As stated on the chart we can see that the price is at a key level, which acted as a turning point in the past and could do the same now as well. As we speak the price action suggests a Morning Star Formation on that level, should the candle close where it is now or even higher. With the tensions on the geopolitical level easing (we can clearly see that with the...
The USDJPY is approaching a key level on the weekly chart at 110.30.
However is this an opportunity to long given the obvious fact that both countries have different monetary policies ?
Or given the fact that Abe's popularity is tanking as a result of the scandal may cause markets to reassess the probability of him seeing his abenomics policies to fruition...
Note$
-I was hesitant to short gold mostly because of tensions with North Korea, however IMO any military escalation from now on is unlikely. Market got used to North Korea shooting wanna-be-ICBMs and missiles every now and then.
-I expect gold to be losing value til next friday
-US inflation data next friday might push Gold up a bit (as per labor report I expect...
Hey all, it's been a quiet couple of days as I've been closing some great trades after having already met my monthly goal. Despite that, I think it's always important to monitor the market for future ideas that may develop when we're ready to trade. CADCHF is showing some signs of being a potentially "safer" medium term idea that should come into play within the...
Geopolitical uncertainty tends to give way to the value of gold increasing substantially. Be ready for major swings in NUGT and play the volatility. I am in @ 10.88, will be decreasing my position @ 11.00 and be fully out up 11.50.
Chart of the day: USDJPY. Safe-haven buying kicked in heavily Tuesday, also giving a boost to other local Asian currencies. Geopolitical unrest levels have risen substantially over the last few weeks: Syria, N.Korea, Russia and this has led to a move to buy those 'safer' assets. Gold, Yen all should benefit from the uncertainty.
On the Kagi chart the Yen is now...
Since late January, the Central Bank of the Republic of Turkey has produced consistent efforts to stabilize the currency. This has produced tangible results with a upward correction although persistent political tensions. Erdogan's referendum victory is likely to be the most market-friendly option. A "No" scenario may lead to early elections and a period of...
U.S. investors brace for mounting political risks as they decode Trump
Quote: Barry James built up his $4 billion mutual fund largely by studying balance sheets, earnings and market share. In the last few weeks, however, he has realized that he must look at a new force in the market: U.S. President Donald Trump.
Trump's unpredictable governing style and...
Gold has a historic relevance as being a price appreciator in times of volatility, geopolitical risk and economic uncertainty.
Current day presents a plethora of risks both economic and political; from emerging market credit risk through to south china sea politics.
Oil, like Gold has benefitted from a fall in the USD which has lead to some price recovery,...
We won't be getting higher than the yellow line any time soon.
With recent events around China's "real" numbers coming in (who knows what's real anymore?) and the issues around oil production (which are NEVER going away b/c in 15 years we won't even need oil anymore), the market is in a major, structure re-evaluation phase. Why?
1. Global unease in the old model...
