Silver has been in a bear market for 8 years. It will very likely not break through this strong resistance order block on first try. $14.00 level will provide a nice take profit opportunity or long entry.
Investors lose on both equity and bond markets as rates are rising and the economy globally is cooling down. Gold has been forgotten for years, good chance it will become a darling in 2019.
My price target for XAUUSD: $1360
A lot of indesecisiveness in the DXY since the last FOMC meeting where they decided to leave rates unchanged. Source CNBC article states ," the committee is widely expected to approve an increase at the September meeting and a tweak in the language from the post-meeting statement could be a nod toward more monetary policy normalization."...
With interest rates rising — and deposit rates staying at low levels — the company has been able to generate substantial profits
Net income jumped by 33% to $6.8 billion in the last quarter
"Yet it seems like a good bet that the momentum will continue. The Federal Reserve has indicated there will be two rate increases this year and another three in 2019"
Bank of England (BoE) meeting minutes 12:00 UTC today (2nd August)
Two Catalysts for EUR/GBP
1) BoE will announce its interest rate decision at 14:00 UTC+2 on 2nd of August. Markets are pricing 80-90% implied probability of a rate hike to 0.75% (it is 0.5% now).
From reported economic indicators, the unemployment rate remains glued at 4.25% and wage growth has...
This is one of the few indicators that gives genuine sentiments about the highs or lows made in the stock market. We broke through significant highs in the SPY but the HYG which is a high yield cooperate bond etf didn't budge. Before the stock market rallies this one should rally first.
The pound still seems to be stuck in the bearish channel, we will need to watch this over the next few weeks as fundamentals and Brexit talks are going to play a major role in the direction this currency is going to be moving. The most important thing to lookout for is the chance of an August interest rate hike from the Bank of England, this could send this pair flying.
The graph has just formed a morning star as the price touches the support level of the bearish channel and the price was also touching the oversold level on the RSI. This means that the price is getting ready to change direction and we might see bullish moves over the coming days. This pair has been looking very interesting lately after the BOE (Bank of England)...
The violation of $1,294 can lead gold prices towards $1,289 and $1,281. Whereas, the bullish breakout will open a room for buying until $1,307 and $1,317 today. Investors will be watching very closely to see if there’s any forward guidance that will intimate a possible fourth rate hike into the year-end.
So with a strengthening oilhttps://www.tradingview.com/i/cMNVpsmr/ , why are we having a downtrend , the markets have not yet decided thus I will wait to see , where the markets will move , then I will take a position based on that .
Oil should continue its bull run higher after a short correction. Saudi's seem to be finally getting their act together, and with power consolidation, should be able to limit supply enough to continue this rebound in prices this year. Fed's higher interest rates should dampen the response from debt-laden shale producers. These should set up for long-term higher oil.
Morning outlook - EUR/USD prepares for EU Min Bid Rate
As it was expected, a pressure from a combination of the 55-, 100- and 200-hour SMAs neutralized any further attempts of the currency pair to slip to the bottom. The exchange rate even managed to from a junior ascending channel and bypass the weekly PP at 1.1918, fluctuating within it.
Today will be the...
Crucial levels 1220 and 1194.
Fed raises rates at March meeting and fundamentals are bearish but gold is already bearish few weeks so we will see how much space it have to go down.
In the other hand if it breaks 1220 this correction could show us uptrend again.
Stay nautral for now.
Hey traders what I'm looking at in this chart is a potential Bearish Trend Continuation Trading Opportunity on the AUDUSD. Price action has provided a little bullish relief after the Friday Job's report and as we get a retracement back into previous structure levels we're offered an entry opportunity for anyone looking to get involved in a bearish move.
Mar.10- Based on the price action throughout the week and the NFP results today a Fed RATE HIKE could be coming next week Wednesday (Mar.15). Looking for a trend reset on gold after this weeks heavy bear move to the 1215-1225 zone. Depending on the Fed rate hike we could see a continued move down from that zone to back under 1200 if they do raise rates.
We have seen continuously diverging swings for facebook for last several weeks, the new short (114.5) and long (124.95) are watch level for next two weeks until year ends! the long position is expected to fall upward to median probability, however stiff plunge can lead to downward level of S2 and S3 around (111). Due to stronger dollar as of december 14th, it is...
The US Dollar spiked strongly upon the announcement for the Federal Reserve to raise interest rates (earlier today). This could be a Leg 1 = Leg 2 bear extension. Throwing up 15 minute chart for fun. Let me know if you like the 15 minute charts by liking this one. Thanks!