I've been saying for some time now that Dow Jones has _no_ relevant resistance till 40k and now here we are If that resistance fades quickly then the next relevant resistance is at 45k and probably most retailers will come up with excuses to short it the whole way there also "But how did you come up with that number?" See for yourself heh this is a very clear...
I've posted a BTC chart here last cycle, showing the weekly and monthly RSI cheat-sheet of where to buy and sell, and I trust it served many well (see the related idea below) The key to anticipating cycle targets ahead of time is the adoption curve, which is actually a straight line on a chart with log on both axes, but without log on the date axis (unsupported...
What a difference 11 hours makes. The 1 & 2 Yr #Yield are STILL under resistance & are weakening. 10 & 30 Yr completely reversed once markets opened. But this tends to be normal, pretty frequent. This is why waiting for a CLOSE is of utmost importance. IF we CLOSE here, last night's thinking is NO MORE and the best plan of action is to WAIT. TVC:TNX
Let's keep looking at #InterestRates. Gives us an idea of what the Fed may do. The 1 & 2 Year are still under their RESISTANCE level. Struggling a bit, but not breaking down. Trend is still there, weak though. 10 Yr looks like it wants to break the resistance zone. 30 YR looks like it's gone. Does not look like it wants to retrace at the moment. #FederalReserve TVC:TNX
The euro is showing little movement on Wednesday. In the European session, EUR/USD is trading at 1.0777, up 0.05%. Inflation in the eurozone continues to decline. March CPI eased to 2.4% y/y, down from 2.6% in February and below of the market estimate of 2.6%. This matched November’s 28-month low and was driven by the continued slowdown in food inflation....
This was supposed to be tomorrow's post but since it looks as if the breakout could be underway as I'm typing I'm going to make it right now I'm annoyingly accurate and can see things in the market that nobody else can so at this point if you aren't following me here you basically hate money Some very notable calls in recent years: SPREADEX:NIKKEI and ...
I haven't posted on TV since Dec 2022 as I've been posting elsewhere (check my profile) but I'll begin duplicating some of my calls here and continue if I gather a decent audience here I'm annoyingly accurate and can see things in the market that nobody else can so at this point if you aren't following me here you basically hate money Some very notable calls in...
The British pound is steady on Tuesday after starting the week with losses. In the European session, GBP/USD is trading at 1.2563, up 0.09%. On Monday, the pound fell 0.57% and dropped as low as 1.2539, its lowest level since February 14. Inflation in UK stores fell to 1.3% y/y in March, according the British Retail Consortium (BRC). This was below the 2.5% rise...
On the back of strong prices data which were not really consistent with the temporary relief in inflation but rather calling for a sustained trend. US30Y is likely to revisit new high, breaking our
I have been following this stock for some time, and it is getting better and better. their long standing goals, producing commercial, industrial-grade niobium, scandium products are coming to fruitition. This includes securing the finances to embark on the endeaver (unofficial). In the mining scene we have to be wary off the juristiction/country the mine is...
Technical Analysis and Outlook: According to the Daily Chart Analysis for the week of March 22, the Eurodollar has successfully completed a Squeeze Currency Dip of 1.078, which was the primary target. Consequently, this momentum is projected to generate further selling pressure, leading to a decline to the Mean Support level 1.070. Ultimately, the Eurodollar is...
Recent remarks made by Masato Kanda, Japan's vice-finance minister for international affairs, have led to heightened cautiousness regarding potential actions by authorities to support the yen through intervention. The USD/JPY has comfortably surpassed the 150.000 threshold, which historically has prompting interventions by the Bank of Japan to limit the weakness...
The Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 151.36, down 0.03%. Bank of Japan core inflation fell to 2.3% in February, down from 2.6% in January and shy of the market estimate of 2.5%. The release further complicates the inflation picture in Japan, as we continue to see inflation indicators heading in all...
Throughout US economic history Only high real rates has brought down inflation i.e Interest rates ABOVE the rate of inflation obviously this will induce demand destruction and a decline in the earnings of companies Lower p/e's and lower prices across the board. #FinancialRESET #HOUSING #Nasdaq
by the Politicians, Talking heads and Bankers. Governments can only Tax, Borrow & Spend Central Banks can only Print & Lend. If this index were to rise by the average of 43% You are looking at the CPI Index hitting 372 by Jan 2030 There is every likelihood this decade, will be a higher than average inflation rise. You must save in scarce Assets #Gold &...
ECONOMICS:JPIRYY Japan Inflation Rate Lowest in A Year The annual inflation rate in Japan fell to 3.0% in September 2023 from 3.2% in August, pointing to the lowest reading since September 2022. Meantime, core inflation rate dropped to a 13-month low of 2.8%, slightly above market consensus of 2.7% while staying outside the Bank of Japan's 2% target for the...
The US Federal Reserve has kept interest rates steady at 5.25%-5.50% while continuing its balance sheet reduction as planned since May 2023. In contrast, the Bank of Mexico (Banxico) might announce a rate cut tomorrow. It's anticipated that Banxico could decrease its interest rate from 11.25% to 11%, potentially applying pressure on the Mexican peso. This...
The inflation rate in the United Kingdom remained stable at 6.7% in September 2023, holding at August's 18-month low and defying market expectations of a slight decrease to 6.6%. Softer price increases in food and non-alcoholic beverages (12.1% vs 13.6% in August) and furniture and household goods (3.7% vs 5.1%) were offset by a smaller decline in energy costs...