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Incited market sentiment bounce with NFP

Us president Donald Trump incited market sentiment following global market recovery Wednesday. However indecisive rhetoric on imposing sanctions on China should the US & China fail to reach any conclusions, sent investors veering for cover on Thursday. Which was slightly exacerbated by Apple Inc. Despite beating expectations with an EPS (earnings per share) of 4.68 instead of 2.91 the forecast for future turnovers was lame with a caveat that holiday sales could bring value down by $1trillion according to some experts close to the matter its share price has since dropped nearly 5 % albeit trading side-ways in short (fiscal first quarter guidance) missed expectations.

Yet ahead of the Day’s main report; the US Jobs report (NFP) Non-farm payrolls which are expected to be positive if we are to take our cue from the ADP spectacular report, coupled with the release of some 70+ Earnings report the market gleefully embraced hopes that the US and China could indeed reach a Trade deal.

Global Stocks:
Chinese’s shares rose on hopes of Trumps’ tweet revealing the welcoming news that both He and president Xi had a productive conversation toward hashing out the Trade Tiffs, propelling The EU Shares to climb as well. In fact, the US is also set to open strong.

Germany30: shot past Wednesday’s highs seen 1.75% up ranging between 11,595.66 -11,671.58 at 11,669.07 by the time of print 10:53 GMT.
Italy 40: Was seen up 1.86% in a range from 19,322.50 – 19,477.50
UK100: Gained fresh hawkish wings as the mining sector, amongst others led the rally. Obviously, Brexit optimism and prospects for calmer heads in the US-Chinese saga helped seen rallying 0.68% at 7,163.37 ranging from 7,153.75 – 7,195.91.
US 30: Has been able to keep its head above the 24k levels ranging from 25,196.0 – 25,679.0 up 0.91% at the time of print.

The Dollar Index (DXY), meanwhile recede from the 97 to range between 95.99 – 96.40 down 0.13%.

Currencies:

GBP/USD: Rallied early Friday morning, 0.7% and hold it neck above the 1.30 levels seen trending from 1.2986 – 1.3041. However, upside movement remains limited ahead of the US NFP, which could send the GBP to the queen for a cup of tea.
EUR/USD: Shot up 0.10% from 1.1391 – 1.1456 how very capricious. Analysts will be in ewe should the EUR cross to a 1.15 handle. As the EU awaits its stress test.
USD/JPY: Although the Greenback fell from Wednesday highs against the Yen it was seen 0.15% up between 112.56 – 113.10.

Commodities:

Oil: Oversupply woes pushed oil prices further down today ahead of the drilling report from Baker Hughes Rig Count. WTI was seen struggling under the $64bbl mark. Down 0.47% ranging from 63.27 – 63.95.
XAU/USD: Despite the increased purchase of gold by some central banks especially the Russian central bank as reported by the WGC to its highest in 3 years to approximately 150 Metric tons and the anticipation of the Diwali holidays Gold prices seem to be unable to maintain a consistency stance against the stronger USD. However, it has been oscillating between 1,229.88 – 1,236.51 depending on risk on/ risk off factors. Today down 0.26% ahead of the NFP.

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Related Links:

https://www.investing.com/news/stock-market-news/apple-warns-holiday-sales-may-disappoint-amid-weakness-in-emerging-markets-1670944

https://www.investing.com/news/economy-news/top-5-things-to-know-in-the-market-on-friday-1671555

Another View: Why Forex Education Matters

Forex Education is that thing that gives you the correct dose of confidence. When you have ambition, taking action becomes second nature. Trading and Investing online requires the appropriate know how’s to operate, strive and succeed (OSS). Many people have varying views, on how to approach Trading. Some say, “Start and learn as you progress” while others claim, “you need to have all the Education before you start trading.”

Irrespective of the view, you may hold, there is no doubt education, is an essential part of the success package in your trading career.

Steps:

With any new hobby, profession, or skill. A plan is needed. In which Identification, Familiarity, Practice, and Consistency become the building blocks to Master your Plan and execute at it will.

In the first stages, identify with all you need to begin your trading. i.e., What kind of Assets you wish to trade on (Currency Pairs, Commodities, Indices, and or Stocks). The trading timeframes concerning your availability, accessibility to the Internet and up to date information.

