Technical Analysis and Outlook: In this week's price action, Bitcoin rapidly moved towards a Mean Support level of 66700 and, in the process, established a new Mean Support level of 65600. This new level is being used as a base to ignite the bullish trend further. Currently, the market is experiencing consolidation, with the expectation of moving toward reaching...
ECONOMICS:USCPCEPIMM Core PCE prices in the US, which exclude food and energy, rose by 0.2% from the previous month in December of 2023, aligned with market estimates, and picking up slightly from the 0.1% increase in November. From the previous year, Core PCE prices edged 2.9% higher, undershooting market estimates of 3% to mark the lowest reading since...
Technical Analysis and Outlook: The S&P 500 index experienced a change in direction during its journey toward a Mean Support level of 5177 and bounced back to retest the Key Resistance level of 5260. The current upward trend indicates that it will reach the target of Outer Index Rally 5280, which has been long-awaited, with a high possibility of continuing the...
Technical Analysis and Outlook: According to the Daily Chart Analysis for the week of March 22, the Eurodollar has successfully completed a Squeeze Currency Dip of 1.078, which was the primary target. Consequently, this momentum is projected to generate further selling pressure, leading to a decline to the Mean Support level 1.070. Ultimately, the Eurodollar is...
Technical Analysis and Outlook: Bitcoin has achieved a decisive breach of its weak Mean Resistance level 68400, and is now eying the completed Inner Coin Rally 72500 and significant Key Resistance level 73200. The market anticipates that attaining these levels will set in motion a major bull run, with the primary target being the Inner Coin Rally 78200 first....
The bigger the pattern the bigger the consolidation the more explosive the move how about this Chart Porn? Cup and handle I expect the log tgt not only to be made but surpassed given yesterdays event's in #baltimore Yup Massive east coast supply chain disruptions to be expected Ports jammed Aviation fuel disruptions Major economic ripples could transpire...
Technical Analysis and Outlook: Bitcoin has dropped significantly from a Mean Sup of 65900 to a Mean Sup of 61300, where it is currently gyrating. The upcoming retest of the Mean Sup of 68400 will be crucial for continuing the bull run. However, before the bull run takes place, the coin might retest Mean Sup 61300 and, in the process, complete Outer Coin Dip 57200.
Macro Monday 39 (Part B) This chart is a summary of the past two weeks of work in Macro Mondays on the EU Sentiment The Chart illustrates the forward looking Euro Area ZEW Sentiment Index (red line) and the current sentiment outlook via the Euro Area Economic Sentiment Index (the "ESI", the blue line). In the chart I have used thick orange lines to illustrate...
Technical Analysis and Outlook: The S&P 500 (Spooz) index has continued to move on to new highs in this week's trading session. The current squeeze movement is posed to target Mean Sup 5177 with the possibility of extending the squeeze to the next Mean Sup 5120. On the upside, the Spooz is aiming for a newly created Key Res level of 5260, which is anticipated to...
Technical Analysis and Outlook: As presented in the Daily Chart Analysis for the Week of March 15, the Eurodollar is moving to Mean Sup 1.080. The current projection shows Squeeze Currency Dip 1.078 as the primary target. This could lead to further selling pressure, resulting in a decline to the Mean Support level of 1.070 and the ultimate outcome of an Inner...
ECONOMICS:JPIRYY Japan Inflation Rate Lowest in A Year The annual inflation rate in Japan fell to 3.0% in September 2023 from 3.2% in August, pointing to the lowest reading since September 2022. Meantime, core inflation rate dropped to a 13-month low of 2.8%, slightly above market consensus of 2.7% while staying outside the Bank of Japan's 2% target for the...
- The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose at their recent monetary policy committee meeting. The bank made the shock decision to raise borrowing costs a half percentage point, taking the official rate to 5% ; double the size of the increase anticipated by most economists. BoE hiking interest rates to 5% , it adds...
U.S Initial Jobless Claims Rep: 187k ✅ Lower Than Expected ✅ Exp: 207k Prev: 203k (revised up from 202k) A positive release today with initial claims coming in much lower than expected. Chart Trend We are very close to taking out the lows from Oct 2022 at 180k claims on the chart. Importantly these charts do not update with revised figures and factoring in...
The Federal Reserve left the target for the Fed Funds Rate ECONOMICS:USINTR unchanged at 5%-5.25%, as expected, but signaled rates may go to 5.6% by Year-End if the Economy and Inflation do not Slow down more. It is the first pause in the tightening campaign following ten consecutive hikes that lifted borrowing costs by 500bps to the highest level since...
The inflation rate in the United Kingdom remained stable at 6.7% in September 2023, holding at August's 18-month low and defying market expectations of a slight decrease to 6.6%. Softer price increases in food and non-alcoholic beverages (12.1% vs 13.6% in August) and furniture and household goods (3.7% vs 5.1%) were offset by a smaller decline in energy costs...
ECONOMICS:JPINTR -0.1% November/2023 The Bank of Japan (BoJ) maintained its key short-term interest rate at -0.1% and that of 10-year bond yields at around 0% in a final meeting of the year by unanimous vote, as widely expected. The central bank also left unchanged a loose upper band of 1.0% set for the long-term government bond yield. The board said that it...
Hello everyone, this is not a usual trading analysis. So don't take any trades from monthly levels, as you can't manage the risk at all. What you can see is my try to figure out how the DAX went through different states of price development and really interesting to see is, that every big crisis ended one phase and opened a new one. In my point of view we are...
Technical Analysis and Outlook: Bitcoin has reached our target, the Inner Coin Rally 72500. It has since dropped significantly and is now hovering around the newly established Mean Sup of 65900. The upcoming retest of the Mean Sup of 65900 will serve as a crucial point for continuing the ongoing bull run, which aims to achieve two more targets: the Inner Coin...