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The Market Is Teaming Up with Action And Trading Options

The Market is teaming up with action and trading options, following Friday’s better than expected NFP report adding (315,000) which sent the USD up momentarily until Fed Chair’ Jay Powell’s speech in which, Investors interpreted his usage of the words “patient” as an attribute to “forward guidance” to be a caveat. Thus moving to the EUR, AUD, and even the GBP and saw some increased activities. The DXY gives clear evidence of the fall down 0.25% at the time of print at 95.94 with its nose down towards 95.80.
Further, developments in a dialogue between the US & China to resolve the impending Trade Tension was welcomed by Global markets. Most of the Asian stocks climbed early Monday Asian Trading hours the sentiments were seen carrying the EU and likely the US up.
The Negotiations between the two economies also helped the comedies sector keeping WTI supported and increasing demand or sales for copper, aluminum and steel.
Furthermore, the TECH industry also found some respite. Facebook, Amazon, Netflix, Google, and various medical and pharmaceutical companies registered gains.
Global Markets:
Wall Street, is seen bullish today at the US open unless the US-China deal hits a snag.

Germany 30: By 08:00GMT it was spotted at 10,820.5 in a range of 10,797.2 -10,892.5 analysts think any breakouts to the upside would lead to 10,900 targets.
Italy 40: With the Italian budget accepted by the EC and cooler heads prevail share price rallied seen at 18,832.50 by the time of print 08:000GMT, coming from 18,780.00 and attempting to head to18,910 however the announcement of the Italian Public deficit report at 09:00GMT could lead to a temporal sell-off. Below the support levels.
UK100: The stocks were seen up 0.50% at 6,805 in a range from 6,762.0 – 6,820.0 downside movement is seen before correction in the late afternoon in the EU trading day.
US30: Was one the main gainers by the time of print it was at 23,499.5 up 0.45% and range bound 23,284.0-23,624.0 once again the downward drag maybe elusive in shadowing the uptrends.

Commodities:

Oil: Following a volatile week for Oil prices the week ended with oil saved around $48 bbl. Very close to the Friday’s prognosis. Baker Hughes reported a drop the number of operation Rigs while the expected drop in crude oil inventories of nearly 4.5 million barrels, disappointed market participants by coming in with a build of 0.7million barrels. The intention of Saudi to cut production kept prices in check to trade between 48. 10 -48.95, by the time of print 08:00GMT it was seen at 48.86 although bullish we expect down trends to be in play, making the up climb a frustrating one or to be capped around 49.80 for the day.
Gold: has claimed the title for the default hedging option. As mentioned in our previous post until the US-China and Brexit are addressed to a satisfactory extent. Investors are cautiously banking on the precious metal. Seen up 0.58% at 1,293.20 is a range bound from 1,284.15-1,295.00

FX Market:
As the USD loses a bit of its bravado, EUR and a basket of other currencies

EUR/USD: was seen at 1.1437 08:00 GMT heading for 1.1440if crossed 1.1450 could be the next resistance to be tested.
GBP/USD: the GBP was bullishly caught at 1.2749 heading to 1.2755 if crossed 1.2765 becomes the next target followed by a 1.2782. Whether a breach to the 1.29 levels becomes feasible before the January 15th parliamentary Brexit vote remains to be seen.
USD/JPY: The Decline in the USD could be seen in this pair, however, the USD remains resilient trading sideways between 108.03 – 108.63

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Related Links:
https://uk.investing.com/news/stock-market-news/ftse-flat-ahead-of-trade-talks-dunelm-lifts-midcaps-1418636
https://www.cnbc.com/2019/01/07/us-china-trade-beijing-says-both-sides-expressed-will-to-make-deal.html
https://blog.xtrade.com/homepage/the-first-market-weekend-of-2019-laced-with-faltering-optimism/

The First Market Weekend of 2019 Laced With Faltering Optimism

The First market weekend of 2019 laced with faltering optimism. Market participants hoping to book some profits ahead of the weekend laud to the economic events set to be released during the day. Amongst the deluge of reports is the UK’s HPI, EU Core PMI, US NFP, US Crude Oil Inventories, and Baker Hughes Rig count reports.

