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Gold Descending ZigZag Marks The Downtrend

Gold Descending ZigZag Marks The Downtrend

  Source: Admiral Markets MT5 with MT5SE Add-on – Gold Daily Chart Gold has formed a descending zigzag pattern suggesting further bearish movement. The POC zone where the sellers might be appears to be between 1199.25-1205. Rejection from the zone targets 1181 and 1169.70, only below W L3, and the price should resume towards 1154. 1215 needs to hold if […]
Gold And The Turning Of Monetary Tides

Gold And The Turning Of Monetary Tides

Some time ago, the newest edition of famous In Gold We Trust report was released. So, why should we trust in gold in 2018? The main theme of the latest report is the unfolding sea change in the global monetary order. The authors focus on the turning of the tide in terms of monetary policy, i.e. […]
BTC/USD Forex Signal – Tuesday, August 21

BTC/USD Forex Signal – Tuesday, August 21

Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken between 8am London time and 5pm Tokyo time, during the next 24-hour period. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the […]
Trump Comments Hit Dollar, Little Impact On Rates

Trump Comments Hit Dollar, Little Impact On Rates

The US dollar is broadly lower following President Trump’s comments yesterday, criticising Fed policy and reiterating his previously made claim that China and the EU are manipulating their currencies. We suggested that last week’s presidential tweet that identified strong capital inflows into the US may not have been written by President Trump. The qualification of a superlative […]
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                        Fiat Currency Inflation, And Collapse Insurance

E Fiat Currency Inflation, And Collapse Insurance

Insurance against fiat currency Billions of people covering a vast land mass around the globe do not have insurance of any sort. Why? It is because they own few assets. No house, no car, just a hovel with no electricity or water at the foothills of some nondescript mountain. By contrast, those who live in […]
USDCAD Daily Analysis – Tuesday, August 21

USDCAD Daily Analysis – Tuesday, August 21

USDCAD is now in downtrend from 1.3174. Further decline is still possible after a minor consolidation and next target would be at 1.2961 support. Near-term resistance is at 1.3100, only a break of this level could bring the price back towards 1.3174 previous high.
When Americans Don’t Receive A Fair Day In Court

When Americans Don’t Receive A Fair Day In Court

In June, federal Judge Richard Leon ruled against the Justice Department‘s efforts to block the acquisition of Time Warner by AT&T, and precipitously discouraged the Justice Department from seeking an injunction to delay the merger pending appeal. Fortunately, Antitrust Chief Makan Delrahim has backbone. The American people did not receive a fair day in court. The appellate court should review […]
BTC/USD May Form Another Lower High After Breaking Key Support

BTC/USD May Form Another Lower High After Breaking Key Support

With another bloody Monday across the board, Bitcoin appears to be reaching for the support level I’ve been looking forward to the past few days. BTC/USD erased all Sunday’s gains by the end of Monday’s trading session, and then some, diving back towards the key support level of $5,850 as it travels below the daily […]
EUR/USD Likes Trump’s Talk But May Have Reached Its Limit

EUR/USD Likes Trump’s Talk But May Have Reached Its Limit

The EUR/USD is trading above 1.15, pushed up by Trump’s comments. The ECB’s dovishness and trade could limit the upside. The charts show slightly overbought conditions for the pair. The EUR/USD is trading above 1.1500, significantly higher than in Monday’s morning trade but below the fresh highs of 1.1542. US President Donald Trump sent the US […]
More Tariffs On China: “They Better Pay Attention” Was The Hamptons Message

More Tariffs On China: “They Better Pay Attention” Was The Hamptons Message

Not only did Trump whine about interest rates at the Hamptons fundraiser, he also threatened China. The Wall Street Journal reports U.S. Moves Toward New Tariffs on China Despite Fresh Round of Trade Talks. The Trump administration is moving closer this week to levying tariffs on nearly half of Chinese imports despite broad opposition from U.S. […]