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.

optiontimer

Trend & Momentum - Indicators of Choice II

Which indicator should I use to determine long-term trend for my trading system?  

106 members have voted

  1. 1. Which indicator should I use to determine long-term trend for my trading system?

    • Single Moving Average
      23
    • Dual Moving Averages (Short MA relative to Long MA)
      46
    • MACD
      13
    • Bollinger Bands
      10
    • Donchian Channel
      5
    • Other (Please post your suggestion to the thread when choosing this option)
      9


Recommended Posts

Thanks OT, for starting this valuable thread. I must have started to build a trading plan at least 5 times but never quite got to a working version. (I guess that sort of demonstrates the lack of discipline that a trading plan would help me address!) For that reason, I'm more than interested to see how yours develops.

I didn't find the thread early enough to vote on the oscillator but would have voted for RSI anyway.

As for what to trade, my vote would go to forex. It just seems so much easier to find trends to trade in the currencies. Unfortunately,many traders only find a trend once it's well established, and then either jump in just before it reverses, or they hesitate, unable to bring themselves to pull the trigger, and watch as this particular trend goes on and on... Hence the need for a solid trading plan that says "in this situation, here's what you do."

Looking forward to the next instalment.

 

Cheers

TC

Share this post


Link to post
Share on other sites
Nice and easy for trend :)

 

As Blowfish said, if it helps you "see it" that's all that matters, but I also agree with Blowfish that it looks like someone dumped a plate of spaghetti on top of your chart. It's good that it works for you, but I hope to keep it simple with this project.

 

Thank you,

 

-OT

Share this post


Link to post
Share on other sites
if its reasonably automated and not too high frequency how about a range of products.

eg; CL, EURUSD, USDJPY, AUDUSD, ES...... some of the currencies will get a bit correlated maybe.

 

If going for just one instrument my vote is EURUSD

 

I would like to see options and keep it a little more simple so everyone can follow along and be able to possibly get a piece for their own trading plan.

 

It may not seem on the face of it that these two suggestions are compatible, but I am leaning toward an arrangement similar to these two suggestions. Again, a main criterion here is to keep it simple.

 

Thank you,

 

-OT

Share this post


Link to post
Share on other sites

This poll closes soon, and it looks like a safe bet that we will be using dual moving averages as our longer term trend indicator for out traderlaboratory.com trading system.

 

As with the specific parameters of the RSI that we selected as out short term momentum indicator, I reserve the right to select the specific moving averages for the system. Having said that, I'm open to suggestions. So ... anyone?

 

Thank you,

 

-OT

Share this post


Link to post
Share on other sites

Perhaps the 21EMA?

21 EMA - it seems to follow the action just below on an uptrend and above on a downtrend.

I use it on the weekly to show me the trend mostly by its angle. Climbing or Falling. If a candle pierces the 21 or the angle changes both are useful.

Share this post


Link to post
Share on other sites
This poll closes soon, and it looks like a safe bet that we will be using dual moving averages as our longer term trend indicator for our traderlaboratory.com trading system.

 

As with the specific parameters of the RSI that we selected as out short term momentum indicator, I reserve the right to select the specific moving averages for the system. Having said that, I'm open to suggestions. So ... anyone?

 

Thank you,

 

-OT

It's not for me to make suggestions, OT, because whatever I have done before has brought me to this point - my cup is empty, and needs filling. Previously that cup has been full - information overload.

 

Is there anything in the belief that different RSI work better for different TF? I have observed that the short period RSI is too "noisy" when used on the higher TF, and the longer period RSI is too slow i the shorter TF.

 

What are your thoughts on that?

 

To be honest I was hoping members would have been a little more adventurous when choosing the indicators we will be using in the poll. Most of us have used the MA crosses unsuccessfully in the past, and my immediate thoughts are that most of us respondents are hoping that someone will confirm to us that there is a way we can stick to old methods and still make this work.

 

These are not my thoughts, tbh. In this exercise I have no preconceptions at all, other than to participate, and learn from someone who does have a clue.

 

I know that you understand how MA crosses can be used to advantage, else you would not have offered it as a choice in your poll.

 

I guess I was hoping that something less popular would get to fly this trip - to sweep away old concepts and ideas, and introduce something different that could be a centre of focus.

 

I have experimented with MA crosses in the past, and I have found that when combined with a trend indicator, the probability of discovering the likely direction that price might follow, is improved - almost reliably sometimes.

Share this post


Link to post
Share on other sites

Ingot - depending on how much trend following is to be done, often it does not matter what your entry system is.....the key to making a trend following system work is running your profits.

A momentum system is slightly different.....you are looking for continuation patterns and taking profits may be a part of taking a chunk out of the move.

