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$USIRYY -CPI# *M print (post AA+)- Awaiting CPI# numbers readings for ECONOMICS:USIRYY on August 10th (today) post US being Down-Graded to AA +. While on the 9th of August ECONOMICS:CNIRYY came deflationary on the other side of the world Consensus sits at 3.1% (0.1% increase) and some to 0.3% increase at 3.3% for ECONOMICS:USIRYY Economists forecast Inflation rising up again on a steady pace for the rest of 2023 and the entering of 2024 for coming down YoY from 9.1% to 3% On the last ECONOMICS:USINTR Rate Hike Decisions following a Month of Breath, our pal, Jerome Powell stated during his speech regarding Fed's seeing inflation coming up on months to come not being total uder control. This was aswell one of many reasons they didn't felt confident to stop the Rate Hiking . He aswell stated that Federal Reserve does not see Inflation coming down to their Target Norm of 2% CPI by 2025, and they fimrly prompt a 'Soft Landing'. How about another joke, Powell ! It's not about Money , its about sending a Message . Everything Burn ... TRADE SAFE *** Note that this is not Financial Advice Please do your own research and consult your own financial advisor before partaking on any trading activity based solely on this idea.
ECONOMICS:USIRYY
by Mr_J__fx
5
EUR/USD Daily Chart Analysis For Week of July 5, 2024Technical Analysis and Outlook: During this week's trading session, the Eurodollar has surpassed the Mean Resistance level of 1.074 and is currently positioned below the Mean Resistance level of 1.085. The present analysis indicates a potential down movement for the Euro to the Mean Resistance level of 1.078 and subsequently decrease to the Mean Support level of 1.074. However, it is essential to acknowledge the potential for an upward extension towards the Mean Resistance level of 1.090.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 5, 2024Technical Analysis and Outlook: Bitcoin has retraced to our pre-established completed Inner Coin Dip level of 59000, Outer Coin Dip of 57000, and current Outer Coin level of 54000. We anticipate a recovery from this landmark move, with a target to attain the Mean Resistance at 57900 and extend to the Mean Resistance at 60400. Conversely, our principal downside objectives encompass a retest of the completed Outer Coin Dip 54000 and potentially the subsequent Outer Coin Dip 51000.
BITSTAMP:BTCUSD
by TradeSelecter
July Economic Calendar - IMPORTANT EventsIt’s going to be a busy month for the Chair of the Fed (Jerome Powell), who delivers a speech today and then will testify later this month in front of Congress to provide updates on monetary policy decisions. Will we gain clarity on the timing of potential rate cuts this year, and if they are even being considered? Crypto in June - How BTC responds June saw significant volatility across the crypto market. Bitcoin fluctuated between price highs above $70,000 and lows of around $60,000, with substantial movement around 4 June when Bitcoin peaked above $71,000, before declining on 6 June and continuing a downward trend and falling to levels last seen in May. ETH and altcoins followed along, with Ethereum down approximately 11% in June . Pulling it back to the US markets, some analysts argue that the fluctuations was largely driven by uncertainty surrounding inflation data. The drop to $60k could likely be due to the reducing likelihood of multiple interest rate cuts by the Federal Reserve Bank this year, contrary to earlier investor anticipations (causing hesitation and a cautious approach). Upcoming Events that could Affect Markets: ❗ Tuesday, 2 July 📢 Jerome Powell speech Federal Reserve Chair Jerome Powell will provide an economic overview today, outlining current monetary policies. He will answers questions and the outcome of this speech can significantly impact financial markets and investor sentiment. ❗Wednesday, 3 July 📢 Federal Open Market Committee (FOMC) The upcoming FOMC minutes are expected to provide more details on the Federal Reserve's decision to keep interest rates unchanged, and its revised economic projections. Key points could include the reasons behind the more hawkish stance on rate cuts, and the implications of updated forecasts for unemployment and inflation. ❗Friday, 5 July📢 US Unemployment Rate The US unemployment rate is a key indicator of economic health, influencing consumer spending, corporate profits and the social sentiment. During May the US jobs sector added 272,000 jobs, further casting doubt on the rate cuts in the US this year. ❗Tuesday, 9 July 📢 Fed Chair Powell testimony Jerome Powell is set to discuss the state of the economy, monetary policy decisions, and also outline future policy intentions in his twice-a-year testimony in front of Congress. ❗Thursday, 11 July 📢 US Inflation Figures The year-on-year and month-on-month inflation numbers provide crucial insights into purchasing power trends, influencing market expectations for interest rates and the overall economic outlook. The Consumer Price Index (CPI) climbed 0.2% in May, the smallest advance in core CPI since October 2023. Take extra caution when over the next few weeks as volatility will be likely depending on the outcome of these events. _______________________ ECONOMICS:USINTR FRED:UNRATE ECONOMICS:USIRYY
FRED:SP500
by CryptoCheck-
Bitcoin Performance - Trump vs BidenThis is a follow up to the Stock Market Propaganda graphic that has been going around stating the markets performed better under Biden vs Trump. This is an outright lie. I posted a chart yesterday on the Bitcoin performance for each President's time, but I mixed the dates up due to my lack of sleep with my newborn so reposting now. (TV doesn't let you delete ideas) After re-analyzing, Bitcoin actually performed 3,822% better with Trump! Don't believe the lies that are being spread. DYOR!
