The Fed Hawkish Stance
During Wednesday's address, Federal Reserve Chair Jerome Powell reinforced his stance on tackling inflation with a more cautious approach. He emphasized that the central bank is not yet finished with its efforts to curb inflation and hinted at the possibility of implementing multiple interest rate increases during future monetary policy...
Is Gold getting ready to surpass its current high & reach a new one? Very high possibility!
Even though a little more downside is expected, this version could also play out very well. I am currently holding short positions, but will open a buy as a hedge. I will keep you updated on this move!
We've seen a Wave 1 & Wave 2 completion on the 12HR TF, followed by a...
My bullish stance on Gold still remains the same. Yesterday when Gold sell's got closed out, the bullish momentum violated a lot of structures to the upside, indicating a possible change in direction. As long as Gold remains above the last low of $1,901 I am still bullish.
However, if Gold breaks back below the low of $1,885 we can go back to looking for our...
Bank of America says the recession and credit crunch could lead to large corporate defaults.
Credit strategists at Bank of America note that the fallout from the recession and credit crunch could see $1 trillion in corporate debt eventually become insolvent.
This is largely due to the fact that banks have already begun to refuse lending conditions after the...
Japan has no completely lost control of their bond yields.
Japan has completely lost control the US Yield Curve Control.
The FRED paused (as I expected they had no choice).
The FRED realizing they need to initiate YCC / QE / Rate Cuts before end of 2023 or we're going to see an economic meltdown.
Option 1, let yields raise > mortgages blow up > bank...
Hello Traders!
The FED's monetary policy is not convincing the markets, but Powell seems very determined to meet his inflation targets. In near term, market seems to want to counter this hawkish monetary policy, but that could change going forward. In short term, yields remain at high levels and I don't exclude that this rally could continue for the last bullish...
Obviously as money flows into cash it flows out of assets
If rates on US bonds rise then the incentive to hold cash increases which dries up liquidity almost everywhere else. We are seeing very bullish signs (current data/can fail and reverse) for both US Dollar and US Yields. Which of course correlates to bearish signs for assets prices (bitcoin/stocks/real...
There are many considerations that can be made about Gold, and today we share some of them.
In this geopolitical and economic context, Gold is an important pawn on the chessboard. If we want to understand where the price could go in the coming months, we need to understand why we got this far today (as I write the Spot price is 1925).
💡 What is really supporting...
The US inflation figures were published during the previous week, which showed that it is not going to be an easy task for the Fed to bring it back to its 2% target. At the same time, oil was traded above $90/barrel with some analysts’ prediction that it might easily reach the level of $100 till the end of this year. Taking current circumstances into account, the...
Rules are blurred, game changes. Credit goes to the "Ground" reality. Four wickets in one over, no hattrick, but history is made. 50 looks like double century. Stunning Performance of a century by Siraj, a loss to both who spared time to watch, and those who failed to watch. Clearly, Siraj said "My time and My rules". Japan's increasing worries of Chinese...
During market crashes yields plummet along with equities in flight for safety and also they tend to lead in the decline. But here as we see 10-year yield divergence is suggesting equities can retest ATH once more before the crash. This also aligns with previous market behavior where equities rally on rate pause leading to recession - a "Sucker Rally" essentially.
Yield spreads tighten and also invert leading into a recession and it is only once they start to de-invert that any sizable decline begins once all the durations have been squeezed and there is nowhere else to run/hide for market participants. The 10Y-03M curve is of particular interest compared to 10Y-02Y, which almost always leads to a crash once that cuts above...
Is Gold getting ready to surpass its current high & reach a new one? Very high possibility!
Even though a little more downside is expected, this version could also play out very well. I am currently holding short positions, but will open a buy as a hedge. I will keep you updated on this move!
We have 1 final leg down on Gold, before we see the long term bullish momentum return & target new ATH'S.
We are currently in Wave C which is the final corrective move to the downside. Hoping to see 1 more retest of $1933 - $1938 zone, before we see the melt begin. Also, we have CPI data this Wednesday, so that could be the fundamental catalyst used to manipulate...
Gold moved lower today, putting us 700 PIPS in profit now!🎉 However, bare in mind this move down happened prior to CPI tomorrow so this could merely be a liquidity grab. We also have internal LQ sitting around $1,933 - $1,938 which we should be careful about.
I have moved Gold Fund investors SL to $1946.60 which'll bank us 350 PIPS profit if market was to...
The market uncertainty of the future course of inflation and FED`s next moves continued during the previous week, especially after the news that Saudi Arabia will continue with its decreased supply of oil by 1 million barrels per month until the end of this year. The price of oil surged on this news, putting the markets back on the negative sentiment. However,...
