[Rafe]

Budget 2025: Focus on growth and fiscal consolidation

The street expects Finance Minister Nirmala Sitharaman to walk the path of fiscal prudence as she readies to deliver her eighth consecutive Union Budget on February 1

The street expects the upcoming Union Budget to signal policy continuity for fiscal prudence even as it aims to revive the animal spirits of the economy. Economists and analysts believe the budget announcements will be centEred around the fiscal consolidation path outlined by the government but are likely to continue with the subsidies announced earlier with a continued focus on increasing the outlay for capital expenditure.

https://www.forbesindia.com/article/take-one-big-story-of-the-day/budget-2025-focus-on-growth-and-fiscal-consolidation/95159/1

[Topnine]

This is about 5pm Nigerian time and the USD/JPY is looking good for a buy. The market went to the lowest point at 154.504which is a support area as there was a previous low at that level a few hours ago. Market has risen ever since and is at 154.813 currently. Identical candles in opposite directions are seen forming at the hourly chart.
This fortells a continuation pattern of a buy. New candles usually follow the last candle and head in same direction.

This is what is currently occuring now and price is going towards 155.040 for a few pips before i relax and see if i will find another opportunity to re enter the market.
As i ussally say, don’t overtrade. Just go in for a 2:1 risk / reward ratio and dont trade more than 2-5% of your Account. Slow and steady wins the race, be careful.
Thanks,
TOPNINE.

[Rafe]

India Budget

Budget 2025 speech date and time: When and where to watch

The Budget Session of the Parliament commenced on Friday with a Presidential address by Droupadi Murmu. The session will be conducted in two parts – the first will commence on January 31 and conclude on February 13 while the second part will begin on March 10 and end on April 4.

https://www.hindustantimes.com/india-news/union-budget-2025-date-time-live-streaming-when-and-where-to-watch-nirmala-sitharamans-speech-101738319473912.html

[GVI Forex 2]

Dollar selling, some flows involving yen cross selling suggest month end (rebalancing) at London fixing

[Atodo Pius Ademu Nigeria]

[Edikan Matthew]

Another high probability trade, same criteria, 50 EMA, crossover on the stochastic, entry 3 to 1 ATR, 80% probability trade, risk 5% of your capital

[Atodo Pius Ademu Nigeria]

[Edikan Matthew]

[GVI Forex 2]

USD turning soft with about 30 minutes until the 4PM Londoin fix= but stocks and gold so far stealing the show.

[GVI Forex 2]

Fickle pickle… EURGBP dips to .8361 has seen EURUSD set a new low BUT ONLY MARGINALLY..

Stocks are firmer in what is currently a goldilocks market => tame bond yields, growing but not overheating economy.

[GVI Forex 2]

Star is XAUUSD,,, busting through 2800.

[GVI Forex 2]

EURGBP has moved up to .8369 (last at .8366) ,which has seen GBPUSD trade to a new low for the day whuke EURUSD lag… keep an eye on it as the Londob 4PM fix a=bnearsx as this cross can be fickle at month end.

[Edikan Matthew]

[Edikan Matthew]

Take profit hit

[Edikan Matthew]

[Topnine]

EUR/USD is at 1.03754 and the market looks good for a sell. Mind you, in the past 2 hours market has been on a steady ascention. I have been expecting the decline until a perfect candle emerged. The long sell candle on the 15′ chart and the market took a tumble as expected. I will sell from its present position at 1.03754 and exit at 1.03623 for a small profit and then rest a while.

Mind you, taking few pips at a time ensures that you retain your capital and with good money Management skills you keep growing your Account. Just Trade 2-5% of your capital at most. Being consistent is the key.
I will make further analysis soon.

THANKS,
TOPNINE.

[Edikan Matthew]

Gold above the 50 EMA, stochastic cross over below the 50 line, 3 to 1 ATR, 80% probability, risk 5% of ur account

[Edikan Matthew]

[GVI Forex 2]

USD back to a magnetic 1.45… tgis came out earlkier Nov GDP -0.2% vs -0.1% expected

[GVI Forex 2]

US PCE…in ;ine with consensus forcasts

[Author]

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