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๐จ US CPI data in 4 minutes
โก๏ธ LIVE TRADING SESSION (ONLY IN VIP)
๐ฐ FREE VIP SIGNAL ๐ฏ
SELL NOW ๐ฝ NZD/USD
SL ๐ @: (VIP ONLY)
TP โ
@: (VIP ONLY)
โบ Markets largely moved sideways this week, as traders did not make any major bets in anticipation of the US inflation figures, which will shed light on the interest rate trend. Treasuries and the USD were also largely stable, although yields trimmed their recent gains yesterday, which also supported equities.
โบ Analysts expect disinflation to continue and rent inflation - the largest component of the index - to resume its downward trend after an unexpected acceleration at the start of the year. Although I see distorting factors in the CPI that make it difficult to predict, given the ongoing strength of the US economy, rising wages and strong consumption, as well as higher energy prices and also the upward trend in other commodity prices, I think it is unlikely that disinflation has accelerated.
โบ We sell the NZD/USD here (currently 0.60770 - 0.60800) - an almost three-week high. Improved risk sentiment and higher commodity prices (the NZD is pegged to the AUD, which is commodity sensitive) have supported the pair. We have also seen the markets slightly raise rate cut expectations again. Those very expectations will be put to the test today - and I don't expect the CPI data to boost confidence in a Fed rate cut anytime soon. Especially if core inflation remains at 3.8% or 0.4% M/M, I see temporary headwinds for the pair.
โบ We are working with a relatively tight SL and a wider TP. It is still very difficult to predict the US CPI data.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 1.3 - 1.5 (60% - 80%) when trading NZD/USD
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โโโ
๐ฒ๐๐โ
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๐ฅ Libertex (๐ช๐บ๐)
โ
8.4 - US30 - LONG โ๏ธ (SL - 38988.70)
โ
8.4 - XAU/USD - SHORT โ๏ธ (TP - 2320.26)
โ
8.4 - AMD - LONG โ๏ธ (SL - 170.49)
โด๏ธ 8.4 - TSLA - SHORT โ๏ธ (open - off-profit)
๐ SL ๐ @: 177.06 // TP โ
@: 173.03
โ
8.4 - XAU/USD - LONG โ๏ธ (SL - 2337.87)
โ
8.4 - CVX - LONG โ๏ธ (SL - 161.69) ๐ธ ๐
5/6 - (1 open positions)
โ
9.4 - XAU/USD - SHORT โ๏ธ (TP - 2351.68)
โ 9.4 - US30 - LONG โ๏ธ (SL - 38744.70)
โ
9.4 - JPM - LONG โ๏ธ (TP - 196.77)
โด๏ธโ
9.4 - XAU/USD - LONG โ๏ธ (open - SL in Profit)
๐ SL ๐ @: 2348.67 (or wider) ๐ // TP โ
@: 2355.93 or 2359.87
โ
9.4 - US30 - LONG โ๏ธ (SL - 38744.70)
โ
9.4 - GOOGL - LONG โ๏ธ (SL - 156.33)
5/6 - (1 open position)
Another day with absolute stunning gold trades - especially our short-term SHORT trade. You can tighten the SL a bit further. Besides that we saw a lot of sideways movement - although with a positive NYSE closing - pointing that much of the markets negativity is already priced in. However, we expect rather hot US CPI data tomorrow - putting short-term some pressure on risk assets.
We should have re-bought the dip in energy today but made a nice profit with our CVX overnight.
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
SL ๐ @: 2347.33 (or wider)
TP1 โ
@: 2355.93
TP1 โ
@: 2359.87
I see room to further increase our profits with gold. We widen our TP a bit further.
You can also work with a wider SL & TP. Since I have a smaller re-entry - I set here the smaller position with a lower entry with a wider TP / SL (but SL still in profit). If you want, you can do the same, also for your initial entry or decide to close earlier (TP1).
01 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
02 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
03 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
04 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
05 - โ
06.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
06 - โ
06.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
07 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
08 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
09 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
10 - โ
08.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
11 - โ
08.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
12 - โ
12.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
13 - โ
12.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
14 - โ
14.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
15 - โ
15.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
16 - โ
19.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
17 - โ
20.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
18 - โ
20.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
19 - โ
21.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
20 - โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
21 - โ/โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ (pot. closed in SL)
22 - โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
23 - โ
25.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
24 - โ
26.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
25 - โ
27.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
26 - โ
27.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
27 - โ
28.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
28 - โ
01.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
29 - โ
02.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
30 - โ
03.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
31 - โ
04.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
32 - โ 04.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ (in TP if not tight SL)
33 - โ
04.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
34 - โ
08.04 Gold (XAU/USD)๐ฅ - SHORT โ๏ธ
35 - โ
08.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
36 - โ
09.04 Gold (XAU/USD)๐ฅ - SHORT โ๏ธ
37 - โด๏ธโ
09.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ (SL in Profit)
35/37
โก๏ธ RAPID UPDATE ๐ฐ
Intel (INTC) ๐บ๐ธ
SL ๐ @: 37.84
TP โ
@: 38.89
Tesla (TSLA) ๐บ๐ธ
SL ๐ @: 177.06
TP โ
@: 173.03
Gold continues to hover at the $2,350 level - but will likely soon push through - we keep our tight TP.
