Yellen is trying to convince trader that there is no hike this year or may be till mid of 2016 oil prices already at lowest level consumer not spending the money as USA usually do housing prices are not picking up against the lowest mortgage rate which makes big part of the GDP of USA and also euro Zone also facing the problem but stocks are not looking back just one way street is this a dangerous sign or Happy go Lucky scene continuous till A BIG BLACK DAY – it is all in the Game so we advice trader to be careful while going long in stocks if they do prefer Nasdaq or place stops.
Wait and watch !!
EURO (11338)
Market is now in no man land we expect further decline but short a bit riskier here wait for corrective bounce above 114+ to go short the Euro Gbp cross at it lowest in past few months so we would go short in BP around 15560+ area
Day trade
Short@11408 stop@11457 tg1t 11258
long@11193 stp@11167 tgt 11308
GOLD (1208)
Gold is going lower we expect 1178—1154 area is the key if it breaks below this area market is going to tank BIG time other wise Bull might take over for a while
Day trade
Short @1228 [email protected] tgt 1198
Long@1174 add 1163 add 1154 [email protected] tgt 1258
ND go short@4518 stop@4538 tgt 4255
Sp Short@2128 stp@2142 tgt 1970 first
HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETIEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK AND NOHYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTANL LOSSES OR TO ADHERE TO A PARTICULAR TRADINGPROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULT
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Editors’ Picks
EUR/USD steady below 1.0800 after US PCE meets expectations
EUR/USD remains depressed below 1.0800 after soft French inflation data, amid minimal volatility and thin liquidity on Good Friday. The pair barely reacted to US PCE inflation data, with the Greenback shedding some pips. Fed Chair Jerome Powell set to speak ahead of the weekly close.
GBP/USD hovers around 1.2620 in dull trading
GBP/USD trades sideways above 1.2600 amid a widespread holiday restraining action across financial markets. Investors took a long weekend ahead of critical United States employment data next week. Fed Chair Powell coming up next.
Gold price sits at all-time highs above $2,230
Gold price holds near a fresh all-time high at $2,236 in thinned trading amid the Easter Holiday. Most major world markets remain closed, although the United States published core PCE inflation, the Federal Reserve’s favorite inflation gauge.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.
Key events in developed markets next week
Next week, the main focus will be inflation and the labour market in the Eurozone. We expect services inflation to be impacted by the easter effect, while the unemployment rate to be unchanged.