tag:blogger.com,1999:blog-73265314748726557342024-03-14T02:55:55.917+01:00myHomeTrading"No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation." - Robert RheaLaszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.comBlogger137125tag:blogger.com,1999:blog-7326531474872655734.post-76648922991790458422019-01-20T18:35:00.001+01:002019-01-20T18:36:13.697+01:00Week Ahead 4<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Equities</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Markets closed the fourth strong bullish week after the Xmas capitulation. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">First key test would be market reaction (</span><span style="font-family: "arial" , "helvetica" , sans-serif;">US is </span><span style="font-family: "arial" , "helvetica" , sans-serif;">closed on Monday) </span><span style="font-family: "arial" , "helvetica" , sans-serif;">on the Chinese data released tonight. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">SP500 and Nasdaq are both approaching the pre Fed interest rate hike minor high.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">DAX broke the Oct and Nov lows resistance.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZr4r6NbJ2Z98c2D8bZQY8xw3SyT3syFyyoJkZ_P_sR9fois_k-XEAHly3eocqfdmL8jZSWpo3U5i9EVzJZsMEuGGSrOPwhyphenhyphenz-AcOqIu_h7VlmsU0zTEyrhk-5pginhLg3QSUWnc8sXzMi/s1600/2019-01-20+18_11_15-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="921" data-original-width="834" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZr4r6NbJ2Z98c2D8bZQY8xw3SyT3syFyyoJkZ_P_sR9fois_k-XEAHly3eocqfdmL8jZSWpo3U5i9EVzJZsMEuGGSrOPwhyphenhyphenz-AcOqIu_h7VlmsU0zTEyrhk-5pginhLg3QSUWnc8sXzMi/s640/2019-01-20+18_11_15-All+Interactive+Brokers.png" width="578" /></span></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Emerging markets are heading to strong resistance.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">VIX felt bellow 20.00 but still above the key 15.00 level.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgooQSPByGWDw5BTtYjKI995M55RDIJUIL41CTD5XDtH-ZjBQiUeuuOUSCnJku-X8rowJpDAgaAfNZEtj5CEORy1XDHwN5U58kCjYLl99vnVwFmxWHjflHtT11_FgR21FliQDe3vhXpCP0S/s1600/2019-01-20+18_26_13-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="918" data-original-width="831" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgooQSPByGWDw5BTtYjKI995M55RDIJUIL41CTD5XDtH-ZjBQiUeuuOUSCnJku-X8rowJpDAgaAfNZEtj5CEORy1XDHwN5U58kCjYLl99vnVwFmxWHjflHtT11_FgR21FliQDe3vhXpCP0S/s640/2019-01-20+18_26_13-All+Interactive+Brokers.png" width="578" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Bonds</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">US yields are recovering from the Dec low. Curve remained flat.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>FX</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">After a false breakdown at 95.00 DX it is back to the 95-97 range.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWlUra_CUpel934tcZb6aVN7-EzCGNtqxKyC5_44DoOF60JUOje5AQmpvQmjRm1jtNDdBY97awL_ul2fe-NRE78A6Njr3fT0-3f6wzEr5KouMz4Lx_7bj9YLcEiMYqsR0ktDT9WnT2kkYG/s1600/2019-01-20+18_30_39-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="831" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWlUra_CUpel934tcZb6aVN7-EzCGNtqxKyC5_44DoOF60JUOje5AQmpvQmjRm1jtNDdBY97awL_ul2fe-NRE78A6Njr3fT0-3f6wzEr5KouMz4Lx_7bj9YLcEiMYqsR0ktDT9WnT2kkYG/s640/2019-01-20+18_30_39-All+Interactive+Brokers.png" width="578" /></a></div>
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<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-43343270558952808982018-10-28T19:24:00.001+01:002018-10-28T19:24:58.696+01:00Week Ahead 43<span style="font-family: Arial, Helvetica, sans-serif;"><b>Equities</b></span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;">SP500 closed bellow the support area defined by the June-July lows whereas NQ closed at the April high/May low support. There is a bullish RSI divergence for both indexes on the 4h chart that might result in some bounce back. Price action on Monday will be important. The next strong support zone is around the January-February lows. The textbook view is that price should retest those levels and form a range there on.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMlEcxabhE3gZzCa89S0iA9RUSI7BVf-KsfRsrvdW99uuDOiOspHzQQJeJp0mdIlnhB3jYiCvwGf3EQ1NC0lEqAP7qfqfLJkL88bYdoGj0_0vfr0qkJuiy9SH6le7kwhvOyUvDtb3obGih/s1600/2018-10-28+18_29_01-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" data-original-height="461" data-original-width="833" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMlEcxabhE3gZzCa89S0iA9RUSI7BVf-KsfRsrvdW99uuDOiOspHzQQJeJp0mdIlnhB3jYiCvwGf3EQ1NC0lEqAP7qfqfLJkL88bYdoGj0_0vfr0qkJuiy9SH6le7kwhvOyUvDtb3obGih/s640/2018-10-28+18_29_01-All+Interactive+Brokers.png" width="640" /></span></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjh2qfjRv349w9zmpIJLF7p6mqckBF0xYaFOftTgRrMFBPakyiYvzyBEUCzIRJ-CvQI7n-wX51mm4hBn6qfwM3-kn7Xo6ol33UMEOEmuflNBQ-ad0B4pmsjlkvUXjr_q3IXt5S4rPdOh10c/s1600/2018-10-28+18_30_15-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" data-original-height="463" data-original-width="834" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjh2qfjRv349w9zmpIJLF7p6mqckBF0xYaFOftTgRrMFBPakyiYvzyBEUCzIRJ-CvQI7n-wX51mm4hBn6qfwM3-kn7Xo6ol33UMEOEmuflNBQ-ad0B4pmsjlkvUXjr_q3IXt5S4rPdOh10c/s640/2018-10-28+18_30_15-All+Interactive+Brokers.png" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The EU50 touched the October 2016 high. </span><br />
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<span style="font-family: Arial, Helvetica, sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhU2W5oJBk5v_uhyn8Wu-kUlwiEaweozuxEX2_8y0iNCntjEV4k82_8DHFP0KTbllUXVgZm9cfEvqwqFIA55eLnDc3SSZi6RM5A_U-IO6cPU_Y4pW88JcxFMr5YALTfs-6ucJUA9lU8u5Bt/s1600/2018-10-28+18_48_36-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="460" data-original-width="831" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhU2W5oJBk5v_uhyn8Wu-kUlwiEaweozuxEX2_8y0iNCntjEV4k82_8DHFP0KTbllUXVgZm9cfEvqwqFIA55eLnDc3SSZi6RM5A_U-IO6cPU_Y4pW88JcxFMr5YALTfs-6ucJUA9lU8u5Bt/s640/2018-10-28+18_48_36-All+Interactive+Brokers.png" width="640" /></a></span></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The almost engulfing bar on Thursday and the pinbar on </span><span style="font-family: Arial, Helvetica, sans-serif;">Friday</span><span style="font-family: Arial, Helvetica, sans-serif;"> </span><span style="font-family: Arial, Helvetica, sans-serif;">could trigger some bottom fishing trades. </span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1mIa60M1rI7poFR8PWuTt4QizDkgLjoR3GoYKYCYtMsOnhjfl-adRqWFO-uNOyzviQiCXR7rQY5r1lqxqOHLw-Kxeis4nfyEIfsqN-zjXNfRLsp31pOCWMJkQ0gRmcJAMoscn_fIVE7pt/s1600/2018-10-28+18_52_24-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" data-original-height="461" data-original-width="834" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1mIa60M1rI7poFR8PWuTt4QizDkgLjoR3GoYKYCYtMsOnhjfl-adRqWFO-uNOyzviQiCXR7rQY5r1lqxqOHLw-Kxeis4nfyEIfsqN-zjXNfRLsp31pOCWMJkQ0gRmcJAMoscn_fIVE7pt/s640/2018-10-28+18_52_24-All+Interactive+Brokers.png" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">The lower swing high in VIX after a double top supports this scenario. (Also Gold false breakout) VIX breaking bellow 22.00 would give some more comfort for this trade.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiROHCMLOZ88yUSKmBJEJBRyN5MbuNfseTk067hf7GDm2vUp4VOzskC_t7WUC8QIl2QRLF3mDPrppmyYyWQb7HMO28mT9oox42LW4HBHYhJIR-f8n6BSQP_LUaE2jVeI_9-N4l27HbuXdU-/s1600/2018-10-28+19_02_23-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" data-original-height="457" data-original-width="832" height="350" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiROHCMLOZ88yUSKmBJEJBRyN5MbuNfseTk067hf7GDm2vUp4VOzskC_t7WUC8QIl2QRLF3mDPrppmyYyWQb7HMO28mT9oox42LW4HBHYhJIR-f8n6BSQP_LUaE2jVeI_9-N4l27HbuXdU-/s640/2018-10-28+19_02_23-All+Interactive+Brokers.png" width="640" /></span></a></div>
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<b><span style="font-family: Arial, Helvetica, sans-serif;">Bonds</span></b></div>
<span style="font-family: Arial, Helvetica, sans-serif;">US Yields corrected sharply due to flows to bonds.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHSw7-UQ8qYOaDj29T65a-qRHIoDi5foLRXTcMdQGpiHnao60ERu9-O5I7359KBZ1UbdXakSv0uL2A5JK9w9fBal9-t8Z34jsllJoXvXqsRn_6xd7kJ96u4JGsb_4HmQpQy7TaQhJo3ZSV/s1600/2018-10-28+18_56_18-Microsoft+Excel+-+BondYieldsHistory3.xlsm.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" data-original-height="284" data-original-width="1405" height="128" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjHSw7-UQ8qYOaDj29T65a-qRHIoDi5foLRXTcMdQGpiHnao60ERu9-O5I7359KBZ1UbdXakSv0uL2A5JK9w9fBal9-t8Z34jsllJoXvXqsRn_6xd7kJ96u4JGsb_4HmQpQy7TaQhJo3ZSV/s640/2018-10-28+18_56_18-Microsoft+Excel+-+BondYieldsHistory3.xlsm.png" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>Gold</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">Gold could not break the Dec 2017 low strong resistance, though it formed a very nice buildup structure. On the other hand such a strong risk-off mood should have triggered the breakout. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKdsiGvGnIemN28UgTuSGgfag_AEJv9ylT8t894UYF0hFhn6hKoUKe9xd5zRnsANOLPh0p13grNpxurJYkuW6VaVFKq4HKdzKKFvS2RbLtzp_l_TBiWjOLfucy41PSvOOveDpqe5sDex1W/s1600/2018-10-28+19_11_11-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: Arial, Helvetica, sans-serif;"><img border="0" data-original-height="459" data-original-width="825" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKdsiGvGnIemN28UgTuSGgfag_AEJv9ylT8t894UYF0hFhn6hKoUKe9xd5zRnsANOLPh0p13grNpxurJYkuW6VaVFKq4HKdzKKFvS2RbLtzp_l_TBiWjOLfucy41PSvOOveDpqe5sDex1W/s640/2018-10-28+19_11_11-All+Interactive+Brokers.png" width="640" /></span></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>FX</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">DX bounced back from the 96.50 strong resistance on Friday.</span><br />
