Slide to my previous Ideas. GOLD prices still projected to the downside as Fed's denial on interest cut for this year 2023.
The US dollar is flat as Jerome Powell provides no fresh important information. The DXY Currency Index support breakout has been unimpressive thus far, and the Australian dollar is now looking ahead to the local monthly inflation indicator.
The S&P500 rose after the release of minutes from the Federal Reserve's most recent meeting, which revealed members were laser-focused on managing inflation even as they decided to delay their rate hike pace. Officials at the Fed's policy meeting on 2022 December 13-14 agreed that the US central bank should continue to raise the cost of credit to restrict the rate...
My prediction on Kiwi will have slightly bullish in the near term. And projected to be traded lower as DXY strengthened.
Updated with clear technical analysis. Price approaching near term downside. Apart of year end of 2022, a slower pace could be expect and uncertainties movement towards 2023.
Target price for DXY to bottom out for the rest of 2022. DXY projected to be traded higher for 2023.
Expecting on bearish for 2023. Prices will slightly traded higher in the meantime since weakened in USD (refer DXY).
Please consult from my previous analysis. Bearish trend on weekly basis still in effect.
(1) Bearish trend for a long period of time. (2) Expected to rebound at the area given (refer chart). And continue slightly to drop. (3) DXY projected on rallies inline with interest hikes until the inflation rate 'enough' for cooling down U.S economy.
Expected to rebound at 0.40 MYR. Targeted resistance at 0.50 MYR. (1) The price inclining while the volumes insisted prior to previous prices. Expected on continuous bearish trend if the price couldn't break the resistance. (2) Within the current global economy onto further OPR leads to underperformance in markets.
Price failed to break Resistance at 382$ Hence, price formed a Lower Low and Lower High Expected to bottom out to the next SUPPORT My POV's still on bearish trend for a long period of time
Expected on short term gain (retracement). My POV's still on bearish trend. Refer to my previous post on BTC forecast.
Expected to bottom out 11,000$. If price fluctuates lower within this price expectation in aggressive mode, potentially will see more depreciate in value.
SPX500 declined in further projection on Yr-to-Yr basis due to investor's doubt on economic recession. My POV's on AAPL towards 70$ price depreciated. P/S: THIS IS NOT AN INVESTMENT ADVICE. PLEASE CONSULT ON YOUR OWN ANALYSIS.
Malaysian Ringgit (MYR) potentially valued lower against US Dollars (USD). US Dollars (USD) strengthen due to higher interest (expected). Resistance (green) potentially to break as USD strengthen in the upcoming Fed's action.
A trade idea based on my own. Interest Rates Forecasted To Be HIKES AGGRESIVELY SINCE (FED) Focused on 'HOT' INFLATION RATE. STRENGTHENING IN USD (DOLLARS), PINNED DOWN COMMODITY PRICES such GOLD. P/S (1): Commodity such GOLD can be AFFECTED by another FACTORS such as SUPPLY and etc. P/S (2): THIS IS NOT AN INVESTMENT ADVICE. PLEASE CONSULT ON YOUR OWN ANALYSIS.