US Presidential Debate – Markets shrug it off
October 23, 2020 by Mario Soto
It seems the new mute button implemented in this debate has had an effect on the markets as well. The [...]
Đọc thêmUS Presidential Debate – Markets shrug it off
October 23, 2020 by Mario Soto
It seems the new mute button implemented in this debate has had an effect on the markets as well. The US dollar index is holding onto overnight gains whilst the markets are remaining quite flat. On stimulus talks, President Tump and Biden, like two children in the headmasters office have pointed the finger at one another for not being able to reach a stimulus deal. Trump argues that he has approved three proposals but House Speaker and Democrat Nancy Pelosi wont pass any bills till after the election. On covid, the President has downplayed resent outbreaks and as always given himself a big pat on the back and a high five by saying "I have been congratulated by the heads of many countries on what we have enabled to do, if you take a look at what we have done in terms o goggles and masks and gowns and everything else, and in particular, ventilators". This when asked how he will handle a third wave. He continued on to say "It will go away, and as I say, we are rounding the turn, we're rounding the corner, it is going away". Not a solution or plan on what he would actually do but Biden didn't inject too much confidence in his ability to handle a further outbreak. Biden instead deflected by pointing out that 220,000 Americans are dead on Trumps watch. "I will make sure that we have a plan". All in all this debate was much more civilized than the first. With fewer interruption than the last especially from the President who had 77 interruptions last time to his name. This was a much needed change for Trump who lags behind his candidate in the polls. Showing a more sophisticated side to him with a strong set of leadership. I would have the president on top for this one. But get the peanuts for this circus is going to be a cracker over the next week. #USPresidentialDebate #USdebate #Presidentialdebate #Trump #Biden #tumpvsbiden #covid #stimulus
Asia Capital Markets Promo #1: Free iPhone 11 Pro Max
August 6, 2020 by Mario Soto
Yes, that’s right, we are giving away free iPhone 11 Pro Max to new traders. Terms and conditions apply. Don’t [...]
Đọc thêmAsia Capital Markets Promo #1: Free iPhone 11 Pro Max
August 6, 2020 by Mario Soto
Yes, that's right, we are giving away free iPhone 11 Pro Max to new traders. Terms and conditions apply. Don't miss this opportunity! Sign up now!
Gold Price up 0.18%
October 19, 2020 by Mario Soto
Gold traded to a high of $1902.93 today, a gain of 0.18%. However, how will it hold up at these [...]
Đọc thêmGold Price up 0.18%
October 19, 2020 by Mario Soto
Gold traded to a high of $1902.93 today, a gain of 0.18%. However, how will it hold up at these levels. $1,897 representing a key level of support. A failure to come bounce back from here could see the yellow metal take another tumble to September lows of $1,848. With little to no news to come out which will negatively impact the financial markets, a bullish rally seems unlikely for gold. One key factor which needs to be pointed out is the stimulus package coming out in the US. Followed by the US election, we can see the stimulus become a needed support for gold due to the increased jobless claims which we can only expect to rise in the coming months. With this we can see a move north but nothing like we had in August. Technical Outlook Failing to hold above $1,897 could see the bearish pressure form for the XAU/USD. A break bellow here consider a target to it's next key support at $1,875 followed by 1,848 Septembers low. On the upside look for resistance at 1,920 followed by $1,950 and $1,982. #gold #goldtrading #forex #forextrading,
US Consumer Sentiment
October 16, 2020 by Mario Soto
Traders sit stranded as they wait for the Michigan Consumer Sentiment numbers to sail in. Not much change is expected [...]
Đọc thêmUS Consumer Sentiment
October 16, 2020 by Mario Soto
Traders sit stranded as they wait for the Michigan Consumer Sentiment numbers to sail in. Not much change is expected with optimism dropping due to caution surrounding corona. People will await the election result to see what will come of the economic policy for 2021. Expectations show that the MCSI will increase to 80.5 from 80.4 in September. #MichiganConsumerSentiment #CSI #AmericanCSI #RetailSales #USD
Markets today
October 21, 2020 by Mario Soto
Markets are flashing green today with currencies and gold rallying against the dollar. Bitcoin crack $12,000 and WTI is in [...]
Đọc thêmMarkets today
October 21, 2020 by Mario Soto
Markets are flashing green today with currencies and gold rallying against the dollar. Bitcoin crack $12,000 and WTI is in recovery. It seems that hopes of a US stimulus package has injected some life back into the buyers. Lets take a look at the day so far. In today's Asia session, we have seen the AUD/USD near it's next resistance level at 0.7100 intraday. A break beyond this could see it push toward 0.7135. however failure to hold above 0.780 could see the pair fall to 0.7055 (previous weekly low). The EUR/USD has gained momentum and looks to break the glass ceiling. Trading at it's highest level in a month at 1.1849. However traders will be all ears when ECB President makes her speech at 07:30 GMT with the likelihood of it being a dovish one. A break past 1.1855 could see a move to 1.1888 followed by previously monthly high of 1.2011. On the downside, a break below 1.1827 could see it fall to 1.1776 . Gold has been shining bright of late with the bulls maintaining control above $1,900. This all off the back of US stimulus talks. Crucial resistance levels stand in the way of the yellow metal reaching the psychological barrier at $1950. although optimism remains strong a stimulus package to be agreed upon prior to November 3, creating less demand for the dollar and more for gold. Sentiment will remain bullish but we see resistance form at $1925 and $1933, followed by a psychological barrier at $1,950. Bitcoin has been the talk around town today. $12,000 has been a tough psychological barrier for the flagship cryptocurrency. Question remains, which of the other crypto's will follow? So far we see Ethereum down 4% with no signs of a turn around. XRP seems to be slipping also and showing signs of a bearish breakout. #XAU #Gold #XAU/USD #AUD #AUD/USD #Aussie #Bitcoin #Cryptocurrencies #USstimulus,
RBA Minutes-Will cash rate hit 0?
October 20, 2020 by Mario Soto
The meeting minutes for October come and gone with with a lot of it’s attention focused on the affects of [...]
Đọc thêmRBA Minutes-Will cash rate hit 0?
October 20, 2020 by Mario Soto
The meeting minutes for October come and gone with with a lot of it's attention focused on the affects of the covid-19. The Aussie had little to hold on to prior to the meeting minutes and almost nothing to hold onto except sharp knives after the minutes. The AUD/USD has broken its support falling a further 100 pips after the RBA's Assistant Governor Kent's speech. The Minutes Members agreed that the global economy is in recovery. However they yielded to the fact that this is much dependent on the continuation and speed of the covid-19 recovery. Recovery in Australia remains steady in most of the country. Melbourne being the obvious exception. Unemployment and underemployment figures are expected to remain high for a while longer although it was stressed that the rate of unemployment has to be of top priority if we want to see any form of recovery in the near term. Fiscal and monetary support will be needed as high unemployment weighs in on the economy. The biggest news to take out of the minutes was the discussion of reducing the cash rate and the 3-year yield to zero. This would release some financial pressure to Australian household and hope to inject money back into the economy. #RBAMinutes #AUD #AUDUSD #cashrate #coronavirus #covid-19 #globalrecovery
RBA Minutes what it means for the AUD
October 19, 2020 by Mario Soto
AUD is currently trading at 0.70655. There is not much news to support the Aussie and all hopes lie on [...]
Đọc thêmRBA Minutes what it means for the AUD
October 19, 2020 by Mario Soto
AUD is currently trading at 0.70655. There is not much news to support the Aussie and all hopes lie on the RBA minutes as we await the speech from Christopher Kent. If the AUD/USD pair continues to trade around the daily lows, bearish moves will be more likely. Wait for confirmation at a break at 0.7050 with a target set of 0.7020 followed by 0.6990. On the upside, a break beyond 0.7100 could see a bullish run towards 0.7132 followed by 0.7175. #RBAMinutes #AUD #AUDUSD #ACM #AsiaCapitalMarkets
Hot Off The Press
October 16, 2020 by Mario Soto
British Prime Minister Boris Johnson has come out saying that businesses in the UK need to prepare themselves for an [...]
Đọc thêmHot Off The Press
October 16, 2020 by Mario Soto
British Prime Minister Boris Johnson has come out saying that businesses in the UK need to prepare themselves for an Australian type deal with the European Union. But what does this mean an "Australian Style" deal? Well firstly it must be stated that the PM was pushing for a Canada style deal whereby they agree to a free-trade agreement with the European Union. However the EU was having none of it. So just like his push for the Australian point system to try and take back control of the borders, Boris would like to revisit the Australian style of no trade tolerance they have with the EU. A decades old headbutting between the two nations. But Boris believes this to be better than no deal at all. The market didn't take well to the PM's comments as we saw the GBP/USD drop more than 60 pips whilst the EUR/GBP shot up to 0.9093, an increase of 0.35%. #GBPUSD #EURGBP #BREXIT #Australiastyle
.png)
.png){kind=logo}