Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Buk

week 2

Recommended Posts

markets are traded via an assortment of differing agenda’s…..long, medium & short term players contribute to the daily flow & liquidity which ensures opportunities present themselves according to the structures & objectives of said participants………

 

it’s often daunting for newcomers to the markets to determine which style or timeframe best suits their execution mode…..however, the vast majority of non-commercial traders tend to veer towards a dominant technical bias…….

 

whether one is looking to clip regular 20-50 pip raids from the ball park, or gun for the larger 200-300 pip moves, a basic awareness of the generic landscape is often helpful to best plan a suitable course of action – or to put it simply: construct their trade plan!

 

I like to look at the trading map from a top-down approach…my main point of reference revolves around the use of Fibs, Pivots & perceived zones of longer range s&r levels…..I say perceived, because the market doesn’t really give a jot what I see…...these common area’s of reference are observed by a good majority of participants from each camp, therefore they’re the best I’ve got in order to lay down a base platform for the forthcoming session…

 

whatever you use (providing it offers you an edge), it’s important to remain faithful to the plan-rules…that way, as conditions change & the market evolves from trend to range etc, you’re better prepared to alter course without too much stress or financial loss……….

 

i’ve found thru experience, the larger range technical zones tend to react more favorably as price approaches..…Whether I’m observing a 5 or 30m frame for a particular entry or trigger, the journey & reaction of the larger monthly/weekly/daily bars have a greater affect on the impending direction than their smaller timeframe cousins…………

 

therefore, I like to see where & when these longer range lines are coming into focus……we know that the big round numbers (00’s & to a lesser degree the 50’s) & the accompanying levels slightly beyond them (stop & profit zones) carry heavy psychological significance, for a multitude of reasons……..we also know that once a confluence of events surround these levels (be they Fib clusters/pivot lines/wave axis/channel boundaries etc) the emotive attraction is intensified…….

 

these key levels form the backbone of my analysis & execution planning…….of course, nothing works all the time & I’m sure as hell not going to beat the market to the plate on every occasion – but my priority is to seek value & reduce risk as often as possible………

 

time has also taught me that whatever technical model you choose to adopt, the emphasis on simplicity & common sense will bear the ripest fruits……..complication leads to indecision…..or paralysis!!

 

once the larger levels are constructed & mapped, they offer a guide to the smaller trigger frames…..and my favored patterns & price bar formations can then be observed as price gravitates to these key lines……….

 

it’s by no means a guaranteed atm receipt, but it affords me a workable template from which to construct my core strategies, dependant upon the current price environment (trend/range/consolidation)…………….

 

to that end, Fridays closing level has earmarked a couple of lower & higher zones of interest which I’ll certainly be alert to observing as price decides where it’s intentions lie……….

 

apologies for the ‘war & peace’ commentary……..I promise, future posts will be infinitely more succinct!!

 

attachment.php?attachmentid=429&stc=1&d=1168083851

 

the 60m focuses Cable upside resistance zones, which show the relevant markers from the bigger frames.......I'll attach the intraday pivots to the 60m & sub hourlies to guage price bar formations as they come into view around the important s&r levels...........

 

attachment.php?attachmentid=430&stc=1&d=1168083833

tech10.gif.1ac2889f5a53be6cd4c869e5a6bfb567.gif

tech11.gif.f7eb32d372b7a0da1bea0bbdd44a770d.gif

Share this post


Link to post
Share on other sites

Thank you Buk for your extremely informative post. I do share similar methods of developing a trading plan based on key price levels. I have a question regarding your methods on identifying trend from consolidation.

 

To determine if the current market is in trend or range, do you use a daily chart as your timeframe? What methods do you use to identify trend from range? I personally use Market Profile and higher/lower value placements. Thanks in advance.

 

Soultrader

Share this post


Link to post
Share on other sites
I have a question regarding your methods on identifying trend from consolidation.

 

To determine if the current market is in trend or range, do you use a daily chart as your timeframe? What methods do you use to identify trend from range?

 

Soultrader

 

I'll try explaining by hauling up a few examples James.......

 

I use timeframe blending (4hr-1hr-15m) as my core method of determining the current state of play......the 4hr is my base template which houses the relevant & pertinent info from the larger timeframe charts (main pivots/fibs etc)........

 

the 60 & 15m frames are my zoomed in observation references for triggering & managing the initial entry & eventual exit..........

 

I was reared on simple bar & pressure observation.....the ROUND NUMBERS are key (for me) in highlighting potential exhaustion-reversal behaviour in confluence with the BAR information they display at these levels........

