Raising Rates by 75 Points in 1994 and 2022, is There Any Difference?
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
GOLD: will it stay in the channel?
2020-10-13 • Updated
Yesterday, when this article was out, the gold price was $1 922. Since then, it has moved down to the current $1 914. The question is: will it stay in the channel or not.
Fundamentally, the market starts trading with risk-off moods in the stock and currency sectors. That may change as the day goes by, but so far, that should – by the market’s logic – push gold price back up.
If that happens, you should witness reversal at $1 910. To detect it, watch for reversal chart and candlestick formations on smaller timeframes. Otherwise, $1 910 will be crossed and will open the way to lower bearish targets with 50-MA and $1 900.
Similar
Trade ideas for March 28 - April 1
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
How to Trade on FOMC Press Conference?
What will happen? FOMC press conference is among the primary methods the Fed uses to communicate with investors regarding monetary policy…
Latest news
Is Ford Stock a Good Idea to Trade?
Ford stock probably isn’t the first thing that comes to your mind when you’re looking for trade ideas…
Risk Assets Ahead of Rally: What to Buy?
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
UK: No Longer a Leading Economy
The current situation is terrible, and the future is worse for the United Kingdom. Will the British pound withstand the challenges that await the UK economy, or will it collapse?