The Second stage is when you become familiar with the asset(s) of your choice, by learning about them. (Start with 2 or 3 assets). Then gradually diversify your portfolio. During this phase questions concerning the Who, What, Why/When should be addressed. For example:

Who Controls the Asset of your choice?
What is done or not done?
Why was that action taken?
When will it affect, if any?

During the third stage, you should be testing and be practicing to become perfect, opening, closing trades and exploring other methods, by the fourth stage you should be consistent with your custom plan or approach with fine tunings.

Tools:

Most Brokers and online platforms will usually provide you with a wide range of financial tools. Since learning is subjective, some may prefer a technical approach, while others prefer a fundamentals approach.

Once are familiar, with those tools. Using them correctly is likely to increase your success and profitability exponentially. The accessibility to specific “tools,” maybe at the discretion of the Broker. The standard tools are usually visual or textual and could be, divided into Fundamental and Technical Tools or Indicators.

Fundamental Tools/Indicators are Market related data, derived from the news (TV, Radio, Internet). Summations or complete data are usually, obtained from the Brokers website, blog posts, daily financial news or reviews and YouTube video updates which are all updated periodically with current events derived from the Financial Calendar.
Technical Tools /IndicatorsThese usually consist of all the different types of Trading platforms, like (Web Trader, Mobile Trading App, MT4,) as well as Graphs and charting systems, like (Candle Stick Charts, Autochartist, etc.) Mastering both approaches will most definitely equip you with more strategic options and flexibility both in spotting great treading opportunities and limiting your risks.
As you become aware of your options and choices, to increase your knowledge, the recommendation is to find 1-3 mediums that best suits you. Don’t hesitate, if you can’t find any. Start slow, aim to spend 10-30 minutes each day to learn more about your intended trades and Online Trading.

An Amazing Recovery For Global Markets

What an amazing recovery for global markets today. Facebook’s Q3 earnings on Tuesday had a capricious effect on trends rallying 3% before the open bell, then shedding almost all gains after the report fell short of estimates, Market participants took a few moments to decipher the reports and then decided to go long. Bringing the shares up 2.91% to trade between 139.74 – 146.64 Wednesday morning in premarket. Open market open it is expected to jump another 3% or more. Likely to keep the US 30 in flight mode with probably another 120 or pips as GM and others are set to release their reports. On the Docket today are the following:

US private sector payrolls data from the ADP with Analysts predicting a 189k
Crude oil inventories from the EIA with a prediction of a surge US WTI inventories.

Global Stocks:
Global shares were in an upbeat mood as Facebook earnings relieved investors’ fears coupled with several better than expected Q3 results from a deluge of companies yesterday

Germany30: Rallied almost 1.50% with further upside trading between 11,392.77 – 11,487.88
Italy 40: was seen up 0.28% in a range from 18,957.50 – 19,177.50
UK100: Despite Brexit woes, the Index rose 1.58% to trade from 7,112.91 – 7,160.01
US 30: As mentioned earlier the due to companies like GM and the tech industries recovery the US 30 is poised for to surge above the 24,950 mark at the time of print 09:45 GMT is seen trading between 24,823.0 – 24,904 with hawkish wings. Perhaps with a rise of 1.5%

The Dollar Index (DXY) climbed up crossing the 97 thresholds to trade between 96.88 – 97.19 in a demonstration of the USD’s strength a display of continuous uptrends not seen in nearly two years.

Currencies:

GBP/USD: After plummeting below the 1.26 levels the pair was seen recovering and trading from 1.2699 – 1.2780 bullishly.
EUR/USD: Was seen as the biggest loser down 0.08% to trade from 1.1311 – 1.1416
USD/JPY: The dollar dominated the yen trending from 113.03 – 113.38.

Commodities:

Oil: In anticipation of the day Crude oil inventories WTI prices drop below it open of 66.31 to lows of 65.80 should the report beat market expectation below the 4,110 million barrels. Prices may spike perhaps to $67 bbl before reverting down.
XAU/USD: gold prices are expected to remain subdued trading from 1,223.36 – 1,216.08 or further down.

