NZDUSD – the pair doing a test of the 50 SMA and the trendline support of the last upward movement. Levels around 0.597 – 0.601 are a strong support area. If the daily bar closes above these levels – this… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]
Two limit down days in a week is definitely not a good sign and with the bears having just introduced there self yesterday, it looks like more pain is set to come. European equities are now nearing 7% losses on the day with Treasury yields staying pressured too. 10-year yields are now down by 16 […]
Iran is the first country asking the IMF for assistance on the virus crisis. Is this considered a bailout? The situation faced by many countries around the globe is quite unprecedented and it is not like any particular country has to restructure its policies or programs as this is mainly a health issue. It seems […]
Oil is declining again today. Oil market capitulation has emerged due to a number of conspiracy factors. First, the collapse in OPEC’s negotiations with Russia and its reluctance to agree to a reduction in oil production. Second, the effective declaration… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]
Chinese credit market data for January: Prior +8.4% New yuan loans ¥905.7 bn vs ¥1,120.0 bn expected Aggregate financing ¥855.4 bn vs ¥1,585.5 bn expected Money supply growth expands to its highest since February 2018 as China looks to loosen the reigns a little in order to spur domestic consumption and business investments amid the coronavirus outbreak in the country.
Trump thinks financial markets will bounce back: “The Dow hasn’t been that bad”. Traders wonder if -14% is “not so bad”, how “so bad” will look on the charts. The sale also looks set to continue into today’s Friday session, confirming the pennant formation and its breakthrough. Probable bottom test.
In a day where the S&P 500 is falling sharply at the time this was written and was reversing the majority of Monday’s record setting gains, there still is one sliver of the market that is actually managing to rally:… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]
Central bankers take first steps to ease policy as Carney warns shock ‘could be large’ Finance ministers and central bank governors from the leading western nations pledged on Tuesday to use “all appropriate policy tools” to maintain economic health as… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]
Reuters reports that a Bronx-area high school was closed today because of a suspected case. Kyodo reported earlier that a woman in her fifties in Tokyo tested positive for the virus. Other news: Iran’s oil minister won’t attend the OPEC meeting because of coronavirus worries Iran’s head of emergency services has been infected Oman’s cases double to […]