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[Caseynotes]

Overnight Indices, Oil and Gold up. Bonds down. Again.

UK and France bank holiday.

US NFP today at 1:30 pm minus 22 million expected. Turn the economy back on you utter morons.

JPY still down, AUD still up.

[Caseynotes]

Current IG client sentiment;

[Caseynotes]

7 hours ago, Caseynotes said:

US NFP today at 1:30 pm minus 22 million expected. Turn the economy back on you utter morons.

US NFP today at 1:30 pm minus 22 million expected. Turn the economy back on you utter morons.

Edited May 8, 2020 by Caseynotes

[Caseynotes]

Indices and Gold up. Bonds and Oil down.

JPY down, AUD up.

[Caseynotes]

Overnight Indices down. Bonds, Oil and Gold up.

JPY up, AUD down.

[Caseynotes]

Current IG client sentiment;

 

[Caseynotes]

Indices up slightly this morning after a down day yesterday. Bonds and Gold up. Oil down.

UK GDP and manu prod data out at 7am.

NZD down.

[Caseynotes]

Indices down, Bonds up.

Another 2.5 million expected to be added the the US unemployed today.

JPY up, AUD down.

[Caseynotes]

Indices, Gold and Oil up. Bonds down.

Ger and EU GDP. US indy prod and retail sales.

GBP down.

[Caseynotes]

Indices, Gold and Oil up. Bonds mixed. USD basket down. Japan into recession. CAD bank holiday.

[Caseynotes]

Indices, Bonds and Gold up. Oil down.

EU economic survey.

CHF down. GBP up.

[Caseynotes]

Indices, Bonds, Oil and Gold up. USD down.

CPI data today.

[Caseynotes]

Current IG client market sentiment;

 

[Caseynotes]

Indices and Gold down. Bonds and Oil up.

Another 2.4 million initial jobless claims expected in the US.

Powell speaks at 7pm.

USD up, AUD down.

[Caseynotes]

Indices and Oil up. Bonds and Gold down.

UK and US bank holiday. Ger GDP.

CHF down. GBP up.

 

[Caseynotes]

Indices, Gold and Oil up. Bonds down.

JPY down.

[Caseynotes]

Indices down then up again overnight. Gold down, Oil level.

EUR down, USD up.

[Caseynotes]

Overnight Indices up, Bonds down. Oil up after a drop and Gold up.

US GDP today.

EUR up JPY down.

[dmedin]

Last night was very ominous

[Caseynotes]

3 minutes ago, dmedin said:

Last night was very ominous

why?

[dmedin]

4 minutes ago, Caseynotes said:

why?

Cos prices dropped quite far and quite suddenly 🧐

[Caseynotes]

2 minutes ago, dmedin said:

Cos prices dropped quite far and quite suddenly 🧐

before rising again quite far and suddenly you mean;

 

[Caseynotes]

Hong Kong seemed the main cause yesterday evening with worries China was just going to take over completely and abandon the one country 2 system approach  and the US would be forces to respond in some way, but the worry seemed to dissipate over time.

[dmedin]

31 minutes ago, Caseynotes said:

before rising again quite far and suddenly you mean;

That violent up-and-down pattern often precedes a drop, look at Dax now

[Caseynotes]

A sudden up and down is often the result of news. In a bull market traders will usually check where support is on the London market open before moving on. Standing back and looking at the H4 chart it really just looks like a normal pullback so I wouldn't be as quick to flip or you end up flipping every 5 minutes.

 

[dmedin]

5 minutes ago, Caseynotes said:

looking at the H4 chart it really just looks like a normal pullback so I wouldn't be as quick to flip or you end up flipping every 5 minutes.

Yes, and generally 5 - 10 - 15 minutes isn't good for me

[Caseynotes]

1 minute ago, dmedin said:

Yes, and generally 5 - 10 - 15 minutes isn't good for me

the chart above is H4 and the daily pivot (magenta DP) is a good line in the sand for determining whether it's currently a bull or bear market, keep an eye on your MAs and if they are sloping and 'in order' (8>20>50) i might go with the counter flow but with a view to getting out early but generally I wouldn't chase price up and down but rather wait for price to move from one level to the next in line with the prevailing trend. 

[dmedin]

I have been chasing prices and given up my recent gains.  STRESS.

[andysinclair]

Stock indices positive this morning, FX flat and oil down.

IG clients short the major indices and very bullish on gold:

Built using https://www.excelpricefeed.com

[dmedin]

6 minutes ago, andysinclair said:

IG clients short the major indices

So is what's-his-face from GMO ...

Big boys short the S&P 500, little guys long!