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Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-42397450928702955362018-10-14T18:34:00.001+02:002018-10-14T18:35:16.419+02:00Week Ahead 42<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Equities</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">SP500:</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- biggest dip bellow the 200d SMA since January 2015</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">- on Friday formed a s/t swing higher low probably due to some short covering </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- price closed just above the 200d SMA on Friday</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQc2WqSaK663_CvQct_5rDCqC9LH6H5or56N7guFE4Qr0VrnlUedn9dNNcpk9xdu90qMrssFNElF2YZk9AhSkBd7RDsLG94EyNWb6dIA4mZc5eiZgc5fCh1uWuIjwoHG_xVKVhNLQ8vNk4/s1600/2018-10-14+16_00_40-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="458" data-original-width="831" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQc2WqSaK663_CvQct_5rDCqC9LH6H5or56N7guFE4Qr0VrnlUedn9dNNcpk9xdu90qMrssFNElF2YZk9AhSkBd7RDsLG94EyNWb6dIA4mZc5eiZgc5fCh1uWuIjwoHG_xVKVhNLQ8vNk4/s640/2018-10-14+16_00_40-All+Interactive+Brokers.png" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">It might retest the resistance around 2800 early next week, but a lower low is well in the cards. It could even go to 2550. Earnings season could be the main catalyst. Technically the new high is not a very likely scenario unless earnings would be very positive. The previous record was just above the January high and could not even hold for two weeks. Tax cut seemed to be the last fuel for the rally and headwinds as trade war, interest rates, emerging markets and Italy started weight on the sentiment and also on fundamentals. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">NAS100:</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- Formed a double top</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- Dipped bellow the 200d SMA</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- June low provided support</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">- Closed at a s/t resistance on Friday</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- 6800 is the key level to watch. Should that fail decisively things could turn very ugly.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">DAX:</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- double top in June well bellow the record high </span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- the 200d SMA was broken in June and retested only once in July</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- </span><span style="font-family: "arial" , "helvetica" , sans-serif;">followed by three lower highs</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- March low was broken without any bounce on Wednesday</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- </span><span style="font-family: "arial" , "helvetica" , sans-serif;">October 2015 high provided support on Friday. Actually it is a very strong level.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">It is interesting to look at some sectors relative performance. It looks that defensive sectors are gathering some relative strength. This kind of asset rotation is not a good sign for the market as a whole.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">- Staples: could be bottoming that is a sign of overall weakness. It is important to note that it has started in June. So market started to be more defensive well before new highs.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">- Discretionary: topping, the same applies.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Technology: stalled.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Utilities: Gathering some strength.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Health Care: massive out-performance since April.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Materials: under-performance accelerated. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"> Financials: under-performance since January.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Real Estate: I think this is where interest rates bite the most, though did not under-perform since January. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfJF-SH448PSlWEHozsnQX5gAHTQ11ioYz40Oib8VGCYBiB47YiSlYrToWwp64q5BIbLTF9jxT-YUaHm-OGsBWrePiCGwsjUXaEfbaMd0ypAvaEvKkxsasI6GC5gjlZ_Z3Oiy15CKnKjap/s1600/2018-10-14+17_32_35-XLRE_SPY_+0.11+%25E2%2596%25BC%25E2%2588%25921.43%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="411" data-original-width="642" height="408" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjfJF-SH448PSlWEHozsnQX5gAHTQ11ioYz40Oib8VGCYBiB47YiSlYrToWwp64q5BIbLTF9jxT-YUaHm-OGsBWrePiCGwsjUXaEfbaMd0ypAvaEvKkxsasI6GC5gjlZ_Z3Oiy15CKnKjap/s640/2018-10-14+17_32_35-XLRE_SPY_+0.11+%25E2%2596%25BC%25E2%2588%25921.43%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">Finally Growth/Value:</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCeQWgjxpiMPmTZMotENdwbFmnWKcrjkftmD8oTdfAsOi1rdvyIPtFyZm9IauJ3CruFs9YaX4C3ow2gd1yho3VK-SskhT2gnR0pAjC8jGNQ8hBWcDnZotCPNXOSD2eZiDI4GNjVYEUqw1O/s1600/2018-10-14+17_34_53-IWF_IWD_+1.21+%25E2%2596%25B2%252B1.59%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="407" data-original-width="645" height="402" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiCeQWgjxpiMPmTZMotENdwbFmnWKcrjkftmD8oTdfAsOi1rdvyIPtFyZm9IauJ3CruFs9YaX4C3ow2gd1yho3VK-SskhT2gnR0pAjC8jGNQ8hBWcDnZotCPNXOSD2eZiDI4GNjVYEUqw1O/s640/2018-10-14+17_34_53-IWF_IWD_+1.21+%25E2%2596%25B2%252B1.59%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Bonds</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Yields retreated but bounced back on Friday.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfbzfzNP7Cnge0Nt0EazHEaNxrEWUULA7IDlMD5jlNueCkjXJmpS0BqalDIwJJXiC3wMwwuwk0Te4jTwkvqVu1hLQXv7EkvMTzp3t5gI38ByJrMhw861ak4dvEes4SxnxVw_p3D6aMsL7p/s1600/2018-10-14+17_40_18-Microsoft+Excel+-+BondYieldsHistory3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="282" data-original-width="1400" height="128" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfbzfzNP7Cnge0Nt0EazHEaNxrEWUULA7IDlMD5jlNueCkjXJmpS0BqalDIwJJXiC3wMwwuwk0Te4jTwkvqVu1hLQXv7EkvMTzp3t5gI38ByJrMhw861ak4dvEes4SxnxVw_p3D6aMsL7p/s640/2018-10-14+17_40_18-Microsoft+Excel+-+BondYieldsHistory3.png" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b><br /></b></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Commodities</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">First of all Mr. Copper: surprisingly it was a little bit up despite the equity selloff.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvqqC6uauaZxNH0Wu7ufUncXVzzEZrGo_NpeWWyTbSYR_xGnzbTQpHolk0QpV8rX2wPQee9f4-DlhwR4QFX4wk1AK-OPM4-_BjEwckpYw2j0c1Ok0l15frxbntiHZpOhg5ajyez1DlH82J/s1600/2018-10-14+17_55_26-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="918" data-original-width="830" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvqqC6uauaZxNH0Wu7ufUncXVzzEZrGo_NpeWWyTbSYR_xGnzbTQpHolk0QpV8rX2wPQee9f4-DlhwR4QFX4wk1AK-OPM4-_BjEwckpYw2j0c1Ok0l15frxbntiHZpOhg5ajyez1DlH82J/s640/2018-10-14+17_55_26-All+Interactive+Brokers.png" width="578" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">WTI after the false breakout week before now retested the September high as risk-off mood prevailed. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4_xb3XmUlROf_kVE6Lnye9BJBDaUdmO6NzVljIcyTgA3335U3r-Lh9gSmv4v2d8CmqGeKHP3sJOUZFc4gMVix9I-I2R_b1MAVCAnfMsyA4Xwf-9Bp9tGwZQxSuy14pauAa10-bQao3UcU/s1600/2018-10-14+17_59_16-USOIL_+71.49+%25E2%2596%25B2%252B0.73%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="863" data-original-width="647" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4_xb3XmUlROf_kVE6Lnye9BJBDaUdmO6NzVljIcyTgA3335U3r-Lh9gSmv4v2d8CmqGeKHP3sJOUZFc4gMVix9I-I2R_b1MAVCAnfMsyA4Xwf-9Bp9tGwZQxSuy14pauAa10-bQao3UcU/s640/2018-10-14+17_59_16-USOIL_+71.49+%25E2%2596%25B2%252B0.73%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" width="478" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Brent is retesting the breakout, the bull bias is clearly stronger here.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMBmnUGRORKakb9VSYIFctgSGq8a8mle-YBbSoztJ1yxXgUkpCBGemNn1QOwLYCLdiVwZlKsoP8gj6dK9GRFy-3Gs6ibeLDCzzV7bs6G9wxCwDJGySV2IAjXGkeFIxeSsFKCnkNswGEaU1/s1600/2018-10-14+18_02_56-UKOIL_+80.51+%25E2%2596%25B2%252B0.26%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="859" data-original-width="644" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMBmnUGRORKakb9VSYIFctgSGq8a8mle-YBbSoztJ1yxXgUkpCBGemNn1QOwLYCLdiVwZlKsoP8gj6dK9GRFy-3Gs6ibeLDCzzV7bs6G9wxCwDJGySV2IAjXGkeFIxeSsFKCnkNswGEaU1/s640/2018-10-14+18_02_56-UKOIL_+80.51+%25E2%2596%25B2%252B0.26%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" width="478" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Gold</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">As equity selloff accelerated gold rallied nicely on Thursday that stalled on Friday. Price broke out from 11180- 1212 range and did not retest yet the breakout.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUMc_nUIj_cBieUlg4LcloewDF4YCL4zX7gKZtYHdsNOwyVVqSsQloJDKB7c56JZisgDiJjEeknA50tGGzOPOoCEaUwsegvPbXMD4Rs__WujQMHlhJy829dS7spJr9DZkAizmAvY_10P-o/s1600/2018-10-14+18_11_52-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="836" height="350" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUMc_nUIj_cBieUlg4LcloewDF4YCL4zX7gKZtYHdsNOwyVVqSsQloJDKB7c56JZisgDiJjEeknA50tGGzOPOoCEaUwsegvPbXMD4Rs__WujQMHlhJy829dS7spJr9DZkAizmAvY_10P-o/s640/2018-10-14+18_11_52-All+Interactive+Brokers.png" width="640" /></a></div>
