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EURUSD Where is The Bottom?

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1st Target has been hitted, Where is the botton? We are looking in to short entry positions below 1.2200 with eyes on the 1.2000 target.
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How to Trade the Market

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How to Trade the Market   First find what type of trader are you. If you are going to hold your position for a day? Feel days? Weeks perhaps months? The reason I am asking this question is, there is no point to look into long term charts if your trade is not going to last the whole day and not point ether to look in to charts of 15min if you are going to hold your position for the trend. You are not going to find an 800 pip move on a 1 hour chart. Small charts are used by the day traders, they looking in to a buying small dips and selling at small rallies. At occasion they might cause you frustration as they prevent market movement during the day. Would not recommend a buy bottoms and sell tops as a general rule, I suggest buy strength and sell weakness, comparing pair is a good practice to find strong and weak opportunity. Take partial small profit quickly and leave a break even on the rest of the trade is a good strategy as you would secure a small profit in
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EUR/USD Sellers in Control

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The Pair has been in control of the sellers, at the moment is testing the 1200 levels were will expect a strong support from the buyers. If support fail to hold,  a very good opportunity to short the pair will be on the table, the pair still above the MA200 and holding well at 1.210 levels. Short Entry: Breaking below the 1.200 levels and the Moving Average 200 and wait for a bounce back to join a short position.
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Bitcoin New High and Looking Unstoppable

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Bitcoin hits a new high and looking unstoppable,  as we speak the price is at $ 9363 , and all signs of a bull runner has been confirmed. Also play`s above the MA 200 Past weeks also indicates a good momentum to cryptocurrency`s in all, major Banks as JP Morgan Chase, Barclay`s Bank and some big investors are coming in to play. Other major cryptocurrencies has been boosted by Bitcoin resurgence include Ethererum , Litecoin, Bitcoin Cash and some Altcoin.
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USDJPY Trading at 10 Weeks High

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USDJPY USDJPY is trading at 10 weeks high as bond yields are the focus of the day. US stock Market is trading at mix feelings and the good earnings are not really enough to push to a convince long move. Tensions at Asia has eased out us at a Risk Off scenario with a less demand of Japanese Yen witch is taken as a safe heaven on market uncertainty. As we speak the trend is bullish and should continue for the week ahead, CPI and interest Rate data release late this week should confirm.
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Registration system for EU citizens in the UK

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The British government launched last Saturday a system created to register the stay of EU citizens living in the United Kingdom, The process is free, and the application   is time at least until December 2020. To obtain the status of a settled status, you will need to prove that you have been in the United Kingdom for at least six months in each of these years in the last five years. Otherwise, the person submitting the application will receive a temporary pre-settled status, which can be changed after fulfilling the five-year requirement. If London agrees with Brussels regarding the conditions for leaving the Community, EU citizens will have until the end of June 2021 to register in the new system. In the case of hard Brexit, this time would be shortened until the end of December 2020. Initially, the registration in the system was 65 pounds (32.50 pounds for a child), but from Saturday, the earlier political announcement of Prime Minister Theresa May abo
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Bear Market

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Bear Market What is it and how to take advantage Means a market in which share prices are falling, encouraging selling. This is a definition by dictionary, but what actually this means for a investor point of view and drives the shares price d evaluate or the encouragement of the assets sell off? Usually the Exchange is marked by popular enthusiasm and speculation with positive sentiment indicators which drives the prices of an asset increase. Fundamentals appear extremely positive and due to the populism investors keep buying disregarding the actual price that has been paid for the asset purchased. Often overpriced buy the market. Those behavior does not reflect the actual value of a company and you should always look for the intrinsic value of a company to evaluate an opportunity. Intrinsic Value In finance, intrinsic value refers to the value of a company, stock, currency or product determined through fundamental analysis without reference to
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Week Ahead

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Monday 2.30am – China GDP (Q2): growth expected to be 6.2% YoY and 1.5% QoQ. Markets to watch: China indices, CNH crosses 1.30pm – US NY Empire State mfg index (July): index to rise to 0.5 from -8.6. Markets to watch: US indices, USD crosses Tuesday 2.30am – RBA meeting minutes: these will provide further clarity on the decision to cut rates. Markets to watch: AUD crosses 9.30am – UK employment data: June claimant count to fall to 22,900 from 23,200, while the unemployment rate holds at 3.8% and average earnings rise 3.2% in May excluding bonuses. Markets to watch: GBP crosses 10am – German ZEW index (July): economic sentiment to rise to -5.9 from -21.1. Markets to watch: EUR crosses 1.30pm – US retail sales (June): sales to rise 0.3% MoM from 0.5%. Markets to watch: US indices, USD crosses Wednesday 9.30am – UK CPI (June): inflation to rise 2% YoY and 0.3% MoM, with core CPI up 1.9% YoY and flat MoM. Markets to watch: GBP cros
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Johnson & Johnson’s single-dose COVID-19 vaccine

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Johnson & Johnson’s single-dose COVID-19 vaccine it could represent a  game changer and it could ensure we are vaccinated at a faster pace Johnson & Johnson (JNJ) started shipping its COVID-19 vaccine early this week and looing to increase supply fast. Johnson and Johnson’s vaccine is reported 72% in preventing moderate-to-severe COVID-19 in the U.S. Source:   https://finance.yahoo.com/news/johnson-and-johnson-single-dose-vaccine-is-absolutely-a-game-changer-vaccinations-to-pick-up-171204467.html
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FCA proposes ban on cryptocurrency products

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The UK’s markets regulator has proposed a ban on financial instruments linked to digital cryptocurrencies, warning that such products could cause huge losses for retail consumers unlikely to understand their risks or value. The Financial Conduct Authority (FCA) said products such as derivatives and exchange-traded notes (ETNs) that reference crypto-assets were “ill-suited” to small investors. It cited their “extreme volatility”, the difficulty in valuing them, consumers’ patchy understanding of what they were buying and the increased risk of financial crime. Investors might “suffer harm from sudden and unexpected losses if they invest in these products”, the FCA said, estimating that a ban would benefit consumers to the tune of between £75m and £234.3m a year. Source: Theguardia n
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Canadian Food Sector Prepares for Edible Cannabis

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The food industry is a $200-billion sector Canadian cannabis Market had bust news this week, a total of 59 new products were offered for sale by the Ontario Cannabis Store. The number of products available should increase to 100 in the coming months Between the products are edibles and drinks went on sale last Monday aiming no smokers consumers. The edibles is expected to had a much high profit margin and should help to recover the Canadian cannabis market and in certain extension fight against the cannabis black market. The government is also proposing changes in the legislation to facilitate the establishment of retail stores by licensed producers related to their production sites, which would further increase consumer access to legal retail stores.
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President Donald Trump prepares to slap new tariffs

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Investors are bracing for signs of pressure on U.S. consumers as top retailers begin reporting quarterly results next week and key consumer sentiment and retail sales data is released. Trump’s planned 10% tariff on the remaining $300 billion in Chinese imports, which will largely affect consumer goods, unlike the previous round that fell heavily on industrial and business products. That could be a double-whammy for the U.S. economy, which is about 70 percent driven by consumers, and retailers. The S&P Retail index .SPXRT fell a total of 5.3% in the first three trading sessions following Trump’s Aug. 1 tariff announcement. As of Thursday’s market close, the index was down 1.6% for the month so far. Morgan Stanley has estimated that 25% tariffs would lead to a global recession. Retailers will have the dilemma of deciding whether to pass the tariffs on to consumers in the form of higher prices or absorb the higher costs, which would reduce profit margins.
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