 

rather archaic I know, given all the new age bells & whistles available nowadays - but I'm a firm believer in the old adage: "if it aint broke, don't meddle with it".......I might have to spend an hour or two more than other folks at the workstation, but there ya go....life's a bitch :)

 

this methodology combined with my stake-sizing & trade management structure (scaling out-compounding back), fits well with the psychology & behaviour traits of the instruments I trade.........

 

I suffer a bit when price flips from trend to consol/range behaviour (on these timeframes), mainly attempting to climb aboard the b/o etc.....but once it makes a run for it & I can get aboard at a fair value entry, it generally plays out ok...........

 

i'll stick up the 4hr examples first (taken from back in Sept/Oct) to give you an idea.......& the 60m observations on the next post..........

 

hope they help shine some light on my train of thought ;)

 

 

attachment.php?attachmentid=431&stc=1&d=1168100906

 

attachment.php?attachmentid=432&stc=1&d=1168100908

 

attachment.php?attachmentid=433&stc=1&d=1168100908

examp5.gif.03f29290b95a7674fca8cae45eaadedb.gif

examp6.gif.0b3db7fa878b47cf08a240b9101d8f2b.gif

examp7.gif.c2115441d738d61f4b2df25f90120bb3.gif

Share this post


Link to post
Share on other sites

Thank you for the clear explanation and charts Buk. I am also amazed at the power of the 00 psychological levels even with the futures market. The Dow especially respects these levels almost always. One pattern I like to trade around these 00 levels is a violation by a few ticks. For example, when the Dow violates the 00 by 5-7 ticks and then pushes back above the 00 level I like to establish longs for intraday trades.

 

Regarding your exit points, do you usually scale out of your positions? You mentioned the use of pivots and fibs in your methodology. Do you also use fibs and pivots for exit targets? Do you think if a trader enters a trade based on a certain indicator (whether it is pivots, fibs, indicator signals, etc...) that his exit should also be based on the same indicator?

Share this post


Link to post
Share on other sites

I think any trade candidate hauling decent liquidity behind it will react to, & offer good opportunities at the major round numbers James.....the consistant bar prints mirroring the activity which occurs around these levels render them worthy of special note.......I'm not at all surprised you index guy's find them attractive too!

 

yes, I like to scale out wherever possible.....the prime objective for most of my initial (intraday) entries is to test the intent of price activity away from a key level....especially if that level offers the prospect of re-engaging a dominant trend after a possible? pullback shunt........

 

I like to reduce risk on a potential swing entry as quickly as possible to either give my stops breathing room (if I've had reason to tuck them farther away than normal), or cover costs.......it means I can then leave my stops where they are to properly test the genuine intent without being lulled into trailing too close on the first shunt away from a level..........

 

once/if price tells me it's looking to trot, I'll begin trailing to an appropriate hourly or 240m line.

 

I certainly use the Fibs/pivots as guides for profit pares & compounding opportunities for sure........obviously, as with entries, they're merely guides.....it's the candle prints & where they form which carry the prime importance........I love doji's which form around hourly+ pivot-fib lines!!.....particularly if they print at a new high/low.....fantastic 'fade' opp's, if only for a quick 20-50 pips :cool:

 

should price then further retreat to our favored 78.6 & show the slightest signs of weakness, we're all over it like a rash LOL.........

 

regards your final question: hmmmm.......I can only speak for what I do, and I'm a big fan of STRUCTURE....especially if that structure is proven to work - for me, Fibs/pivots in conjunction with common bar formations work!....so yeah, I'm happy enough to enter/pare out/exit based on my entry criteria.........

Share this post


Link to post
Share on other sites

Traders, give this a good read and take it to heart. Buk and Texxas know exactly what they're talking about. I know these two from a couple of other boards and through their tutelage my trading has improved greatly.

 

What Buk says about keeping it simple using tried and true methods, though not whiz bang exciting, is the way to go. Torero, from what I've seen in his postings, uses much the same tried and true TA.

 

Add to all of what Buk has said, a huge heap of patience to wait for setups that beg to be taken.

Share this post


Link to post
Share on other sites
Traders, give this a good read and take it to heart. Buk and Texxas know exactly what they're talking about. I know these two from a couple of other boards and through their tutelage my trading has improved greatly.

 

What Buk says about keeping it simple using tried and true methods, though not whiz bang exciting, is the way to go. Torero, from what I've seen in his postings, uses much the same tried and true TA.

