The plan's stated goals include creating more than a million jobs, more than doubling the Palestinian GDP, and cutting the poverty rate by 50%. It also aims to bring down the unemployment from 31% down to single digits, and to increase Palestinian exports as a percentage of GDP from 17% to 40%.

attacks exchanged between Houthi's in Yemen and Saudi Arabia.
Houthi's have claimed they've attacked Aramco again and an airport and some other targets inside Saudi Arabia.
I think these back and forth attacks and the Saudis wanting to control the price of oil with more cuts if push comes to shove, it might end up overpowering the fears of low demand for oil from china (And the world due to spread of coronavirus) even temporarily (a correction to 57.75)

for now, the 49-52 price range in #WTIcrude will remain a decent support area for bullish bias.

for the bearish bias, the 55-56 area is a decent supply zone if you have a bearish bias towards the future of oil prices.

The CME observer says:

The odds of a one-time cut in the Federal Reserve interest rate this year (In September) Again strengthened to 36.1%!

Tonight, the financial markets are looking for clues as to whether the Feds consistent purchases of US Treasury bonds will continue or not.

And, of course, they look forward to tonight's reaction from the FOMC Federal Reserve Committee to:

Corona virus spread in China and worldwide
The beginning of brexit
And the efficiency of the #phaseone of trade agreement with China

BREAKING: Footage of Tanker on fire off the coast of the Emirate if Sharjah, UAE has surfaced online.

#BREAKING
Initial reports of a crash landing of an IAF helicopter in Ma’ale Amos settlement in southern #WestBank
#Israel

When Xi Jinping sneezes in international conference
#coronavirus

(just a silly joke to lighten the WW3 mood 😅)

by the way, regardless of what happens with the middle east and coronavirus, I highly suggest investing in Bitcoins and Ethereum. I ran the numbers a couple of times and an investment at around $8K price in bitcoin can potentially give the investor something between %94 to %135 profit in less than 2 years!

just to be clear, this is an investment advice not trading advice. (meaning actually buying bitcoins and keeping in personal wallet, instead of going long in the market!)

Number of Coronavirus patients in China raised to 7158 cases!

___

Peter Navarro (White House Business Advisor):
"Even if the spread of the Corona virus hurts China's economic growth, tariffs will remain in place!"

Asian markets crashing hard as the number of patients climbed to 7900 cases!

If you have a subscription on my signal service bot (@Linorth_bot) and your subscription has ran out, no need to worry about it. Since I havent shared enough signals your subscription will be renewed for free until I share my trade management guide and then I will add the inactive days to everyone's subscriotion and we continue it again.

the news from coronavirus patients from china will be announced soon. everyone expect a huge number.

fears of it affecting oil demand will be driving the price of oil down and probably we will see a gap down when market opens.
Saudis want to meet on Feb 4th and 5th to discuss further cuts as a mean to control the fall in the price. but we have to wait and see how much the market reacts to their decision IF they decide on more cuts, otherwise the selling power will increase and traders will short oil harder.

the chinese are limiting selling orders on their market to control the panic selling of people and they are effectively continuing the currency war efforts by injecting more cash into their markets.

everyone seem to be on damage control mode against the coronavirus effect!

Warning of potential volatility:

4-7 February

The following are this week's economic events expected to affect the markets of some of the most widely traded currencies.



Tuesday, 4 February

05:30: AUD – RBA Cash Rate
23:45: NZD – HLFS Unemployment Rate
23:45: NZD – Labour Cost Index

  

Wednesday, 5 February

15:15: USD – ADP Nonfarm Employment Change
15:30: CAD – Trade Balance

 

Thursday, 6 February

02:30: AUD – Trade Balance G&S

  

Friday, 7 February

09:00: EUR – German Trade Balance
15:30: CAD – Unemployment Rate
15:30: USD – Non-Farm Payrolls
15:30: USD – Unemployment Rate

  
All times are GMT+2.

This is a warning of potentially significant price movements and not an encouragement to trade them.
Caution: liquidity often gets thinner and spreads widen during economic news

Sorry for not being active, I was busy with gathering my documents and papers for my application for Estonian E-residency, which if I get it, I will use it to start a Fintech company in Europe.

Thanks to the support of my followers I could manage to put together a 3 person team (including me) to mix my own experience as a retail and professional trader and their knowledge in machine learning and deep learning.
I'm planning on blogging about our progress as we move forward and run different tests and try out different algorithms, so if you are interested in those subjects you can follow along with us.

I can't thank you all enough for sticking with me throughout this crazy ride.

Hello everyone,

We noticed the bot had a problem which caused some members to get stuck in limbo not being able to finish their registration, but we have fixed the bug now and I have added 1 month free access to everyone's account. I will soon share my trade management guide with you from here and in that guide I will explain completely how the signal service works and how you should use signals and analysis I post here in your own trading.

Thank you all for the support.

If you haven't joined the bot yet, you can do it now by clicking here —-> @Linorth_bot
I will add 1 month for free to accounts joining till next monday.


Thank you all for the support.

Just sharing it here since many people have asked the same question about the bot.


Also, I will start sending analysis and signals on the bot and channel this weekend (analysis of market will be a youtube video which I will share the link of it here in the channel, and the signals will be posted via the bot along with my free guide on trade management)

I have created a space in Quora (https://www.quora.com/q/ydwqrsxqaxjgiuaq)
I'm going to use it for sharing interesting articles on the web or Quora answers related to the topic of the space and also I will do my own blogging there on mixing trading and AI and the journey of developing a highly sophisticated trading robot.

if you have a Quora account, feel free to follow the space, and if you have a cool article related to trading and AI, you can request to become a contributor too.

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