Forex/Cryptocurrency General Chit Chat Thread

[Mr.Canberra]

sgd cannot anyhow say. later get banned.

Why? You scared get arrested with the fake news legislation?

 

[havetheveryfun]

BTC 6600. Chua sai?

If I play NO STOP LOSS for BTC I am sure that buay kan act blur joker sure gloat like crazy.

got ppl recommend others to play no stop loss on stocks then say is follow u

 

[Mr.Canberra]

got ppl recommend others to play no stop loss on stocks then say is follow u

Who sia?

Any link? Mai spread fake news hor!

 

[Mr.Canberra]

Yah
Best is follow mr Canberra
No stop losses
But possible heavy losses as a result
Dyodd

Found it hahaha.

Will comment when have more time. Now jiak hong.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (APR 2-6, 2018)

EURUSD:

Technical Outlook: The EURUSD continues to play the range as price action over last Wednesday and Thursday was seen giving up the gains from earlier in the week. EURUSD maintains the range within 1.2466 and 1.2213 levels with the near term support seen at 1.2323. Following last Thursday’s break down below 1.2323, we expect to see further downside in store. In the near term, EURUSD could be seen consolidating near 1.2323 level following which a reversal at this area could signal a decline toward 1.2213 – 1.2184 level of support. In the event that the currency pair moves back above 1.2323, then we expect further upside in store with the new range of 1.2466 and 1.2323 coming into play.

Fundamental Outlook: Following a quiet end to the month of March, economic data from the Eurozone picks up steam. The week starts off with the manufacturing and services PMI coming out for the month of March. Given that Monday is bank holiday in most parts of Europe, trading is expected to remain thin. Later in the week, the flash inflation estimates for March will be released. This could potentially shed some early insight into how consumer prices behaved. Inflation is typically expected to rise around the periods of March – April, therefore an upside surprise cannot be ruled out. This week will also see the release of the ECB’s monetary policy meeting.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (APR 2-6, 2018)

GBPUSD:

The GBPUSD continues to trade above the big psychological number 1.4000 after it successfully avoided finishing the week below this important support level. However, we still can’t rule out a sell off below 1.4000 so we can retest the 200 moving average. But, any break below 1.4000 should quickly fade away unless we post a daily close below which will open the door for a much deeper pullback and possibly a retest of the intraday support level 1.3900.

The stochastic indicator is already in oversold territory for quite some time now and because of that the bulls still have the first chance next week. On the upside, we can note minor resistance level at 1.4050 but the real resistance comes at last week high 1.4244 which can be challenged again. However, since we’re still in consolidation the bulls need to take this year high 1.4315 for the bullish trend to make considerable gains. We only have a few notable risk events scheduled on the UK economic calendar. First, Monday is bank holiday due to Easter holiday so low trading activity should be expected. Tuesday we have the Markit Manufacturing PMI figures and Wednesday the PMI construction figures that can produce some volatility.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (APR 2-6, 2018)

USDCHF:

Technical Outlook: The USDCHF currency pair posted strong gains last week with price action culminating into a sideways range around the 0.9500 level. The upside is expected to prevail on a breakout above the current highs. USDCHF is likely to extend the gains toward the 0.9629 level of resistance which also marks the completion of the measured move from the ascending triangle pattern break out. Given the ranging markets these days, USDCHF could also risk pushing lower to retest the 0.9426 level where support could be formed.

Fundamental Outlook: Data from Switzerland this week will see the release of the retail sales data followed by inflation report. The monthly unemployment figures will be coming out but the data is unlikely to move the Swiss franc much. Focus will be on a busy week for the U.S. dollar. Data from the United States includes the ISM manufacturing PMI and the ADP payrolls during the first part of the week. This will eventually culminate into Friday’s payrolls report.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (APR 2-6, 2018)

USDJPY:

Technical Outlook: The USDJPY currency pair was seen rising higher last week which potentially signals that a bottom was in place. In the near term, we expect to see a gradual decline back to the support level at 105.78 – 105.42 region. A retest of support at this level could signal further upside with the resistance at 108.43 coming into the picture. Alternately, a break down below the support level could keep USDJPY to continue with its consolidation. However, given that the trend line has been breached, we expect the upside momentum to prevail.

Fundamental Outlook: The economic calendar from Japan is light with the week starting off with the final manufacturing PMI data on Monday. Other details over the week includes the Japanese consumer confidence data and household spending report. The average cash earnings will be an important release of note as an increase in wages could potentially foretell higher consumer spending and therefore higher consumer prices. Japan’s inflation rate has been steadily growing albeit at a very slow pace. However, the trend has been largely encouraging for BoJ officials.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (APR 2-6, 2018)

USDCAD:

The USDCAD trading range got even tighter as we finished previous trading week almost where we started it. The support level 1.2800 continues to hold the downside for the time being which can give us hopes we can see another attempt to challenge the big psychological number 1.3000. We believe that any attempts to break above 1.3000 will fail and later in the week we expect the 1.2800 support level to give up.

