Medium Term Outlook on Weekly Chart looks bearish Fibonacci Fan & Retracements Show more downside potential Possible Scalping opportunities abound for the Bulls Medium Term Outlook The fact that YM has broken below the previous 2022 low, coupled with the Feds stance on interest rate policy, gives much power to the bear case. There is Read More…
Investors are worried the Fed will send the US economy into a recession. Top central banks worldwide have raised rates, increasing global recession worries. The fiscal policy situation in the UK is creating a risk-off market environment. Fears over the Federal Reserve’s incredibly aggressive policy tightening caused major equity futures index prices, including the E-mini Read More…
A recap of last week’s analysis. Multi-year support broken to the downside after 2 years A look into the Fibonacci Fan Analysis Last Week’s Recap Two potential scenarios were given for GC in our analysis from last week. Scenario two has played out with the gold price finally breaking below the multi-year support, which has Read More…
The UK’s global image could be severely damaged as the Pound tumbles. All focus is on the BoE’s response to the falling pound. Truss’s team is convinced their policies will promote faster economic development. After falling to record lows, the British pound (6B) futures is getting closer to parity with the US dollar. Whether or Read More…
NQ is only 200 points away from its yearly lows. The momentum indicator is firmly in the negative. Why it could be time to sit on our hands. Recap of last week’s analysis We pointed out the potential bearish target of $11,592.75, which was our 78% Fibonacci level. It was a clear target for bears, Read More…
Japan’s authorities intervened to buy the Yen, pushing prices up. The monetary policy divergence between Japan and the US continues to grow. Analysts doubt there will be more interventions to stop the Yen’s decline. The Japanese Yen (6J) futures prices went up sharply last Thursday when Japan’s authorities finally made good on their promise to Read More…
