Author: Eamonn Sheridan

 Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:        


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Author: Eamonn Sheridan
1

Heads up for AUD and NZD traders - markets closed today

Just a reminder for traders of AUD and NZD (and Australian and New Zealand markets) - markets are closed for a national holiday today - ANZAC Day  

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Heads up for AUD and NZD traders - markets closed today


Author: Eamonn Sheridan
Category: News
1


Just a reminder for traders of AUD and NZD (and Australian and New Zealand markets) - markets are closed for a national holiday today - ANZAC Day  

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Van hits a dozen pedestrians in Toronto in possible terrorist attack
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Author: Eamonn Sheridan
1

Oil - private data shows surprise build in US crude inventory

Private survey of oil inventory. Zerohedge with the numbers :  Expectations - Headline crude -2.0 m barrels - Cushing -0.65 m bbls - Distillates -0.9 m bbls expectations via Reuters   

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Oil - private data shows surprise build in US crude inventory


Author: Eamonn Sheridan
Category: News
1
Private survey of oil inventory. Zerohedge with the numbers :  Expectations - Headline crude -2.0 m barrels - Cushing -0.65 m bbls - Distillates -0.9 m bbls expectations via Reuters   

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Author: Eamonn Sheridan
2

Gundlach says US treasuries are 'not attractive'

Jeffrey Gundlach is head of of Doubleline Capital Speaking in New York There is usually more than one comment from Gundlach when he starts .... staying tuned. 

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Gundlach says US treasuries are 'not attractive'


Author: Eamonn Sheridan
Category: News
2
Jeffrey Gundlach is head of of Doubleline Capital Speaking in New York There is usually more than one comment from Gundlach when he starts .... staying tuned. 

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Author: Eamonn Sheridan

Here is what is on the economic calendar in Asia today (this is a short post)

The focus has not been on data I suppose, and even geo pol is quietening down a little ... gonna need the big guy to trumpet out some tweets! On the calendar today ....

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Here is what is on the economic calendar in Asia today (this is a short post)


Author: Eamonn Sheridan
Category: News
0
The focus has not been on data I suppose, and even geo pol is quietening down a little ... gonna need the big guy to trumpet out some tweets! On the calendar today ....

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Author: Eamonn Sheridan
3

Heads up for oil traders - inventory data due at the bottom of the hour

The private survey inventory data, with official US government data to follow Wednesday morning (US time). - expected to show a 2.0 (updated) mln barrel fall in headline crude stocks --I posted this yesterday on oil ICYMI:

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Heads up for oil traders - inventory data due at the bottom of the hour


Author: Eamonn Sheridan
Category: News
3
The private survey inventory data, with official US government data to follow Wednesday morning (US time). - expected to show a 2.0 (updated) mln barrel fall in headline crude stocks --I posted this yesterday on oil ICYMI:

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Author: Greg Michalowski
1

Forexlive Americas FX news wrap: Another day where stocks were a focus

Forex news for trading in NY on April 24, 2018. A snapshot of other markets is showing: - Spot gold is up $6.75 or 0.51% at $1331.65.  The price of the precious metal tested the 100 day MA but found buyers against the level once again ().  The data today showed:

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Forexlive Americas FX news wrap: Another day where stocks were a focus


Author: Greg Michalowski
Category: News
1
Forex news for trading in NY on April 24, 2018. A snapshot of other markets is showing: - Spot gold is up $6.75 or 0.51% at $1331.65.  The price of the precious metal tested the 100 day MA but found buyers against the level once again ().  The data today showed:

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Author: Greg Michalowski
2

Gold looks toward the 100 day MA nd . Key technical level.

Double top earlier this month The price of Gold is higher on the day by $6.82 at $1331.66.  The bounce is good technically. The last two days moved down toward the 100 day MA (blue line currently at $1319.29).  The low reached $1322.75. The prior two other tests of the MA stalled the fall too.  

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Gold looks toward the 100 day MA nd . Key technical level.


Author: Greg Michalowski
2
Double top earlier this month The price of Gold is higher on the day by $6.82 at $1331.66.  The bounce is good technically. The last two days moved down toward the 100 day MA (blue line currently at $1319.29).  The low reached $1322.75. The prior two other tests of the MA stalled the fall too.  

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Author: Greg Michalowski
1

Trading education: Fear is up as the stocks tumble. How can you deal with fear in trading?

Instant replay of the weekend video... Oh boy, the stock market tumble is making a lot of people fearful.  That is never good.  If you are too fearful, you are crowding out the chance to succeed.  

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Trading education: Fear is up as the stocks tumble. How can you deal with fear in trading?


