A Remarkable ComeBack For US Stocks Dies Prematurely Or Not

A remarkable comeback following the Xmas rout which saw the Dow Jones aka (US30) drop 1086 pips a whopping 4.9%, was followed by an18 hour Post-Christmas rally.
Almost all the FAANG stocks rallied after Amazon announced its “record-breaking” holiday sessions sales. Apple Inc. was noted up 7%. As most of the Tech industry. However, with the US in its 6th day of the government shut down, manufactures and Investors are wary of the prospects.
Global Markets:
Global Markets are still walking on eggshells. In fact, most are unable to keep out of the bearish zone for prolonged periods of time. Naturally, for some Traders, this is very disruptive. While others adhere to momentum trading and scalping in shorter intervals of between 30minutes to 4hours.

  • US 30: After the dramatic pre-Christmas rout. Boxing day gave a combative move to the asset to regain most of its losses. However, at EU open the US 30 was seen plummeting down 0.33% at 22,795.50 coming from highs of 23,025.45. It is likely, it may lose at least 200 pips to 22,490 by the US open. Only to be helped by a better than expected economic data release due on the economic calendar.
  • Germany 30: After a short correction. Which brought the asset to trade at 10,697 before showing signs of reversing. By the time of print 07:40 GMT it was up 1.49% at 10,656.0 it is expected to breach current support levels of 10,576.50 to perhaps 10,420 before reconsidering another sustained direction.
  • Italy 40: Had indicated intentions to downtrend. Down 2.80% from 18,415.00 at 18,125.00 aiming for 18,100 after which 17,900 becomes the next support.
  • UK100: Doesn’t feel hawkish today. Spotted at 6,685.99 down 0.52% by 07:40GMT and poised to trade between 6,727.51-6,641.98

Commodities:

  • Oil: The API for Tuesday was delayed today giving a breather to spread betters for some profit-taking on WTI after prices fell to 42.59. They managed to recover losses back to close the day at 46.61 by the time of print it stood at 45.87 down 1.74% with the expectation of a drop to at least 45.45 after which 44.90.
  • Gold: Is shining, so long as the USD slides or uncertainties weigh. Up 0.13% at 1,271.40 and to rally to 1,277 +

FX Market:

  • EUR/USD: The pair managed to climb to the 1.14 psychological mark. Before fizzling. However, with the DXY down. The expectation is for the EUR to gain more grounds before the US begins to release its economic reports on Existing Home Sales and other. Ranging from 1.1353 – 1.1401 maybe 1.1410 could be a hit and run.
  • GBP/USD: The pair is capricious showing signs of resilience. The path seems paved between 1.2624 – 1.2668.
  • USD/JPY: Spotted down 0.29% at 111.05 the Yen is expected to consolidate against the USD at least to 110.50 at the close of EU markets.

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Related Links:
https://uk.investing.com/news/economy-news/top-5-things-to-know-in-the-market-on-thursday-1413027
https://uk.investing.com/news/stock-market-news/uk-stocks-climb-wall-street-ladder-1412958

Hopes For Corrections in a Thin US Market

Hopes for corrections in a thin US Market with most of the EU stock markets closed on their second day of Christmas holidays, the USD is lingering lower after knee- jerking somewhat, following the rate hike.
However, as growth worries persist price volatility, trickles in with investors highly emotional charged following the Xmas rout.
The dismal economic data release forecast for the US may trigger uptrends in other major currencies. Although the DXY rallies ahead up 0.14% between 96.53 – 96.73 with possible upside ticks post the US open.
Global Markets:
The Japanese stocks were spotted in correction mode triggering some hopes for EU stocks to follow. BOJ’s Chief Mr. Kuroda hits on plans to speed up inflation up to the required 2%. However, with US President Trump still lashing out at the Feds for the rate increment and insistence to keep the government closed, keeps Market participants remain cautious.

  • US 30: After shedding a whopping 800 plus pips over the Xmas, is also in correction mode seen trending from 21,452.0 to 21,799.0 and perhaps to 22,000 in thin trading. Up 0.21% at 21,745.0 by time of print 08:10 GMT.
  • Germany 30: The asset trades in a range from 10,487.0 – 10,649.5 indecisively. There is a hope it may breach the 10,800 levels in the thin EU market session.
  • Italy 40: Was seen trending from 18,415.00 to 18,100.00 down 2.50% at 18,125, analysts believe some respite may be seen today sending prices upwards to 18,500 or more.
  • UK100: Was also spotted down 0.52% at 6,685.99 from 6,721.12 heading to 6,661.00 sudden movements upwards are not ruled out.

Commodities:

  • Oil: Ahead of Today’s API report crude Oil prices rallies after losing nearly 3.8% by the time of print it was seen up 1.48% 42.53 – 43.41. Perhaps aiming to crop up some gains before the report is released.
  • Gold: Following previous posts the precious metal continues to gain attention up 0.33% at 1,275.95 from today’s open of 1,272.50. Heading towards 1,277.85, perhaps even touching the 1300 levels by end of the year to fully regain back its luster seen around 2013/14.

FX Market:

  • EUR/USD: After gaining attention to the upside to climb above 1.1400 the EUR fell to the USD down to 1.389 down 0.04% ahead of today’s US Redbook report.
  • GBP/USD: The pair is expected to oscillate between highs of 1.2719 and lows of 1.2659 by the time of print up 0.11% at 1.2692.  
  • USD/JPY: The USD gained a bit of an edge over the USD up 0.23% at 110.54 aiming for 110.67. perhaps hitting 111.00

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-wednesday-1412394.
 

Merry Xmas & Prosperous New Year.

Merry Xmas and a very prosperous new year. As most celebrate the Christmas holidays according to the Gregorian calendar, it is commendable to extend sessional greetings to all those who will be celebrating according to the Julian calendar around 7th January as well.
Naturally, most western and other stock markets are closed. As some celebrate with family and friends, others are likely taking time to ponder over the markets’ status quo, which is currently entering into a bear market with both feet. In simple terms, stocks are shedding nearly 20% or more of their value from recent gains. The losses have forced Emerging markets to brace for a year of uncertainties at least in the first quarter of 2019.
Hoping the US-China 90-day truce does not usher an era of protracted trade tiffs. Markets are populated with hedge funds in search of viable assets to trade on. Meanwhile hedging with Gold. which seems to be climbing vicariously up 1.14%  by 09:00 GMT. Trading in a range from 1,260.50 – 1,273.90 which started Monday. Analysts are under the impression prices could reach 1.300 by end of the year. 
WTI Crude and Oil prices, in general, have also been in the headlines a lot lately with US sanctions on Iran, commitments by OPEC + to curb production quotas in an attempt to balance prices, which eludes participants as the US engages in shale production which cancels out OPEC effort to a degree, perhaps sent prices down to $40 bbl
Trading on stocks is pruned to wild swings dominated mostly by sentiment. US 30 lost 600 pips Monday. Even though the US economy may end the year with gains.
Currencies are playing the fiddle with risk-on, risk-off aversion. While others take their chances with the Cryptocurrencies. Opportunities remain, abound for the bold and those who don’t mind trading in a bear market.

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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.
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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