Forex/Cryptocurrency General Chit Chat Thread

[gixera]

pivot point during US-NK summit?

 

[ExtremeWays]

pivot point during US-NK summit?

Dude, priced in liao

 

[Mr.Canberra]

Wow Air Force 1 landed in Singapore!

 

[Mr. Wood]

Economic datas. All times in SST.
wishing all a huat week

MonJun 11
4:30pm GBP Manufacturing Production m/m
4:30pm GBP Goods Trade Balance

TueJun 12
9:30am AUD NAB Business Confidence
4:30pm GBP Average Earnings Index 3m/y
4:30pm GBP Claimant Count Change
4:30pm GBP Unemployment Rate
5:00pm EUR German ZEW Economic Sentiment
8:30pm USD CPI m/m
8:30pm USD Core CPI m/m

WedJun 13
10:00am AUD RBA Gov Lowe Speaks
3:15pm CHF PPI m/m
4:30pm GBP CPI y/y
4:30pm GBP PPI Input m/m
8:30pm USD PPI m/m
8:30pm USD Core PPI m/m
10:30pm USD Crude Oil Inventories

ThuJun 14
2:00am USD FOMC Economic Projections
2:00am USD FOMC Statement
2:00am USD Federal Funds Rate
2:30am USD FOMC Press Conference
9:30am AUD Employment Change
9:30am AUD Unemployment Rate
4:30pm GBP Retail Sales m/m
7:45pm EUR Main Refinancing Rate
8:30pm CAD NHPI m/m
8:30pm EUR ECB Press Conference
8:30pm USD Core Retail Sales m/m
8:30pm USD Retail Sales m/m
8:30pm USD Unemployment Claims

FriJun 15
6:30am NZD Business NZ Manufacturing Index
11:30am AUD RBA Assist Gov Ellis Speaks
Tentative JPY BOJ Policy Rate
Tentative JPY Monetary Policy Statement
Tentative JPY BOJ Press Conference
5:00pm EUR Final CPI y/y
8:30pm CAD Foreign Securities Purchases
8:30pm CAD Manufacturing Sales m/m
8:30pm USD Empire State Manufacturing Index
9:15pm USD Capacity Utilization Rate
9:15pm USD Industrial Production m/m
10:00pm USD Prelim UoM Consumer Sentiment

 

[Mr. Wood]

Wow Air Force 1 landed in Singapore!

dun care
more important is can price prata or not?

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (Jun 11-15, 2018)

EURUSD:

Technical Outlook: The EURUSD currency pair managed to recover from the yearly lows posted a few weeks ago. Price action rallied last week to a three week high at 1.1840 before easing back. We expect to see some consolidation taking place at this level ahead of a possible correction to the downside. The breakout off the resistance near 1.1607 is likely to be tested for support. A rebound in prices could potentially keep the upside in the currency pair. However, if the EURUSD manages to breakout above the resistance level at 1.1848, then we expect to see the gains pushing the currency pair toward the 1.20 handle.

Fundamental Outlook: The economic calendar from the Eurozone for the week ahead is marked mostly by second tier data. The week starts off with the regional final inflation figures followed by the final inflation figures for the month of May. Preliminary estimates showed that consumer prices rebounded sharply during the month. Amid the economic reports, the ECB’s monetary policy meeting is likely to stand out. At the meeting, investors expect to hear from the ECB about its plans on ending the QE in September 2018. With the recent downtick in the Eurozone economic activity, the ECB’s decision will be closely watched. Interest rates are expected to remain unchanged at this week’s monetary policy meeting.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (Jun 11-15, 2018)

GBPUSD:

The GBPUSD has had an attempt to regain the big level 1.3500 but it failed and it produced a close below the big psychological number. While this is a confirmation that the bears are still in control, we can’t rule out the possibility of another attempt to challenge the big round number 1.3500. Only a strong breakout and a daily close above 1.3500 can signal a shift in momentum, but until then the downside should prevail.

The stochastic indicator is moving away from oversold territory and it supports the idea of seeing 1.3500 levels retested again. On the downside the first level of interest comes at 1.3240 followed by the current swing low 1.3200. As long as we trade above these two levels we can expect more consolidation. The UK economic calendar is filled with plenty of risk events that can disrupt the market volatility. Monday will bring the Manufacturing Production followed by the Trade Balance figures. Tuesday, traders need to keep an eye on the Unemployment data and Wednesday the CPI inflation figures can give volatility a boost. Last but not least important, Thursday we have the UK Retail Sales.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (Jun 11-15, 2018)

USDCHF:

Technical Outlook: The USDCHF currency pair was seen settling within the range of 0.9894 – 0.9821. Price action was seen holding steady within these levels for the most part of last week. The sideways movement in the currency pair could see a near term breakout down to the downside. A break below 0.9821 could send USDCHF pushing lower toward the 0.9629 level of support. This would mark a major correction in the currency pair and will also coincide with a firm retest of the breached resistance level at 0.9629.