Author: Greg Michalowski
Category: Education
1
Instant replay of the weekend video... Oh boy, the stock market tumble is making a lot of people fearful.  That is never good.  If you are too fearful, you are crowding out the chance to succeed.  

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Author: Greg Michalowski
1

Canada's Freeland: We are in intensive stage of NAFTA talks

Comments in line with others of late (including Mexican officials and Pres. Trump) The USDCAD is down near the 50% of the move down from March high comes in at 1.28256. The 200 bar MA on the 4-hour comes in at 1.28165. That area from 1.28165-256 is a key barometer for bulls and bears. Stay above is more bullish. Move below and stay below is more bearish. 

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Canada's Freeland: We are in intensive stage of NAFTA talks


Author: Greg Michalowski
Category: News
1
Comments in line with others of late (including Mexican officials and Pres. Trump) The USDCAD is down near the 50% of the move down from March high comes in at 1.28256. The 200 bar MA on the 4-hour comes in at 1.28165. That area from 1.28165-256 is a key barometer for bulls and bears. Stay above is more bullish. Move below and stay below is more bearish. 

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Author: Greg Michalowski
5

S&P moves toward the 200 day MA and USDJPY follows

Coming up quickly as stocks continue to slide The S&P is down -44 points now and in the process is quickly catching up to the key 200 day MA. The 200 day MA comes in at 2607.89. The low has reached 2618 (as I type).   It is getting there.

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S&P moves toward the 200 day MA and USDJPY follows


Author: Greg Michalowski
5
Coming up quickly as stocks continue to slide The S&P is down -44 points now and in the process is quickly catching up to the key 200 day MA. The 200 day MA comes in at 2607.89. The low has reached 2618 (as I type).   It is getting there.

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Author: Greg Michalowski
7

US stocks continue to slide. Dow down near 500 points

Nasdaq down -1.58% The US stocks continue their slide. The Dow fell about -470 points at the low. The Nasdaq fell -116 point or around -1.60% at the lows.  The S&P is down -33 points currently or -1.23%. 

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US stocks continue to slide. Dow down near 500 points


Author: Greg Michalowski
Category: News
7
Nasdaq down -1.58% The US stocks continue their slide. The Dow fell about -470 points at the low. The Nasdaq fell -116 point or around -1.60% at the lows.  The S&P is down -33 points currently or -1.23%. 

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Author: Forex Live

Audio recap: Tuesday's key takeaway

What happened in Tuesday's trade There was a lot of choppy trade on Tuesday, though in the end, we didn't get much in the way of additional clarity, with the dollar holding up against some currencies, but pulling back against others. There was however one key takeaway...

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Audio recap: Tuesday's key takeaway


Author: Forex Live
Category: News
0
What happened in Tuesday's trade There was a lot of choppy trade on Tuesday, though in the end, we didn't get much in the way of additional clarity, with the dollar holding up against some currencies, but pulling back against others. There was however one key takeaway...

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Author: Greg Michalowski
7

Trump/Macron press conference: Want full de-nuclearization of N. Korea

Highlights of comments. - US made no concessions on North Korea - Wants to see denuclearization of North Korea - China has never treated US with more respect than now

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Trump/Macron press conference: Want full de-nuclearization of N. Korea


Author: Greg Michalowski
Category: News
7
Highlights of comments. - US made no concessions on North Korea - Wants to see denuclearization of North Korea - China has never treated US with more respect than now

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Author: Greg Michalowski
1

US treasury sells 2 year note at 2.498% vs. 2.493% before auction

Bid to cover 2.61x vs 2.91x at the last auction The US treasury sold 32 billion of 2 year notes at an average yield of 2.498%. That was higher than the WI yield just before the auction at 2.493%.

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US treasury sells 2 year note at 2.498% vs. 2.493% before auction


Author: Greg Michalowski
Category: News
1
Bid to cover 2.61x vs 2.91x at the last auction The US treasury sold 32 billion of 2 year notes at an average yield of 2.498%. That was higher than the WI yield just before the auction at 2.493%.

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Author: Greg Michalowski

Highlights from Trump/Macron opening remarks from press conference

Iran and Trade are topics. - Campaign of maximum pressure on N. Korea will continue - France and US agree Iran should not be allowed to develop nuclear weapons

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Highlights from Trump/Macron opening remarks from press conference


Author: Greg Michalowski
Category: News
0
Iran and Trade are topics. - Campaign of maximum pressure on N. Korea will continue - France and US agree Iran should not be allowed to develop nuclear weapons

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Author: Greg Michalowski
1

Live: Trump and Macron press conference

Here the two leaders answer reporters questions S&P is down -19.77. Nasdaq is down -90.41. Dow is down -282.

