Baed on the supply worries and the potential boost from chinese economy, there could be a move upwards, short pullback and then a move for the (needed) 80-level.
Rumble has been bouncing up and down from clear looking zones. Rumble bounced from support this week and is looking bullish! Trade safely! Let me know what you think!
The problem with raising rates to deal with inflation is if you have debt the entire system will seize up. We should be understanding why on earth there is so much interest on Russia at the moment, its because the USA is literally stuck with too much debt, not low enough inflation, BRICS *Russia* notices this and has made a move right in our faces. And honestly...
The energy transition - the process of moving away from greenhouse gas intense energy consumption towards more renewable energy sources - presents a significant positive demand shock for the metals needed to build out grid infrastructure, distribution and transmission cabling, vehicle charging infrastructure, battery components, solar panels, and wind turbines....
Despite a quiet start to the week for the US holidays, there is still plenty going on. The Reserve Bank of Australia unexpectedly kept interest rates at 4.1%, sending the Aussie dollar lower before flying back like a boomerang to where it was trading, at 0.6680 against the USD. On Wednesday (21:00), we get to see the minutes of the FOMC's last meeting, where they...
Ford triggered an entry for a wonderful setup. Green lines are targets, red is the stop. I"m long on Ford!
Gold took a hit this week as the dollar rebounded after the Bank of England raised interest rates by half a percentage point — twice more than forecast — saying it needed to act against "significant" indicators that British inflation would take longer to fall. U.K.’s main interest rate is now at 5%, the highest since 2008 after the largest rate increase since...
On GBPCAD, we have a price at around 1.6885. My entry target is expected in the 1.6894 zone, where we have a supply zone generated within another supply zone. Following the Forex48 strategy, we have our bearish setup. The rebound target in that area is set at 1.6770 with a risk-reward ratio of 1:2. If you'd like, please share your opinion. We would be grateful....
In previous days US dollar index made a serious down trend towards 102 level ..the bearish scenario is still valid until it move above 38.2% FIbo level..so we could see a small correction then a huge sell as an impulse.
During the European session, the US/JPY pair remains stagnant, trading within a limited range just below the significant resistance level of 140.00. The market is characterized by volatile fluctuations as investors adopt a cautious approach in anticipation of the upcoming release of US inflation data. In London, S&P500 futures have gained as investors hope the...
We have a big week of data US inflation figures are released tomorrow and are likely to show a continued disinflationary trend, with the headline rate falling to 4.1%. This will help the Fed remain on pause for the Wednesday rate decision. The major level to watch to our mind is the tentative downtrend drawn from the October 2022 high. This comes in at 3.88....
With this flash crash, presumably caused by US-Iran news about a possible swap of nuclear program for oil sanctions , we're back to the scenario where wave [ 2] is already complete and we're in a leading diagonal formation. The nefarious option of an expanding diagonal remains, but it is less likely.
Fundamental Backdrop BOC monetary policy statement today, expected to maintain. Potential bearish pressure coming into USDCAD if BOC hikes. Technical Confluences Near term resistance level at 1.36374. Near term support level 1.33166. Idea We believe that the BOC will maintain interest rates and this will solidify the notion that USDCAD will...
Fundamental Backdrop RBA hike rates by 0.25bps today, resulting in strong bullish momentum. RBA hiking rates highlights the stubborn level of inflation that AUD faces. Technical Confluences Near term resistance level at 0.67066 where price can potentially react to. 0.67066 will serve as a point of target. Idea Will wait for retracement before...
Fundamental Backdrop ISM Services PMI forecast at 52.6 with 51.9 previous. EUR Services PMI along with ECB Lagarde speaking may induce volatility in the market. Hawkish tone will result in bullish momentum in EURUSD, vice versa. Technical Confluences Resistance level at 1.0765 where price has rejected. Support level at 1.0533 which could be a potential...
Fundamental Backdrop ISM Services PMI forecast at 52.6 with 51.9 previous. Technical Confluences Resistance level at 1983 Support level at 1946 Price is currently hovering around the support level and we could potentially see rejection off this level Idea Monday asian session, hence will wait for price to stabilise before entering onto any...
Turning our attention to US-Oil as our second highlighted pair this week, we've witnessed a complete reversal in order flow. However, I anticipate another change in the upcoming week. There are two possible scenarios: either we continue with the current bullish momentum, further accumulating liquidity, or we reach the upper range boundary and switch to a bearish...
There are several macro catalysts looming that are expected to play out in the next days and next couple of weeks. - DEBT Ceiling - FEDNOW launch - SEC vs Ripple FED and US TREASURY - DEBT Ceiling The United States Treasury is going broke, the FED is broke and banks are crumbling. The market crash actually started back in September 2019 when the yield curve...