2 – 6 Mar 2020 Trading week preparation

The content is now separated between markets/folders I track. It´s easier for me and I hope it´s easier clear for you too.

What I am looking at:
What a crazy week, markets took a hell of a dive and last Fridays rebound was insane.
I pretended to take last week off, but I had to keep an eye on Mr. Market because things were insane.
Positions from last week:
Gold/Silver longs took a dive. I am still holding them.
GBP Short still a go, this week GBP reports a lot of numbers such us PMIs and they should start decaying.

The Canadian dollar took a dive last week, breaking the symmetrical triangle and triggering a H&S.
I am planning to play this buy longing USDCAD or shorting CADJPY. I need to see how the market will open Sunday night.
USDCAD looks juicier, It broke out a triangle and momentum is on It´s side, although due to It´s high correlation with the price of WTI, It´s riskier to play.
CADJPY should be the safe play, Yen rebounded and looks strong.

CNY – Chinese Yuan
The Chinese Yuan took a dive for January. The numbers on Saturday started a lot of buzz. I would be looking to long USDCNH, not at the open but wait.
The weekly closed rested on the cloud.
Caixin PMIs are going to be released Monday and Wednesday. This could be a rocket.

To be completely honest, I wont be trading the SPX next week.
It will be a crazy week, a lot of economic numbers, more corona virus news,global slowdown and If Chinese numbers are as bad as people think this will be and elevator down.
What I am seeing on the chart.
It closed and the same level as the lagging span, 0.50 Fibonacci was a strong bounce for the week and 0.38 closed strong.
Weekly MACD printed a bear cross.
The weekly cloud is holding such as the 100DMA.
All this being said, I am eying a retest to the “red box”, even though I am not that confident about this. My read on SPX doesn’t convince me this time.

OPEC! Finally we will see how the cartel will sort this drop of price.
The meme buy zone of ~44 is holding strong and a rebound might be provided if OPEC cuts.
I might take a long on WTI , It will depends on how It closed on Monday before the manufacturing PMIs numbers. And If I take or not the USDCAD long.

JPY – Man. PMI
CNY – Caixin Man. PMI
EUR – Man. PMI
CHF – Man. PMI
GBP – Man. PMI
CAD – Man. PMI
USD – Man. PMI / ISM PMI / ISM Prices

GBP – Construction PMI
EUR – CPI / PPI /Unemployment rate
AUD – Cash rates

CNY – Caixin Services PMI
EUR – Services PMI / German retail sales / EUR retail sales
GBP – Services PMI
USD – Services PMI / ADP-Non Farm employment change / ISM Non-manufacturing
CAD – Cash rates

OIL – OPEC Meeting
USD – Unemployment claims / factory orders m_m
AUD – AIG Services Index

JPY – Leading indicators
EUR – Germany factory orders m_m
CAD – Unemployment change
USD – Avg. hourly earnings / Non farm employment change / Unemployment rate / Consumer credit
CAD – Ivey PMI

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