold, Silver, Copper, Palladium, Platinum, US 5Y T-Note, US 10Y T-Note, US 30Y T-Note, US Dollar Index Early close 18:00 Closed Late open 06:00
Russell 2000, USA 30, US-Tech 100, Lumber, Corn, Soybean, Wheat Early close 18:00 Closed Late Open 15:00
Sugar, Cocoa, Coffee, Cotton, Orange Juice Early Close 18:00 Closed Late Open 13:00
Cannabis shares, US shares, Silver Trust, USO-Oil Fund, UNG-Gas Fund, OIH-Oil Service, SPDR Gold Trust, Commodity Index Fund, UltraShort S&P500, VXX Volatility, iBoxx Invest Grade, Direxion Financial Bear, UltraPro Short S&P, iShares South Korea, Direxion Energy Bull, 20+ Year Treasury, SPDR Dow Jones, MSCI Brazil, Dow Jones Dividend, Direxion Small Cap Bear, MSCI ACWI, VanEck Vectors Gold Early Close 18:00 Closed Open
Brent Oil Early Close 19:00 Closed Open
Germany shares, Germany 30, Germany 50, iShares DAX, Italy shares, Italy 40, Brazil shares, Brazil 365, Hungary shares, Austria 20, Finland shares, Sweden shares, Sweden 30, Denmark shares, Denmark 20, Norway shares, Norway 25, 10Y Euro-Bund, Greece 20, Japan shares, AsiaTop 40, Switzerland shares, Swiss 20 Closed Closed Closed

Who is Ho “Ho-ing” the Market? A Day To Christmas

Who is Ho “Ho-ing” the Market? A day to Christmas and the US government is closed. President Trump demands $ 5 billion to build the wall between Mexico and the US border. The Democrats claim it’s an exuberant sum and seek to negotiate somewhere between $1.6 – 5 billion. Meanwhile, US stocks plummet while a group of major currencies stands resilient against the USD.  Namely, the EUR, GBP, CHF, AUD, and the JPY all extended gains despite the DXY ranging in the upside of 96. between 96.60 – 96.94.
The USD was bolstered by last week’s rate hike, however, since market participants had already priced in the actions, up-flight was not sustained, especially with dovish forward guidance from the Fed on future rate hikes.
Global Markets:
Global stocks are not feeling the holiday vibes. Asian stocks felt the strain brought on by the US-China Trade stand-off.
US 30: With the US government executive shut down and over 380,000 on “furlough” and another 400,000 facing layoffs the DJIA, US30 is in a downward spiral. Sliding 4,000 pips to trade between 22,291.0 – 22,572.0 perhaps attempting to regain some grounds today.
Germany 30: Following earlier efforts to stay afloat in a closed market the asset is seen contracting between 10,487.0 – 10,649.5.
Italy 40: The Italian bourse is also closed for Christmas Eve celebrations and untradeable on most platforms however spotted trending down 2.50% at the time of print 09:09 GMT. Between 18,415.00 – 18,100.00 and perhaps lower. With expected gaps when the market resumes fully next year.
UK100: The uncertainties in the US amid Brexit is not doing the UK stocks any justice. Trading from 6,689.48 down to 6,659.50.
Commodities:
Oil: News of OPEC + agreeing to cut Oil by 1.2 million barrels daily encouraged investor sentiments momentarily, however it did not hold water as factoring into the equation the diminish demand prospects while the US continues to amass shale Oil sent prices down from 46.22 down to 45.76 at the time of print. A further downside to 45.20 may be visible by US open before any corrections sink in. Effectively plunging Oil into a bear market. As sanction on Irian Oil which would have added to supply limitations in not as restrictive as market participants had forecasted.
Gold: In General Gold prices have climbed nearly 5% in the past week as trades wade through the perilous market conditions other are simply hedging or straight out, investing in GOLD. Ranging from 1,260.50 – 1,268.55 and likely to hit the 1,270 as most markets close for the Christmas holidays.
Currencies:
EUR/USD: The pair was spotted trading up at 1.1393 by 08:05 GMT from lows of 1.1360 to highs of 1.1399 possibly breaching the 1.14 levels to 1.1420
GBP/USD: Is knee jerking up occasionally trading sideways in 30minutes intervals. However, trading from lows of 1.2641 up 0.10% at 1.2658 and aiming for 1.2685. As the USD takes a breather.
USD/JPY: The pair is acting like a boogie trap sliding down from 111.18 towards 110.90 volatile between 110.98 -111.08.
Cryptocurrencies:
Although the Crypto arena’s volatility is far from slowing and in relation to Friday’s post, Market participants are taking turns playing touch with various tokens. Most of the major coins are up on average of 4.6%
BTC/USD Trades up 2.58% at 4,243.7 from lows of 4,033 and trying to get back to 4,384.0.
ETH/USD: rallied 7.50% trading from 128.50 to 147.35 and aiming to shoot back up to 157.45
 
