Feel the Burn – Slope of Hope with Tim Knight
As I predicted/hoped on Friday, crude oil is resuming its weakness, as it continues on its long slog of lower lows and lower highs. In turn, my bearish energy positions…
Bitcoin rises 4% amid long liquidations, and short-term holders realized share
Bitcoin rose above $63K following a bounce off the $59K level. The recent decline in Bitcoin between Wednesday and Thursday led to long liquidations of $290 million. Short-term holders realized…
Markets Weekly Outlook – ECB to Deliver 25 bps Rate Cut? Bank Earnings in Focus
Market expectations for a Federal Reserve rate cut decreased following mixed US data signals. The European Central Bank’s interest rate decision is a key event, with a 25 bps cut…
Tesla’s Good Behavior – Slope of Hope with Tim Knight
I think one would be hard-pressed to find a financial instrument as chart-compliant as Tesla. It behaves itself beautifully with respect to its Fibonacci retracement levels and major trendlines, and…
Gold rises on mixed US data, though Fed’s hawkish tone limits gains
Gold edges bouncing from a daily low of $2,603 after US inflation data showed a slight increase, tempered by weaker jobs figures. The swaps market now expects the Fed to…
Australian dollar extends losses, Fed minutes loom
The Australian dollar continues to decline and is down for a fifth straight day. In the North American session, AUD/USD is trading at 0.6725, down 0.31%. The Aussie is down…
US Dollar declines as markets anticipate Fed Minutes and CPI
DXY snapped a five-day winning streak and seems to be taking a breather below 103.00 Fed easing expectations have been tempered following last week’s jobs report Fed speakers are expected…
Markets Weekly Outlook – Jobs Report May Lead to Cautious Fed, US CPI Next
Strong US jobs report shifts Fed rate cut expectations from 50 bps to 25 bps. Geopolitical tensions in the Middle East drive up oil prices and safe-haven assets. Upcoming US…
Different Kind of Options – Slope of Hope with Tim Knight
I’ve read Elliott Wave International for many, many years, and I tend to know their “tells”. When they are feeling self-assured, they will boldly state that the market is going…
Gold price sinks as US jobs data eases recession fears
Gold drops after robust US jobs report lowers pressure on the Fed. US 10-year T-note yield climbs to 3.971%, while the US Dollar Index hits mid-August highs at 102.58, capping…
US Dollar Index (DXY) Extends Gains, BoE Governor Bailey Remarks Weighs on GBP/USD
The US Dollar Index (DXY) has seen a strong rally this week, fueled by expectations of a 25 bps Fed rate cut in November and safe-haven flows amid rising Middle…
Yang a Gong – Slope of Hope with Tim Knight
Since China has gone absolutely BERSERK………. You might just have a golden opportunity to fade this bonkers strength by way of the triple-bearish-on-China symbol YANG. Judging from the volume, it…
The US labour market will be in the spotlight along with Fed speakers
The Greenback extended Monday’s optimism and advanced to two-day highs supported by rising geopolitical concerns ahead of key data releases and a slew of Fed speakers. Here is what you…
NZD at 14-mth high as NZ business confidence jumps
The New Zealand dollar is higher for a third straight day. NZD/USD is trading at 0.6374 at the time of writing, up 0.53% on the day. New Zealand business confidence…
Foreign Adversaries – Slope of Hope with Tim Knight
The past week was all about China, and their pathetic efforts to goose their stumbling, debt-ridden Communist economy. It worked, to be sure, for the few days they were pumping…
Ethereum based crypto mixer Tornado Cash founder to face trial on alleged money laundering
Tornado Cash co-founder Roman Storm is set to face trial on money laundering charges as a US federal judge denies motion to dismiss the lawsuit. The US Department of Justice…
Markets Weekly Outlook – Will the NFP Report Validate Rate Cut Optimism?
Fed policymakers maintain a dovish stance, and market participants are pricing in a potential 50 basis point rate cut in November. The US dollar hit a fresh YTD low, while…
Semi Gaps – Slope of Hope with Tim Knight
Micron’s earnings report sent the stock exploding higher. As I wrote last night, however, take note of the substantial overhead supply holding things from going any higher. This fact is…
Crypto Today: Bitcoin, Ethereum and XRP take slight downturn as potential “Uptober” move faces uncertainty
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Gold (XAU/USD) Prices Underpinned by Geopolitics, China Stimulus and ETF Flows, $2650 Up Next
Gold prices advance, underpinned by ETF Flows, China stimulus and safe haven flows, Gold ETF flows have been positive, and if this trend continues, it could further support the upward…