It ain't easy being DR CAPITALCOM:COPPER Peaked in March 2022, only to crash -38% & bottomed-out in July 2022. Since then it has fluctuated between Contraction (will Global Economy collapse?) versus Expansion (will Global Economy recover?), while also contending with outlook of China's Economy, yeesh lol. Copper's price action has also been compressing,...
While the SNB hasn't really signals any policy change for short-medium term, considering that global inflation has started to cool down, there is quite a chance that they cannot keep hiking rate at some point. Meanwhile, the technical side of it shows a potential buying condition that hard to miss. As you might see on the chart, based on those conditions, I...
Check out my most recent publishing(s) referring to this particular exchange rate in the "Related Ideas" section below if your interested in the USDCNY. I took a closer look at my in-depth analysis over the weekend and felt as though it needed some adjustments (additions*) + further complication.. but its for the better.. hear me out. Ive been spending the...
Notes: Expecting financial markets to rally amid FOMC summer hikes. Entering "Complacency" (June 06, 2022 - Feb 2023) in market cycle. Entering "Anxiety" (Nov. 2022 - Oct. 2023) in market cycle. Hedge Idea (Long): Entry Price: $3,923.00 Entry Date: June 06, 2022 Price Target: $4,500.00 Date Target: Nov. 2022 (Short): Entry Price: $4,500.00 Entry...
If you bought this pair when I first featured it here, you have made money. If you were leveraged 50:1 - which - often is the case in forex, you have likely returned more (% returned) in this trade than what you can expect in three years of investing in a vanilla benchmark-tracking 401K. I remain long USDCNH and will continue to cover it for the foreseeable...
I have been waiting for the moment where my confidence was high enough to say the top was in for most of 2021. The relentless grind upwards has kept providing moments that "could be the one", but all have been quickly bounced before any real technical damage could be done. Hence, we went almost a year from the last 5% SPX correction until now. This will be...
USDJPY looks to be on fire. I am long and looking to test the $145.00 area.
EUR is the most inflationary currency, whereas NZD is the most deflationary. Based on Micro Bias, Global Macro Bias, and other factors... My strognerst number was never assigned to this pair.... Consequently, I will maintain my short position in the EURNZD, and based on current information, we might continue in this manner for another week... Someone among...
This weekend's market is expected to be relatively quiet. They will not produce large effects or move, and they will most likely not affect all pairings. We should proceed with caution, but the New Zealand dollar and the United States dollar have a very high possibility of gaining ground because of recent performance and statistics that I have obtained. After...
I will simply follow up on the previous two weeks with fresh and stronger knowledge, which I will get at the Microeconomic Information/Fundamental Analysis stage of the process. Things are rather straightforward; I don't need to say much since figures speak for themselves, and you can see my previous notion, which I have already shared... If you see the same...
As you can see on the chart for 60 years, the US dollar has been downtrending, but since 2014 the index has come out from under the downtrend line, during the same time the US Federal Reserve interest rate fell from 18% to zero (and now they promise to raise it) What is it, a false breakdown or really from by raising the interest rate Mr. Dollar will start to rise...
China, Europe, Asia, Africa could see a -10% to -22% collapse over the next 60+ days if consumers shift assets away from risks associated with the current COVID & debt/credit issues plaguing foreign markets. China, in particular, could be on the cusp of a "Great Recession". This could drive other foreign markets deeper into trouble in early 2022. My opinion is...
Kospi a canary in global equity market. Ascending wedge break Below 233 EMA Below Ichimoku Cloud Countertrend rally bear flag. The next move should be impluse
Macro currency view and Elliot wave pattern. What currently could be a long-term impulse move or a corrective with a 5 wave internal structure. Wave 3 is an extended not likely to pass my current target.
With recent news of South Korea and Hungary hiking rates (even before this news), I am starting to more seriously consider the possibility that the *rest of the world* could lead asset tapering initiatives, ahead of the US. This would allow for Emerging Markets to stabilize, amid the $Dollar-driven commodity boom, thereby setting the stage for the next several...
#Inflation is cool if you are close to the money printers. I am directly attached to crypto money printers (a form of mining) by buying #HEX shares in the savings pool. No need to #trade (but you could with a small % of your stack)
The Australian dollar has squeezed into an increasingly tight range all year. Futures traders may want to be ready in case a breakout occurs. First, Bollinger Bandwidth is near long-term lows on both the daily and weekly charts. This isn’t necessarily bullish, however it’s interesting when you consider other positive forces at work. One of those items is the...
Notice the major multi-year higher low formed in 2019, followed by the rounding basing pattern and subsequent breakout outside of the multi-year triangle. The higher low in 2019, before the Covid deflation crash, tells me the agriculture complex was already bottoming ahead of Covid and now has a full head of steam. Corn, Soybeans, Sugar, Fertilizer have all...