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Related Links:
https://edition.cnn.com/2018/12/23/investing/stocks-week-ahead-recession-dow/index.html
https://finance.yahoo.com/news/asian-shares-mixed-us-partial-shutdown-wall-street-064637259–finance.html
https://uk.investing.com/news/stock-market-news/ftse-100-falls-as-us-uncertainty-weighs-1411822
https://www.cnbc.com/2018/12/24/oil-markets-global-crude-supply-in-focus.html
https://www.cnbc.com/2018/12/24/gold-markets-us-politics-dollar-in-focus.html

The Aftermath of the US Fed Rate Hike Into Christmas.

The US Fed rate hike’s aftermath is still murky as a commemoration of the last Friday before Christmas is upon us. #SantaRally is very late and perhaps over before it began. Meaning almost all online retail shops are bearish and indices battered. Market participants are looking at the deluge of economic event lacing the calendar for clues in a day that is usually set for profit-taking ahead of the weekend. The UK and US are due to report on their GDP for the year. YOY. The United attack on China from the US and its allies for its cyber espionage escapes hits Chinese stock hard to resonate across global stocks.
Despite the USD being challenged by other majors. The DXY reveals uptrends in a close range between 96.25 – 96.55
Global Markets:
Global stocks failed to rally as growth worries elude investors sentiments. Asian Markets closed in negative territory. The Domino effect will impact the EU markets to trend bearishly with no hope for wall street to climb as President Trump ups his antics to shut down the government if it does not get funding for the Mexican Border wall.
US 30: At the time of print 08:08GMT was seen kicking between 22,644.31 – 23,282.20 in premarket at 22,859.60 with a potential of dropping another 50- 80pips.
Germany 30: Hit by the wave of contraction it too drops from 10,615.50 to 10,540.50 down 0.56% it is expected to drop to 10,512 by Mid-day GMT and perhaps further down by US open
Italy 40: Was captured at 18,357.50 from highs of 18,415.00 heading to 18,252.00 and beyond.
UK100: Amid Brexit, and release of the day’s reports, it seems the asset is hammered in between 6,685.75 – 6,734.00.
Commodities:
Oil: Prices are being funny, to say the least highly charged with US shale and demand constraints at an oversupplied market prices are pressured down. Ahead of the Day’s Rig count by Baker Hughes and the release of the US GDP Oil was mildly bullish. However, by mid-day GMT prices to likely to reverse downward. At the time of print 08:05GMT WTI was 46.45 up 1.05% with resistance at 46.77and support at 46.13. This support is likely to be breached to 45.95.
Gold: After surging to highs of 1,266.15 prices frizzle ahead of the US GDP by the time of print it was up 0.02% at 1,264.75 the anticipation is for a downtrend to 1,255+
Currencies:
EUR/USD: Even by earlier EU open the EUR was still challenging the USD at 1.1442. Trading between1.1412 – 1.1474 downside movement of the EUR is expected in later afternoon as no news supports it.
GBP/USD: GBP tacks on some gains ahead of the UK’S GDP and other reports, standing at 1.2683 at print, with highs set at 1.2697 and lows at 1.2645 the pair is likely to trade in the comfort Zone all day jumping in and out of gains.
USD/JPY: Although the DXY strengthens The USD was unable to rally against the JPY which seems to have been the benefactor of all the commotions surrounding global growth trading sideways between 111.06-111.20 with highs set at 112.60 and lows at 110.81.
Cryptocurrencies:
After the Crypto bubble has imploded what’s next for investors? With a net market cap of nearly $10Trillion, this market is not going to die a sudden death the good news for all those Holding on. Meanwhile with a fragile market threatened with a possible recession. Investors are reconsidering their positions flocking back to the various tokens. Either to hedge or right out investing in them as their values have plummeted almost 98% across all token.
BTC/USD is trading between 4,020.0 – 4,300.0 out of the below 3.500 levels where it was stuck for a while.
For further details, please visit Xtrade.com. You may also leave your comments below.