Depending on OTs MO then my guess is the real value might be in how he approaches and then how he runs things....regardless of the indicator. I look forward to seeing the process.

 

 

(as an aside....recently I have been experimenting with a brand new indicator, no one seems to have mentioned it much, I use it as an alert more than an entry system - any day that closes above the close yesterday and also closes above the close of two days ago and yesterdays close was less than the close of two days ago....ie; c(0)>c(-1) and c(0)>c(-2) and c(-1)<c(-2)......works a treat - you are almost guranteed to get on a few winners - there maybe 60-70% loosers, but I assure you that it is a great pick of the bottoms! Set your stop 1 atr away, no problems.So long as you run the winners it will make money....and as I am such a nice guy I am giving it away for free.)

Share this post


Link to post
Share on other sites
Ingot - depending on how much trend following is to be done, often it does not matter what your entry system is.....the key to making a trend following system work is running your profits.

 

A momentum system is slightly different.....you are looking for continuation patterns and taking profits may be a part of taking a chunk out of the move.

 

Depending on OTs MO then my guess is the real value might be in how he approaches and then how he runs things....regardless of the indicator. I look forward to seeing the process.

 

(as an aside....recently I have been experimenting with a brand new indicator, no one seems to have mentioned it much, I use it as an alert more than an entry system - any day that closes above the close yesterday and also closes above the close of two days ago and yesterdays close was less than the close of two days ago....ie; c(0)>c(-1) and c(0)>c(-2) and c(-1)<c(-2)......works a treat - you are almost guaranteed to get on a few winners - there maybe 60-70% losers, but I assure you that it is a great pick of the bottoms! Set your stop 1 atr away, no problems.So long as you run the winners it will make money....and as I am such a nice guy I am giving it away for free.)

 

That's an engulfing move that exceeds the past two days' closes, when yesterdays' close was a slight pullback from the day-before's close.

 

Not too hard when you draw the pattern, and yes, an excellent setup I imagine.

 

As you also alluded, Siuya:

...the real value might be in how he approaches and then how he runs things....regardless of the indicator
Yes, this is the nuts-and-bolts part ... the trade management, and I suspect many of us have a piqued interest in this.

Share this post


Link to post
Share on other sites

Ingot 54 said:

 

That's an engulfing move that exceeds the past two days' closes, when yesterdays' close was a slight pullback from the day-before's close.

 

That's the problem with many indicators - they just show you what's already visible on the charts, but they put it into numbers and pretty colored lines so it looks like science rather than just 'an indication'. The result is we give them too much credibility. The more complicated they are, the further they get from price action, and the more scientific and credible they look. An oscillator can tell you it looks like price may be 'oversold' - OK, what does that mean? It means that someone who devised the indicator told everyone that in his opinion some figure like 2 standard deviations from the mean, or variation x between two MAs, gave a good statistical indication that the market was oversold and may retrace. Statistically, that's fair enough. So you bought, and now you're still waiting for the retracement, and the damn thing's still going down, because the indicator is looking back at past price action, and you're trying to use it to predict a future in which the rules have temporarily changed and the 'statistically' probably action will have to wait until conditions return to 'normal'. You could have seen that from the chart and been in doubt as to what to do, but the indicator hit its magic line so you believed it and entered the trade.

 

Of course I'm sure we won't go down that path here, but the above is why I'd prefer to stick with the simplest indicators possible, those most closely related to price, which we can instantly relate to what's actually happening on the chart - e.g. 'I can see that a 2 candle (or whatever) break of this SMA/EMA quite often gives a good exit point on this chart', or similar.

 

Max

Edited by maxr

Share this post


Link to post
Share on other sites
Is there anything in the belief that different RSI work better for different TF? I have observed that the short period RSI is too "noisy" when used on the higher TF, and the longer period RSI is too slow i the shorter TF.

 

What are your thoughts on that?

 

My thoughts on that will become clear as the project progresses.

 

To be honest I was hoping members would have been a little more adventurous when choosing the indicators we will be using in the poll. Most of us have used the MA crosses unsuccessfully in the past, and my immediate thoughts are that most of us respondents are hoping that someone will confirm to us that there is a way we can stick to old methods and still make this work.

 

1) The wording in the poll said nothing about MA crosses. The choice winning choice is "Dual Moving Averages (Short MA relative to Long MA)." This will be used simply to determine the long-term trend. It is not in any way, shape, or form a signal to act upon. The choices I gave in the poll were deliberately "unadventurous," as one of my goals is to keep it simple.

 

2) The particular indicators do not matter at all. That is why I set up the polls. I did not want to be responsible for picking the indicators. I want to put together something that "works" based upon the result of a democratic vote.