<br />
<b><span style="font-family: "arial" , "helvetica" , sans-serif;">FX</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">USD was not the save heaven of choice as DX is back bellow the 95.25 level.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRklSLU_ptK6ZRmlmwjNgzaw9TB4vXu_1IPA7D2eSGNZZycQB7CRV0aLo8yQ9fMTzVv48Auj1qHpMgQYYYuBzyTr0Ea87Gxat8khx23RMkeAbugrbyGricq4lMWGpCA7LHilQYM9R_77Xu/s1600/2018-10-14+18_16_18-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="833" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRklSLU_ptK6ZRmlmwjNgzaw9TB4vXu_1IPA7D2eSGNZZycQB7CRV0aLo8yQ9fMTzVv48Auj1qHpMgQYYYuBzyTr0Ea87Gxat8khx23RMkeAbugrbyGricq4lMWGpCA7LHilQYM9R_77Xu/s640/2018-10-14+18_16_18-All+Interactive+Brokers.png" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">EUR/USD broke the 1.1525 resistance and back to a range. Nice chart symmetry here as it broke out from this range in the opposite directions.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixcNNbtcF837p9BSmSFrONMRKf8vhHxVcxeJXZAQP_DA7qRtB1sfO3b19OhRq1xeRdp7SwQgvsvtl-wvyP2GXkG4jJT4gb4NbTcJoe3A5oBHZk-CgTbYc3Mx7TyxLQAuJ3QnFU2K35HsiV/s1600/2018-10-14+18_18_50-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="460" data-original-width="826" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixcNNbtcF837p9BSmSFrONMRKf8vhHxVcxeJXZAQP_DA7qRtB1sfO3b19OhRq1xeRdp7SwQgvsvtl-wvyP2GXkG4jJT4gb4NbTcJoe3A5oBHZk-CgTbYc3Mx7TyxLQAuJ3QnFU2K35HsiV/s640/2018-10-14+18_18_50-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>
<span style="font-family: "arial" , "helvetica" , sans-serif;">USD/JPY moved in line with equities.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitqhVzgTbWwMrxv5cek9FlK4NuR-6WPvp5-lwUrGt5DILz7Kce84GtJgF8OFKoYBilEZeJhtxvi042ia6sMOfYhwggthIMbnZhWJyeIcHfupesZuYiVXleHPuoFvmmeS8sYz1lf-zSn2Xk/s1600/2018-10-14+18_29_06-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="830" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitqhVzgTbWwMrxv5cek9FlK4NuR-6WPvp5-lwUrGt5DILz7Kce84GtJgF8OFKoYBilEZeJhtxvi042ia6sMOfYhwggthIMbnZhWJyeIcHfupesZuYiVXleHPuoFvmmeS8sYz1lf-zSn2Xk/s640/2018-10-14+18_29_06-All+Interactive+Brokers.png" width="640" /></a></div>
Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com1tag:blogger.com,1999:blog-7326531474872655734.post-3383862580726143142018-09-30T17:57:00.001+02:002018-09-30T17:57:15.228+02:00Week Ahead 40<span style="font-family: Arial, Helvetica, sans-serif;"><b>Equities</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">SP500 retreated from record high and settled in the middle of a narrow range around the previous high.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcGHlzLOzCcnIJojn_flqFTMax6ZZhZznXyiJMX0QIReEUOpP_T_23p4MR9nPMlUsN9euUfoeNshOmlUIHC6q4vFyK_LtV6btqhqZlmTYRng9aOt7cF_ZYJdswQWk8pQXM5KORic0s1IPK/s1600/2018-09-30+16_35_24-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="832" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcGHlzLOzCcnIJojn_flqFTMax6ZZhZznXyiJMX0QIReEUOpP_T_23p4MR9nPMlUsN9euUfoeNshOmlUIHC6q4vFyK_LtV6btqhqZlmTYRng9aOt7cF_ZYJdswQWk8pQXM5KORic0s1IPK/s640/2018-09-30+16_35_24-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Arial, Helvetica, sans-serif;">Nasdaq still could not make new high but outperformed the SP500 this week. The higher 4h lows suggest a potential breakout.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4l0e0SgsVgqqA93bnVHOG-_1I9XXbFXHekYJwQH63hr6-CTcxVdopQ0XgvJnPLD7j2bzvOoqrCtheL5-b7v-dFK_Nez0K02s4xGdPP8V1Xadw4cYejpyJUuCbvYALSbi8l6MDfjIf1HiO/s1600/2018-09-30+16_38_08-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="828" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4l0e0SgsVgqqA93bnVHOG-_1I9XXbFXHekYJwQH63hr6-CTcxVdopQ0XgvJnPLD7j2bzvOoqrCtheL5-b7v-dFK_Nez0K02s4xGdPP8V1Xadw4cYejpyJUuCbvYALSbi8l6MDfjIf1HiO/s640/2018-09-30+16_38_08-All+Interactive+Brokers.png" width="640" /></a></div>
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Arial, Helvetica, sans-serif;">European stocks were sold off Friday on the Italian budget proposal. It makes the technical picture weaker that the EU50 index did not retest the late August high. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgv08OgSUPJO3cPLzXpfjIyCbwVeN6-xSWTX6q0169tTRDbYlSTvSG4INmNL_p1YfcbTPHiP6QpXUd4iE1dXua6Zikx4FlgogP6U4az3l1acwmAB5Fi1lw_oER2cNiBKzZPo1n8sWs1O1e4/s1600/2018-09-30+16_41_31-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="462" data-original-width="828" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgv08OgSUPJO3cPLzXpfjIyCbwVeN6-xSWTX6q0169tTRDbYlSTvSG4INmNL_p1YfcbTPHiP6QpXUd4iE1dXua6Zikx4FlgogP6U4az3l1acwmAB5Fi1lw_oER2cNiBKzZPo1n8sWs1O1e4/s640/2018-09-30+16_41_31-All+Interactive+Brokers.png" width="640" /></a></div>
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Arial, Helvetica, sans-serif;"><b>Bonds</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">US yields made new highs. German 2y spread at a new low that should put more pressure on Euro.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbhwtnxvnNCKUEGJIASVmPKTttYMAJYuZSahOwamfe4L8RPxyogrOJJV5tQvOKbtNVEkHZEG3imsOGPIQMKHjgkh31ej3XppyDOrAlDEr5uOnKFvOrlFj5cBssM0GwnhMA4Jdnv9Ywojpo/s1600/2018-09-30+16_47_53-Microsoft+Excel+-+BondYieldsHistory3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="570" data-original-width="932" height="390" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjbhwtnxvnNCKUEGJIASVmPKTttYMAJYuZSahOwamfe4L8RPxyogrOJJV5tQvOKbtNVEkHZEG3imsOGPIQMKHjgkh31ej3XppyDOrAlDEr5uOnKFvOrlFj5cBssM0GwnhMA4Jdnv9Ywojpo/s640/2018-09-30+16_47_53-Microsoft+Excel+-+BondYieldsHistory3.png" width="640" /></a></div>
<span style="font-family: Arial, Helvetica, sans-serif;"><br /></span>
<span style="font-family: Arial, Helvetica, sans-serif;"><b>Commodities</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">Oil is up, Brent broke out. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUeBuIez8eVWFfQik3YJ-yFn-jAFAyPlX207oeNASYF6gaYfTcXdRh9EldjPthJFiZvekRvrT7gmhnjthr6DiZULkudM1BA6oCv0PHvCCBn5Eyn2Q4iYdvDDISCzEpl1XMTPN1at1_opey/s1600/2018-09-30+17_01_04-Window.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="406" data-original-width="649" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUeBuIez8eVWFfQik3YJ-yFn-jAFAyPlX207oeNASYF6gaYfTcXdRh9EldjPthJFiZvekRvrT7gmhnjthr6DiZULkudM1BA6oCv0PHvCCBn5Eyn2Q4iYdvDDISCzEpl1XMTPN1at1_opey/s640/2018-09-30+17_01_04-Window.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEQp6UUyNh53kQT6E26pB3_JewbT2bkhFqsWXboU3dMUqL9d9KOxmEJGKIpvyN1PKnwpy626w2fPqKzcuAY8abk1UjczR868agsTMlTrDXKz25D-wOHH60UMoyiVBDkqSy7ALy-NVqbylp/s1600/2018-09-30+17_01_19-Window.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="402" data-original-width="646" height="398" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjEQp6UUyNh53kQT6E26pB3_JewbT2bkhFqsWXboU3dMUqL9d9KOxmEJGKIpvyN1PKnwpy626w2fPqKzcuAY8abk1UjczR868agsTMlTrDXKz25D-wOHH60UMoyiVBDkqSy7ALy-NVqbylp/s640/2018-09-30+17_01_19-Window.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>Gold and Silver</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">It seemed Friday morning that gold is about to break down the 1183 support but it bounced back sharply in the afternoon.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOQ9RSZ7TCG3W7AkCOsiRNI97uu0s18YTYBSZxRTLzMuC_fdQgZxetGpKnzQEtfarYvRbpVPInV5nJ-VTL-GBuCYy17verZ_bjidiEKahd2DQBmGCBmQJqMusFnd1WSihWn5jk0dTQmzoC/s1600/2018-09-30+17_23_14-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="832" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOQ9RSZ7TCG3W7AkCOsiRNI97uu0s18YTYBSZxRTLzMuC_fdQgZxetGpKnzQEtfarYvRbpVPInV5nJ-VTL-GBuCYy17verZ_bjidiEKahd2DQBmGCBmQJqMusFnd1WSihWn5jk0dTQmzoC/s640/2018-09-30+17_23_14-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Silver at the same time broke 14.50 resistance. It looks it could push up further next week.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDcQXt6FuR2LPU0Pb9x5UYwWhoXGuP-3Uxc0mrI7kP01rM6u4eydeLwbfGOVX0neOrEKfkKqjHb3gymxQ4rH9Q5lB-rnw1ghtm626tLH9BcMV-hmNoSJCz2Rs3JpQYExfL9TnlxlFx-M-u/s1600/2018-09-30+17_24_05-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="458" data-original-width="831" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDcQXt6FuR2LPU0Pb9x5UYwWhoXGuP-3Uxc0mrI7kP01rM6u4eydeLwbfGOVX0neOrEKfkKqjHb3gymxQ4rH9Q5lB-rnw1ghtm626tLH9BcMV-hmNoSJCz2Rs3JpQYExfL9TnlxlFx-M-u/s640/2018-09-30+17_24_05-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;"><b>FX</b></span><br />
