The Australian Dollar (AUD) rode a rollercoaster in the first half of the year, hitting a four-year high and then correcting. The currency enters the second half with an outlook full of uncertainty due to renewed hostilities in the Middle East, which clouds the inflation outlook and interest rates. While Australia’s economic fundamentals will remain important, the Aussie’s next…
Happy Monday to all the bulls out there, and to the oil bears. There was an inkling of what was coming on Friday’s price action and we got confirmation over the weekend as the US halted strikes. It doesn’t sound like a deal is imminent but the shooting has stopped and that’s leading to some early optimism. S&P 500…
Most traders start the day watching price action, headlines, indicators, and half a dozen different signals. But this one candlestick pattern may tell you more than all of them. Research covering 4.7 million price bars, 103 patterns, and 500 stocks found that it reversed price 79% of the time when properly confirmed. In this video, I break down: What is the most…
Mon: BoC Market Participants Survey (Jul), Eurogroup Economic and Financial Affairs Council (Budget), Chinese Industrial Profits (Jun), German Ifo Expectations (Jul), US Durable Goods (Jun) Tue: French Consumer Confidence (Jul), Spanish Retail Sales (Jun), US ADP Employment Change Weekly, US Goods Trade Balance Advance (Jun), Richmond Fed Manufacturing (Jul), Dallas Fed Services (Jul) Wed: Fed Policy Announcement (Jul), BoC Minutes (Jul), Australian…
Earlier this week, I wrote that the gold-silver ratio has recently widened to around 70-1, a bullish signal for silver. But is this metric still relevant today? Many analysts say it isn’t, claiming that the ratio is a relic of a bygone era when gold and silver were both integral to the global financial system. They argue that the gold-silver ratio…
Pres. Trump to meet with Israel Prime Minister Netanyahu on Tuesday at the White House !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
I’ve got some fantastic news. We don’t need to worry about that Fort Knox gold audit anymore. Treasury Secretary Scott Bessent assured us all the gold is there. His comments came during an interview on Fox News. Host Jesse Watters asked the Treasury Secretary point-blank, “Have you visited Fort Knox?” “I haven’t. People on my staff have. The treasurer…
Strikes paused but Hormuz is still closed, and the Fed decision is priced near a coin flip. Five weighted scenarios and the levels that decide the week.
USDCAD is higher on the week but has had a rollercoaster ride over the last few days !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ^_`abcdefghijklmnopqrstuvwxyz{|}
In our July 2 update, when Ethereum (ETHUSD) was trading at ~$1,700, we found by using the Elliott Wave Principle (EWP) and Technical Analysis (TA) that “…the weight of the evidence points toward the formation of an important low … price needs to confirm this thesis by ultimately breaking back above … $1,848, with a serious warning for the…
