Fundamental
Gold make a big drop on Monday, due to the cool down of political tension in Gaza and Ukraine.
Technical
Gold is approaching the 2300 level. This is psychological round number level. Buyer will enter at this level .
Below is SMA 200 , lie at the 2250 level. If support level 2300 broken, this level will be test.
In this layout I have Black Sea Wheat and Corn, Australian and Ukrainian Wheat, and 4 main Fertilizer (UREA) Futures.
Conflict and Wars are good ways for Financial Institutions like Black Rock and State Street Corp oration to make a lot of money. What better way than to destroy the wheat fields/silos themselves and profit at the same time?
These markets are...
The ascending triangle points to a potential increase in the value of Rheinmetall's stock. These indicators include a bullish trend in the stock's price over the past several months, positive momentum, and strong support levels. Additionally, historical data shows that Rheinmetall's stock tends to perform well during times of military threats or escalations, which...
US markets are open for limited hours today, and investors are focussed on the World Cup and Black Friday rather than the US dollar. EUR/USD is trading quietly at 1.0392, down 0.18%.
German data has not been spectacular this week, but nonetheless is moving in the right direction, as the German economy is in decent shape. Germany's GDP for Q3 was revised upwards...
The Australian dollar has posted sharp gains, as the US dollar is lower against the majors in the North American session. AUD/USD is trading at 0.6542, up 0.97%.
Australia's NAB Business Confidence for October slipped to zero, down from 5 points in September. The significant decline is reflective of a drop in orders, higher rates at home and a gloomy global...
AUD/USD has started the trading week with strong gains. The Aussie is trading at 0.6447, up 0.67%.
Is the nasty slide over? The Australian dollar is coming off a third straight losing week. September was a disaster, as AUD/USD plummeted 6.4%. The escalation in the war in Ukraine, which has sapped risk sentiment, and the aggressive Federal Reserve have dampened...
Prices have cooled down a little bit, but Gazprom halted Nord Stream 1 "indefinitely". Dmitry Medvedev said prices could go up to 5k for 1000 M3 of gas this winter, while Gasprom is announcing 4k.
The euro has taken a nasty tumble today. In the North American session, EUR/USD is trading at 1.0144, down 0.76%.
The energy crisis surrounding Nord Stream 1, a key channel for Russian gas exports to Europe continues to simmer. Perhaps the pipeline should be referred to as 'Nord Brook 1', after Gazprom, the Russian energy giant, warned it will cut flows through...
After the Ukraine war started Australian dollar made an attempt to break the daily market structure to the upside as Australia is a top commodity country, but failed to break structure and found resistance at the 0.76 area and formed a double top. Since then the price went back to a downtrend and formed another low. I expect the price to follow the Fibonacci...
The euro has edged higher on Thursday, after posting losses in two consecutive sessions.
The markets were treated to a data dump out of the eurozone, with some mixed numbers. On the employment front, the eurozone unemployment rate fell to 6.6%, down from 6.8% (6.7% exp.). Germany reported 133 thousand newly unemployed, a huge increase, but this reading was an...
CBOT:ZW1!
What do Gold, Crude Oil, Natural Gas, Corn, Soybeans, and Wheat have in common?
Their prices all go up in a global crisis. In other words, these strategically important commodities are positively correlated with the level of risk. “Risk Up, Price Up; and Risk Down, Price Down”.
Everyday non-professional traders (NonProfs) usually have a disadvantage...
INVESTMENT CONTEXT
Equities failed to sustain May 23 uptick, with bears firmly in control of the market sending Nasdaq in the low 11k bracket
U.S. retailer Best Buy (BBY) missed EPS forecasts, but downplayed recession fears
S&P Global’s Composite Purchasing Managers’ Index (PMI), a measure of the services and manufacturing industries, fell to 51.8 in...
EUR/USD suffered a dismal week, plunging 2.33%. The euro broke below the 1.05 line on Thursday but has managed to recover.
The ECB doesn't meet until June, but policy makers will be closely monitoring eurozone inflation, which continues to climb. It was only a few months ago that ECB President Lagarde was dismissive about rising inflation, saying that it was a...
