The S&P500 has been declining for more than two months straight reaching the HL trendline from the market bottom. It is useful to look into the Fed's role on this whole long term price action and what better timeframe to use than the 1W. As you can see, the Fed's Balance Sheet (orange) is extending a long term decline that started more than one year ago, while...
Over the past 18 months, U.S. mortgage rates have soared from 2.9% to 7.6%, their highest since 2001. Will this tremendous increase in mortgage rates cause the U.S. housing market to crash like it did in 2008? On one hand, higher mortgages have led to a steady decrease in the number of new mortgages being issued. In recent weeks, the number of new mortgages has...
AUDUSD has been in a bear market July 2023. Price stalled out and ranged since August 2023. We have since seen bulls try to break out of this 3-month range and failed every time. The resistance is around 0.6530, which is yet to be broken. We recently have seen a strong rejection of that resistance following last weeks USD interest rates. The Australian Dollar has...
First time since the doldrums in 2011 The cost of a 30 year mortgage is astronomical Mortgage demand has frozen ... Refinancing has also fallen off a cliff I'm looking for sellers to start capitulating soon ... (as in within the next few quarters) As we start to see the consumer at breaking point.
Bitcoin has an up-and-down week as Mt. Gox delays repayments: Bitcoin (BTC) started the week off rallying from $26.5k USD to $27.4k USD before paring its gains by Friday. Mt. Gox trustees delayed repayment of more than 140,000 BTC and other cryptos by a year, extending the deadline to October 2024. Fed holds rates steady as one more hike expected this year: ...
The Dollar and US treasury Yields are all showing signs of future strength leading to the FOMC meeting, as the EURUSD has slammed into Resistance with Bearish Divergence and PPO Confirmation, the Yields have hit a Shark PCZ with PPO Confirmation, and XAUUSD has once again hit the PCZ of a Bearish ABCD and will give us PPO Confirmation of a Type 2 Reversal once,...
bullish idea, there's lots of space to the upside and plenty of orders to take off the initial news burst. as long as we move up follow the plan. if we move down, and only if you are not already in a position, i'd take smaller longs and add later only if it comes back to the initial idea. if price falls to the depths of hell, well, fine. just short the first pull...
Gold was not successful in trying again to break the 1930 range and entered the correction down to the 1916 range, and after the correction in the third attempt, I think this level will break and we will see the growth of the global ounce of gold until 1980.
MACRO MONDAY 10 – Historical Interest Rate hike Impact on S&P500 This chart aims to illustrate the relationship between the Federal Reserve’s Interest rate hike policy and the S&P500’s price movements. At a glance the chart highlights the lagging effects of the Federal Reserves Interest Rate hikes on the S&P500 (the “Market”). In all four of the interest rate...
USD interest rates is coming today. EURUSD keeps the downside move and yesterday we saw a pullback from the resistance. It will be good if the active positions are with low risk. We’ll be looking for new trades once the news breaks.
On Friday we saw the expected correction and pullback. This week is coming the most important news for the market at the moment. US Interest rate is coming on Wednesday. After the news we expect good opportunities and longer-term trades. We're looking at the exhaustion of the downside move, as the first support is 1.0609. Current levels are not suitable for...
I am not a fundamental trader but I do love when a major economic news event plays an impact on the market environment. This entire month the markets have been very slow and choppy so I stood out of swing trades due to the whipsaw behavior. This week has been the slowest following last weeks low movement with fed speeches on the economic calendar almost every...
Yesterday EURUSD broke the previous low and reached 1,0631. The downside move keep going but we’ll be looking for exhaustion. There will be opportunities upon correction towards 1,0700 and pullback. The next support is 1,0609, where it is advisable to lower the risk of the sells and to look for reversal.
Yesterday during the news we saw fluctuations within 50 pips without clear direction. ECB interest rate is coming today. Bear in mind that there will be press conference 30 minutes after the news. We’re watching for breakout of yesterdays move. A key resistance remains the levels around 1,0785.
History repeats itself, and we should learn from it, however sometimes history is so far away that it spans generations before we're able to grasp the experience first hand. We hear about 1929, but we can't imagine what it was to survive the struggle, we hear about the pandemics during the 20's, same deal, we have heard about recessions, and those who went through...
Yesterday, EURUSD continued its correction and headed towards the resistance zone. By the end of the week, data on US inflation and interest rates from the ECB are due. Before the important news, it is not advisable to take a high risk and it is better to wait. We have determined zones on all major assets and are monitoring development!
EURUSD continues holding around 1,0700 and no still no entry grounds. US inflation data is coming on Wednesday and ECB interest rate on Thursday. Upon continuation of the correction resistance levels will be 1,0780 and 1,0846. We will be looking for new trades after the news upon good ratio.
Gold hit my first target 1945$. Now we are waiting until gold finishes it's correction to 1920$ support zone, then rise again to the 1950 then 1970$.