This monthly chart of the Golbal X Silver Miners looks bullish. After a decade of pullback and consolidations, silver miners seem ready to rise. We like the recent increase in volume and the bullish structure on the MACD. A break above $39 would exit the downtrend line linking the tops and would confirm the exit of this long wedge. Next resistances at $53then...
Today, we want to draw attention to the price differences now versus a year ago for multiple assets. While some commodities make a case for the reacceleration of inflation (presuming they continue higher), others do not. We would like to hear your opinion on the subject. Also, feel free to share any other assets we omitted. Illustration 1.01 Illustration...
Banks and Economic analysts predict another upcoming devaluation for the EGP. I predict it will fall in value relative to USD by 14%, as the gold prices in Egypt are 14% higher than the global market.
-Strong break out of descending channel -Resting on .618 -Will likely backtest the channel first (BTC loves to backtest triangle/wedge/channel breakouts) -Approaching the 10 year trendline I wrote about in my previous analysis ~$80,000, 2.618. Very interested to see what happens up there. -Bulls defended the relatively steep 1Y support -MACD ready to cross over...
If you look at the EUR/SATS Chart you realize, fiat is trapped in a never ending downward spiral. Do we achieve 1SAT = 1EUR in 2030?
January we saw a steady grind higher in US equities until this week. This week felt very much like a repeat of last month, but the sell-off this time was bigger and faster. The market commentators are already speculating that this could be the start of a major correction in equities. The driving force? A rapid fall in long-term US treasury bond prices. Bond...
china is devaluing again. when a country devalues (likely due to copper/input prices) it imports inflation (weakens currency) and exports deflation (strengthens competitors currency). looks like everyone may be wrong about inflation in a massive way if this baby really squeezes.
The 'Stimulus Optimism Trade' is back Around the world, major fiat currencies are looking at major devaluation. In the US, a stimulus deal is in the works with a bipartisan group of lawmakers in discussions for $900+ billion deal to stimulate the economy. Last month's jobs report showed that economic recovery is slowing down. This may have tipped Democrats...
EUR / USD very soon to break the most important trendline of the history We could see a big devaluation of the dollar against the euro in the following years Time to exit the fiat system ?
There is some issue regarding the dollar at this point. The devaluation could be in the process so far there are a lot of things behind but let's make it easier. If price breaks from this rising trendline lower It could lead price further lower indicating bearish domination. Expect S1 or S2 of weekly pivot if this breakout happens lower with strong momentum.
downfall of the dollar ?? Thanks for viewing the chart and please leave a like as a sign of appreciation for taking my time and I will thank you for taking yours aswell Cheers and may God bless
Within this 4 hour block I expect a super move of a CAD and JPY combined dump. This will cause XXXCAD and XXXJPY to rocket into orbit. Because of XXXCAD and XXXJPY rockets, XXXUSD will rocket too. It is caused by UJ seasonality. It's the final opening bell. That's why it has taken so long to prepare and that's why yesterday was that flat. Mysteriously I have no...
The ones controlling the dollar want to fight back (Trump & cie have announced a while ago). Might happen in 3 weeks once summer is over. Right now the euro is so devaluated and everything... I think downside is limited, but upside can be so strong. It could still go down but seriously... the system would get so broken.... What more can they do? Literally...
Donald Trump wants to devaluate the US dollar. From the South China Morning Post: "The euro – which has dropped nearly 10 per cent against the dollar since early 2018 – is 22 per cent undervalued versus the greenback, according to a purchasing power parity measure of the Organisation for Economic Cooperation and Development. The dollar itself is considered too...
The Yen is the ultimate Safe Haven currency and appreciates against the Dollar and majors during a Crisis. The danger of using the Yen (as an alternative to the US dollar) is that the uncompetitiveness of exports might cause a sudden devaluation like in 1996 or in 2013 with Quantitative Easing
IMO USD had to devalue much earlier. Perhaps already as early as March
USDCHF follows USDJPY and USDCAD because of the correlating common denominator USD
Exotic currency to watch for ---> South African rand USDSAR, Mexican Peso USDMXN and Turkish lira USDTRY TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe! Long term bullish on USDTRY but we might see a retrace from higher...