We give Intel a bit more room to rise overnight after the former chip leader has unveiled its latest artificial intelligence chip, called Gaudi 3 - with almost too good to be true performance data. More headwinds on Nvidia - potentially massive upside for Intel.
We give Tesla a bit more room but keep our TP.
JPMorgan hit our tight TP.
โก๏ธ RAPID UPDATE ๐ฐ
Alphabet (GOOGL) ๐บ๐ธ
SL ๐ @: 156.33
TP โ
@: 157.47
Intel (INTC) ๐บ๐ธ
SL ๐ @: 37.79
TP โ
@: 38.69
Alphabet remains our mega cash cow. We once again made the perfect dip purchase and now set an in-profit SL.
We are tightening the SL for our Intel position. We set a tight TP. I see significant upside potential for Intel medium-/long-term but we want to close here soon (short-term).
โโโ
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BUY NOW* ๐ผ Alphabet (GOOGL) ๐บ๐ธ
โบ We are buying the "dip" in Alphabet. Dip in "", as we see Alphabet still slightly up, but lower than the initial sharp gains after Google unveiled its in-house Axion chips to cut AI costs and reliance on Nvidia - which led to heavy profit-taking in other chip stocks, especially Nvidia (down almost 4%). GOOGL is trading ~2% below today's highs.
โบ The new chips, called Axion, are CPUs designed to support the giant Google search engine and AI tasks, among other things.
โบ Google will open its annual cloud conference, Cloud Next, next Tuesday - I expect this to be a source of optimism, especially given Alphabet's strong commitment to AI, including hardware. With its (cloud) software, cloud computing, online search + browser + Android and massive online traffic (including YouTube) and now hardware, Alphabet is the only vertically integrated AI company / enabler.
โบ The market still underestimates how dominant Google will be in AI in the coming years. In addition, Google will benefit more than almost any other company from further AI / Big Data integrations that will significantly improve Google's user experience and margins.
โบ We buy here at 155.00 - 155.50* and expect GOOGL to remain very bullish (and outperforming).
โบ We are now also setting a tight SL for Intel (if you are still in the chip company), which continues to disappoint and now faces additional headwinds after Google's chip revelation SL ๐ @: 37.09
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 380 - 410 (38,000% - 41,000%) when trading Alphabet (GOOGL).
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๐ฅ Libertex (๐ช๐บ๐)
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BUY NOW* ๐ผ JPMorgan Chase (JPM) ๐บ๐ธ
โบ We are buying the dip in JPMorgan. The largest US bank fell ~1% ahead of major earnings reports (on Friday), underperforming other bank stocks, financials and Wall Street as a whole.
โบ We now see JPMorgan at $196.25 - $196.50*, where we are getting (back) into JPMorgan, which will (unofficially) open earnings season on Friday. I expect JPMorgan to deliver and an optimistic view that investment banks have done well in a strong equity market, partly because there has been more movement and demand in the capital market in general in the first quarter, as well as improved capital market conditions - despite an outlook of higher interest rates (for longer).
โบ JPMorgan has adapted very well to the conditions on the financial and capital markets in recent quarters and remains the best managed bank.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~300 - 320 (30.000% - 32.000%) and trade JPMorgan Chase (JPM).
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โโโ
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BUY DURING* NYSE OPENING ๐ผ Dow Jones (US30) ๐บ๐ธ
We are seeing very subdued trading activity as traders await further clues from tomorrow's US consumer price data. The current movements on the equity markets are triggered by the development of yields.
๐น Chevron (+0.5%) opens higher, outperforming Wall Street. We found an excellent entry yesterday and can already set a slightly in-profit SL ๐ - 161.32.
๐น Intel (+0.5%) opens higher after more selling yesterday. We remain LONG. We set a TP โ
@: 38.77.
๐น Tesla (+0.4%) opens higher after rising more than 5% yesterday. The heavyweights among the investment banks, Goldman Sachs and Morgan Stanley, have updated their outlook for Tesla. GS lowered the price target from $190 to $175 per share (neutral rating) and MS is bullish on Tesla's Robotaxis. Tesla is benefiting from some general dip buying as yields are currently slightly lower. We set our TP relatively tight TP โ
@: 172.23.
โบ We see gains for the Nasdaq (~0.5%) and the S&P 500 is also trading 0.4% higher for the day. The Dow Jones is an underperformer - weighed down by Goldman Sachs, American Express, underperforming financials and some headwinds in the healthcare sector due to a rotation back towards growth (thanks to temporarily lower yields). We are buying the Dow Jones here in near flat territory, taking advantage of the slightly higher volatility during the NYSE open. We can get in range 38970 - 38980* (below 39000) and probably see the Dow Jones trying to climb into the 39100 - 39250 range.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 3 - 4 (300% - 400%) trading the Dow Jones (US30).
โฑ Signal DELAYED by: 15+ (!) minutes! โ ๏ธ
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โโโ
๐๐๐ต๐ต๐ต
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๐ฅ Libertex (๐ช๐บ๐)
Gold (XAU/USD)๐ฅ
TP triggered โ
@: 2351.68
Our gold position hit TP and then fell even a bit further to key-level $2,350. We see yields still in negative territory (a bit lower again actually) - currently -2-3 bp lower for day (US 10-Y).
We observe what gold does now at $2,350 - we are very happy with our TP trigger. It was the perfect short-term SHORT trade against the market.
โโ
01 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
02 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
03 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
04 - โ
05.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
05 - โ
06.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
06 - โ
06.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
07 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
08 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
09 - โ
07.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
10 - โ
08.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
11 - โ
08.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
12 - โ
12.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
13 - โ
12.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
14 - โ
14.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
15 - โ
15.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
16 - โ
19.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
17 - โ
20.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
18 - โ
20.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
19 - โ
21.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
20 - โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
21 - โ/โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ (pot. closed in SL)
22 - โ
22.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
23 - โ
25.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
24 - โ
26.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
25 - โ
27.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
26 - โ
27.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
27 - โ
28.03 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
28 - โ
01.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
29 - โ
02.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
30 - โ
03.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
31 - โ
04.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
32 - โ 04.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ (in TP if not tight SL)
33 - โ
04.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
34 - โ
08.04 Gold (XAU/USD)๐ฅ - SHORT โ๏ธ
35 - โ
08.04 Gold (XAU/USD)๐ฅ - LONG โ๏ธ
36 - โ
09.04 Gold (XAU/USD)๐ฅ - SHORT โ๏ธ
34/36 = 94.4% Success Rate (or higher)
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
SL ๐ @: 2359.56
TP โ
@: 2352.23
Our timing with gold remains unmatched (in this case perfect). Gold exactly made the turn-around at $2,365 as we expected. We see yields moving back to flat territory after earlier trading 4 bps lower (for the US 10-Y).
We now set an in-profit SL.
๐ SmartTrader Insights: Tuesday Markets Wrap ๐
๐ Tuesday, April 9
โ๏ธ Markets move sideways as traders hold back in anticipation of Wednesday's CPI figures
โบ European markets showed minimal movement as traders maintained cautious stances ahead of major economic updates. The Stoxx 600 dipped 0.25%, influenced by mixed performances in the mining sector and some headwinds on cyclical stocks. Meanwhile, France recorded a trade deficit of 5.2B Euro in February. Anticipation for new inflation data from Europe remains high, with market players keenly awaiting insights that could dictate future interest rate trends.
โบ In the US, equity futures remain unchanged. The upcoming report on the US consumer price index is attracting a lot of attention and traders are reluctant to make any major moves ahead of its publication. In general, the Federal Reserve is only expected to cut interest rates twice this year. US Treasury yields paused their recent climb, stabilizing after nearing a significant resistance.
โบ Asian stocks were mixed, with Japanese stocks rose sharply, benefiting from a weakening JPY which bolstered exporter companies. This regional unease, coupled with robust performances in Hong Kong and mixed signals from Southeast Asia, paints a picture of an Asia-Pacific market at a crossroads. However, overall investor sentiment was cautious across global markets, with most awaiting the U.S. inflation data expected to clarify the Fed's stance on rate cuts.
โบ Oil prices stabilized above $86.0/barrel, driven by geopolitical tensions and supply worries. Gold prices reached again a new ATH at $2,360/oz, bolstered by investors flocking to safe havens amidst uncertainty about the interest rate and economic outlook as well as rising expectations that stocks have limited upside in 2024.
Key events in today's economic calendar:
(times in UTC+0)
๐ธ ๐ฆ๐บ Westpac Consumer Confidence Change - 00:30 (released)
๐ธ ๐ซ๐ท Balance of Trade - 06:45 (released)
๐ธ ๐บ๐ธ API Crude Oil Stock Change - 20:30
๐ธ ๐ฏ๐ต PPI - 23:50
๐ธ = Event of medium/high importance
โฆ๏ธ = Event of very high importance
Key Earnings Reports:
(ordered by market capitalization)
No significant earnings reports today
SmartTraderโข Analyst team & Robert Lindner
Overview last 15 trading days:
โ
Performance: 15.03 - 02.04
68/78 = 87.2% Success Rate
โ
3.4 - EUR/AUD - SHORT โ๏ธ (CLOSE - 1.65006)
โ
3.4 - US30 - LONG โ๏ธ (SL - 39248.40)
โ
3.4 - XAU/USD - LONG โ๏ธ (TP - 2279.63)
โ
3.4 - GOOGL - LONG โ๏ธ (SL - 153.67 - pot. minor slippage)
โ 3.4 - INTC - LONG โ๏ธ (SL - 40.34)
โ 3.4 - EUR/USD - SHORT โ๏ธ (SL - 1.08517)
โ
3.4 - US30 - LONG โ๏ธ (TP - 39314.30|or 39298.90)
โ
3.4 - BTC/USD - LONG โ๏ธ (TP - 67268.90)
โ
3.4 - TSLA - SHORT โ๏ธ (TP - 166.63)
โ
3.4 - XOM - LONG โ๏ธ (TP - 119.52)
8/10 = 80% Success Rate
โ
4.4 - XAU/USD - LONG โ๏ธ (TP - 2301.13| or 2301.69, 2299.97)
โ 4.4 - NVDA - LONG โ๏ธ (CLOSED - 865.73| SL 862.30)
โ
4.4 - GOOGL - LONG โ๏ธ (SL - 154.09| or 153.77)
โ
4.4 - CRM - LONG โ๏ธ (TP - 303.97)
โ
4.4 - US30 - LONG โ๏ธ (TP - 39397.70)
โ 4.4 - XAU/USD - LONG โ๏ธ (SL - 2278.89)
โ
4.4 - NZD/USD - LONG โ๏ธ (SL - 0.59978)
5/7 = 71.4% Success Rate
*No Update*
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
SL ๐ @: 2337.87
TP โ
@: 2349.89
Our prediction/short-term profits with gold remain likely unmatched. We made an almost perfect SHORT trade today and now have a LONG position deep in profit again.
We are now pulling our SL deep into profitable territory here. We see US 10-Y yields at +4.5 bps and stabilizing, which could lead to gold settling at $2,340 for the time being.
๐ฐ VIP SIGNAL ๐ฏ
SELL NOW ๐ฝ Tesla (TSLA) ๐บ๐ธ
โ ๏ธ Volatile
โบ We see Wall Street mixed and flat again, with tech stocks now mostly in the red - the Nasdaq is also slightly down and would be much lower if Tesla would not trade 5.1% higher.
โบ We are selling Tesla's strong outperformance here. The electric car manufacturer continues to struggle with weak sales and increasing competition from cheap Chinese electric vehicles. In Q1/2024, Tesla posted its first annual sales decline since the pandemic - a decline that was significantly worse than expected (even by the most pessimistic analysts).
โบ The company blamed a weak Chinese economy, arson at its German plant and supply shortages due to the escalating conflict in the Middle East. While these factors certainly didn't help, Tesla's problems are not solely due to external factors. Tesla has failed to bring new products to market fast enough to maintain customer interest and has now also abandoned its $25,000 low-cost EV - very likely due to strong competition from China.
โบ A post on X by Elon Musk "Tesla Robotaxi unveil on 8/8" has now reignited hype. But the hype won't last 4 months and it's unlikely that what Tesla will announce in 125 days will actually be available immediately, given the slow start of Tesla's Autopilot driver assistance system.
โบ Electric car sales in the US have slowed - possibly not just because of less interest in electric cars, but also in Tesla - with Tesla still accounting for more than 50% of electric car sales in the US. Meanwhile, other automakers, including non-Chinese ones like Audi, BMW, Mercedes and Rivian, are reporting year-over-year growth in EV sales of more than 50%.
โบ We expect analysts/investment banks to increasingly downgrade Tesla. It will be very difficult to measure the potential additional revenue (for Tesla) generated by the introduction of the Robotaxi feature.
โบ We are not optimistic short-term for Tesla and are taking advantage of the spike.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 320 - 350 (32,000% - 35,000%) trading Tesla (TSLA)
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โก๏ธ Erhalte unverzรถgerte Handelssignale im VIP-Channel!
โโ
โก๏ธ๐๐
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๐ ROBโS DAILY UPDATE ๐
โผ๏ธ Complete waiting-game ahead of US CPI data
We see traders awaiting the US inflation figures which could shed more light on the interest rate outlook. Equity markets have shown signs of recovery recently after yields fell back slightly and markets are still expecting CPI data to show some easing of price pressures after stronger readings earlier in the year.
The USD is also stable and has even weakened slightly in recent sessions as investors have slightly raised rate cut expectations again - they currently expect 65bps of rate cuts - so three Fed rate cuts rather than two in 2024.
We believe that today's US CPI data will raise the question of whether the Fed will cut rates at all this summer - i.e. in June or July - or whether the first rate cut will come in September - which I think is more likely. Although I am generally positive on global markets given the signs of an improving global economy and a resilient US economy, I see equities as vulnerable in the short term as expectations for rate cuts will probably have to be scaled back further.
Economists expect consumer prices to have risen by 0.3% in March MoM, both overall and excluding food and energy costs (core inflation). I think it is more likely that we will see no or almost no signs of disinflation given the strong economic data of late, robust consumers and a tight labor market with rising wages.
The Bank of Canada announces its interest rate decision today - I expect a more dovish outlook (than the Fed), which should weigh somewhat on the CAD in the short term, but it will continue to benefit from rising commodity/energy prices.
The most likely scenario is a short-term setback after another inflation report that points to stubborn inflation, but markets will recover towards the end of the week and ahead of the first quarter earnings season. Rising sales at Taiwan Semiconductor Manufacturing Co. gave tech stocks a boost - important as the sector has been booming thanks to AI hype, which is much more than "just" hype given the rising sales in the tech industry - especially AI-related companies.
I see too many worries about a sharp correction and see little reason for the current bull market to hit a strong wall and correct sharply. Rising commodity prices and improving production data also show a positive trend in the global economy. Stocks in China/Hong Kong in particular have much more recovery potential.
We expect stubborn inflation figures, which will put the gold price under slight pressure in the short term. Nevertheless, gold remains bullish. Short-term rate cut expectations will also weigh on other risk assets - but the overall positive risk sentiment seems resilient enough to persist. Rather hot US CPI data is in fact also another sign of a strong US economy and a soft indicator of positive corporate earnings.
๐ ROB'S MARKET OVERVIEW:
โ ๏ธ We expect US CPI data to show no clear signs of disinflation which should first have a negative impact on risk sentiment. Bull market, however, remains intact.
April 10, 2024
๐/๐บ๐ธ Global Markets โ๏ธ/โ๏ธ/โ๏ธ (short-term headwinds after CPI data - markets trying to edge higher; remain overall bullish)
Cyclical / Luxury Stocks โ๏ธ/โ๏ธ/โ๏ธ
Tech/Growth Stocks โ๏ธ/โ๏ธ/โ๏ธ
Financial Stocks โ๏ธ/โก๏ธ
Defensive Stocks โก๏ธ
Energy Stocks โ๏ธ/โก๏ธ/โ๏ธ
Materials Stocks โ๏ธ/โก๏ธ/โ๏ธ
๐ฑ Forex
EUR, GBP โ๏ธ/โก๏ธ
USD โก๏ธ/โ๏ธ (USD to benefit from more signs that Fed will have to wait for inflation to cool)
CHF, JPY โก๏ธ
AUD โก๏ธ/โ๏ธ
CAD โก๏ธ/โ๏ธ (may see additional headwinds from rather dovish BOC comments)
โ Commodity Markets โ๏ธ
Oil prices โ๏ธ/โ๏ธ (short-term headwinds if CPI report rather hot; but oil to remain bullish)
Natural Gas prices โ๏ธ/โ๏ธ
Metal prices โ๏ธ/โ๏ธ (short-term headwinds if CPI report rather hot)
Gold โ๏ธ/โ๏ธ (short-term headwinds if CPI report rather hot - gold remains bullish)
โก๏ธCryptos โ๏ธ (Will try to break through $70K again - remains volatile)
(*โ๏ธ bullish, โ๏ธ bearish, โก๏ธ sideways / stable, โ๏ธ mixed / volatile)
Your Robert
โ ๏ธ NON-DELAYED ROB'S DAILY UPDATE IN VIP CHANNEL
๐ SmartTrader Insights: Wednesday Markets Wrap ๐
๐ Wednesday, April 10
โ๏ธ European stocks stage rebound with tech leading gains before US CPI data
โบ European markets staged a rebound with the Stoxx 600 index climbing 0.6%, driven by gains in the technology sector spurred by strong sales at Taiwan Semiconductor Manufacturing Co. and rising prices in industrial and precious metals such as iron ore and gold. The anticipation of US inflation data, crucial for upcoming Federal Reserve decisions, also held traders' attention.
โบ In the US, stock futures saw a slight boost before the release of crucial inflation data. The upcoming consumer price index (12:30 UTC+0) is expected to influence the Federal Reserve's policy direction, with the market pricing approximately 65 basis-points of rate cuts by year-end - up from 60 bps at the beginning of the week, reflecting cautious optimism.
โบ Asian markets exhibited mixed reactions; while Hong Kong-listed Chinese stocks advanced, nearing a technical bull market, Japanese shares dipped amid currency depreciation concerns which might prompt governmental intervention. The broader Asian market's movements reflect ongoing adjustments to global economic forecasts and interest rate speculations.
โบ Gold prices maintained their high at around $2,355/oz, buoyed by the uncertain economic climate and upcoming US economic data, which could further clarify the trajectory of interest rates but also as gold catches up after many months of undperformance according to our chief analyst Robert Lindner. Oil prices steadied at $85/barrel after recent losses, with market eyes on Middle Eastern geopolitical tensions that could influence future pricing.
Key events in today's economic calendar:
(times in UTC+0)
โฆ๏ธ ๐บ๐ธ Inflation Rate / CPI - 12:30
๐ธ ๐จ๐ฆ BoC Interest Rate Decision - 13:45
๐ธ ๐บ๐ธ EIA Crude Oil Stocks Change - 14:30
๐ธ ๐บ๐ธ FOMC Minutes - 18:00
๐ธ = Event of medium/high importance
โฆ๏ธ = Event of very high importance
Key Earnings Reports:
(ordered by market capitalization)
โ๏ธ Delta Air Lines (DAL) ๐บ๐ธ
โ๏ธ Tesco (TSCO) ๐ฌ๐ง
SmartTraderโข Analyst team & Robert Lindner
Overview last 16 trading days:
โ
Performance: 15.03 - 02.04
68/78 = 87.2% Success Rate
โ
3.4 - EUR/AUD - SHORT โ๏ธ (CLOSE - 1.65006)
โ
3.4 - US30 - LONG โ๏ธ (SL - 39248.40)
โ
3.4 - XAU/USD - LONG โ๏ธ (TP - 2279.63)
โ
3.4 - GOOGL - LONG โ๏ธ (SL - 153.67 - pot. minor slippage)
โ 3.4 - INTC - LONG โ๏ธ (SL - 40.34)
โ 3.4 - EUR/USD - SHORT โ๏ธ (SL - 1.08517)
โ
3.4 - US30 - LONG โ๏ธ (TP - 39314.30|or 39298.90)
โ
3.4 - BTC/USD - LONG โ๏ธ (TP - 67268.90)
โ
3.4 - TSLA - SHORT โ๏ธ (TP - 166.63)
โ
3.4 - XOM - LONG โ๏ธ (TP - 119.52)
8/10 = 80% Success Rate
โ
4.4 - XAU/USD - LONG โ๏ธ (TP - 2301.13| or 2301.69, 2299.97)
โ 4.4 - NVDA - LONG โ๏ธ (CLOSED - 865.73| SL 862.30)
โ
4.4 - GOOGL - LONG โ๏ธ (SL - 154.09| or 153.77)
โ
4.4 - CRM - LONG โ๏ธ (TP - 303.97)
โ
4.4 - US30 - LONG โ๏ธ (TP - 39397.70)
โ 4.4 - XAU/USD - LONG โ๏ธ (SL - 2278.89)
โ
4.4 - NZD/USD - LONG โ๏ธ (SL - 0.59978)
5/7 = 71.4% Success Rate
โ
5.4 - NAS100 - SHORT โ๏ธ
โ 5.4 - USD/CHF - LONG โ๏ธ (SL - 0.90047|or in TP - 0.90567)
โ 5.4 - NAS100 - SHORT โ๏ธ (SL - 18216.80)
โ 5.4 - EUR/USD - SHORT โ๏ธ (SL - 1.08443)
โ
5.4 - CAD/CHF - LONG โ๏ธ (SL - 0.66547) ๐
โ
5.4 - GOOGL - LONG โ๏ธ (TP - 154.63)
โด๏ธ 5.4 - INTC - LONG โ๏ธ (open - off-profit)
๐ SL ๐ @: 37.84 // TP โ
@: 38.87
3/7 - (1 open position)
Intel is trying to push back into profit (and with the new AI chips - this should be very possible) - if not, April 5 could be our first day with a sub-50% success rate since February 6 (!) - which again illustrates how consistently profitable we are that we don't even dip below 50% success rate on a daily basis.
We have the highest success rate in short-term trading - for sure - also thanks to the motivation this community gives me every day. Thank you for that - we achieve this together.
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
SL ๐ @: 2346.73
TP โ
@: 2354.97
Here we go - Gold pushed above $2,350 and will now likely push further up.
We give Gold a bit more room to rise further and pull our SL in-profit.
Congratulations! Gold never lets us down.
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
TP โ
@: 2352.89
JPMorgan Chase (JPM) ๐บ๐ธ
SL ๐ @: 193.84
TP โ
@: 196.77
We are tightening the TP of our gold position - which is (again) in profit. We see yields still lower for the day (even further sliding down - currently at near -6 bps for the US 10-y) which should push gold back above $2,350. Concerns about a hot US inflation report - that could further reduce rate cut expectations weighs on gold but is mostly priced in. We also see already swap markets expecting only 60 bps of rate cuts in 2024.
We can also tighten the TP for JPMorgan position - now again slightly off-profit. JPMorgan remains bullish and will trigger the TP soon. However, we can find a better re-entry thus it's fine to close only with a minor profit.
โโ
IMPORTANT โ ๏ธ Please continue to make sure that you never lose more than 2% - max. 5% of your account balance in a single trade (this includes possible re-entries = still the same trade!). As long as you follow this, you will be 100% (!) profitable if you copy our trades. Nobody trades (short-term / fundamentally) anywhere near our level.
If you feel you are making mistakes or not getting the support you need, please contact our support. You can also ask our support for another account manager if you are not completely satisfied with your account manager:
SmartTrader Support ๐ฌ๐ง
SmartTrader DE-Support ๐ฉ๐ช
SmartTrader ES-Support ๐ช๐ธ
โก๏ธ RAPID UPDATE ๐ฐ
Dow Jones (US30) ๐บ๐ธ
SL ๐ @: 38743.30
TP โ
@: 38866.30
Tesla (TSLA) ๐บ๐ธ
SL ๐ @: 176.72
TP โ
@: 173.03
We made the perfect re-entry purchase so that our overall Dow Jones position is currently in profit (even if your re-entry is a bit smaller in trade size). However, the slide + profit taking has been sharp. We thus set a TP that would close overall well in profit (but our initial position still off-profit). We also tighten our SL.
We see a rebound in some of the sharply sold stocks. In particular Intel jumped much higher. JPMorgan is back in profit. We made the perfect "dip" purchase with Alphabet too - you can set a TP โ
@: 157.23 already for Alphabet - our cash cow.
We also update our Tesla position.
๐ฐ FREE VIP SIGNAL ๐ฏ
BUY NOW ๐ผ Gold (XAU/USD)๐ฅ
๐ฐ FREE VIP SIGNAL ๐ฏ
STAY LONG / BUY NOW ๐ผ Dow Jones (US30) ๐บ๐ธ
SL ๐ @: (VIP ONLY)
โบ Panic selling now occurred in New York after the initial dip buying failed to lead to further gains as the markets became more nervous about the upcoming US inflation data (earlier than expected).
โบ The sharp losses also led to short-term losses in gold, as investors freed up money to service margin and there was overall selling - including of what should have been the safe haven gold. A stronger USD also weighed somewhat on both US equities and gold.
โบ We are seeing a overreaction in gold as traders are also concerned that the recent gains have gone too far.
โบ However, the rising uncertainty is positive for gold. We are buying the dip her nere $2,345. We also continue to see lower yields as much of the concern over tomorrow's US consumer tax data is already priced into bonds/yields.
โบ We are also buying the Dow Jones dip near/at 38600 - but use a tight SL. If the Nasdaq 100 falls below 18000, there could be further selling in growth stocks. Therefore, we allow only little downward movement for the Dow Jones.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 0.6 - 0.8 (60% - 80%) when trading Gold (XAU/USD)
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 3 - 4 (300% - 400%) trading the Dow Jones (US30).
โฑ Signal DELAYED by: 15+ (!) minutes! โ ๏ธ
โก๏ธ Receive non-delayed signals in the VIP Channel!
โโโ
๐บ๐ธ๐๐๐
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๐ฅ Libertex (๐ช๐บ๐)
โก๏ธ RAPID UPDATE ๐ฐ
Chevron (CVX) ๐บ๐ธ
SL ๐ @: 161.69
TP โ
@: 162.47
We pull our (in-profit) SL for our CVX tighter. We saw Chevron moving back near 162.50 were it also hit resistance yesterday. We set a tight SL and tight TP. We can likely find a better re-entry.
๐ ROBโS DAILY UPDATE ๐
โผ๏ธ Markets act cautiously ahead of Wed's CPI report; Gold extends bull run
In the run-up to the US inflation figures, which are crucial for the debate on when the Fed will cut interest rates and how much to expect in 2024, bonds are making up for some of Monday's slump. Yields reached their highest level since November in the last session. Bond yields in Europe also followed suit, with yields falling across the curve.
The slightly lower yields provided Wall Street with some (additional) support, particularly for the growth sector - but also for gold. Overall, however, analysts expect tomorrow's US inflation report to show a further easing of price pressures - leaving room for disappointment. On the other hand, I expect little sign that disinflation will continue at a pace that would allow for rate cuts in June - possibly not even in July. Core rates in particular have been very persistent of late.
Traders are also preparing for the ECB's interest rate decision on Thursday, which could reinforce expectations that the ECB will cut rates before the Fed and possibly before 2024.
The rather dovish comments from former St. Louis Fed President James Bullard, who said that three rate cuts remain "the base case scenario", have further eased concerns that rates will stay higher for longer - which I think is the most likely scenario, however, as we currently see little to no signs of economic weakness in the US that would make rate cuts more likely.
The oil price has risen again despite the ongoing negotiations for a ceasefire in Gaza, which I do not expect to be successful. The rising oil and industrial metal prices reflect the continuing expectations of an improving global economy. Copper has traded near a 15-month high as demand outstrips supply - a strong indicator of improving production.
We expect another day of sideways movement. Yesterday's trading was the lightest since December - a sign that traders are still waiting for more clues, especially on the Fed's interest rate outlook. If yields continue to edge lower, we could see the first small gains in equities before we expect more profit taking in the second half of US trading.
Commodity prices remain in an overall uptrend but could come under pressure as concerns over a potentially hot US inflation report will keep demand for the USD. The gold price rise went a little too far in the short term, but we expect further gains as uncertainty remains.
๐ ROB'S MARKET OVERVIEW:
April 09, 2024
๐/๐บ๐ธ Global Markets โ๏ธ/โก๏ธ (early gains on lower yields; More caution to return in 2nd half of US trading)
Cyclical / Luxury Stocks โ๏ธ/โก๏ธ/โ๏ธ
Tech/Growth Stocks โ๏ธ/โก๏ธ
Financial Stocks โก๏ธ
Defensive Stocks โ๏ธ/โก๏ธ
Energy Stocks โ๏ธ/โก๏ธ
Materials Stocks โ๏ธ/โก๏ธ
๐ฑ Forex
AUD, CAD โ๏ธ/โก๏ธ (benefiting from strong commodity prices, improved risk sentiment)
GBP โ๏ธ/โก๏ธ (benefiting from improved risk sentiment)
EUR, CHF โก๏ธ
USD โ๏ธ/โก๏ธ (recovering in 2nd half of US Trading as trades turn more cautious)
JPY โ๏ธ/โก๏ธ
โ Commodity Markets โ๏ธ
Oil prices โก๏ธ (hovering around $86/barrel WTI)
Natural Gas prices โ๏ธ/โก๏ธ
Metal prices โ๏ธ
Gold โ๏ธ/โ๏ธ (remains bullish - swings in range $2,340 - $2,365)
โก๏ธCryptos โ๏ธ/โ๏ธ (sees some profit taking after recent gains; support at $70K)
(*โ๏ธ bullish, โ๏ธ bearish, โก๏ธ sideways / stable, โ๏ธ mixed / volatile)
Your Robert
โ ๏ธ NON-DELAYED ROB'S DAILY UPDATE IN VIP CHANNEL
โก๏ธ RAPID UPDATE ๐ฐ
Gold (XAU/USD)๐ฅ
SL ๐ @: 2357.21
TP โ
@: 2351.68
We tighten a bit further and give a little more air to the downside. It is actually impossible to find the right words to describe our gold performance over the last few weeks.
The entry here could not have been better.
Congratulations - we are very likely trading the hottest commodity on the markets better than any other short-term trader in the world (for 5-6+ weeks now).
#1๏ธโฃ๐
โก๏ธ FREE RAPID SIGNAL ๐ฏ
SELL NOW ๐ฝGold (XAU/USD)๐ฅ
TP โ
@: (VIP ONLY)
โบ We believed in a record bull market for gold (and fully traded / benefited from it) when almost no one did and gave gold little to no attention. Many of you have made almost life-changing gains in gold over the last 30 to 45 days - congratulations from the entire team. We continue to see gold heading towards $2,450 - $2,500.
โบ Gold has hit another ATH today and is currently trading at $2,365. We are going SHORT here in the short term and see that gold has run a little hot in late Asian/European trading - similar to yesterday, but also supported by the lower yields currently - after yesterday's rise.
โบ However, concerns about another hot inflation report (tomorrow) will further reduce rate cut expectations - which are already down to 60 basis points in 2024 (for the Fed).
โบ We remain bullish on gold, but expect a short-term correction soon, which will allow us to re-enter at a better price - but LONG.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 0.6 - 0.8 (60% - 80%) when trading Gold (XAU/USD)
โฑ Signal DELAYED by: 30+ (!) minutes! โ ๏ธ
โก๏ธ Receive non-delayed signals in the VIP Channel!
