About meAll things Forex Opinions and idears are commentary only and not any kind of recommendation. Trade at your own risk and analysis. #dxy #EURUSD #USDJPY #Gold #Fed
- The S&P 500 is nearing a strong resistance at 2900/45 where everything is possible from consolidation phase to profit taking or 7-10% correction.
- Profit taking is possible (FOMC meeting 1 May, US earnings season, ECB meeting 6 June, etc). The risk is that global central banks’ policy U-turn during 2Q19 is largely priced in and markets unlikely to get more...
Gold - favourable environment in uncertain world ($1320/25 and $1346.40 in play 2Q19)
- Gold is the main beneficiary of the current path of softening tone from the world's most imminent central banks (ECB 7.03, Fed 20.03, RBA, BOC, PBOC, etc).
- Liquidity is one of the factors supporting gold. The relaunch of TLTRO in Europe and the ending of QT in the US.
- The...
