What do the markets care about this week? We have another CPI print on Wednesday, which is highly anticipated. We are in a period of nasty stagflation and the Fed is caught in a difficult position. They want to raise rates further, but the issue is that our cause of inflation seems to be on the supply chain side. Interest rates will do little to combat this. ...
GBPUSD H4 Now this is effectively what we are looking for on a lower timeframe front. Our higher timeframe has seen a daily confirmation, H4 timeframe would be great to see a structure break and retest to confirm a break of this H4 bull trend. Therefore, like mentioned before, leaving the D1 bear trend to take precendence
Life at its core is about trade-offs. Even if you could have everything you’ve ever wanted, you cannot have more than twenty-four hours a day. And so everyday, you make trade-offs, consciously and subconsciously. Do I watch another episode or go to bed? Etc etc For Chairman Powell, it is increasingly looking like a trade-off between saving the global economy or...
The latest (27 July) FOMC press conference COULD be the end of a pullback and the start of a rally in precious metals, as reality starts to set in. (See blue circles) (In purple)10-year breakeven inflation rate. (See next chart)
Euro bulls are having trouble to stay above 250 and I don't expect them to break up towards 300 early next week either, even though they could always surprise me. I expect them to reach 500, but I think its safer to wait for a re-test of parity first or for a clean break above 250, so they would actually manage to stay above. So for me the week will start in...
REAKING: The Federal Reserve raises interest rates by 75bps - that’s two back-to-back, largest since Volcker #fed #FederalReserve #interestrates #rates #jeromepowell #powell #75bps #spx #spy #qqq #tipos #tipodeinteres
KOG Report FOMC: This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. Gold is...
Updating the last analysis : By maintaining the Support of the $1713 to $1718 range, we can expect growth up to $1752 ! If this support is lost, we can expect a drop to the range of $1,694 to $1,700! Be prepared for both scenarios! In the previous 2 analyzes, we were able to obtain more than 250 pips ! Follow us for more analysis & Feel free to ask any questions...
KOG Report FOMC: This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. What a...
We are seeing plenty of volatility from the Australian dollar. AUD/USD is trading at 0.6883 in European trade, up 0.98% on the day. The Australian dollar has recovered most of its losses from Friday, when the pair slipped 1.28%. All eyes are on the RBA, which holds its monthly policy meeting on Tuesday. The meeting is live, as it's not clear if the Bank will...
The pound has edged higher today, shrugging off soft UK releases. Retail sales for May fell 0.5%, and declined 4.7% YoY, below the estimate of -4.5% (-5.7% prior). It was a similar story for core retail sales, which came in at -5.7% YoY, worse than the forecast of -5.1% (-6.1% prior). The sharp declines in consumer spending should not come as a surprise, given...
Sheepishly holding 20k. Possible channel formation if so, but early. Always stay neutral. Play probabilities. Calling short/long is just worthless ego points.
The New Zealand dollar is sharply lower on Tuesday. NZD/USD is trading at 0.6261, down 1.14% on the day. New Zealand data has been mixed this week. BusinessNZ Services Index rose to 55.2 in May, up from 52.2 in April. This points to stronger expansion in the services area. However, Westpac Consumer Confidence plunged to 78.7 in May, its lowest level ever...
The pound is having a quiet week, after some sharp swings last week. Monday was a holiday in the US, and it was a quiet session for the US dollar. The currency markets are calm today as well, with the exception of the sinking Japanese yen. Last week was the turn of the central banks to perform on stage, with the Fed, BoE and SNB all raising rates. All three...
After news of the ECB having an emergency meeting - same day Powell raised rates by .75bps - The Dollar took a cooling session. Possibly due to central banks looking for ways to tackle rising borrowing costs. I don't think the bull run is over for $DXY - it takes is a global recession to see possible all time highs - even higher then the 1980's. Signs are there
✅ TP1 Reached ✅ ~ $ 1831 ✅ TP2 Reached ✅ ~ $ 1842 Last analysis : As you can see, after collecting liquidity below $ 1807, the price faced demand and increased by $ 20, now trading in the range of $ 1827, the first scenario is to rise to the levels indicated on the chart, respectively: $ 1831, 1842, $ 1851, $ 1857 and $ 1863 ...! The second scenario is...
FedEx NYSE:FDX 📦 gave the falling wedge look back in January 2022—after it failed to break-through trendline resistance. Since then, it's been an easy stock to watch bounce around and consolidate into a more defined falling wedge, threatening to break trendline support throughout the month of April. After signaling an inverse head and shoulders coming into...
Hello Traders, -----------> (see picture below for better view) <---------- I just wanted to take a look with you on how Powell Appearances or Fed Minutes & Press conferences have affected price action. Above is a quick look at that and a very near-term prediction of SPY. Of course, Powell is a very well spoken man,...