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WikiFX Express

Two Major Uncertainties Encumbering GBP/USD| Influencer Forex Analysis•Jasper Lo

Weekly Technical Focus on the USD| Influencer Forex Analysis•Bola Akinya

WikiFX

| 2020-10-16 14:31

Abstract：The US federal election along with various stimulus bills will continue to influence markets this coming week. As the US senate works on stimulus in the $trillions and US presidents encounter a miracle cure for Covid19, the Equities markets continue to soak up the excess liquidity and continue with extreme valuations too earnings per share.

The US federal election along with various stimulus bills will continue to influence markets this coming week. As the US senate works on stimulus in the $trillions and US presidents encounter a miracle cure for Covid19, the Equities markets continue to soak up the excess liquidity and continue with extreme valuations too earnings per share.There are 30 million unemployed in the US with a $2T+ stimulus spending program on the way, and consistent with the other economies Australia is to receive continuing Federal government stimulus. This has brought about a calming effect on the US and Australian markets with a significant reversal pattern in the XJO.

Volatility will be the underlying driver of prices in the coming weeks as markets enter this October “Bear killer” period. The key concern remains, Tech leaders are driving the Index with underlying market breadth remaining on average below 70 %, (not all boats are rising with the tide).During this time of year many commentators seem to go into overdrive with all sorts of predictions for the coming 3 months.Many refer back to the 1987 October crash as evidence to be wary at this time of year.Consider this, the market has only made 2 significant corrections of this magnitude in the 114 years, 1929 and 1987. It is our business to take advantage of statistical facts to tip the advantage in our favour. The US dollar, as measured by the US dollar index (DXY), finished another week firmly on the back-foot. Tracking broad risk sentiment, the DXY fell 0.8 percent with only minor bouts of strength derived from softness in currency counterparts.Fed officials offered few additional clues Wednesday, consequently sparking little USD movement. In other news, Thursday‘s weekly unemployment claims totalled 840k, a touch higher than the 820k consensus estimate. 1590596743_383628_1590597260_noticia_normal_recorte1.jpg

1590596743_383628_1590597260_noticia_normal_recorte1.jpg

Against the US dollar:· The euro has climbed 1 percent· The pound advanced 0.9 percent· The Australian dollar ended higher 1.1 percent· Spot gold rallied higher by 1.7 percentEntrenched within a large-scale pullback since March 2008 from 70.70 (primary trend is considered south – check the monthly timeframe), and the daily timeframe’s immediate trend rotating lower since March 2020 suggests bears may be looking to secure lower levels going forward.A bearish setting formed under 92.26 daily support this week is likely to throw light on daily support at 91.00.What to Look out for this weekMonday· BoE- Gov Bailey SpeaksTuesday· UK Jobs Figures· US Inflation Data· CPI (m/m)Wednesday· US Inflation Data (PPI m/m)· RBA Gov Lowe SpeaksThursday· Australia Jobs Figures· Philly Fed Manufacturing Index· US weekly unemployment claimsFriday· US retail Sales Figures m/m· US Prelim UoM Consumer Sentiment commodities-USD-uptrend-downtrend-forex-platinium-investment.jpg

commodities-USD-uptrend-downtrend-forex-platinium-investment.jpg

Authors BiographyBola Akinya is a Forex trader and consultant with more than 20 years of immense experience in Forex Indices, Commodities and Currencies.Prior to becoming a professional Trader, she held positions as a Head of Sales/Business Developer with Credit Registry and Operations Manager with Peak Merchant Bank both in Nigeria before moving to UK where she worked with great companies like AIG and The Wealth Training Company as Course Instructor and Speaker for over 15 years on the FX and Stock Markets before she started her own company – The Learn and Earn Forex Training Company over 5 years ago.Over the years, she learned 121 from Top traders all over the UK which enabled her to develop her own unique strategies and trading systems that has made her a successful trader and Trainer.She is married with 2 boys and 2 cats.With the combined use of Fundamental and Technical analysis, she trades on the short term – medium term, as well as Economic News releases, combining both to give the consistency that is required for successful trades.

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The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

wikifx forex influencer Analysis ForexTrading Analysis index USD AUD JPY CNY YEN XAD gold oil

Two Major Uncertainties Encumbering GBP/USD| Influencer Forex Analysis•Jasper Lo

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Forex trading has caused large losses to many inexperienced and undisciplined traders over the years. You need not be one of the losers. Here are twenty forex trading tips that you can use to avoid disasters and maximize your potential in the currency exchange market.

Original 2020-11-26 15:28

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It is reported that the US Food and Drug Administration has scheduled a meeting of its Vaccines and Related Biological Products Advisory Committee on Dec. 10 to discuss the request for emergency use authorization of a Covid-19 vaccine from Pfizer. If nothing else, an approval would immediately allow the first Americans to get a vaccine on Dec. 11.

Original 2020-11-25 15:12

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There are some disadvantages of virtual accounts during forex trading. If these drawbacks are ignored by traders, they may experience unexpected losses even in real trading.

Original 2020-11-24 15:08

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The most obvious difference between the forex market and other trading markets is the constant trading hours and the unconstrained trading places. Trading at the right time helps generate a great profit.

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