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 96.32 - 97.84 level, Then close all your long positions 'cause this hike should happen...
Is Trump going to replace Yellen with Volker? Is a central bank balance sheet going to shrink? If the status quo stays then Gold will rise and the dollar will fall.
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.
Good Luck BTC investors. The party is over. MACD confirms it's dying out!
Yellen: bitcoin plays a very small role in the payment system, "is not a stable store of value"
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...
Some insight on NFP and Fed meeting
The Federal Reserve's meeting on Wednesday did not stirred much attention among investors, NFP is likely to face the same fate. After the natural disasters, it became clear that the US economic picture is distorted and blurred in the medium term, and the "data-dependence" rule in the Fed's policy will be temporarily...
ECB
European stock markets and the euro stood still in anticipation of the results of ECB meeting, while in the fixed income market there is a slight rush and the price of bonds is moderately growing. The yield of US Treasuries also fell after a rise to a seven-month peak on speculation about a new Fed head, likely to be a candidate with a more aggressive policy...
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...
Trump tax reform
Predicting the failure of the Trump tax reform because of its scale and unclear double-side backwash, skeptics apparently understated the president's negotiation skills.
Despite initial skepticism, the number of supporters of the tax cuts is growing rapidly among Republicans. On Monday, it was clear that the level of approval allows for rolling...
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.
Hello Traders
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.
Strong US GDP
The data on US economy released on Tuesday was yet another proof that the Fed needs to raise rates in December. US GDP grew at a higher pace in the second quarter than expected. Inventories rose in August by 1 percent, reflecting the confidence of producers in improving consumer demand outlook. Curiously, GDP was resistant to a drop in inflationary...
The Fed's sudden warning to prepare for December rate hike and the early release of Trump's tax plan seem to have urged the bears to call off their plans for greenback for a long time.
The yield on US Treasuries posted a sharp jump in inflation expectations on Tuesday after the Fed chief literally hurried the markets to change expectations on monetary policy. For...
The situation on Korean peninsula remains one of the most high-quality and coherent dollar signals, especially paired with the yen. USDJPY lost half a percentage point in the course of trading on Friday after Kim Jong-un again threatened to conduct a nuclear test in response to Trump's statement to destroy North Korea. In the medium term, USDJPY buyers remain the...
