The Bank of Japan increased the permissible band for long-term rates. The BOJ maintained its Yield Curve Control (YCC) targets. US equities have been dragged lower due to recession worries. Asian equities plummeted following an unexpected adjustment by the Japanese central bank to its bond yield limits on Tuesday that will allow long-term interest rates Read More…
The recent price action and how it signals further bearish momentum Analysis of the downward trend line, the anchored VWAP, and the Fibonacci retracements Potential targets bears could be looking to re-enter short positions Understanding Recent Price Action The long-term downtrend line continues to act as resistance as the CPI report shot the price through Read More…
The US dollar fell on Monday as market sentiment improved. Yen futures rose on news that Japan will explore changing its monetary policy. The outlook for Europe’s largest economy brightened in December. Currency futures prices rose on Monday as the US dollar fell and market sentiment improved, lifting stocks and riskier currencies. Yen futures rose Read More…
A look at the 2021 high that is a significant support and resistance level The RSI remains bearish with no signs of a reversal Potential bearish targets from 1-2-3 reversal and trend channel analysis Long Term Outlook We have been tracking the CL price for some time now as we watch the daily trend continue Read More…
There are increased recession worries as major central banks continue hiking rates. The Bank of England may be nearing the end of its tightening cycle. Retail sales in the United States declined more than forecasted in November. Gold prices increased on Friday as the safe-haven dollar decreased, giving up some significant gains in the previous Read More…
There is a minor support zone at $1,786 we are still monitoring closely Rising wedge, triple bottom, and bearish divergence are giving clearly defined targets Recap From December 7th The minor support zone at $1,786 is back in play once we mentioned GC may bounce out of it from our analysis on December 7th. Gold Read More…
