Gold is considered as safe-heaven during turbulence on the market. It was demonstrated by the last couple of months outperformance.
However, the price level on Fibonacci's scale signals a good time for investors to take profit.
The 2% inflation target is still far away but the fed is raising the US interest rate on a slower path and the recession for 2023 seemed...
European stocks index (SX5E) price have been surging since the beginning of the third quarter 2022.
As of now, the price stands in between 0.618 and 0.786 levels of Fibonacci which suggests to take profit.
Moreover, the actual situation with the war in Ukraine and the inflation still under the loop, the risk of depreciation is still apparent.
Conclusion: Good...
Historically, the Fed role consists in determining among others the US interest rate. The impact on US dollar is fundamental.
First, fixing the US interest rate enables to control inflation as consumers prefer to postpone their spending and keep their cash.
Therefore, US dollar will appreciate. The reverse also works.
Then, when consumers keep their cash in the...
