Erica Villalon

The British pound took center stage again on Tuesday, rising sharply against the dollar and euro on renewed speculation of a deal to allow the U.K. to leave the EU smoothly at the end of the month. By 3 AM ET, GBP/USD was at $1.2667, up 0.5%, while EUR/GBP was at 0.8715, down 0.3%. The latest wave of optimism was fueled by comments from the EU’s top negotiator Michel Barnier, who told reporters that a deal at a summit at the end of the week “is still possible”. “I will debrief the EU 27 ministers as usual and just to tell them where we are, where we stand today,” newswires quoted Barnier as saying. “Our team(s) are working hard, and work has just started now today, this work has been intense over the weekend and yesterday, because even if the agreement will be difficult, more and more difficult, to be frank, it is still possible this week,” Barnier added. Barnier has repeatedly stressed the gap between the U.K.’s rhetoric and its ability to deliver effec

Stocks set to open mixed, bonds consolidate after fall U.S. stock markets were set to open flat to lower after the disappointing news from China. Futures had ticked up earlier after a tweet from the editor of a Chinese newspaper raised hopes for more encouraging news. By 6 AM ET, Dow Futures were up 0.1%, while the S&P 500 Futures contract was effectively unchanged and the Nasdaq 100 Futures contract was down less than 0.1%. The news also caused European markets to trim earlier gains.  The news also stabilized bond yields which had corrected sharply upward on Tuesday. The 30-Year Treasury bond yield was at 2.20%, down from an overnight high of 2.22%, while the 10-year note yield was at 1.72%, down from a four-week high of 1.74%..   US FX Open Notes are posted  https://ericavillalonfx.blogspot.com/2019/09/us-market-open-notes.html Market Daily thoughts have been moved to  http://www.authorstream.com/ericavillalon/ Happy Tuesday and don't forget Futures

Wall Street's main indexes rose on Monday as U.S. President Donald Trump eased his stance on trade with China, calming investor nerves after an intense feud between the world's top two economies last week sent stocks tumbling. Shares of tariff-sensitive companies rose in response, with Apple Inc's (O: AAPL ) 2% gain boosting technology stocks ( SPLRCT ), while a 1.1% rise in  Boeing Co  (N: BA ) lifted the Dow Jones Industrial Average ( DJI ). Chipmakers, which heavily rely on China for their revenue, rose, with the Philadelphia Semiconductor index ( SOX ) adding 1.2%. Trump said on Monday Beijing had contacted Washington overnight to say it wanted to return to the negotiating table, adding that talks between the two countries were "more meaningful" than any time. The U.S. president also said he was confident that China was sincere about wanting a trade deal with the United States. If you are impatiently trying to force trades, it is always best to eith

Strategies can be tough depending on market conditions, flat, sideways, up and down.. Here is a short mini article on simple strategy.    Erica-Villalon Simple Strateg y.

Aussie$ looks very corrective since August 08.. expecting more upside. "Lets Keep It Simple" Please Keep in mind this is the  60 min chart as price can have conflicting signals on multiple time frames. For more daily thoughts visit  Quora Erica Villalon

Where should you start? Just as in other careers out there, you need to commit time and money to have the best understanding of how things operate. It begins from grasping the basics, moving further into learning, and eventually graduating. In the past, traders did not have the opportunity to have formal classes - whether online or in brick and mortar institutions. They just opened accounts, invested their cash, and started making money. They went through losses due to obvious challenges. Only those who were capable of standing again after a fall that are proud tutors and successful traders today. When you  learn Trading Forex with Erica Villalon  you will notice that she has a lot of knowledge about the potential obstacles and prepares you to overcome them. Here strategy is allowing you to view her trading and explain why she is making decisions in the manner she does. As a learner from her own mistakes, she has been able to produce the best independent traders out there. She equip

U.S. stock indexes dipped on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX (O: CSX ) shares tumbled 9.9% and were set for their biggest one-day drop since 2008 after the rail freight company posted lower-than-expected quarterly profit and cut its full-year revenue forecast. Ongoing trade tensions have contributed to a decline in truck and rail freight volumes in the first half of 2019. The losses in CSX shares helped push down the S&P 500 industrials index ( SPLRCI ), whose 1.9% slide was the largest among the S&P's 11 major sectors. The Dow Jones Transportation Average ( DJT ) fell 3.2%.  Daily thoughts @ https://issuu.com/ericavillalonforex/docs/the_impressive_record_of_erica_vill The Federal Reserve's Beige Book, a compendium of anecdotes from U.S. businesses, also pointed to trade-related pressures on transportation and manufacturing companies.

The dollar edged up on Monday, hovering at a three-week high, as it held on to gains after news of a stronger-than-expected increase in U.S. jobs in June scaled back traders' expectations of a sharp Federal Reserve rate cut at the end of July. Traders await Fed Chairman Jerome Powell's two-day testimony before Congress, which starts on Tuesday for clues about a rate decrease. "Foreign-exchange markets started the week on a quiet note, with currencies trading in tight ranges, as traders shifted their focus from Friday’s strong U.S. payrolls data to testimony from Federal Reserve Chairman Jerome Powell," said Ellis Phifer, senior market strategist at Raymond James. Among emerging market currencies, the Turkish lira fell steeply after President Tayyip Erdogan dismissed the central bank governor, sparking worries about the bank's independence. U.S. non-farm payrolls rebounded in June, rising the most in five months, the Labor Department said on Friday.

Crude oil prices settled sharply lower on Tuesday, as fears that a weaker global economic backdrop would keep a lid on oil demand offset an agreement by OPEC and its allies to extend their oil-production pact by a further nine months. On the New York Mercantile Exchange  crude futures  fell 4.8% to settle at $56.25 a barrel, while on London's Intercontinental Exchange,  Brent  slumped 4.1% to $62.40 a barrel. OPEC and its allies, including Russia, agreed on Tuesday to extend oil supply cuts until March 2020 in a bid to curb supplies and support oil prices. The extension, however, was widely expected and does little to avert the threat of a supply surplus, with analysts at ING insisting that “the agreement for this extension was the bare minimum and it's not enough. We need a deeper cut in order to lift prices.”   Daily Thoughts @  https://www.quora.com/profile/Erica-Villalon-3

EUR/AUD  traded lower during the European morning Wednesday, breaking briefly below the key support territory between 1.6250 and 1.6265. However, it was quick to rebound and return above that zone. The 4-hour chart suggests that the rate entered a consolidation phase on June 11th, oscillating between the aforementioned zone and the 1.6450 resistance. Thus, in the absence of a clear trending structure, we prefer to stay neutral for now, despite the latest negative wave. We would like to see another, and more decisive, attempt to break below 1.6250 before we start examining whether the outlook has turned negative. Such a break could signal the completion of a failure swing top formation and may initially pave the way towards the 1.6200 area, which is fractionally above the inside swing high of June 7th. The rate could rebound somewhat after testing that hurdle, but as long as a potential recovery stays limited below 1.6250, we would still see a decent chance for the sellers to rec