Bitcoin technical anlalysis & managing a profitable bitcoin short trade
We follow up on the previous bitcoin technical analysis and trade idea (see video within that page) What happens if we see new information that may affect our trade? Well,…
Read More »Gold price analysis & trade idea close to $1700
The video below presents a technical analysis for Gold as the price of XAUUSD is close to $1700 and the trade idea, for your consideration, becomes applicable only if the…
Read More »RBNZ monetary policy decision and review due at 0200 GMT: 3 scenarios (& NZD implications)
The Reserve Bank of New Zealand is widely expected to hike its official cash rate (OCR) by 50bp today: Wednesday, 13 July 2022 due at 0200 GMT Previews earlier: Reserve…
Read More »Sri Lanka descends into chaos. Where might the commodity crisis hit next?
Sri Lankan President Rajapakse and Prime Minister Wickremesinghe were forced to flee today after enormous anti-government protests. Huge crowds stormed official government buildings and took over the President’s home. Videos…
Read More »US Nonfarm payroll report due Friday, 8 July 2022 – preview
Due at 1230 GMT: Snippet via Société Générale: Employment gains are slowing, and we view this as inevitable as more of the unemployed have found jobs and the unemployment rate has…
Read More »China COVID update. Beijing further relaxes curbs, Shanghai declare victory … but …
Beijing will reopen primary and secondary schools for in-person classes. Senior and middle high schools were allowed to return to classrooms from June 2, now all are reopening. Beijing shut…
Read More »Australian data – Westpac monthly consumer confidence for June: -4.5% (prior -5.6%)
The index drops to 86.4 from 90.4 in May. Monthly survey confirming the downwardly spiralling weekly survey results: Australia data – ANZ Roy Morgan weekly consumer confidence 80.4 (prior 87)…
Read More »Reuters poll on Federal Reserve expectations: 50bps in June and July with more to follow
Reuters poll report holds no surprises: The U.S. Federal Reserve will hike its key interest rate by 50 basis points in June and July, with rising chances of a similar…
Read More »Another district in Shanghai to be locked down – for mass COVID testing
Minhang District is a suburban district of Shanghai. the entire district is to enter lockdown. Mass testing of people to begin from Saturday. While cases have been found outside quarantine…
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