XeroAcademy

XeroAcademy

Overall, HTF structure remains bearish. Monday DXY rallied into a Premium array and now declined slightly into a key area. This key area is H4 Orderblock. A general rule of thumb about this Orderblock is that, it will hold price. However, if it's broken and the Orderblock fail, bias can be flipped.

XeroAcademy

There is nothing good in the news every day. So, I will just write my findings honestly. Bank of America (BofA) says their clients withdraw from US stocks of all sizes (lnkd.in). S&P500 is still running. Hmm I wonder if the VIPs know something others don't? More from BofA, which they forecast "meaningful risk" in US during Q2, leading to economic contraction....

XeroAcademy

Been seeing this grow into an ugly abomination. It's getting more and mor apparent. Weak demand for office space Work from home/Hybrid in trend Layoffs into 5th gear Higher construction and maintenance cost High interest rates = High borrowing cost Tightening lending conditions Banking crisis I hope I am...

XeroAcademy

A wipeout like never seen before. History in the making. You think its only SVB, Silvergate and Signature Bank? Think again. Check out this article: www.visualcapitalist.com As I mentioned again & again, Q2 will be bank run galore. Western Alliance Bancorp's deposit fell 11%. Barclays says $1.5T outflow into money markets (Equities/ETF/Indices/Bonds/Crypto),...

XeroAcademy

Saudi Arabia and OPEC+ made a sudden shocking move yesterday which may be the nail in the coffin towards ending US Dollar hegemony. They declared that beginning of May till the end of the year, they will reduce oil production by 1.15 million barrels per day! Russia already cut 500,00 barrels per day beginning of March till end of 2023. This in total, 1.6...

XeroAcademy

More money printing. More banks facing liquidity shortage. More bank runs as panic and fear kicks in. As mentioned before, Q2 will be bank run galore. Entire 2 year's QT effort by Jerome Powell, is now being reversed in less than a month. Did Credit Suisse got bailout by SNB and UBS recently for almost $105B Swiss Francs? Hmm today $CS is trading at less than...

XeroAcademy

As I mentioned before, the contagion will spread like wildfire because the banking system are so intertwined. We now see Deutsche Bank potentially get caught in the onslaught. Their share tanked by approximately 15% last Friday. After Credit Suisse got obliterated and UBS come to pick up the remains with assistance from SNB ($100 Billion Swiss Franc), their...

XeroAcademy

BRICS nation are growing root in rapid speed. Mexico has joined BRICS recently and many are lining up. China just mediated a diplomatic pact between Iran and Saudi Arabia, gaining more grounds in Middle East. A new superpower bloc in the making. A potential new reserve currency that is backed by commodities such as gold is on the rise. We are seeing majority of...

XeroAcademy

When China re-open early February 2023, it was a sign of relief. Global markets beginning to show positivity. Economies worldwide can now take a breather and be optimistic to forecast a recovery. Several news outlets online hints on "dodging the recession bullet" and it great news to everyone, at times of turmoil. Well, March 2023 is such a spoiler honestly. Why?...

XeroAcademy

This 2 charts reminds me of a James Bond movie, Skyfall. There is a claim by many that, these companies are too big to fail. Oh yeah? 7th largest investment bank in the world is get steamrolled. Yesterday about 6pm Malaysia time, Credit Suisse ($CSGN) got halted due to excessive selling. Robert Kiyosaki predicts this bank will be next. Today, Larry Fink of...

XeroAcademy

Sharks are smelling blood in the banking sector and they are loading up to strike. Last week, we saw Silvergate Bank collapse and shortly after that, Silicon Valley bank (SVB). Within 48 hours, 2 moderate size regional banks went under. Last Friday, several banks tanked at least 20% and few were halted due to massive shorting. The house of cards are falling and...

XeroAcademy

After an elaborate rally into HTF upside objective, this seems to be a legit retracement into area of discount before a subsequent rally. 1 year and 2 year US Bond Yields are spiking high now and I would not want to go against US Dollar's bullishness. Plus, Jerome Powell hawkish during his recent testimonies. Therefore this will cause US Dollar to appreciate in...

XeroAcademy

Japan interest rate is at -0.1% vs UK interest rate 4% Where will large funds being swinging to, for better yields? Is there a possibility that an investor from Japan borrows money from local bank at very low interest rates, invest it in foreign asset classes for profiteering purposes? What will happen to the desirability of Japanese Yen vs other G7...

XeroAcademy

Rate hike will continue as Jerome has no way out now. 50 basis points is my projection. Experts cannot see any concrete signs that economy is under control, in which they are right. Wall St banker's narrative are switching from soft landing, to crash landing. US money supply has shrinked while yield curve remain heavily inverted. Uh ohh. Congress voted to end...

XeroAcademy

Short-term Bullish DXY/USD almost reaching upside objective as mentioned. Once DXY gets there, sit sideline and monitor if there is any willingness to go higher. With what's going on in the world now, there will be flight to quality or better yields. Be cautious right now as we enter March 2023, things might get shaky. Someone else is getting ready to drop the...

XeroAcademy

As mentioned before, so long as DXY has not reach the finishing line, which is the higher time frame upside objective, Risk Off will still be in play. Same narrative, different pair. What happens when DXY finally gets to the upside objective? We sit sideline and study what it wants to do next. There are only 3 possible direction of the market, Bullish / Bearish /...

XeroAcademy

Risk Off DXY = Bullish US Dollar If US Dollar Bullish, Nasdaq 100 will be? You can cross check XAUUSD and EURUSD Same outcome Once you see, you cannot unsee By Sifu Steve @ XeroAcademy

XeroAcademy

Had the impression that DXY may stay consolidated. However, yesterday's Core PPI news pushed DXY out of blue box, indicating bullishness (as highlighted in previous post). I view this as a Bear market rally for US Dollar. This rally may reach up to the stated upside target (which is the Daily Volume Imbalance). For now, USD risk off scenario. Expecting DXY to...