Fundamental Outlook: Data from Switzerland remains quiet for the most part with only the producer prices index due over the week. Focus will shift to the USD where the Fed’s meeting underlines the week ahead. The FOMC meeting is due on June 14th where interest rates are set to be hiked by 25 basis points. The markets will also get a glimpse of the Fed’s quarterly projections and the press conference that will be held after the Fed meeting. Investors are bullish on the Fed as interest rates are likely to be hiked at least one more time this year. Besides the Fed meeting, other economic reports over the week will see the release of inflation data and retail sales.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (Jun 11-15, 2018)

USDJPY:

Technical Outlook: The USDJPY currency pair briefly rallied to a two week high last week testing 110.23 before easing back. The currency pair post losses as it reached the support level near 109.14. However, the consolidation between the price levels of 109.97 and 109.14 is expected to signal a potential breakout. To the upside, if 109.97 is breached, we expect to see the USDJPY rallying to test the next main resistance level at 110.66. To the downside, a break down below 109.14 could signal the currency pair to decline toward 107.77 region.

Fundamental Outlook: Economic data from Japan this week will see the week overshadowed by the Bank of Japan’s monetary policy meeting. The BoJ’s meeting is scheduled for Friday. No changes are expected from the BoJ after at the previous meeting, the central bank removed the time frame for inflation to reach the 2% target rate. This however brings some uncertainty to investors with the BoJ now having the flexibility to either increase its QE program or to start winding down the stimulus program. Recent activity from the BoJ also showed that it had slowed down its pace of short term bond purchases.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (Jun 11-15, 2018)

USDCAD:

The USDCAD continues to trade inside a very frustrating and a trading range that gets more narrowed by the day. This contraction in price suggests that sooner rather than later we should see trend expansion, but we need to wait for confirmation and a clear breakout to assert the direction of the break. The weekly close below the big psychological number 1.3000 is a sign of strong bearish momentum, but what we really need is a break below support level 1.2815 but more importantly below 1.2745 to confirm the bearish trend.

Otherwise, as long as we trade inside these price levels we should expect more consolidation. On the upside only a daily break and close above 1.3000 can open the door for a retest of the current yearly high 1.3124. There is no major risk events scheduled on the Canadian economic calendar, but we have some risks coming from the other side of the monetary policy spectrum. The US Federal Reserve is scheduled on Wednesday to hike rates to 2.00% from 1.75%. The interest rate decision is followed by the FOMC press conference.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (Jun 11-15, 2018)

AUDUSD:

The Aussie continues to trade above the big psychological number 0.7500 which is the reason why the AUDUSD has another change to retest the resistance level 0.7645. Last week high 0.7677 remain the key resistance level on the upside, but in order to see trend expansion to the upside we need a weekly close above 0.7677. The stochastic indicator is already in oversold territory which suggests that the downside should be limited moving forward.

Only a daily break and close below 0.7500 can shift the sentiment, but for the bears to have full control we really need a break below current swing low 0.7414. Until that happens, we can expect more consolidation. On the Australian economic calendar, we can note the following risk events. The RBA Governor Lowe is due to deliver a speech titled “Productivity, Wages, and Prosperity” at an Australian Industry Group event, in Melbourne. Thursday the Unemployment rate should provide more volatility and more clarity to the price action.

 

[Lex1989]

What book to read for EURUSD?

 

[Mr.Canberra]

dun care
more important is can price prata or not?

If summit ends in failure then volatility will come.

 

[ExtremeWays]

Wah kao UJ breaking 110

 

[Mr.Canberra]

The snakeoil troll returns.

 

[havetheveryfun]

The snakeoil troll returns.

give them the benefit of the doubt lor snake oil trolls will eventually show their foxy tails one

 

[Mr. Wood]

The snakeoil troll returns.

give them the benefit of the doubt lor snake oil trolls will eventually show their foxy tails one

as long as the sexpert keep it civil, not haolian and sell his wares.
I think everyone can huat good huat together here.

 

[Mr.Canberra]

give them the benefit of the doubt lor snake oil trolls will eventually show their foxy tails one

as long as the sexpert keep it civil, not haolian and sell his wares.
I think everyone can huat good huat together here.

https://chinese.yabla.com/chinese-english-pinyin-dictionary.php?define=狗改不了吃屎



I will be back to my trading desk by FOMC Meeting day. 4 consecutive trading days zero profit liao!

 

[Mr.Canberra]

Steady lah Uncle Trump. Now he has a new kaki to prata the market together!

Ok Summit over. Risk on mood lai liao.

 

[Mr.Canberra]

i think forex trading is not for u. u should find another venture or hobby

You really believe this keverus aka HTB troll/clone is newbie?

Can identify head and shoulders pattern formation on chart sia!