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 continue to consolidate
2021-06-21 • Updated
On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.
However, in the short term, the price is likely to rebound after technical signals. Therefore, we recommend accumulating Buy orders at the support.
Trade idea
Buy: 1192.00, 1186.00, 1178.00
S/L: 1170.00
TP1: 1207.00, TP2: 1212.00, TP3: 1218.00
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
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…
