Gold long to 2500 +/-? 24/May/24XAUUSD probably reached wave (B)(Green) and price may surging up to 2500 +/- as "roller coaster" sentiment from uncertain rate cut by Sept by The FED.
Usrate
US INTERESET RATE! FOMC STATEMENTHello guys!
Let's talk about the US interest rate news that will be published tonight.
I am not a good fundamentalist but I am a good chartist instead. That's why I put the US interest rate chart in the picture above. The above photo is the most data that has been published about interest rates so far. I see that around 1980 the interest rate went up to 20%. This figure is really strange for the American economy, isn't it?
And for the economic crisis of 2008, raising it to 5%.
The chart below is for the last 20 years. And the photo on the right is the analysts' forecast for the interest rate, that is, they predict that today the US interest rate will reach 2.5% and after that it will reach up to 3.5%.
But if we look at the interest rate chart alone, it is reaching its downward trend line and I see a resistance in the lower time.
Which do you think we should be assured? Chart or fundamental analysts?
USDJPY - Weekly Market Analysis - October 2018, Wk 3USDJPY has a major retrace last week and this could be the result of President Donald Trump shared on Social Media that the Fed has gone crazy in, increasing the interest rate;
OR
it could be just the market retracement.
In anyway, the retracement is well supported at the previous resistance area, let's see how market forms up.
USDJPY on the Daily Chart remains Bullish.
