August 22th
XAUUSD Sell position
Support levels: 1729 – 1711
Resistance levels: 1753 – 1771
#SP500 Sell position
Support levels: 4175– 4139
Resistance levels: 4229 – 4271
XAUUSD Sell position
Support levels: 1729 – 1711
Resistance levels: 1753 – 1771
#SP500 Sell position
Support levels: 4175– 4139
Resistance levels: 4229 – 4271
#btc 📉Bitcoin fell under strong sales in recent days and showed a correction to the middle border of the Bollinger Bands indicator, which can be used to open sell positions in anticipation of the downtrend continuation.
👉Investment idea: sell limit BTCUSD 21615, take profit 20549.
👉Investment idea: sell limit BTCUSD 21615, take profit 20549.
#atomusdt Short to 9.4- 9.5
#FOREX #EURUSD
Euro parity again.
The infographic that I am attaching to the quotes shows that the main reason for high inflation in Europe is high energy prices (black line), which is why consumer prices subsequently rise (blue line).
Soon the ECB will raise its key rate, thus demonstrating its intention to fight the already almost double-digit inflation.
However, any competent economist understands that this will only push Europe into recession (decline in consumer demand) and lead to the collapse of the Eurozone, since the energy problem is primarily a political aspect, not a monetary one.
The countdown for old Europe is already underway, and the clowns in the governing bodies of the ECB and EU parliaments are only accelerating this process.
Technically, today we again saw the parity of the dollar and the euro. Locally, it is possible that a double bottom is formed on the pair from the global Gann angle.
The magnet in the red zone ~ 1.04000 is quite strong, so there is a rather big chance to see an increase to these levels.
Otherwise, I am still an apologist for the departure of the euro well below parity in the medium term.
The first medium-term target zone is the blue Gann angle ~ 0.97000
After that, I assume that the actual collapse of the Eurozone will begin and acceleration will go to levels much lower. Next - the splitting of the euro as a currency.
*This post is not an investment or trading recommendation
Euro parity again.
The infographic that I am attaching to the quotes shows that the main reason for high inflation in Europe is high energy prices (black line), which is why consumer prices subsequently rise (blue line).
Soon the ECB will raise its key rate, thus demonstrating its intention to fight the already almost double-digit inflation.
However, any competent economist understands that this will only push Europe into recession (decline in consumer demand) and lead to the collapse of the Eurozone, since the energy problem is primarily a political aspect, not a monetary one.
The countdown for old Europe is already underway, and the clowns in the governing bodies of the ECB and EU parliaments are only accelerating this process.
Technically, today we again saw the parity of the dollar and the euro. Locally, it is possible that a double bottom is formed on the pair from the global Gann angle.
The magnet in the red zone ~ 1.04000 is quite strong, so there is a rather big chance to see an increase to these levels.
Otherwise, I am still an apologist for the departure of the euro well below parity in the medium term.
The first medium-term target zone is the blue Gann angle ~ 0.97000
After that, I assume that the actual collapse of the Eurozone will begin and acceleration will go to levels much lower. Next - the splitting of the euro as a currency.
*This post is not an investment or trading recommendation
Forwarded from Serg Udutov
#BONDS#CN10Y
Since the last update on China's 10-year government bonds, the latter have been following a dedicated scenario. China is actively trying to avoid a slowdown in its economy, which confirms the extreme unexpected rate cut. And here an interesting fact appears: the yield on short Chinese government bonds is already lower than the yield on 2-year US Treasuries (2.07% vs. 3.2%).
The diametrically opposed policies of the US and China are intriguing. And, judging by inflation indicators, it will continue to diverge for some time (until, for example, the printing press is started again). But China has room to maneuver and continue loose monetary policy. What will the rest of the world do...
In general, the topic of deteriorating US-China relations is very actively on the agenda. The ongoing events literally end the 40-year (!) history of relations between the two countries.
As for technology, I expect a yield on 10-year Chinese government bonds in the region of 2.5%. And then we'll see.
Since the last update on China's 10-year government bonds, the latter have been following a dedicated scenario. China is actively trying to avoid a slowdown in its economy, which confirms the extreme unexpected rate cut. And here an interesting fact appears: the yield on short Chinese government bonds is already lower than the yield on 2-year US Treasuries (2.07% vs. 3.2%).
The diametrically opposed policies of the US and China are intriguing. And, judging by inflation indicators, it will continue to diverge for some time (until, for example, the printing press is started again). But China has room to maneuver and continue loose monetary policy. What will the rest of the world do...
In general, the topic of deteriorating US-China relations is very actively on the agenda. The ongoing events literally end the 40-year (!) history of relations between the two countries.
As for technology, I expect a yield on 10-year Chinese government bonds in the region of 2.5%. And then we'll see.
Forwarded from Serg Udutov
August 23th
EURUSD Sell position
Support levels: 0.9890 – 0.9814
Resistance levels: 0.9951 – 1.0017
#DAX30 Sell position
Support levels: 13007 – 12873
Resistance levels: 13222 – 13379
EURUSD Sell position
Support levels: 0.9890 – 0.9814
Resistance levels: 0.9951 – 1.0017
#DAX30 Sell position
Support levels: 13007 – 12873
Resistance levels: 13222 – 13379
Forwarded from Serg Udutov
👑Technical analysis indicates a decline in gold to the lower border of the Bollinger Bands.
