Global Stocks Rise Ahead Of Much Anticipated Speeches By Yellen, Draghi
Global markets are stuck in a holding pattern with S&P futures up modestly after fluctuating overnight, as European and Asian shares rise with oil while the dollar has dipped lower ahead of the biggest central bank event of the year: the Fed’s Jackson Hole symposium where Janet Yellen and Mario Draghi will speak at 10am […]
Will The Fuel Cells Vehicles Save Platinum And Palladium?
Although everyone agrees that the electric revolution is looming, there is no consensus about the pace and the detailed form of the upcoming shifts in the automotive industry. In particular, some miners and analysts believe that fuel cell cars will spur or at least support the demand for platinum and palladium. For example, the world’s three largest […]
Jackson Hole Dark Side Stab
Today is the day. Both Draghi and Yellen speak later at Jackson Hole. Although expectations for market moving news have been damped down, the market might be getting a little too complacent. Over the past month or so, bond markets have been drifting higher on the assumption the Fed would take a dovish wait-and-see approach […]
Gold Coils Ahead Of Jackson Hole
A battle between gold bulls and bears is taking place just below year highs and the upcoming Jackson Hole Symposium could be the catalyst for a big move. Record futures demand & ETF outflows Last month we witnessed record demand for gold futures. Of course, the sabre rattling between the US and North Korea was […]
EUR/USD Elliott Wave Analysis – Friday, August 25
The bullish trend is present in EUR/USD currency pair, 15 minutes chart. The price of EUR/USD currency pair is going to rise up now on a short-term basis to create a Bullish Zig Zag corrective Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance. Strong key support level is present […]
Time To Get Bullish On The Euro? Why We Would Incorporate A Dynamic Approach
One of the big stories this year has been the weakness in the U.S dollar after a strong run in the second half of 2016. A confluence of factors is affecting the euro—from politics in the U.S. to monetary policy shifts that may occur later this year in the eurozone. This has caused a shift in the attention […]
AUDUSD Daily Analysis – Friday, August 25
AUDUSD remains in the uptrend from 0.7807, the fall from 0.7962 is likely correction of the uptrend. Another rise to test 0.7962 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at 0.8030 area. Support is at 0.7807, only break below this level could […]
Gold Versus Bitcoin BTC
I don’t want to start a religious war here but clearly, in 2017, BitCoin has vastly outperformed Gold as my first chart shows. I am still very positive that Gold and the PM sector will have its time in the sun again, but GBTC has given me another asset to trade while Gold and PMs […]
EUR/USD And GBP/USD Forecast – Friday, August 25
EUR/USD The EUR/USD pair had a very quiet session on Thursday, as we continue to see this market offer buyers underneath. With the speeches by both Janet Yellen and Mario Draghi during the day, it’s likely that this will be the focus of the Forex world. When you look at this chart, I believe that […]
USDJPY Elliott Wave View: Double Correction
Short-term USDJPY Elliott wave view suggests that the decline from 7/11 peak is unfolding as a double three Elliott wave structure. The decline to 108.71 low ended Minor wave W and Minor wave X bounce ended at 110.95 peak. Subdivision of Minor wave Y is unfolding as another double three structure of a lesser degree. Minute wave […]