<span style="font-family: Arial, Helvetica, sans-serif;">DX broke out from the consolidation range on Thursday as yield differentials started to prevail. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3hHv6WuU9mCZmagDO1Gx50_tXc5KguxVpIOJL-_RSXWVILIDUFutrAwtd9aBqB0CsLRjschm8kXLUGs7FYXVFEgn2TC4XZ5hqOm8VQ8QLWd6CCyhGqpX-RGRuvNTDDf7EYwQ481KWiaQT/s1600/2018-09-30+17_32_17-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="458" data-original-width="828" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3hHv6WuU9mCZmagDO1Gx50_tXc5KguxVpIOJL-_RSXWVILIDUFutrAwtd9aBqB0CsLRjschm8kXLUGs7FYXVFEgn2TC4XZ5hqOm8VQ8QLWd6CCyhGqpX-RGRuvNTDDf7EYwQ481KWiaQT/s640/2018-09-30+17_32_17-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Euro bounced back from the 0.1575 level late Friday, but it easily could test the 0.1525 stronger support next week.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_1ZvwvN_bT9SpwgRsB7hQwjBtgd2V1Px26s9PbWCsMyyUJsb0y3I15HlPR-O9uWX1eo05bDVxFCNHUMLPCptuFtd_KEJwStiSQslTk8Z0DbUxrMlBk_KHnMa94hznbzBIC-FrIh9L-6AO/s1600/2018-09-30+17_36_35-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="461" data-original-width="828" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_1ZvwvN_bT9SpwgRsB7hQwjBtgd2V1Px26s9PbWCsMyyUJsb0y3I15HlPR-O9uWX1eo05bDVxFCNHUMLPCptuFtd_KEJwStiSQslTk8Z0DbUxrMlBk_KHnMa94hznbzBIC-FrIh9L-6AO/s640/2018-09-30+17_36_35-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">Cable broke and retested the 1.3050 support. The next strong support is at 1.2800.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHnq3St6y3XzkhRS50scCz8MhNrWH1H2yreZPhrbk8qTU32-ntplA21hJ7PbxX6yKqPnXkCOPrc-fvCUMT-nsF8pyA4X-aQlof0E1EDxSQ_UFLjmBzD_poa7wARNW75qtTJeJ6xJuu-NEY/s1600/2018-09-30+17_40_57-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="457" data-original-width="831" height="350" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHnq3St6y3XzkhRS50scCz8MhNrWH1H2yreZPhrbk8qTU32-ntplA21hJ7PbxX6yKqPnXkCOPrc-fvCUMT-nsF8pyA4X-aQlof0E1EDxSQ_UFLjmBzD_poa7wARNW75qtTJeJ6xJuu-NEY/s640/2018-09-30+17_40_57-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">USD/JPY is approaching the January level but the 115 is the very strong resistance.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgJccYfXWVCb46iMqf7Wu9pkhrepYsQ0tNnAdm49ainh-GzuiZScznQpN_MZ419kTHjOr8cazgvfBAarRV-VbPioIYKF2_ZhRKMjnw-Q0ao8K8Bud-KqQD15R30ov8gpRLRBgZGxkA-0Wc/s1600/2018-09-30+17_44_30-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="458" data-original-width="831" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgJccYfXWVCb46iMqf7Wu9pkhrepYsQ0tNnAdm49ainh-GzuiZScznQpN_MZ419kTHjOr8cazgvfBAarRV-VbPioIYKF2_ZhRKMjnw-Q0ao8K8Bud-KqQD15R30ov8gpRLRBgZGxkA-0Wc/s640/2018-09-30+17_44_30-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">CAD could strengthen further on positive trade news as it did on Friday, but be aware of buying the rumors selling the news.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNier0lVbqwB765FrW7gUtADSuIhR44tJm9t5VtlPq4blZWM8clxkrtcAMlPFF6LOxSd0JIf-aB9Hr7IF3bgD_tEi2-MlF3zP_v1J6Yv-Oe9D7BpTCqvnLKOqeHTlLOaVWrkZ-5_K3EWPL/s1600/2018-09-30+17_47_30-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="830" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNier0lVbqwB765FrW7gUtADSuIhR44tJm9t5VtlPq4blZWM8clxkrtcAMlPFF6LOxSd0JIf-aB9Hr7IF3bgD_tEi2-MlF3zP_v1J6Yv-Oe9D7BpTCqvnLKOqeHTlLOaVWrkZ-5_K3EWPL/s640/2018-09-30+17_47_30-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: Arial, Helvetica, sans-serif;">NOK continued the nice trend, the next major support for EUR/NOK is at 9.40.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMId3dtt4wdO0_t-h7xuohOz4OHjvGSDkJv6NMw9M3quxgRvw_f2Mpq4eqyYIBtRPpr2bPY8XdYl6ERJP5AtSIzXIvnKbPDSWIl7uamZKLW5lWtvGF9t2TwKuP__dx5OShYCuvosd9Cam6/s1600/2018-09-30+17_50_54-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="458" data-original-width="830" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMId3dtt4wdO0_t-h7xuohOz4OHjvGSDkJv6NMw9M3quxgRvw_f2Mpq4eqyYIBtRPpr2bPY8XdYl6ERJP5AtSIzXIvnKbPDSWIl7uamZKLW5lWtvGF9t2TwKuP__dx5OShYCuvosd9Cam6/s640/2018-09-30+17_50_54-All+Interactive+Brokers.png" width="640" /></a></div>
Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-56749604982137557752018-09-23T18:58:00.002+02:002018-09-23T18:58:44.367+02:00Week Ahead 39<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Equities</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">SP500 made new high whereas NQ did not follow suit and finished the week with a bearish daily candle.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhS1jlVCMY0yBjtECGZReobxQ0WOuknRbgyp-W6BN_bHSIgbjw9ITxPHce63lPpRW5xiUrUzBsS8FCBxzIjkyKdGQ4xgO0V7aDNQ0XsiCkEcT6o-8CvmETX12jq6mmUSdoERF6UwaRD0TTA/s1600/2018-09-23+18_03_17-PASZTOR+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="461" data-original-width="832" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhS1jlVCMY0yBjtECGZReobxQ0WOuknRbgyp-W6BN_bHSIgbjw9ITxPHce63lPpRW5xiUrUzBsS8FCBxzIjkyKdGQ4xgO0V7aDNQ0XsiCkEcT6o-8CvmETX12jq6mmUSdoERF6UwaRD0TTA/s640/2018-09-23+18_03_17-PASZTOR+Interactive+Brokers.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7mtjezoiYWWN8ycT6Tj84A_4MKc1qLDsAVDTti9BjNh36A1Fh78Ul1GtfTRG_CMUO7rvo-LgHed-ybVNJhv4rsnS2in244WRVomaX7OcOpBqz3AafW62pigD6JWu7xIG4D_d5759zmGZO/s1600/2018-09-23+18_04_01-PASZTOR+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="460" data-original-width="831" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7mtjezoiYWWN8ycT6Tj84A_4MKc1qLDsAVDTti9BjNh36A1Fh78Ul1GtfTRG_CMUO7rvo-LgHed-ybVNJhv4rsnS2in244WRVomaX7OcOpBqz3AafW62pigD6JWu7xIG4D_d5759zmGZO/s640/2018-09-23+18_04_01-PASZTOR+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">DAX had a nice rally but it is facing various resistance levels.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4S63ZiuRzj7sQUVeflNfV203owpgm2SbepcO6IpffSETdDhhfecW1cQxrE1Wk8ahqFQZHvg3aIWFNDgPXjLad5XssOh6wQ6EfjTMjPTcGOK0O4I8i7SpXdRnAuXz9ken1USrMykRcvttP/s1600/2018-09-23+18_08_09-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="457" data-original-width="829" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4S63ZiuRzj7sQUVeflNfV203owpgm2SbepcO6IpffSETdDhhfecW1cQxrE1Wk8ahqFQZHvg3aIWFNDgPXjLad5XssOh6wQ6EfjTMjPTcGOK0O4I8i7SpXdRnAuXz9ken1USrMykRcvttP/s640/2018-09-23+18_08_09-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Bonds</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">The US 10y yield broke the 3.00% psychological level and the curve steepened a bit.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjFCzzyvtozOBXtt1uclHfHG3ejp1okk0yA8FP0OFb8HqWheZpr6usojsegr8cFuEV3hNqXCgiGH8oEYC5UuqNiDo6WT9AJvPm72FpbD8wyBjwA3Y7wC8xo41w7JjuHn6TKPF3Ht8B0ncA/s1600/2018-09-23+18_14_48-Microsoft+Excel+-+BondYieldsHistory3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="286" data-original-width="935" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjFCzzyvtozOBXtt1uclHfHG3ejp1okk0yA8FP0OFb8HqWheZpr6usojsegr8cFuEV3hNqXCgiGH8oEYC5UuqNiDo6WT9AJvPm72FpbD8wyBjwA3Y7wC8xo41w7JjuHn6TKPF3Ht8B0ncA/s640/2018-09-23+18_14_48-Microsoft+Excel+-+BondYieldsHistory3.png" width="640" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLoRaIdC2fwHs2_lx_9p0Fbtf2VQhlHD_3nlkkwEfhyphenhyphenQxNrg5yWUTjTOUEAKo16pWr4P1pkq8JbbPpA1pHL_55UvDHhN0HH9E_k1M1fwzxOdRFtTZ6HfIyi4MVktIQc0bNNObE3Vb6KBBo/s1600/2018-09-23+18_18_42-Microsoft+Excel+-+BondYieldsHistory3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="284" data-original-width="464" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLoRaIdC2fwHs2_lx_9p0Fbtf2VQhlHD_3nlkkwEfhyphenhyphenQxNrg5yWUTjTOUEAKo16pWr4P1pkq8JbbPpA1pHL_55UvDHhN0HH9E_k1M1fwzxOdRFtTZ6HfIyi4MVktIQc0bNNObE3Vb6KBBo/s320/2018-09-23+18_18_42-Microsoft+Excel+-+BondYieldsHistory3.png" width="320" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">European spreads widened. The question is how long the Euro can ignore it.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGKuRna1uDPKC2hgDrhpjiBlbRW4DFzOHl37BOXRF-Hlqa3iw0-u520g2sUXeb-kW6-2BXCx1uHN6wNt4RtUZuiTv67u_CGjpi0Wo8RiJeL-edcBWwmNBnze7AOd1OTFbnnnqzEW50I9q_/s1600/2018-09-23+18_21_28-Microsoft+Excel+-+BondYieldsHistory3.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="284" data-original-width="933" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGKuRna1uDPKC2hgDrhpjiBlbRW4DFzOHl37BOXRF-Hlqa3iw0-u520g2sUXeb-kW6-2BXCx1uHN6wNt4RtUZuiTv67u_CGjpi0Wo8RiJeL-edcBWwmNBnze7AOd1OTFbnnnqzEW50I9q_/s640/2018-09-23+18_21_28-Microsoft+Excel+-+BondYieldsHistory3.png" width="640" /></a></span></div>
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<b>Commodities</b></div>
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Both WTI and Brent is struggling with resistance levels. Should the Brent break the 80 we could see some more upside there. </div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw9cMYkU_uRklaL3mBEAjBoNMsc0wBd-pKqNL9EmIZrq-9ItjofpTG2mLtuJ_HxANNVnNTg4Ku6wYp-qUTGaDq0rUj0DniCS1boTgtidlMyKexFHyK1tDASAsrVR5-P96i4Ha4dWFAKtPH/s1600/2018-09-23+18_37_51-USOIL_+70.69+%25E2%2596%25B2%252B0.78%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="402" data-original-width="648" height="247" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgw9cMYkU_uRklaL3mBEAjBoNMsc0wBd-pKqNL9EmIZrq-9ItjofpTG2mLtuJ_HxANNVnNTg4Ku6wYp-qUTGaDq0rUj0DniCS1boTgtidlMyKexFHyK1tDASAsrVR5-P96i4Ha4dWFAKtPH/s400/2018-09-23+18_37_51-USOIL_+70.69+%25E2%2596%25B2%252B0.78%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" width="400" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgj0cwJ98mUNUzZH2BsOWdgiovvbDL5d2s6jvsz7yS4hyphenhyphen-jZHutCy_lrxNXbbg6v2F7I6xbrENgtBiVrx-TaJCWCtqqM-QoKwEW8qKEW4rtpytD3eyl8pGwxgC7BztOD4jZDvPRa30LuNyS/s1600/2018-09-23+18_38_51-UKOIL_+78.67+%25E2%2596%25B2%252B0.04%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="402" data-original-width="644" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgj0cwJ98mUNUzZH2BsOWdgiovvbDL5d2s6jvsz7yS4hyphenhyphen-jZHutCy_lrxNXbbg6v2F7I6xbrENgtBiVrx-TaJCWCtqqM-QoKwEW8qKEW4rtpytD3eyl8pGwxgC7BztOD4jZDvPRa30LuNyS/s400/2018-09-23+18_38_51-UKOIL_+78.67+%25E2%2596%25B2%252B0.04%2525+%25E2%2580%2594+4CHARTS+%25E2%2580%2594+TradingView.png" width="400" /></a></div>
