In the latest global events, Gold has soared to new heights, hitting a five-day peak above $2,400 fueled by escalating tensions between Israel and Iran. Investors sought refuge in the non-interest-yielding asset as uncertainty loomed, driving prices to a weekly high of $2,417 per ounce. However, the rally proved fleeting as Iran quashed fears of immediate...
Amidst the uncertainty characterized by global events, last week witnessed the GBP/USD pair caught in the crosscurrents of rising geopolitical tensions and pivotal central bank pronouncements. Bank of England's Deputy Governor, Dave Ramsden, took centre stage with remarks on inflation risks, yet failed to provide the anticipated support for Sterling as it plunged...
Hello Traders and Investors, today I will take a look at Alibaba. -------- Explanation of my video analysis: Back in 2020 Alibaba stock created a textbook breakout of an ascending triangle formation which was followed by more continuation towards the upside. Then Alibaba stock topped out in 2021 and we saw a massive decline of -80% from the previous highs. At...
Gold prices surged to a record high last week, marking their most impressive monthly performance in over three years. This remarkable rally was primarily fueled by mounting expectations of U.S. interest rate cuts and robust safe-haven demand. Furthermore, escalating geopolitical tensions on a global scale may drive investors towards gold as a preferred neutral...
Gold takes a step back in the wake of sizzling US inflation data and the Federal Reserve's cautious approach towards policy easing. The anticipation of the US Federal Reserve's easing cycle gets a reality check as robust US economic data pushes back the much-awaited commencement. Fed Chair Jerome Powell's call for patience aligns with the hotter-than-expected...
We would love to see yellow strong buying continue to guide price out of our selling algos. First step is a breakout of strong selling purple and then we expect a fight to occur between strong yellow and more tapered blue. Soon enough if blue or yellow holds price (bullish buying continuation) we will see a retest of our teal selling algo and that will be our...
The Gold price (XAU/USD) surges to a new record high above $2,180 as yields on 10-year US bonds dip to 4.04% following the release of the US NFP data. According to the US Bureau of Labor Statistics, the Unemployment Rate climbed to 3.9%, exceeding expectations and up from the previous 3.7%. While Nonfarm Payrolls for February surpassed projections at 275K...
The Pound Sterling (GBP) gains strength as market sentiment improves, driven by a growing appetite for risk-sensitive assets. This sentiment is reinforced by soft wage growth and a sharp rise in the Unemployment Rate reported by the United States Bureau of Labor Statistics (BLS) for February. The outlook for the GBP/USD pair remains positive, with widespread...
On Friday, GBP/USD saw a modest rebound post-testing 1.2600. The US Dollar is struggling to maintain its strength following the release of weaker-than-expected ISM Manufacturing PMI data from the US. February's US ISM Manufacturing PMI dropped to 47.8, contrary to the anticipated rise to 49.5 from the previous month's 49.1. The diminishing PMI sentiment is...
Gold surged on Friday, reaching its highest level since early January, surpassing 2,080 as the 10−year US Treasury bond yield dropped by approximately 1.52% following the release of mixed economic data. S&P Global's report indicated an expanding US economy, while the Institute for Supply Management (ISM) highlighted a contraction in manufacturing activity,...
I've been watching Centrus Energy (LEU) for the past few weeks considering they are a strong company and we're in a very strong controlled selling (yellow) algorithm for some time. I was waiting for a bullish sign of reversal prior to finding support at tapered blue - which we saw last week when price was picked up by teal buying continuation. We are now gapping...
Gold prices resumed it's upward momentum on Friday, closing the week with gains amid a decrease in US Treasury bond yields. The 10-year benchmark note saw a decline of three and a half basis points, settling at 4.248%. Despite recent comments from Federal Reserve officials suggesting a somewhat hawkish stance, investors responded positively by reducing...
Market participants are eagerly awaiting fresh guidance on Bank of England (BoE) interest rates as uncertainty lingers over the timing of potential rate cuts. Speculation suggests the central bank might consider reducing interest rates in the early part of the second half of the year, with the likelihood of a rate cut in the June policy meeting currently below 50%...
At the close of last week's trading, Gold has shown resilience by surpassing the $2,000 mark. Recent US economic indicators hint at persistent inflation, despite signals of potential policy adjustments from the Federal Reserve. Notably, Producer Price Index (PPI) data exceeded expectations, underscoring the Fed's ongoing efforts to manage inflation. Additionally,...
Aside from Elon taking a stronger control position of the operations of the company (upping his equity stake from 10% to 20%), I also like the technicals of this chart for a near-term entry. We just bounced off of our handy dandy blue tapered HTF selling channel and are looking for some of our buying algorithms to take hold. We are also forming a nice inverse...
Amidst the revision of the Consumer Price Index (CPI) numbers to accommodate new seasonal adjustment factors, the XAU/USD faced bearish pressure, culminating in a 0.50% dip, closing the week around the $2,025 area. This development has heightened focus on the upcoming Consumer Price Index (CPI) figures from January, as market participants seek insights for...
Explore the latest market dynamics in our new video as we analyze the USD/JPY movement, surging over 0.90% to 148.05 following a robust US jobs report and elevated Treasury yields. The addition of 353K jobs in January has shifted Fed rate cut forecasts, reflecting a tightening labor market and bolstering confidence in the US economy. However, amidst this positive...
The Tokyo Consumer Price Index (CPI) for January witnessed a deceleration in Japan's national capital, dropping to 1.6% from the previous reading of 2.4%. This marks the first time in almost two years that consumer inflation has fallen below the Bank of Japan's (BoJ) 2.0% target. Additionally, the Core CPI (YoY) experienced a decline from 3.5% to 3.1%. The Bank...