With the Fed's quarter-percent rate cut, gold should move upward for the near future. The move likely won't last, because further rate cuts are not expected this year, but it should be good for a short-to-medium-term trade. To sustain its upward move, gold needs to get above the high-volume support node at $68. I will buy a bar close above this level. I've also...
XAU Gold Miners - Short Term Peak @ Late October Fed Mtg
Copper is interestingly a great gauge of economic health coming from Asia, and also a relevant view on global growth / inflationary expectations. We've been battling two head and shoulder formations since the GFC. First, the very large commodity bubble formed a big head and shoulders that peaked roughly around 2012, a time where China had maxed out its credit...
LINK to the article : www.linkedin.com Hope this idea will inspire some of you ! Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
The fact that there was no fundamental force majeure yesterday led to the “calm” Wednesday. In fact, the last statistics outcome prepared in line with forecasts as well as UK inflation rate. After crossing the new local Minimum yesterday, the pound “changed the situation” in the afternoon. So, we recommend looking for points for its buying. Traditionally we...
Inflation expectations and Oil are rising once again but DXY is not following and seems stronger than this relationship implies
Donald Trump wants to devaluate the US dollar. From the South China Morning Post: "The euro – which has dropped nearly 10 per cent against the dollar since early 2018 – is 22 per cent undervalued versus the greenback, according to a purchasing power parity measure of the Organisation for Economic Cooperation and Development. The dollar itself is considered too...
Inflation expectations and oil prices declined significantly. DXY was showing the path as predicted. There is no clear signal from this relationship now
DXY and inflation expectations are diverging once again, just like early 2017 and mid-2018. Divergence is not extreme yet but I fear we might be walking into another trap. DXY is once again showing the path imho, so oil and inflation expectations are once to high and should come down unless dollar reverses quickly.
This is a basic chart for educational purposes. The arrows drawn are not predictions, merely possibilities. There are two scenarios I see potentially playing out: 1. Deflationary crash. I don't think this is the most likely scenario. The Federal Reserve would have to continue with monetary tightening by allowing interest rates to rise and they'd have to be very...
Here is a look at a prediction I am making. I dont usually do this but since its not really a price prediction I am gonna throw this out there. The golden cross worked well with BTC and many other Alts so I am keeping an eye on this. We have already seen a 25%+ increase over the past few days. Maybe this was in anticipation of the future golden cross? Maybe not....
This is an excerpt from MACRO BRIEF: Divergences of Belief & Expectations originally published on March 26, 2019. Trends in energy prices are likely to stick around leading into the summer, but it should be pointed out that another divergence is forming: inflation expectations and eurodollars. This particular divergence is interesting because the complete...
Gold's consistently making lower highs, price seems to waver around this new level of resistance.
Great profits made this morning after last nights spike. This came after the NZ data showed inflation. I will start posting more as soon as I place these trades, last nights NZD was just a quick trade with proper risk management.
In the past couple of moths the euro was breaking to the south. However USD is getting dovish tones from Fed and the economy. This current situation is way too 50-50% for me to take part. Risk event : Wed, EU CPI data -> if softer, euro will suffer Trade plan - wait for the direction of the breakout - if clear fake out signal appears -> trade it - otherwise,...