150+ pips in 24 hours on USD/CAD, will 1.3100 hold?...
Before
Why should you follow us on Tradingview?
-Premium author on TradingView
-6+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-No junk on my charts
-Frequent updates
-Covering FX/ Commodities
-24/7 uptime so constant updates
USD/CAD 1H: SHORT IT! SHORT/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: USD/CAD 1H/candle chart review
::: distribution in range now
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS
US ELECTION: Newsquawk's Cheat Sheet for Traders
Polls have Joe Biden ahead, as do betting markets, although the race has tightened in recent days. FiveThirtyEight’s model assigns an 87% probability that Biden wins the Presidency, Democrats are favoured to win the Senate, and Democrats are clearly favoured to win the House. The picture is muddied in betting markets, which see a much closer race (albeit, still tilting towards a Biden win).
The dynamic of the election has been changed by the surge in early and mail-in voting, and many of these early voters are expected to be Democrats; however, there are idiosyncrasies in the ways that states count mailed in votes, and accordingly, it is unlikely that the race will be declared on the day or the next day, as is traditionally the case.
On the night, some of the key races – like Florida and Pennsylvania – may be used to infer the outcome; but some still warn of a possibility that the Republican performance is better on election day, but as votes are counted, the Democrats could make a comeback.
For traders, the key assets to watch are the divergence in the performance of the RUB (expected to rally if Trump is judged to be winning) and the CNY (expected to rally if Biden is judged to be winning), and the shape of the Treasury curve (sharp steepening will be associated with a Biden win).
If there is any threat of the results being delayed beyond a couple of days, Treasuries could rally on haven demand.
Why should you follow us on Tradingview?
-Premium author on TradingView
-6+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-No junk on my charts
-Frequent updates
-Covering FX/ Commodities
-24/7 uptime so constant updates
USD/CAD 1H: SHORT IT! SHORT/HOLD(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: USD/CAD 1H/candle chart review
::: distribution in range now
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BEARS
US ELECTION: Newsquawk's Cheat Sheet for Traders
Polls have Joe Biden ahead, as do betting markets, although the race has tightened in recent days. FiveThirtyEight’s model assigns an 87% probability that Biden wins the Presidency, Democrats are favoured to win the Senate, and Democrats are clearly favoured to win the House. The picture is muddied in betting markets, which see a much closer race (albeit, still tilting towards a Biden win).
The dynamic of the election has been changed by the surge in early and mail-in voting, and many of these early voters are expected to be Democrats; however, there are idiosyncrasies in the ways that states count mailed in votes, and accordingly, it is unlikely that the race will be declared on the day or the next day, as is traditionally the case.
On the night, some of the key races – like Florida and Pennsylvania – may be used to infer the outcome; but some still warn of a possibility that the Republican performance is better on election day, but as votes are counted, the Democrats could make a comeback.
For traders, the key assets to watch are the divergence in the performance of the RUB (expected to rally if Trump is judged to be winning) and the CNY (expected to rally if Biden is judged to be winning), and the shape of the Treasury curve (sharp steepening will be associated with a Biden win).
If there is any threat of the results being delayed beyond a couple of days, Treasuries could rally on haven demand.
