This is just brainstorming and pure speculation. It will be interesting to see if the US can maintain the petrodollar... Right now china wants to change this. Investors have flocked to gold and silver over these past few months. Or has gold, silver, and stocks gained against a weakening dollar? I would say a mixture of both. For this reason, I prefer gold and...
The recent rise in the AUD is mostly due to the rising iron ore price. So why didn't the AUD rise during the last time iron ore spiked in 2018 & 2019? This is because of the declining interest rate differential with the United States (Aus bonds yields - US bond yields) which has now been restored after recently going negative.
This reminds me of the 1990s dot-com bubble. However, we now live in different times and the NDX is nowhere near as overvalued as it was back in the 1990s. We must also take into account that the coronavirus pandemic has turned out to be a financially positive event for the tech industry as a whole while nearly all other sectors have been horribly affected (apart...
Not financial advise
Not financial advise
A fight between the bulls and bears
FB has just surpassed its all-time high of $218 which was a resistance that has now flipped into support. Things are looking good for this monster.
BTC has risen since my last post on here. I posted a bearish idea. The resistance of the falling wedge still hasn't been broken. The bulls are keeping it above water here in the short term but it's only a matter of time before they give up. This is not trading/financial advice.
BTC had a hard rejection at the 8.460k level. Which means the reversal got rejected and we will remain in a HT downtrend . As we all know " The trend is your friend". What are your thoughts ? feel free to comment bellow.