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The Reserve Bank of Australia is expected to withdraw from its government bond-

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 Investment institutions forecast the Conference on Interest Rates in Australia Goldman Sachs Group: The Reserve Bank of Australia may abandon its yield-curve policy, and the outlook for medium-term rate hikes could lag behind other G10 central banks. Nomura Securities: The Reserve Bank of Australia could replace the target bond with one maturing in April 2023, or offer a range of target rates. ANZ Bank: It is expected that the Reserve Bank of Australia will abandon its 0.1% yield control target on the national debt due in April 2024, and is expected to raise rates in  second half of next year. Westpac: It's not hard to control Treasury yields, but with damage mobile, the Reserve Bank of Australia won't set a yield control target for shorter-term Treasuries. Morgan Stanley: It is expected that the Reserve Bank of Australia will not emphasize the expected timing of rate hikes this week, but will emphasize clearer guidance on the future based on results. Commonwealth Bank of Aust

AUD/USD Daily Resistance And Fundamentally Overview

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Weekly Time frame: AUD/USD bulls remain bound for prime resistance at $0.7849-0.7599, on track to forge a fifth consecutive week in the green since departing from prime support from $0.6968-0.7242 at the end of September. Trend studies on the weekly scale show we’ve been higher since early 2020. Consequently, the response from $0.6968-0.7242 might be the start of a dip-buying attempt to join the current uptrend, perhaps eventually overrunning $0.6968-0.7242 and challenging the yearly top at $0.8007. Daily Time frame: Resistance between $0.7621 and $0.7551—made up of a Quasimodo support-turned resistance at $0.7621, the 200-day simple moving average at $0.7557, as well as a 61.8% Fibonacci retrenchment at $0.7585 and a 100% Fibonacci projection at $0.7551—made an entrance on Thursday. Interestingly, noted resistance is fastened to the lower boundary of weekly prime resistance mentioned above at $0.7849-0.7599. A nearby decision point is seen at $0.7585-0.7567, which happens to sit with

Weekly Analysis of OIL

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The XBRUSD finished last week just below multi-year highs at 84.90 USD per barrel.  There is bullish sentiment on the oil market caused by low supply packed by concerns from investors that demand disruptions from the COVID-19 pandemic may not be over. BEARISH TRIGGERS Prices pulled back from highs after German Chancellor Angela Merkel said the pandemic is not yet over. BULLISH TRIGGERS Oil prices have been boosted by worries about coal and gas shortages in China, India, and Europe, making some power generators switch from gas to fuel oil and diesel. U.S. Energy Information Administration data showed crude stocks at Cushing fell to 31.2 million barrels, their lowest level since October 2018. Follow us to always know the science of Forex & Comex Trading as well as the latest updates on technical analysis & fundamental analysis 

INDICES - Today's Market Overview

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The ongoing earnings season lifted the SPX500 to its new record high of 4,559.65. Although the index couldn't defend the new level, it closed its third straight week of gains. The DXY (the U.S. dollar index) reached its weekly high of 94.1488 on Monday. The U.S. 10-year Treasury yield climbed to the level of 1.705%, last seen in mid-May. Fed Chairman Powell prioritized tapering to raising rates, the index started its direction downwards, ending Friday at 93.61. BULLISH TRIGGERS Healthcare companies and the financial sector reported a higher profit in the SPX500 earnings season. The quarterly results are in full swing, and economists expect a total earnings growth of 34%. The U.S. dollar remained firm after the country's jobless claims had hit the 19-month low. The upbeat home sales statistics added strength to the greenback, showing the confident steps towards the economic recovery. BEARISH TRIGGERS The SPX500 declined upon the Fed Chairman's comment that inflation might la

Overview On Gold Analysis

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In the last trading hours of the last week, precious metal Gold had spikes to 1813 but immediately fell back to 1782. Closing last week's session with a bullish candle around  level 1792. With the happenings at the end of last week, in my opinion, Gold is still under selling pressure when it reaches the psychological resistance level of 1800-1805.  Therefore, at the beginning of this week's session, we will wait for selling Gold to be the preferred option Switching to the H4 time frame, we can see that Gold has shown signs of a slight upturn after a rapid decline to 1782 and the possibility that Gold may recover to around 1800, where we establish a sell position.  with precious metal Gold with a safe target around 1786. Follow us to always know the science of Forex & Comex Trading as well as the latest updates on technical analysis & fundamental analysis 

Germany - The Manufacturing Purchasing Managers Index (PMI) released by Markit

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WHAT IT INFLUENCES: EUR and its subsequent pairs Forex Advise Club WHAT'S HAPPENING: The Manufacturing Purchasing Managers Index (PMI) released by Markit economics, captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of the total GDP, the manufacturing PMI is an important indicator of business conditions and Germany's overall economic condition. Typically, a result above 50 signals is bullish for the EUR, whereas a result below 50 is seen as bearish. Follow us to always know the science of Forex Trading as well as the latest updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/

The Initial Jobless Claims released by the U.S. Department of Labor

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WHAT IT INFLUENCES: USD and its subsequent pairs WHAT'S HAPPENING: The Initial Jobless Claims released by the U.S. Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance. In other words, it provides a measure of strength in the labour market. A larger than expected number indicates weakness in this market which influences the strength and direction of the U.S. economy. If jobless claims fall, it is seen as positive or bullish for the USD. Follow us to always know the science of Forex Trading as well as the latest updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/