BTC has formed a significant higher low, another significant break of the range 41k, and a significant break of the most recent high. Damn good signals. A longer time frame swing trade I believe is on the table, but there's a lot of risk being 12% from the recent higher low. Though you could structure your trade around breaking back below 41k to invalidate. My...
Hello everyone. The dollar index has been up by approximately 4% since June 1st from 89.55 to 93.20, with the support of US economy recovery and fear of tapering. If we look at the chart of gold as below, we can also clear see that the rebound of gold has been terminated and it fell from that day. So, the performance of gold would be mainly attributed to dollar...
The GBPUSD pair has formed a double top after a strong uptrend and it is currently in a range zone. If the important news today is in favor of the dollar, this currency will break the trend line and experience a fall. But if the news is to the detriment of the dollar, we will see a rise to the previous level and maybe higher after hitting the trend line.
The Bank of England yesterday left the parameters of monetary policy unchanged. This was expected, since it would be risky to tighten monetary policy when inflation is not yet going through the roof (as, for example, in the United States), but economic recovery due to the delta is in question. Well, there is nowhere to mitigate it, plus you simply need space for...
Yesterday was rich in all sorts of events and new information. Let's start, perhaps, with the loudest one: the growth of Robinhood shares by some unrealistic 65% in the first minutes of trading. Recall that this is the same Robinhood, which went public last week and which turned out to be one of the most disastrous in terms of the results of price dynamics for...
The Dow Jones is near its historic resistance. If today's news is in favor of the dollar, it is likely that this resistance will be broken and it will see higher goals. Otherwise, due to the formation of a triangle pattern, the price rises to its resistance (the probability of a fake failure) and then experiences a fall.
We've already written that the results of the last week are ideal for the growth of the US stock market. But he's not really growing. There is a feeling that the focus of the markets is shifting from expectations of a quick economic recovery to a new wave of the pandemic. It's just that while everything was happening somewhere in India or the UK, in the USA, with...
Usd potential devaluation with money printing goes brrrr...
The week began with a bouncy positive from the USA. It looks like the epic with Biden's infrastructure plan is heading for its happy ending. Perhaps not complete and final, but still. Senators say the $ 550 billion bill, the largest federal spending plan for public works in decades, will be passed within days. The plan, as it stands, includes about $ 110 billion...
Expecting major positvity fundamentally to act as a catalyst to the anticipated bullish reversal within our current descending channel. We would wait for BAR (Breakout and Retest) before scaling in with heavy lot sizes
The past week turned out to be extremely eventful with all sorts of fundamental events of increased importance. The week began with a fall in the Chinese stock market, continued with the announcement of the results of the two-day FOMC Fed meeting, the publication of US and Eurozone GDP data, and all this was also accompanied by the peak of the reporting season,...
The headline: vaccinated people are getting and spreading Delta This afternoon the CDC announced that a Delta variant outbreak in Massachusetts infected a lot of vaccinated people. The vaccines provided protection against death and hospitalization, but less-than-expected protection against infection and transmission. The disturbing data helps me make sense of...
The main event yesterday, after the extremely no results of the FOMC meeting, was the publication of preliminary data on US GDP for the second quarter of 2021. Seeing the published figures, the Fed's position becomes clearer. Everyone expected a powerful leap to the 8.5% region from the US GDP. In fact, it turned out 6.5%. Based on the forecast figure, the data...
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As of this morning, almost everyone from FAAMG has reported with the exception of Amazon. The reporting was excellent, as expected. Double-digit revenue growth, sharply outperforming earnings forecasts - so much more to wish for. Not surprisingly, investor sentiment in the stock market has changed again. This was facilitated by a respite in a bloodbath in the...
The Chinese stock market is in free fall this week. Which looks especially strange against the background of a general increase in risk appetite. But the fact remains, according to the results of yesterday, the size of the fall this week approached the level of 10%. To put it mildly, a lot. The reason was the information published over the weekend about the new...
A ton of volatility again today. So apparently that pump was off some amazon fake news??!! For real?! That's all it took?! Imo lets not ignore the fact a ton of money was just itching to jump back in on any pump. Then some tired old recycled tether news dumps us... I'm pretty over the news for crypto. Think I prefer tracking all this from a purely TA-centric...
What a bloody day for Chinese mainland stock market and HK stock market . The tech stocks, such as Tencent and BABA tumbled by more than 7%. Even value investor favored blue chip-Kweichow Moutai, dropped by over 5% and touched the level below CNY1800 per share for the first time this year. Kweichow Moutai How did it start? It was all related to recent crack...