Faysal Amin
Mind Vision Traders
Hi fellow
Stock indices --- blood bath as we predicted in our report since 20 feb 2015 ---- no one to blame but just learn the lesson hard way and problem with world 2nd largest economy is a suspicion that things could be much worse than is officially being let on –As the Easy money or free money available to them they blew the Bubble ,The Shanghai index jumped from 2000 to 5000 in one year, not because of Chinese growth, but because of cheap American loans @1-2% pumped into Chinese stock market. What is the use of pumping in millions into a country that utterly ignored its domestic market and may be investing the bond markets and other markets now after the few years they will learn the lesson –policy makers – learn the lesson but smart investor should make a fortune out of it
Wait and Watch!!
Euro 11552
Very short-term outlook: mixed with Bullish bias
Short-term outlook: mixed projected tgt 11794 (if break above 11842 then new high still possible around 12340)
Now market is in recovery mood and could pull back towards 11145 ish on charts
Trade
Short @11794 stp@11848 tgt 11248
Long @==== waiting for entry
Cable 15790
Very short-term outlook: mixed with Bearish bias
Short-term outlook: Mixed
Trade long@-15725 stp@15678 tgt 15977
Short @16177 stp@16247 tgt 15872 (Good till Friday MOC)
GOLD 1147
Very short-term outlook: mixed with bullish bias
Short-term outlook:
The Gold break above 1107 confirm the Bull is in control of the market Trade
Day Trade
Long@1137 stp@1126 tgt 1182
Short @1205 [email protected] tgt 1128 (Valid till Friday Close)
NQ 100
Very short-term outlook: mixed with bearish bias
Short-term outlook: BEARISH
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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EUR/USD gained traction and turned positive on the day above 1.0650. The improvement seen in risk mood following the earlier flight to safety weighs on the US Dollar ahead of the weekend and helps the pair push higher.
GBP/USD recovers toward 1.2450 after UK Retail Sales data
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Gold holds steady at around $2,380 following earlier spike
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US GDP, core PCE and PMIs the next tests for the Dollar. Investors await BoJ for guidance about next rate hike. EU and UK PMIs, as well as Australian CPIs also on tap.