With its back up against a wall, the US Federal Reserve has pledged to begin tapering its asset purchase program. Beginning later this month, the Federal Reserve will reduce the number of US Treasury Securities it purchases each month by US $10 billion and the number of Mortgage-Backed Securities by US $5 billion. How did the USD react to the Federal Reserve...
Lots of volatility for the next eight months on the US 10 year treasury. Overall rates are moving up, but a couple dip opportunities to lock in your borrowers rates, not a financial advisor, just my thoughts.
Good afternoon traders, The DXY has seen a pick up over the past couple of months due to rising interest rates on US bond yields. The US economy appears to be recovering from the Covid019 pandemic, however, the FED has suggested they will maintain record-low interest rates for the foreseeable future. The Joe Biden administration, Jannet Yellen the Treasury Sec...
It is only a day away from the start of the central bankers' symposium on Thursday in Jackson Hole, Wyoming. Jerome Powell has already been making it clear to the markets for several days that the Federal Reserve's stimulus plan is coming to an end. Stop with the ultra-accommodating policy, zero-cost money and massive purchases of government bonds (120 billion a...
As the markets pullback this week, keep in mind we're still in what I call the J&P 500 Channel. The chart is the daily SPX adjusted for Inflation. The bottom channel is a 10 year regression trend channel that has contained the SPX until the march 2020 crash. The upward trending channel is what I call the Jerome & Powell 500 Channel which is a modified schiff...
The recent breakout of the EURUSD above the descending channel was bolstered yesterday following the July policy meeting of the Federal Reserve. Jerome Powell and his colleagues from the FOMC did not bring anything new to the table, which weakened the greenback in the short term. The price action is currently probing the 200-day MA (in purple). The next closest...
while Jerome was telling tales, the dollar shows weakness not only in USDX))) against the backdrop of verbal interventions from the US, the EURUSD price returned above 1.1900 and remained there. Clear Step Up + Head and Shoulders Pattern ======= 1.1940 - BUY signal 1.2000 - target 1 1.2100 - target 2 If you like my idea, please get the like and write your opinion...
January 14th. 2021 The possibility of inflation staying higher than the 2% goal increased the fear among investors. After the speech, BTC's price dropped around 26% on the following days. February 10th, 2021 The unemployment rate way higher than expected, 6,9%, demanded more intervention from the US government. BTC price rose close to 30% after the speech in the...
The dollar depreciated yesterday and is currently headed towards the 100-day MA (in blue). Notice that the latter is threading near the 23.6% Fibonacci retracement level at 0.90347, which is where the downswing is likely to bottom out. The bearish correction is likely to take the form of an ABC structure given that it emerged from the preceding 1-5 impulse wave...
The EURUSD appears to be developing a major H&S pattern, which is typically taken to indicate emerging bearish reversals, ahead of FED's April policy meeting. The expected upsurge in volatility later today and tomorrow (advance U.S. GDP data scheduled for release) would demonstrate whether such an H&S pattern is really in the making. Notice that the Neckline is...
Hello traders, this is a possible wave count on the EURUSD, providing a bearish scenario. US bond yields are rising rapidly providing strength into the USD. the DXY is currently trading under a key trend line resistance (see the comment section below). FED Chair Jerome Powell has attempted to calm inflation fears this week during his testimony, however the...
Im publishing this as sort of a parody or something to laugh at.... I love it when anyone associated with the GOV starts talking about the economy in any way, because BTC always starts to rally! Thank you Mr. Powell! I appreciate the earnings! :) On a serious note, I do find it so interesting how this seems to happen everytime anyone in our GOV opens their mouth...
hey tradomaniacs, As expected Jerome Powell causes huge moves in the market. So what did he say and why is his statement causing such a sell-off? One thing is for sure, he is really dissapointing the market! First of all, what could he have said to cause euphoria? 1️⃣He could have aoounced an prolongation of the Supplementary Leverage ratio (SLR) banks...
Clearly on a descending formation now, 3 levels of support on our updated chart and MOST IMPORTANTLY: Jerome Powel will talk in a few minutes. Get ready, expect volatility, trade! Prognostics: I am 61% Bearish on the dollar at this very moment
1) FED Repo QE 2019/20 (higher than 2008 financial crisis) 2) Nearly 80-120% gain in TSLA & AAPL in 3 months 3) Mysterious Trade Deals/Talks 4) Rising GOOD price since months 5) Lemmings on buy a great fake economy is here 6) Indicators are overheating We really don't see good, yearly economic gain. Soon we will face a new financial crisis, created by USA,...
The US and China have traditionally been optimistic about the progress in the negotiations, but apparently, the markets no longer respond to this. If you yell “wolf”, in the end, people will no longer come. Something similar we can see in the negotiation process between China and the United States. They have been optimistic for more than a month, but there is no...
Indices get their rebound with stimulus from the Fed assuring consumers who are led to believe there's a recession arising to not be alarmed. U.S markets trade with great volume, and the reserve currencies gets its' dosage of steroids.