Get started

Ukraine

Bears Are Giving Up Already?Weekly Time-frame Awesome Oscillator is already bullish we printed green volume for weekly volume. We are about to test the supply area were we always get a rejection, if we hold this time it can flip it and turn it to base and start another rally to the upside. 1D Time-frame Greed and Fear index is now #31 which is fear only. seems like we are holding on this area and we are gonna start pumping again as we have printed a bullish engulfing candle pattern. RSI is also bullish above its Moving Average (MA). We are currently resting in the demand zone that is why we are bouncing as we touch the $42,000. Supply Area that needs to turn as Demand Area is in $43,000 - $46,000. If we touch the demand area we can expect more to the upside. 4H Time-frame Our signal last night is now in profit. We just hit the entry in $42000 now its starting to be profitable. We are hoping that this base demand area holds so we can pump and break another Supply Area. RSI and AO are all bullish. Long position liquidated reach up to $66M which cleared the way to the upside. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:BTCUSD.PLong
by Trade_Scholar
Pound jumps on strong mfg. dataGBP/USD has resumed its upswing after a quiet start to the week. GBP/USD is trading at 1.3261 in the North American session, up 0.75% on the day. It was just one week ago that the pound was in the dumps, falling to the symbolic 1.30 line. Since then, the currency has gone on a tear, gaining around 2%. With plenty of turbulence and uncertainty, from the Ukraine war to oil prices to sizzling inflation, we could see further volatility in the currency markets in the short term. UK industrial order expectations for March jumped to 26, up from 20 in February and above the estimate of 16. Manufacturing output remains strong, as the sector continues to expand. The strong reading helped boost the pound today. The UK releases the February inflation report on Wednesday, with the markets bracing for an acceleration in inflation. The headline reading is expected to rise to 4.2% YoY, up from 4%, while Core CPI is projected to climb to 5.0%, up from 4.4%. The BoE continues to revise its inflation forecast upwards and has warned that CPI could hit a staggering 10% by the end of the year. The Bank has raised rates three straight times and seems likely to continue tightening in order to curb red-hot inflation. The surge in inflation has made government borrowing more expensive, and the cost of servicing the UK's national debt continues to rise. This poses a serious problem for Chancellor Rishi Sunak, who will deliver the annual budget on Wednesday. Consumers and businesses will be looking for goodies in the budget, but Sunak may be limited in what he can do, as he must allocate billions of pounds more for borrowing costs as a result of inflation and higher interest rates. In the US, Fed Chair Powell delivered a strong, hawkish message to the markets on Monday. Powell came out swinging, saying that the Fed was prepared to be more aggressive in raising rates if needed. Powell's message was crystal clear, as he noted that “the labor market is very strong, and inflation is much too strong” and said that the Fed would not hesitate to implement 50-basis point increases at future meetings if necessary. In response to Powell’s hawkish message, US Treasury yields rose on Monday to their highest level since 2019 and the upswing has continued on Tuesday, with the 10-year Treasury yield rising to 2.37%. GBP/USD has broken above resistance at 1.3259. Above, there is resistance at 1.3341 There is support at 1.3130 and 1.3048
by OANDA
1
$UVXY taking profit for a 38% gain 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Recap: My team entered $UVXY on February 9, 2022, at $12.60 per share. Our team took profit on $UVXY this morning at $17.42 per share today to secure a 38% gain. Congrats to those of you who took this trade! ENTRY: $12.60 TAKE PROFIT: $17.42 If you want to see more, please like and follow us @SimplyShowMeTheMoney
CBOE:UVXY
by SimplyShowMeTheMoney
1
$MARA 500-yard dash 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Today team purchased shares of digital mining bitcoin company Marathon digital $MARA at $21.30 per share. Our take profit is $26 with a stop loss at $20.75. Our Entry: $21.30 Take Profit: $26 Stop Loss: $20.75 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MARALong
by SimplyShowMeTheMoney
2
$MARA sold our shares with a 28.5% gain 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team purchased shares of digital mining bitcoin company Marathon digital $MARA at $21.30 per share on February 23, 2022. Our take profit was originally set at $26 but we were able to sell our shares after hours today at $27.5 for a gain of 28.5%. We sold early to secure our gains since we were already up so much, but my team believes that the uptrend will continue. Congrats to those of you who took this trade! Our Entry: $21.30 Take Profit (HIT): $27.5 Stop Loss: $20.75 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MARALong
by SimplyShowMeTheMoney
4
What Will A Geopolitical Compromise Means For Markets?Henry Clay was a US Senator from Kentucky, the Speaker of the House of Representatives, the US Secretary of State, and a Presidential candidate in the 1800s. His legacy and nickname were “The Great Compromiser” for his involvement with the Missouri Compromise, the Compromise Tariff of 1833, and the Compromise of 1850. As Henry Clay understood, any great compromise means that both sides at the negotiating table must come to an agreement that makes them uncomfortable or incomplete. The price of an asset is always the correct price A messy geopolitical landscape Option one- A Great Compromise- High Odds Option two- A prolonged conflict Option three- The unthinkable In 2022, the geopolitical temperature has risen to the highest level since WW II. On February 4, Chinese President Xi and Russian President Putin met at the opening ceremony of the Beijing Winter Olympics. The leaders signed a $117 billion trade agreement, but the watershed event was the “no-limits” cooperation understanding. Twenty days later, after the end of the Olympics, Russia invaded Ukraine, launching the first major war on European soil in over three-quarters of a century. Many analysts believe the Russian invasion sets the stage for Chinese reunification with Taiwan. Markets reflect the economic and geopolitical landscapes. Volatility in markets across all asset classes has increased, and uncertainty is the market’s worst enemy. The war, sanctions, retaliation, and a Chinese-Russian alliance threatens the status quo over the previous decades. The price of an asset is always the correct price As we learned in early 2020 in nearly all asset classes, bear markets can take prices to levels that defy logic and rational and logical analysis. The same holds on the upside as price spikes can reach unthinkable heights. The moves to the upside or downside compel many market participants to sell what they believe are tops or buy when they think the market cannot go any lower. Picking tops or bottoms is more about ego than making money, as the effort contradicts to prevailing trends. Picking a top or a bottom is a statement that the current price is too high or too low, which is always a mistake. Market participants can be wrong, but markets are never wrong. The price of any asset is always the right price because it is the level where buyers and sellers agree on a value in a transparent marketplace. Declaring a market top or bottom is a contrarian statement as it goes against the prevailing trend. A messy geopolitical landscape Two years ago, the world faced a common enemy as COVID-19 ignored borders, race, religion, political ideology, and all of the other factors that separate countries and people. In February and March 2022, the world faces new and daunting challenges: The Chinese and Russian leaders shook hands on a “no-limits” alliance. Russia invaded Ukraine, starting the first major war in Europe since World War II. Ukraine continues to put up fierce resistance. The US, NATO allies in Europe and allies worldwide slapped sanctions on Russia. Russia retaliated with export bans and other measures. North Korea test-fired ICBM missiles. Iran fired missiles near the US embassy in Iraq. Russian missiles came within miles of the Polish border. An attack on Poland triggers article five of NATO’s charter- An attack on one member is an attack on all. China and Russia stand on opposite sides of the conflict from the US and Europe. China plans to reunify with Taiwan against their will. On the US domestic scene, the US remains divided along political lines with mid-term elections in November. The central bank liquidity and government stimulus that stabilized the economy during the pandemic ignited an inflationary fuse before the geopolitical landscape deteriorated. The war in Ukraine only exacerbates price increases as Russia is a leading world producer of raw materials. Europe’s breadbasket in Ukraine and Russia is now a mine and battlefield at the start of the 2022 crop year. Russia and Ukraine typically supply one-third of the world’s wheat and other crops. They are also leading fertilizer exporters, causing problems in other worldwide growing regions. In 2022, the war will lead to rising prices, falling supplies, and the potential for famine and civil uprisings. Historically, food shortages have caused many revolutions. The 2010 Arab Spring that began as food riots in Tunisia and Egypt caused the sweeping political change in North Africa and the Middle East. Meanwhile, the Biden administration pledged to address climate change by supporting alternative and renewable fuels