The fact that there was no fundamental force majeure yesterday led to the “calm” Wednesday. In fact, the last statistics outcome prepared in line with forecasts as well as UK inflation rate. After crossing the new local Minimum yesterday, the pound “changed the situation” in the afternoon. So, we recommend looking for points for its buying. Traditionally we...
$USDCAD swing incoming? $USDCAD swing incoming? $USDCAD swing incoming?
3045 is the magic number. This represents a 2.618 advancement from the 2009 low. The 4.618 is 3953 so good chance we see 2500 and even 2100 before we see 4000. My prediction is as follows: SPX reaches and breaches 3000. Maybe gets as high as 3150 before pull back begins. Green box - 2870 or so is short target #1 From here we will need to see what the market...
I think its only a matter of time USD breaks free and pummels the Euro
We have already written about the Chinese GDP. 6,2% quarterly GDP rate of growth is the lowest accession rate in history. This is a trade war direct result. Price decline in the financial markets is responsiveness to the deceleration in economic growth. So, oil sales deals are attractive. As well as safe-haven asset demand growth, so we recommend to sell USDJPY...
Bitcoin Ban Classic Banker Hype - Wait for September Low To Buy
Mr Trump has strongly disapproved of Bitcoin. The markets couldn't care less. People are holding on to their Bitcoin in a zone of consolidation on the daily time frame. The consolidation pattern is safe down to around 9500. Bitcoin reached 10 times the recent high price of gold at one stage. I look at possibilities positive and negative for the future. For a...
Next week I will be focused on AUD/USD for a few reasons. Although straight forward data such as Australian employment change and business confidence numbers on Thursday will surely have an impact on the Aussie, what I'm more focused on is the systemic impact that Chinese GDP numbers will have on Monday. Monday morning, China's Q2 GDP, as well as a host of...
Cheap, low interest rate money carries us to all time highs (market top april 21, 2021) and then sinks us. Predictions: Trump is reelected in November of 2020 Interest rates are lowered to near zero There is some type of mass credit/lending fraud Tech bubble bursts. Investments in companies with no real path to profitability are abandoned. NASDAQ 100 losses...
We see a crab pattern, and some panic after Trump tweets. Retest 14k
In this video, I explain the basics of using Fibonacci, time application and geometry to predict the future. TLDR: SP500 will hit 3045 and while it could reject here, it looks quite bullish and 3307 is worth betting on. The rising wedge will break and we could see a December style dip around late April, early May 2020. Getting to 3300 could be a slow melt up...
Concern grows over global economic slowdown. The US continues to be a leader (for now). China is the largest copper consumer, and has been beaten down. Technicals don't look good at all. At least there is no divergence. If Trump and Xi don't reach a deal, you must know - copper will absolutely go down. P.S: COPX (Global Copper miners) CPER (United States Copper)
what you'd hear if Dundee took a look a this chart.
This broadening formation is breaking out to the upside. To confirm that, I want to see it going fully trough the 3k level. Target inside the chart.
Turkish President Recep Tayyip Erdogan removed Murat Cetinkaya as the central bank governor. In fact, this is an attempt to threaten the Central Bank of Turkey of independence, so the country's monetary policy is fully synchronized with the Government’s actions and objectives. Therefore crumbled. This is a wake-up call to the world. Recall, Trump continues to...
Getting ready for the NFP, Trump's obsession, recommendations of Morgan Stanley The financial markets are having a torrid week. Financial market participants are concerned about the appearance of a trend that the market currently is following. The concern is about the statistics based on the US labor market outcome, which in the future might provoke the US...