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Is this the end ? Or Another comeback?

Is this the end? Or another comeback? Market sentiments seem “Frizzled” to say the least. The continuous jabs to the US-China Trade tensions, with counter and pro rhetoric, has been a catalyst in driving market volatility.

This 4^th Quarterly, earnings session draws to an end without being able to bolster the Stock Market as in the Q3 sessions.

Investors are hopeful that perhaps US and China could reach some sort of understanding during the G- 20 summit set for 30^th November 2018 in Buenos Aires Argentina even though the road to it has been bumpy the latest impasse happened over the weekend at the APEC meeting. Naturally, should a deal be reached, it would likely add a positive touch to the Stock market and alleviate some of the tech, financial, and agricultural shares which are slumping.

Meanwhile, some investors are taking a cautious path and looking towards the safe havens, like Gold, JPY, and to some extent, the CHF were all bullish to the USD. While others go fishing for other assets to diversify. Some are looking at the new booming Medical Cannabis firms and stocks. Analysts are projecting the value of global shares in Medical Weed is to rise to about 230%. Thus attracting investors.

Prospects for a December fed rate hike stands at nearly 75.8%. dropping from 92% as some market participants, relate to US President Trump’s displeasure at the pace of the rate hikes amid growth concerns.

Global Stocks:
Global shares were seen mixed Monday morning with Asian stocks were still pressured. However, EU Shares turned bullish with gains capped as the mining industry boosted the indices. The US stocks, however, are expected to remain dovish.

US 30: was down trotting shedding 0.29% by 12:00 GMT and ranging from 25,338.0 – 25,490.0
Germany30: Rose modestly from it open of 11,345.4 to 11,414.5 before giving up some gains to trade between 11,295.0 – 11,414.5
UK100: Was upbeat even as Brexit syndrome weighs. Up 0.57% trading from 7,025.75 – 7,071.10.
Italy 40: joined the up trending. From it open of 18,902.50 surging to 19,127.50 before fizzling down to 18,952 by 13:00 GMT up 0.57% with daily highs set at 19,127.50.
Meanwhile (DXY) signals the USD’s giving up steam. Down 0.16% trading between 96.29 – 96.57 As President Trump urges the White House to pressure the Fed to cool off.

Currencies:

GBP/USD: With the USD down, the pair climbed 0.12% by the time of print ranging from 1.2797 – 1.2883.
EUR/USD: Even this pair found some positive winds. Trading up 0.15% between 1.1394 – 1.1438.
USD/JPY: The USD gave up to the JPY as mentioned earlier trading between highs of 112.85 to lows 112.61

Commodities:

Oil: Prices remain capriciously political in the early house of Monday Analyst suggested an uptrend however further insights suggest this capped with potentially abrupt downswings so long as the sanction against Saudi Arabia in its involvement in the murdered journalist case. WTI Crude is seen ranging 55.81 – 57.55 the forecast to 59.00 was not realized.
XAU/USD: Swung between 1,218.11 – 1,223.65 between gains and loses

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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.

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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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