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TMF Bull Treasuries Triple Leveraged LONGTMF as shown on a 15 minute chart shows TMF in consolidation at the beginning of the weeks followed by a downtrend when the fed news of the rate hike came out. Today the general market dropped after some federal financial data came out and a treasury auction was a dud with little buyers confounded by Bank of Japan actions inconsistent with the path of the US Fed. The mass index indicator has signaled a reversal as the signal rose above the reversal zone and then dropped below the zone thus triggering. The Relative Trend Index documents the end of the downtrend with the signal line nearly returning above zero. Overall, I think this leveraged ETF overreacted to the federal news and the catalyst from Japan. I believe this to be an good point to enter long using the pivot low as the stop loss. Targets are 7.20 just below the mean anchored VWAP and 7.45 just below the lower boundary of the high volume area of the intermediate term volume profile. This offers modest potential profile for a relatively low risk.
AMEX:TMFLong
by AwesomeAvani
GOLD VS USD - The Relationship Between Gold and the US DollarGold vs. the US Dollar Today, while governments maintain hoards of this yellow metal, none uses it to back their paper money. Gold is usually denominated in U.S. dollars. Therefore, there is a relationship between the price of gold and the dollar, in that there can be an effect on gold prices as the value of the dollar rises and falls. While the relationship between the value of the U.S. dollar and gold is important, the dollar is not the only factor that affects the price of the precious metal. Other factors that affect the value of both gold and the dollar are interest rates, inflation, monetary policy, and supply and demand. The prices of gold and the dollar may often appear to oppose each other due to investor sentiments and economic factors, but there is no set or official relationship between the two. Gold is an asset. As such, it has intrinsic value. However, that value can fluctuate over time, sometimes in a volatile fashion. As a rule, when the value of the dollar increases relative to other currencies worldwide, the price of gold tends to fall in U.S. dollar terms. It is because gold becomes more expensive in other currencies. As the price of any commodity moves higher, there tend to be fewer buyers; in other words, demand recedes. Conversely, as the value of the U.S. dollar moves lower, gold tends to appreciate as it becomes cheaper in other currencies. Demand tends to increase at lower prices. Gold does not yield interest in itself; therefore, it must compete with interest-bearing assets for demand. In other words, other assets will command more demand because of their interest rate component. There is also a psychological factor attached to the value of gold. The price of gold is often sensitive to the overall perceived value of fiat or paper currencies in general terms. Here's one way of looking at this relationship: There are approximately 330 million people in the United States, while the total world population is around 7.7 billion.5 Less than 5% of the world lives in a nation where the U.S. dollar is the national currency. Aside from its role as a metal or a commodity, gold is one of the oldest means of exchange known to the human race. In fact, gold has a dual role as both a commodity and a currency. Gold has amazing properties; as a metal, it is soft, dense, lustrous, brilliant, ductile, and malleable. Gold's History and Symbolism Throughout history, civilizations have coveted gold. Even today, gold remains the ultimate prize. Gold is not only a prize and a symbol of wealth, it is also a metaphor. It's an honor to receive a gold medal, to be told you have a heart of gold, or to own a gold credit card. The exchange of gold bands symbolizes love and marriage in many societies. Gold is the ultimate symbol of the pinnacle of human achievement. Today it continues to be a psychological barometer of market sentiment. Gold is a rare metal. In the history of the world, mining has produced only 187,000 tonnes. The fact that governments worldwide hold gold as a foreign exchange reserve highlights the importance of the metal. Throughout history, many governments used gold to back their currencies, creating a gold standard. Gold's Role The role of gold as a currency is ubiquitous around the world. Throughout history, gold has been money. The ancient philosopher Aristotle wrote that money must be durable, divisible, consistent, and convenient and that it must possess value in itself. Gold meets all of these characteristics. During times of fear or geopolitical turmoil, the price of the historic metal tends to rise as faith in governments falls. During times of calm, the price of gold tends to fall. As perhaps the world's oldest and most storied currency, gold is an essential barometer in terms of global economic and political well-being.
TVC:GOLD
by ProTradingPoint
We hope to entry in sell off in EUR/USD in the news of USDHello guys and good evening. So, in this technical analysis we see that EUR/USD has completely the chartist pattern Shoulder Head Shoulder. I'm so sorry in my lastest technical analysis, but I did not make a technical analsysi very well and was very late to analalysis then. So, I hope that EUR/USD is reach at the zone of $1.1243-1.1260 to make a sell of using the most important price action to entry in short position. So, now, there are a fundamentals today about the USD. So, the FED it's wanna to start purchasing U.S. corporate bong of governments and the sentiment at the expense of safe havens. This mean a risk sentiments of what FED do. So, correlationed in the fundamentals I see an EUR very bullish to reach that zone to put in short, so only hope what decided the FED. And in Daily timeframe, we see a strong sell and th price it's can be to enter again in the same bearish channel and goes to the level of 1.07 USD.
Short
by harisonhbn9718
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