Central banks packed quite a punch last week. Unlike the Federal Reserve and the European Central Bank that raised policy rates by 25Bps, as was widely anticipated, the Bank of Japan (BOJ) on July 28 unexpectedly decided to tweak the Yield Curve Control (YCC) band. The BOJ begins its withdrawal from YCC It will now allow some deviation above the long-term rate...
The great benefit from today's close is the ability to zoom out and see the bigger picture using 6M timeframes. When you zoom out; it allows you to then make meaningful 2023 plans based upon analyzing some of the most important charts. DXY-The above chart is telling me that the dollar is actually quite weak...the breakout in 2015 was not meaningful as it has...
When interest rates hit zero, all the equations blow up toward infinity and beyond... so yeah, markets still can go up and appear "undervalued" when debt is basically free. The crash can happen at any day now - no one knows.
Jerome Powell is expected to speak this week concerning the Treasury note yield curve. We’re looking to see an aggressive Fed to address the potential global recession, which means quantitative easing and another rate cut. This is a bearish signal for a weak dollar, due to the Fed debasing the currency by increasing dollars in rotation. This could bring in a...
We have a good opportunity on the long side here, brewing behind the scenes. We are looking for bears to lose steam, and the pair to slow down, to go long on strength. This decrease of the ATR values shows momentum's waning, meaning that the market has been one sided for a while (in this case, the last leg of selling slowing down). We can follow the 'path of least...
I'm monitoring the progress in the Dax index's uptrend currently in place. Price action has became turbulent recently, forming a large triangle, but it's possible to see an interesting resolution to this situation soon. The time at mode signals on chart imply a potential advance is due, if we get confirmation with a day opening and closing above the 9780 without...
Gold prices have been volatile, flucuating between $1,275 and $1,220 as markets remain indecisive on what stance to take: is the Federal Reserve going to continue hiking assuming the economy will "gradually improve," or with traders continue to look for safer locations to place there cash? According to recent capital flow data, the GLD has seen redemption as...
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...