Long term trend reversal evident, PSU Banking sector tailwinds. Long term targets marked.
In this video I explain the current state of the Bitcoin market as seen through the lens of the latest pattern found in the forecast model, "The Lightning Volume". The Federal Reserves interest rate policy continues to create considerable headwinds for the Bitcoin price. When could it end? Watch this video and let me know your thoughts? Thanks for watching!
NSE:CENTRALBK Date: 03/07/2023 --- Disclaimer: This is just my observation, please do not consider this idea as financial advise. It is important that each individual should due his/her own due diligence before taking a financial decision, more so in the money markets! --- The uptrend seen in the chart is reflected in the RSI. This indicates a good...
Long Term Bull run is intct, thougfh short term the wave cycle can still take it to sub 1900 levels. Wait for the big signal to go Long. Resistances Galore at teh current levels.
A little adjustment to gold, we have seen a nice correction from latest weekly resistance test down to previous weekly resistance (now support) confluence zone sits on our 1780 handle, whole number price, with weekly and hourly s/r. Healthy 50-618 correction from recent bullish breakout. Lets see where this H1 closes.
GBPJPY H4 This is what the third entry point would look like, very similar theme to to previous entry point #2. Principle is exactly the same, selling pressure outweighing buying pressure, support breaks with subsequent retests. Indicated expectations, lets see what unfolds.
Surprise rate hike! The Bank of England (BoE) delivered an interest rate hike of 0.15% during their monetary policy announcement last Thursday. Out of the nine committee members, eight voted for a rate hike while one voted for rate to remain unchanged at the previous 0.10%. All nine members voted for no change of corporate bond purchases at £20 billion and UK...
As widely expected, we see a further tightening of monetary policy from the Reserve Bank of New Zealand (RBNZ) during the meeting on Wednesday. But the decision did not gain any positive market reaction for the New Zealand dollar as the 0.25% hike in interest rate had already been priced in. It was a 0.50% hike that the market was yearning for. Once the market did...
Fed starts tapering! The long-awaited taper meeting has finally arrived! The Federal Reserve announced during their monetary policy meeting on Thursday that it will begin slowing down its net asset purchases by $15 billion per month which comprises of $10 billion Treasury bonds and $5 billion agency mortgage-backed securities. The first round of tapering will...
The Reserve Bank of Australia (RBA) concluded its monetary policy meeting on Tuesday with no change in its weekly A$4 billion bond purchases, aka quantitative easing (QE), while holding interest rate unchanged at 0.10%. What has changed during this meeting is the ending of the central bank’s yield curve control (YCC). Dropping the YCC It all began when the RBA...
AUDUSD H4 I'd like to see something like this unfold on AU, as mentioned in the technical rundown, dollar gained some nice strength off the back of the figures seen yesterday across retail sales and labour data. We saw a DXY upside break, breaking 92.800. AUDUSD respective support saw a downside breakout just like NZDUSD, retest has been seen, just looking for...
GBPAUD H4 As mentioned in the technical rundown, this was yesterdays trade of the day, I managed to bank 1.5R on this after pushing circa 2.2R profit. Couldn't optimise the close, but caught the biggest and fastest chunk which I was happy with. GBP inflation data out this morning showing positive signs and outperforming analyst expectations. GBP positive, but...
The ECB’s decision. The European Central Bank (ECB) held its interest rates unchanged during their monetary policy meeting yesterday. Main Refinancing Operations Rate: 0.00% Marginal Lending Facility Rate: 0.25% Deposit Facility Rate: -0.50% The size of its quantitative easing (QE) programmes remains unchanged as well. Asset Purchase Programme (APP):...
GBPJPY H4 Recently bloodbath for these ***YEN pairs, but we can simply follow our trading zones and see where we start to exhaust and trade the corrective move up to the previous zone. AUDJPY looking very similar to GBPJPY. Using 80.00 psychologically number and previous low as support.
Bank of America discussed its expectations for tomorrow’s SNB meeting in a recent note to clients. Bank of America noted: We expected the SNB to keep its policy on hold, ie, the deposit rate at -75bp paired with discretionary FX interventions. Unlike the ECB, where the reaction function has become more opaque again, we are relatively confident that we have...
USD / TRY is already triple (D1-H4-H1) overbought. If the the first D1 candle close above the north BB, the course probably turn to the middle band. Target price is 7.30000. Technical resistance: 8.50000 (magic number) The currency pair can turn earlier, if the TCMB make a verbal or non-verbal intervention. Be prepared!
Big volume coming into the mining sector thanks to Buffett and Sprott kicking off the buying spree
M2V most recent data is from December 2019. It is likely near zero at the present moment. Some voices are saying that the Fed liquidity and balance sheet expansion is inflationary, but the charts tell a different story. The velocity of M2 is in complete freefall. We have reached the point where interest suppression is no longer an effective tool for monetary...