End of day update from us here at KOG: We had a decent move today with last nights resistance holding price at 2520 giving the opportunity to short into the bias level targets 2500 and 2497. Unfortunately, we didn't get the short from that higher level that we wanted, but managed to get something out of it. We've now corrected the move back up into the order...
Equities Rise as Traders Await This Week's Earnings, Jackson Hole Symposium Current Outlook: The trend suggests a potential upward movement as long as the price stays above 40,800. However, consolidation is expected between 41,030 and 40,800 until a breakout occurs. Bullish Scenario: Trading above 40800 will likely support a rise towards 41030 and above it will...
Market sentiment is leaning towards three more rate cuts from the European Central Bank (ECB) this year, while economists are more cautious, expecting just two. Should the economists be correct, 2023’s high for the EUR/USD pair could be back in play. The market's confidence in ECB rate cuts outpaces that in the Federal Reserve. The Fed, facing closer scrutiny,...
Traders will next hear from Federal Reserve Chair Jerome Powell during his highly anticipated address at the Jackson Hole Economic Symposium. The key question hanging over the market: Will Powell use this speech to pave the way for a potential interest rate cut in September? Scott Helfstein, head of investment strategy at Global X, argues that Powell should take...
As my analysis for EURUSD, The price stuck on the weekly support which highlighted based on the chart. The Weekly trend still in bullish position but still find out the direction either down or more higher for long term position. As the US want to keep their monetary policy, keep going fight the inflation, probably, USD will take an advantage to keep them...
This weekend we have Jackson Hole meeting. Uncle Powell and aunt laggard will sit together and decide what will happen to FX:EURUSD . Let's see if they allow Euro to bounce from here. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
With treasury yields hovering close to their highest point in the past 15 years, attention is squarely focused on the forthcoming policy speech by Fed Chair Jay Powell this Friday at the Jackson Hole event. The primary interest lies in gauging the current level of hawkishness exhibited by the Federal Reserve. Anticipations are that Fed Chair Jay Powell will...
KOG Report: In last week’s KOG Report, we said we would keep the bias as bearish below 1945 and we would be looking for the target level of 1890. Ideally, we wanted the support levels to hold giving us a move for the long trades, and then we would be looking upside resistance to short the market again down into the given level. Unfortunately, we didn’t get the...
New York Times Co Short Term - We look to Buy at 29.68 (stop at 27.17) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 29.60. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher....
Powell's Speech at Jackson hole Symposium to decide the direction of NIFTY and other global indices. Green lines support red lines resistances. Unfortunately we could not end above 50 hours EMA. Despite multiple attempts today. Good outlook from Powell can give us gap up above 50 EMA. Otherwise things can slide down side next week. Supports : 17484, 17346,...
A measured move brings BTC down to 18K. Jackson Hole Symposium approaching tomorrow coupled with Friday equities profit taking could lead to continued bearishness over the weekend. Thoughts?
Oil is going through an indecisive patch. Was this a Double top? That is the key question we need to answer. Let us look at some fundamentals: as the world swings towards a recession, the demand for Oil will see a further fall. Japan wants to restart their nuclear plants, the world is looking for ways to ween off Gas and Oil. Germany & Canada signs a deal to...
In this video I breakdown some headlines to look out for that should move the oil market one way or the other. I also run through the USD situation right now and explain how that could create moves in the oil market. Then I run through the chart to show you what I'm looking for to enter a trade.
📝 Weekly gold analysis ◽️ The rise of the dollar index last week was able to put pressure on gold and we saw the drop in gold prices last week ◽️ The previous meeting of the Federal Reserve did not clarify the tasks of the traders very much, so the traders are looking to the next meetings for their final decision to see signs of an interest rate increase or...