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Copper bounced back sharply from key level and even made a higher high on the daily chart. Cancelling the Chinese delegation trip to US might push back the momentum.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjW9PXcJM2VPuAmJg4uPlYgK7CgNq7Wn239V4NAvu6WjOPwNIUwdRJKU6awcR-Wq5j2szbxKTs63JTEe5SvDhNhLEOH5Lz_WZn_ZRwgzE0rYFSqsOZcraYanbVtfqqlxHgTkOTnikis_Js/s1600/2018-09-23+18_43_54-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="919" data-original-width="834" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjW9PXcJM2VPuAmJg4uPlYgK7CgNq7Wn239V4NAvu6WjOPwNIUwdRJKU6awcR-Wq5j2szbxKTs63JTEe5SvDhNhLEOH5Lz_WZn_ZRwgzE0rYFSqsOZcraYanbVtfqqlxHgTkOTnikis_Js/s640/2018-09-23+18_43_54-All+Interactive+Brokers.png" width="580" /></a></div>
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<b>Gold</b></div>
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Gold is still trading in the range around 1200. Given the rise in the US yields it looks that downside breakdown is more likely.</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPrVZFdR1ZIZ0jl80m41tsXx_DRw-_XoPJSL9EZamvCYnwArIkg8krUz0Uak6_faem75SXHwGhyphenhyphenMA3_jvsdIRsGo0rHMH1LwfCUZylBsvopa93fdZB8nhwIF4FHfRee-YRCL8uSKWydGUw/s1600/2018-09-23+18_50_15-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="457" data-original-width="831" height="350" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPrVZFdR1ZIZ0jl80m41tsXx_DRw-_XoPJSL9EZamvCYnwArIkg8krUz0Uak6_faem75SXHwGhyphenhyphenMA3_jvsdIRsGo0rHMH1LwfCUZylBsvopa93fdZB8nhwIF4FHfRee-YRCL8uSKWydGUw/s640/2018-09-23+18_50_15-All+Interactive+Brokers.png" width="640" /></a></div>
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<b>FX</b></div>
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DX bounced back from key support on Friday. We should see how the 94.00 resistance will hold</div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEic8uTSBnwFzvPqx7jYiOSuWUFI9iL9b39g1Tl3IUeL6duPoj0OpI6-3X9-5qjAmfq8wLnkBJ-BWnXYkhUgyznqvMhFDA-L62TTEOOBpKpIvvF1Ab5enZIwJgpoAnXliik7vkjWqnujDbGM/s1600/2018-09-23+18_54_02-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="460" data-original-width="829" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEic8uTSBnwFzvPqx7jYiOSuWUFI9iL9b39g1Tl3IUeL6duPoj0OpI6-3X9-5qjAmfq8wLnkBJ-BWnXYkhUgyznqvMhFDA-L62TTEOOBpKpIvvF1Ab5enZIwJgpoAnXliik7vkjWqnujDbGM/s640/2018-09-23+18_54_02-All+Interactive+Brokers.png" width="640" /></a></div>
</span>Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-32490382803951150822018-09-16T18:15:00.000+02:002018-09-17T08:17:39.845+02:00Week Ahead 38<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Equities</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Dip in US equities seems to be short lived as both SP500 and NQ was up in the week forming a higher swing low. We have to see new highs before declaring that the correction is over. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn5TWsT9l-dlGc8eL5DQfnjx3ltw-Wh5uzqOZ6PXrXr0tMwuATj-YywyvlIlC41vYHG5T7S7RPmanATp3w0b3Etox4iQGKMZ78wv3GPPB4Txj4FAN-IT8SN-A6U5L5GCz5Z3biEO8RqFAF/s1600/2018-09-16+17_21_56-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="462" data-original-width="831" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn5TWsT9l-dlGc8eL5DQfnjx3ltw-Wh5uzqOZ6PXrXr0tMwuATj-YywyvlIlC41vYHG5T7S7RPmanATp3w0b3Etox4iQGKMZ78wv3GPPB4Txj4FAN-IT8SN-A6U5L5GCz5Z3biEO8RqFAF/s640/2018-09-16+17_21_56-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjde0NO7qB8FxLQCw1kluUnAmS2wGX4VqX9kSccfxg6VYAMPHNp8mVypt2CGKkxiPP8igsGYBYQb1JgJpgL5f-COFlaF6K2CRsIvwqo7CIwnVNVHrVck2FP9kvOQCq1oxCfFIR_aHDF6J2/s1600/2018-09-16+17_22_20-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="829" height="353" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhjde0NO7qB8FxLQCw1kluUnAmS2wGX4VqX9kSccfxg6VYAMPHNp8mVypt2CGKkxiPP8igsGYBYQb1JgJpgL5f-COFlaF6K2CRsIvwqo7CIwnVNVHrVck2FP9kvOQCq1oxCfFIR_aHDF6J2/s640/2018-09-16+17_22_20-All+Interactive+Brokers.png" width="640" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">European equities bounced back just before touching the March lows and now are in a supply zone that could be a bull flag or consolidation before reversal.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6F7b7tOQ_sMcTEwldJevXOozl0ufy4uzxy05VoBAVtN7u0AS6b4e8PxLjB_vdmn3fpBvDyhf03hW9LpZmWZ0yF8oKHW2ZzjSmla54Tcp7tnnyvnqgjyajwtM7B1mRKNqX0HFJcVim9jM5/s1600/2018-09-16+17_26_00-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="922" data-original-width="831" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6F7b7tOQ_sMcTEwldJevXOozl0ufy4uzxy05VoBAVtN7u0AS6b4e8PxLjB_vdmn3fpBvDyhf03hW9LpZmWZ0yF8oKHW2ZzjSmla54Tcp7tnnyvnqgjyajwtM7B1mRKNqX0HFJcVim9jM5/s640/2018-09-16+17_26_00-All+Interactive+Brokers.png" width="576" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Emerging markets had some relief in the second half of the week, but the picture is still very bearish.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj87s8kdAU3b9Xf_QVXsuC-uRTe4KijsM6dWynl1u4UCPpuHWI1Ezaj43hLz2VYxkNwT78c2GolCuKSqAoMASWxxy1LPwM16gAgh2kz5eHAxdbk489vuQKBkboxhCy__KhYOKMoEbMogSem/s1600/2018-09-16+17_31_25-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="919" data-original-width="832" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj87s8kdAU3b9Xf_QVXsuC-uRTe4KijsM6dWynl1u4UCPpuHWI1Ezaj43hLz2VYxkNwT78c2GolCuKSqAoMASWxxy1LPwM16gAgh2kz5eHAxdbk489vuQKBkboxhCy__KhYOKMoEbMogSem/s640/2018-09-16+17_31_25-All+Interactive+Brokers.png" width="578" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Bonds</b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">US yields are up. The 2y-10y spread remained within the 0.20-0.25% range.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgARoHXVQl086a5XMJErQLUdCcDtBRVozjJN_pD4aea_qIloWnt4wrRHYyZp7QMKnPi353HMwAt7igLQioMP-JTfoY6YE7qyChSD7U1m5QvDuthOZB12aJ_sn59cPOlXRU8aVcbEZ-hV_IZ/s1600/2018-09-16+17_40_49-Window.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="283" data-original-width="934" height="192" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgARoHXVQl086a5XMJErQLUdCcDtBRVozjJN_pD4aea_qIloWnt4wrRHYyZp7QMKnPi353HMwAt7igLQioMP-JTfoY6YE7qyChSD7U1m5QvDuthOZB12aJ_sn59cPOlXRU8aVcbEZ-hV_IZ/s640/2018-09-16+17_40_49-Window.png" width="640" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgt3u-zXHZCuw1fD7-l6O-QERhgSxYZT79LgHBpDGdNelFGkZ_xHuyZiENt2OCrHWIcoRNQN3GqyDSFeNv26cGUMT7x96-3FIEKTpFq6bTyZ0vFjpChAfqTjoeN0q4DUlmvaV0UmPcfZI1j/s1600/2018-09-16+17_46_44-Window.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="284" data-original-width="466" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgt3u-zXHZCuw1fD7-l6O-QERhgSxYZT79LgHBpDGdNelFGkZ_xHuyZiENt2OCrHWIcoRNQN3GqyDSFeNv26cGUMT7x96-3FIEKTpFq6bTyZ0vFjpChAfqTjoeN0q4DUlmvaV0UmPcfZI1j/s320/2018-09-16+17_46_44-Window.png" width="320" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The Geman-US 2y spread widened which is not a good omen for the Euro.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5XjKAw9gVsz-a6BXP9XyS1SPyrpnkAvXWQM20F-T3nXy7JDsQk75WeHLnA-G7o1P617NwxiBPWq04b1tq5BtMn3xxwPqckg-X5xKWAXFx_P2-ZJmKzfJH8OMOahfCgPuLbrHnV3a3c5wN/s1600/2018-09-16+17_50_37-Window.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="284" data-original-width="465" height="195" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5XjKAw9gVsz-a6BXP9XyS1SPyrpnkAvXWQM20F-T3nXy7JDsQk75WeHLnA-G7o1P617NwxiBPWq04b1tq5BtMn3xxwPqckg-X5xKWAXFx_P2-ZJmKzfJH8OMOahfCgPuLbrHnV3a3c5wN/s320/2018-09-16+17_50_37-Window.png" width="320" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Commodities</b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">WTI is still trading within the 64-75 range, whereas Brent bounced back from the 80.00 resistance. Due to the Iran sanction the Brent-WTI spread is still going up.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLgh4oxko23wVQ1MDQNBEYnW8x-iFrtPWjsc2Cr2t8TcHhlhoGczZ3b_DtNpgxcy1Njh9qti7ivhyoXOoelqDPXI6EH94hTWnel_K4Ewm-oUslHSKOBahpDpIQ1WdBskeTTN4QEZg0ML-f/s1600/2018-09-16+17_57_51-Window.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="416" data-original-width="645" height="412" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLgh4oxko23wVQ1MDQNBEYnW8x-iFrtPWjsc2Cr2t8TcHhlhoGczZ3b_DtNpgxcy1Njh9qti7ivhyoXOoelqDPXI6EH94hTWnel_K4Ewm-oUslHSKOBahpDpIQ1WdBskeTTN4QEZg0ML-f/s640/2018-09-16+17_57_51-Window.png" width="640" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Copper is at 2.60 very important support level that is the May 2017 low.