technically we see a nice fakeout above trendline and so a good trap for buyers.
Absoprtion took place and its more likely to see a falling pound vs the australian dollar during a risk-on-sentiment in stocks.
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Market Correlations and Yields
The Canadian dollar is highly sensitive/correlated to oil and natural gas prices, as Canada is a big producer of both. Hence its economy is influenced by fluctuations in their prices. Higher oil and natural gas prices usually help the Canadian dollar and push the USDCAD lower.
I have plotted the natural gas, oil and Canada/U.S...
“Correlation statistically measures the strength of a linear relationship between two relative movements of two variables and ranges from 0 to 1.”
In general, assets with a correlation above 0.5 or below are considered to have strong positive/negative correlations. Conversely, a close-to-zero correlation indicates no linear relationship between two variables, and...
CB's are stepping to stop the bleeding the question is can they really do it. Right now the fears of Coronavirus are finally making sense with the VIX and officials being forced 2 take any emergency actions to mitigate risks of a run away pandemic. However if any further news drops about potential risk to leadership we can be back at lows in moments. 2018 lows...
Hello everyone. US 10Y yield and DXY(Dollar index) are the two I always keep close eyes on. As I mentioned previously, it's a risk-free rate that impacted a lot of things, e.g. stock valuations, loan rates.
The below line chart is one of my favorite that I created for cross-check US10 Y yield, Nasdaq and Gold. Normally, US10 Y yield goes the opposite with...
According to ICJ a trough is behind us that's for sure, the question how far are we from a top such
fast and hard drops or spikes in this index are very tricky to read/analyze & just comparing it with
2018 we would understand why !!!
• If price corrects and a tight one hour flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Using USD Index to see where price is going on USD Pairs.
4H Triangle/Pennant. Bullish Trend Continuation.
Daily Bollinger Band Breakout. Major Move.
Weekly created a double bottom/W pattern and mirrored other side.
Expecting USD to be very strong.
Any pairs with USD at the end will be having strong Sells coming.
Any pairs with USD at the beginning will be...
Alibaba is off the road...
looks like total crash, like Bayer after the Monsanto deal...
But Alibaba got no endless billion dollar legal proceedings!
Alibaba got a protected billionen chinese market plus a growing part of the world....
The problems with the allmighty Xi Jingping dont making so much noise...
The user data part is under political control, so the...
Major trendline resistance was broken recently at 51k level.
We may be in a mid-cycle peak on to the way up to 180k-200k until ~Aug 2022.
Would still remain cautious atm as the traditional markets are undergoing a major 100 year-cycle correction that could drag $BTC with it.
But, there is a chance that every asset on the traditional market will get tokenized,...
With the release of the 2021 Nintendo OLED Switch, and the holiday season being right around the corner.
The release of the new switch is rumored to be in a few days.
Right in time for parents to begin researching new consoles for the HOLIDAYS.
The OLED display is a beautiful piece of engineering that will continue making Nintendo a leader in the Gaming...
Hi guys , how you doing ? I hope the bests for you all .
as we all know oil price have risen a lot recently as Europe and the world face energy problems and high demand for oil and also gold price has fallen sharply recently due to stronger dollar in the forex market on Monday ...
everything has became a little complicated for me
Hello everyone. The US 10Y yield formed a really big bullish candle on last Thursday, with Fed didn't take any action on tapering.
On the daily chart of the yield, we can clearly see that it firmly left the 1.3% bottom level. If it conquers 1.5% level, 1.7% and previous high would be retested then. The good economic outlook and inflation pressure is the main...
Just have a small thought about the negative correlation between the U.S. Government 10YR bond and Bitcoin. do you see any correlation and what do you think for next month?
some useful links:
July 14, 2021
Fed's Powell says economy 'a ways off' from bond taper, inflation to ease
WASHINGTON, July 14 (Reuters) - The U.S. job market "is still a ways off" from the...