The stochastic indicator is moving away from oversold territory which supports our initial view of 1.3000 levels being tested again. However, a significant daily close above 1.3000 can open the door for a break above the swing high 1.3125. On the downside, a break below 1.2800 will open the door for a test of the next important support level 1.2688. The Canadian economic calendar has one major risk event on Friday as the Unemployment figures are scheduled to be released. On the same day we also have the highlight risk event of the week as the US NFP report is scheduled to be released. The unemployment rate is expected to drop to 4% versus 4.1% previous reading but the number of new jobs added is going to be in the region of 200k.

 

[Mr. Wood]

WEEKLY FOREX MARKET OUTLOOK: (APR 2-6, 2018)

AUDUSD:

The Aussie has made a new marginal low but no real follow through was seen. As long as we trade above last week low 0.7643 the bullish side should prevail. However, a daily break and close below 0.7643 can help the bearish trend to extend to our next major support level at 0.7500.

The stochastic indicator is already in overbought territory so we need to give it more time to reset before the bulls can have any chance. Last week high 0.7757 remains the line in the sand for the bears. A break above it can open the door for a retest of the resistance level 0.7800. The Australian economic calendar is heavy on risk events. On Tuesday the RBA will announce its interest rate decision while on Thursday we have the Trade balance figures.

 

[Mr. Wood]

Economical data release this week. All times local SST


Apr 2
11:00pm USD ISM Manufacturing PMI

Apr 3
1:30pm AUD Cash Rate
5:30pm GBP Manufacturing PMI

Apr 4
10:30am AUD Retail Sales m/m
5:30pm GBP Construction PMI
9:15pm USD ADP Non-Farm Employment Change
11:00pm USD ISM Non-Manufacturing PMI
11:30pm USD Crude Oil Inventories

Apr 5
10:30am AUD Trade Balance
5:30pm GBP Services PMI
9:30pm CAD Trade Balance

Apr 6
9:30pm CAD Employment Change
CAD Unemployment Rate
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate

Apr 7
12:15am GBP BOE Gov Carney Speaks
2:30am USD Fed Chair Powell Speaks

 

[ExtremeWays]

Economical data release this week. All times local SST


Apr 2
11:00pm USD ISM Manufacturing PMI

Apr 3
1:30pm AUD Cash Rate
5:30pm GBP Manufacturing PMI

Apr 4
10:30am AUD Retail Sales m/m
5:30pm GBP Construction PMI
9:15pm USD ADP Non-Farm Employment Change
11:00pm USD ISM Non-Manufacturing PMI
11:30pm USD Crude Oil Inventories

Apr 5
10:30am AUD Trade Balance
5:30pm GBP Services PMI
9:30pm CAD Trade Balance

Apr 6
9:30pm CAD Employment Change
CAD Unemployment Rate
USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate

Apr 7
12:15am GBP BOE Gov Carney Speaks
2:30am USD Fed Chair Powell Speaks

Powell will flip prata boh?

 

[Takodoro]

Will jpy rise if Japan ganna tsunami and earthquake?

 

[ExtremeWays]

Will jpy rise if Japan ganna tsunami and earthquake?

Think the edge is eaten away.

It rises when the Western countries are in troubles.

 

[5star_pundit]

monday wlll be another roller coaster ride first down then up again b4 closing strongly

 

[Mr. Wood]

Powell will flip prata boh?

powell no flip prata many others will

 

[Takodoro]

Think the edge is eaten away.

It rises when the Western countries are in troubles.

So short JPY all the way?

 

[Takodoro]

0129 GMT - [Dow Jones] The Bank of Japan's tankan corporate survey shows price pressures are rising. The index measuring manufacturers who expect their product prices to rise minus those who expect falls came to 4, higher than 1 in the previous survey. "It suggests that consumer price inflation will rise to around 1.5% over the coming months," says Capital Economics senior Japan economist Marcel Thieliant. In February, core inflation, which excludes fresh food prices, rose 1% for the first time in three and a half years. (megumi.fujikawa@wsj.com)

 

[Takodoro]

0226 GMT - [Dow Jones] Large Japanese manufacturers' dollar assumption rate of Y109.66 in the BOJ's tankan survey doesn't fully reflect recent yen rises because many firms likely submitted their answers before a rapid strengthening of the yen, says Mizuho Research Institute economist Haruka Ono. The deadline for the survey was March 12. The dollar fell below Y105 for the first time in 16 months on March 23. "Some of the companies may have thought the yen's appreciation would be only temporary," she adds.(megumi.fujikawa@wsj.com)

 

[ExtremeWays]

So short JPY all the way?

What's your overall portfolio positions?