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn6XT2EK8iWvIepF-PKhfLqc2kVnvw3f9dA4DbN94NWDjZrAJ2KwLEN3kzAhKcdk57mJAYu2Kw1yzAlOh6MoKTOF1cgzmqdA_jRZRMd_-ZLvvLD2u7BlPz4RfjxbkwBBTE_J_rS7giAlUu/s1600/2018-09-16+18_00_28-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="919" data-original-width="827" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhn6XT2EK8iWvIepF-PKhfLqc2kVnvw3f9dA4DbN94NWDjZrAJ2KwLEN3kzAhKcdk57mJAYu2Kw1yzAlOh6MoKTOF1cgzmqdA_jRZRMd_-ZLvvLD2u7BlPz4RfjxbkwBBTE_J_rS7giAlUu/s640/2018-09-16+18_00_28-All+Interactive+Brokers.png" width="574" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Gold</b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Gold climbed to 1212 but quickly retraced back to 1192.50 with a sharp move on Friday.</span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGJe9gz-utZaj8imEKUF6Ajz1lOQIpZSGj_ry4A_xTWmnHD67cKdHcAad9Gh8nTVa2ybLFOxhwxyZpDJwSBf6uti6zpMye_KWcOto0XaNYNZko-LYfSbweJhc-ZcZnAU4_Ej_0KKj7s5gi/s1600/2018-09-16+18_09_57-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="829" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGJe9gz-utZaj8imEKUF6Ajz1lOQIpZSGj_ry4A_xTWmnHD67cKdHcAad9Gh8nTVa2ybLFOxhwxyZpDJwSBf6uti6zpMye_KWcOto0XaNYNZko-LYfSbweJhc-ZcZnAU4_Ej_0KKj7s5gi/s640/2018-09-16+18_09_57-All+Interactive+Brokers.png" width="640" /></a></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>FX</b></span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">DX bounced off sharply from the 94.00 support on Friday. </span></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwQGuNTLqrOXtkGUoquFkikD1R3Sm-5RK-nsFqgi__UupqmbndiSGEe9dzouIWd6s0Km4gzhq0Yljz4fMcaAoNZpDymRO04SUTwAGlvcHhEAX3yxWq9u5-C2LrhuE73NMyeHnsxPKv4acJ/s1600/2018-09-16+18_11_27-Window.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="457" data-original-width="830" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwQGuNTLqrOXtkGUoquFkikD1R3Sm-5RK-nsFqgi__UupqmbndiSGEe9dzouIWd6s0Km4gzhq0Yljz4fMcaAoNZpDymRO04SUTwAGlvcHhEAX3yxWq9u5-C2LrhuE73NMyeHnsxPKv4acJ/s640/2018-09-16+18_11_27-Window.png" width="640" /></a></span></div>
Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-40151672595399780452018-08-23T13:18:00.001+02:002018-08-23T13:18:27.134+02:00USD cannot break out from support zone<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUOOIjri0h8bJlS4jLi3AKpQU5lmbJuc67zkXK0L_WFl_NQB6JWTtZsyvsVyCprY_qII6o7W06ypAK1vW47T8A38NQfElR02v_eqdz9XfF8XJFOdcnGUbckg6OGYnGJFWXA9euDI1KrRtX/s1600/2018-08-23+13_16_20-PL%2526QUESTIVE+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="462" data-original-width="827" height="356" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUOOIjri0h8bJlS4jLi3AKpQU5lmbJuc67zkXK0L_WFl_NQB6JWTtZsyvsVyCprY_qII6o7W06ypAK1vW47T8A38NQfElR02v_eqdz9XfF8XJFOdcnGUbckg6OGYnGJFWXA9euDI1KrRtX/s640/2018-08-23+13_16_20-PL%2526QUESTIVE+Interactive+Brokers.png" width="640" /></a></div>
<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-47746852117923900232018-08-21T07:18:00.000+02:002018-08-21T07:18:05.674+02:00USD enters support zone<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgdjhBeJieB4Ja6OmJTLrYNWlj_TlkC4wL75wJczN4voJh0yL5HDmMrky3UdW_rEhlrR6zvO20Y88JPmYhruhvizjLGZroY5sNh1W0J1LGPLWK1J_lgPFAXg1TaZ2KQcTlb61KArveHM0o/s1600/2018-08-21+07_14_32-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="459" data-original-width="832" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgdjhBeJieB4Ja6OmJTLrYNWlj_TlkC4wL75wJczN4voJh0yL5HDmMrky3UdW_rEhlrR6zvO20Y88JPmYhruhvizjLGZroY5sNh1W0J1LGPLWK1J_lgPFAXg1TaZ2KQcTlb61KArveHM0o/s640/2018-08-21+07_14_32-All+Interactive+Brokers.png" width="640" /></a></div>
<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-13488952566950611152018-08-19T15:06:00.002+02:002018-08-19T15:09:15.166+02:00Week Ahead 34<span style="font-family: "arial" , "helvetica" , sans-serif;"><span style="font-family: "arial" , "helvetica" , sans-serif;">Next week will be busy with news and important data releases. FOMC meeting minutes,</span> resumption of US China trade talks, Jackson Hole just to mention a few. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">USD Index finished the week with a strong bearish bar closing at a S/T resistance at 96.00. Should that level fail MAs offer support otherwise the market could retest the strong support around 95.20.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAGGJCvbHcCBFIXmvQsR88ejvbkjYIkR3ntnPz1yGOu8IHgl6LL0j32Fay3s_7wANY7vEegI3ihEXhNC3UC4dSpJGFywjWQBhlJH-UAhf0G6SCE34S6GCvH6gfiq9kTRccEPY_Slu00HoF/s1600/2018-08-18+19_16_15-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="442" data-original-width="1600" height="176" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAGGJCvbHcCBFIXmvQsR88ejvbkjYIkR3ntnPz1yGOu8IHgl6LL0j32Fay3s_7wANY7vEegI3ihEXhNC3UC4dSpJGFywjWQBhlJH-UAhf0G6SCE34S6GCvH6gfiq9kTRccEPY_Slu00HoF/s640/2018-08-18+19_16_15-All+Interactive+Brokers.png" width="640" /></span></a></div>
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Equities</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">SP500 closed the gap on Friday finishing the week on a bullish note. Moving averages offer now support and the early Augusts high is the resistance before the all time high. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZQlAK9jaGn7_OFJzhORkOtrOE3WeIHETTFRl1gESst7DwUgbT3Uj1vY3WdfNwg4usHvjSF06hHZd6BXe3aSKjONYeMHQJI6qMjfXW5vU9nhfdF4hEHo4UPey3j62iKAoFli13v52KMUNV/s1600/2018-08-18+19_22_42-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="919" data-original-width="832" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhZQlAK9jaGn7_OFJzhORkOtrOE3WeIHETTFRl1gESst7DwUgbT3Uj1vY3WdfNwg4usHvjSF06hHZd6BXe3aSKjONYeMHQJI6qMjfXW5vU9nhfdF4hEHo4UPey3j62iKAoFli13v52KMUNV/s640/2018-08-18+19_22_42-All+Interactive+Brokers.png" width="578" /></span></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Nasdaq Index respected the longer term trendline and bounced back from 7300. The lower highs on short timeframe are a bit of concern now.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxlsEf6cpqI2D9a81CstOpIvEjBwuuDLrZctcYhBF198jwAfi8DFYg4Gk2OxAc6ujzP2Y6NCxyK2igvGooVAROYImxy5jIZkMiIiWg3ckRAP93qqOazecnKdow8nW8AK9DMwntFBs7Q9CU/s1600/2018-08-18+19_34_36-PL_MASTER+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="460" data-original-width="830" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxlsEf6cpqI2D9a81CstOpIvEjBwuuDLrZctcYhBF198jwAfi8DFYg4Gk2OxAc6ujzP2Y6NCxyK2igvGooVAROYImxy5jIZkMiIiWg3ckRAP93qqOazecnKdow8nW8AK9DMwntFBs7Q9CU/s640/2018-08-18+19_34_36-PL_MASTER+Interactive+Brokers.png" width="640" /></span></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">DAX bounced back from strong support and needs much more to change the bearish picture.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDJ1wOdF1npRyJiz1TqOnbbdgyKdYrJ1PpMexPO9IxaCHau_b1ZXnT7AcFQLKtKpK85Nxsi36lW-6LDMkbQNLLzO0OCwzNxP4GtU_MDooEjb4nZyn9Wgy9H09ThyuvkWB7rC65cu-LdMYh/s1600/2018-08-18+19_30_25-PL_MASTER+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="458" data-original-width="829" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiDJ1wOdF1npRyJiz1TqOnbbdgyKdYrJ1PpMexPO9IxaCHau_b1ZXnT7AcFQLKtKpK85Nxsi36lW-6LDMkbQNLLzO0OCwzNxP4GtU_MDooEjb4nZyn9Wgy9H09ThyuvkWB7rC65cu-LdMYh/s640/2018-08-18+19_30_25-PL_MASTER+Interactive+Brokers.png" width="640" /></span></a></div>
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<b><span style="font-family: "arial" , "helvetica" , sans-serif;">Bonds</span></b><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Declining US yields and flattening yield curve might not be a good sing for equities. The 2y could not bounce back as the US indices did on Friday.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI-wO-KVO9UdF6bF1-r2lZVI_ka5LA01eFn-YdRHNJ5W7sfUaT_-0FMXUTvLDegB1l3m3-mRbp5_VNCBPksTy8eBWIMuj_JZiQIQmXbYTBymQwOv3MjaZjTp_LCGzyXq0qtYrsEGUQxzU3/s1600/2018-08-18+19_42_05-Microsoft+Excel+-+BondYieldsHistory3.xlsm.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="284" data-original-width="934" height="193" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjI-wO-KVO9UdF6bF1-r2lZVI_ka5LA01eFn-YdRHNJ5W7sfUaT_-0FMXUTvLDegB1l3m3-mRbp5_VNCBPksTy8eBWIMuj_JZiQIQmXbYTBymQwOv3MjaZjTp_LCGzyXq0qtYrsEGUQxzU3/s640/2018-08-18+19_42_05-Microsoft+Excel+-+BondYieldsHistory3.xlsm.png" width="640" /></span></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijMkCUCaIWA4TouSq42cc_LE_3nWmngSqW2FlGL9JDuV4V6SgjABYZlNoC0h8uO3JPKcsUtqhQ1MPnolMax-hYO2IsylPHXY793qK4mRDsl60Irlx1fQIBxNy9l6I0zITMOr4oaPyO14uP/s1600/2018-08-18+19_42_16-Microsoft+Excel+-+BondYieldsHistory3.xlsm.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span style="font-family: "arial" , "helvetica" , sans-serif;"><img border="0" data-original-height="284" data-original-width="467" height="194" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijMkCUCaIWA4TouSq42cc_LE_3nWmngSqW2FlGL9JDuV4V6SgjABYZlNoC0h8uO3JPKcsUtqhQ1MPnolMax-hYO2IsylPHXY793qK4mRDsl60Irlx1fQIBxNy9l6I0zITMOr4oaPyO14uP/s320/2018-08-18+19_42_16-Microsoft+Excel+-+BondYieldsHistory3.xlsm.png" width="320" /></span></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Commodities</b></span></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;">US Oil broke down from the 67-00-70.50 channel. The 200d SMA and the early June lows offer a strong support now.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv_jIimoXUU4Px-1CMYZIeB3_KX6V4MFaNpQErUlfsHu9zQDGvS8rJOdgeC3MJ9BP_6e4ZggE87Su_IC-H6TekWjInt0obfqWa0AxwAKTGtvy7IV2niSQQvnqUVtID1KJxNwh5ot2WybRc/s1600/2018-08-18+19_47_58-SaxoTraderGO.