QE has ended.
During the monetary policy meeting yesterday, the Bank of Canada (BoC) carried out a hawkish move. The initial expectation from the market was for the central bank to taper its quantitative easing (QE) from C$2 billion per week to C$1 billion per week. However, the BoC surprised the market by bringing its QE to a halt.
Rate hike timeline carried...
Annotations and order details marked for the possible sell setup, another 10 pips upside required for the RR offering of 3R. Ideally would like to see some sort of confirmation rejection too, we have 3 confluences, but still looking extremely bullish.
Lets see if we start to exhaust around this price zone.
1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years.
2. UK 10 Year Bond yields have been rising as a result of high inflation expectations.
3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors...
With high inflation above the Russia Central Banks 4.00% inflation target.
Markets are currently pricing in two interest rate hikes from the central bank over the next 6 months.
This will make short-selling EUR/RUB and USD/RUB very attractive to yield-seeking investors.
In this video, I break down both trades in detail.
Hello Traders! Our First entry is in 120 pips profit. If it breaks the previous high we are ready to enter another buy entry because i am expecting bullish move from AUD After Positive Interest Rate Decision. We are targeting 0.7220. We will Enter more BUYs for maximum profit in this bullish move.
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The Fed meets in 14 days, and futures markets are currently predicting about a 25% chance of an interest rate hike. That would be bearish for gold. Gold will likely consolidate and perhaps even move a bit lower leading up to the meeting as investors start to price in the rate hike possibility. If the Fed leaves rates alone, then gold will move higher.
The USD/JPY is currently in a weak symmetrical triangle pattern, this is also coincidentally where the 25 MA and the 13 MA look like they will be crossing over in the near future (I would moreover say 13 MA crossing above the 25 MA, indicating a bullish play). Also, the Coppock curve is positive, but is slowly reaching prior resistance, so this could mean a...
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...
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.
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.