ForexJohn
Top
“ No formal negotiation with EU until backstop dropped.” from UK PM spokeman
British Prime Minister Boris Johnson's spokesman crossed the wires in the last minutes saying that they have been very clear that there can not be a formal negotiation with the EU until the backstop is dropped. The spokesman further announced that more information on Brexit preparations will be publ...
Details
test post
The USD/CAD pair’s sustained trading beyond 200-day simple moving average (DMA) enables it to remain firm around 1.3330 during Tuesday’s Asian session.
Despite geopolitical tension in Syria, and also concerning Iran, oil prices fail to rise as the USD’s overall strength disappoints commodity buyers. As a result, the Loonie pair also have to register gains.
Despite geopolitical tension in Syria, and also concerning Iran, oil prices fail to rise as the USD’s overall strength disappoints commodity buyers. As a result, the Loonie pair also have to register gains.
USD/JPY is now expected to trade within a sideline theme in the short-term horizon, suggested FX Strategists at UOB Group.
While USD edged to a high of 106.69, the advance lacks momentum and is viewed as part of a broader sideway trading range. That said, there is room for USD to rise to further even though a break of 107.00 would come as a surprise. Support
While USD edged to a high of 106.69, the advance lacks momentum and is viewed as part of a broader sideway trading range. That said, there is room for USD to rise to further even though a break of 107.00 would come as a surprise. Support
The Asian bounce in the AUD/USD pair lost leg just shy of the 0.68 handle in early European trades, with the spot now extending the retreat towards 0.6770 region, as risk-off grips the European markets amid lingering US-China trade fears.
Against our expectation for a test of 1.2195, GBP dropped quickly from 1.2172 to 1.2105 before recovering. The price action suggests GBP has moved into a consolidation phase. In other words, GBP is expected to trade sideways for today, albeit at a lower range of 1.2100/1.2165”.
European Shares Set For Cautious Start After Rally
European stocks may open largely unchanged on Tuesday after sharp gains the previous day.
Asian markets nudged higher as signs that policymakers were willing to do more to boost growth helped improve investors' appetite for risk.
Finnish central bank governor Olli Rehn said on Monday that the European Central Bank (ECB) is determined to act if the medium-ter... Details
Asian markets nudged higher as signs that policymakers were willing to do more to boost growth helped improve investors' appetite for risk.
Finnish central bank governor Olli Rehn said on Monday that the European Central Bank (ECB) is determined to act if the medium-ter... Details
EUR has finally succumbed to the downside pressure and is extending the recent breakdown of the 1.1100 handle on the back of shrinking ‘repatriation’ forces, renewed buying interest surrounding the buck and expectations of ECB easing. That said, sustained bullish attempts in the pair still look flimsy amidst ECB’s preparations for a fresh wave of monetary st
EUR/USD is struggling for direction in the lower bound of the weekly range near 1.1070.
Occasional bullish attempts are expected to fail in the 1.1141/45 band, where are located the 21-day and 10-day SMAs.
While below the 55-day SMA at 1.1224, a deeper pullback to, initially 2019 lows at 1.1026 remains well on the table.
Occasional bullish attempts are expected to fail in the 1.1141/45 band, where are located the 21-day and 10-day SMAs.
While below the 55-day SMA at 1.1224, a deeper pullback to, initially 2019 lows at 1.1026 remains well on the table.
European Shares Mixed In Cautious Trade
European shares were trading mixed on Tuesday after two consecutive sessions of gains.
Italian politics remained a key focus as Prime Minister Giuseppe Conte faces a no-confidence vote in parliament after hard-line Interior Minister Matteo Salvini pulled the plug on the shaky populist coalition.
Traders also remained focused on the minutes of the U.S. Federa... Details
Italian politics remained a key focus as Prime Minister Giuseppe Conte faces a no-confidence vote in parliament after hard-line Interior Minister Matteo Salvini pulled the plug on the shaky populist coalition.
Traders also remained focused on the minutes of the U.S. Federa... Details
Market's red flags despite a calm surface
The financial markets continue their neat recovery, following renewed optimism around the progress of U.S.-China trade negotiations. There is also hope that stimulus from the world’s largest governments will spur economic growth.
The S&P 500 added 1.2% on Monday, Dow grew by 1%. Futures on these indices also added 0.3% in the morning, supported by hopes ... Details
The S&P 500 added 1.2% on Monday, Dow grew by 1%. Futures on these indices also added 0.3% in the morning, supported by hopes ... Details
EU's Tusk: Backstop is insurance to avoid hard border on island of Ireland
Ahead of British Prime Minister Boris Johnson's meeting with the EU leaders later this week, "The backstop is an insurance to avoid a hard border on the island of Ireland unless and until an alternative is found," European Council President Donald Tusk tweeted out.
"Those against the backstop and not proposing realistic alternatives in fact support reestabli... Details
"Those against the backstop and not proposing realistic alternatives in fact support reestabli... Details
With the lack of fresh directives, Gold remains below $1,500 during the Asian session on Tuesday. Gold awaits fresh clues to extend the latest declines below 10-DMA.
The recent up move in USD/JPY was on the back of declining open interest and volume in the Japanese safe haven. That, coupled with declining prices, opens the door for a potential correction lower in spot to, initially, the 106.00 neighbourhood.
The GBP/USD pair consolidates the 45-pips sharp drop seen in the European opening trades, as the sellers continue to hold ground near the 1.21 handle amid growing Brexit uncertainty.
Risk Appetite Improves Amid A Quiet Day
The markets opened to a quiet trading day with no major fundamentals dictating the flows. Economic data was also limited to that from the eurozone. Meanwhile, the US administration was seen giving China’s Huawei a 90-day grace period, easing tensions. Traders remain cautious ahead of the key events this week which focus on monetary policy.
Euro Comes Under P... Details
Euro Comes Under P... Details
Leading trading community, gathering global investors
Experience a new community trading model, share strategies and exchange ideas with traders from the world.
We import deep learning technology based on big data analysis to resolve the value transformation of global investors.
Follow the trader and set the follow strategy. After the trader places the order, CopyTrade synchronously places an order for a follower according to the strategy.
Strong professional and compatible online trading tools, and integrating trading data and information functions
According to the user-defined risk control settings, All day around real-time monitoring to ensure account security
User Reviews
"Community is great with trader rank. All kinds of data can be seen, such as, history orders, open price, close price. It's really meticulous."
— Nick
"Really suitable for new user like me. There are many masters to see their trading records, and follow orders. But do your best to control the S&L. I also could chat with masters to make friends and learn a lot. It is pretty enjoyable in total."
— Summer
"Recently, friends come to the website. It feels like I just entered trading in years ago. There are a lot of conversition every day. I found the initial intension of trading. More than trade, it is really wonderful."
— Jason
