Tag: trading
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![Jerome Powell signals higher rates may be needed]()
Jerome Powell signals higher rates may be needed
When Nvidia blew out earnings, many saw it as a catalyst to see stock markets break out higher. However, certain technical patterns and levels I have been highlighting in my Market Moment articles told my readers and I that the downtrend was not over. This, I believe, is the power of technical analysis. But fundamental…
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![Bitcoin tumbles on Elon Musk’s SpaceX dumps holdings]()
Bitcoin tumbles on Elon Musk’s SpaceX dumps holdings
Last month, I gave readers my Bitcoin analysis and highlighted key levels. At that time, Bitcoin was testing a key resistance zone and after weeks of futile attempts to break through, the sellers piled in. There was one key breakdown of critical support which then turned my mood bearish. This is the chart and projection…
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![Stock markets rattled as US banks get downgraded]()
Stock markets rattled as US banks get downgraded
Recession. Inflation. Soft landing. Interest Rates. The Federal Reserve. The Federal Reserve is near the end of rate hikes. Earnings. Geopolitics. I am sure I have forgotten something as we look at all the factors impacting market narratives. Oh yes! Do you remember a few months ago when regional banks were making headlines? A few…
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![Bank of Japan tweaks yield curve control policy!]()
Bank of Japan tweaks yield curve control policy!
Japan has been on investor’s radars recently. It all began with Warren Buffett, who has increased his holdings in Japanese trading houses, known as the Sogo Shosha. Whatever the Oracle of Omaha does tends to generate a lot of interest from institutions. And you cannot blame them. Buffett has quite the track record, some saying…
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![The Federal Reserve raises interest rates to highest level since 2001]()
The Federal Reserve raises interest rates to highest level since 2001
The Federal Reserve previously said that there will be two more interest rate hikes by the end of the year. Well the Fed has kept their promise so far by raising interest rates in the July meeting, taking rates to 5.25%-5.50%, the highest level since 2001. A 25 basis point hike which was expected by…
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![Uranium to $65 by year end?]()
Uranium to $65 by year end?
The uranium spot price market continues to climb as the momentum from a recent technical breakout continues. Before we jump into the charts, let’s take a look at the fundamentals. If you follow this market, then I am sure you know why uranium is in a bull market. It is all about nuclear energy to…
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![US dollar pukes as inflation rises at slowest pace since March 2021]()
US dollar pukes as inflation rises at slowest pace since March 2021
Well… it appears as if we are going full risk on. The US dollar is selling off and we are seeing a rise in metals, commodities, big potential breaks in the currency markets, and yes, a nice move in the stock markets. But can this move be sustained? What was the trigger for these early…
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![World stock markets tumble as bond yields rise]()
World stock markets tumble as bond yields rise
Global equity markets are selling off hard this morning as the probability of more rate hikes increase. The real action is in the bond markets as yields are rising. The US 2 year yield actually broke out into new recent highs taking out the March 2023 peak. The 10 year yield is also breaking out…
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![Make or break for silver?]()
Make or break for silver?
Silver (XAGUSD) remains consolidated after making a one leg down move with the price breaking below $24.50 and then retesting this breakdown zone. This move lower was not a surprise to our readers given my analysis on gold. Silver tends to follow gold rather than copper even though most consider silver a more industrial metal…
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![Stock markets approach key resistance. Is a new downtrend about to begin?]()
Stock markets approach key resistance. Is a new downtrend about to begin?
What a month it has been for US stock markets. US markets have been in hard rally mode since June 1st 2023, with the Nasdaq seeing its rally begin on May 24th 2023. A few other markets in the world are joining in on the party. Japan’s Nikkei continues to break decades long records largely…