and inhibiting the production and consumption of fossil fuels. US production declined in 2021. After decades of working to achieve energy independence from the Middle East, US policy handed the pricing power to the international oil cartel. Since 2016, Russia has had an increasing role in OPEC’s production policy. In 2022, the cartel does not move unless Moscow agrees to cooperate. Oil prices were already rising when Russia invaded Ukraine, and they moved over $100 per barrel after the attack. Meanwhile, other fossil fuels have moved higher. Coal traded to a new all-time peak. US natural gas rose to a multi-year high, and European and Asia gas prices rose to record levels. Rising energy prices fueled inflation, and the war has poured fuel on an already burning inflationary fire. The war in Ukraine is less than one month old, and the human toll is rising. Tensions are at the highest level in decades. Markets are nervous, and the developments on the geopolitical over the coming days and weeks will dictate the direction of markets across all asset classes. I see three potential outcomes. Option one- A Great Compromise- High Odds In the current standoff, neither side wants to give an inch. The Russian leader faces disgrace or worse if he loses to an inferior military but impassioned Ukrainian population, many of who would choose death over capitulation. The US and Europe do not want to appease Russia like the UK’s Nevil Chamberlain appeased Hitler in the 1930s. China may support Russia, but the world’s second-leading economy has close economic ties with the US and Europe. A Henry Clay-inspired great compromiser could emerge and come up with a solution where Russia, China, the US, Europe, and the rest of the world walk away from the negotiating table unhappy but with a workable solution. I believe, and it is more than a bit of wishful thinking, that this is the high odds result of the current geopolitical mess, and the result will go down in history as the great compromise of 2022. A great compromise would likely lead to a significant stock market rally and a commodity correction. Option two- A prolonged conflict A prolonged conflict where Russians fight a long and bloody war against Ukrainian forces will devastate the world economy and peace. Russia may capture territory, but it is clear President Putin will never capture the souls of the Ukrainian masses. The Russian brutality over the past weeks will never be forgotten. President Putin did not count on the passionate resistance Russian troops encountered across Ukraine. The longer the battle and the more brutal the weapons, the greater the price for Russians controlling the territory over the coming years. Millions of refugees have left the country, but that leaves over 40 million Ukrainians; most now consider Russians their mortal enemy. A long battle will weaken the Russian military and the Russian leader abroad. A prolonged conflict will cause sanctions to collapse Russia’s economy, causing domestic problems for President Putin and his government. Moreover, skirmishes are likely to break out worldwide. In the early days of the war in Ukraine, North Korea and Iran flexed their military muscles. With Europe and the US focused on Ukraine, China could use the opportunity to seize Taiwan. A prolonged conflict would weigh on US stocks and likely lift commodity prices to higher highs. Option three- The unthinkable The final option is the nuclear one, which is low odds, but a highly frightening scenario. If Russian aggression spreads across the Ukraine border into Poland or any NATO member country, it will trigger Article five that states an attack on one is an attack on all. The US and Russia have the most nuclear weapons, which increases the potential of MAD or mutually assured destruction. In this scenario, it does not matter how markets react as the world would face a disastrous situation. I believe that a great compromise is on the horizon, which would cause markets to stabilize. However, the extent of the compromise is critical as it must address the current situation in Ukraine and Taiwan and threats from North Korea and Iran. Anything short of a comprehensive understanding between the world’s powers will cause years of rising tension and threats to the nearly eight billion people that inhabit our planet. Where is Henry Clay when the world needs him? Expect the volatility in markets to continue. -- Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility , inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
SP:SPX
by Andy_Hecht
2
Could Bitcoin Be Forming A Support Zone? At 40,000 Weekly Time-frame We are currently breaking the $42,622 Resistance Area. Once we flip, it we continue the rally up to $45,000. Top would be $49,012 for the next Rejection Area. Greed and fear index is in #30 which is fear. We are close to going to neutral. 1D Time-frame We have a breakout from the double bottom which is super bullish. Price target at $46,594. Rejection area is still in $45,000. Awesome Oscillator is still bullish, If we get a rejection 4H Time-frame Awesome Oscillator (AO) is still in Bullish Continuation. We are currently printing higher low and higher high. Rejection area at $42,622 if broken we can see another rally to $45,000 before another Consolidation. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:BTCUSD.PLong
by Trade_Scholar
Trading Volume Jumped 19.5%, Will That's Break 45,000?Weekly Time-frame We have filled the wick of the previous weekly candle. This might mean we can start going down again. Top would be $42,045, $44,000.Awesome Oscillator (AO) is still bearish. 1D Time-frame AO is bullish! new volume in the positive the most awaited for the bulls. We might see a retest in $44,393 before going down. We are also seeing double bottom at the moment price target at $46,916. We might see some sideways for two days as there is no volume in the weekends. 4H Time-frame Double bottom in 4h time-frame breakout area in $42,045 before we continue to the upside either we hold the base then pump or get a rejection. We will discuss more on the possibility on our Live. Stay tune and check with us! Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news Trade Scholar, the best cryptocurrency educational community online! Find the content above difficult to understand? Feeling lost about how to trade? Want to learn how to do your Own Price Prediction? We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together! Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BINANCE:BTCUSD.PShort
by Trade_Scholar
Understanding Market Risks Through HistoryIn this post, I'll be referring to the historical chart of the Dow Jones Industrial Average (DJI) in order to explain my perspective on risks associated with the market, and how to respond to current market conditions as a trader and investor. This is not financial advice. This is for educational purposes only . In my previous educational post, I discussed why the Fed's rate hikes were not as significant to us as we thought it'd be. I mentioned the idea of the market already pricing in not only the information itself, but also people's reactions to it as well. As announced, the Fed raised rates on the 16th of March, approving the first interest rate hike in more than three years. As anticipated in my investment thesis, the market handled this well, and the Nasdaq index alone has bounced over 10.49% since the lows of the past 5 days. Today, I'm going to talk about the war in Ukraine from a statistical standpoint, and how this is unlikely to lead to a multi-year recession . Historical Cases - In 1914, the assassination of Archduke Ferdinand marked the beginning of the first global scale war modern society would witness - The war lasted 4 years before Germany admitted its defeat and signed the armistice agreement. - During this time, the Consumer Price Index (CPI) hit record highs of 110%, making today's 7% figures look moderate. - After the war, the Dow Jones Industrial Average rallied a whopping 504%, before the American economy was struck with the Great Recession. - After the Great Recession, the world faced a second world war in 1939, which started with Germany's invasion of Poland. - The markets crashed, but not as severely as the Great Depression, and CPI recorded 74% during this period. - With Japan's surrender, uncertainty was resolved, resulting in the DJI delivering 523% returns. - Then came the Vietnam war in 1964, which started with the Gulf of Tonkin Resolution. - The market ranged sideways for almost a decade, creating lower lows, with situations deteriorated by the Oil Shock of 1973. - During this period, CPI hit record highs of 207% with factors of global uncertainty such as the war, which the US couldn't seem to win, and Oil Shock. - After the war ended and the economy recovered from the Oil Shock, DJI delivered a whopping 1,447% returns, until the market started shaking again with the 911 terrorist attacks against the United States. Lessons Learned - So what is it that the market tells us? - I've outlined what wars and regional conflicts do to markets in the post below: - Historical cases tell us that the market prices in information about the war, and corrects in advance. - Once the conflict actually takes place, the market starts to bounce from its local lows, as uncertainty has been resolved to an extent. - From a macro perspective, as seen through the historical chart of the DJI, the end of wars usually mark the beginning of a multi-year bull rally as negative sentiment will have been completely cleared by then. Market Risks - That is not to say that I'm irresponsibly bullish. I do think there could be probable cases that lead to a global expansion of the crisis, and the collapse of the financial markets. - For