Following daily chart. Posting before data accouncemnets but.. Political situations can support this breakout easily. Technically, I think, it's coming. TP 2600-2640 SL 2400 Plase check my previous linked Gold analysis.
During morning trading, the XAU/USD pair is holding around 2500.00. At the end of last week, gold demonstrated a confident upward trend. It was partly supported by expectations of the US Fed’s imminent transition to a “dovish” monetary policy cycle. Analysts have revised their estimates of a possible interest rate cut of 50 basis points, and now, its probability...
The EUR/ILS exchange rate is a crucial indicator of Israel's economic and geopolitical stability in relation to the Eurozone. Recently, it has been under substantial pressure due to escalating tensions between Israel and Iran. This dynamic interplay of geopolitical risks and economic factors creates a complex environment for the Israeli shekel (ILS) against the...
Gold temporarily surged past $2,474 per ounce on Friday, marking a new record high, as a weak U.S. jobs report bolstered expectations of a dovish shift by the Federal Reserve. The U.S. economy added 114,000 jobs in July, significantly below the anticipated 175,000 increase. Gold prices have since pulled back slightly but are still trading just above the 100-hour...
Hello my friends, This was my first top 10 crypto pick back in November 1st 2023 ! I personally entered this trade on 25th September 2022 (at 0.015 cents) but felt sufficiently confident to publish it only 1 year later. It had a great run in April this year, it even touched 10 cents. However the best is yet to come. TODAY it has reached the same price level as...
CME: E-Mini S&P 500 Options ( CME_MINI:ES1! ) On March 24th, I published a trade idea, “Buckle Your Seatbelt for a Market Correction”, where I suggested that the US stock market was due for a major correction. Buying a Put contract on CME E-Mini S&P 500 Futures would be a trade to express this market view. How is this trade panning out? • On March 24th, the...
Financial markets are bracing for the uncertainty surrounding Iran's recent strike on Israel and the potential for retaliatory measures. Mohamed A. El-Erian, Chief Economic Adviser at Allianz, remarked that the current situation may lead to elevated gold and oil prices, alongside lower US Treasury yields and stocks compared to what would have been expected...
Hello everyone, Gold currently confusing traders as it switches between correctional movements and speculative pullbacks. From a technical point of view the 2067 level is now very important for the next move, which I expect to be a short one. Only a daily candle close above can invalidate the short scenario which would have the targets 1980 , 1920 and 1895...
NYMEX: Micro Crude Oil ( NYMEX:MCL1! ) The price of a commodity is determined by its supply and demand. But in the case of crude oil, which is the lifeblood of the global economy, geopolitical risk carries a bigger impact. Examples in present time: In February 2022, the Russia-Ukraine conflict sent crude oil up 72% to $124 a barrel. In October 2023, the...
Here's a simplified analysis for AUD/CAD: Long-term view from the weekly chart indicates a bearish trend. Mid-term perspective on the daily chart shows a broken bullish channel, replaced by a bearish one. Considering fundamental factors: Escalating tensions in the Middle East may increase the chance of the Beijing-Taipei conflict, potentially impacting AUD...
Gold price has been hit hard amid uncertainty over US Retail Sales and Industrial Production data. A strong US Retail Sales data would provide more room for the Fed to maintain higher interest rates. •Further escalation in Middle East tensions could bring some revival in the gold price. Gold price (XAU/USD) witnesses a sell-off after failing to reclaim the weekly...
Following on my previous bullish outlooks on the United Arab Emirates and Saudi index's I figured why not examine what's going on in other parts of the region. And lo behold Qatar also appears to be a major bullish stance. You can see the positive market structure and also a potential rising wedge in formation. Let's keep an eye on this index over the coming years.
stock market chart. On the Day that the UK government has authorised military strikes against Yemen. I take a quick glance at the Saudi stock and see a #HVF in progress. Saudia Arabia as version of the #UAE, as it reinvents itself is the investment thesis, if your morals allow. We can get upset about geopolitics But the war machines are powerful and keep...
Emaar From Covid Low of mar 2020, it returned 4x in 3.5 years, more than the best real estate deal one could get. And was liquid all the way.....okay liquid 5 days a week !! At AED 6.3, its available due to the war like situation in Gaza. Load up at the current levels , the best high beta and liquid way to get exposure to Dubai Real Estate.
Despite hitting our target, the US10Y has kept pushing much higher due to economic uncertainty. Biden has requested for an extra $100 billion in Congress to fund the Russia & Ukraine war, to give money to Taiwan & more money to Israel, to carry on their genocide against Palestine. If this $100 billion is approved, then we can expect Bond prices to carry on...
CME: Micro S&P 500 ( CME_MINI:MES1! ), CBOT: Micro Dow Jones ( CBOT_MINI:MYM1! ) In the last two stories, I discussed how the prices of crude oil, a strategic energy commodity, and gold, a safe-haven asset, could soar at wartime. Extended reading: “Would the Middle East Conflict Push Gold and Oil Prices Higher?” Extended reading: “MCO: Options Strategy to...
Today's focus: Gold Pattern – Breakout/resistance test Support – 1817.90 - 1918 Resistance – 1944 - 1981 Hi, and thanks for checking out today's update. Today, we are looking at the Gold on the daily chart. So price has moved rather quickly today to the upside. Earlier, I was watching the consolidation and wondering if buyers might test it. Well, they not...
NYMEX: Options on Micro WTI Crude Oil ( NYSE:MCO ), Underlying Futures: NYMEX:MCL1! Riding on last week’s story on TradingView, “Would the Middle East Conflict Push Gold and Oil Prices Higher?” let’s explore option strategy to hedge event risk. Last week, we’ve revisited the event driven strategy and how it could be leveraged to hedge event risk: • I...