Best of the Week
Most Popular
1. Ray Dalio: This Debt Cycle Will End Soon - John_Mauldin
2.Stock Market Dow Plunge Following Fake US - China Trade War Truce - Nadeem_Walayat
3.UK House Prices 2019 No Deal BrExit 30% Crash Warning! - Nadeem_Walayat
4.What the Oil Short-sellers and OPEC Don’t Know about Peak Shale - Andrew_Butter
5.Stock Market Crashed While the Yield Curve Inverted - Troy_Bombardia
6.More Late-cycle Signs for the Stock Market and What’s Next - Troy_Bombardia
7.US Economy Will Deteriorate Over Next Half Year. What this Means for Stocks - Troy_Bombardia
8.TICK TOCK, Counting Down to the Next Recession - James_Quinn
9.How Theresa May Put Britain on the Path Towards BrExit Civil War - Nadeem_Walayat
10.This Is the End of Trump’s Economic Sugar High - Patrick_Watson
Last 7 days
Bitcoin Price Wavers - 15th Jan 19
History Shows That “Disruptor Stocks” Will Make You the Most Money in a Bear Market - 15th Jan 19
What Will the Stock Market Do Around Earnings Season - 15th Jan 19
2018-2019 Pop Goes The Debt Bubble - 15th Jan 19
Are Global Stock Markets About To Rally 10 Percent? - 15th Jan 19
Here's something to make you money in 2019 - 15th Jan 19
Theresa May to Lose by Over 200 Votes as Remain MP's Plot Subverting Brexit - 15th Jan 19
Europe is Burning - 14th Jan 19
S&P 500 Bounces Off 2,600, Downward Reversal? - 14th Jan 19
Gold A Rally or a Bull Market? - 14th Jan 19
Gold Stocks, Dollar and Oil Cycle Moves to Profit from in 2019 - 14th Jan 19
How To Profit From The Death Of Las Vegas - 14th Jan 19
Real Reason for Land Rover Crisis is Poor Quality of Build - 14th Jan 19
Stock Market Looking Toppy! - 13th Jan 19
Liquidity, Money Supply, and Insolvency - 13th Jan 19
Top Ten Trends Lead to Gold Price - 13th Jan 19
Silver: A Long Term Perspective - 13th Jan 19
Trump's Impeachment? Watch the Stock Market - 12th Jan 19
Big Silver Move Foreshadowed as Industrial Panic Looms - 12th Jan 19
Gold GDXJ Upside Bests GDX - 12th Jan 19
Devastating Investment Losses Are Coming: What Is Your Advisor Doing About It? - 12th Jan 19
Things to do Before Choosing the Right Credit Card - 12th Jan 19
Japanese Yen Outlook In 2019 - 11th Jan 19
Yield curve suggests that US Recession is near: Trading Setups - 11th Jan 19
How Unrealistic Return Assumptions Are Ruining Your Stocks Portfolio - 10th Jan 19
What’s Next for the US Dollar, Gold, Stocks & Bonds? - 10th Jan 19
America's New Africa Strategy - 10th Jan 19
Gold Mine Production by Country - 10th Jan 19
Gold, Stocks and the Flattening Yield Curve - 10th Jan 19
Silver Price Trend Forecast Target for 2019 - 10th Jan 19
Silver Price Trend Forecast 2019 - 9th Jan 19
Did Strong December Payrolls Push Gold Prices Up? - 8th Jan 19
How to Spot A Tradable Stock Market Top? - 8th Jan 19
Why 90% of Traders Lose - 8th Jan 19
Breadth is Very Strong While Stocks are Surging. What’s Next for Stocks - 8th Jan 19
Half of Investment-Grade Bonds Are Just One Step from Junk Status - 7th Jan 19
Stocks Rallied Again, Still Just an Upward Correction? - 7th Jan 19
Gold Golden Long-Term Opportunity - 7th Jan 19

Market Oracle FREE Newsletter

Bitcoin Analysis and Trend Forecast 2019

Weekly Charts and Update on Equity Markets, FX Trades and Commodities

Stock-Markets / Financial Markets 2018 Dec 03, 2018 - 01:16 PM GMT

By: FXCOT

Stock-Markets

Japan’s Nikkei 225, China’s Shanghai Composite and South Korea’s Kospi stock indexes gained 2.2%, 2% and 1.6%, respectively. The Chinese yuan rose 0.36% to about 6.925 per U.S. dollar. Ahead of the U.S. open, S&P 500 futures also climbed 1.5%. President Trump and Chinese President Xi Jinping approved the deal on Saturday in Buenos Aires. It offers Beijing a reprieve from a planned increase in tariffs, scheduled for Jan. 1, on $200 billion in Chinese goods exports to the U.S. Tariffs were scheduled to rise to 25% from 10%.

We have been long equity markets in Novemeber from 2640 here: Be long S&P Since our trade, the equity markets have rallied over +4% in Novemeber.


Also, Federal Reserve officials signaled plans to raise interest rates next month, but they appeared more uncertain about maintaining a pace of quarterly increases after that, minutes of the central bank’s recent policy meeting show. Almost all participants at the Nov. 7-8 meeting believed another rate increase “was likely to be warranted fairly soon if incoming information on the labor market and inflation was in line with or stronger than their current expectations,” said the minutes, released Thursday. The next Fed meeting is Dec. 18-19. Officials, however, discussed changing their postmeeting policy statement to emphasize their flexibility to respond to fresh economic developments as they weigh their rate moves next year. Officials voted at the meeting to hold steady their benchmark federal-funds rate in a range between 2% and 2.25%.

We believe US economy is slowing dramatically and it will manifest next year. Equity markets will top out next year and then its long downhill journey. Our trade copier meanwhile has been doing brilliantly for its clients. Any client can join our system and make returns just like below. Email us at teamcot@fxcot.com

A preview of our november performance

The trade copier has been super smooth in November. It has already clocked +19.34%. The system has made over 100% return every year since 2010. Hence 2018 is not any different. This year too it is in line to close the account with over +100% return.

The system operates on EURUSD, USDJPY, GBPUSD.

The SPX is forming a nice topping formation which will see it test 2600 and 2900 multple times before a big break below. We see the index breaking down below 2500 as the final confirmation of bear market. As of now we see a few months of topping behavior.

AUDUSD Weekly

The AUDUSD weekly charts show a confirmation of our bias to long AUDUSD. We have been long AUDUSD since 7250. Current prices are at 7360 which is a superlative return of over 5%. We believe AUDUSD could be one of the sta performers of 2019 as the pair could head back to 8000 levels once again.

USDCAD Weekly

Similarly USDCAD has come against a strong resistance at 1.3300. We see a good probablity of a retracement back to 1.29. Above 1.3350, we see upside to 1.35..

NZDUSD Weekly

NZDUSD weekly shows a lot of catchup to its resistance at 7240 and then the bigger resistance at 7600. We see both these leves being achieved before any more downside. The downside is well protected at 6600. Great trade in our view.

GOLD: Looking well supported

Commitment of Traders Reports for AUDUSD, EURUSD, USDJPY and GBPUSD

AUDUSD weekly COT reports show oversold AUDUSD conditions. The OI is showing no new positions. The pair index shows that AUDUSD

The EURUSD COT REPORTS are showing commercials expect more downside in EUR. New commercials long have entered the market which suggest that they are expecting EUR to weaken. As AUDUSD is expected to strengthen, EURAUD will be a good trade to play eur weakness.

Commercials are pairing their long positions in GBP which means they expect GBP to strengthen or consolidate at current levels. It seems they do not expect major downside in GBP and hence the reducing OI.

The COT on USDJPY shows good Commercial buying of yen. They buy yen when they expect yen to weaken as they always are hedgers. We see good posibility of some upside in USDJPY given the positioning. But the changes need to be monitored next week.

Fxcot.com is a trading and investment management firm, so our advice is more tuned to help you position for investing. We run one of the best forex trading programs making over 100% return every single year since 2010. If you are interested, please fill the form here: Contact us. You can simply email us at teamcot@fxcot.com.

Our trading system is explained here: FXCOT Trading system

Teamcot

FXCOT is Investment Management firm specializing in futures and forex trading. We run a high return trading system for our premier clients. The trading systems uses four different strategies to take advantage of various market conditions. We also send daily trade setups and economic commentary.

© 2018 Copyright FXCOT - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules