This is a weekly chart, we are approaching the lowest low. If this stock tanks, I will try to observe whether my hypothesis are in order. Namely if this stock tanks , other bank stocks might follow suit. I am neutral until I see the interaction with the low.
Normally movement in the price of oil leads a move in the price of the 10 year note. The blue line is USOIL and it showed me a change in behavior that I couldn't trade. So I looked for shorts in the notes after It made a high .
I am now expecting lower highs given how investors are long SPX after the dip
2018 is off to an interesting start. Trump has been in office for more than a year, 2/5 saw the most bearish performance in the history of the S&P in one day, and Janet Yellen's term as Chair-person of the Federal Reserve has come to an end. The philosophical economic theory portrays recession wave cycles to happen every 7-8 years, but there has not been a notable...
Price was in a corrective structure the last week. Today the breakout has occurred and we can expect a bullish scenario the nexts weeks.
Probably, all the pair will experience low volumes next 2 weeks due to Christmas holiday.
European stock markets followed their Asian counterparts on Monday as the US economy returns in sight, in particular the fate of the tax reform.
Gold is rising against the backdrop of increased risks before the resumption of discussion of the tax reform in the Senate. The asset has risen in price by 0.5% to $ 1.293 and looks determined to reach another round...
Here's another confirmation about our last idea Of course this time my guidance is a dollar appetite for this month and next with the FED decision to hike interest rate, but here's the deal: buy dollars or keep it till November 22nd where dollar should hit and maybe smash...
There is a Pennant forming on the GBPUSD 15min Chart. There was a strong Downtrend that started late last night. It has since consolidated and forming the pennant. This pennant is in the form of a right triangle. The top of the triangle being the 1.3155 resistance level.
Fundamentally, it makes sense to be short this pair as well. USD has been strong with the...
We have broken through a key supply and demand zone which was my previous Gold Take Profit level.
I was expecting a pull back but we have not seen this.
I am no expecting bullish moves higher with the USD going down the toilet on UJ / EU
If we break the 4hr trend line we can think about re-entering shorts
Have a great week and happy trading
Price is on a hourly bearish trend. CHF rejected 50% fibonacci retracement % MA50. Waiting for a breakout of the correction to open a short position till 115.00 aprox. A breakout above MA would invalidate the trade.
This my first analysis, but USD/JPY should soar for a new High this current week. Currently we have a trendline break out on the 4h showing significant signs of USD gaining an uptrend momentum. SL should be below 61.8 and use proper risk management.
While it seems the USD is just about set to make a major recovery/rally until the December rate hike, (which the Fed is evidently going to make happen regardless of inflation numbers), I suspect we just might have one more dip/retest of the sharper broken trendline. I suggest buying the USD/taking profit on any anti-USD trades when this dip appears complete.
EUR/USD: Fed balance sheet unwinding is largely priced in
We expect the Committee to announce the gradual normalization of its balance sheet today. Despite lower inflation readings and other headwinds – increased geopolitical risk, fiscal fights in Washington and the unknown economic consequences of the latest natural disasters – Fed officials have, until...
roadmap for the next four months or so
keep crankin those rates yellen! if the fed starts reducing the balance sheet faster than expected, the markets would capitulate. in any case crypto seems a good bet given draghi and kuroda literally cannot stop printing money.
inflation will hit us eventually, probably 2019-2020. then we'll have transitioned to an era of...
1. Daily support base formed ABOVE previous channel highs at 1.17
2. Fundamentally driven breakout on Friday (draghi vs yellen sentiment) should provide continued bullish EUR within the supply/demand complex.
3. Broadly eurozone crisis discounting contoinues to be faded out of the market. I expect RM names to begin pricing the ECB/FED convergence...