IRX, the 13-Week Treasury Bill yield has spiked above its relevant highs of 0.05 after the recent FOMC announcement, which hinted of a potential review of the Fed's Target Range for the Federal Funds Rate (now at 0-0.25%) This spike in prices indicates that at the moment the expectations for the rate range hike are present, as IRX is closely correlated to Federal...
To be honest, I dislike the S&P perspective right now . I think the price has extended beyond the bearish point, which is a mistake. The hike is still happening in the near term and the global slowdown hasn't gone away, all the other markets are being pushed solely by the S&P strength and I find this a bad pattern. Also, the chart seems to show a bearish flag,...
It has been a very strong down trend since July 2014, but Uncertainty of FED rate hike and dairy price rose since 18th AUG auction. Traders are taking advantage of strong KIWI and weaker DOLLAR till next RBNZ announcement. Happy Trading; RinaP
EURGBP has broken out of the triangle and has found resistance after the retest at 0.7239. One consideration here is that price may still look to reach the point of control at 0.73042, however the chart seems bearish and with added fundamental issues (ECB most probably extending its asset purchase programme to the end of 2016 and the BoE most probably hiking rates...
Did it this morning and its going to plan faster than I expected (SEE MY TWITTER) so I decided to publish it for now... awaiting for the pattern to be completed and I am going LONG for a long time! but I may take some shorties here on my way down to the 1050 area. so I quialify this as a LONG setup but there are some short positions on its way down...
My projection for 2016. I have marked this as "short" however that is for the long term as I believe it will stay within this downward projection for the entirety of 2016, with the exception of the first month in which some movement outside this zone may occur. Happy trading.
despite my latest bearish views and due to the recent rupture of the 1120 trendline resistance we could still see some Euro strengh from now on. If we dont go back below the 1100 area and we do this "soon" enough then Im afraid the euro strengh will be maintained even with a rate hike (as long as its below 0,25%). On the contrary, a rate hike over 0,25% (0,50%...
On a larger time frame the USDCAD is a Long Trade. This is because of divergent monetary expectations with regard to the BoC and the Fed with the latter having recently cut rates for the CAD and a rate hike being priced in for the USD. This is a technical short off the 1.300 Handle that confluences with the 261.8 Fib extension of the Bearish corrective wave from...
On a longer term scale the GBPCAD is a Long trade due to the divergent monetary policy expectations with BoC that just cut rates and a BoE that is confident about hiking rates in the near future. This is a technical Short off the Session high of 2.03 before taking a Long Position after the technical limits are reached. Most of the technical details are on the...
Update 1: SL was a little too tight. In reality SHort is still in play. SLs can't be moved on TradingView. Update 2: TP was hit at 121.423 Technical Factors: I like the Tweezer Tops on H4. The pair is currently trading below the 200,100 and 50 SMA. They are now dyniamic levels of Resistance. H1 has a number of rejection candlesticks off 122.900...
With interest Rate News buzzing it is time we assess what the markets are going to be doing in this post market update. With June in the rear view mirror and interest rates untouched, it appears we have some time for a little bit of a rally as depicted in the chart above. The Gartley pattern above suggests a move to the 1.618 extension of that BC leg as always....
Fed has been holding rates near zero level since 2008 however in the US several macro indicators are on stable path of growth. Even looking at prices core inflation (inf. exc. food and energy) is at accaptable levels. On the short run a clear sigh of September rate hike can bring USD strenght