FOREX - Trends, forecasts and implications 2016 - page 174
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Read more on RBC:
http://www.rbc.ru/economics/26/02/2016/56cff5609a7947fa0632e750?from=main
Did Gina have a change of heart?)
Gold rises as stock markets continue to panic. Investors are stepping up investments in gold bullion-backed exchange-traded investment funds. Will gold continue to rise in value?
Since the beginning of 2016, gold has already risen in value by 16% as falling commodity prices have heightened concerns about a slowdown in the global economy. Stock indices around the world have fallen due to reduced investor appetite for risk, while the value of gold has started to rise as demand for safe-haven assets has increased. As developed eurozone countries and Japan had little success in stimulating inflation through monetary issuance and China's economic growth slowed, investors revised down the likelihood of further Fed interest rate hikes this year. This led to a depreciation of the US dollar and made gold more accessible to holders of other currencies. Investors have built up assets in bullion-backed exchange-traded investment funds, with assets in the world's largest ETF SPDR Gold Trust rising to 760.32 tonnes, the highest since March 2015. And if the fall in equity markets continues, gold will attract even more investment and its bullish trend will continue. Today will be the second reading of fourth quarter GDP, the Personal Consumption Index for January and the Consumer Confidence Index from the University of Michigan. A positive change in the data will be a bearish signal for gold.
On the daily chart XAUUSD: D1has been rising since early 2016. The instrument is above its 200-day moving average and reached a yearly high of $1260.6 a fortnight ago. The Parabolic indicator gives a sell signal. The Bollinger lines are widening, which could indicate an increase in volatility. The RSI oscillator has exceeded the 50 mark and is close to the overbought zone. The MACD indicator is above the signal line and the zero level, which is a bullish signal. The 50-day moving average has reached the 200-day moving average, and if it crosses the latter, it will generate a "golden cross" buy signal. We believe that the uptrend will continue after the price closes above the last fractal high at 1239.95, which could be an entry point. A pending buy order could be placed above this level. A stop loss could be placed below the last fractal low at $1190.9301. After placing the order, the stop-loss should be moved daily to the next fractal low, following the Parabolic signals. Thus, we change the potential profit/loss ratio in our favour. In case the price overcomes the stop level at 1190.9301 without activating the order, it is recommended to delete the position: there are internal changes in the market that have not been taken into account.
what about the moon?
there is an assumption that it will go even lower to the americans:
what's the thinking?
momentum lengthened low 3399 from there to move 4040
Reds, 3650 - 3850 rise worked out, 3770 - 3560 fall worked out the 30pip overrun. Now needs to overshoot at least 3920! (bought)
Extra eur and pound on the break !
will accelerate, there are stops below, 0896:
stop 32 pips, eu for a correction from there 1190
the yen opened ))))
Well, right again....
without 5 pips
my 3 orders did not open ((( (yen moose on stop reversed) (canadian old 3380)
waiting for the over break and boo.
hz, friday yes level:
the eura won't roll back - wrong day. (for Monday).
We'll fight some more today:
We'll fight some more today: