Hi, Friday rally into supply in my opinion, so one more dip down possible ( equal waves ) Buying dips towards 1,5500/1,5450 stop below 1,54 first target 1,5900/1,6000 Good Luck
In a recent post, I showed the strong correlation between inverted real bond yields and gold and silver: The hot inflation data yesterday and today drove nominal bond yields sharply higher. Bond investors demand higher yields when inflation is hot, which is why nominal yields rose. The rise in nominal yields broke a trend line. Here is the trend line break on...
Inflation is erosion of the dollars buying power: ( when consumer prices are changing (rising) faster than the value of the dollar.) One way to quantify this is the ratio between the Dollar (DXY) and CPI (the Consumer Price Index). A decrease in this ratio is consistent with the concept of inflation As of August 9th 2020 two analysis below (A & B) show** the...
We are looking to buy GBPAUD, with the occurrence of AUD CPI that is still an uptrend. The uptrend will continue to develop through time of the entire day. Tp: 1.807 OR ABOVE
The markets continue to grapple with the immediate effects of the Coronavirus. The second wave in pockets of the world has forced cities to take active measures to control the virus. Melbourne, Australia has gone into a secondary lockdown while Florida and Los Angeles see cases surge, with the Mayor of Los Angeles stating that the city is “on the brink” and a...
I was previously looking for a test of the lows (See link to the previous post). It has taken some time to resolve but after a break of the support, the move is now ready to occur. There has been negative divergence on the volume RSI and CPI has been weaker than the market.
Based on the two news for USD on CPI and FOMC, we are looking at the one and four hours chart to see a decline trend on price. Therefore, we are looking to sell. TP: 1.27 or below
The European economy is recovering, with the consensus of new stimulus packages, trading big volum and Stock pattern showing that this is a good time to buy vs many stocks. CPI pattern : Triangle Symmetrical Buy : $38-$39 TARGET : $58 (+-2) STOP LOSS : $36 Wish you good deals!
After the selling climax (SC), we have seen an automatic rally (AR) and another attempt to move higher on an upthrust (UT). Now are looking for a test of the lows as part of the trading range that has formed with the SC low and AR defining the boundaries.
This chart is a follow on from my previous chart "Fools Gold?" and is an additional visualization to help us understand the relative value of Gold through recent history when adjusted for inflation. I've also added Silver in for comparison.
GBP/AUD Short Daily in ob levels cci and rsi in my os/ob setup GBP will be bear at interest rate economic calendar release AUD release will be bullish CPI QoQ and MoM
The US CPI figures and Retail data points should give the USD a boost if they come out as expected. The last FOMC meeting also comes with economic projections for 2020 and this is where the USDJPY could find the momentum to rise. If the UK elections go as currently forecasted with a Conservative majority, the Japanese yen should not be the go-to safe haven,...
Citi has not shut up about their GBP bullish picks for the end of the year. And they might be on to something this time. This could be the trade of the year. Brexit will be a better deal than expected. Trump will exploit the window of vulnerability to push headlines for a new 'bilateral' or nafta plus option. The rumor alone will be good and it really isn't on...
EURJPY is floating around key levels, on the higher timeframes we can see a great price action setup, We have euro CPI news tomorrow so I will look for an entry after
Will be looking to enter long with this setup, as we've tracked it's downward price action so far into our buy-zone shown in the original chart posted a few days ago. This entry will be provided in our telegram as a buy signal with entry, specific stop loss, account management info, and fundamental data. It's important to remember that CPI numbers come out in 1...
Consumer Price Index news coming out at 9:30, after some analysis expecting GBPUSD to sky rocket after news release.
On Wednesday 13th of November there will be major USD news (CPI m/m and the Core CPI m/m.) I'm expecting this pattern to complete on that same said date. I'm expecting the actual value to be less than the forecast which would then push UJ to the downside. I would suggest however to take note of this, wait on the news to be out and if the actual value is less than...
As we can see from the chart above, the cross reached a very important resistance first established back in May as a support and tested in June; the "change of polarity" happened in July, when price dropped of more than 4% in 2 trading weeks. As the saying goes: "the first test never fails"; it didn't indeed. We could be in front of a retest of the resistance,...