News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • Read this now⬇️ https://t.co/FdPt6fBbYD
  • With #Election2020 around the corner, could stock markets predict the outcome? As of today, the #DowJones and #SP500 averaged: +1.86% a year before the election -1.79% 3 months before the vote Historically, what may this mean for the incumbent/Trump? - https://www.dailyfx.com/forex/fundamental/article/special_report/2020/10/28/SP-500-Dow-Jones-Can-Stock-Markets-Predict-Presidential-Elections.html?CHID=9&QPID=917702&utm_source=Twitter&utm_medium=Dubrovsky&utm_campaign=twr https://t.co/k9jdS7adQJ
  • Poll: Is this break from the Dow, $SPX, global indices, crude oil, carry trade, etc 'the' break in risk trends. In other words, is this start of a productive bear that brings us into official 'bear trend' territory (-20% from highs)?
  • RT @FxWestwater: S&P 500 Price Forecast: Options Traders Hedge Bets as #VIX Soars - via @DailyFX $SPX $VIX https://www.dailyfx.com/forex/market_alert/2020/10/28/SP-500-Price-Forecast-Options-Traders-Hedge-Bets-as-VIX-Soars.html ht…
  • Probably a lot of bulls out there consulting the technical candlesticks books hoping for a bullish belt hold reversal from the $SPX. Key tenant of that 'pattern' is that you shouldn't take the single candle in isolation. https://t.co/T232cOPHkK
  • The Nasdaq 100 is battling soaring covid cases, election uncertainty and earnings season, but lockdowns in Europe likely sparked Wednesday’s decline. Get your #Nasdaq market update from @PeterHanksFX here:https://t.co/U1s6ccvTcI https://t.co/6mKYToiEVg
  • Central Bank of Brazil: CPI trends are being monitored closely - BBG
  • 🇧🇷 Interest Rate Decision Actual: 2% Expected: 2% Previous: 2% https://www.dailyfx.com/economic-calendar#2020-10-28
  • 🇰🇷 Business Confidence (OCT) Actual: 79 Previous: 68 https://www.dailyfx.com/economic-calendar#2020-10-28
  • 🇰🇷 Business Confidence (OCT) Actual: 76 Previous: 68 https://www.dailyfx.com/economic-calendar#2020-10-28
Guest Commentary: MarketVisionTV - Time to Buy Cable as Market Goes Bearish?!

Guest Commentary: MarketVisionTV - Time to Buy Cable as Market Goes Bearish?!

2012-03-06 15:55:00
@EdMatts, MarketVisionTV.com,
Share:
Guest_Commentary_MarketVisionTV_Time_to_Buy_Cable_as_Market_Goes_Bearish_body_gbp603.png, Guest Commentary: MarketVisionTV - Time to Buy Cable as Market Goes Bearish?!

Our view that the rally to 1.5995 was part of a larger corrective consolidation (a B wave high) has increased in probability today with renewed weakness in a clear 5 wave decline from 1.5995. Given the probability of a B wave high, all we need is a 5 wave decline to end a possible C leg and (however unlikely it may seem) a possible correction. So having faded 1.5880 it should now fade the 1.5805 region as it extends to the ideal 1.5730 5=1.618 of 1 target and 1.5705 the C=A.

We are covering shorts now though below 1.58 and using any further weakness to attempt longs against the 1.5640 low for a rally back to and beyond 1.5880.

Failure to sustain this rally or loss of 1.5640 extends the C leg further to 1.5530.

Further Videos and Commentaries are available at www.marketvisiontv.com or @EdMatts on Twitter

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES