Signal Centre – Talking Bull – Episode 7

Posted: 7th November 2019

Welcome to episode 7 of ‘Talking Bull’.

In this video/podcast we cover the main headlines and what to expect from the day ahead. We take a technical look at key markets that are likley to be impacted by todays events. Also we participate in a ‘Gun to the head’ challenege where each of us call a live trade. These will expire at 9pm tonight and we will keep track of the progress over time.

Hope you enjoy it!

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Show notes:

Ian is 6/6 on the gun to the head challenge! See the stats below.

We have also included an illustration based on a £1000 account. This will follow the combined return of our morning trades by risking 1% of the trading captial per trade. The 1% risk is a variable monetary amount and will rise and fall based on the success of the calls.

Market headlines

Chinese Commerce Ministry: China And US Have Agreed To Cancel Existing Tariffs In Different Phases

If China And US Reaches Phase 1 Trade Deal, Both Sides Must Cancel Existing Tariffs At The Same Time, With The Same Proportion Based On Agreement

No Information On Venue Of Xi-Trump Meeting

Precious metals secured only a limited recovery with fresh losses after positive Chinese tariffs rhetoric.

Global equities were resilient with US futures at record highs on Thursday after the trade rhetoric.

Oil prices dipped after a large inventory build with trade reservations also a negative influence before a recovery on Thursday.

There are very strong expectations that the Bank of England will maintain interest rates at 0.75% at Thursday’s meeting. There is a risk that growth expectations will be lowered in the inflation report, but commentary is still likely to be notably restrained given Brexit uncertainty and the on-going election campaign. 

Chart of interest – DAX

Trading at the upper end of a channel. Broken to the highest level since May 2018. Watchin the close on the daily, below 13207 could highlight a rejection and trigger a correction.

 

What is the focus?

Data due out today:

BOE Interest rate decision @ 12pm – Unchanged expected.

Mark Carney BOE Governer speaks @ 12:30pm

 

Gun to head trade ideas – Results so far

 

Gun to head trade ideas – Today

 

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