 

3) What does matter with respect to the system we will develop here at traderslaboratory.com is the long-term trend and the short term-trend. This is why I had to reserve the for myself the decision as to the specific parameters of the indicators chosen by the forum-at-large.

 

I guess I was hoping that something less popular would get to fly this trip - to sweep away old concepts and ideas, and introduce something different that could be a center of focus.

 

Nothing wrong with the common, the popular, the "old," as in at least one respect, this project is meant to make what is old new again.

 

Thank You,

 

-OT

Share this post


Link to post
Share on other sites
Ingot - depending on how much trend following is to be done, often it does not matter what your entry system is.....the key to making a trend following system work is running your profits.A momentum system is slightly different.....you are looking for continuation patterns and taking profits may be a part of taking a chunk out of the move. Depending on OTs MO then my guess is the real value might be in how he approaches and then how he runs things....regardless of the indicator. I look forward to seeing the process.

 

I am very much in agreement with you SIUYA, and I thank you for your excellent contributions thus far in support of the project. I hope you continue to help us along.

 

As to the trend following/momentum distinction, I would suggest that it might help some here to think of it this way: Liken "trend following" to what is commonly referred to as "position trading," and liken a momentum strategy to what is commonly referred to as "swing trading." I will attempt to develop and demonstrate a system that can be successfuly traded as either. Hence "Trend & Momentum," and the need for both a short term momentum-type indicator and a longer term trend-determining type indicator. But, as you said, "regardless of indicator"...

 

Thank you,

 

-OT

Share this post


Link to post
Share on other sites
That's the problem with many indicators - they just show you what's already visible on the charts...

 

Max, I hear you, and I feel that you and I would agree on most of the important things. I would like, however, to suggest the following - let us, for the purpose of this project, assume that the problem with indicators is not that they show us what is already visible on the charts, and rather consider that the problem is not indicators at all. Let us consider the problem at hand to be "how does one learn to see the visible?" You and I, Max, can look at a naked chart, and we can see the major trend, the minor trend, and quickly determine whether we want to be long, or short, or flat. But how did that happen? How did we come to be so? And how do we help others get there?

 

This project is not about this or that indicator, nor is it meant as a debate between indicators-based traders versus price-action based traders. My purpose here is to discover a means or mechanism that will allow the one succeeding to help the one struggling to see what is already visible on the charts.

 

I hope you continue to help us as we move forward with this project.

 

Thank You,

 

-OT

Share this post


Link to post
Share on other sites
Perhaps the 21EMA?

 

Ok, mrcsidney, since you were the one lone soul to suggest an MA, I'll use it. I'll use the 21 ema as the shorter ema, and I will choose the longer term MA myself.

 

As you are a first time poster here at traderslaboratory.com, please give us some indication (perhaps your second post) that you are indeed following along with us.

 

Thank You,

 

-OT

Share this post


Link to post
Share on other sites

Ok, my fellow traderslaboratorians, we now have the two indicator components of our trading system. We will be using two MA's, one short, one long, to determine the overall trend. As we had one individual respond to my request for MA suggestions, I felt it only right to give it the green light. It is the 21 EMA, and for my purposes, it is a suitable short term MA. I will select the longer MA.

 

We will also be using the RSI as out indicator for determining short term momentum, aka overbought/oversold. I will select the RSI interval.

 

I will post a chart of something this weekend once I have selected the remaining indicator parameters in order to display the indicators we will be using to construct our system. Once I post that chart here, I will ask the moderators to close this thread, and I will start the thread where we will "get down to brass tacks" as they say.

 

Thank You, and Happy Father's Day to all the dads among us!

 

-OT

Share this post


Link to post
Share on other sites

OptionTimer, I'm paying careful attention. This is very timely for me as I have stopped trading and am in the process of reinventing my trading plan. I have started a search for long term indicators to help me to see the major, and intermediate trends. And, thankyou for your help OT.

MrC

Share this post


Link to post
Share on other sites

[quote name=optiontimer;1212211) The wording in the poll said nothing about MA crosses. The choice winning choice is "Dual Moving Averages (Short MA relative to Long MA)." This will be used simply to determine the long-term trend. It is not in any way' date=' shape, or form a signal to act upon. The choices I gave in the poll were deliberately "unadventurous," as one of my goals is to keep it simple.

 

2) The particular indicators do not matter at all. That is why I set up the polls. I did not want to be responsible for picking the indicators. I want to put together something that "works" based upon the result of a democratic vote.

 

3) What does matter with respect to the system we will develop here at traderslaboratory.com is the long-term trend and the short term-trend. This is why I had to reserve the for myself the decision as to the specific parameters of the indicators chosen by the forum-at-large.

 

Nothing wrong with the common, the popular, the "old," as in at least one respect, this project is meant to make what is old new again.

