NQ and the Balance of Equity Instruments traded to resistance overnight ahead of Today's Macro Data and Fed Chair Powell speaking @ 10:00 AM EST. Kaplan's expected reversal of reversal Taper, came and went. Bullard was extremely Hawkish yesterday. IF Powell is less so, the DX will decline. Financials remain in SELL. Bonds remains in a SELL. ROCs in 10Yr need...
Today we expect Powell's press-conference which at Jackson Hole. This will definitely affect price and provide us with some trading opportunities. However, short-term positions prior to that are quite risky. If you're looking for any day trading opportunities, I would suggest that you wait for that press-conference first. Before that we could see price...
Hello traders and welcome to the grand finale event of the year. Jackson Hole We are nearing the Jackson Hole speech by Jerome Powell, where he will lay the groundwork of the FED's monetary policy & strategy. Jackson Hole is extra important this year, as traders and investors are expecting a change of strategy by the FED for the coming year. The FED-cartel...
It is only a day away from the start of the central bankers' symposium on Thursday in Jackson Hole, Wyoming. Jerome Powell has already been making it clear to the markets for several days that the Federal Reserve's stimulus plan is coming to an end. Stop with the ultra-accommodating policy, zero-cost money and massive purchases of government bonds (120 billion a...
I have set-out my logic in prior posts of how I am exiting the SP500 market from prior longs bought more than 18 months ago - by selling into rallies. If an infrastructure deal goes ahead and debt ceiling issues are dealt to successfully, I will reconsider my current stance. However, I am happy to scalp particularly from needless / senseless market...
The evolutionary break of 1.260x unlocked the floodgates and buyers successfully captured the higher high. But the revolutionary attack would not be complete without capitulation and be as follows: 1. Taking 1.295x (there is no question of having broken above July 19th highs, since sellers have given up a lot of ground for it, will unlock a test of 1.331x as a...
It seems a timely choice to update the dollar chart. Extending the characteristic positioning in the previous euro chart, seems to me to be more in accordance with the needs of 93.75 - 94.00 holding and acting as a reliable guardian for the remainder of August and September, but the threat to an attack higher is real. In the DXY chart, buyers will need to...
EUR/USD is currently at a major support level, it confluences with the DXY at a major resistance. Perfect trade for me :)
***THIS IS NOT FINANCIAL ADVISE. DO YOU OWN RESEARCH AND FORM YOUR OWN CONCLUSIONS.*** Historical Preface: Having just come off an update on policy from a (un-surprisingly) hawkish federal reserve, it's been said that rates are unlikely to rise precipitously until 2023. The news of unlikely tapering sent many of the utilities stocks into a sharp short-term...
Goodmorning traders and welcome to the most important day of the rest of the month. It is exactly 1 year ago when gold made its all time high at $2075. The FED has two targets to raise interest rates and start tapering. The first is inflation above the 2% target per year (currently sits around 3.5%), so that is a check. ✅ The second is that the labor market gets...
Gold has continued it's upward momentum and consolidated above resistance at $1821 after yesterday's FED meeting. Powell gave no indication on when the FED would start tapering or to what extent as despite progress with regards to employment and inflation goals it was suggested that additional improvements would be required. This led to Gold surging and we believe...
BTC is currently in a Bullish Pennant and a breakout here would have an upside target of $46k if it breaks out to upside successfully. There are some key catalysts atm as Powell is giving a speech that is largely dovish at this very moment and could help BTC break out to upside of this current formation. We just closed a 1H Bullish Engulfing candle with high...
It's clear that BTC is headed higher but how much higher? With the onset of all the signs on the wall that Powell will assuredly delay tapering bond purchases which were originally supposed to occur sometime in 1H 2022, the macro thematic picture couldn't get more bullish for BTC ... all the while the SP500 is headed to 4600 by year end and the inflation combo are...
Hi guys, After a well-deserved holiday, a week of acclimatising at home and adapting to current market dynamics, it's time to make some serious bucks from the market. First things first, I want to thank all my followers for following my trading adventure for over a year now. Now onto the meat and potatoes. What is happening in the market? It seems the market is...
Hi guys, The Delta Corona variant is stealing headlines around the world and equities got smashed down yesterday pretty hard. Crypto seems to be getting a beating too along the way and it is not looking pretty in the market. Gold is keeping up pretty well (unlike Silver which is hammered down just as everything else). Time for a follow up on my last chart. Last...
Powell in his testimony to congress yesterday insisted that the rise in inflation which has seen US CPI reach 5.4% is transitory and that there would be no shift in monetary policy. The FED indicated that it would continue it's monthly asset purchases and didn't suggest that it would raise rates sooner then expected. We therefore anticipate EURUSD to keep moving...
We had a great selling opportunity yesterday Now it's too late! We expect that this downside move will continue down to 1,1700, however we suggest that you stay away from selling. Why? -in best case scenario you get RRR of 1:1 and we're looking for a greater one -price is heading down to a strong support which means we could see reversal at any...
The markets are at a crucial spot and Powell is due for a decision soon... The chance of negative rates is low but definitely not out of the picture and if that happens, TLT will pump and HYG/IWM will dump (yes SPY too). Timing will be hard but the pressure is certainly building and is confirmed on the technical side of things. $TLT tested a crucial level at...