Tell me what do you think? It's nothing like a normal chart to me!!! Is this a psychiatric attack on GBP?
Nothing goes up forever. We also have the US mid-term elections starting so there is an air of uncertainty around the markets. If the status quo remains politically, the Fed's monetarism will continue and the DXY should go higher. If things change after the mid-term elections, monetary policy may also change. We have to wait and see. Currently, the only people...
Summary The surge in energy and agricultural commodities in the past 6 months had materialized into serious inflation even down to the consumer end across the globe. To cope with inflation, the Fed has begun to raise rate at an accelerating pace. The rise in the interest rate of the USD causes dysfunction of traditional risk haven such as Japanese Yen FX:USDJPY...
> After 3 months of election fraud suspicions/allegations Myanmar military arrested the state leader & president *********************** 2021 off to a good start. Unsurprisingly it has begun. After winning the general elections with 80% of the votes (not counting the fixed 25% the military get) the heads of the ruling party, state leader and president were...
Hello traders and analysts, Here is a view of Netflix, while alot of people are currently restricted to access in the outside world, content is being pushed to online platforms but without an abundance of new content to be completed and provided - re-runs and previous fan favourites will suffice? or will it? Will people scale back on entertainment where people...
The sell off, or correction has begun. Now we are at an interest area now where for the second weekly candle close is bearish. Now to some this is a healthy correction or to others the start of a bearish crash prone to a host of reason which we have explained before. We are continuing to hold short positions - again the long term here is to hold to the low of...
UnitedHealth Group has had an incredibly strong showing this year, and right now it's priced pretty attractively at oversold level on the hourly chart. On its daily chart it's at RSI 38, nearing oversold (RSI 30) but not quite there yet. It also hasn't yet tested its August low of 220.78 or its one-year lows of 208.07 and 216.84. I suspect we'll get a bounce...
hey guys As you all are aware of the political risk that surrounds us every time let it be Brexit or maybe an upcoming Frexit we don't forget to find trade setups & we don't stop trading so lets grab the opportunity & start the week with positive vibes. Coming to the technicals we have a possible move towards the south in the DXY which we still think is active &...