📉The ADX indicator is signaling a strong downtrend, while the RSI indicator is trading above the oversold area, which is favorable for the decline in the price of the yellow metal.
👉Investment idea: sell limit XAUUSD 1738, take profit 1723.
📉The ADX indicator is signaling a strong downtrend, while the RSI indicator is trading above the oversold area, which is favorable for the decline in the price of the yellow metal.
👉Investment idea: sell limit XAUUSD 1738, take profit 1723.
Forwarded from FreshForex Analytics EN
📈Natural gas prices in Europe have reached an all-time high. Europeans are buying gas at any price, since less than two months are left for the beginning of the winter heating season.
💪Increased demand for hydrocarbons in Europe will drive up gas prices in the United States. Today quotes have updated a 14-year high on the US market!
👉Investment idea: buy limit #GAS 9.84, take profit 10.12.
💪Increased demand for hydrocarbons in Europe will drive up gas prices in the United States. Today quotes have updated a 14-year high on the US market!
👉Investment idea: buy limit #GAS 9.84, take profit 10.12.
Forwarded from Serg Udutov
📣The head of the Federal Reserve Bank (FRB) of Richmond, Thomas Barkin, said that the leadership of the Fed admits the possibility of raising the rate by 0.75% in September;
📉The euro is under pressure after reports of the suspension of the transit of “blue fuel” to the Eurozone countries via the Nord Stream gas pipeline from August 31 to September 2 to carry out turbine repair work;
🇬🇧Citi analysts predict that inflation in England will peak at 18% in early 2023;
🛢 Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ could cut oil production as physical and futures markets move further away from fundamentals.
📉The euro is under pressure after reports of the suspension of the transit of “blue fuel” to the Eurozone countries via the Nord Stream gas pipeline from August 31 to September 2 to carry out turbine repair work;
🇬🇧Citi analysts predict that inflation in England will peak at 18% in early 2023;
🛢 Saudi Energy Minister Prince Abdulaziz bin Salman said OPEC+ could cut oil production as physical and futures markets move further away from fundamentals.
Forwarded from FreshForex Analytics EN
🛢OPEC+ is almost 3 million barrels per day behind its production target.
🧮The gap between the total quota and the actual oil production of OPEC+ members has been growing for more than a year, which is favorable for the growth of oil prices.
📈We expect black gold to rise to the nearest strong resistance level of 98.44.
👉Investment idea: buy limit #BRENT 96.40, take profit 98.44
🧮The gap between the total quota and the actual oil production of OPEC+ members has been growing for more than a year, which is favorable for the growth of oil prices.
📈We expect black gold to rise to the nearest strong resistance level of 98.44.
👉Investment idea: buy limit #BRENT 96.40, take profit 98.44
Forwarded from Serg Udutov
#eurusd
🇪🇺🇺🇸 EUR/USD hits more than 20-year lows and is being quoted at 0.9925.
❗️ Pressure on the euro continues to be exerted by an unprecedented increase in gas prices, which could trigger a full-fledged energy crisis in Europe. At the end of last week, representatives of Gazprom announced that the company would suspend gas supplies via Nord Stream 1 for three days at the end of August, explaining this decision by the need for preventive repairs on the only remaining turbine. Market participants fear that the operation of the gas pipeline will never resume.😱
📉 Analysts recommend shorting EUR/USD with a target of 0.9800.
🇪🇺🇺🇸 EUR/USD hits more than 20-year lows and is being quoted at 0.9925.
❗️ Pressure on the euro continues to be exerted by an unprecedented increase in gas prices, which could trigger a full-fledged energy crisis in Europe. At the end of last week, representatives of Gazprom announced that the company would suspend gas supplies via Nord Stream 1 for three days at the end of August, explaining this decision by the need for preventive repairs on the only remaining turbine. Market participants fear that the operation of the gas pipeline will never resume.😱
📉 Analysts recommend shorting EUR/USD with a target of 0.9800.
Forwarded from Serg Udutov
#xauusd #gold
🟡Gold has been trading lower for the 7th trading session in a row and holds positions around $1735 per ounce.
1️⃣ The pressure on the XAU/USD pair is still exerted by the prospect of further tightening of monetary policy in the United States. Market participants admit that in September the Fed may raise interest rates by 75 basis points, which will be a tailwind for the dollar, which is already renewing multi-year highs.
2️⃣ A negative factor for gold also remains the growth in the yield of US government bonds: at the beginning of the week, the yield on 10-year bonds exceeded 3%, which corresponds to a maximum in several years.
📉 With that said, the XAU/USD pair maintains downside potential to $1720.
🟡Gold has been trading lower for the 7th trading session in a row and holds positions around $1735 per ounce.
1️⃣ The pressure on the XAU/USD pair is still exerted by the prospect of further tightening of monetary policy in the United States. Market participants admit that in September the Fed may raise interest rates by 75 basis points, which will be a tailwind for the dollar, which is already renewing multi-year highs.
2️⃣ A negative factor for gold also remains the growth in the yield of US government bonds: at the beginning of the week, the yield on 10-year bonds exceeded 3%, which corresponds to a maximum in several years.
📉 With that said, the XAU/USD pair maintains downside potential to $1720.