Featured Post from Alejandro Zambranoby, 12-16-2014 at 07:33 AM
Stock markets and Oil experienced strong losses yesterday exceeding my expectations for declines. The trend of most stock markets are still bearish today and Oil plunged to a new low this morning hence, we can't rule out further losses today.
While I am sticking to the short term bearish trends I would like to point out that we have started to reach longer term support for stock markets, hence we should expect the markets to be choppy.
Tomorrow this month's FED meeting will take place and the FED is expected to change their statement to hint about rate hikes in 2015. If this does take place then this should be bearish for stock markets, Gold and Oil, while bullish for the US Dollar.
The very ...
Featured Post from Alejandro Zambranoby, 12-15-2014 at 10:27 AM
Stock markets and Oil experienced strong declines last week hence is understandable that we have experienced bounces in Stock markets this morning. The short term trends are however bearish and we don't have any fundamental reason to be buyers.
In the case of USOIL we may even turn more bearish as Opec members seem to be ready to allow Brent Crude to reach 40 US Dollar (see ticker UKOIL). There is a strong link between stock markets and Oil right now, we have also seen another decline in the Russian Ruble. An oil price that is too low, may harm Russia which may hit the stock markets.
Later this week, we will get the outcome of the FOMC meeting, if the FED changes their language as anticipated and hint about rate ...
Featured Post from Alejandro Zambranoby, 12-12-2014 at 08:18 AM
Below is an technical overview of some of the most popular Stock Market indices and Commodities.
Price stayed below yesterday's key level 9909 and reached our 9700 target this morning. FTSE100 and US30 are at very low levels and so is the GER30, markets have been declining for the whole week.
Given that price tried to breakout down below 9730 this morning but failed to gain momentum I suspect that we may try to reach 9850 as long as we trade above 9630. We might also get a bullish push by traders that have been short for most of the week and are now looking to cash out.
60 minute time frame
XAUUSD - Gold
We more or less reached ...