 

Add to all of what Buk has said, a huge heap of patience to wait for setups that beg to be taken.

 

I definitely agree pipMonster. It's been a real pleasure to have Buk and Texxas on board. A ton of market wisdom and experience is reflected in all their posts.

 

I also believe in the K.I.S.S. method. I also used to be apply fibs into my analysis but I have taken them off completely. I started using what makes sense to me and fibs are a little bit vodoo to me. ;) I still do keep the 50% and 61.8% retracement areas in mind since price trends to bounce of these areas. Trading is simple but it sure aint easy. :)

Share this post


Link to post
Share on other sites
I also used to be apply fibs into my analysis but I have taken them off completely. I started using what makes sense to me and fibs are a little bit vodoo to me. ;)

 

careful James!!......I'll wave me "doji stick" atcha & render your next few trades impotent :eek:

 

attachment.php?attachmentid=438&stc=1&d=1168157902

 

 

seriously though, folks will tend to develop & progress if they're fortunate enough to find one or two templates which fit not only their personal 'comfort zone' but also harmonize with the markets they intend trading.........

 

there are many ways to skin the market cat, the hardest part is finding the implement in which to attempt to skin it........

 

the most important factor when getting to work on that implement (strategy combo), is to devise it around the safety net of RISK management........too often folks focus on "how much can they make or win" from their strategies or systems, instead of concentrating their priorities on protecting the capital/trade executions thru sound risk & money management.......

 

you can engineer a fantastic win/loss ratio strategy & test it to the hilt etc........but if the basic risk structure is weak & the sizing/management is suspect, you're pissing against the wind..........

5aa70dbe75f26_fibman.gif.7cbb2578a2e8dbfecfe31d81e142bfb4.gif

Share this post


Link to post
Share on other sites

you can engineer a fantastic win/loss ratio strategy & test it to the hilt etc........but if the basic risk structure is weak & the sizing/management is suspect, you're pissing against the wind..........

 

Amen to that. Risk before profits. I trading mentality is very similar to my poker mentality. When you're not sure if you can win the hand, let go. As long Im still holding chips, I can comeback:

 

1. Preservation of capital is number one

2. Looks are deceiving. Pocket queen's may actually be beat preflop. Even the best looking trading setups will have to pass at times.

3. The worst thing that can happen is to catch something on the flop with a mediocre hand. In other words, making profits with lucky mediocre setups will get me in a bad habit and hurt me in the long run.

4. Who cares if my opponent bluffs and wins a pot. Im not trying to prove him anything. In trading... divorce my ego. Trade to make money and not to be right.

5. "If you can't spot the sucker in the first 30 minutes.... you are the sucker". Have a professional mindset. Dont be the sheep. What would I do if I was a big shot floor trader? What price levels will I look at? etc...

 

Just some rules and guidelines I live by. :)

Share this post


Link to post
Share on other sites

I don't play the game myself, but as with trading, the psychological strengths obviously assist with game plays.

 

Not sure if you've come across this book James (available thru Amazon), but a couple of our friends/fellow traders have waxed lyrical about it's content.

 

Again, very similar rules & approaches in both persuits.

 

attachment.php?attachmentid=443&stc=1&d=1168267740

zenpok.gif.8b471e3339458186427e983c48e3523c.gif

Share this post


Link to post
Share on other sites

Ive heard good things about that book. Might have to check it out. As for poker books... I have never read a single poker book. But been playing ever since I was in middle school.

 

Thanks for the recommendation Texxas.

Share this post


Link to post
Share on other sites

watched events earlier as London kicked in, but nothing setting up so got on with other tasks.....came back 30mins ago to find price had bounced off one of our favored triggers.........

 

the early Tokyo activity ambled down to sniff Fridays low zone before kicking up & spent the best part of today bobbing around the main pivot.......to be honest, I expected price to merely shuffle around aimlessly today digesting (consolidating) the NFP data.......ah well, never mind....plent of juice left in the week ahead..........

 

hope everyone else's week has gotten off to a successful start!

 

ps: Dr Who......any question or comments, please feel free to post away - if I or Anna (Texxas) can answer, we will.............

 

15m highlighting the pertinent markers..............

 

attachment.php?attachmentid=444&stc=1&d=1168274146

 

5m focusing the usual entry/stop zone on these types of entry...........

 

attachment.php?attachmentid=445&stc=1&d=1168274193

tech12.gif.50d7316d82495ded596ab6227636de9e.gif

tech13.gif.ef1263f07591cacf253d3f02e8bb9dbd.gif

Share this post


Link to post
Share on other sites
.....came back 30mins ago to find price had bounced off one of our favored triggers.........

