The Market seeks solace with the UK’s Supreme Court Decision. Oil reports in the pipelines. With traders edgy on Brexit. It is plausible
that the UK’s Supreme Court decision is sort after for solace. In the
likelihood that the court Courts decided to rule against PM Boris Johnson in
his prorogation of parliament. Some confidence could be restored to UK
investors. Evidently the GBP was observed hawkish. Meanwhile, others look for
some clarity from the oil report due later today.
Global Stocks: Are once again fronting albeit with mixed
undertone as fundamental analysis from data in those regions weighs differently
on the contracts as could be deduced herein.
- WALLSTREET: After Monday’s dip Wall Street
expected to recover from the previous lows. How high it rallies today may
depend of some earning reports from the like of AutoZone Inc. Nike Inc.
General Mills Inc. and some 31 or so other companies reporting. The
outcome of a list of market events suggests the USD maybe challenged today.
USA30: The Dow was seen around up
0.29 % at
27,040.5
Monday’s resistance from the day’s open of
26,974.0 the trading curve is
likely to chart between
26,993.0 – 27,101.0 upside trajectory could
reach
27,300.00 if not slippage to
26,855.60 maybe realised. - THE EU MARKET: Was swinging sideways. However,
downside pull looms.
Germany30: Fromthe day’s open of 12,379.6 the DAX 30 futures are likely to plough up to a resistance level at 12,418.00.with the range between 12,304.5-12,415.8. It was hoped that
upside trends could reach 12,515.00 However, this remains questionable.Italy40: With the Italian economy losing 4% of its value
analysts are sceptical to see any substantial and consistent up trends.
trading maybe limited to this range
21,762.50- 22,042.50. However, should the support levels breached traders may see a 2
nd support heading south to
21,585.00UK100: Reports of the collapse of Tomas Cook group with its
shares tumbling nearly 8% kept the FTSE UK on its knees. Trading down, after a brief
hump to from the day’s open at
7,313.2 to
7,326.8 the current
resistance level. The support levels were marked at
7,243.8 With Oil prices
slipping the contracts may not be able to recover the day’s losses.
- ASIAN MARKET: Stocks were overly bullish in
the Asian market following comments from the BOJ Bank of Japan. The Australian
market was view a tad capricious.
HongKong50: Observed tacking on gains from the previous close of
26,281.00 Trading is
expected to range
26,207.27 – 26,391.98 Our technical analysts suggest
upside to
26,400.00 could be in the making.
Malaysia 70: From an open of
13,942.00 uptrends to
13,965.00 are expected before knee-jerking set in ranging may be contained
between
13,914.87 – 13,964.10 Commodities: The majority of commodity assets were spotted in negative territory. Oil: Trends were seen in a limbo however,
losing steam ahead of the day’s weekly crude oil stockpiles. From the American Petroleum
Instituted Trading is likely to be limited between 57.48 – 58.49 with supply restriction facing Saudi Arabia from attacks to it oil fields, prices may not slip as would have. A drop to 57.30 maybe in the pipelines before upward corrections are seen.Gold: The fact that the safe haven is gaining more attention again could most likely reflect on investors insecurity Gold closed its previous session at
1,531.50. Ranging between
1,523.05 – 1,536.25
further upside to
1,538.00 maybe seen by the end of the US market.
FX Market:The USD was seen defiant against a handful of currencies however, with the expectation of a negative report on US consumer confidence delivered to market participants in view the USD may loss some grounds to the GBP, JPY, The
EUR, and even AUD. In what may seem a risk-off trading session. Even with the DXY hanging on to the 98th threshold.- USD/JPY: Was caught on shaky grounds the USD
is expected to succumb to the JPY as Mr, Haruhiko Kuroda Governor of the
BOJ delivers his statement with some forward guidance. Trading is seen confined
to the previous close at 107.54 perhaps to range between 107.24
– 107.80
- EUR/USD: Capricious in its outlook. However, from
the day’s open of 1.0991 uptrends are expected with a possible trading
range between 1.0984 – 1.1015. our technical analysts
suggest breakouts to 1.10260 maybe plausible.
- GBP/USD: Driven in vicariously by the Brexit travailing’s
The GBP was caught uptrends against the USD. With remorse that The UK
supreme court may rule against Boris Johnson earlier order to shut down parliament.
Closing the previous session at 1.2429 the expected range was noted between
highs of 1.2503 lows of 1.2415. However, should the current resistance
be breached highs at 1.25100 may be recorded.
- ·
AUD/USD: The Commodity heavy
AUD gained flight flowing RBA’s Governor Lowe’s speech and perhaps the recent
climb in Gold and silver prices. Ranging between 0.6765 – 0.6806. Further upside to 0.68128 maybe doable.
Cryptocurrencies: For those following and paying attention to our previous summations it is likely that you will notice that thus far almost everything predicted about the crypto arena is manifesting. The
BTC did fall below the
9,500 .0 to 9,429.0
the current resistance level
before regaining ground as mentioned in previous posts. Today oscillation may
be prevalent in this range. Further details, please visit Xtrade.com.
You may also leave your
comments below.Related links:
https://blog.xtrade.com/trading-week-resumes-in-luke-warm-waters/
https://blog.xtrade.com/market-participants-waded-through-the-various-central-bank-decisions-brexit-rumble/
https://blog.xtrade.com/same-assets-familiar-catalysts-market-jingles/
hi , I am the ownership of Mayxxxxxx that has invest of past years and got coach ,on the higher level i am now on this attachment together with my sister Cdt.officer spo4 L-LALANUON MAUYAG has the winning awards of the platinum and me my awards is about my Cav's and other gold card. But i ,should had to claim.
by Mayma Anip Sarip at 2019-09-24 17:36:11
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by Kongkaphan.Akaphin at 2019-09-24 17:51:22
What account should I have to use and start trading. My normal bank account is or open up a new account with credit card or visa card. Please advise.
by Billy Moro at 2019-09-24 21:12:41
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by Kenneth@Xtrade at 2019-09-25 07:52:46
Hi Billy, Thank you for your question. The platform was designed so that you may be able to open a trading account in a few minutes. You may decide which method to fund your account, either via a Bank transfer, Visa, etc. Depending on what convenient for you. You may add money to your trading account and begin trading. Please make sure you update your profile and send in all the documents needed so that when you want to withdraw the process is faster. The trading accounts us segregated from your bank account. Kindly find more details herein. https://www.xtrade.com.au/support/faqs/#tab-faqs_opening_an_account How this was helpful BTW you training account was credited with some funds for you to become familiar with the platform. For further assistance kindly contact our support team. support@xtrade.com Best regards.
by Kenneth@Xtrade at 2019-09-25 14:22:21
Hi Mayma, Thanks for your mail. Welcome back. I would suggest you use the same email you used to open the account at the beginning of this month. Update and upload all the necessary documents. The sooner you get familiar with the trading platform, you will be able to show your sister around and minimize your risks.Am not sure what you mean by "But i ,should had to claim". However, funding your account is simple there is a procedure to follow for your convenience and safety. Please check out this link for more details or contact our support department please.Thank you
by Kenneth@Xtrade at 2019-09-25 14:36:18