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="402" data-original-width="915" height="280" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv_jIimoXUU4Px-1CMYZIeB3_KX6V4MFaNpQErUlfsHu9zQDGvS8rJOdgeC3MJ9BP_6e4ZggE87Su_IC-H6TekWjInt0obfqWa0AxwAKTGtvy7IV2niSQQvnqUVtID1KJxNwh5ot2WybRc/s640/2018-08-18+19_47_58-SaxoTraderGO.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Copper is off the L/T support at 2.50. Positive trade talks news could lift it even further.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9VPo_7o4aKvCGo_YJkUSjd3wNLwroPKKjz-fYsL7q8edWaD8-ylgTbXIuPDqxhCpl4LlNpMwavKjlC2OHNi6yY5MRCOcH3LjosXoBdeemm2rfpftO1iAuzx0Pu7ltNrngn7Rd_CA6AF8u/s1600/2018-08-18+19_54_59-PL_MASTER+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="457" data-original-width="826" height="354" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9VPo_7o4aKvCGo_YJkUSjd3wNLwroPKKjz-fYsL7q8edWaD8-ylgTbXIuPDqxhCpl4LlNpMwavKjlC2OHNi6yY5MRCOcH3LjosXoBdeemm2rfpftO1iAuzx0Pu7ltNrngn7Rd_CA6AF8u/s640/2018-08-18+19_54_59-PL_MASTER+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Gold</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Gold is fully driven by USD rather the prevailing risk on/off mood. It broke the 1200 level on Monday and reversed sharply on Thursday. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtNLIxvOnuGGVqcVhV8f3kZbmqaG-mvfbgErUk0Z3Lf1AlBi9ljnM0y_4_tDnCPsaLjJdn_FRpVbF0yN55zly5Ecv1jOdGSnh3jaMgewVZZjLZogQrjcghDDYPIrGxEPxTQzTO0-Nf6LTU/s1600/2018-08-19+14_22_32-PL_MASTER+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="458" data-original-width="830" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtNLIxvOnuGGVqcVhV8f3kZbmqaG-mvfbgErUk0Z3Lf1AlBi9ljnM0y_4_tDnCPsaLjJdn_FRpVbF0yN55zly5Ecv1jOdGSnh3jaMgewVZZjLZogQrjcghDDYPIrGxEPxTQzTO0-Nf6LTU/s640/2018-08-19+14_22_32-PL_MASTER+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>FX</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">EUR broke the 14.30 S/T resistance but needs follow through. GBP is at the 1.2750 S/T resistance. Both AUD and NZD had a nice follow through after breaking S/T resistance. CAD moved sharply after the strong CPI reading and now is at a S/T support. CNH also broke support on the resumption of trade talks. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRjxOk1Y15ZWLuuLe8rxth0nwWCx8J5wDKsM3G-bwPPiu5oQDloYxcW1XFCcVpxB4ZhYU9_OwdtmVrmkdkygpNDrXutlFOrcsayKmppDxqeOklx2ojaUquAV0WH9pCZ55gmJhKdJ-4MP3J/s1600/2018-08-19+14_55_04-NZD.USD%2540IDEALPRO+-+Midpoint+-+07_31-08_19+4+hr+bars.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="637" data-original-width="1600" height="254" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRjxOk1Y15ZWLuuLe8rxth0nwWCx8J5wDKsM3G-bwPPiu5oQDloYxcW1XFCcVpxB4ZhYU9_OwdtmVrmkdkygpNDrXutlFOrcsayKmppDxqeOklx2ojaUquAV0WH9pCZ55gmJhKdJ-4MP3J/s640/2018-08-19+14_55_04-NZD.USD%2540IDEALPRO+-+Midpoint+-+07_31-08_19+4+hr+bars.png" width="640" /></a></div>
Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-63107524023089178482018-08-17T12:35:00.000+02:002018-08-19T15:29:12.598+02:00European carmakers<span style="font-family: "arial" , "helvetica" , sans-serif;">BMW: bounced back from key support and is in an upward channel.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Daimler: broke key support and it is forming a potential double bottom.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">VW: broke key supports. Little follow through after the second break, now it is consolidating.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Renault: broke key support and it is consolidating.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Peugeot: broke out from a long term channel and reached a measured move target that acts as a resistance now.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Fiat: the pass away of the CEO pushed the priced down to the January low key support level.</span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Peugeot/BMW shrinking spread is something to consider.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmP5FLrAevletNxqYOTtSMUvtS7UiU2VkP4UJVNWY9W6xPaO6aqHpfon5vxKtmhRk202Z839IDf7vCXPRM0lvaBJb1ttOlXNS_j-e8zosp4ub78aLtlee19uEdz0a_qSZYntMojDGnJJET/s1600/2018-08-17+12_20_06-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="919" data-original-width="831" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmP5FLrAevletNxqYOTtSMUvtS7UiU2VkP4UJVNWY9W6xPaO6aqHpfon5vxKtmhRk202Z839IDf7vCXPRM0lvaBJb1ttOlXNS_j-e8zosp4ub78aLtlee19uEdz0a_qSZYntMojDGnJJET/s640/2018-08-17+12_20_06-All+Interactive+Brokers.png" width="578" /></a></div>
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<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-46342829544015103882018-08-17T07:05:00.000+02:002018-08-17T07:05:46.653+02:00DX trend is intact but it is facing with key resistance<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQ07xZ3kuSLDhgSq2xh_wxNIlSlsuPbqpCu9dffJfR3Bcfug-F_E2x8zv2_Y77OMfqG1TJM98XxFbZpxpU3ap9C2cMJTIcsrLM8LtRsiGvH8jcj0FC4GH1JrbeQ3-YT2GltyWedxwzclg0/s1600/2018-08-17+07_00_35-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="920" data-original-width="829" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQ07xZ3kuSLDhgSq2xh_wxNIlSlsuPbqpCu9dffJfR3Bcfug-F_E2x8zv2_Y77OMfqG1TJM98XxFbZpxpU3ap9C2cMJTIcsrLM8LtRsiGvH8jcj0FC4GH1JrbeQ3-YT2GltyWedxwzclg0/s640/2018-08-17+07_00_35-All+Interactive+Brokers.png" width="576" /></a></div>
<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-76736545939946982152018-08-16T18:42:00.001+02:002018-08-16T18:42:24.173+02:00Copper is not in a very good shape<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;">Resumption of trade talks lifted the price from key support.</span></div>
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<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-44470006246313393302018-08-16T07:32:00.001+02:002018-08-16T07:51:31.892+02:00USD intervention? Alessio de Longis of Oppenheimer Funds<span style="font-family: "arial" , "helvetica" , sans-serif;">Great video on Bloomberg <a href="https://www.bloomberg.com/news/videos/2018-08-15/u-s-dollar-intervention-not-that-radical-anymore-says-de-longis-video" target="_blank">here</a>. "If you asked me a month ago, tariffs were radical... so it is not so radical anymore". </span>Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-75119064372610384252018-08-16T06:55:00.003+02:002018-08-16T07:08:25.889+02:00USD consolidates<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: Arial, Helvetica, sans-serif;">US-China trade talks should be behind.</span></div>
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<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-77012419893282955332018-08-15T16:59:00.000+02:002018-08-15T17:05:59.438+02:00DAX is near major resistance<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">This is the June 28 low and also a measured move target. I wouldn't call it support now.</span></div>
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Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-1183400346894934202018-08-15T16:55:00.002+02:002018-08-17T15:10:13.444+02:00The real EUR headache<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZnRkRh7Efvm0Ddw1kmpSZAZ5N6i4MfT0Q3gA3Svn_78SDt-3HDwIPt_j4e01ZFdFVAJAnsvWYSPcTJel8GtaIwPHPN_erdNIs2KQxadf5DGVKxrwGc5TPSH5nZ-GiZ9AOIAZT1qSPQWiB/s1600/2018-08-15+16_53_24-Microsoft+Excel+-+ForexFactory2PL9.xlsm.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="775" data-original-width="1188" height="416" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZnRkRh7Efvm0Ddw1kmpSZAZ5N6i4MfT0Q3gA3Svn_78SDt-3HDwIPt_j4e01ZFdFVAJAnsvWYSPcTJel8GtaIwPHPN_erdNIs2KQxadf5DGVKxrwGc5TPSH5nZ-GiZ9AOIAZT1qSPQWiB/s640/2018-08-15+16_53_24-Microsoft+Excel+-+ForexFactory2PL9.xlsm.png" width="640" /></a></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMLXOkYCe-biqHTbEJTupdtX1mPXjwvsNW9rQgB_OhcCKYNOBA2f_60vhdtMqTYZXOxXZbYj-3JMFy9gFw8XOlW4uUF26jHn5f5MOV81F26NU_DJW3A37qk92_ZnQ3imEVv-HTgMweKGGF/s1600/2018-08-15+16_53_37-Microsoft+Excel+-+ForexFactory2PL9.xlsm.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="773" data-original-width="1187" height="416" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMLXOkYCe-biqHTbEJTupdtX1mPXjwvsNW9rQgB_OhcCKYNOBA2f_60vhdtMqTYZXOxXZbYj-3JMFy9gFw8XOlW4uUF26jHn5f5MOV81F26NU_DJW3A37qk92_ZnQ3imEVv-HTgMweKGGF/s640/2018-08-15+16_53_37-Microsoft+Excel+-+ForexFactory2PL9.xlsm.png" width="640" /></a></div>