CRYPTO:BTCUSD
by jonnieking
S&P 500 Daily Chart Analysis For Week of June 28, 2024Technical Analysis and Outlook: The Spooz has exhibited marked downward price action during this week's trading session, swiftly descending on the last trading day of the week from our designated Key Resistance level of 5488. It displays distinctive interim bearish price action characteristics, targeting Mean Support levels at 5449 and 5420. Anticipated renewed upward movement is expected from one of these specified price targets.
SP:SPX
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of June 28, 2024Technical Analysis and Outlook: Bitcoin has declined to our predetermined Mean Support and Next Inner Coin Dip levels of 60700 and 66500, respectively. We anticipate a rebound from this point, aiming to reach the Mean Resistance at 62500 and Inner Coin Rally level at 63300, with potential for further upward movement. Conversely, our downside targets encompass revisiting the completed Inner Coin Dip at 59000 and the completed Outer Coin Dip at 57000.
BITSTAMP:BTCUSD
by TradeSelecter
Unemployment & The Coming RecessionOnce the Unemployment Rate crosses the 36 mo MA this has historically marked a period of a coming Recession. As you can tell from the RSI indicator we entered into this phase a few months ago. I'm posting this chart because tomorrow Biden is going to tell everyone how great the Economy is doing (wait for it), but the Unemployment Chart indicates we have officially moved into the "Recession" category and there is nothing on the horizon that says this situation is going to be improving, in fact, millions of illegal aliens now flooding into the country indicates the situation will be getting much worse. Banks will begin seizing a record number of properties in foreclosures and bankruptcies as the Unemployment Rate continues upward thanks to the plans they implemented. These periods of "Boom and Bust" are completely fabricated through the policies they implement. There is no reason why this chart shouldn't be mostly a steady line with minor hills and valleys in what would be considered a growing and healthy economy. Also note the Unemployment Rate has never returned back to it's 1972 levels following the removal of the Gold Standard in 1971 by Nixon.
FRED:UNEMPLOYShort
by cldx
Nasdaq Slapped- Like u saw yesterday, BTC dipped but the main reason for now is just the global economy being worst. - Nasdaq Companies made big % lost yesterday - here the main list - www.cnbc.com - The Covid19 caused a fast dip followed by a mega pump based on stimulus (brrrrr), now the real dip is ongoing. ---------------------------------- Trading Part ( Long Term ) ---------------------------------- - Buy 1 : 12,000$ - Rebuy : 10,500$ - 11,000$ TP : before 20,000$ ---------------------------------- - This Analyze of course can be faked by a strong money printing (Brrrrrrrrrrrr) Happy Tr4Ding and St4y Safe !