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Live: Trump and Macron press conference


Author: Greg Michalowski
Category: News
1
Here the two leaders answer reporters questions S&P is down -19.77. Nasdaq is down -90.41. Dow is down -282.

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Author: Greg Michalowski
7

USDJPY moves back below the 100 day MA

Buyers getting nervous Stocks are running lower and the Pavlovian risk off trade, has the USDJPY moving lower (and the other JPY pairs moving lower as well). Technically, the price fell below the 100 day MA at 108.97. It fell back below the 50% of the last run higher at 108.98. You can see the "giving up" on the 5 minute chart above.

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USDJPY moves back below the 100 day MA


Author: Greg Michalowski
7
Buyers getting nervous Stocks are running lower and the Pavlovian risk off trade, has the USDJPY moving lower (and the other JPY pairs moving lower as well). Technically, the price fell below the 100 day MA at 108.97. It fell back below the 50% of the last run higher at 108.98. You can see the "giving up" on the 5 minute chart above.

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Author: Greg Michalowski

EURCHF moves back toward 1.2000 after bouncing off 200 hour MA

PS. It held near a 50% retracement  The EURCHF is higher on the day and moving back toward the 1.2000 SNB peg level from 2011-2014.  The price moved to a high of 1.20047 last week and retraced to the 50% of the last leg higher at 1.2927 AND the 200 hour MA (green line).  Holding that area (and finding buyers) gave the bulls the reason to buy, and they have done just that. 

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EURCHF moves back toward 1.2000 after bouncing off 200 hour MA


Author: Greg Michalowski
0
PS. It held near a 50% retracement  The EURCHF is higher on the day and moving back toward the 1.2000 SNB peg level from 2011-2014.  The price moved to a high of 1.20047 last week and retraced to the 50% of the last leg higher at 1.2927 AND the 200 hour MA (green line).  Holding that area (and finding buyers) gave the bulls the reason to buy, and they have done just that. 

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Author: Greg Michalowski

European stocks end the session mixed. A snapshot of the markets as Europe exits.

German Dax lower. UK FTSE higher. The European major stock indices are ending the day mixed: In the 10 year debt sector: In other markets as London/Europe markets look to exit:

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European stocks end the session mixed. A snapshot of the markets as Europe exits.


Author: Greg Michalowski
Category: News
0
German Dax lower. UK FTSE higher. The European major stock indices are ending the day mixed: In the 10 year debt sector: In other markets as London/Europe markets look to exit:

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Author: Greg Michalowski
4

Trump: Trade with France is complicated as EU has trade barriers that are unacceptable

Speaks after meeting with Macron He adds: Seems like Trump is putting a wedge in the EU with some of the comments on trade with France directly.   The EURUSD is trading at 1.2217. The 100 day MA is at 1.22049. The price continues to trade around that MA level.  There will be a press conference at the White House soon.

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Trump: Trade with France is complicated as EU has trade barriers that are unacceptable


Author: Greg Michalowski
Category: News
4
Speaks after meeting with Macron He adds: Seems like Trump is putting a wedge in the EU with some of the comments on trade with France directly.   The EURUSD is trading at 1.2217. The 100 day MA is at 1.22049. The price continues to trade around that MA level.  There will be a press conference at the White House soon.

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Author: Greg Michalowski

USDJPY stays above the 100 day MA. Level is risk for longs.

Intraday correction stalls ahead of the 100 day MA. the USDJPY moved above the 100 day MA. That MA would be eyed as a risk level (after the initial correction after the break failed).  Looking at the 5 minute chart, the correction off the high stalled at 109.019 - just above the 100 day MA at 108.97. Buyers remain in control. The price trades to new session highs at 109.188.  

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USDJPY stays above the 100 day MA. Level is risk for longs.


Author: Greg Michalowski
0
Intraday correction stalls ahead of the 100 day MA. the USDJPY moved above the 100 day MA. That MA would be eyed as a risk level (after the initial correction after the break failed).  Looking at the 5 minute chart, the correction off the high stalled at 109.019 - just above the 100 day MA at 108.97. Buyers remain in control. The price trades to new session highs at 109.188.  

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Author: Greg Michalowski

Trump: Iran will have bigger problems if it restarts nuclear program

Oil above $69 Trump on Iran' The comments helped to send crude oil to a new session high at $69.38, but the price has dipped back down toward the $69.00 level.  

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Trump: Iran will have bigger problems if it restarts nuclear program


Author: Greg Michalowski
Category: News
0
Oil above $69 Trump on Iran' The comments helped to send crude oil to a new session high at $69.38, but the price has dipped back down toward the $69.00 level.  

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