 

Thank You,

 

-OT[/quote]

 

Thank you for clarifying those things OptionTimer.

 

I am keen to follow what you are putting together here.

 

Ingot

Share this post


Link to post
Share on other sites
Ok, my fellow traderslaboratorians, we now have the two indicator components of our trading system...

 

Here is a brief status update on our project:

 

1) The MA's we will be using to determine the overall, aka long-term trend will be the 21EMA (per mrcsidney's suggestion) and the 65 EMA.

 

2) I have a problem with the RSI indicator. I want this system to be very easy, clear, and unambiguous. I have been unable to come up with a consistently responsive and clear parameter using RSI. I will continue to do so, but I am also now considering substituting stochasticRSI for RSI (so we will still be based upon RSI, as the community selected, but we will be using (Yikes!) and indicator of an indicator. This may allow me to achieve the clear unambiguity I am seeking while also, potentially, satisfying the desire of some for a more "exotic" indicator.

 

3) Also, I have yet to decide what will constitute the universe of trading instruments. That will depend, in part, on what charting program I decide to use. I would like to use something that is low-cost, perhaps even free, because in addition to putting together an easy to read system, I also want to demonstrate that you do not need to spend hundreds on data and charting software each month in order to participate in these markets.

 

4) Finally, I have set up a dedicated account at IB to trade for the purpose of our project, and I have transferred 25020.00USD as starting capital. I received a message from IB this weekend that for some reason the account will be permitted for trading on the 27th of June (a week from tomorrow). I am not sure why the delay, but that is fine, as we are nowhere near ready to place out first trade.

 

I hope to have the main logistical details settled by the end of this week, i.e. the specific RSI or stochasticRSI parameter, the instruments we will trade, and the charting software/platform that we will use. At that time, I will post a screen capture of the chart we will be using, and I will ask the moderator to close this thread, so that the project itself may proceed from a "clean slate."

 

For now, we will keep this thread open, and any communication concerning the project can be made here.

 

Thank You,

 

-optiontimer

Share this post


Link to post
Share on other sites
Here is a brief status update on our project:

 

...I have a problem with the RSI indicator. I want this system to be very easy, clear, and unambiguous. I have been unable to come up with a consistently responsive and clear parameter using RSI. I will continue to do so, but I am also now considering substituting stochasticRSI for RSI ....

 

It would be good if the indicator you choose is universally available in (almost) all trading platforms.

 

3) Also, I have yet to decide what will constitute the universe of trading instruments. That will depend, in part, on what charting program I decide to use. I would like to use something that is low-cost, perhaps even free...

 

Ninja Trader is free for simulated trading, even if expensive for real trading - perhaps not absolutely the easiest to set up, but good in many ways, particularly if you would like to use OCO orders or chart trading. Whatever you decide, Puleeeeeeaze, not the dreaded MT4! The problem there is that half of us will be complaining that we have different prices and fills on the same trade, due to the devilish connivings of the brokers.

 

Max

Share this post


Link to post
Share on other sites

I would like to suggest TOS ( ThinkorSwim ). It has great everything. There is education of both the platform and trading in general. They have something called Prodigio which is a powerful automated trading platform that also will do backtesting. There is a free version called PaperMoney that will do for delayed trading on FX, Option on eguity, Futures and FX futures. Some 20 or 30 contracts ( sugar, cocoa, nat. gas, oil, gold, silver, cotton, etc....) Anyway its worth a look see...

have a great day,

Charles

Share this post


Link to post
Share on other sites

I was speaking strictly about a charting, and not atrading platform. I will be trading real dough in an Interactivebrokers account using TWS, so for me the trading platform is settled. Those playing along at home are free to paper trade or trade real dough at the broker of his/her choice.

 

Right now, I have more or less decided to use TC2000 if I decide to trade stocks.stock options, and CSI Data if I decide to trade futures/forex.

 

TC200 is $29.99/month and is available from worden.com with a 14 day free trial.

 

CSI Data's unfair advantage is $36.54/month + $60 one time license, and you can find out more about it at CSI Market Data (Commodity Systems Inc.). They have a "trial offer" that gives you one year of historical data with daily updates for $20.

 

Both also offer a decent discount if you pay up for a year in advance.

 

I subscribe to both. For CSI Data, I pay $500/year for full history.

 

I will be posting screen captures of my own charts in the trading thread once I start it, so no one needs either of these to follow along with what I am doing. Your own charting package is likely fine, so don't run out spending money that could be deposited in your trading account instead.

 

Thank You,

 

-optiontimer

Share this post


Link to post
Share on other sites

When you start the new thread, can you please post a reference to it here just before you close this one, so we get email notification ?

 

Thanks, Max

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.