Main Trading Ideas on Commodity and Stock Market for 08.08.2018


When Walt Disney released positive data about third-quarter earnings Tuesday, it
has a lot to make its shareholders excited.

Many analysts expect 25% growth in fiscal third-quarter earnings a share on $15
billion in revenue. Its stocks are being traded in uptrend since May and the price
grew up to 17% for this summer. In additional to this, the entertainment company
has just concluded a $50 billion deal to acquire 21st Century Fox’s company

Technically, the price has been testing April's 2016 highs, while RSI indicates that
price is in overbought zone. However, we think that it will not prevent the
upcoming growth.


AUD consolidated trying to grow with difficulties after Chinese economic data
released. It was the first most important data release after threats about the
trade war between US and China.

From the technical point of view, the descending 10-week MA, which is shifting to
0.743, again blocking the growth attempts, but there are some reasons to wait
eventually growth. For example, the AUD is in demand with many investors in the
last time because of fears of the trade war. Also the RBA decided to save the
interest rate at the previous level.

So, our targets for
DIS.US – is buying to $130 in the middle-term period
AUDUSD – is buying to 0,75