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Rob Booker’s Review of 2020

Twenty Twenty is a year that has opened up on the verge of considerable political turmoil

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2020
Twenty Twenty is a year that has opened up on the verge of considerable political turmoil creating a volatile market for investments, in particular, the Forex Trade. It is this turmoil and its impact on the value of three major currencies in the market that is the main focus of the Review for 2020, given by Rob Booker, recently.  Pixabay

 Updates and projections for the upcoming year feature all kinds of data based on the political and economic scenarios. Reviewing some of the projections and concerns raised in the latest video by Rob Booker, it is evident that in the forex trading market, several anomalies could tip the balance of the currency rate either way.    

Twenty Twenty is a year that has opened up on the verge of considerable political turmoil creating a volatile market for investments, in particular, the Forex Trade. It is this turmoil and its impact on the value of three major currencies in the market that is the main focus of the Review for 2020, given by Rob Booker, recently.  

According to Booker, the three major currencies that could behave unpredictably are the British Pound, the Canadian Dollar and the US Dollar. These three are the main currency pairs that attract investment. However, the profitability of investments will depend on the response of the market to the political instability and the turmoil that may or may not result as a result of three political and economic scenarios. 

The main events that will have an impact on the currency pairs USD/CAD and GBP/USD are the Non-Formal Payroll Report (NFP) that is coming out in the context of the instability that may arise in the US as a result of President Trump’s impeachment, the potential for a war between USA and Iran,  the Bank of Canada interest rates and Brexit. 

2020
With the start of the new year 2020, interest in business, currencies and how they will trade in the current year is the hot topic. Pixabay

As appropriately pointed out by Rob, the successful impeachment of the 45th President of the US by the House of Representatives has opened a trial in Senate for abuse of power and for blocking Congress, against Donald Trump. How the US economy reacts to this will become evident in the Non-Form Payroll Report (NFP), which will determine how the US Dollar trades in the Forex markets. 

A second politically explosive situation is the threatened war between Iran and the US. Motivated by the airstrikes on the Iraqi airport that killed a significant Irani general, the tensions that emerged saw the Iranian head of state promising vengeance against the US. If this situation escalates, then it is evident, it would influence the value of the US dollar.   

The second event, Rob, points out as key indicators of future investments is the interest rate set by the Bank of Canada. As these interest rates will determine how much money will flow freely in the market in the current scenario.  

In this context, Rob Booker identified the trade between the currency pair USD/CAD  is poised at a critical stage. He uses the shoulder-head analysis technique to determine the bullish-to-bearish trend reversal for the USD/CAD currency pair. The currency pair are exhibiting a traditional technical pattern, where the currency exchange is set to move potentially either showing a bearish trend down to the 1.26 level or on the other hand, the pair could climb up to the 1.34 mark, which is a climb of 500 pips and which could potentially act as a great point of resistance. Here, Booker advises a wait and watch strategy as soon as the rate climbs up to the 1.32 mark and then making a decision about securing your investment.            

Finally, the third unpredictable situation that is set to create a volatile marketplace is Britain’s exit from the UK with no deal. If there is a smooth transition and confidence in the British pound remains unaffected,  then there will be no effect on the currency pair USD/GBP. However, if there is some trouble or an unprecedented reaction, to Brexit, then it will affect the value of the British Pound.   

The projection given by Rob Booker  – how you can learn more about on the Rob Booker Trading Podcast – using the head and shoulder pattern to identify the future trend for the currency pair USD/GBP for the specified period is that if there is a strong job report and there is political instability regarding the no-deal Brexit, then the value will come down to the 1.22 mark. The counterbalance figure for this currency pair in the event of a weak job report from NFP and there is no impact resulting from the British political scenario, then the pair could go up to 1.35, and it could go on increasing for some time. However, Booker advises that investors should wait and see how it pans out in the coming weeks as there is likely to be less trade based on these currency pairs. 

Analysing this information in comparison with projections made by two forex trading experts, we found that this analysis of the market for the two currency pairs USD/CAD and USD/GBP was generally held to be true and their projections of how the currencies would behave are quite similar. G10 Forex Index for 2020 predicts a bullish climb for USD/GBP to a 1.40 mark and a reversal mark at 1.29. For the USD/CAD pair targeting 1.30 as it continues its breakdown, and the risk is set at the 1.32 mark.   

 For a review of how the two currency pairs behaved in the first few weeks of January, we studied the data from a forex website. The 100forexbrokers.com highlighted the recent rise of the British Pound against the US Dollar by 10 points totalling it near 1.3100. However, they projected that “it may remain bearish because of the higher low printed in the recent upside move”. The price may also face a horizontal resistance around the 1.3144 and 1.3165 marks, and then the December 13, 2019 mark of 1.3514. Secondly, the support levels may help sustain its value with strong support around the 1.2919 and 1.2551 marks.  

Dollar, Currency, Money, Us-Dollar, Franklin, Seem
According to Booker, the three major currencies that could behave unpredictably in 2020 are the British Pound, the Canadian Dollar and the US Dollar. Pixabay

Presenting the data by 100forexbrokers.com in the analysis of the currency pair USD/CAD, the Forex market showed an increase in the price to more than 1.300. However, the website projects that this currency pair will also follow a bearish technical bias.  USD/CAD current price is set at 1.3022 and the resistance levels marked near the 1.3052. The major support levels have been identified at the 1.2950 and 1.2727 point. 

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There is a lot of material on the internet claiming to give authentic reviews of the trading trends and markets usually accompanied by the disclaimer that history is not a predictor of future trends and most advisors analysis is based on these back trends. In any event, the data speaks quite clearly for the projections and the patterns of behavior observed. Both currencies have seen little trade, as investors have generally chosen to wait and see what happens at the political end.         

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Samsung India Grabs Top Position in Refrigerator Market With 33.9% Market Share

Catering to the need for varied designs and patterns, the line-up will be available in new design patterns, in 253-litre capacity

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Samsung
Samsung on Wednesday introduced India's first frost-free refrigerator with base stand drawer, in which people can store non-perishable itels, and five-star direct cool single door refrigerator lineup based on new 2020 Star Ratings. Pixabay

Samsung India on Wednesday said that it grabbed 33.9 per cent market share in the second half of 2019 (July-December period) to become the top refrigerator player in India and aims to secure 35 per cent market share in the first half of this year.

According to Raju Pullan, Senior Vice President, Consumer Electronics Business, Samsung India, the feat has been achieved across models and the new range of refrigerators provides meaningful ‘Make for India’ innovations that not only offer more storage space but are engineered to consume less energy.

“We achieved the top slot in the Indian market in H2, 2019 with securing 33.9 per cent market share. With the new range, we expect to garner 35 per cent market share in the first half of this year,” Pullan told IANS.

The company on Wednesday introduced India’s first frost-free refrigerator with base stand drawer, in which people can store non-perishable itels, and five-star direct cool single door refrigerator lineup based on new 2020 Star Ratings – apart from the Curd Maestro refrigerator that will not just preserve food but also prepare it.

“We now see great demand coming from smaller towns where people want more storage in refrigerators. Our new range is an attempt to address those needs,” said Pullan. The frost-free refrigerator with base stand drawer gives it a tall-boy design preferred by Indian consumers.

Catering to the need for varied designs and patterns, the line-up will be available in new design patterns, in 253-litre capacity. The five-star direct cool single door refrigerators are in line with new 2020 Energy norms with capacity of 198-litres.

A solution to long power cuts, the model comes equipped with digital inverter technology allowing the refrigerator to run on a home inverter as well as solar energy with reduced power consumption. The new lineup comes with 10-year warranty on the compressor and digital inverter technology with stabilizer free operations.

Samsung
Samsung India on Wednesday said that it grabbed 33.9 per cent market share in the second half of 2019 (July-December period) to become the top refrigerator player in India and aims to secure 35 per cent market share in the first half of this year. Wikimedia Commons

“The 2020 line-up is uniquely designed for extra space and also sports the next-gen horizontal curve door design along with the ‘GARO’ handle, a first for the Indian market,” informed Pullan.

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The new refrigerator line-up is available across retail channels and on Samsung Shop and will range from Rs 17,990 for the new 198-litre direct cool single door refrigerator and Rs 45,990 for the smart convertible 5-in-1 model. Curd Maestro models will be priced between Rs 30,990 and Rs 45,990, said the company. (IANS)