Major Market Volatility and USDCAD Higher
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we discuss the market conditions and the lack of clear direction. In particular, we look at major market volatility and USDCAD higher. These market conditions do not really surprise us in any way due to…
Traders Piling onto Gold Next
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we notice traders piling onto Gold next as a potential market to exploit. It has been a particularly explosive and volatile day in the markets yesterday. Fears are being played out due to ongoing…
Potential Oil Strength Before OPEC
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we have taken more of a fundamental look at a specific trading opportunity. Therefore, we look at potential oil strength before OPEC. Regarding the Oil markets, over the course of the weekend, the Saudis…
XAUUSD at a Crossroads
XAUUSD at a Crossroads G20’s final statement and the US-China trade agreements moved up the stock markets worldwide. Along, the Dollar weakened and Gold jumped up. Gold started a correction starting on mid-April when an ounce of gold cost $1,364.4 at its peak. The correction ended in August with a bottom at $1,160.37. Since then…
Powell’s Speech Is Good for US Equities
In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, the consensus is that Powell’s speech is good for US Equities. Powell’s speech on Wednesday was perceived as being largely dovish by the markets. Therefore, there is a strong expectation that the Fed will continue…