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Morning Call For Thursday, Oct. 25

Morning Call For Thursday, Oct. 25

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.79%) this morning are up +0.80% and European stocks recovered from a 1-3/4 year low and are up +0.81%. Stronger than expected Q1 quarterly earnings results from Microsoft have pushed the stock up 5% in pre-market trading to lead a rally in technology stocks that is pushing the […]
EURUSD: Euro Licking Its Wounds After Yesterday’s Drop

EURUSD: Euro Licking Its Wounds After Yesterday’s Drop

Previous: On Wednesday the 24th of October, the single currency lost significant ground against the greenback to reach the 1.1379 mark. The drop gained momentum in Europe after breaking through the 1.1440 support. I reckon the bears ditched their protective stop levels after this breakout on the back of uncertainty surrounding Italy, after which market participants […]
ECB May Downgrade Risk Of Outlook To The Downside Tonight

ECB May Downgrade Risk Of Outlook To The Downside Tonight

ECB is likely to tweak its policy language amidst Italy’s budget crisis, short EUR/USD? ECB is widely expected to keep its interest unchanged tonight, but will likely acknowledge the worsening growth outlook for its economy. ECB will reaffirm the market that its asset purchases are set to end this year without delay. They will also […]
BTC/USD Forex Signal – Thursday, Oct. 25

BTC/USD Forex Signal – Thursday, Oct. 25

Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered from 8am London time until 5pm Tokyo time today, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 time frame following […]
Is This Carnage?

Is This Carnage?

Well… things are not pretty. Some are even using the word “carnage” to describe current state of the stock markets. However, even though this is one of the worst months of the decade for stocks, if we take a step back, things aren’t all that bad. The Dow Jones is now sitting almost exactly where it started the […]
S&P 500 And Nasdaq 100 Forecast – Thursday, Oct. 25

S&P 500 And Nasdaq 100 Forecast – Thursday, Oct. 25

S&P 500 The S&P 500 got crushed during trading on Wednesday, as the bloodbath in global stocks continues. That being the case, we have broken below the bottom of the hammer from the trading session on Tuesday, which is a very negative turn of events. I think what we are looking at here is the […]
Ahead Of Draghi, A Dead Cat Bounce

Ahead Of Draghi, A Dead Cat Bounce

After the downfall, the EUR/USD is attempting to stabilize around 1.1400. The ECB decision takes center stage today, with all eyes on Draghi. The technical picture is slightly bearish for the pair amid its dead cat bounce. The EUR/USD is trading around 1.14000 in the new European session. Stock markets are falling in Europe, following the lead […]
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                        Canadian Employment Increased In September, But Overall Job Growth Slowed In 2018

E Canadian Employment Increased In September, But Overall Job Growth Slowed In 2018

Canada’s monthly job market figures are very volatile and rather erratic. Statistics Canada’s latest monthly report for September certainly continued the erratic pattern. The labor force survey (LFS), which is based on a household sample, reported a huge increase of 63,000 jobs in September, compared to an almost equal sized loss of jobs in August. […]
ECB Overshadowed By Equity Market Drama

ECB Overshadowed By Equity Market Drama

Overview: The dramatic sell-off in equities center stage after the S&P 500 lost 3% and the Nasdaq shed 4% yesterday. Stocks in Asia-Pacific followed suit, with the Nikkei’s 3.75% drop setting the pace. Of note, the Shanghai Composite was essentially flat. European bourses are struggling to hold on to some early gains, especially in Germany […]
USDCAD Trade

USDCAD Trade

October 23rd USDCAD was near resistance just below 1.31 and I saw the opportunity to go short… stop was very close so risk was low… potential was good for a move lower… we got nearly 100 pips yesterday but prices bounced… #USDCAD short stop 1.3125 pic.twitter.com/3gI7ipbCMN — Alexandros Yfantis (@alexanderYf) October 23, 2018 Price was […]