And there they go! The 2Yr bounced right at the support level, AGAIN It is forming lower highs though. 10Yr #yield looks a bit weaker that its counterpart. TVC:TNX In reference to the #interestrate post after the one quoted... The weekly up trend is NO LONGER BROKEN! TVC:VIX not moving much, interesting.
Euro Area Interest Rate ◻️Reduced from 4.5% to 4.25% as expected ◻️We can acknowledge the pattern & recognize its significance without jumping to any immediate conclusions ◻️Chart will need to be combined with others to make assertions, such as the 10Y/2Y Yield Spread U.S. 10Y/2Y Yield Spread with U.S. Unemployment rate The amount of months that have...
The European Central Bank raised Interest Rates by a Quarter of a percentage point Thursday, judging that Inflation remains too High ; even as data points to a deepening economic downturn in the 20 countries that use the euro. The move takes the benchmark rate in the euro area to 3.75%, the highest since October 2000.
In the financial world, Bitcoin is garnering attention with the hypothesis that it could hit the $100,000 mark before the US Presidential election. Recent trends in Bitcoin have seen significant growth, as predicted yesterday, BTCUSDT continues to rise, currently forming a cup and handle pattern with support around the $67,000 area. With the increasing...
source: EUROSTAT The inflation rate in the Euro Area declined to 2.9% year-on-year in October 2023, reaching its lowest level since July 2021 and falling slightly below the market consensus of 3.1% . Meanwhile, The Core Rate, which filters out volatile food and energy prices, also cooled to 4.2% in October; marking its lowest point since July 2022. However,...
I'm entering a short position of 4 lots on FX:EURUSD at 1.0865. This trade setup is based on my analysis of recent price action and key support levels. If we break below 1.0827, I believe this will confirm that the top for FX:EURUSD is finally in, signaling a strong bearish trend. Trade Details: Entry: 1.0865 (Short position) Confirmation Level: 1.0827...
The 2Yr yield has paced itself recently. The 10Yr #yield is picking up steam. Both went from a bearish moving average crossover, circles, to a bullish (Data not seen here, more info in profile) 2Yr is almost @ last years bank failure rates. 10Yr has been trading mostly above. Weekly 2Yr looks like it wants to skyrocket, if breaking out of the ascending triangle...
-Resistance trendline unbroken -Bearish divergence on the Wolfpack -"Overbought" on the RSI -Curling price action
Here is why we think gold prices will go up (FUNDAMENTAL ANALYSIS) Lower Core Inflation Numbers and Potential Fed Rate Cuts: The recent core inflation report came in weaker than expected, signaling a sluggish economy in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider cutting interest rates to...
Late last year the Spread of the US/JP Carry Trade hit the PCZ of a Bearish Shark resulting in it pulling back to the 50% Retrace, this came ahead of Bearish Action in the stock market and strength in the JPY. However, the bounce at the 50% retrace indicates that it could turn into a Bullish 5-0 which would result in higher highs. In addition to that, the leverage...
TBT is shown here on a weekly chart. It transitioned froma downtrend into the present trend up two years ago with the initiation of the rate hikes to cut down inflation by hitting its knees. Inflation was the direct result of the money printing and stimulus as part of the federal response to the complications of covid and lockdowns. Price is now ascending in a...
The EUR/USD pair is poised for a potential downside move as key technical and fundamental factors align. Here's my analysis: Target Projection: With a clear break of 1.06, the EUR/USD could aim to take out the previous year's low, currently at 1.0450, and head straight for the level of 1.0377. This breakdown suggests that sellers are gaining control and may...
Dollar Index TVC:DXY on the cusp of making a major move TA speaking ; (100.8 or 110) - To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh). - Either falling off a cliff headed in to re-visiting Range Bottom of 100.82...
Good Morning Everyone! The 2Yr Yield is retesting the recent support level, highlighted by arrows. The 10Yr #yield is currently breaking the recent uptrend. The yellow box was highlighted in the last post showing the WEAKNESS. However, forgot to speak on that yesterday (see profile for more info). They cannot lower #interestrates... But they must, at least...
Analysis: Factors Driving Gold Prices Up Here is why we think it will go up (FUNDAMENTAL ANALYSIS) Weak NFP Report and Potential Fed Rate Cuts: The recent Non-Farm Payrolls (NFP) report came in weaker than expected, signaling sluggish job growth in the United States. This unexpected weakness has raised speculation that the Federal Reserve may consider...
My brief insight into GBPUSD after the BOE interest rate decision yesterday. Interest rate stayed the same and price eventually moved in-line with this sentiment. As price has corrected against the pre-dominant bearish trend, this is only a short term move.
- The Bank of England (BOE) decided to deliver its #inflation medicine in a bigger dose at their recent monetary policy committee meeting. The bank made the shock decision to raise borrowing costs a half percentage point, taking the official rate to 5% ; double the size of the increase anticipated by most economists. BoE hiking interest rates to 5% , it adds...
#XAU/USD #Analysis Description --------------------------------------------------------------- + GOLD price is currently trading inside the triangle and the price has been ranging since May + I'm expecting the price to break downwards as the overall trend on lower timeframe is bearish. + We have good opportunity for a short trade here....