Related Links:
https://uk.investing.com/news/stock-market-news/uk-shares-fall-as-wall-street-rout-spreads-gloom-1410902
https://uk.investing.com/news/commodities-news/oil-prices-continue-to-decline-as-buying-from-increased-opec-cuts-fades-1410914

https://www.cnbc.com/2018/12/21/china-hacker-accusations-us-teams-with-allies-to-counter-cyber-threat.html

https://www.cnbc.com/2018/12/20/worst-is-yet-to-come-for-stock-sell-off-as-nasdaq-dips-into-bear-market-territory—strategists-.html?recirc=taboolainternal

 

 

 

US Interest Rate Decison Leaves Markets In Daze

The Fed Rate hike leaves Markets in a daze. As per predictions the Fed’s actions of hiking rates by 0.25% to 2.50% although viewed by many as the best decision in light of intended interference from president Trump and turn of affairs in global growth. The forward guidance turned out to be too predictive pointing to a stalemate in stimulating growth.
Market participants abandoned the Greenback (USD) in search of more fluid options. While others turn to some of the safe-havens like the JPY, CHF, not including GOLD today. Others turned to non-Fiat meaning Cryptocurrencies will be likely surging between 2%-4% on almost all tokens and coins, which have already fallen 98% in recent times.
Global Markets:
Global markets are in depression following the hyped up US Fed Rate Hike Wednesday. Most investors believe the USD has temporally been shot in the hip with a quasi-projection to future rate hikes.
US 30: Lost its tedious uptrend dropping from 24,058 to 23,323.66 and trying to break support levels of 23,162.64
Germany 30: Was at 10,627.2 at the time of print nose-diving to 10,551.0 from highs of 10,774.0
Italy 40: Was reportedly seen at 18,540.00 down 2.26% from 18,825 further downsides to 18,485 could be very possible by mid-day.
UK100: Acted as predicted, Wednesday before slipping, 1.16% by the time of print 07:20GMT from ups of 6,691.75, heading to possible lows of 6,644.50 with lags around (6,685.00-6,688.00).
Commodities:
Oil: With more US Shale oil in a glutted market, prices slipped from the over-exaggerated climb Wednesday as some investors tried to turn a disappointing report into a positive story rising to 48.17 before settling between 47.51 and 46.02 possible downside to 45.50 is possible. until some more investors realize its still a safe heave and race back to it, moving prices back up to 1,265.00 or more
Gold: Swung between 1,245.50-1,253.70 downside to 1,242.00 is very possible.
Currencies: 
EUR/USD: The pair continues to stand firm attempting to head to 1.1495 from 1.1372
GBP/USD: GBP hopes to recoup some of the losses from yesterday’s lows of 1.2607 to highs of 1.2720.
USD/JPY: Meanwhile the USD loss favor to the JPY. dropping from 112.60 to 111.81 at the time of print 07:28 GMT and heading to lows of 111.65
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Related Links:
https://www.cnbc.com/2018/12/20/federal-reserve-in-sweet-spot-to-hike-rates-to-neutral-robert-heller.html
https://www.cnbc.com/2018/12/20/trade-war-finance-execs-less-confident-on-china-economy-deloitte.html
https://www.cnbc.com/2018/12/19/fed-delivers-.html
 
 
 

Fed Rate Hike & Oil Inventories Drives Market

It’s all about the Fed Rate Hike and Oil today. Among the high impact economic reports due for the day from the UK’s Consumer Price Index CPI, US Existing Home Sales, there are two other highly anticipated ones, i.e.  The FOMC’ Fed Interest rate decision at 19:00 GMT followed by the Press meeting at 19:30 GMT which is likely to set the pace for the near future trends. The tone is also going to reveal just how much influence President Trump’s criticism or warnings against quick successions of rate hikes impact the Fed’s considerations. Inevitably higher rates contribute to making the USD too strong.
The anticipation is to raise rates from 2.25% to 2.50% an increase of 25 basis point. Currently, only 68.9% of market participants believe rate would be hiked a drop from 80% where it stood for a while.
Wednesday’s Crude oil inventories from the EIA is also on tap. Yesterday, the API reported a build of 3.450million barrels the news did not fare well in an already oil saturated market causing prices to plummet to close at 46.60 earlier at EU market open it fell 0.09% before gaining momentum.
Oil: Is likely going to pick up till the report is released at 15:30 GMT.  At least to 46.97 then 47.15 before losing ground depending also on the rate hike.
Gold: Is being used as a hedge today however remains volatile between 1,249.40 – 1,255.30.
US 30: will likely is also likely to play on the Fed rate decision climbing now to 23, 779.50 then to 23,885
Global Markets:
Markets are trying to have a run before the US releases it rate decision. A high dollar market trading against the USD expensive which could weigh on stocks and pushing Emerging Markets to the brink.

