12/11/2024
BEAT Analysis for the Week
BROAD MARKET VIEW
S&P500 - W1 uptrend | D1 Uptrend | H4 Uptrend
AUDJPY - Weekly Uptrend | Daily Uptrend | H4 Uptrend
VIX - 14.96
Overall Market Mood - Risk On
ECONOMICS
AUD - Cash Rate STEADY | RBA Rate Statement HAWKISH | Goods Trade Balance DOWN = (BAD-1, STEADY-1, GOOD-1) = GOOD
CAD - Trade Balance UP | Employment Change DOWN | Unemployment Rate STEADY = (BAD-1, STEADY-1, GOOD-1 = GOOD
CHF - Unemployment Rate STEADY = (BAD-0, STEADY-1, GOOD-0) = STEADY
EUR - Final Manufacturing PMI UP | Final Services PMI UP | PPI m/m DOWN | Retail Sales m/m UP = (BAD-1, STEADY-0, GOOD-3) = GOOD
GBP - Final Services PMI UP | Construction PMI DOWN | Official Bank Rate DOWN | BOE Monetary Policy Report HAWKISH = (BAD-2, STEADY-0, GOOD-2) = STEADY
JPY - No major data prints
NZD - Employment Change q/q DOWN | Unemployment Rate UP = (BAD-2, STEADY-0, GOOD-0) = BAD
USD - Trade Balance DOWN | Final Services PMI DOWN | ISM Services PMI UP | Federal Funds Rate DOWN | FOMC Statement LESS HAWKISH = (BAD-3, STEADY-1, GOOD-1) = BAD
ANALYSIS OF THE EXPERTS (COT REPORT)
AUD - Net Longs 30,976 vs Previous 27,516 | Net Difference 3,460 | Bullish Sentiment | GOOD
CAD - Net Shorts -175,229 vs Previous -167,499 | Net Difference -7,730 | Strongly Bearish Sentiment | BAD
CHF - Net shorts -29,981 vs Previous -33,998 | Net Difference 4,017 | Bullish Sentiment | GOOD
EUR - Net Shorts -21,653 vs Previous -50,304 | Net Difference 28,651 | Strongly Bullish Sentiment | GOOD
GBP - Net Longs 45,084 vs Previous 66,356 | Net Difference -21,272 | Strongly Bearish Sentiment | BAD
JPY - Net Shorts -44,167 vs Previous -24,817 | Net Difference -19,350 | Strongly Bearish Sentiment | BAD
NZD - Net Shorts -8,199 vs Previous -2,167 | Net Difference -6,032 | Strongly Bearish Sentiment | BAD
USD - Net Longs 95 vs Previous 1,684 | Net Difference -1,589 | Slightly Bearish Sentiment | STEADY
PAIRS OF INTEREST
GBPAUD - Sell
AUDNZD - Buy
AUDUSD - Buy
EURGBP - Buy
EURNZD - Buy
EURUSD - Buy
RISK DISCLAIMER
Use my analysis as a guide, not as a signal
High level of risk, not suitable for all investors
My strategies won’t work 100% of the time
Past performance is not indicative of future results
High leverage either can work against you or for you
Do not invest money that you cannot afford to lose
Happy trading everyone!