SKILLING:US100Long
by thecryer
38
Macro Monday 52 - Vietnam – The Global Food Supply Giant Macro Monday 52 Vietnam – A Global Food Supply Giant & Diverse Manufacturer According to a report by global wealth intelligence firm New World Wealth and investment, Vietnam is forecast to see a 125% increase in wealth over the next 10 years. This would be the largest expansion in wealth of any country in terms of GDP per capita and number of millionaires, according to the New World Wealth. “Vietnam is positioned to see the sharpest increase in wealth growth in the world over the next decade as it cements its status as a global manufacturing hub” New World Wealth. The GDP growth rate for Vietnam in 2024 is expected to meet the government’s target of 6.5% making it one of the fastest growing economies in terms of GDP growth, the GDP growth rate reached as high as 8% in 2022. Vietnam is also home to 100 million people with 70% of the population between the ages of 15 – 69 and 25% under the age of 15, offering some sustainability to the long-term workforce. Vietnam’s top exports: 1. Electrical machinery and equipment: Valued at $187.1 billion (40.8% of total exports). 2. Machinery including computers: Amounting to $40.1 billion (8.7%). 3. Footwear: Contributing $33.7 billion (7.4%). 4. Knit or crochet clothing and accessories: Worth $21.5 billion (4.7%). 5. Furniture, bedding, lighting, signs, and prefabricated buildings: Totaling $21 billion (4.6%). 6. Clothing and accessories (not knit or crochet): Representing $20.1 billion (4.4%) Footwear experienced the highest growth among these categories, increasing by 85% from 2021 to 2022. Additionally, machinery (including computers) saw a significant 66.3% advance in export sales during the same period. Nike and Adidas have established their main production bases in Vietnam. If there is one thing everyone needs, it’s a pair of shoes, a great staple for the country to specialize in. Food Produce In recent years, Vietnam has quietly transformed from a regional agricultural producer into a global food powerhouse. Its innovative food industry now plays a critical role in shaping the world’s food supply and that has not happened by chance. Vietnams food story is historic but has also been recently significantly leveraged through government incentives and investment. Vietnam’s impressive array of food exports includes rice, coffee, cassava, bananas, mangoes, and citrus fruits. These products not only sustain local communities but also have a substantial impact on feeding people worldwide. If you ate rice recently or had a robusta coffee, there is an increasing probability that it came from Vietnam. Lets have a look at some of the main Vietnamese food exports that are critical to the global food supply Rice Vietnam will likely become the 2nd largest rice exporter in the world in the 2024/25 season, over taking Thailand’s current 2nd place export volume of 8.2 million tonnes annually. Vietnam exported approximately 7.6 million tonnes in the 2023 to 160 countries. This is expected to exceed 8.5 million tonnes in 2024/25. The Philippines remains Vietnams largest rice buyer, accounting for 45.5% of the country’s rice export turnover. It is interesting to revisit last weeks Macro Monday Country, the Philippines and their close trade ties with Vietnam. The Philippines is one of the largest producers of coconut oil. It is starting to look like South East Asia is a diverse set of critical food producers and disseminators. India hold 1st place as the largest exporter of rice in the world, exporting 17 million tonnes annually. We must acknowledge China as the largest producer of rice in the world at 208 million tonnes, however China only exported c. 2.2 million tonnes, making China a lessor contributor to the supply of rice around the globe. Coffee Vietnam is also the 2nd largest coffee exporter in the world, exporting 1.5 million tons of coffee a year. It is their second most exported asset after rice. Vietnam is known as one of the world’s largest producers of the Robusta coffee bean. Remarkably, Vietnam contributes a significant 40% of the world’s overall Robusta bean production, renowned for its bitterness and suitability in well-rounded coffee blends. Similar to the Ivory Coast, the largest producer/exporter of Cocoa in the world that we covered a few weeks ago, there is also a strong French colonial connection in Vietnam. Vietnam was colonised by the French between 1858 and 1900. This is relevant because the exploitation of natural resources for direct export was the chief purpose of most French investments post colonisation. The robusta coffee in Vietnam was introduced by the French during this period which is the only reason the region has the unique robusta coffee production and export ability. Whilst this could be perceived as having a good long term impact on Vietnams economy, there was a segment I came upon which outlined how rice production was significantly increased as early as the 1900’s, then pushed by the French colonists. This segment paints a tragic picture whilst helping us understand how these countries with favourable land and climates where forcefully farmed and natives subjugated; “ Through the construction of irrigation works, chiefly in the Mekong delta, the