Market Analyst
@IGcom
. EX - GS, CBA, BNP & MACQ. Views & opinions are my own, & not those of IG. Losses can exceed deposits, 75% of retail clients lose money.
#CrudeOil
smoked o/n to its lowest price in 15 mths at $65.65, a fall that was in line with our bearish view.
A rebound back above $75.00 is needed to provide evidence of stabilisation.
#OOTT
#COMMODITIES
Right crew that’s it from me in 2021. Time to get a little R&R and some family time under the belt. Have a Safe and Happy festive period and Best Wishes for 2022.
#midnorthcoast
#xmas
TECHFX TRADERS eBook
Core FX Trading Skills Survival Manual
Is now available for FREE download here
I hope you find this guide useful & that some of the ideas it contains might become part of your own trading foundations
#FX
#FOREX
#TRADING
#LEARNING
@Trader_Dante
When I first started working on the prop room at GS in Sydney I asked one of the senior stock traders hoe he made his $$ he said “all I do is draw lines on a chart and if I’m right I make money.” Sound advice
#BTC
#BITCOIN
3 wks ago we wrote here
"The decline from 12473 has unfolded in 3 waves & there are tentative signs that a base is forming 10,000 area" Confirmed on "A sustained break... > 11200"
Close now
@alphahub
@SmartContracter
@NuggetsNewsAU
Was pleased to see the recoveries that both
#gold
and
#silver
made on Friday night, despite the rise in
#yields
. Too early to say the link is broken but promising signs that higher
#yields
wont automatically lead to lower
#gold
and
#silve
going forward.
#BTC
traded above 7400 a few moments ago.
We remain core long, and having had a closer look at the log Weekly Chart below, I have removed our final TP for the time being.
What do u think
@smartContracter
?
#BITCOIN
#TECHFX
RBA RATE CUTS in 2024 priced for the first time.
Following yesterday's dovish
#RBA
on-hold decision & today's subpar Q3
#GDP
print, a significant shift has occurred in RBA pricing for 2024.
The rates market sees the RBA's peak terminal rate at 4.35%. There is now a 50% chance
#Copper
futures +3.10% overnight to their highest in more than seven months after top Chinese copper smelters agreed to reduce production at unprofitable facilities due to raw material shortages.
It should help $BHP after it closed yesterday below $42.00 for the first time in
Not sure how many tennis dads have been able to walk their daughter to a tennis tournament and then to be able to fish for a
#barra
under the city bridge. If so
#rockhampton
is a great place to visit.
Flew down to Melbourne to watch my daughter and her partner (in black) yesterday attempt to become the first pair to defend a National 16U doubles title.
Not to be as they lost in a super tie break. Congratulations to the girls in the winning team.
If anyone is thinking about selling this bounce in risk assets this mng - worth keeping in mind the
#SP500
has been up 14 out of 15 Mondays since July the 3rd.
#SPX
#STOCKS
Six years ago when holidays used to be based around surf trips, rather than tennis tennis trips. Boards are packed so maybe can squeeze both in on this one.
Keep an eye on
#Nikkei
and
#USDJPY
here folks,
The Nikkei, which has been at the vanguard of global equity upside moment in 2024, has reversed lower following the release of stronger-than-expected Japanese wages data.
The strong Japanese wage data increase the likelihood that
#Ironore
-6% o/n to close at $122.60 p/t below critical support $130/125 area and ~50% below its high of $240 p/t in May!!
China is⬇️steel output to reduce carbon emissions at a time Brazil is⬆️supply. Under these influences, further falls towards $100 p/t likely
#BHP
#RIO
#FMG
Lots of tweets about
#China
PMI falling to a record low. When I worked in FX sales I used to get torn a fresh one by PMs at hedge funds including
@ALBAcapmgmt
if I didn’t think before posting headlines. Most factories in China were closed for a chunk of this period. No surprise
Chart from GS - Simple Average of 20 global PMIs....can’t disagree appears to be bottoming and bar for a recovery bounce is set very low.
#fx
#forex
#markets
#techfx
Unplugged from markets this week. Good luck all. I’ll be on the side of a tennis court in the Capital watching the daughter, but not before a quick stroll around the Lake.
#Canberra
#unplugged
#tennis
A magic day on Friday for the
@IGAus
2023 Premium client boat cruise.
Lovely to chat with clients and to enjoy the sites of Sydney Harbour from the water.
#Markets
#Trading
#USDJPY
update;
GS estimating there has now been around USD25bio traded on EBS today, much larger than a daily average of USD7-8bio on a typical day.
#FX
#FOREX
All the glamour 😂😂of the Women's Pro Tennis Tour.
Grass courts, umpires, live streams and 36 degrees in Mildura.
The daughter won her final round qualifying match 12/10 in the Match Tie Breaker and is now through to her first main draw Women's event tomorrow.
If it wasn't
A cracking month to finish the year with trades in
#gold
,
#silver
,
#audnzd
&
#audusd
.
After 3 YEARS of blood sweat & tears
*The TECHFX Master A/C is ~+32% VS the ASX Accumulation index of +18%
*Our drawdown is -3% vs XAOA of -36%.
Thanks
@jsoh17
for help with the numbers.
Bitcoin is trading at $66,311, on track for a second week of falls undercut by a surging
#USD
helping it to work off overbought readings.
Techwise we continue to think
#BTC
's correction from the $73,794 high is likely complete or close to completion, and expect to see new highs
Spot
#ironore
fell just over 6% overnight for a 2nd consecutive day, to $135.
Reflecting this
#BHP
closed 1% lower in the U.S and is trading more than 10% below last week's $50.62 high.
AS of yesterday's close
#Rio
is ~17% below last week's $128.55 high
#commodities
#China