trading central
Yes, I'm still making some mistakes but
Succes rely on moving from the defeat to the defeat without losing
enthusiasm
I thought about investing small amounts with a several American and Cypriot brokers not listed by the committees of control
open and closing the position with simultaneous diversification by EA / DXY-DJUSDOLLAR-B61!-BPM = by VDS copier
jlt :
https://www.fxblue.com/appstore/2/mt4-personal-trade-copier
trading central
U.S. Dollar Eases as Stocks Plummet -- Asia Daily Forex Outlook
Wed Oct 10 21:32:00 2018 / + 6 /
By Trading Central
Following are expected trading ranges and outlooks for nine major currency pairs in Asia today:
Immediate Range Larger Range
USD/JPY 111.85-112.50 111.55-112.85
EUR/USD 1.1510-1.1545 1.1485-1.1565
AUD/USD 0.7040-0.7085 0.7025-0.7105
NZD/USD 0.6440-0.6470 0.6425-0.6480
GBP/USD 1.3170-1.3220 1.3130-1.3265
USD/CHF 0.9865-0.9905 0.9850-0.9920
USD/CAD 1.3000-1.3080 1.2970-1.3120
EUR/JPY 128.90-129.75 128.55-130.15
EUR/GBP 0.8720-0.8750 0.8700-0.8770
(Ranges are calculated using recent high and lows, information on the placement of option strikes, and technical analysis - Fibonacci levels, trendlines and moving averages.)
On Wednesday, U.S. stocks tumbled the most since February as Treasury yields kept their upward momentum. The Dow Jones Industrial Average plunged 831 points (-3.2%) to 25598.
The S&P 500 dived 94 points (-3.3%) to 2785, extending its losing streak to a fifth session, the longest one since November 2016. The technology-heavy Nasdaq Composite slumped 315 points (-4.1%) to 7422, its biggest one-day decline since June 2016.
Shares in the Consumer Durables & Apparel (-5.4%), Software & Services (-5.08%) and Semiconductors & Semiconductor Equipment (-4.66%) sectors lost the most. Luxury stocks were also impacted, with Tiffany falling 10.2%.
European stocks also felt heavy, with the STOXX Europe 600 dropping 1.6%. Germany's DAX fell 2.2%, France's CAC decreased 2.2%, and the U.K.'s FTSE 100 was down 1.3%.
U.S. government bonds prices weakened after official data showed that producer prices rebounded in September. The benchmark 10-year Treasury yield climbed to 3.221% from 3.208% Tuesday.
Oil prices fell sharply. Nymex crude oil futures settled 2.4% lower at $73.17 a barrel and Brent was down 2.2% to $83.09 a barrel.
Spot gold advanced 0.4% to $1,194 an ounce.
The U.S. dollar eased for the second day as sentiment was impacted by plunging stocks. The ICE dollar index slipped 0.3% on day to 95.41. Later today, investor will focus on U.S.'s September CPI (vs. +0.2% MoM, +2.4% YoY expected).
The euro rose 0.4% to US$1.1533, while USD/JPY sank past the 113.00 mark shedding 0.8% on day to 112.09.
The British pound gained 0.5% to US$1.3205. Official data showed that U.K. industrial production grew 0.2% on month in August (vs. +0.1% expected), while manufacturing production fell 0.2% (vs. +0.1% expected).
Commodity-linked currencies were also dragged by risk-off appetite. The Canadian dollar weakened against the greenback as oil prices headed south, with USD/CAD jumping 0.8% to 1.3053.
AUD/USD dropped 0.6% to 0.7064 and NZD/USD was down 0.2% to 0.6460.
USD/JPY Intraday: Downside prevails. The pair has accelerated to the downside after breaking below a previous trading range. Currently, it is trading within a steep bearish channel capped by the descending 20-period moving average. The relative strength index has fallen to the oversold area without showing signs of a bullish reversal. Below the key resistance at 112.50, the pair should target 111.85 and 111.55 on the downside. Alternatively, a break above 112.50 would open a path toward 112.85 on the upside.
EUR/USD Intraday: Bullish bias above 1.1510. The pair is challenging previous highs at around 1.1545 while being supported by a rising trend line drawn from October 9. Currently, it is trading at levels above both the 20-period and 50-period moving averages, and the relative strength index stands firm above the neutrality level of 50. Intraday bullishness persists. Upon reaching 1.1545, the pair should proceed further to 1.1565 on the upside. Alternatively, a break below 1.1510 would trigger a pull-back to 1.1485 on the downside.
AUD/USD Intraday: Key resistance at 0.7085. The pair has violated a bullish trend line drawn from October 5 and is testing the low of October 5. Currently, it is trading at levels far below both the 20-period and 50-period moving averages, while the relative strength index remains subdued in the 30s, indicating continued downward momentum. Unless the key resistance at 0.7085 is surpassed, expect a further decline to 0.7040 and 0.7025 on the downside. Alternatively, a break above 0.7085 would trigger a rebound toward 0.7105 on the upside.