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

https://www.investing.com/news/stock-market-news/futures-rise-as-facebook-lifts-highgrowth-stocks-1667558

https://www.cnbc.com/2018/10/31/chinese-pmi-china-reports-official-manufacturing-purchasing-managers-index-for-october.html

https://www.cnbc.com/2018/10/30/yellen-says-rising-us-deficit-unsustainable-if-i-had-a-magic-wand-i-would-raise-taxes.html

Q3 Earnings and Market Dynamics Tango

Q3 Earnings and Market Dynamics Tango in day 2 of the week, is laced with some big names reporting. Facebook Inc. (FB), General Electric (GE), Coca-Cola, eBay Inc., and Pfizer are a few on the docket today.

So far Monday the US 30 lost 1%The FAANG stocks which led the post-US election rally where the most hit. Amazon down nearly 6%, Netflix down almost 3%

Investors are edgy, to say the least with EU countries such as the UK’s imposition of a 2% “Digital Service Tax” targeted at the tech giants. Q3 earnings reports thus far have been a tad disappointing.

Meanwhile, reports of The US President and Leader of China meeting at the G20 Summit next month fostered some hopes momentarily until President Trump concluded if he meeting next month does not yield he shall impose more tariffs on China. The USD continues to maintain an upbeat trend, rally against other majors.

Currencies:

The Dollar further strengthened with the DXY seen heading to 97. Up 0.20% from 96.62 – 96.82

GBP/USD: Plummeted further as investors view the 2019 budget with unease the pair were seen down 0.27 % in a ranging between 1.2756 – 1.2812 still below the 1.29 psychological mark GBP is reported to be at 10-week lows
EUR/USD: The pair was down trotting 0.13% down in a range between 1.1357 – 1.1416
USD/JPY: The Safe havens let go of gains. The pair was seen up 0.41% at the time of print 09:36 GMT between 112.31 – 112.87.

Global Stocks:

After a brief rise in EU shares prompted be HSBC’s earnings report, the fire is quenched and the Market is again seen in contraction.

Germany30: When from highs of 11,402.52 down 0.30% at 11,302 with lows set at 11,302.03.
Italy 40: On Monday the stocks led the EU gainers and were bolstered to highs of 19,122.50. however, could not hold onto gains beyond the 19,000 levels by the time of print it was 0.31% down at 18,897.50 between 18,792.50 – 19,122.50 perhaps influenced by the disappointing Italian GDP.
UK100: Thus far the UK share were among the few in bullish territory up 0.26% ranging from 7,022.75 – 7,059.59
US 30: Rose 0.36 % to 24,520.0 ahead of today’s earning reports trading from 24,355.0 – 24,605.0

Commodities:

Oil: Ahead of The American Petroleum Institute’s report which is likely to reveal more built in US stockpiles WTI oil price are dovish currently seen 0.97% down trading between 66.36 – 67.25 in reverse with a possible further downside.
XAU/USD: Gold prices inched up a bit in the early EU hours when the reports of what could be classified as a nudge to the Sino-US trade saga. However, demand for the precious metal eased as market participants resorted to making some profits of the Q3 earnings release from the companies mentioned earlier. Dropping 0.61% to range bearish between 1,219.95 – 1,230.65

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Market “jungle” With Apple & Facebook on Tap, NFP Peeks

Another week in the Market “jungle”. Investors have their fingers crossed while others hedge with Gold others look to “Pick & Shovel” strategies picking an individual stock to capitalize on. Many analysts believe the rout could linger on.

This week opens the door to a fresh batch of Q3 earnings with notable tech firm like Facebook reporting on Tuesday, Apple down the week amid Jobs reports from the US (NFP).

Currencies:

The USD is relatively high, near 10 months’ levels. Dollar indexes parades in between 96.36 – 96.52 flexing its muscles against a basket of other currencies.

EUR/USD: The EUR was subdued to the USD, seen trading down, 0.11% between 1.1384 – 1.1412 by the time of print 07:48 GMT ahead of the EU Economic Forecast meeting.
GBP/USD: The Nicker another name for the pound was down trotting ahead of the BOE consumer credit report among others. Trading below the 1.29 level at 1.2811 a 0.16% drop to a range between 1.2811- 1.2843
USD/JPY: The USD was showing signs of recovery from the nosedive Friday. the pair were seen ranging between 111.78 – 112.05 a modest 0.04% at the time of print.

