Continuation of idea below. Consolidating beneath a large order block.
Full short elliot waves setup headed to 44000 to 48000 USD is finally here!. Some many bullish comments you heard: "november 80k"...."December 120k target cause stock to flow model"... too much FOMO I presume. We strongly believe on an end cycle have been reached this time and Bitcoin needs to correct 20% - 35% at least to keep an ascendend steps like it was in...
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 British pound has extended its losses in the Friday session. GBP/USD is currently trading at 1.3445, down 0.41% on the day. It's been a miserable week for the British pound, which is down 1.76% this week. The driver behind the pound's slide was the BoE meeting, as policy makers caught the markets off guard when they opted to maintain the cash rate at 0.10%....
With its back up against a wall, the US Federal Reserve has pledged to begin tapering its asset purchase program. Beginning later this month, the Federal Reserve will reduce the number of US Treasury Securities it purchases each month by US $10 billion and the number of Mortgage-Backed Securities by US $5 billion. How did the USD react to the Federal Reserve...
The euro is down considerably in Thursday trade. Currently, EUR/USD is trading at 1.1550, down 0.53%. Earlier in the day, the euro fell to 1.1528, its lowest level since October 13th. There were no surprises from the Federal Reserve meeting, as policy makers trimmed the QE programme by 15 billion dollars/month. The move was nonetheless highly significant, as it...
The markets are likely to choose a directional price path after the announcement and press conference that will wrap up around 3 PM Eastern. While the market is pricing in hiking, it’s not actually pricing in tightening. Or to put it another way, it’s not pricing in the kind of move that would meaningfully slow down growth or inflation. Aspen Trading S/R levels...
EW Count ....FED doesn't see any inflation therefore why not bring us a new QE program and shoot us right up into hyperinflation I would ask? Gotta pump up those portfolios of the FED members before leaving the burning house...
I think we are nearing the end and just like the Federal Reserve help to put the bottom in in March of 2020 I think they are going mark the top in at the end the this year making (2021). How the mechanisms work in short. At this point in a long-term economic cycles you seen the financilization of everything near the end of the dominance of economies that only...
The VanEck Gold Miners ETF has had a countertrend rally this month, rebounding from a 17-month low. But now could be the time sellers return. The first pattern on today’s chart is the $33.25 price zone. GDX bounced at this level in November and July. It marked the high in early September and seems to be resistance again this week. Next, stochastic has been in an...
Technical Analysis and Outlook: As to technical analysts, the next drive higher will meet the target of Key Res $65,990, and retest of completed Inner Coin Rally marked the same. The downside support is Mean Sup $57,400 and Key Sup $ 53,900. However, the present fractal model suggests that the next significant target of interest will be the Impending Outer Coin...
FED Transitory narrative does not seem to play out
Bitcoin has completed our Inner Coin Rally of $62,560, and it is in pullback mode - target Mean Sup $56,450 and Buy Zone. The next upside target is Key Res $63,750 with an extension to the next Inner Coin Rally $65,990.
Looking for new ATH's within a month. Expecting Powell to use very moderate language to give the Bulls one last hurrah.
DXY to 80! Is it possible you may ask? From a technical outlook DXY has finished an ABC pattern and was rejected at the .386 fib level. From a fundamental perspective the FED will be last in raising it's rates compared to the major Central Banks. We already see BOC and other majors reducing their asset purchases and plan to raise rates soon. I can see this move...
The meeting of the members of the Federal Reserve was held today at 17:30 Iranian time. In this post, we will analyze his speech and the direction of the market. Remarks by Mr. Powell US Federal Reserve Chairman Jerome H. Powell said in a statement today: 1- Inflation is expected to decrease 2- Trying to control inflation and employment 3- Reduction of...
FED has on the 22 of september that from november of this year onwards it will no longer inject as much liquidity into the market as it used to do, and it also announced that it will raise interest rates sooner than expected, further increasing the demand for US dollars, and theoretically reducing the price of bitcoin. The interest rates hikes will start on 2023,...
Lots of volatility for the next eight months on the US 10 year treasury. Overall rates are moving up, but a couple dip opportunities to lock in your borrowers rates, not a financial advisor, just my thoughts.