GBP/USD and EUR/USD

This happens because US Trade Balance deficit with China is already swell High.

At the Beginning, the prices of imported from China is Cheap (as supported by the Low Worker's wage)
For many years Products from China flooded into US. Make it US Deficit increasingly bloated.

The US government can't restrain it.
This is because Market's Demand ...

yeh I hear ya it’s just comparative advantage. Imposing loads of tariffs will hurt Americans more than leaving things as is

China Hits Back on Trump Tariffs as Europe Off Hook for Now


March 22, 2018, 11:15 PM GMT+7 Updated on March 23, 2018, 6:15 PM GMT+7

1. China says it plans tariffs up to 25% on imports of U.S. goods
2. European Union, others, exempted from metals tariffs to May 1

The trade conflict between China and the U.S. escalated, with Beijing announcing its first retaliation against metals levies hours after President Donald Trump outlined fresh tariffs on $50 billion of Chinese imports and pledged there’s more on the way.

On Friday, China unveiled tariffs on $3 billion of U.S. imports in response to steel and aluminum duties ordered by Trump earlier this month. The White House then declared a temporary exemption for the European Union and other nations on those levies, making the focus on China clear. Though Beijing’s actions so far are seen by analysts as measured, there may be more to come.

Equity indexes from Tokyo to Frankfurt tumbled with European equities falling to the lowest in more than a year. U.S. stock futures dropped, signaling a further retreat for the S&P 500 Index after it fell 2.5 percent, on risks a further escalation in trade tensions will undermine an unusual phase of synchronized global economic growth.



INFO : Bloomberg

Dow drops more than 400 points into correction, posts worst week since Jan. 2016

1. The major averages posted their biggest weekly loss since January 2016.
2. The Dow and S&P 500 dropped 5.7 percent and 5.9 percent this week, respectively, while the Nasdaq pulled back 6.5 percent.
3. "The market has been priced for perfection ... and that leaves the market vulnerable to surprises. In this case, it's trade," notes one strategist.

Fred Imbert | Thomas Franck | Sam Meredith
Published 22 Hours Ago Updated 11 Hours Ago


Stocks fell sharply on Friday, adding to their steep weekly losses, as investors assessed the possibility of a trade war brewing between the U.S. and China.
The Dow Jones industrial average dropped 424.69 points to close at 23,533.20 — its lowest level since November — with DowDuPont as the worst-performing stock. The 30-stock index also closed in correction, down 11.6 percent from its 52-week high.

The S&P 500 declined 2.1 percent to 2,588.26, with financials pulling back 3 percent. It also closed just outside correction territory. The Nasdaq composite fell 2.4 percent to 6,992.67. The indexes, along with the Dow, had traded higher earlier in the session.



INFO : CNBC

MARCH 23, 2018 / 7:00 PM / UPDATED 9 HOURS AGO

Wall Street nosedives as investors flee on trade war fears

Sinéad Carew


NEW YORK (Reuters) - Wall Street tumbled on Friday with more than 1,000 points knocked off the Dow in two days as investors, increasingly nervous about a potential U.S. trade war with China, shied away from risk ahead of the weekend and sought shelter from further losses.

In a volatile session, the S&P 500 came within a hair of its 200-day moving average, a key technical level. The benchmark index also nudged closer to its February low, which marked a correction, ending 9.9 percent lower than its Jan. 26 record.

“There is concern what the trade war could look like. Investors want to manage their risk. If it escalates rapidly, it could be a major headwind for the market,” said Peter Kenny, senior market strategist at Global Markets Advisory Group, in New York.



Source : Reuters

GBp/USD is going to give a great opportunity for going short if today's BOE rate does not change. as you can see in the h1 time frame there is a huge confusion in the market 30 minutes before the release. If that happens the 1.3080 can be the stop loss and 1.2970 the take profit.

Good, thank you for a awesome indicator. I download and install it but the RSI line is not show it only shows the dots ( red and yellow ) must I change a setting. Looking to hear from you.

GBP/USD once again is preparing itself to give a good opportunity for taking short as yesterday's hawkish statement has already declined the cross and today's UK services turned out to be disappointing we can expect the rate to touch the 1.29 level or even lower depending on the US job performance.

Opened trading

does anyone think this trade will reach the 1.31500 mark anytime soon?

trend on gbpusd at the moment is down

but if you're lucky it could pull back and retrace maybe till 1.3150

however i personally would be looking for shorts on gbpusd at this tme

thanks mate.

Though all trades closed last week including swing yet as price close below sr in higher tf price posing strong down without or less correction only , target price at 61.8% fib 1.1870 to sr next 1.1778. anyway if can here then eu ,nzdusd & even audusd though apparently forming hammer up , only eu short kept small at be to see . Take care , fontu

It is apparent from the chart that the price has declined sharply and is out of Bollinger band range. It is expected that the price consolidate in this area for couple of days to become prepared for further movement. from the technical perspective, i expect the next move towards 1.1280 as we have 161.8 Fibo expansion of wave 1 and also a weekly resistance there. Moving to this level is not out of access considering that the RSI is not even in the oversold zone yet. On the other hand, bears dominance is completely obvious in all time frames. However, from the fundamental point of view, i believe that this trade war is much more serious than it seems and is able to plunge the price easily towards 1.06 area. Although i shorted NZD/USD instead because fundamentally i can have a far better understanding of New Zealand's economy than Europe with all the countries within it, i believe that these two will move together against USD however sharper movements can be expected from NZD considering the fact that it is a significantly smaller economy than EUR.

today's china's data released and guess what! CHINA IS DOING BAD
doesn't matter if the US economy is doing bad either or not, money will go to them because it's the safe haven.

good news for the US. i opened short on this and also has put some other sell limits as well. EUR/USD will go down, this is a classic example of divergence between two economies. from technical perspective also all kind of bearish signals can be seen as i have named some of them in my posts. we may see some pullbacks and consolidations on the way but this is how the market works, and of course i wish that happens to open more of my sell limits.

EUR/USD h4 closed well above the 1.1368 resistance and news are on the EUR side, like hopes on melioration the trade war and Qatar helping out Turkey. This way it goes it can easily move upward to reach the next resistance at 1.1430. I am still short on this pair but i closed my positions with loss and waiting for a better situation to go short again. I know that i have been emphasising on this pair that has to go down , but in my defence, trading and analysing are two different things also in forex, market is so fast and the conditions can change in a matter of seconds. so it doesn't mean i made a mistake.

Hi! There was a lot of regular bullish divergence on the 15th of August and might yield better results possibly reaching 1.1450. I believe consolidation has to happen in the 1.1300 - 1.1450 area before making further attempts at crossing 1.1200 which is close to a 61.8 Fibo retracement on the weekly chart. Link to chart.

sell gbp/usd for 60 pips as you can see the chart bellow.

My new home!!!!