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.
Trade Ideas on September 6-10
2022-03-15 • Updated
Bitcoin
At the end of the past week, Bitcoin broke through the big resistance level of $50 400 and reached $51 500 after the worse-than-expected US labor data. At this moment we expect the crypto asset to return to the $50 400 and retest it from above. If Bitcoin holds above this level on a daily timeframe, we will get a confirmation that the uptrend is not over yet and the next target will be $54 500.
Daily chart
If Bitcoin breaks through $50 400 it might pull down to $46 800.
JP225
In the past week's daily market analyses video, we’ve discussed JP225 and predicted a huge pump with the target at $30 500. As you can see the “falling wedge” pattern worked perfectly, and the price is moving exactly by predicted scenario.
We expect a tiny pullback to happen as soon as the price will reach our target. The targets for this pullback will be $30 000 and $29 800.
Daily chart
HK50
Chinese stock market still looks attractive. The RSI indicator shows buyers are interested as the “hidden divergence” occurred. We expect HK50 to hit our estimated goal at 26 600 during this week.
Daily chart
Brent
Brent returned to the falling channel by the end of the previous week. At this point the upper channel line should be watched carefully if the price holds above it on the daily chart, long trade might be opened, otherwise, if the price gets rejected from the “blue” resistance line once again we might think about short trade.
Resistance levels: $73.2; $74.1; $75.
Support levels: $71.3; $70.4.
4H chart
Us dollar index
The US dollar has been falling during the whole previous week, but it looks like it found the bottom at 91.8. It might decline to 92 or 91.8, and at this point, it will be the best decision to buy USD/*** currency pairs and sell ***/USD currency pairs.
4H chart
Similar
China Stocks are Ready to Move
China’s stock market performed well last week amid weakening lockdown measures. Traders are becoming bullish and greedy. Should we follow the crowd and buy HK50?
Catch the Stock Market Rally!
There are several amazing trading opportunities on the stock market. Read the article and catch them all!
Latest news
What to Trade on July 4-8
Last week was bearish for risky assets such as stocks, oil, gas, and crypto. Will the upcoming week change the situation across the markets? Let’s look at it in detail!
When Will the US Stocks Bear Market Bottom?
US stocks have delivered their worst first half of a year in more than 50 years triggered by the Fed's attempt to control inflation and growing concerns about recession.
The Dollar's Strength or Other Currencies' Weakness?
The value of the US dollar continues to rise, but is this because of the strength of the dollar itself or just the weakness of the euro, Japanese yen, and British pound? Since the beginning of the year, the US dollar index has been up 8…