instance, Russia's use of weapons of mass destruction (WMD) could damage the markets to a greater extent than anticipated. - It seems as though the market is considering this to be an improbable case, which it is, but there's no reason to be too complacent. - According to an FSB whistleblower, it was recently revealed that Xi Jinping had plans to invade Taiwan this fall, depending on the success of Russia. - If that were the case, then it wouldn't be a huge logical leap to consider north Korea's possible initiation of war against South Korea, and a war breaking out at a global scale. Conclusion [/b It all boils down to uncertainty in the market, and people's irrational responses to it. I believe that a successful negotiation between Russia and Ukraine could lead the markets to swiftly rebound once again, though that is not the only factor of uncertainty at the moment. Inflation (CPI) will eventually cool down in an organic manner, as markets realize the stability that is being brought to the economy, and the Fed's actual influence on the market. People ignore bad news during uptrends, and they ignore good news during downtrends. I see a plethora of opportunities where companies that generate tremendous cash flow at an increasing rate with insane growth indicators, are neglected by the market. It's important that we clearly understand where we're at in terms of the market cycle. I believe that we're at a corrective phase of a bull market, rather than at the beginning of a recession. During corrections of bull markets, the smart move is to buy cheap stocks. It's worked effectively in making money 100 years ago, and I don't doubt that it'll work now as well. If you like this educational post, please make sure to like, and follow for more quality content! If you have any questions or comments, feel free to comment below! :)
TVC:DJIEducation
by Michael_Wang_Official
8
Will sanctions on Russia backfire on the U.S.? What about crypto- Sanctions, led by the U.S. in hopes of punishing Russian aggression may NOT have the impact the U.S. is hoping for? Could they actually backfire? - Saudi Arabia rejects Biden's request for talks on increasing oil production and instead announces that they are considering accepting Yuan instead of dollars for Chinese Oil sales (per house rules, links to sources are not allowed) - India's move to "explore" alternative payment channels with Russia to avoid sanctions (per house rules, links to sources are not allowed) - With official inflation numbers running at 8% and climbing the Federal Reserve is being forced to raise interest rates for the first time since 2018 (per house rules, links to sources are not allowed). Multiple rate hikes are projected. The last time rates were raised markets crashed and the Fed quickly reversed course. This leads many to say that the Fed won't really raise rates as much as projected, because the market won't let them, but what these people don't seem to get is that in order to finance the U.S. national debt, new debt has to be sold every year. As inflation rises countries like Saudi Arabia become more and more inclined to invest in assets that show a return or at least hold their value. This means that unless you raise the rates to a level that offsets inflation many investors will move elsewhere and you won't be able to take on new debt. Central banks are cornered. Once they start raising rates government budgets will quickly hit a wall as interest payments on existing debt become unmanageable. - This may devastate the dollar along with the U.S. economy, but it may be great for crypto
INDEX:BTCUSD
by stewdamus
GBPCHF could try to break the long lasting trend...or notGBPCHF is really undecided nowadays. It has a long lasting trend to fall since the January of 2000. Now it has formed a giant triangle bottoming at around 1.18. Now the Bank of England is in a rate hiking cycle while the Swiss National Bank does not indicate a rate hike any time soon, so a strengthening of the pound is very likely. Besides that, the shockwaves of Brexit are slowly fading, Boris Johnson and his administration set a clear path for the economy (hopefully a good path), so everything is in order, in theory. On the other hand, the war in Ukraine, the sanctions on Russia, the supply chain problems and the UK's firm anti-russian position and rethoric bring some uncertainty to the equation. On the long run I expect a possible break-out attempt to the upside, targeting the upper end of the falling yellow falling channel firs (around 1.247), then the upper end of the blue triangle (around 1.26). Be cautious! The other scenario is a rapid fall to the bottom of the channel (1.194), then to the bottom of the triangle (1.18). Follow me for more updates on the pair and other assets. Don't forget: money is weird and unpredictable, so plan for all possible scenarios and hedge your positions!
