Gold price is higher above $1970 during early New York trading session ahead of the Fed. Fed Powell’s speech will be crucial for gold buyers as 0.25% rate hike priced in. XAUUSD tested 1950 support and bounced yesterday which opened the path to $1970. However, a supply zone from May, around $1983 - 1987, appears a tough nut to crack for the XAUUSD bulls. We will...
Interest rates will be announced by the FED today. The news is at 21:00 Bulgarian time, and the press conference 30 minutes later. The only thing certain before the news is that there will be big fluctuations. Therefore, it is advisable to reduce the risk on active positions and not to hurry with new entries. The main option where we will look for trades is on...
Last week I made an analysis on BTC's bearish divergence on the 3-day chart. Seeing the bearish price action we got recently, it seems that this bearish divergence is playing out well. In my eyes, it's very likely that BTC will go down from here onwards. Next target is the dotted purple support line. Seeing there's another FOMC interest announcement tomorrow,...
Over the last year, there have been increasing concerns about threats to the US and global economies, mainly due to all the rate hikes from the Fed and other central banks. However, these fears have definitely not played out, as consumer spending and business hiring have shown surprising durability in the US, despite rate hikes and inflation. Several factors...
Take your pice of the targets :) all in a healthy spot from where we are now Traders are expecting 0.25 fed hike on Wednesday ... a continuation of the pause in rates could see us break this bull flag 3 targets based on bottom of the flag, midline of the flag and top of the flag Let's go!
Coming Wednesday there's another FOMC meeting by the FED. Here they will announce what the new interest rates are going to be. While the FED paused last meeting, the expectation is that they will announce another rate hike. My expectation is that BTC will continue to consolidate around the current area, while traders are patiently waiting for the FED's decision....
Interest rates from the FED and ECB are coming up this week. This will determine the next move in EURUSD. After reaching 1.1274, a correction was initiated, which we expect to continue until the news. The next important support is at 1.1004. We will be watching for a pullback from these levels and buying opportunities.
- Apple Inc. ($APPL) nearing Support Trendline of its Rising Channel. Looking for long opportunities in the short-term, remaining positive TA speaking until the upcoming Earnings Report. Until 3rd of August positive momentum has captured $APPL ; (may be interreupted from Feds upcoming week Rate Hikes Decision) SL is adjustable from here, with the nearest point...
The US Interest Rate chart has been trading within a Descending Broadening Wedge and has recently broken out of the wedge. The target for a pattern like this is typically back to the inception of the pattern, which in this case would be 20%; but we also have an additional variable here, and that's the Potential Logscale Harmonic Formation we've made here. If we...
Yesterday EURUSD reached the support zone but didn’t give a chance for buys. USD interest rates is coming next Wednesday. We often see sideways movements before important news. We’re not looking for new trades at the moment and we’re waiting for the correction to continue.
The 3 & 6Month #yield look similar. The 3M looks just a tad better. The 1 & 2Y ear look very similar RECENTLY. However, the 1Yr is higher than the #BankingCrisis highs. The 10Y TVC:TNX gave a lot back but it's @ support here. Could have some sort of bounce here. But the most interesting chart is of the TVC:DXY US #Dollar. It looks like it wants to bounce...
Last week's US Consumer Price Index (CPI) release of 3% (Forecast: 3.1% Previous: 4%) indicates that inflation growth has slowed significantly, likely due to the compounded effect of aggressive interest rate hikes from the Federal Reserve. This slowdown in inflation growth has also improved market sentiment that the Fed Funds Rate has reached its peak at 5.25%...
As of now, the FED interest rate decision has been announced and the FED has kept the interest rate constant. In addition to keeping it steady, Powell still made harsh and hawkish statements. Personally, I have question marks in my mind about how full these explanations are. Because now the job is not just to reduce inflation and most business sectors have started...
The US Inflation data came in with another surprise lower, declining faster than expected. The Core CPI YoY slowed down to 4.8% in June, down from 5.3% in May. This is the lowest core inflation print since October 2021. This is also the biggest drop since January 2021. On the other hand, the US CPI YoY dropped to 3.0% down from 4% during the same period, posting...
CBOT: 30-Year Micro Yield Futures ( CBOT_MINI:30Y1! ), Treasury Bond Futures ( CBOT:ZB1! ) As a result of runaway inflation and rising interest rates, US home buyers are confronted by high home prices, high down payments, and high monthly mortgage payments. A sneak peek into official housing market data between 2021 and 2023: • Median sales price of houses sold...
Dear Ziilllaatraders, Production Costs: Oil is a key input in many industries, particularly transportation, manufacturing, and energy production. When oil prices rise, the cost of raw materials, transportation, and energy used in the production process also increases. These increased costs are often passed on to consumers through higher prices for goods and...
It has been some time since we delved into the intricate world of interest rates and their prospective trajectories. With the yield curve experiencing significant movement in recent weeks, it's high time we reassess our stance. Following a staggering 500 basis points increase, we now find ourselves potentially nearer to the end of the rate hike cycle than ever...
The consensus is LOWER #interestrates (I mean, they have been around 3.2ish) Every time the 10Yr #yield was in this same situation it FOLDED. Easier to see on daily. However, something looks lil different this time around. Can't make it out on the daily. Let's see the weekly chart. Hmmm... Not yet, but gaining momentum... If the 10 Yr yield starts pumping this...