Would this be useful to anyone? Prevailing market sentiment graphs?
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10/06/21 11:53
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Hi @greenscorpio1000 Thanks for reaching out. You can use the platform to check how much the daily charge would be. You can add the Swap bid (Rate used to calculate your overnight funding) on the platform by searching Cocoa- London >> Right click on it and add to Watchlist >> Add the Watchlist to your Workspace. Once this is done, click on the three lines next to 'Market' on the top left and add Swap bid/Swap offer to view the expected daily rate. You simply take this rate and multiply it by your size to estimate the daily interest payment on your account. Overnight Funding = Bet Size x Rate Negative number is a charge Positive Number is a credit Using an example with the figures shown in the above screenshot, if you are short London Cocoa with bet size GBP2, your overnight funding will be GBP2 x -2.36 = -GBP 4.72 charge We have an example on How we calculate Overnight Funding for Commodities on our website. This will give you a clear indication if this will be a credit or a debit in your account. All the best, OfentseIG -
We are moving into ‘nonfarm payrolls Friday’ and the potential for volatility is significant after a broad mix of preceding employment statistics. While the employment report can certainly spur the markets like the S&P 500 and Dollar to action, traders should keep tabs on growing warnings from the IMF and Fed officials. Full article on DailyFX -
By tradinglounge · Posted
United Parcel Service Inc., Elliott Wave Technical Analysis United Parcel Service Inc., (UPS:NYSE): Daily Chart, October 7 2022, UPS Stock Market Analysis: Moving as expected, we are looking for further downside with at least one more move down. UPS Elliott Wave count: (iv) of {c} UPS Technical Indicators: We are below all averages UPS Trading Strategy: Looking to short on wave (iv) to potentially target equality of {a} and {c} at 148$. TradingLounge Analyst: Alessio Barretta United Parcel Service Inc., UPS: 4-hour Chart, October 7 2022 United Parcel Service Inc., Elliott Wave Technical Analysis UPS Stock Market Analysis: The subwaves are pretty clear which gives us additional confirmation. Looking for further downside and potentially a sideways wave (iv) alternating with wave (ii). UPS Elliott Wave count: Wave (iv) of {c}. UPS Technical Indicators: We are using the 20EMA as resistance as well we are starting to form RSI divergence. UPS Trading Strategy: : Looking to short on wave (iv).
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