<i style="background-color: white; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: 13.2px;">Compiled from from the respective www.forexfactory.com data.</i>Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-11924689172481013642018-08-15T16:49:00.000+02:002018-08-17T15:10:02.552+02:00Inflation is ticking up everywhere<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_cvHA-YIAXlYQasZTDRTEsZ6Rlj_K67HvsoW6e9rvIaBhkNf3ekcyuD5duxgXwCIgjBKxBmPpQB_5LHt7KWQ7WvjBcro5PnXlIo5UK1wFVghyphenhyphenBYSZoCT5ZdtRnLrUuocdTZ1tR2yHY_3u/s1600/2018-08-15+16_45_21-Microsoft+Excel+-+ForexFactory2PL9.xlsm.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="774" data-original-width="1187" height="416" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_cvHA-YIAXlYQasZTDRTEsZ6Rlj_K67HvsoW6e9rvIaBhkNf3ekcyuD5duxgXwCIgjBKxBmPpQB_5LHt7KWQ7WvjBcro5PnXlIo5UK1wFVghyphenhyphenBYSZoCT5ZdtRnLrUuocdTZ1tR2yHY_3u/s640/2018-08-15+16_45_21-Microsoft+Excel+-+ForexFactory2PL9.xlsm.png" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><i>Compiled from from the respective www.forexfactory.com data.</i></span>Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-10274062708298057232018-08-15T09:07:00.000+02:002018-08-16T07:22:43.652+02:00Minor USD correction in the morning<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">There is minor USD bounce back after the nice run again during the Asian session. I look for price action at S/R or even before given the strength of the trend.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZQ4DWp_zJYRodJRw9PS4mzGb9aT8huAgH4WU4q3_BeT67wM28XAUCMf_qzlLtYy6JfIeVO-QE1DmnMxywO6Goq_w9vHZ_bn_dixZqY7FlVOur-8_EUfL_s2KzCqnUGibTlISM5HdWMc78/s1600/2018-08-15+09_01_04-GBP.USD%2540IDEALPRO+-+Midpoint+-+08_10-08_15+hourly+bars.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="628" data-original-width="1600" height="250" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZQ4DWp_zJYRodJRw9PS4mzGb9aT8huAgH4WU4q3_BeT67wM28XAUCMf_qzlLtYy6JfIeVO-QE1DmnMxywO6Goq_w9vHZ_bn_dixZqY7FlVOur-8_EUfL_s2KzCqnUGibTlISM5HdWMc78/s640/2018-08-15+09_01_04-GBP.USD%2540IDEALPRO+-+Midpoint+-+08_10-08_15+hourly+bars.png" width="640" /></a></div>
<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-15966233722373572092018-08-14T09:11:00.001+02:002018-08-14T09:11:41.532+02:00JPY is weakening further<span style="font-family: "arial" , "helvetica" , sans-serif;">It is reported that a lot of Japanese retail investors were hurt in the Turkish crisis. They must have brought most of their money back by now.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span>Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-87186387302627579092018-08-14T09:04:00.001+02:002018-08-14T09:04:41.425+02:00GBP is breaking out from the narrow channel<div class="separator" style="clear: both; text-align: left;">
<span style="font-family: "arial" , "helvetica" , sans-serif;">Should it manage to break out the next resistance is around 1.2850 that would be at the 50_4h SMA.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG-cEVrXOWHojyJNIGQYkzMHi7lBoj4wQlDh1FqkfUA2RadyuSLwoULPHYYvU8txAdsXYLEaDtH4OjC-8uwdapNdQbWJnEZT7aymI64jZy6ztr4H-Lsgpmn1tn27CMdcrUMBdM2YVAs6PA/s1600/2018-08-14+08_54_45-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="456" data-original-width="828" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG-cEVrXOWHojyJNIGQYkzMHi7lBoj4wQlDh1FqkfUA2RadyuSLwoULPHYYvU8txAdsXYLEaDtH4OjC-8uwdapNdQbWJnEZT7aymI64jZy6ztr4H-Lsgpmn1tn27CMdcrUMBdM2YVAs6PA/s640/2018-08-14+08_54_45-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">EUR is struggling even to touch the resistance. </span></div>
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Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-78132925418020857002018-08-13T20:21:00.002+02:002018-08-13T20:22:18.315+02:00EUR exhibits potential reversal pattern <div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Meanwhile SP500 is bouncing back from the same support which is in a broader context became very important.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">GBP AND AUD are at multiple S/T bottoms.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">CAD similar to EUR</span><br />
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Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-34210955067355283972018-08-13T17:42:00.002+02:002018-08-13T17:43:40.203+02:00Corrections in some FX pairs are bumping into S/T resistance<div class="separator" style="clear: both; text-align: center;">
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Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-8754911841917939792018-08-13T10:49:00.003+02:002018-08-13T10:49:50.563+02:00SP500 is trying to bounce from S/T support<div class="separator" style="clear: both; text-align: center;">
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<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-8376159478546646012018-08-13T10:41:00.002+02:002018-08-13T20:46:15.976+02:00Gold is trying to break key support 5th time<div class="separator" style="clear: both; text-align: center;">
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<br />Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0tag:blogger.com,1999:blog-7326531474872655734.post-7519642279447640592018-08-11T12:14:00.001+02:002018-08-11T14:46:43.378+02:00Week Ahead 33<span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Equities</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">US Equities didn't move too much last week as the TRY collapse wiped out all the gain on Friday. Though, they were trading in a very tight range from Tuesday that was a sign of weakness. I would want to see at least another leg of this correction before considering buying the dip.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">Things look much worse in Europe as DAX dropped more than 2% on Friday. It broke key resistances an completed a H&S pattern. The H&S target coincides with the previous low of 12100. It looks definitely bearish. I would look to sell more at the bounce back if any or it goes further down. The old rule applies: buy US Equities in rallies and sell DAX in the risk off mood. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Bonds</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">It is important to point out how the US2y behaved this moth. We saw dips before the Friday dive so it might be a decent flow to bonds that is not so good for equities.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Commodities</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Trade War victims the agri complex looks to see new lows. It is good for shorts and bad for US farmers who shouldn't blame the traders.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;">Oil is back to the 67.00-70.50 channel after the false breakdown on Wednesday.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitGHlJvnZdtpmoDrRwyR0_rWt2JcZfmz0GSEf-1tXtbXEScKQyR-0vWI-pVyUwBmYm8lDVMlePJUtIgzUosUC53m0qmYy2gUUhW-lOjJZY_26Ri1z5f8lbc0z2C8-yheQIYQ1oT56z_3Fy/s1600/2018-08-11+11_17_12-SaxoTraderGO.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="406" data-original-width="913" height="284" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitGHlJvnZdtpmoDrRwyR0_rWt2JcZfmz0GSEf-1tXtbXEScKQyR-0vWI-pVyUwBmYm8lDVMlePJUtIgzUosUC53m0qmYy2gUUhW-lOjJZY_26Ri1z5f8lbc0z2C8-yheQIYQ1oT56z_3Fy/s640/2018-08-11+11_17_12-SaxoTraderGO.png" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>Gold</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">Gold is still in a tight channel bouncing back from the major long term support level multiple times. It looks sellers time to time pop up as the USD interests are appealing. It is important to point out that Friday was clearly risk off day and the 2y fell sharply and gold could not break out from this range. </span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqnzrEeoG1Qy6YeL7nBEsVoBY6Vlov75fI0mSStZL6whdVwRyF5ncYFkZ5rbVKhbf2HBFTcXLI__SbqsQxDHT9AIjl3_wgP0bGre7jpfrZXP0U8_n79-V5oywGzahOE9YkKwyvfJeYNavl/s1600/2018-08-11+11_23_42-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="456" data-original-width="826" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqnzrEeoG1Qy6YeL7nBEsVoBY6Vlov75fI0mSStZL6whdVwRyF5ncYFkZ5rbVKhbf2HBFTcXLI__SbqsQxDHT9AIjl3_wgP0bGre7jpfrZXP0U8_n79-V5oywGzahOE9YkKwyvfJeYNavl/s640/2018-08-11+11_23_42-All+Interactive+Brokers.png" width="640" /></a></div>
<span style="font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="font-family: "arial" , "helvetica" , sans-serif;"><b>FX</b></span><br />
<span style="font-family: "arial" , "helvetica" , sans-serif;">It seems that nothing can stop the dollar run.</span><br />
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyuuysNtLjJa-zWXDODD_0zJJFUbKIfVOljBsyTZhgXygChb63cUoSR5HTReI6zWErWNFJcZvHqgV85ka_9uT9Ix6Nk22CZf9bL-6M8BlzPNrdMKGW6KkW5vEzbnBwoWR9m4ON_YX4J4-c/s1600/2018-08-11+11_30_40-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="458" data-original-width="832" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjyuuysNtLjJa-zWXDODD_0zJJFUbKIfVOljBsyTZhgXygChb63cUoSR5HTReI6zWErWNFJcZvHqgV85ka_9uT9Ix6Nk22CZf9bL-6M8BlzPNrdMKGW6KkW5vEzbnBwoWR9m4ON_YX4J4-c/s640/2018-08-11+11_30_40-All+Interactive+Brokers.png" width="640" /></a></div>
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<span style="font-family: "arial" , "helvetica" , sans-serif;">JPY and CHF can hold despite the run. It looks that any USD correction or more risk off mood could bring the JPY to the 109 area or even further down.</span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcJr6-T2zY8K73uBR3jIcMPEjWOaqCbvPBGkCap56_k7smmDNXWwncwoS0dDcKU79nZ4bDphhaB7Ht_yCG8XGSkjHPTq1qot5H0F9dZ5XCqHQMtUcmUzzxqMT9DspNHkixxntyUf82dSC7/s1600/2018-08-11+11_35_39-All+Interactive+Brokers.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="457" data-original-width="827" height="352" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgcJr6-T2zY8K73uBR3jIcMPEjWOaqCbvPBGkCap56_k7smmDNXWwncwoS0dDcKU79nZ4bDphhaB7Ht_yCG8XGSkjHPTq1qot5H0F9dZ5XCqHQMtUcmUzzxqMT9DspNHkixxntyUf82dSC7/s640/2018-08-11+11_35_39-All+Interactive+Brokers.png" width="640" /></a></div>
Laszlo Pasztorhttp://www.blogger.com/profile/09900150122671474792noreply@blogger.com0