While the general direction for the US Fed and the ECB are similar, their timelines differ greatly! On the US Fed (USD) front, we are days away from the next FOMC meeting (4th May 2022) where market participants are expecting a 50 bps hike. On the ECB (EUR) front, the ECB is expected to taper its asset purchase program by early Q3, before it will consider any...
Fed hawkish policy to fight inflation is putting in a high on GOLD. It's also about the speculation of how many hikes may happen this year. However, if FED will suddenly turns out to be less aggressive then this will quickly stabilize the gold prices, but for now, it looks like the current tone will not change so metals have room for more weakness. At the same...
In this video I am going to show you why I think that we will have a major decreas e in bonds price this year. This is due to the fact that we are currently trading in a wedge shape , or a so-called Elliot Wave Diagonal which is characterized by a 5-Waves-Pattern , of which every inner wave is shorter than the first impulsive wave. Fundamentally spoken, I do...
We closed Friday at the local support pf 14600 and went through it like a knife through butter down to the next major support at 14400. If we do not hold that there is a high chance we dive into 14000. A Pattern that keeps repeating is that we see green candles in premarket, fooling average Joe that the dip has ended, average Joe buys in, and in the second half...
Gold has been in an uptrend so far in the 2nd week of January. However, the price has been unable to re-test the $1815 level yet. In conjunction with this, the RSI levels on the larger time frames show extremely overbought levels. Today at 3 pm GMT chairman Powell of the Fed will speak regarding plans for rate hikes this year. Our in-house view is that many USD...
It's Bank of Canada day ;) Hike is expected by the Mr Market In my opinion it's big "if", even if they hike it will be dovish hike. So I do expect lower levels ahead of or right after ( stop hunt ) and then higher prices towards 1,35. Invalidation of that bullish view with daily close below 1,3150.
The Federal Open Market Committee (FOMC) is expected to unveil another rate hike this Wednesday, December 19th 2018. Probability of a rate hike is quite high, as a neutral or easing federal funds rate would indicate "a need for stimulus" in the U.S. economy (God forbid the FED indicates weakness in the economy while the stock market is sitting just above critical...
Rate hike 93% probability in week ahead. Expect to see the 10Y at 3 and 30Y at 3.2 over the next 10 trading days.
In lew of the Interest rate decision here is a new tactical entry for those who want to trade on the surprise factor. A hike is already priced in so no confusion there. The Euro shall decline a bit but not significantly. So the idea of going against the grain and buying up the euro before the hike has a much better potential in terms of RRR. Please I appreciate...
We are back with a short of every bodies favorite currency, gold! (Did you know gold is God with an "L"? HA!) On that note, opening a short here on this very evident descending triangle fractal on Gold/USD setting our sights on a T1 of 1280, will update as we go along. Act wisely or hodl peace ever fourth.
It's kinda obvious for me that the USD will dominate CAD during the following months. With the increasing probability of 4 rate hikes from the FED and sluggish oil prices, I see nothing but weakness from CAD. Long term trendline approching, placed short entry at 1.32, SL at 1.33, TP at 1.28 (old resistance now found as support). Since the long term trendline...
Well , I have two or three reason that the EUR/CAD is going down as I think that we have take short position first reason as you see , in the daily chart , the price reached the top of the ascending trendline border and the a double top pattern is made creating a two year major resistance ... as well as I read before that there may be a hike next april for the...
"Wall Street mixed as financials drag after Fed rate hike" www.reuters.com
A potential trade idea however due to FED rate hike potential we will sit this one out likely as volatility may be just to great and the risk is higher on this one, however this is a good one to watch and keep an eye on for June 14th 2017 US Session. Falling wedge Inverse H&S pattern (forming) Higher low (forming) Bullish MACD divergence
FX:USDJPY broke the 50DMA once again and looking bearish in my opinion. The breakdown and downtrend is also supported by the moving averages on the hourly timeframes. Don't have any big positions as I expected it to retest the 114 breakdown level but it didn't happen 4H Timeframe View: FX:USDJPY tried to break the 200MA but it failed and continued its...