With The ADP report beating market expectation. Traders are under the impression that the NFP report will likewise be positive for the USD, Market participants are thus flocking to the USD, increasing demand appetite. Although the USD gains vs. the JPY the DXY which measure a basket of other majors against the USD was down 0.15% at the time of print 08:05GMT trading between 96.15 – 96.39. perhaps the reason why investors are still seeing Gold as an attractive means to hedge.

Global Markets:

Global Shares rose once again as news of China & the US negotiations is brought back to the table. EU markets took this as a positive sign.

Germany 30: Although bullish, standing at 10,531.5 at the time of print 08.05GMT the shares parade on familiar grounds between 10,393.2 -10,544.5 below yesterday’s resistance levels. The reason for this could be attributed to Market participants already pricing in disappointing economic indicators from the EU. Such us the (German Composite PMI. Etc.)
Italy 40: Was spotted at 18,322.50 by the time of print. With lows recorded at 18,165.00 and highs at 18,822.50 analysts are calling this a “Boomerang” as it may end up where it started the day. The median range should be around 18,458.00.
UK100: Shares were initially on fire before the disappointing Housing Price Index, (HPI) results were released. Share rose above the 6,700 levels for the first time in nearly a month to trade between 6,610.0 – 6,709.0.
US 30: Our prognosis from Yesterday Thursday, still stands share prices are unable to keep their heads above 23k. Likely to be ranging between 22,565.0 – 22,948.5. Although seen at 22,941 up 1.24% by the time of print. A quick run to 23k and back down would not be surprising around the release of the NFP report at 13:30 GMT.

Commodities:

Oil: Prices may tack on gains to finish the week on the upside. Tuesday’s API delivered yesterday revealed a drop of early 4.500million barrels in the US weekly oil stockpiles. Amid rumors that Saudi is cutting production further boosted WTI oil prices to close at 47.09. With the Crude oil inventories on tap, the expectation is for a surge to about 48.28 and further up if the report is supportive. A less favorable report will send prices down below 46bbl. However, trade talks send a ray of hope for Oil giants like BP.
Gold: Almost all projections have been manifested. The Gold prices crossed the 1,300 psychological level however lost steam to trade between 1,291.20 – 1,300.35 if prices drop below 1,2985 it could be a good buy signal while if it should climb above 1,305.80, it may trigger a sell-off. The market Uncertainties may push Gold prices to 1,320 by the middle of next week.

FX Market:

EUR/USD: The pair were spotted bullish early Friday EU open. At 1.1407 sport is at 1.1384 while resistance stands at 1.1420 when the reports in the EU fail EUR will recede perhaps to stand pat around (1.1395-1.1400).
GBP/USD: The GBP stretched its legs to highs of 1.2683 before giving up some gains to 1.2669 still a 0.30% up. Support for the day is noted around 1.2616. Brexit still weighs.
USD/JPY: The USD attempts to challenge the Yen after weeks of playing second fiddle to the JPY. Traders are on risk mode, buying into the USD ahead of the NFP report for the day.

Trading between 10752-108.45 by the time of print it was up 0.22% at 107.89

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Market Wounds Are Continuously Being Bruised

Market wounds are continuously being bruised. Apple Inc. was forced to cut its revenue outlook for upcoming Quarters on low iPhone demand in China, due to its legal stance against QUALCOMM, amid regulations and privacy scrutinized policies which pull US TECH and US30 stocks down with APPLE Stocks.
A day teaming up with economic data aimed at providing further insights into the strength of the USD. Buttressed with several Fed Members speeches which are going to add to the day’s volatility.
Asian stocks remained mixed, the pressure is on EU stocks which are also slipping as wall street resolute to the same dismal fate.
Global Markets:

US 30: Was subdued below the 23K for a while trading between22,881.0 – 23,116.0 it is likely going to be knee-jerking in reaction to the ISM, Jobless claims, ADP non-farm, and the API weekly stockpile reports. Any downward trend beyond 22,800 is a good buy while above 23,115 is for a good sell.
Germany 30: has also been confined to a range between 10,555.5 – 10, 454.8. down nearly 1.0% at the time of print.
Italy40: Stood tall amongst her peers. Trading up 0.67% at 18,327.50 and range bound between17,680.00 -18,340 meaning the trades are loopy at least for the first half of the EU Open.
UK100: Was seen trading between 6,614.0 – 6,672.5 by the time of print 06:30GMT it was down 0.36% at 6,625.8 Ahead of the day’s Construction PMI reports due for release, with the expectation of a surge to6,660 by midday before is frizzles.

Commodities:

Oil: Reaction to geopolitical tiffs amid announcement for further supply constraints up to 520 bbl. Got market participants excited prices climbed to 47.58 before pulling back. To trade between 45.38 – 46.33 In and out small gains.
Gold: After climbing slowly but surely to 1,292.80 by 06:30GMT and aiming to cross the 1,300 threshold Gold prices may slide momentarily, should the release of the day’s economic reports, succeeds to render support for the USD, Gold will stage a bold come

FX Market:

EUR/USD: was spotted at 1.1368 by the time of print attempting to head back to 1.1385. This asset is likely to swing in and out of gains from 1.1310 – 1.1385
GBP/USD: The pair is really feeling the crunch down 0.43% at 1.2555 market participants expect a rise to 1.2578. However, to range from1.2439 – 1.2611.
USD/JPY: The Yen rose considerably vs the US 106.85 at the time of print downward drag to the support levels of 105.01 is very possible, however, Analysts believe some swings to 107+ will be seen before mid-day.

Meanwhile, some take their chances with the crypto tokens.
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Related Links:
https://blog.xtrade.com/homepage/markets-breathe-the-dawn-of-the-new-year-yet-past-wounds-are-slow-to-heal/
https://www.investing.com/news/stock-market-news/european-shares-start-2019-deep-in-the-red-1734574

Markets Breathe The Dawn Of The New Year Yet Past Wounds Are Slow To Heal

Markets breathe the dawn of the new year, yet wounds past wounds are slow to heal.

The Chinese manufacturing sector is still plagued with slowdowns, even, the December report dubbed was as one of the gravest, one yet to hit China in recent years.

With the US-China tiffs unresolved, global growth concerns weighing and swelling US oil production keeping Oil prices in check to the downside amid a US government shut down or what is become known as the #TrumpStrike2. Market participants start the year on a cautious note however ready to take advantage of any short-term opportunity arising from the dialogue or lack of it.
Global Markets:

The Asian Market closed moderately low which is likely to be mimicked by the EU markets which were spotted shedding gains at fast. There remains a very high chance of “transferred sentiments” to the US market is very possible later today, precisely at the US Market Open.

US 30: slips from highs of 23,417.0 down 1.61% by 08:00GMT at 22,893.50 the expectation is for knee-jerking mode down or near support levels of 22,792.0 and upwards again.
Germany 30: Was spotted down at 10,438.5 by the time of print from highs of 10,696.5 heading down close to support levels of 10,380.50 with the most volatile movements logged between 10,451.5-10,481.25
Italy 40: Just when things when getting calmer following the acceptance of the Italian Budget by the EC, lack of confidence in the new ensuring government constellation or involving the 5-Star Movement and the League Party, has investors nervous which in turn is prompting EU and Italian stocks to sell off. By the time of print 08:00GMT had descended from 18,000 levels into the 17,000 thresholds oscillating between highs of 18,102.50 and lows of 17,680.00.
UK100: Lingers between 6,537.0 – 6,695.5 to the downside. By the time of print, it had lost 1.04% standing at 6,590. with an inclination to 6,540.

