$TLT moved Higher after #Yellen hiked rates = divergence.
Please like and subscribe if you want more analysis from me... I will appreciate that. Most of the economists gave A to Janet Yellen despite the fact that Fed's failed to tighten financial conditions. Three raises of interest rates since the end of 2016 didn't affect the economy at all - stock market keep going up, the dollar has not appreciated and investors...
Beautiful ascending channel on the daily that reacted exactly at 61.8 fib level. Also the ascending 4-hour channel with the continuous divergence on the MACD, gives good possibility for price to retest the blue bottom. In terms of fundamentals, you should be very cautious on Thursday due to Interest Rate Decisions on both currencies. 1) Never risk more than 2%...
Bearish Bat pattern on the daily could lead price to blue trendline. Wait for a flag pattern before entering with simultaneous RSI confirmation. Since this week is full of Interest Rate decisions, please pay close attention to correlations between your trades to diversify your risk. 1) Never risk more than 2% of your account. 2) Try to be emotionless by applying...
Wedge on the 4-hour timeframe with continuous divergence on RSI could lead the pair to the daily trendline. This move could easily happen till Friday due to ECB's Interest Rate Decision on Thursday. Before shorting, wait for price to confirm the break of 4-hour trendline since a move up, to slightly break the previous high, is still possible. Allow it to breath in...
BOC Rate later today. Market expects the BOC to hold the rate today but a least dovish or hawkish statement are expected later after series of positive economic data for Canada. BOJ as we all know is still deep in their easing zone. If BOC reveal they are planning to raise interest rate in the future, then Boom.. thats as much diverged as it could get in terms of...
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.
You do not need to be a sophisticated Ph.D. in Economics for understand that Raising interest rates is a god deal for commercial Banks but this do not mean than all the commercial Banks and financial Institutions are in a Bull Trend specially because this sector was punishment during the last financial crisis of 2008 and until recently has begun to show strength...
Bonds back to reality, interest rates arn't going lwoer
Market on the 1 day timeframe looks very promising for a resurgence of the pound to go trending up as well due to bank of England raising the interest rate from 0.25% to 0.50% which was done to meet inflation rates. Higher interest rate means higher exchange rate cause people are willing to exchange their currency to GBP to add on interest. This also fits with...
-4Hr: Retest of support line with bullish momentum towards resistance which I feel will retest and gain bearish momentum upon the interest rate decision -Daily: retest of support line - RBA governor Philip Lowe indicated in July that interest rates were likely to remain on hold for a while as Australians grappled with rising household debt, stubbornly weak...
Price has reached the support level with a big bearish candle, after Bank of England policy makers raised interest rates for the first time in a decade. www.bloomberg.com
Buy trade possible from build up of orders at the 0.8740 area however depending on the Bank of England interest rate decision, this may well be an area for Sell trades.
The rising in federal fund rate FEDFUNDS is currently increasing with a mild inflation rate CPIAUCSL . Now we can see a trend that bonds and stocks are increasing altogether. That means the economy has recovered from 2008 crisis. The higher interest rate also means higher return from stock profits. I think the increase in the combination of stock and fed...
Looking to short FX_IDC:EURUSD tomorrow. Scenario 1: EURUSD testing last candle at 1.9800 and a 0.618 fib and falls short from there. Scenario 2: EURUSD pops up to 1.2050 from GDP Results tomorrow and then shorts come into play from Interest rate decision. Will need to be careful with this trade as EURO GDP results may provide a false breakout to test the...
Recently we have seen FX:USDJPY reverse from the Major Resistance Level @ 114.000 with Sellers taking back over bringing price straight back down from the Bullish run we had experienced. This pair has been creating some really nice structure in this current Downtrend with a series of Lower Low & Lower Highs. I believe there is now opportunity to start selling...
Hey Traders, I shared an idea regarding the Dow Jones back on June 9th 2017 & in that idea, I stated that the Dow was forming an Ascending Triangle. I placed a yellow zone on the chart in that idea to illustrate where traditional targets for the Ascending Triangle should be.. The Dow has managed to breakout of the Ascending Triangle formation & has shown the...
This week there are relatively less risk events in the currency market - the only one worth highlighting is RBNZ Rate Statement happening on Thursday morning here in Singapore. Here are a few reasons why I'm expecting the Kiwi to weaken in the near term - 1) We are currently in a 6th swing, thus we are expecting one more move lower since this is not a complete...