 

......to be honest, I expected price to merely shuffle around aimlessly today digesting (consolidating) the NFP data.......ah well, never mind....plent of juice left in the week ahead..........

 

 

attachment.php?attachmentid=446&stc=1&d=1168283378

 

 

When you're done staring at that wall for the next 5hrs, write on the blackboard: "I shall not watch the ATP Tour Events when I should be sat at my workstation" 150 times! :D

dunce.gif.3bcf007c4446583d967eca892a2e3bc2.gif

Share this post


Link to post
Share on other sites

The move up off that intraday 78.6 trigger has not only stalled out at your 618 Fib extension target Buk, but also lost it's wind at the hourly lower high swing, which by chance is the 78.6 on this trend move.

 

Need to watch this axis into the London activity tomorrow. 9430-60 is near term upside. We got a long range 38.2 Fib + the Weekly Pivot lurking at c9435-60. No doubt they'll be a clutch of $ long stops mixed in there abouts.

 

No T.V Tennis for you tomorrow!

 

attachment.php?attachmentid=447&stc=1&d=1168291729

gbp48.gif.ef6a7b991d935152218858f8007b9ce3.gif

Share this post


Link to post
Share on other sites

I hear ya............

 

couple charts highlighting Anna's above comments..........we're at a bit of a fulcrum around this current level..........

 

$ Bulls looking to reinforce this lower top above the aforementioned fib-pivot resistance zone, which is bound to house trailing stops from the recent leg up on the buck.......Bears seeking some lift above the 61.8% support line & double daily bar rejection...........

 

Tokyo is back in full flow tonite after their holiday nap, & we have to wait until Wednesday for the main Data focus of the week, starting with the Stateside Trade Balance numbers...........

 

think I'll play this from the intraday slant until we get a confirmation of who holds the aces at this level.....see what Tokyo can do with it into the London Open

 

 

intraday chart...........

 

attachment.php?attachmentid=450&stc=1&d=1168293366

 

daily frame................

 

attachment.php?attachmentid=451&stc=1&d=1168293409

tech14.gif.8af4bfbc717ed6e8da8c6cc00987cebb.gif

tech15.gif.f16901149702b887bd4d344afe731c54.gif

Share this post


Link to post
Share on other sites

 

 

When you're done staring at that wall for the next 5hrs, write on the blackboard: "I shall not watch the ATP Tour Events when I should be sat at my workstation" 150 times! :D

 

I still sense a feeling of sibling rivalry? :0) A very nice team you both build! I took a long tonight with a small tight stop. I'm looking for 9440 as target (38.2% retracement).

 

FOREXPLANE-GBPUSD-240-MIN-AUTO-LONG-9377.gif

Share this post


Link to post
Share on other sites
I still sense a feeling of sibling rivalry? :0) A very nice team you both build!

 

 

:D It's merely our quirky sense of humor torero.

 

We work/trade for the common cause! You oughta witness some of the banter he receives from the rest of our brood - being the lone male amongst a gaggle of fillies, he holds up pretty good LOL.

 

Nice entry there by the way. Very clean shunt off late NY settlement price, which is also the 23.6% of this recent leg down off 9750.

 

We're now approaching the 'decision line' back towards the recent range penetration, which houses the 38.2 @ 9445.

Share this post


Link to post
Share on other sites

ditto........that's a cool trade there torero!!.........think I might just switch trade camps & haul my ass across to the sunny shores of Spain!!!!

 

couple of upside confluences to aim for should the flows be kind to the Cable Bulls today.....

 

 

attachment.php?attachmentid=454&stc=1&d=1168325813

 

attachment.php?attachmentid=455&stc=1&d=1168325844

tech16.gif.99ce1b5de8f4e3dd2be8bdf098f5777b.gif

tech17.gif.5206937e6f7f1960adf5dfba49fe8486.gif

Share this post


Link to post
Share on other sites

Thanks but to be honest, I didn't take this trade based on my discretionary rule, it was from a trading system I had just launch to trade in realtime. It hasn't signalled to exit just yet. But I see some resistance in this area. I'll stay with the trade since it generated it.

 

FOREXPLANE-GBPUSD-240-MIN-AT-WEEKLY-PIVOT.gif

Share this post


Link to post
Share on other sites

Good morning, all!

