Apr 24, 2017 - (Chart of the Day) DAX - What next for bears ?

Hi,

today German Index DAX as our Chart of the Day:

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Most probably every bear around was dreaming about possible H&S formation ( blue on the chart below ) before market has open today. Unfortunately, right after the open ( and for the whole trading day ) the same bears were in rush to cover their shorts - again :) - after French election outcome.

So , what next ?

Most probably more squeeze ( false downside break from the channel suggest attempt to break higher ) and then.... sellers may have another chance to get back to the game, this time trying to trade BIG H&S ( red scenario on the chart below )...

Please don't hesitate to contact Us should you have additional questions.
We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading

Mr Price Action


DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com

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Feb 22, 2017 - Market Update

Short recap

Asian markets on positive note

EU to open higher

BoJ planning to be more transparent with announcing specific dates for bond buying operations (likely to avoid recent surprise moves)

Kuroda: ready to easy more

US Treasury Secretary Mnuchin-IMF Lagarde: IMF to evaluate FX levels and police FX policies

Fed Mester – at full employment, prices raising but don’t want to surprise the markets

US VP Pence delivered the marketing message of support for EU and NATO this weekend

But week earlier Chief Strategist Bannon had a different view

Spain is really firing at all cylinders with 2016 exports of EUR 255 bln from EUR 160 bln in 2009

Proof that the reforms they did earlier with weaker EUR work well for them

DAX to push higher behind 12 000 mark on strong data

US stocks with strong momentum but getting overvalued

Usually stocks grow with rising bond yields until 10 yr US Trys hit the levels around 3.9%

So there is still room but since US election we’ve got too high to fast

Daimler planning to build a plant near Moscow to produce Mercedes-Benz cars

It is a first major investment after announcing sanctions

Verizon agreed with Yahoo on lower takeover offer due to cyber attacks on Yahoo

EUR weakness not USD strength

Daily pivot: 1.0558

1^st daily support: 1.0502

2^nd daily support: 1.0468

3^rd daily support: 1.0412

76.4% Fibo: 1.0455, the level 1.0450/60 next strong support range

Low from 1997 at 1.0416

Then the lows of 1.0340 only

Gold weakness seen more against EUR than USD

XAUEUR printing new highs

Brent crude getting tighter as we get closer to potential squeeze

As calendar spreads for upcoming expiries rose substantially

What in turn can make the storing of oil outside US a losing trade

10 yr US Trys yields lower on softer PMI data yesterday but erased the loses later on

Currently at 2.45%, still below important resistance at 2.51/52%

GE-FR spread hitting 78 bps again on Le Pen

Data

GE: Ifo Business Climate Survey – to confirm the overall strength of GE economy, no big surprises expected

US: Existing Home Sales – set to surprise on positive side

FOMC Minutes – markets still not taking the Mar 15 meeting seriously despite Yellen’s testimony from last week

Minutes can shed a bit more light on whether Fed is eyeing to raise rates in March

Fed Powell speaking today, as he is a possible successor of Yellen

It is worth to watch him as he may provide additional clues on March hike amid strong figures from US

Good luck Champs!

Mr Hawk

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom

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Feb 20, 2017 - Market Update

Short recap

US markets closed on Monday on account of President’s Day (not to get confused with Trump, reference is to George Washington birthday)  :o)

CA markets closed as well on account of Family Day

DXY not reacting to Mar 15 hike increased likelihood (40%)

Fed likes to see the probability of rate hike above 75% to act

Will see whether Fed officials will be convincing enough to increase the probability before Mar 15

Kraft Heinz buying Unilever for USD 143 bln is off

US shale oil producers facing a rising costs (first time after couple of years)

Battle for German drug producer Stada keeps heating up with the latest Bain Capital acquisition proposal for USD 3.8 bln. The shares trading at new historic highs below EUR 58.

