unofficial exchange rate of stock indices:
#DOWJONES : 28693 (-250 pip)🔻
#DAX GER30 : 13395 (-122 pip)🔻
#FTSE : 7492 (-61 pip)🔻
there is a possibility of Gold, JPY and CHF to gap higher when the market opens, and a gap down for oil.
The fall of price in oil is due to coronavirus and the fear of its effect on china and the world's economy and in turn, its effect on lowering the demand for oil.
until we get more positive news on the outbreak (a cure or a vaccine for it) we might witness more selling pressure on oil.
Gold, JPY and CHF will still get stronger but the peace deal trump is planning to announce this week for middle east could curb the run up in gold to some extent. but still, since the feds are continuing with QE till the end of February, USD will still get weaker as a result and that will push gold and other safe haven currencies up more.
#DOWJONES : 28693 (-250 pip)🔻
#DAX GER30 : 13395 (-122 pip)🔻
#FTSE : 7492 (-61 pip)🔻
there is a possibility of Gold, JPY and CHF to gap higher when the market opens, and a gap down for oil.
The fall of price in oil is due to coronavirus and the fear of its effect on china and the world's economy and in turn, its effect on lowering the demand for oil.
until we get more positive news on the outbreak (a cure or a vaccine for it) we might witness more selling pressure on oil.
Gold, JPY and CHF will still get stronger but the peace deal trump is planning to announce this week for middle east could curb the run up in gold to some extent. but still, since the feds are continuing with QE till the end of February, USD will still get weaker as a result and that will push gold and other safe haven currencies up more.
Who is ready for the new week?
pre-opening rate of stock indexes:
#DOWJONES : 28845 (-145🔻)
#DAX GER30 : 13475 (-73🔻)
#FTSE : 7366 (+4🔷)
#USDJPY : 111.38 (-20🔻)
there is a possibility of Gold opening with a positive gap.
The main event we need to lookout for this week, is US consumer confidence report and the market's reaction to the spread of coronavirus outside of china.
Italy and my home country, Iran, are fighting the rapid spread of the disease at the moment. its a lot worse here due to the total incompetence of our government and the fact that they cover up everything and refuse to share real stats on the spread of corona. they also refuse to quarantine any of the cities so I'm pretty sure the situation in here is going to reach human crisis levels (not due to the deadliness of the disease, as it has a %2 death rate, but due to lack of proper medical care in most cities)
I'm hoping I won't get it, but considering the virus got to my city a week ago and the government prevented the reports of it coming out so it doesn't mess with their annual celebration of coming to power in Iran, chances are pretty high that I might be already infected and in my 2 week period before symptoms start to show themselves😅
the thing is, regardless of the death rate, the fact that this virus is spreading this fast, means it will without a doubt affect the world economy in a much bigger scale than previously imagined, so we might see oil prices falling again and forcing OPEC+ to really step in with all its power to control the oil market.
gold prices are also going to raise more due to the spread of virus globally and the fears of it becoming a pandemic + its effect on world economy.
anyways, I'm going to watch the price action once the market opens and during the Asian session and I will start sending out signals via the bot (@Linorth_bot) tomorrow before the london open.
I've decided to post pure analysis charts here on the channel, and only keep signals (charts with stop and target levels) on the bot alone. so if you are not really interested in taking my signals, you can still follow this channel for getting the analysis alone and mixing it with your viewpoint and trade based on your own method.
Stay safe out there
pre-opening rate of stock indexes:
#DOWJONES : 28845 (-145🔻)
#DAX GER30 : 13475 (-73🔻)
#FTSE : 7366 (+4🔷)
#USDJPY : 111.38 (-20🔻)
there is a possibility of Gold opening with a positive gap.
The main event we need to lookout for this week, is US consumer confidence report and the market's reaction to the spread of coronavirus outside of china.
Italy and my home country, Iran, are fighting the rapid spread of the disease at the moment. its a lot worse here due to the total incompetence of our government and the fact that they cover up everything and refuse to share real stats on the spread of corona. they also refuse to quarantine any of the cities so I'm pretty sure the situation in here is going to reach human crisis levels (not due to the deadliness of the disease, as it has a %2 death rate, but due to lack of proper medical care in most cities)
I'm hoping I won't get it, but considering the virus got to my city a week ago and the government prevented the reports of it coming out so it doesn't mess with their annual celebration of coming to power in Iran, chances are pretty high that I might be already infected and in my 2 week period before symptoms start to show themselves😅
the thing is, regardless of the death rate, the fact that this virus is spreading this fast, means it will without a doubt affect the world economy in a much bigger scale than previously imagined, so we might see oil prices falling again and forcing OPEC+ to really step in with all its power to control the oil market.
gold prices are also going to raise more due to the spread of virus globally and the fears of it becoming a pandemic + its effect on world economy.
anyways, I'm going to watch the price action once the market opens and during the Asian session and I will start sending out signals via the bot (@Linorth_bot) tomorrow before the london open.
I've decided to post pure analysis charts here on the channel, and only keep signals (charts with stop and target levels) on the bot alone. so if you are not really interested in taking my signals, you can still follow this channel for getting the analysis alone and mixing it with your viewpoint and trade based on your own method.
Stay safe out there
With trump suggesting retail companies like Amazon and Apple to close down their shops due to covid19 spreading in US, dow jones index is likely to open with a big gap down (-1170 pips)
Oil and USD likely to gap down while Gold and other currencies likely to gap up when market opens.
#DOWJONES 🇺🇸: 21870 (-1170 pip)
#DAX GER30 🇩🇪: 9225 (-325 pip)
#FTSE 🇬🇧 : 5315 (-335 pip)
Oil and USD likely to gap down while Gold and other currencies likely to gap up when market opens.
#DOWJONES 🇺🇸: 21870 (-1170 pip)
#DAX GER30 🇩🇪: 9225 (-325 pip)
#FTSE 🇬🇧 : 5315 (-335 pip)