Skip to content Skip to footer
ASIC follows FCA in limiting leveraged trading

March Madness, are Markets on the Verge of Breaking?

On Friday 20,000 was the number which sent shockwaves around markets. This was the NFP number for February, 160k below the forecasted, which sent Gold back towards $1,300. As this week progresses many expect the ripple effect to continue. What rippled in the US is storming in the UK with Tuesday seen as a breakthrough day for what’s to come with Brexit. Tuesday evening sees another parliamentary vote which many hope will be the last.

MPs are set to vote whether they back the PMs deal. If they do, then Brexit looks set to happen by the March 29th deadline, if they do not, then the proverbial Brexit can could be kicked further down the road with no assurances when the UK will leave, and thus causing a stubbed toe for the assailants.

With the pressure growing, the would be assailants have been exposed in the markets with the EUR reaching its lowest point against the GBP since May 2017. The irony as this March could be the last we see of May. Providing she fails to get this across the line, conservatives likely to call for her job should the UK remain in the EU.

So which markets are set to be the most affected, and how should traders prepare for this?


This descending triangle has been the story so far this year in EURGBP as it became clearer Brexit wouldn’t be as easily achieved as initially forecasted. With EUR weakening, many see this uncertainty as crippling focus on growth , with many Eurozone countries finding themselves ever closer to recession. The question this week is depending on the votes in parliament, do we see a breakout from the current floor of 0.85562, or a rally back towards 0.86. Average volatility for the last 2 days stands at 0.0161, 3 times the 30 day average.



With the EUR weakening YTD, the DAX has seen gains in the same period creating an ascending triangle, opposite to what we saw above. Essentially with a weaker currency, investors have seen this as an opportune time to invest. The resistance of 11864.00 which hasn’t been broken since October 2018, will this week see this happen? Or will history repeat itself as we saw the last 2 occasions this resistance was tested, with a sell-off ensuing shortly after.



Show CommentsClose Comments

Leave a comment

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.