Merry Christmas to all, I hope you and yours are well. My present to you this year is the one chart you should ALL be watching. SPX/GOLD Risk On (Equities), Risk Off (Gold). It will save you a TON of time/headaches, if you follow this chart. In this video I go over why you should use it. How your portfolio would have been managed the last 50yr, and at the end...
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...
Quick take on CADJPY the most simplest form of analysis you will get no need to over complicate things
Daily market morning and evening updates tune in for my insights to how the day will unfold
⭐️Key Takeaways⭐️ ✔️ AUDUSD is that risk-on sentiment currency - should monitor SPX for correlations. ✔️ Gold continues to maintain it's bull run but struggled to break above $2000. A correction is gold could signal strength with the buck. ✔️ Small timeframe rounding top action but could transition into a gartley pattern ⭐️Technical Analysis⭐️ As long as the US...
At the moment we should be cautioned in the stock market as it looks like a risk off sentiment is developing. However this risk off sentiment has not been confirmed yet on the weekly.
In this market insights, I talk about the reason #FX Majors were muted; on the back of a shift to riskier assets i.e. the equities I dive into euro, pound, dollar and the safe-haven yen to provide you with my short-term analysis. I also talk about what to focus on for the rest of the week and with crunch talks around the allocation of US’s $1.3tn spending...
USDJPY could move higher towards the 1.618x Fibonacci extension of the latest bullish minute pattern started on 107.88. This would validate the recent breakout above 109.32 as well as the intermediate degree structure which has a medium-term target near 114.55. The pair, however, could have just ended the intermediate move to the upside at the 2x Fibonacci...
In today’s #marketinsights video recording I analyse #GBPUSD, #EURUSD and #USDCAD! Another failed Johnson attempt to get Parliamentarians to vote supports the #pound as now chances of an extension increase! Both an October exit (highly unlikely) or an extension could see mainly #pound and in a smaller degree #euro gain. Meanwhile, in Canada Trudeau won the...
USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower. Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25 Look for a valid breakout above minor 1 at 6.0373! Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near...
In this video update, we take a look at USDJPY as price looks to be finding support at the key demand zone. The US Stock markets also finding support shows a potential shift to a risk on market. This should see the sell-off in JPY and a change in cycle on the 4hr timeframe. A close above 110.00 will be ideal for long opportunities to 111.00.