US Oil had a good rally at the beginning of the year.
It reached $49 (68% fib on a 4hr chart) then retraced back to $48 (50%).
Currently sitting at 50% and looking like it is holding.
It is slowly forming an H and S, which is a good sign, if it completes and may signal a reversal.
However, this volume is concerning. Either traders are still on...
USD in a nutshell. In 2019, the US Economy will be slowing down
GDP growth will slow down to 2.7%
Unemployment rate will go up to 4%
Consumer confidence will go down
Business confidence will go down as well
Government debt will continue to rise
Inflation will go up 2.2 - 2.6
Interest rate will be increased twice 2.5 - 2.75
Even though, those future data will be...
OUTRAGEOUS PREDICTION FOR 2019.
YEN starts to rally. BOJ on a bond buying spree.
VERY low inflation rate
Interest rate? Doesn't matter until the 3rd quarter of 2019.
AUD getting choked with the trade war.
Inflation creeps up
Business confidence tanks!
Interest rate? Nah, they will let that interest rate sit there at 1.5 forever.
AUDJPY peaked at 109...
BONOS OUTRAGEOUS PREDICTIONS FOR 2019-2020
Let's say the Feds are bullish on INDEX:DXY
and raises interest rates 3 more times in 2019
Again stocks DJ:DJI breaks down
Inflation stays 2.2 - 2.6
JPY on other hand will continue to have negative GDP and growth stays nowhere
They will continue to be good at money management and...
BONOS OUTRAGEOUS FORECAST FOR 2019 - 2020
We are just going to pretend that the Feds will hold 3 more hikes next year.
Stocks DJ:DJI go DOWN and goes CAPUT!
Bond goes up.
Inflation will be somewhere in the 2.2 - 2.6
CAD on the other hand will continue to have higher unemployment rate, lets say 6.
Hikes rates 3 times as well