As investors continue to feel nervous about the health of the global economy, the $US10Y-$US03MY curve continues to invert, with the spread plunging below its Monthly Support Level of -0.457 (blue) to reach -0.502, a level that has not been seen since March 2007.
Investors should continue to remain cautious when it comes to their asset allocation, as dark clouds...
A break below 156-ish is bearish in my opinion, and increases the likelihood that IWM will retest the bottom of its descending channel. In addition to that, the RSI is showing overbought conditions. If it breaks below the 156-ish level, I will short it via puts and look for a risk/reward somewhere in that area I noted.
Fundamentally, it all hinges on the Fed...
HELLO EVERYONE, hope all had a great weekend.
Coming to Analysis of GOLD , Following are the data extracted :
1). Price has broken out of a rising wedge structure, and also completed the retest of the same at 50% Fib LEVEL, while the price rejected perfectly.
2). Currently I am looking for a SHORT SELL upto 1447.00 as my targets.
3) On Lower time frame such as H1,...
The FOCM will begin Wednesday evening to make the market and investors understand the next moves for the short and medium term and the ECB will follow the next day. It is very likely that the euro will come out even more devalued at the end of these two days. As the European Central Bank will almost certainly show a weak economic and political scenario in the...
This is an update to previous ideas charted at New Years 2019.
The 10 year yield has been following the path of lower yields in a lock step fashion, however the pace of declining yields is concerning. The 3 day looks like Niagara Falls
Where do we go from here?
Currently, the 10 yr yield is in the middle of the 1 (1.32%) and .786 (1.734%) retrenchment lines...
If price stays above orange trendline we are looking to buy below the central weekly Pivot of next week (in the green zone).
This means we are looking to buy Friday afternoon/evening (before market closes) and/or Sunday evening when market opens again.
Wait for correction to the weekly central Pivot of next week, then Sell between the 21/34 EMA and below the weekly M3 of next week .
Conservative target is M1 of future weekly Pivot and agressive target is at S2 future weekly Pivot .
Shorting Euro is generally a good idea these days because you also get money (Swap) from most brokers for holding the position over night.
The price touched the support area set at 1.112 with a post-conference Draghi spike. Causing the stop loss closing on our trade. After it return immediately to the closing level of yesterday's session .
Technically, this pair is in a stalemate taking the last six months as a time reference. In fact, the trend has no longer taken a specific direction, continuing...
USDCAD Weekly chart gives us an indication of overall price momentum to the downside as price has retested the weekly resistance zone of 1.35200.
Overall a break in upwards channel from
1.34150 has seen USDCAD sustain its shorts over the last 3weeks.
After a break - Price will usually form a pullback/consolidation zone. Perfect for re-entries.
A Weekly Pullback...
This is just a short update (1 minute read)
Gold has broken out of the ascending triangle due to the FED's recent dovishness. However, after July how likely would it be for the market to have new expectations ex. rates below 2%? How long it would it take to get there?
Hence, it seems that GOLD is projecting a Bullish CONE in the Long-Term. In the Short term...
Divergence in cash rate policy between US and Norway, creates an opportunity for shorting the pair.
US is expected to cut its rate, while slower economic growth is waiting to hit the dollar. Norway's economy is doing great, and therefore they expect to increase the cash rate.
also looking at USO vs the pair, as it have been highly diverge against each other....
Aiming to support employment growth and to provide economic support RBA cut its cash rate by 25 bps to a low of 1% at the july meeting.
The Australian economy grew below trend at 1.8% this was followed by low consumption and income growth.
while increased investments in infrastructure is providing a pick up in activity in the resources sector.
a pickup in...
Despite the market chatter of rate cuts by the Fed at the end of July, it seems that one area of the market that is not paying much attention are US 10-Year Treasuries ($IEF as a proxy).
After posting an "Evening Star" pattern on July 3rd, US Treasuries have been selling off since. As can be seen in the attached chart, the RSI has been showing negative divergence...
One of this year's hottest IPOs is still winning over new fans. Dmitry Netis at Stephens is initiating coverage of Zoom Video (ZM) with a bullish overweight rating.
The analyst's price target of $115 suggests that there's 26% of upside from current levels, an encouraging goal for the provider of video-conferencing solutions for enterprises that has already...