 

I decided to take a dip on the short side at 9440, given the proximity of price to the fibs and the still dominant downtrend, as well as what appears to be some fairly stiff $ demand near this fib - which became particularly evident after the 15-minute inverted hammer that tagged the 38% fib.

 

BTW, beautiful analysis, as always, Buk and Texxas!

Share this post


Link to post
Share on other sites

Ya, pretty much a nailed on fade up there cowpip. Your 15min bar confirmed via the 5min doji with 1min confirm thru that 440 - decent low stress quickie.

 

Looks like they're absorbing the interest up here at the dual confluence. Yesterdays high being a fairly decent marker, back towards the overnight consolidation which triggered torero's entry.

Share this post


Link to post
Share on other sites

I guess your short was just a fader cowpip?

 

Not wishing to influence anyone's trade(s) at all, as we all 'play em as we see em' - Buk's a buyer (of Cable) in small pockets on moves back to this short support line (410-15) this morning.

 

Looking to test the resistance from below at this level.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock watch, local support and resistance areas at 838.12 and 880.5 at https://stockconsultant.com/?NFLX
    • Hello citizens of the U.S. The hundred year trade war has leaked over into a trading war. Your equity holdings are under attack by huge sovereign funds shorting relentlessly... running basically the opposite of  PPT operations.  As an American you are blessed to be totally responsible for your own assets - the govt won’t and can’t take care of you, your lame ass whuss ‘retail’ fund managers go catatonic  and can't / won’t help you, etc etc.... If you’re going to hold your positions, it’s on you to hedge your holdings.   Don’t blame Trump, don’t blame the system, don’t even blame the ‘enemies’ - ie don’t blame period.  Just occupy the freedom and responsibility you have and act.  The only mistake ‘Trump’ made so far was not to warn you more explicitly and remind you of your options to hedge weeks ago.   FWIW when Trump got elected... I also failed to explicitly remind you... just sayin’
    • Date: 7th April 2025.   Asian Markets Plunge as US-China Trade War Escalates; Wall Street Futures Signal Further Turmoil.   Global financial markets extended last week’s massive sell-off as tensions between the US and its major trading partners deepened, rattling investors and prompting sharp declines across equities, commodities, and currencies. The fallout from President Trump’s sweeping new tariff measures continued to spread, raising fears of a full-blown trade war and economic recession.   Asian stock markets plunged on Monday, extending a global market rout fueled by rising tensions between the US and China. The latest wave of aggressive tariffs and retaliatory measures has unnerved investors worldwide, triggering sharp sell-offs across the Asia-Pacific region.   Asian equities led the global rout on Monday, with dramatic losses seen across the region. Japan’s Nikkei 225 index tumbled more than 8% shortly after the open, while the broader Topix fell over 6.5%, recovering only slightly from steeper losses. In mainland China, the Shanghai Composite sank 6.7%, and the blue-chip CSI300 dropped 7.5% as markets reopened following a public holiday. Hong Kong’s Hang Seng Index opened more than 9% lower, reflecting deep concerns about escalating trade tensions.           South Korea’s Kospi dropped 4.8%, triggering a circuit breaker designed to curb panic selling. Taiwan’s Taiex index collapsed by nearly 10%, with major tech exporters like TSMC and Foxconn hitting circuit breaker limits after each fell close to 10%. Meanwhile, Australia’s ASX 200 shed as much as 6.3%, and New Zealand’s NZX 50 lost over 3.5%.   Despite the escalation, Beijing has adopted a measured tone. Chinese officials urged investors not to panic and assured markets that the country has the tools to mitigate economic shocks. At the same time, they left the door open for renewed trade talks, though no specific timeline has been set.   US Stock Futures Plunge Ahead of Monday Open   US stock futures pointed to another brutal day on Wall Street. Futures tied to the S&P 500 dropped over 3%, Nasdaq futures sank 4%, and Dow Jones futures lost 2.5%—equivalent to nearly 1,000 points. The Nasdaq Composite officially entered a bear market on Friday, down more than 20% from its recent highs, while the S&P 500 is nearing bear territory. The Dow closed last week in correction. Oil prices followed suit, with WTI crude dropping over 4% to $59.49 per barrel—its lowest since April 2021.   Wall Street closed last week in disarray, erasing more than $5 trillion in value amid fears of an all-out trade war. The Nasdaq Composite officially entered a bear market on Friday, sinking more than 20% from its recent peak. The S&P 500 is approaching bear territory, and the Dow Jones Industrial Average has slipped firmly into correction territory.   