If we take a look at the current interest rate, the unemployment rate and the price of the SPX and look through the historical data.
We see a common pattern -> Increase in interest rate, followed by a period of plateau and just at this point the unemployment rate increased steeply -> followed by lower lows for the SPX and the market overall.
If we consider this...
1) NEWS TO NOTE:
THE FEDERAL RESERVE AND THE BANK OF ENGLAND INCREASED INTEREST RATES BY 0.75% EACH WHICH STRENGTHENED USD AND GBP WHICH IS BAD NEWS FOR GOLD.
JEROME POWELL (CHAIRMAN OF FEDERAL RESERVE GAVE A VERY HAWKISH SPEECH A COUPLE DAYS AGO IN WHICH HE AFFIRMED THAT INTEREST RATES WILL BE RISING WHICH ALSO STRENGTHENED USD)
TODAY (FRIDAY 4TH) US NONFARM...
Gold spiked higher with a weak rally testing and breaking $1640. The Kovach OBV has picked up slightly, but we have no indication of any serious momentum that can take us up to our target of $1683 just yet. We still must break through $1658 and $1670 first. A red triangle on the KRI is confirming resistance at current levels. We anticipate $1629 to hold as a...
The technical figure Triangle can be found in the daily chart in the French company BNP Paribas S.A. (BNP.pa). BNP Paribas is a French international banking group. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate &...
We could potentially see GJ fall back down towards this level marked.
Short Entry - 165.6
Stops - 166.1
Target - 163
Drops could potentially run further after IR BOE Decision.
The US Federal Reserve hiked interest rates by 75bps, taking US rates to 4.00%
In the accompanying statement, it was stated that "In determining the pace of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and...
Yesterday, the interest rates were raised by 0.75%.
That led to move towards the parity and a big rejection wick- just as expected.
Aggressive entries could've been made right after the news.
We can now expect that this downside move will continue.
The next confirmation would be after a test of 0,9870 and another rejection.
In order for this move to...
As I explained in my last post earlier today , the internet rate hike may not necesarily ensure a bull trend because as in nature , the laws of moving averages and other indicators must eventually be respected and followed.
The candlestick did Indeed fall bellow a support key level on the 4hr chart following the spike upwards of the bars pump.
I still contend...
EARLIER, i had posted saying if the us markets goes further down what will be there point. (check the link section)
lets go on further,
recession means what earned everything lost, reached its breakeven point. what profit gained has gone away, with net having no loss and no profit.
FIBONACCI ANALYSIS: Fibonacci describes this statement in a very beautiful...
This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price.
Really short FOMC Report...
SELL @ 1660
Sl @ 1684
Tp @ 1600
USD interest rates decision due later on today which I expect USD strength from. Giving sl plenty space to avoid being taken from wicks which may be caused during the event.
Today, we have news that will determine the next move on the dollar.
There is a higher probability for a strong USD but the market could also surprise us and that's why it will be probably best to trade after the news.
The main sell scenario would be to wait for price to reach the parity level and leave a rejection wick there.
However, if it reaches the...
The DJI after this mini-bull run makes many people get confused about the economy and, if we are in the bottom of the correction but the things is this movements aren't natural and are made just for make think the people the situation is under control and ¨this gonna be temporary¨ but the reality is this are just the first consequences of 2008/2020 and the massive...
Hello friends.
i saw a big and bad shape marobuzu candle.
did you see it?
we back under MA55 and after a pullback to it (22100 level) i think
we should preapre to breakdown 20500 level and go toward 19000 again.
please control your Risks.
Protect from capital is the first step for any trader and investor.
be patience...
we dont have good economic conditions.
and...
This week, we have FED Interest Rates.
This is the most important event for the market right now!
We're probably going to see big fluctuations in price and the best opportunities will be after the news on Wednesday.
One option is to wait for EURUSD to go near 1,0090 and see if there will be a rejection during the news.
If price action confirms the entry,...
The technical figure Triangle can be found in the daily chart of the Spanish company CaixaBank, S.A. (CABK.mc). CaixaBank, S.A., is a Spanish multinational financial services company. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers, and has the most extensive...
