I remain short in NZDUSD, in fundamental NZD inflation rate is higher than USD although its interest rate is higher than USD too. the clear target is at 0.72366
While it doesn't look like gold is going anywhere lately, its priced is being pushed down by a rising dollar. Despite a strong dollar, gold has been moving sideways for a year. Global QE is reaching ridiculous levels and rates AREN'T RISING. Here is a view of the dollar neutral Gold and the relative performance of Gold priced in euros relative to the Euro currency.
If Price Closes within the range, The Pain could be closer to $100M, in Options Premium. If it breaks Lower limit, there will be a quick rally, because of option defenders. Similar to the linked post. This particular setup I look for is hard to find. So far I do not have a scan. Would be awesome if one exists. GL folks
This monthly chart of IEF - an ETF that tracks the performance of 7-10y U.S. Treasuries, shows that despite the media talk about rising rates, the upside trend in treasuries could have some more time to go before starting to go south. The MACD is positive with no bearish divergences, the Stochastic is still not entirely in the overbought state. Basically no...
RBNZ Interest Rate Decision - there has been speculation that the bank will cut rate today. In anticipation of this most of the NZD pairs have shown NZD to be weak as other have gained. However, looking at all NZD pairs it seems that the gains have been of the corrective nature. Therefore, if the rates are maintained there could be spike in the prevailing...
I just longed the USDJPY at 106.920. Drawing a support line on the 4hr chart, along with the Fibonacci Extension, the target profit for this trade will be at 109.720. Join us on Facebook at www.facebook.com
The ichimoku chart shows that DOWI will go a little bit on the upside, but indicators show that there isn't a lot of room left on the upside. Tenkan Kijun twist may occur inside the cloud wich would announce a soft upside. Having an eye on the Kumo cloud and particularly on the next days show that there is a twist and confirme a reversal, at least a correction...
I think it will affect to try 2,25 resistance after moving up the channel. Divergencies at CCI and RSI confirm it. What do you think?
In principale market has already priced ECB interst rate decision i.e to lower the interest rate and refi rate to negatif. Therefore is no decision is taken, Eur will jump high against USD. If the decision of ECB is limited to interst rate cut, then, there may be a swift move down to 1.355 or even bellow to 1.352 but the buyers will come back on the market,...
First of all, I emphasis that interest rate of NZD (3%)is 12 times as much as USD(0.25%). Non farm payrolls have grown dramatically, but USD index do not rise up. So we are sure that market payrolls figure is not a sensitive matter. CPI is the key to let FED to rise interest rate. FED keep interest rate before CPI rise above 2%. It means non-us dollar...