Giuseppe Basile, CSTA/IFTA
FibStalker Trading
Summary
I will offer irrefutable proof that the Canadian and Australian Housing Markets are in a bubble that could start deflating or burst at any moment. How the bubble developed and why housing is not and investment will be assessed. Canada and Australia are not different and what will happen, who will get hurt (badly) and what to do will also be discussed. Opportunity lies in different investment classes like stocks (after a necessary correction) and are available at all times, when you learn the “evergreen”Forex trading. Get a 10% off & extra bonuses for the FibStalker Methods Coaching Program, only on FXStreet!Latest Live Videos
Editors’ Picks
EUR/USD extends slide toward 1.1800 on renewed USD strength
EUR/USD extends its daily slide and trades at a fresh weekly low below 1.1850 in the second half of the day on Tuesday. Renewed US Dollar strength, combined with a softer risk tone keep the pair undermined alongside downbeat German ZEW sentiment readings for February.
GBP/USD falls below 1.3550, pressured by weak UK jobs report
GBP/USD remains under heavy bearish pressure and falls toward 1.3500 on Tuesday. The UK employment data highlighted worsening labor market conditions, bolstering bets for a BoE interest rate cut next month and making it difficult for Pound Sterling to stay resilient against its peers.
Gold recovers modestly, stays deep in red below $4,950
Gold (XAU/USD) stages a rebound but remains deep in negative territory below $4,950 after touching its weakest level in over a week near $4,850 earlier in the day. Renewed US Dollar strength makes it difficult for XAU/USD to gather recovery momentum despite the risk-averse market atmosphere.
Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand
The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.
UK jobs market weakens, bolstering rate cut hopes
In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months.
Here is what you need to know on Tuesday, February 17:
Safe-haven flows dominate the action in financial markets early Tuesday as trading conditions normalize following the US holiday. The economic calendar will feature ZEW sentiment figures from Germany, the weekly ADP Employment Change 4-week Average data from the US and January inflation report from Canada.