The BoE’s decision. As widely expected, the Bank of England (BoE) carried out no change to its monetary policy during its meeting yesterday. Interest rate remains at 0.10% with all eight voting committee members voting for no change. Quantitative easing (QE) remains at £895 billion in total. Michael Saunders, one of the hawks of BoE, voted for a reduction in...
Just a couple of days before the release of the long-awaited U.S. nonfarm jobs report, several Federal Reserve committee members expressed their hawkish views on an QE tapering. Fed Vice Chairman sees QE tapering to start this year. During his speech at the Peterson Institute for International Economics yesterday, Fed Vice Chairman Richard Clarida said that...
The RBA’s decision. During their monetary policy meeting yesterday, the Reserve Bank of Australia (RBA) kept its monetary policy unchanged, holding interest rate at 0.10% and quantitative easing (QE) at a rate of A$5 billion per week. A little surprise. With the recent spike in COVID cases in Australia due to the highly contagious Delta variant, the market was...
Gold is showing us a really nice looking monthly inverted head and shoulders pattern which target would bring it to new all time highs Check out my Inverted head and shoulders analysis on Ethereum back in 2020 november which did hit the targets
S&P500 - Heading for a 10 - 20 % correction The break of the trend line is a significant sign and one of the first signs of market crashes.
We know whats to come as the CAD continues their QE exit plan. Price was MANIPULATED yesterday, i believe, in order to sell these pair at the upmost PREMIUM PRICE there is for now! EURCAD TARGET 1.458 (Weekly low.. for now lol) then let the risk free USD CAD TARGETS 1.119 (Or anywhere at least SUB 1.2)
We are living through the greatest economic expansion in American history. It has become very clear to me that the stock market is no longer a measurement nor reflection of the health of the "real economy" where average everyday people make their income. If it was then the federal minimum wage should be over $30 an hour compared to economic gains our economy has...
The Canadian dollar continues to drift this week. In the Tuesday session, USD/CAD is trading at 1.2532, down 0.02% on the day. All eyes will be on the Bank of Canada policy meeting on Wednesday (14:00 GMT). The bank is expected to maintain interest rates at 0.25%, where they have been pegged since last March, at the start of the Covid-19 pandemic. Any drama will...
Bear trap at 93 cents is almost confirmed and if we head down, look back longer period charts to get guidance on there the key long term support is. I would not short the USD but it's hard to imagine the world is going to flock to the overvalued USD since endless debasement is not endless. Yes, it's endless as the ravine is endless.... The only thing that's...
Gold is completing a correction and setting up for a move to the downside Share thoughts in the comments. Like and follow Good Luck
🎈 Given the absence of important fundamental statistics today, the pressure on the euro was also limited in the first half of the day. After an unsuccessful attempt to break below the monthly lows, the pair returned back to the opening level. 🔑 From a technical point of view, nothing has changed. Bears will continue to focus on breaking through and fixing below...
So, the benchmark Malaysian Penny Stocks Index (FBMACE) just went into melt up mode. The indices were almost near its all time low on March and now has broken all time high and more than tripled in a matter of 5 months. What is going on? Simple. The Malaysian Market is SMALL in the grand scheme of things. There is nothing Fundamentally strong about Malaysian...
The DXY finally broke out of the channel it's been in from 2011, I would wait for a confirmation to call this a bearish breakout. If DXY were to reverse, and head back north, this will make it a bear trap, with dollar possibly shooting higher to 1. bullish target zone.
Lets see if it goes down to the low/bottom 1.07k. Could breakout each attempt at following the channel but lets see
If we go above 3400 its the new bottom until correction/crash. 3k first line of defense for bulls or bears. Then 2500-2800 ish . 2200 absolute bottom backed by fibo level and 50 year old channel. So if we stay above 3k/2200 then technically, buying the 5-15% dips, going long twice a month 60day exp and its free money. Recession reverted/postponed, thanks JP
A simple look at more recent boom and bust periods of the S&P500 Thinking Out Loud Is the QE Bubble bursting before our eyes? Will we see an all time high before a huge collapse and more Stimulus/QE? Opinion Outlook seems bearish for the long-term. These market levels are not sustainable, and inorganic, we are in the last phase of the QE bubble...
You can see from the previous idea in the related ideas that silver reached 18 usd We have the same pattern so silver can go to 20 usd Silver is very bullish because there is QE and dollar is weak Same for all precious metal Technical aspect 3-5 Elliot wave ?? Good luck