Long
by weirdmoney
Oil Regains $100Oil has gotten a lift from the mid $90's back to the $100's. We were able to break through $101, and are currently ranging in the vacuum zone between $101 and $106. The Kovach OBV has picked up slightly as oil has gained momentum. It is likely that most of the geopolitical factors are priced in, so we might not see an aggressive rally back to highs, but a gradual progression is likely. We should see support from the base of the $100 handle, but if not, then we could retrace all the way back to $95. Our next target is $106, then there is a vast vacuum zone to $116.
NYMEX:CL1!Long
by quantguy
Actually useful information: Lucky St. Patrick's DayToday, March 17th, 2022, is St. Patrick's Day. Statistically, the stock market had an above average chance of closing green; 80%. For weeks the media has told us that all the down moves in the market were due to Ukraine. I guess that is over now? The talking heads also made correlations to "interest rate fears" being the cause of the correction yet the market basically YEETed off the "more hawkish" Fed yesterday. The media has no clue. Their job is to sell ads. If you the reader/watcher/listener happen to be informed it is a happy accident. I am a trader. I need actionable information and repeatable patterns. I find a far more useful tool for trading the markets to be statistics... far better than trying to trade the news. This graphic is from an article published today on Marketwatch. This kind of thing is my jam. There are a few highlights I find interesting. The market having a very high probability of a green the day before 4th of July makes logical sense. It's also an anecdotal experience I can now quantify with this data. Why August 30th is such a definite outlier I cannot say... but you can bet I will have it marked on my calendar as a unique market holiday. Source: www.marketwatch.com
AMEX:SPY
by norok
3
NZD extends gains ahead of GDP, Fed raises ratesThe New Zealand dollar has extended its gains for a second straight day. NZD/USD is trading just above the 0.68 line in the North American session. As expected, the Federal Reserve raised rates for the first time since 2018. Fed Chair Powell said he expects inflation to start to ease and that the Fed had a plan to raise rates during the course of the year. Today's lift-off is just the start of a rate-tightening cycle, but it remains unclear just how fast a pace the Fed will take towards normalization. The markets have priced in six rate hikes during the year, but this projection may have to be scaled back due to the tremendous turbulence in the financial markets. The war in Ukraine has injected plenty of volatility into the financial markets. We've seen risk apprehension subside when there has been talk of a ceasefire, only to rise back up when the fighting continued. Today's reports are more encouraging, with the warring sides apparently working on a detailed plan to end the fighting, which would include Ukraine declaring neutrality. An announcement of a ceasefire would raise risk appetite and likely give a boost to the New Zealand dollar. New Zealand releases GDP for Q1 later today, with a gain of 3.2% YoY expected. This follows a dismal third quarter, which saw the economy, which was hampered by Covid restrictions contract by 3.2%. A strong gain could extend the New Zealand dollar's current upswing. NZD/USD has support at 0.6763 and 6716 There is resistance at 0.6893 and 0.6974
by OANDA
2
Gold targets 1910 dollars per ounceSupported by the news that Russia and Ukraine have held their fourth round of talks. Markets are taking a breather to retrace some of the risk-off movements that took place last week. After breaking below the key support level of 1950 dollars, gold has been gaining more bearish momentum. When looking for the next support and resistance levels, focus on the 1910-dollar cluster, which marks the 50% Fibonacci retracement as well as the support of a previously broken resistance high.
OANDA:XAUUSDShort
by MohannadYakout
short-term pullback in Oil expected. $OIH $WTI This thing has gotten way overcooked and gone parabolic. If it continues to go parabolic, it will destroy the consumer. Which is 70% of what drives the US economy. So I doubt that will be allowed to happen by the market gods lol. I expected TVC:USOIL to return to its well-defined travel that it bonered out of like a rocket. Unless we see 3 consecutive closes above $115 a barrel for WTI crude, then I expect a return to earth (the channel) and then continuing its slug upwards until renewables and EV's have completely replaced fossil fuels and ICE's. Please see the tagged post for more info. And to understand this is not my first time doing due diligence on the subject. And not to say I told you so, but I told you so, I was spot on with oil last time. I gotta take my W's. The easy way to potentially play this while limiting risk exposure is puts on $USO, and use any profits to add to $OIH. #TRUSTinTheTiger
TVC:USOILShort
by EBITDAtiger