Investors are awaiting a wave of rate hikes from central banks. There is a 20% chance that the Fed will raise rates by 100bps. Investors worry the Fed will tip the US into a recession. Investors anticipate additional significant interest rate increases from central banks to tame inflation. Sweden set the tone early in the Read More…
Minor support level broken Downtrend continuation with $11,592.75 as a target for Bears MACD slightly oversold in the short term Fibonacci Retracement levels On Monday, September 19, the trading session opened lower, and the Bears seem firmly in control now. Connecting the June 16 Low to the August 16 High with Fibonacci retracements gives the Read More…
Japan’s inflation increased by 2.7% in August. The BoJ is pressured to tighten monetary policy as inflation stays above its 2% target. The BoJ is looking set to intervene in the yen’s recent declines. The Japanese Yen (6J) futures price has pushed off its 24-year low. This rise can be attributed to the increase in Read More…
The daily trend is still bearish Price consolidating around the $1 level Range-bound trading opportunities on the 2-Hour Chart Introduction Because of the worse-than-expected CPI data and a strong Dollar, we can take advantage of many potentially good trades available in the markets currently. The fear of an economic crash in Europe is rising due Read More…
Gold prices have lost nearly 20% of their value in the last six months. Inflation in the US is still very high. Rate increases in the US are making non-yielding gold less attractive. The gold (GC) futures price has decreased by $400 per ounce, or 19.45%, in the last six months. There has to be Read More…
Signs of rolling over effect on the weekly chart Consumer Price Index (CPI) report is bearish for markets in general Bull case: Support band+point of control volume profile Weekly Chart Notice on the chart below how we see a rolling effect as prices retrace after a sharp move down. When we see these patterns form, Read More…