Commodities:

Oil: With Global supply outweighing Demand oil price are pinned down. WTI crude oil was seen trading down at 44.95.
Resistance levels set to 45.98 with support levels at 44.50. Analysts believe the trading day would be in a tight range volatile mostly between 44.96-45.15 for the early EU trading day.
Gold: So long as global uncertainties weigh some market participants have found it very prudent to stay with the safe havens. Seem trading up at 1,287.80 aiming for 1,290+ before midday GMT. While support levels remain at 1,280.90.

FX Market:

EUR/USD: The Dollar took its feet off the throttle allowing the EUR and other majors to flex. By the time of print, the pair stood at 1.1471 heading for 1.1497. it is it believed once reached a significant selloff to 1.1418 could be possible before any significant changes or trends are met later in the day.
GBP/USD: Though the GBP gains and shed profits is also sentimental driving so long as Brexit in on the table and global tensions remain high on some fronts. Trending is likely going to be between 1.2684 – 1.2776
USD/JPY: As safe-haven appeals to investors one of the most significant winners has been the JPY at the time of print heading from 109.73 down to 109.02 if breached 108.90 and beyond should be considered.

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Related Links:
https://uk.investing.com/news/economy-news/top-5-things-to-know-in-the-market-on-wednesday-1415481
https://blog.xtrade.com/homepage/the-market-is-on-frail-knees/

"A Trumponomic Tonic"Injection Was "Just Tariffic" For Markets

A “Trumponomic tonic” That was injected into the Markets had what could be perhaps referred to as a last minute ditch to end the tempestuous 2018 year on a positive note.
Following the US –Chinese attempts to resolve the tariffs impasse. President Trump on Saturday alerted market participants of a “Very good call” with President Xi Jinping. Although once again details remain obscure and the Chinese were more reserved revealing that they hoped the two strong economies could have met each other half-way in a compromise, Market participants took this as a positive antidote and that’s “just Tariffic” for now.
Global Markets:
Although most markets will be completely closed or having a short trading day due to a commemoration for the last day of the year or New Year’s Eve. Some Asian markets or non-EU markets will remain open. Even on Tuesday, the 1st of January. 2019
US 30: Has been one of the major benefactors which managed to crawl out of the 22k confinement. Trading up 0.82% at 23.225 by the time of print 08:00GMT. Attempting to breach resistance levels of 23,275 if crossed may make a run to 23,300 o very close to it.
Germany 30: Trading on most platforms on intraday will be close to impossible as the market is closed. However, those holding on to positions for the next two days may be in for a lovely surprise complete wipeout. As the asset swings between 10,408.2 -10,610.5, up 2.03% by the time of print.
Italy 40: As the Italian Budget is accepted and by the EC, and the Sino-US talks warmed up. The futures climbed from recent falls near 17,865.00. Up 1.32% at 18,220.00, resistance levels are set at 18,292.50 in a closed market.
UK100: The UK market closes for early today by 12:00pm GMT. Ahead of this the futures climb are oscillating between 6,660.0 -6,710. by the time of print 08:00 it was seen at 6,689.8 up 0.35% analyst believe it will recede to the support level and hope for a quick run back close to the resistance level.
Commodities:
Oil: Tries turned hawkish after prices dropped below the $45 bbl. However, heading into the new year gains some momentum. Opened at 45.34 and managed to reach 46.33 by the time of print 08:00GMT. It is expected to slide down perhaps to 46.00 before GMT mid-day before attempting to dash back to 46.38 and beyond if no negative dynamics befalls it.
Gold: Holds unto its safe haven status spotted at 1,283.05 trading sideways between 1,279.70 -1,283.30. However, an abrupt break out to 1,285.50 is attainable in the next few hours what happens thereafter will depend on the US open or boosts to the DXY
FX Market:
EUR/USD: The pair has been conforming to almost all of a previous prognosis surging past the 1.1410 targets to trade between 1.1422 -1.1450 swing in and out of gains.
GBP/USD: The GBP also intends to go into the new year with a bit of a smile even if Brexit weighs. Trading between lows of 1.2681 and highs of 1.2746 maybe pecking the 1.2750 level before easing by mid-day.
USD/JPY: Trails down from 110.48 -110.21 seen standing at 110.24 at the time of print it is believed the USD could slip further down perhaps 110.12 or beyond to flirt with 109.
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A Charged Trading Day Ahead, US Jobs and OIl Report On Tap.