DAX likely to test 12 000 as strong underlying momentum continues

EURUSD – jumped from 1.0530 (61.8% Fibo) but range trading

Markets like to see the cross below 1.0700, pressured by political risks as well

1.0500/25 key for further testing below 1.0350

Lower Bund yields can be seen as risk off in EZ

10 yr Trys yields struggling to break 2.50% level, will see how market will react to hawkish comments from Fed officials

USDJPY – support around 112.50 + 23.6% Fibo + support in the form of descending trend line connecting high of Jan 3 & Jan 27

Then lows around 111.60

XAUUSD – still range bound 1220 (38.2% Fibo) and 1245/1250 (50% Fibo)

Data

UK: CBI Industrial Trends Survey – hard to say after Dec negative surprise but Brexit impact is more and more visible

EZ: Consumer Confidence Indicator – expected to stay steady but upcoming elections in EZ could weigh on sentiment

EZ FinMin meeting today, no resolution expected on Greece

Feb 28 – Trump before Congress, is he going to disappoint?

Putin supporting the EZ or EU collapse? Not really...

Putin is definitely not interested in collapse of EZ

36% of Russian foreign currency reserves are in EUR (USD 48%)

Russian businessmen invested heavily in EU

EU is the largest trading partner for Russia with exports worth of almost USD 100 bln to EZ, what equals to exports to the rest of the world

Foreign direct investments to Russia from EZ total 70% of all FDI flowing to Russia

Good luck Champs!

Mr Hawk

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom

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Jan 25, 2017 - Market update

A short review

USD slightly better but still under pressure from investors doubts about Trump policies

No corporate news supporting stocks higher, just reactions to Trump administration (executive orders on Keystone XL and Dakota pipelines)

DAX likely to break 11 692 today (watch Ifo data)

US earnings – strongest growth in operating profits but revenue is lackluster so far

Brasil – US banks published notes yesterday on tactical longs as the economy is turning around

EZ macro still improving

EU-Canada trade deal ready for EU Parliament vote

Brexit – US – EU/Merkel

May flying to US to meet with Trump on Friday

Hoping for a support deal but it is very unlikely

Trump likes to hammer the deals on one-on-one basic, not comfortable with supranational bodies like EU is

Also not comfortable with Angela Merkel who represents the continuity and pragmatic approach

This is something that doesn’t go well with his strategy of creating chaos and headlines

Data

Ifo survey data (GE) expected higher

CBI Industrial trends (UK) seen positive this month

Consumer Confidence Index (BR) seen positive again after three months

USD 3-month LIBOR steadily ticking higher (data as of Jan 17, 2017)

Good luck Champs!

Mr Hawk

  

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmailDOTcom

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Oct 10, 2016 - (Video) Weekly Tech Overview: Update: Dax, SP500, NatGas

Weekly Tech Overview: update to our orginal view of DAX, SP500 and Natural Gas

( Next week the US Money Market Reform will come into force. Please read our report on the Reform and its implications here: US Money Market Reform  )

Dax previous update available click here

SP500 orginal overview available click here

Natural Gas original overview available click here

Please let us know should you have any additional questions or you would like to discuss other crosses as well. We are here to help you, just contact us at: landoftradingATgmailDOTcom.

Happy Trading
Mr Price Action


DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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(Video) Dax weekly - market update - 2016 08 07

Hi, it's an update to our DAX weekly overview ( week 24 ). Market is testing top of the channel and looks bearish for us. Please check the video below where I discuss few possible trade scenarios both bullish and bearish from long term and short term perspective. Enjoy!

DISCLAIMER: This material was created for informational purposes only and represents the Land of Trading team’s view of the past and current economic and capital market environment. It is not an investment advice and should not be viewed that way at all, and the creators of this material cannot be held liable for any potential losses resulting from trading, where despite this disclaimer someone would consider this material as an investment advice. All rights reserved ©2016. Contact: landoftradingATgmail.com

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