โโโ
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โ
5.4 - NAS100 - SHORT โ๏ธ
โ 5.4 - USD/CHF - LONG โ๏ธ (SL - 0.90047|or in TP - 0.90567)๐
โ 5.4 - NAS100 - SHORT โ๏ธ (SL - 18216.80)
โ 5.4 - EUR/USD - SHORT โ๏ธ (SL - 1.08443)๐
โด๏ธโ
5.4 - CAD/CHF - LONG โ๏ธ (SL - in-profit)
๐ SL ๐ @: 0.66547 ๐ // TP โ
@: 0.66763 ๐
โ
5.4 - GOOGL - LONG โ๏ธ (TP - 154.63)
โด๏ธ 5.4 - INTC - LONG โ๏ธ (open - off-profit)
3/7 - (2 open positions)
โ
8.4 - US30 - LONG โ๏ธ (SL - 38988.70)
โ
8.4 - XAU/USD - SHORT โ๏ธ (TP - 2320.26)
โ
8.4 - AMD - LONG โ๏ธ (SL - 170.49)
โด๏ธ 8.4 - TSLA - SHORT โ๏ธ (open - in-profit)
โ
8.4 - XAU/USD - LONG โ๏ธ (SL - 2337.87)
โด๏ธ 8.4 - CVX - LONG โ๏ธ (just entered - in-profit)
4/6 - (2 open positions)
April 5 became even more "unfortunate" as another SL was triggered overnight. The USD/CHF rallied sharply but experienced a short term dip which could have lead to your SL being triggered. The EUR/USD was also in the money for most of the day (today), but the EUR rallied again as many investors still expect the Fed to cut rates (at least 2 times) and the ECB won't get much ahead of the Fed (I disagree and expect earlier ECB rate cuts and more cuts in 2024). Our SL was too tight on both FX pairs. We update our SL & TP for our very good CAD/CHF (only VIP) trade.
Today, on the other hand, was great, especially our timing with gold. We also made a phenomenal NYSE opening trade with AMD and brought home another GOOGL LONG trade deep in profit. After some moves in Asian/European and early US trading, we then saw most markets move completely sideways. Investors are waiting for more data - especially the US CPI data on Wednesday.
โก๏ธ RAPID SIGNAL ๐ฏ
BUY NOW ๐ผ Chevron (CVX) ๐บ๐ธ
โบ We see a complete sideways movement on all markets with also Wall Street closing the day in flat territory. Gold found resistance at $2,340 as we expected and yields also stabilized around 4-5 basis points up (for the 10-year) for the day. No clear entries here.
โบ The USD barely moved, only Bitcoin stood out, although precious metals also gained in value - silver, platinum, (outperforming gold) but also other commodity prices such as iron ore, steel and copper rose.
โบ The oil price moved sideways, with slight hopes of a cooling of geopolitical tensions in Israel. Natural gas is up more than 3%.
โบ We find a solid entry point into Chevron just below $161.00.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~340 - 370 (34.000% - 37.000%) when trading Chevron (CVX).
โฑ Signal DELAYED by: 7+ (!) minutes! โ ๏ธ
โก๏ธ Receive non-delayed signals in the VIP Channel!
โก๏ธ FREE RAPID SIGNAL ๐ฏ
BUY NOW ๐ผ Gold (XAU/USD)๐ฅ
TP โ
@: (VIP ONLY)
โบ We made a mega gold SHORT trade today and set the perfect TP because we expected further support for gold at $2,320. Indeed, gold found support at $2,320, also thanks to US Treasury yields stabilizing or even giving back some of the even stronger gains. We see yields on the key 10-year US government bonds only slightly higher today at +3-4 basis points.
โบ Gold is now also receiving additional support (again) as the upswing has fizzled out. After a slightly positive pre-market performance and early gains, we see Wall Street mixed and unchanged again. The Nasdaq 100 would be down if Tesla wasn't trading 5% higher today.
โบ We are buying now and expect gold to try to push back near the ATH (~$2,350). We can already work with a TP near that level.
๐ฃ๏ธ Tip: Multiply your usual trade size by ~ 0.6 - 0.8 (60% - 80%) when trading Gold (XAU/USD)
โโ
๐ฅ
๐2๏ธโฃ3๏ธโฃ2๏ธโฃ0๏ธโฃ๐2๏ธโฃ3๏ธโฃ4๏ธโฃ5๏ธโฃ
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๐ฅ Admiral Markets (๐ช๐บ๐ฆ๐บ๐ณ๐ฟ๐)
๐ฅ Libertex (๐ช๐บ๐)
โก๏ธ RAPID UPDATE ๐ฐ
Dow Jones (US30) ๐บ๐ธ
SL ๐ @: 38988.70
TP โ
@: 39039.90
...hovering near 39000. We see mixed markets in New York - with big tech and financials slightly outperforming.
You can tighten your SL a bit further. We see signs of more profit taking as we slide into (soon) second half of US trading. We bring our profit home.
We can find a better re-entry.
โโ
๐บ๐ธ3๏ธโฃ0๏ธโฃ๐โ
๐ฅ VT Markets (๐ฌ๐ง๐ณ๐ฟ๐ช๐บ๐)
๐ฅ PU Prime (๐จ๐ฆ๐ฆ๐บ๐ณ๐ฟ๐ฌ๐ง๐ช๐บ๐)
๐ฅ Admiral Markets (๐ช๐บ๐ฆ๐บ๐ณ๐ฟ๐)
๐ฅ Libertex (๐ช๐บ๐)