Officials at the central bank are staying tight-lipped over the magnitude of the interest rate cut. What we know so far: there will be one. What we don’t know: is it going to be 25bps or 50bps? Federal Reserve Chairman Jay Powell (or JPow if you’re a cool kid) is most likely having a hard time sleeping these days. Lurking in the near distance, September 18 to...
Bitcoin will mega dump incoming weeks/ months it will create massive downside on altcoin altcoin will die and no alt season just realized based on data, dont be bull boy
TBT is an inverse 20 year Treasury Bill ETF. At present, the Iran Israeli conflict threatens a regional conflict to include the Red Sea and the Easter Mediterranean where oil tankers must navigate to move oil from producer to consumer. Oil price escalation could go hand and hand with geopolitical escalations. Oil and its derivatives are a primary driver of...
No important economic data from US this week, only trade balance and initial claims to observe on Tue and Thu respectively. US stock market continued decline on Fri, following weakening labor market conditions and earnings from big tech companies last week. In expectations of rate cut, big shots are reducing portfolios. The situation may last until we actually...
This week, I’m focusing on buying opportunities more than shorting. Here's a key level and some important advice if you’re trading Japanese Yen related pairs. Current Overview: - Key Level for Buying: 1. Support Level: 153.45 2. What to Do: Wait for a Magic Candle Confirmation at this level to enter a buy position. Important Event Alert: - Date: 31...
I would expect a temporary bullish after the news from BOE interest rate. Based on my sole opinions, there might be no changes from the forecast of 5.25% due to UK inflation rate is under control. Based on price action, I have created a new dealing range from Tuesday 18 June - Low to yesterday High. For the Pound to be bullish , I want to see that price draw...
The interest rate remains unchanged while the BTCUSD price is struggling at a trend resistance. The Fixed Range Volume Profile confirms the strong resistance at $69.5k. BTC is now aiming for lower highs (confirmed today) and lower lows, with the next short-term support being located at $64k. My short position is open. Cheers, Ares
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 ETH has been overall bullish, trading above the rising trendline marked in blue. After rejecting the $4,000 - $4,100 resistance zone, ETH is undergoing a correction phase and it is currently hovering around the $3,500 round number. If the $3,500 is broken downward, a...
Massive day for BTC, crypto and the broader markets as CPI and FOMC take place in a time where BTC has taken a dive back towards the range MIDPOINT. Both CPI & FOMC are forecast to be non movers, with 3.4% and 5.5% respectively. Last month CPI was the catalyst for the move from 0.25 to range high, however some of that hard work has been undone in recent days. I...
For our housing loan, many of us, if you are in your 30s today and all the way to 70 years of age, will likely have chosen floating or short-term loan rates rather than longer-term loan rates. However, everything changed in 2022. Now, we are more likely to choose longer-term loan rates over floating rates. Why? Because today, longer-term loan rates are lower than...
Market Analysis: XAUUSD and EGX30 Performance amid Liquidity Concerns, Corridor Rate Speculations, and Geopolitical Influences Recent market observations indicate that the XAUUSD (Gold/USD) is experiencing a significant upward trend, potentially reaching new record highs. Conversely, the EGX30 index, whether evaluated in Egyptian Pounds (EGP) or USD, is currently...
❤️MY FOREX TEAM❤️ INFORMATION Gold price continues to rise amid growing geopolitical tensions. Gold prices hit record highs above $2,350 even as rate cut bets ease. A rally in gold persisted even as technical indicators showed the yellow metal was squarely in overbought territory. 💲BUY / SELL SIGNAL UPDATES SHORTLY💲 Follow channel for regular updates Everyone...
EU and US spreads are exploding higher as markets start pricing in the spreads between what is required and what is committed (Fed only so far). For Historical reference, price has always followed interest rate spreads
Looking ahead to the upcoming week, our strategic focus centers on EURCHF, as we actively evaluate a potential buying opportunity within the 0.94600 zone. The technical analysis reveals that EURCHF has been consistently advancing in an uptrend, showcasing a noteworthy upward trajectory. Currently, the currency pair is in the midst of a correction phase, steadily...
It seems that the market thinks the Fed is going to reduce the interest rate in 2024, but fed never say that we are going to do that. Furthermore, the DXY is near support area with a +RD. I believe there will be a correction in Nasdaq.
The U.S. Yield Curve (US10Y-US02Y) flattening is a textbook sign of recession. However the S&P500 (blue trend-line) keeps recovering and rising from the 2022 Inflation Crisis. At the same time, the Inflation Rate (black trend-line) may have taken a pause but is on a strong decline, while the Interest Rate (orange trend-line) is turning sideways. The question on...
Fundamental Backdrop Overnight Rate on Wednesday is expected to maintain at 4.50% Technical Confluences Resistance level at 1.36374 Support level at 1.33166 Idea If the Overnight Rate maintains at 4.50% as expected, we could see the price drop towards the support level at 1.33166. However, if the Overnight Rate increases, we could see the price...
Today you can review the technical analysis idea on a 1W linear scale chart for 10 Year Treasury Yield (TNX). In December 2021, I posted a chart showing that the 10Y rate was going to go much higher. I was exactly on point almost to the exact number. Today I was reviewing the 10Y rate chart and saw the RSI formed a double bottom base with the 10Y rate ready to...