area of land devoted to rice cultivation quadrupled between 1880 and 1930. During the same period, however, the individual peasant’s rice consumption decreased without the substitution of other foods. The new lands were not distributed among the landless and the peasants but were sold to the highest bidder or given away at nominal prices to Vietnamese collaborators and French speculators.” - Britannica Excerpt Considering the above, it is easier to understand how these countries have become major producers but also major exporters for Rice, Coffee and Cocoa. Robusta Coffee Background Coffea canephora, commonly known as Robusta coffee, has its origins in central and western sub-Saharan Africa. Dutch botanists discovered it in its native form in the former Belgian Congo, and it was later introduced to Vietnam in 1900 after specific coffee rust disease devastated separate plantations in Ceylon(Sri Lanka) and Java (Indonesia). You might recognise these names for the famous name sakes, Ceylon Tea and Java Coffee (Arabica). It appears South East Asias has a strong history of production in not just tea, but coffee also. Coffea canephora boasts several unique features. First, it contains nearly twice the caffeine compared to Arabica beans, contributing to its bold flavour and strength, making it ideal for espresso-based drinks and commercial blends. Second, Robusta plants thrive at lower altitudes (typically below 800 meters) and in hotter climates with ample rainfall. Their resilience against diseases and pests makes them a popular choice for coffee farmers in tropical regions. Lastly, Robusta beans deliver a pronounced bitterness and are less aromatic than Arabica beans, appealing to those seeking a powerful coffee experience. Now lets have a look at The Vietnam Stock Index which is valued in Vietnamese Dong. The Vietnam Stock Index - HOSE:VNINDEX - You can clearly see a long term ascending triangle and a rising 10 month moving average. The targets and trade structure is clear and presents a great long term potential upside over 5 – 10 year time horizon. VanEck Vietnam ETF - HOSE:VNM For a shorter term play, and to take advantage of this growing economy, you could invest in the VanEck Vietnam ETF between now and 2026. - Ideally you would want the price to break out above the red line (POC) and find support above the 200 Day SMA (Blue Line). Once the 200 Day SMA is sloping upwards it would be a matter of riding the trend. - Given price has been gradually making higher lows since 2020, we can presume that this is a long term increase in demand gradually pressing up price. We have a stop placed with a 6.5% downside risk with potential for 77% return or an earlier exit if you wish with lessor percentage gained. - The structure for the trade is clear on the chart and it is there to be played. We have economic information that suggests that Vietnam is going to have a good decade. Based on all our information above and the positivity around the Vietnamese economy, there is ample opportunity over the next few years to establish a good long term allocations in the above indexes or specific stocks in Vietnam. Getting exposure to South East Asia in general is starting to seem like a smart choice. The Vietnam economy, similar to the Philippine economy we covered last week, and the South Korean economy we covered weeks ago, are all signalling that they are likely entering into golden era’s of significant growth. All these charts are available on my TradingView Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how the Vietnamese stock market has performed. I hope it’s helpful.
HOSE:VNINDEXLong
by PukaCharts
S&P 500 Daily Chart Analysis For Week of June 14, 2024Technical Analysis and Outlook: The Spooz achieved the designated downside target of Mean Support 5325 before ascending to fulfil two significant milestones: the Inner Index Rally 5408 and the subsequent Outer Index Rally 5450. Presently, the index is poised for upward movement, with two distinct targets: the Inner Index Rally 5480 and the subsequent Outer Index Rally 5560. In a downward scenario, it is anticipated that Spooz may test the newly established Mean Support level of 5401, which is expected to catalyze reigniting its bullish trend.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of June 14, 2024Technical Analysis and Outlook: The Eurodollar has achieved two of our downward trend targets in the current week's trading: Mean Support at 1.075 and 1.067, respectively. The remaining downside targets continue to be valid. The ultimate target for the completed Inner Currency Dip is 1.060 and 1.054; out of most, the completed Outer Currency Dip is 1.045. On the upside, the dead-cat rebound is set to target Mean Resistance at 1.073.
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of June 7, 2024Technical Analysis and Outlook: In this week's trading, the Eurodollar has completed our Inner Currency Rally of 1.091 and reverted sharply to our designated target of the Mean Sup 1.080. The currency is expected to continue its downward trajectory to Mean Sup 1.075 with a follow-up Dead-Cat rebound to the reverted resistance level of 1.080 (Previous Mean Sup). The ultimate target of the well-established completed Innet Currency Dip 1.060.
by TradeSelecter