DXY daily time frame as we wait for cpi this tuesday march14th 2023.
Before we start all views are my own and are based from my overall personal research. As we have covered in previous markups and breakdowns we are taking our major lows on the larger timeframes on the DXY. Here we have a pretty simply markup here for DXY iam only looking at this for a short term idea overall i strongly believe we are set for some serious...
Volatility in many times in the market is bad and the stock market is a mirror of the economy. When you go back prior to the Great Bull Market (1980s), you wll see that there were very wide swings in real GDP. These are the Boom and Bust cycle. Now, as the FED evolved its policies it learned how to contain the market and flatten the Boom and Bust cycle and...
We all know the federal reserve are trying to fight inflation . Last nfp on febuary 3rd 2023 came out hot 517k , this is scary for the federal reserve as they were hiking interest rates at .25 now they are looking at a possible 50bs . If price close below 10927.0 on the weekly there is a high probability, we could CRASH . The daily timeframe is maintaining...
While everyone, including FED, is assuring that banks are adequately capitalised and there is nothing to worry about. These are not good signs. Manage your portfolio risk.
LETS start to buy dollar by today. reasons: 1.Fed testifies that unemployment rate gonna increase. 2.Fed is gonna continuing increase the interest rate. 3.Inflation still high and way far from Fed's target 2. 4.NFT came last month high rate 517K and its highest data until last year June. 5.Today we have NFP data and might be bullish dollar again and even if not I...
According to Elliott Wave analysis, Bitcoin's fifth wave appears to have completed at a high of $25,250 and the price has fallen from that level. The key support level of $21,510 has been broken, as well as the Fibonacci level of 0.5 at $20,363. It's important to wait for a daily close to confirm whether the 0.618 Fibonacci level at $19,209 can hold as major...
On Wednesday, Fed Chair Powell indicated that the Federal Reserve was ready to speed up interest rate increases, if warranted by incoming data. This was a reversal to what the market had expected, with most speculations regarding a possible pivot on the current monetary policy to slow down on future rate hikes. This headline news saw the DXY strengthen...
Inflation ( CPI ) - A Battle Already Lost I've recently shared my outlook on CPI and where I think its headed in the months ahead but after further review, it seems that I've previously overlooked certain signals which should have altered my perspective in a way that it did not. Based on discovery of those signals, I have now updated my anticipatory CPI chart...
Last week, the US30 index tested a key level of 32500, and despite bullish efforts to maintain strength, we were unable to break below it. Instead, we saw a slight relief rally to end the week at the 33400 level. As we entered the new week, our main bias was bearish, but we had to remain adaptive due to the upcoming FED speech and jobs data. Powell's hawkish...
As you can see in the chart, it would seem that history is repeating itself a little on the PA There have been many that look at the PA from 2013 and draw similarities but I've not seen this and so I will post it again It Must be noted that there is a tolerance of 7 days to these numbers as a weekly chart has 7 days, but its near enough as you can see Using...
IF fed increase 50 BPS The XAUUSD will be in bearish trend Below 1805 Target 1770
EURUSD - It's at a very important area! EUR - We are currently at a very important support area of the range. What's happening to the market fundamentally? Yesterday we had a very Hawkish Powell, as I mentioned in my previous post we had the indication of 25 basis point but I did mention we could perhaps change to 50 well.. embedded that in and we had a...
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Here is the cause of inflation - OIL As its price rises, initially, nothing changes ( Arrows) But once the increase in cost is begun to be felt Retails prices rise to cover increase costs of manufacture, transport, staff Staff demand more wages so they can buy goods Repeat Then The FED comes in , raises the cost of Borrowing, putting pressure on retail to...
Gold prices came under pressure on Tuesday as the U.S. dollar strengthened across the board following the Federal Reserve Chair's semi-annual testimony before the Senate. At the time of writing, the spot price XAU/USD is trading at $1,818 an ounce, 1.55% lower on the day, having hit a one-week low of $1,815. The U.S. dollar rallied on the back of hawkish remarks...
DXY 4 hour PA coming into an area where it is getting squeezed, Currently may reach 104.7 before it faces rejection or needs to push through long term resistance today / Tomorrow Mr Powell ( Fed, DXY support agency) will talk and either upset or support markets with news of the FED opinion on rate rises. Expectation is that 25 points is incoming but some talk of...
COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) and Gold Options ( COMEX:GC1! ) Gold is often hailed as an effective hedge against inflation. It generally increases in value as the purchasing power of the US dollar declines over time. Does this still remain true? Since January 2013, the US Consumer Price Index increased 29.4% cumulatively, while the 10-year total...