We have a convergence of levels around the 4.19/4.20 zone of the chart, it is a long term double Fibonacci retracement and represents significant lows seen in 1998 and 2001. Will be quite interested to see if the market pauses here in order to consolidate sharp gains that have been pretty relentless since August. Disclaimer: The information posted on Trading...
Traders and Investors, Dollar had a massive run for past year and is now inside an FCP zone. It is kind of stuck between 2 FCP zones and may consolidate there for a bit. On smaller time frames, there are few signs which can give us potential important hints on the next direction. Last week, showed a rejection pattern from the top which is still valid. if the...
In today's video I will look into a detail analysis of USDMXN, which is doing quite well compared to the strong USD Index. So my assumption is that when USd index will hit resistance, possibly after the 10 year US notes completed the current fifht wave up, the USDMXN can easily break through the support and will be targeting Feb 2020 pandemic low. Crude oil is...
How long will the rally continue? What to watch to answer this question. 7 October Fed Critical Datapoints Non Farm Payrolls and Unemployment Numbers If more people are finding jobs and and unemployment is going down it will indicate a strong economy, which will lead to the Fed continuing rate hikes, which will put downward pressure on the S&P 500. If more...
As seen in the video - I am short the Aussie Dollar against the almighty greenback. The RBA needs to get more aggressive in hiking interest rates, in order to compete with the Fed in the US. The Dollar USD will continue to be strong against all other currencies as they raise interest rates aggressively and be the defense trade in these uncertain times. Although...
Following this week's inflation report and the much-anticipated "The Merge" on Ethereum's ecosystem, the crypto markets took a massive dip - in particular, ETH itself. This is the classic "buy the rumor, sell the news" pattern as the hype towards the merge date neared, then the massive-selloff right after. But not all coins were in the red - COSMOS (ATOM) did...
Hi Snipers, Please refer to the recording for the next price levels and scenarios. Thanks MS
Lots of things happening in finance today. US inflation is at 8.3% (higher than expected with no end in sight), which tanked both crypto and the stock market at the same time. Goes to show that there's still a lot of overlap between the two right now. Also coming up is the much anticipated "merge" on Ethereum (going to happen some time this week, according to...
In this video I update you based on my last Market Update this time with detailed labelling and explanations. I explain the way I believe the months ahead will unfold as we head into the end of the year. I expect volatility to begin increasing gradually right through the end of Wave 2 and into Wave 3 DOWN. (Stock Markets) The two things that I see continuing to...
Hi Snipers, Please refer to the recording for the next price levels and scenarios. Thanks MS
Been writing a few long articles lately but the tl;dr of it is that now that interest rates are going up, the asset speculation market (real estate, stocks, venture capital, crypto/NFTs) is largely over and money will start to flow into financial products that provide more "reliable" returns - mainly interest rates. Given that the banks are dragging its feet in...
News of record high inflation and the federal reserve's plan to increase interest rates this year has a lot of people worried that a recession (probably on a global scale) is coming this year. After over a decade of constant growth in the US stocks and real-estate markets, we're finally going to see the bubble pop. GDP is down, governments are broke, and I would...
Ethereum holders were hoping for a big rally after this week's "merge" on ETH's primary test network, Ropsten, but so far the markets have been responsive. Coins that offer staking rewards, however, did fairly well this week as a whole - the two winners being Tezos (XTZ) and Chainlink (LINK) which saw big gains today and over the course of this week as a...
Made a list of a few things for crypto holders to be optimistic about the recession/depression about to unfold in the global markets right now. - Crypto's market cap is less than 1% (possibly even less than 0.1%) of traditional stocks. If the stock market goes down, - Banks are taking their time raising interest rates on savings accounts while pushing mortgage...
The EURO now sits under 138.000 on the exchange rate, a key resistance level that will now surely break after European Inflation hit 8.1% for the month of April 2022, igniting the debate about whether the ECB should be raising rates at 0.50% increments instead of 0.25% increments as signaled by Christian Legard. With European Bond Yields climbing and paying a...
We are highly likely to see a strong recovery in the New Zealand Dollar Against the U.S Dollar as interest rates in New Zealand continue to rise. Markets expect the Reserve Bank of New Zealand to raise the cash rate to 3.50% by year-end, which will be a premium 0.75% to 1.00% Interest rate over the U.S. This means any investors holding short positions in NZD/USD...
The Euro is now highly likely to catch a strong bid against the Yen after the European Central Bank President Christine Lagarde said the Central Bank is likely to start raising interest rates in July and exit sub-zero territory by the end of September 2022. Interest rate differentials on Government Bonds will support the EURO higher. In this video I breakdown...
As of this week, Tezos (XTZ) was one of the few coins that actually ended up in the green, showing a type of independent movement that has never been seen before. What's driving the excitement behind the project that caused people to buy the dip?