This trade is worth taking if the following happens . If Interest rate increases < expected . If news is less hawkish than expected . If bullish news for EUR occurs - e.g war outlook improves - drought worries go down Will post a trade plan for bullish usd news soon
The British pound has jumped 0.82% today, as the currency has rebounded somewhat from its worst week of the year. GBP/USD plunged 2.53% last week, as the US dollar has found its mojo after weeks of beating a retreat. GBP/USD has climbed today after US New Home Sales dropped to 511 thousand in July, down from 585 thousand in August and well below expectations. UK...
In this video I breakdown some headlines to look out for that should move the oil market one way or the other. I also run through the USD situation right now and explain how that could create moves in the oil market. Then I run through the chart to show you what I'm looking for to enter a trade.
It is time to pause, I will look into and analyze history'because as they say "history does not repeat itself but it rhymes" I would like to present the comparison of the SPX with the fall suffered in 2007. If we take as a reference the fall of the Great Recession of 2007, it was a fall of 57% during 518 days that means 17 continuous months of fall, the situation...
I miss the days when presidents would visit an aircraft carrier and declare their mission has been accomplished. I guess you can say Jerome Powell has accomplished his mission by returning the S&P to its 10 year trend channel when he turned hawkish back in January. See my Bear Case for January Analysis I posted below. This chart is an update for one of my...
Simplicity is king. 1) Rising wedge 2019 - 2022 - Jan 2022 breakout down. 2) Nasdaq is falling from a crazy over-priced high, big potential downside. 3) Descending trend-line of lower highs since breakout confirm down-trend. 4) Current trading range of the down-trend is 14,600 - 12,800 5) Break below 12,800 - 11,900 to 10,700 will very likely follow. 6)...
Jerome Powell speaking today, market have setup perfectly to react to what he has to say
Jerome Powell, chairman of the FED yesterday basically confirmed a May rate hike. But ask yourself seriously - Is inflation going to go away due to this? Will this save a bleeding economy? Gold practically called the bluff on FED's comments AND the rising bond yields. As you can see, post FED meeting we have the Gold keep the support trend-line since the start...
Time again to keep an eye on the price of GLD! There are many factors that come into play with the price of gold. Our outlook remains bullish here technically and fundamentally. With the Fed having printed TRILLIONS over the last couple of years due to the pandemic they have drastically increased the supply of the dollar. This act has of course contributed to the...
This market has been pumping non stop for a couple years now, but it's foundations are just debt and printed money. I hope that the economy doesn't collapse because, well, that wouldn't be too fun, but with an RSI as high as this and a 25%+ gain YTD in the middle of a pandemic, I don't think this can go much further. Let's just hope that Jerome Powell stop's...
Welcome back, ETH has converged into a crucial zone between the 60 Day (white) and 500 Day (orange) Simple Moving Averages. We have not seen a close below the 500 MA since April 21, 2020, and this may represent a reversal area for the downtrend beginning back in November of 2021. We tested this metric with a false break wick just days ago on 03/07/2022, and we...
The dollar has hit it's target up. What does this mean for the markets? Where do we go from here? What will JPOW do with interest rates? Will the FED use the conflicts in Ukraine as an excuse NOT to raise rates 3 times? Let's talk about this.
The price action of the USDJPY is currently attempting a breakout above the 23.6% Fibonacci retracement level at 115.665. Bullish pressure was bolstered earlier today following Fed Chair Jerome Powell's hint at a very likely rate hike by the end of the month . If the breakout is successful, the price action will re-test the previous swing peak at 116.300. If...
Now that the Federal Reserve seems committed to raising interest rates in response to inflation (something that they denied was a problem during 2021) we're going to see a shift in the way money is talked about in the near future. What does this mean for crypto, and the greater economy, overall? - The US growth and assets markets have been driven strongly by the...
Now that the Federal Reserve seems committed to raising interest rates in response to inflation (something that they denied was a problem during 2021) we're going to see a shift in the way money is talked about in the near future. What does this mean for crypto, and the greater economy, overall? - The US growth and assets markets have been driven strongly by the...
It's probably going to be a tough market in the short term, but the interest rate hikes of 22' is exactly what the economy needs right now. Reducing access to cheap loans should curb the frenzied markets, at least somewhat. (Though given how low the rates are projected to be, probably not enough.) What does this mean for crypto? Well, that's the big question...
Hello! SP500 has a possible inverted head and shoulder . If we do break the neckline and close above it . Easiest way to take a trade ( at least for me ) is with break and retest . That's how you can get really good risk/reward ratios , you wont get bull trapped and that also teaches patience. If you are/want to be a swing trader you need to have...
The price action of gold is currently consolidating around the 61.8 per cent Fibonacci retracement level at 1780.92. A potential breakdown below it could lead to a test of the previous swing low at 1758.65, whereas a rebound from it could be followed by another attempt at penetrating above the 200-day MA (in red), currently underpinning the resistance level at...