Slowly and indecisively, the Dow still seems to want to climb. Let's be patient with him ....
As I said 2 days ago, BTC is back on the rise. Now, after 2 days, here's the look and determination. Between him and the ATH value set recently, there was only one resistance. The question is not whether he will pass it, but when and how he will do it. he will scatter her at a gallop, or he will waste some time around her. I would rather lean towards the first option.
Easy upward movement for XRP. The bulls show some interest, but not enough to keep up with BTC or ETH. Slowly but surely :)
EURUSD is looking for a way up but this does not seem easy to find. A first step would be to break the minor resistance marked with the Red Rectangle.
An attempt to climb gold is slowed down quickly, with the tendency to return to resistance which has become a short-term support. It is known that the faps are filling, so it remains to be seen if this will happen, or the new support will last. I tend to opt for growth ....
Ethereum price remained elevated and it extended its rally above the USD 2,800 level. ETH even broke the USD 3,000 level and it traded to a new all-time high above USD 3,050. It seems like the bulls are in action and they are eyeing more upsides above the USD 3,100 level. On the downside, the USD 3,000 level is a short-term support. The first major support is near...
Stocks lower than oil expectations. Short-term buying opportunity.
Powell acknowledges the pressure of inflation and prices, but still calls it transitory. So we have a possible long on metals, and implicitly on Silver. So we can say: GO Silver GO !!!
IF IT'S WEDNESDAY IT'S MAD! Or THE BRIDGE OF SighS !!! The Fed, OPEC, BIDEN, COVID and the outside rain hit the same day. With the slogan roast the pastures, poison the fountains, scare the investors, the Bau Bau group above seems to have brought a total eclipse of daily optimism on the financial markets. From Crypto to metals, they all seem set for declines...
The USD is waiting for the word EDF today, in terms of inflation. Waiting day everywhere.
Corrections everywhere today. The events of the day culminating with the nuclear Fed, OPEC and Biden's speech, keep investors in expectation. I anticipate a good day for watching movies and eating popcorn ....
Corrective day for RIpple. After 2 consistently increasing days, it was time for a break. It seems like a day of correction and waiting for almost everything, until the triad passes: FED + OPEC + BIDEN
All that matters today is the Fed. Downward trend for silver, pending Powell's press conference. We were waiting too ....
Gold is falling in anticipation of the Fed. Powel said last week that the Fed will do everything it can to limit exceeding the inflation target. this has abruptly halted the rise of yellow metal, as inflation and the evolution of the USD are the main drivers of growth. A day when it is good to stand aside, as we also have the Fed and OPEC and Biden's speech on...
Bitcoin continues its recovery path. The movement seems solid, and builds confidence. Long prediction.
The euro continues to rise against the dollar, which could boost precious metals. a long eurusd position still makes sense.
Important day tomorrow for oil. OPEC will have the meeting scheduled, transformed from a NON EVENT, into a decision-making meeting. This is because the 3rd and 4th consumers, respectively India and Japan, have big problems with Covid. Added to this is Iran's progress in reaching an agreement with the United States, which is undermining OPEC's plans to increase...
Gold is waiting for news of inflation from the Fed tomorrow. until then it evolves laterally. I think that, in the case of a moderate tone of the EDF, even if they repeat that it slows down the inflation, on Thursday, Gold will resume its growth.