NZD/USD Intraday: Bearish bias remains. Although the pair posted a rebound from 0.6640 (the low of October 10), it is still trading within the bearish channel. In addition, the declining 20-period and 50-period moving averages are playing resistance role. The relative strength index is below its neutrality level at 50, confirming the negative outlook. To conclude, as long as 0.6470 is not surpassed, look for a drop with targets at 0.6440 and 0.6425 in extension. Alternatively, crossing above 0.6470 would bring a rebound with 0.6480 and 0.6495 as targets.
GBP/USD Intraday: Upside prevails. The technical outlook of the pair is positive as the prices have recorded a series of higher tops and higher bottoms since October 8. Both rising 20-period and 50-period moving averages should push the prices higher. The relative strength index is supported by an ascending trend line since October 8, calling for a new upleg. In this case, as long as 1.3170 holds on downside, look for a rise to 1.3220 before targeting to 1.3265 in extension. Alternatively, below 1.3170, expect a return with 1.3130 and 1.3100 as targets.
USD/CHF Intraday: Downside prevails. The pair is under pressure below its both declining 20-period and 50-period moving averages. Currently, the prices have potential to break below the lower support line of bearish channel, which would indicate the downward acceleration. The relative strength index is below its oversold level at 30, but has not displayed any reversal signal. Hence, below 0.9905, look for a further downside with targets at 0.9865 and 0.9850 in extension. Alternatively, only a break above 0.9905 would bring a technical rebound with 0.9920 and 0.9935 as targets.
USD/CAD Intraday: Further advance. The pair is still showing upward momentum after a break-out from a resistance level at 1.3000 (now a key support). Currently it is trading at levels above both the 20-period and 50-period moving averages while targeting the first upside target at 1.3080. The relative strength index is well directed in the 70s, indicating strong upward momentum for the pair. Upon crossing 1.3080, the next upside target at 1.3120 would come into sight. However, losing the key support at 1.3000 would open a path toward 1.2970 on the downside.
EUR/JPY Intraday: Downside prevails. The pair is proceeding toward the nearest support at 128.90 while sliding along the lower boundary of Bollinger band. In fact, the 20-period moving average has crossed below the 50-period one. The relative strength index has entered the 30s, showing a continued downside momentum for the pair. A break below 128.90 would trigger a further decline toward 128.55. Only a break above the key resistance at 129.75 would bring about a bullish reversal and open a path toward the alternative upside target at 130.15.
EUR/GBP Intraday: Watch 0.8700. The pair remains capped by a declining trend line drawn from October 3 while testing the immediate support at 0.8720. Currently, it is trading around both the 20-period and 50-period moving averages. Intraday bearishness persists, and the pair should return to 0.8720 before sinking further to 0.8700. Only a break above the key resistance at 0.8750 would turn the intraday outlook bullish and open a path toward 0.8770 on the upside.
Any opinion offered herein reflects Trading Central's current judgment and may change without notice. This content is provided in general terms and does not take account of or address any individual user's position. Nothing contained in this publication constitutes personalized investment advice. To the extent that this article includes suggestions as to various possible investment strategies which users might consider, it does so in only general terms without reference to the personal factors which should determine any user's investment decisions; any investment decisions and associated risks are the sole responsibility of the user. The content doesn't reflect the opinion or judgment of Dow Jones, which does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors shall not be made the basis for any claim against Dow Jones. This article does not constitute or form part of any invitation or inducement to buy or sell any security. The author has pledged not to invest in the instruments or markets cited in this article.
(END) Dow Jones Newswires
October 10, 2018 21:32 ET (01:32 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
trading central
Global Forex and Fixed Income Roundup: Market Talk
Wed Oct 10 23:33:00 2018 /+ 6/
The latest Market Talks covering FX and Fixed Income. Published exclusively on Dow Jones Newswires throughout the day.
0333 GMT - The declines seen in Treasury yields in late Wednesday afternoon US trading as equities slumped has continued in Asia. The 10-year yield was slightly lower at 3.221% at 3pm Wednesday in New York but fell to 3.17% by the end of US trading 2 hours later. The yield has now dropped to 3.14%, a level not seen in a week after briefly topping 3.25% on Tuesday. The jump in bond yields globally had been key for the start-of-October weakness seen in many global equities markets. But the reversal in the past 8 hours hasn't so far provided much support to equities. S&P 500 futures are down 0.8%, building on Wednesday's 3.2% slide, while Asian equities are widely down at least 2.5%. (
[email protected];
@kevinkingsbury)
0223 GMT - There is a mismatch building in Australia's housing market between rising supply of new dwellings, and a likely fall in the availability of credit as regulator-inspired lending clamps bite, says UBS. Residential housing under construction has hit a record level of 229,000 homes worth A$89 billion, or 4.8% of GDP - almost tripling since 2009. There is a risk the situation results in settlements failing, pressuring house prices beyond the UBS forecast of 5-10% cyclical fall. (
[email protected]; Twitter
@jamesglynnWSJ)
0219 GMT - The Singapore dollar is slightly lower this morning versus most other currencies amid the heavy selling in regional equities and ahead of tomorrow's central-bank policy announcement. UOB notes the currency's nominal effective exchange rate, measured against a basket of currencies of the nation's key trading partners, has drifted lower of late. The investment bank estimates the NEER is now trading 0.65% above the midpoint of the central bank's undisclosed policy band, half the spread of last week. (
[email protected])
0154 GMT - World Bank President Jim Yong Kim says the organization is "very concerned" about global trade tensions. From its perspective, trade is critical because it has lifted so many people out of extreme poverty, he notes at the IMF/World Bank annual meetings in Bali. Kim says countries influenced by or part of the supply chains related to China have to start thinking hard about what they can do now to prepare for worsening trade tensions, adding that host country Indonesia will be affected by any dispute involving China. In the big picture, he emphasized the need for countries to invest in their people, especially in their education and health, in order to ensure sustainable growth. (
[email protected];
@saumvaish)
0147 GMT - In the immediate slip-stream of the sell-off in US stocks, the Australian dollar has fallen to retest its earlier week lows just above US$0.7050, it's lowest since early February 2016. This begs the question whether traders should now be on guard for further falls in the Aussie dollar through the US$0.70 psychological level and potentially the 2016 cycle lows near US$0.6825. NAB says not so fast. The Aussie has been trading this year as a proxy for emerging markets jitters. Were the developed market woes now being witnessed spread to the emerging markets, the Aussie would be at greater risk, NAB adds. (
[email protected]; Twitter
@jamesglynnWSJ)
0126 GMT - China has started marketing its dollar-bond sale despite a weak market backdrop following the afternoon skid in US stocks that's extended to Asia markets this morning. The unrated offering is expected to raise $3 billion and is split into 3 tranches. The 5-year part is being marketed at a half-point above comparable Treasurys, with the 10-year spread at 0.65 point and 30s at 0.9 point. China had a similar offering last October, with this deal's prices higher than market expectations. Analysts and investors expected the bonds to pay 0.3-0.7 percentage point above Treasurys.
[email protected] ;
@manjudalalsg)
0121 GMT - The yuan was again fixed slightly lower as the PBOC continues its efforts to keep the currency in check. The central bank set today's midpoint for trading versus the dollar at CNY6.9098, versus yesterday's CNY6.9072. The greenback ended onshore trading Wednesday above CNY6.92. (
[email protected];
@kevinkingsbury)
0108 GMT - The BoJ's "irregular" JGB purchases, along with some moves it has made in previous months, is being taken as a signal that the central bank is moving toward "yield normalization," says Takahiro Sekido, Japan strategist at MUFJ Bank. Folks are awaiting the next months, including an upcoming meeting of the BoJ with market participants toward month-end. Sekido thinks that may be where the central bank "indicates its intention on how to normalize yield." He's also watching the BoJ's JGB and TDB purchases. Still, it remains sensitive to causing market gyrations which may cause the yen to strengthen. While Sekido says global markets must be carefully watched for contagion, he believes the latest weakness is a correction. (
[email protected])
0103 GMT - Luci Ellis, the RBA's chief economist and formulator of the bank's economic forecasts, says monetary policy settings need to remain easy to lower spare capacity. While there is spare capacity remaining, it is important for policy to support above-trend growth and work that spare capacity down, she says in a speech in Melbourne. "It can take a while for spare capacity to be absorbed. Therefore policy settings might need to be expansionary for a number of years," she adds. The RBA has held interest rates at a record low 1.5% for more than two years. Some economists expect its period of inaction to extend into 2020. (
[email protected]; Twitter
@jamesglynnWSJ)
0038 GMT - Behind the dollar-yen's slide the past day is in part Nikki Haley's pending departure as America's ambassador to the UN and Trump criticizing the Fed's rate policy, says Oanda's Stephen Innes. That's adding to markets "leaning lower" of late on the potential of a shift in BoJ policy, he adds. The dollar is around Y112.25 in Asian trading after earlier hitting Y112.05. It was at Y113 yesterday afternoon. The pair on Wednesday logged its 5th-straight drop. (
[email protected])
0035 GMT - The Australian dollar's decline looks set to extend, says ANZ, predicting a drop below US$0.70 in early 2019 amid an anticipated deterioration in global risk appetite--seen somewhat in the overnight slump in US stocks--rather than any substantial change in the outlook for commodities prices or Australian interest rates. But the bank adds the final phase of weakness for the Aussie is nearing, saying a drop below US$0.70 will present medium-term value opportunities. It's currently at US$0.7069. (
[email protected];
@jamesglynnWSJ)
0014 GMT - As the risk-off trading seen in US equities and commodities trading overnight, the safe-haven yen is adding to overnight gains in early Asian trading. The dollar is just above Y112, versus Y112.36 in late New York trade and Y113 yesterday morning. Through Wednesday, the dollar had fallen 5-straight days versus the yen and logged the biggest week-long drop since February at 2%. And with a late drop in Treasury yields during US trade, 10-year JGB yields are down a basis point at 0.14% and 30s are down 2bp at 0.92%. The Nikkei is down 3.2% at 22744, leading the early declines in Asia. (
[email protected])
(END) Dow Jones Newswires
October 10, 2018 23:33 ET (03:33 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
