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,...
The Nasdaq 100 index NDX confirmed an inverted head & shoulders pattern breakout on the hourly timeframe to support a short term upward correction that may test 13,100 supply area as a minimum target within the broader downward trend.
Nasdaq 100 climbed 320.53 points or 2.62 percent on Tuesday to settle at 12,564.11, just a few points off the day's high.
Scene 1
Darth Powell summons the legends of the past to formulate the plan to fight the Omicron and Inflation insurgence.
Brigadier Bernanke, General Greenspan and Veteran Volcker report for duty.
“We are at an event horizon, what should we do?” declares Powell.
“Pretend it isn’t happening”, says Greenspan
“Bailout everything, print more money,” says Bernanke
“I...
Today is FED's Interest Rate decision.
We're expecting to see a rise from 0.5% to 1%.
A rise will definitely happen but what's more important is by how much and when would be the next one as well.
Technically, we're in a strong downtrend which is more likely to continue therefore we should see lower values.
The Interest rate decisions normally cause big moves...
Note that we have a few market moving events today :
- Jobless claims
- ECB & FED chairs speaking (Powell, Lagarde)
It's important to emphasize, such events have a tendency to be volatility triggers, it's much less important what is said and done - Majority of impact is volume and technicals.
Volume because everyone is trading and there's big swings and...
The euro has started the week with sharp losses as it struggles to stay above the 1.07 line. In the North American session, EUR/USD is trading at 1.0717, down 0.73% on the day.
On Sunday, President Emmanuel Macron won a decisive victory over Marie Le Pen of the extreme right, by a score of 58% to 42%. The markets reacted with relief rather than elation, given...
DXY D1
Would love to see this pullback to the recently broken resistance zone, i.e. latest support zone.
Ideally would like to see that sooner rather than later as we are seeing GBPJPY pick up nicely, GBPUSD is sat on 1.30 daily support. Makes sense.
HI GUYS Powell is giving a speech in a few minutes. It seems that the dollar index can rise to 99.8 under the influence of Powell's words, but it will fall in the coming days.
GBP/USD has resumed its upswing after a quiet start to the week. GBP/USD is trading at 1.3261 in the North American session, up 0.75% on the day.
It was just one week ago that the pound was in the dumps, falling to the symbolic 1.30 line. Since then, the currency has gone on a tear, gaining around 2%. With plenty of turbulence and uncertainty, from the Ukraine...
- Sanctions, led by the U.S. in hopes of punishing Russian aggression may NOT have the impact the U.S. is hoping for? Could they actually backfire?
- Saudi Arabia rejects Biden's request for talks on increasing oil production and instead announces that they are considering accepting Yuan instead of dollars for Chinese Oil sales (per house rules, links to sources...
Earnings were not kind to $LCID.
Lucid Group cut its car production forecast for this year by as much as 40%.
The company cited supply chain constraints and parts quality issues for slashing production to between 12,000 and 14,000 vehicles, down from initial expectations of 20,000.
“This reflects the extraordinary supply chain and logistics challenges we’ve...
Long before Putin rolled his tanks and 180k troops into the independent and democratic nation of Ukraine, there were rightful concerns about inflation and its effect on the US economy. The war in Eastern Europe has served as a convenient distraction for us while we laugh off Jerome Powell's 'transitory' inflation comments.
There have been some indications that...
Guys, we have to be very careful discerning what is meant when our government encourages still more regulation. And who are actually the terrorist? Will all crypto holders who oppose the type of regulation that is being proposed suddenly become the terrorist or Putin sympathizers? If regulation proposals are left unchecked and unchallenged, this very well could...
As you can see the price returned to it's bearish OB zone and reacted negatively ... I ecpect the price to fall more and reach to its bearish targets . First target is 0.7205 and second target will be 0.7175 !
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⚠️ This Analysis will be updated ...
👤 Arman Shaban :...
It just gets curiouser and curiouser.
Will Powell act? He is definitely no Volker! About 1982, under Volker, 30 year rates hit 18%. What next: a long period of low rates with catastrophic inflation or ...
door #2 - Higher rates and a stagnant or falling market.
I may be wrong, but I suspect the FED doesn't want to hurt THE MONEYED CLASS unless they have to.