  • US 30: Is to be seen ranging from 23,563.0 – 23,826.5 any breach up or down this would come as a reaction to the rate hike. likely to play on the Fed rate decision to climbing towards 23,779.50 and then maybe to 23,885.
  • Germany 30: Bullish at the EU open up 0.47% at the time of print 10:00GMT and traveling from10,749.33 – 10,799.06 hoping to take on gains for profit taking.
  • Italy 40: Was spotted 0.84% up to trade from 18,450.00 – 18,880.00 ahead of the day’s events. Jubilating, over the EU’s acceptance of the Italian budget.
  • UK100: Even the FTSE 100 forgot about its Brexit pains to recoup some losses. Upside to 6,765.80 if breached upside to 6,774 may be possible before knee-jerking set in.

Commodities:

  • Oil: Is likely going to pick up till the report is released at 15:30 GMT. At least to 46.97 then 47.15 before losing ground depending also on the rate hike.
  • Gold: Is being used as a hedge today however remains volatile between 1,249.40 – 1,255.30.

For further details, please visit Xtrade.com. You may also leave your comments below.

Related Links:
https://uk.investing.com/news/politics-news/in-nodeal-brexit-eu-would-keep-trade-flowing-for-limited-time-1409200
https://www.cnbc.com/2018/12/19/italy-and-eu-reach-budget-deal.html
https://www.cnbc.com/2018/12/18/fed-expected-to-move-forward-with-rate-hike-despite-trumps-scolding.html

"#SantaRally" Is A No-Show, Markets Are Still In The Woods

The Market is still not out of the woods. Perhaps #SantaRally may just not come this Christmas, as per Monday’s Post, global growth concerns amid Brexit and Oil dynamics plagues on the sentiments of worn out market participants. Following a “Bloody Monday session. Almost all online shops remain dovish.
Nonetheless, Daytraders are becoming apt at developing short-term strategies to filter through the “Noise” meanwhile long-term prognosis remains murkier as long as global uncertainties weigh across all asset classes.
Safe-havens (CHF, JPY & GOLD) are looking blissful, attracting investors who wish to hedge their positions.
Ahead of the day’s economic data releases from the German Business Climate, US Building permits, RBA meeting minutes and Tuesday’s weekly API US oil stockpile report the markets are volatile with most assets in the comfort zone as per the RSI trading in bearish territory.
Global Markets:
Markets are hopelessly down trotting. However, investors are counting on corrections up for most of the stocks in the EU and US session following a bearish session in Asia.

  • US 30: Was unable to climb to 24,200 as projected yesterday hit by declining tech stocks the shares dropped to their lowest in over 14 months. Closing at 23,685, traders are hopeful for a small correction today, which could be seen manifesting. likely to trade between 23,669.0 – 23,820.0
  • Germany 30: closed lower at 10,772.2 Monday. Today attempting to shake off the negativity trading from 10,713.28 – 10,830.50.
  • Italy 40: Recovers from its hits opening at 18,467.50 below its previous close of 18,721.00. despite up trending at the time of print 09:00 to 18,552.50 upside movement is seen limited to 18,690.00 with knee-jerks expected.
  • UK100: Was further struck down to range between 6,712.34 – 6,750.75 ASOS share prices plummeted yesterday alerting to a perhaps low key Christmas shopping undertones.

FX Markets:

  • EUR/USD: With The USD sliding head of the Fed rate hike tomorrow Wednesday 19th December, The EUR climbs 0.25% vs the US at 1.1375 from lows of 1.1337 and heading to 1.1384.
  • GBP/USD: GBP managed to come off lows at 1.25 crossing over, up 0.20% trading between 1.2611-1.2662
  • USD/JPY: The pair continued to trade sideways dropping below the 113.30 by the time of print the JPY had gained more traction heading to 112.40 from 112.80

Commodities:

  • Oil: Despite supply disruptions by some oil producers and intended cuts by OPEC+ The US shale production is not slowing down. Oil prices did not recover. Ahead of the API prices fell to close 50.20. However, slid even more to 48.15 and set to range up to 49.89, whether further upside could be seen remains to be determined by the stockpile levels. A further downside is probably the mode. of the day likely touching the upper side of 47.99.
  • Gold: Is back investors favorite safe-haven rally towards previously resistance levels. Today aiming to breach the 1,253.70 resistance level perhaps just to touch the 1,254 levels from 1,249.00 ranging up and down 100-150 pips. If the US data beat market expectations we could see GOLD suck in a range just around 1,250.50 -1251.99

 For further details, please visit Xtrade.com. You may also leave your comments below.
Related Links:
https://uk.investing.com/news/economy-news/top-5-things-to-know-in-the-market-on-tuesday-1408211
https://www.cnbc.com/2018/12/17/plans-to-break-the-current-brexit-impasse-could-land-theresa-may-in-even-deeper-trouble.html
https://www.reuters.com/article/us-global-oil/oil-drops-4-percent-on-oversupply-equities-sell-off-idUSKBN1OH03J?il=0