German Banks Hit Hard Amid Escalating Trade Tensions   German banking stocks were among the worst hit in Europe. Shares of Commerzbank and Deutsche Bank plunged between 9.5% and 10.3% during early Frankfurt trading, compounding Friday’s steep losses. Fears over a global trade war and looming recession are severely impacting the financial sector, particularly export-driven economies like Germany.   Eurozone Growth at Risk   Eurozone officials are bracing for economic fallout, with Greek central bank governor Yannis Stournaras warning that Trump’s tariff policy could reduce eurozone GDP by up to 1%. The EU is preparing retaliatory tariffs on $28 billion worth of American goods—ranging from steel and aluminium to consumer products like dental floss and luxury jewellery.   Starting Wednesday, the US is expected to impose 25% tariffs on key EU exports, with Brussels ready to respond with its own 20% levies on nearly all remaining American imports.   UK Faces £22 Billion Economic Blow   In the UK, fresh research from KPMG revealed that the British economy could shrink by £21.6 billion by 2027 due to US-imposed tariffs. The analysis points to a 0.8% dip in economic output over the next two years, undermining Chancellor Rachel Reeves’ growth agenda. The report also warned of additional fiscal pressure that may lead to future tax increases and public spending cuts.   Wall Street Braces for Recession   Goldman Sachs revised its US recession probability to 45% within the next year, citing tighter financial conditions and rising policy uncertainty. This marks a sharp jump from the 35% risk estimated just last month—and more than double January’s 20% projection. J.P. Morgan issued a bleaker outlook, now forecasting a 60% chance of recession both in the US and globally.   Global Leaders Respond as Trade Tensions Deepen   The dramatic market sell-off was triggered by China’s sweeping retaliation to a new round of US tariffs, which included a 34% levy on all American imports. Beijing’s state-run People’s Daily released a defiant statement, asserting that China has the tools and resilience to withstand economic pressure from Washington. ‘We’ve built up experience after years of trade conflict and are prepared with a full arsenal of countermeasures,’ it stated.   Around the world, policymakers are responding to the growing threat of a trade-led economic slowdown. Japanese Prime Minister Shigeru Ishiba announced plans to appeal directly to Washington and push for tariff relief, following the US administration’s decision to impose a blanket 24% tariff on Japanese imports. He aims to visit the US soon to present Japan’s case as a fair trade partner.   In Taiwan, President Lai Ching-te said his administration would work closely with Washington to remove trade barriers and increase purchases of American goods in an effort to reduce the bilateral trade deficit. The island's defence ministry has also submitted a new list of US military procurements to highlight its strategic partnership.   Economists and strategists are warning of deeper economic consequences. Ronald Temple, chief market strategist at Lazard, said the scale and speed of these tariffs could result in far more severe damage than previously anticipated. ‘This isn’t just a bilateral conflict anymore — more countries are likely to respond in the coming weeks,’ he noted.   Analysts at Barclays cautioned that smaller Asian economies, such as Singapore and South Korea, may face challenges in negotiating with Washington and are already adjusting their economic growth forecasts downward in response to the unfolding trade crisis.           Oil Prices Sink on Demand Concerns   Crude oil continued its sharp slide on Monday, driven by recession fears and weakened global demand. Brent fell 3.9% to $63.04 a barrel, while WTI plunged over 4% to $59.49—both benchmarks marking weekly losses exceeding 10%. Analysts say inflationary pressures and slowing economic activity may drag demand down, even though energy imports were excluded from the latest round of tariffs.   Vandana Hari of Vanda Insights noted, ‘The market is struggling to find a bottom. Until there’s a clear signal from Trump that calms recession fears, crude prices will remain under pressure.’   OPEC+ Adds Further Pressure with Output Hike   Bearish sentiment intensified after OPEC+ announced it would boost production by 411,000 barrels per day in May, far surpassing the expected 135,000 bpd. The alliance called on overproducing nations to submit compensation plans by April 15. Analysts fear this surprise move could undo years of supply discipline and weigh further on already fragile oil markets.   Global political risks also flared over the weekend. Iran rejected US proposals for direct nuclear negotiations and warned of potential military action. Meanwhile, Russia claimed fresh territorial gains in Ukraine’s Sumy region and ramped up attacks on surrounding areas—further darkening the outlook for markets.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock watch, good buying (+313%) toi hold onto the 173.32 support area at https://stockconsultant.com/?AMZN
    • META stock watch, local support and resistance areas at 507.48, 557.84 at https://stockconsultant.com/?META
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.