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My Thoughts on Current Markets-154

23 Jul 2024 6 minute read 0 comments Perfectionist25

I can say that the price of EURUSD, which is stuck in a narrow area in the 4-hour period, may continue its buying movement in a limited way in line with the reactions that may come from the 1.0886 demand area. In this case, 1.0948 levels stand out as...

My Thoughts on Current Markets-153

22 Jul 2024 2 minute read 0 comments Perfectionist25

Dxy, I have been telling you for a long time that the 106 and 107 regions cannot be crossed permanently. It was rejected again in the 106 region and relaxed to the 104 region. Subsequently, EURUSD and GBPUSD continue their upward rise from where they...

My Thoughts on Current Markets-152

18 Jul 2024 5 minute read 0 comments Perfectionist25

I also observe positive fluctuations in EURUSD following the inflation data kept constant by the European Central Bank. While this situation increases expectations for an interest rate cut, the attention of the markets is turned to the interest rate...

My Thoughts on Current Markets-149

15 Jul 2024 2 minute read 0 comments Perfectionist25

Roughly every day the DAX remains above 18000, it will move towards 20800. Every deep decline is a buying opportunity as long as it remains above 18000 - 17500. Nasdaq was technically very inflated and reached its formation target of 20000 early. Eve...

My Thoughts on Current Markets-148

11 Jul 2024 3 minute read 0 comments Perfectionist25

The positive fluctuation in EURUSD before German inflation data was supported by the statements made by FED Chairman Powell. However, if the movement below the 1.0855 supply zone continues its positive course, I expect the buying potential towards 1....

My Thoughts on Current Markets-146

9 Jul 2024 4 minute read 0 comments Perfectionist25

The New York Stock Exchange completed the first trading day of the week with a mixed course. While investors were looking for clearer signals about the possible monetary policy path of the US Federal Reserve (Fed), a mixed course was observed in the...

My Thoughts on Current Markets-144

7 Jul 2024 1 minute read 0 comments Perfectionist25

Speaking at the European Central Bank's forum in Portugal, Fed Chairman Jerome Powell said the US economy and labor market were strong and that they could take the right steps without rushing. He said that significant progress had been made in reduci...

My Thoughts on Current Markets-140

26 Jun 2024 9 minute read 0 comments Perfectionist25

Nasdaq's historical peak reached 19979. It completed the bowl starting from the 18464 peak in March and doubled up. The 20-day exponential moving average is at 19250. So this closest support is here at 19250, then the 50-day average is at 18712. Unde...

Morning JAVA: The End Of The 'Petrodollar'!

20 Jun 2024 6 minute read 0 comments SweptOverNiagara

The End Of An Era! 50 years ago, the U.S. government, through Secretary of State Henry Kissinger, signed a pact with Saudi Arabia that would see the Saudis sell their oil in exchange for ONLY U.S. dollars. Why? In August 1971, President Nixon decoup...

My Thoughts on Current Markets-137

14 Jun 2024 7 minute read 0 comments Perfectionist25

We renewed the historical peak of 19114 in Nasdaq. There is a bowl that starts in April. Let's see if we can fold this dish. So can we get to 20000? It seems like it is still pushing up. The 50-day average is at 18158, the 20-day exponential moving a...