Global Stocks: Global Stocks seem to be in turmoil US 30 plummeted nearly 378 pips on Friday, setting the stage for other shares to bow in shame. Asian shares were still bearish. Investors believe this could affect the EU shares negatively should the US stocks fail to calm sentiments. HSBC Asia was bullish and in the meantime, EU share try a petite rebound

Germany30: attempts a recovery seen up 0.28% at 11,232.06 to range between 11,218.32 – 11,277.57.
Italy 40: The stocks are ready to shine ahead of the day’s economic release such as the Italian (Producer Price Index) trading up 0.83% between 18,782.50 – 19,097.50 further upside is very likely before any reversals.
UK100: Took on some hawkish wings with shares really 0.92% with more upside the Stocks swung between 6,971.25 – 7,036.75
US 30: After Friday’s rout, the Stocks are poised for a small relief trading up 0.25% at 24,807.0 between 24,655.0 – 24,852.0

Commodities:

Oil: Crude prices have been boxed in lately Friday’s Baker Hughes Rig count revealed another 2 rigs added from 873 to 875 the news did not rub concerned uses correctly. WTI has been spotted trading sideways albeit down 0.41% by time of print, ranging between 66.94 – 67.95
XAU/USD: the USD up some spread better turned their attention to the USD, neglecting the precious metals. Which due to the Diwali remains very much in demand, and the uncertain has market participants hedging. The pair was seen down 0.29 % between 1,227.76 – 1,235.49.

Market Participants will also have their attention on Friday’s NFP jobs report. while pondering on the effects the Tech Industry could have on stocks.

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Has the market gone “Crazy”?

Has the market gone “Crazy”? in a prudent anticipation for some relief. The Tech industry bolstered the market yesterday. With Twitter releasing amazing reports. Which sent its share prices rallying lows of 27.25 to highs of 33.70 before letting out some steam. Amazon followed suit with a surge of 7% from 1,653.99 -1,793.04 before easing on the uptrends. Alphabet Inc. Google’s parent earnings were disappointing due to the recent privacy probes and fines. However, its outlook was promising sending the stocks up some 4% before correcting.

The uptrends for the US 30 Aka Dow 30 could not hold water for long the expectation for today is a possible drop of more than 180 pips. And some reverse trends. The Reason being that some of the 40 + companies releasing their earnings report today may not have a significate upward impact. Amid today’s Profit-taking. On the Docket is the US GDP which looks grime perhaps to pull the USD slightly down. While Europe readies to hear ECB President Mario Draghi’s speech at 14:00 GMT.

Global Stocks: Global Stocks are down again the nitrox dissipated with traders taking profits and considering the weakness in the upcoming batch of earnings reports. Asian shares were down trotting; EU Shares gets infected by negativity while Wall street looks to a sideways trading day. With Geo-Politics in play, volatility and abrupt swings are warranted.

Germany30: The Indexes is in decline almost back down to Thursday’s lows of 11,078.36 Trading backward from 11,216.73 –11,084.82 down 1.62% at the time of print 09:35 GMT
Italy 40: is bearish down 1.62% also trending from 18,682.50 –18,417.50
UK100: Some market participants are considering adopting the “Picks and shovels” strategy to gain from whichever direction the asset goes. By the time of print UK 100 had lost 1.54% trading between 6,947.15 – 6,891.25.
US 30: Lingers on down 0.84% from 24,831.0 – 24,619 almost back to range it was Thursday morning prior to the release of Amazon, Twitter and Google’s earnings report.

Currencies: With the DXY Chilling, the USD loose attraction amid fears, risk off with traders looking at safe havens again.

EUR/USD: was seen attempting to rally. Albeit by 07:10 GMT it was down 0.05% at 1.1368 trending between 1.1358 –1.1377.
GBP/USD: The pair were seen undeceive. Trading between 1.2805 – 1.2829 falling short of the 1.29 handle.
USD/JPY: The USD nose dives to the JPY with the pair seen trading from high of 112.44 to lows of 111.95.

Commodities:

Oil: WTI prices ahead of today Baker Hughes Rig count, trades in familiar ranges seen in recent days between 66.45 – 67.04 on a dovish path

XAU/USD: As per recent prognosis and the position of Gold as a safe haven. With “risk- off”, investors hedge with the precious metal keeping it attractive and surging with the USD down between 1,230.13 – 1,238.61 up0.43%.

Meanwhile, the Sino-US trade war get another hurdle to overcome, which is the Taiwan Military tension which the US supports.

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