A Charged trading day ahead meanwhile deciphering market trends becomes slightly elusive, scheduled reports from the US have either been delayed or totally brushed off partly due to the holiday celebrations which had most markets closed for two days. The US government shut down which drags on into day 7 may add to volatility which drives market sentiment as Investors wade through uncertainties.

Some economic calendars from Online retailers are not updated accordingly. Adding to the anxiety some traders are facing in anticipation of the release of Wednesdays ADP, Crude Oil inventories, and ISM reports. Others hint on the announcement of API’s weekly Oil stocks report shallowly, on the backdrop of Today’s NFP report.

Global Markets:
In relation to Thursday post, some stocks, Mostly the US, remained buoyant. Encouraging the Asia Stocks and finally EU stocks.

US 30: Surprised traders to close higher after a volatile trading session on Thursday. In pre-markets it is seen trading up 1.14% at 23,138.82 by 09:10GMT aiming for 23,200 cautiously. Unless Fed Chair’s speech today, he rubs market participants in an unfordable way.
Germany 30: Analysts are under the impression that Germany 30 could reach 10,570.00 and if not able to, will be restricted between (10,408.2 – 10,564.5)
Italy 40: Had already managed to tack on 1.48% by the time of print 09:10 GMT at 18,270.00 aiming for 18,300 albeit oscillating between (17,865.00 – 18,292.50).
UK100: Some analyst accredit the UK100 surge to Oil prices rebound which helped the share of some of the big Oil firms BP, Shell to name but two. Trading up 1.60% from 6,628.04 to 6,700.05 then, to swing between the day’s highs and lows.

Commodities:

Oil: The word from the American Petroleum Institute (API), concerning Tuesday’s weekly US Oil stockpiles is that it rose by 6.9 million barrels. Further insights from the EIA today at 18:00 GMT, would likely help Traders to overcome the limited fundamentals. Hopes that Oil supply is diminishing to support short-term rally is not supported.

Although rallied 3.5% from recent declines. The fact that, the US is seen adding more rigs, while Exxon continues drilling offshore in Guyana. WTI crude is up 2.11% today ahead of the crude inventories report and aiming to go from 45.30 – 46.25 and beyond should there be any supportive data if not we might see a plummet down to 44+ and by Monday 42+

Gold: Remains bullish likely to head to 1,286 by later EU markets session. Already up 0.05% at 1,280.45 by 09:10GMT technically set to trade between 1,276.65 – 1,284.55. However, since today is Friday a day for profit-taking Investors are playing it safe flocking to the Safe-heavens.

FX Market:

EUR/USD: The pair rose beyond our predictions Thursday above the 1.1410 hitting and sticking. Rising to close at 1.1429. With the DXY retreating the EUR climbed to 1.1473 before letting go of the throttle trading 0.37% at 1.1471 in a range from 1.1427 – 1.1473.
GBP/USD: Has chattered a path from 1.2635 – 1.2689 up 0.36% at 1.2689 which is the current resistance level. Some say it could touch the 1.27 mark today.
USD/JPY: The pair had a merry go round day on Thursday. Finally closing at 111.00 instead of the 110.50 predicted. However, by Asian open, the Yen had strengthened against the USD again down 0.55% at 110.39 and range bound between 110.23 – 111.03

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