Despite sharp inflation, the Bank of Japan (BOJ) left YCC unchanged on March 10th. This was Haruhiko Kuroda’s last meeting as BOJ Governor. Japan is still struggling to stoke growth at risk of sustained stagflation. Hence, his decision to leave rates intact was no surprise.
Kuroda left the YCC unchanged. Analysts expected him to scrap the YCC so that the new...
In this week’s case study, we analyse a long position on Micro WTI Crude Futures (February) with a potential target of $82.30/barrel and a stop loss at $67/barrel, yielding a reward to risk ratio of 1.15.
Last week, we delivered a case study with a short position on WTI Crude Oil futures with entry at $77.80/barrel and exit at $73.65/barrel. This worked as...
BACKGROUND
Bitcoin (BTC) price has been in decline for the past year with price crashing as much as 20% on a single day in June. Still, the low set of $17,750 on 18 June (Saturday & hence unseen on CME chart) has turned out to be a resilient support level.
BITCOIN PRICES RESILIENT RELATIVE TO S&P500 (SPX) and NASDAQ-100 (NDX)
NDX and SPX with which BTC is...
Weekly gold analysis
📌 Key points and overview:
Technical view, can range between 1730$ and 1764$
Any lower than expectations can be a helping hand for gold to rise, and any US data more than expected can be a downward pressure for downside gold.
📝 Fundamental Analysis:
After the sharp rise of gold, last week we saw the correction of gold in the range of 1730...
For readers who have been following us right from our first ever TradingView idea, you’ll recall our first ever trade idea on long USDCNH. It’s been a fun 5 months writing and sharing our thoughts with the community.
Much has happened since April, but two critical things stayed the same. The US Federal Reserve remains hawkish, raising rates, while the PBoC...
