Seeing a downward channel so expecting further bearish bias from here. Fundamentals seem to be supporting this too, with cease fire talks in middle east, and I'm expecting continued strength from the dollar this week, supported by the fundamentals news on Thursday and Friday. We're posting HH and HL formation and expect this to continue through this week.
The euro is in negative territory on Thursday. In the North American session, EUR/USD is trading at 1.0800, down 0.35%. Germany’s inflation rate dropped to 2.5% y/y in February, down from 2.9% in January and lower than the market estimate of 2.6%. This was the lowest level since June 2021, as inflation continues to move closer to the European Central Bank’s...
A nod to @unbeldi And a updated chart Swapping the Bitcoin price to marketcap over the M1 money As BTC is a Trillion dollar asset again and was invented to be peer to peer cash It's good to compare the ratio vs the dollar. And imagine one day in the future that it may dethrone the King. Since BTC is natively digital and global (M2 is slightly larger number...
This video highlights interest rates dropping prior to Fed Meeting prior to March 2024 Meeting. Indicating a Strong correlation for Technical analysis over Market Media.
This current bullish move looks to be running its course, resembling a bull flag. Will be waiting for a confirmation on LTF's to get in short, hopefully before the big news on Friday, which I expect to confirm interest rates staying as they are for longer, and a hawkish fed.
Even though sterling has found recent resilience, we are in a long-term down trend. I believe the recent rally must end, fundamentally the pound is much weaker than the dollar, the UK is in recession and the US looks likely to avoid one. The FED will start cutting rates, but I believe the BoE will act sooner (or at the same time) because it doesn't have the...
Only Twice in 150 Years of US Equities has the Shiller PE ratio gone higher than the 1929 TOP 2000 & 2022 The Shiller PE is useful as it smooths out the PE ratio over a 10 year average ... very useful for forecasting. The financial markets have been perverted & all know this. The #FED can only print and save your Assets after a financial crisis appears on...
The chart provided visually represents the forward guidance issued by the Federal Open Market Committee (FOMC) alongside the performance of various key economic indicators and market indices. The FOMC forward guidance serves as a crucial tool for signaling the Federal Reserve's monetary policy stance and future intentions, thereby influencing market expectations...
I'm expecting to see USD strength through March with a Hawkish Fed that has strength ibn their economy, compared to all other crosses. Looking at the 4hr chart I'm seeing a couple of bearish engulfing candles and therefor looking for a short in an LTF. There is very choppy water between 0.735 and 0.7366 so we may see a lot of indecision here but I'm overall...
The Canadian dollar is drifting on Friday. In the European session, USD/CAD is trading at 1.3468, down 0.1%. With no tier-1 events on the data calendar, we can expect a quiet day for the Canadian dollar. Canada’s retail sales report on Friday was a mixed bag. Consumers sharply reduced their spending in January following better-than-expected retail sales in...
In this video, I'm overcoming a sinus infection. However, I am explaining the movement come March 24 the Federal Interest Rate. Concluding, that the interest rate will drop during the Fed Meeting.
EURNZD has a bearish structure supported by a descending channel, with a high registered at 1.7935 on January 22nd. Currently, the price is in the H4 demand zone. I expect a possible trend reversal, with a change in structure to the upside on M15 followed by a retest in the BOS impulse zone. In this case, if the market follows this scenario, I would enter a long...
EUR/USD maintains modest daily gains just below 1.0800 in Friday's American session. The US dollar struggles to gain strength following the downward revision of December's CPI, allowing the pair to advance. However, EUR/USD fails to sustain its bullish momentum after a two-day bounce and continues to move sideways below 1.0800 as investors look for new catalysts....
The price of gold has seen a decline below $2,030, after reaching $2,040 in response to recent changes in inflation trends in the United States. Meanwhile, the yield of the main ten-year US government bond remains steadily above 4.1%, creating hurdles for the XAU/USD currency pair in seeking positive momentum. Currently, the price of gold (XAU/USD) is in a...
The price of WTI oil maintains an upward direction after Israel rejected Hamas' ceasefire agreement. West Texas Intermediate (WTI), the benchmark for U.S. crude oil, rose by 0.25% towards the end of the North American session, while the conflict between Israel and Hamas intensified with Israel rejecting a ceasefire offer. On Friday, the Israeli army continued its...
The USD/CAD exchange rate is gaining momentum for the second consecutive day during the early Asian session on Wednesday. This increase is supported by the US January Consumer Price Index (CPI) inflation data, which is boosting the US Dollar and government bond yields. The Core CPI, which excludes volatile food and energy prices, rose by 3.9%, surpassing the...
The price of Western Texas Intermediate crude oil, the benchmark for US oil, was around $77.50 on Friday. WTI prices rose after weaker-than-expected US retail sales data, fueling hopes that the Federal Reserve will soon begin cutting interest rates in the coming months. The conflict in Gaza between Israel and Palestinian Hamas has yet to see a resolution or...
The EUR/USD exchange rate showed a recovery above 1.0750, after touching a daily low near 1.0730 during the American session. This movement was influenced by data from the United States, which indicated an increase in producer inflation in January, higher than expected, and a marginal improvement in consumer confidence in early February. Nevertheless, the EUR/USD...