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Jacksonholesymposium

THE KOG REPORT - UpdateEnd of day update from us here at KOG: We had a decent move today with last nights resistance holding price at 2520 giving the opportunity to short into the bias level targets 2500 and 2497. Unfortunately, we didn't get the short from that higher level that we wanted, but managed to get something out of it. We've now corrected the move back up into the order region with the same resistance level active, as shown on the chart. With Jackson Hole looming and tomorrow being a day with potential volume, we would say play caution now as they may want to accumulate again here, swoop the high, then come back down again. If they fail to break above, you can see the path continue to the downside as projected in the KOG Report. We would now say stand aside, wait for the break in either direction. Resistance levels - 2510 / 2515 / 2520 / 2524 Support levels - 2505 (needs to break) We have linked the previous post on Jackson Hole below, please have a good look and prepare yourself for what's potentially to come. Please don't treat it like you're everyday market condition, and please trade sensibly. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
2
The Scenario for New EUR/USD 2024 Highs? Market sentiment is leaning towards three more rate cuts from the European Central Bank (ECB) this year, while economists are more cautious, expecting just two. Should the economists be correct, 2023’s high for the EUR/USD pair could be back in play. The market's confidence in ECB rate cuts outpaces that in the Federal Reserve. The Fed, facing closer scrutiny, is walking a tighter rope; its first rate cut in years will likely be the most important event of the year (possibly bigger than the US election), as it marks the beginning of a new monetary-policy phase. Adding to the intrigue is a recent uptick in Eurozone inflation, which suggests that progress on this front may have stalled. In contrast, many believe that U.S. inflation is either under control or nearing that point. This week's Jackson Hole symposium, scheduled for August 22-24, could provide further insights, particularly from European policymakers. Bank of England Governor Andrew Bailey is already confirmed as a speaker, but the full agenda of talks is released closer to the opening day.
by BlackBull_Markets
What to Expect at Jackson Hole Next Week? Traders will next hear from Federal Reserve Chair Jerome Powell during his highly anticipated address at the Jackson Hole Economic Symposium. The key question hanging over the market: Will Powell use this speech to pave the way for a potential interest rate cut in September? Scott Helfstein, head of investment strategy at Global X, argues that Powell should take this opportunity to celebrate the Fed's achievements and steer the market toward a 25-basis-point cut next month. Powell is expected to continue the tradition of Fed chairs delivering opening remarks at the Jackson Hole conference, scheduled for Friday morning next week. Market participants are currently divided on whether the Fed will opt for a 25- or 50-basis-point reduction. However, the true size of the cut could be influenced by the August jobs report, set to be released just a week after the Jackson Hole summit.
TVC:DXY
by BlackBull_Markets
EURUSD in on the way finding breakoutAs my analysis for EURUSD, The price stuck on the weekly support which highlighted based on the chart. The Weekly trend still in bullish position but still find out the direction either down or more higher for long term position. As the US want to keep their monetary policy, keep going fight the inflation, probably, USD will take an advantage to keep them strong. Whatever it is, i will looking for any breakout happen at the current price based on its support and resistance, accompany by the trendline waiting for break or not.
by Lowzeus
1
Central banks know how to establish nice channelsThis weekend we have Jackson Hole meeting. Uncle Powell and aunt laggard will sit together and decide what will happen to FX:EURUSD . Let's see if they allow Euro to bounce from here. Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
by WhaleGambit
Gold, Yen, Dollar to Hang on Powell's Words at Jackson Hole With treasury yields hovering close to their highest point in the past 15 years, attention is squarely focused on the forthcoming policy speech by Fed Chair Jay Powell this Friday at the Jackson Hole event. The primary interest lies in gauging the current level of hawkishness exhibited by the Federal Reserve. Anticipations are that Fed Chair Jay Powell will reiterate the sentiment expressed during the July policy meeting, emphasizing the persistence of elevated inflation and the Fed's unwavering commitment to restoring inflation to the central bank's targeted 2%. Naturally, the subtleties within his communication will hold the real significance. Will his indications suggest that the Fed draws encouragement from the recent series of more moderate inflation metrics, potentially signaling an upcoming prolonged pause in the Fed's actions? Alternatively, will he lay the groundwork for another one or even two additional interest rate hikes? The latter scenario could potentially result in a further strengthening of the US dollar and the continued weakness of gold. XAU/USD finds itself trading below all its moving averages, with the 200-day Simple Moving Average consistently rebuffing any attempts at upward advancement. Two currencies that warrant close observation for potential intervention are the Japanese yen and the Chinese yuan. Market analysts presently perceive the intervention threshold for the yen to be around 150 against the dollar, while indications point to ongoing intervention efforts concerning the yuan. According to Reuters, state-owned Chinese banks were observed actively supporting the offshore yuan on Monday.
BLACKBULL:XAUUSD
by BlackBull_Markets
KOG REPORT:KOG Report: In last week’s KOG Report, we said we would keep the bias as bearish below 1945 and we would be looking for the target level of 1890. Ideally, we wanted the support levels to hold giving us a move for the long trades, and then we would be looking upside resistance to short the market again down into the given level. Unfortunately, we didn’t get the move to the upside we wanted, instead, Excalibur kept activating short only giving us level to level opportunities for good captures, but not the big one that we wanted. It ended with one of the best week’s we’ve had in Camelot with a succession of completed targets across the markets and US30 being the star of the week. So, what can we expect in the week ahead? We have a few levels on the radar for this week with the key levels being the 1860-65 region support and the 1899-1903 level resistance level with the extension above that at 1906-10. The bias will remain as bearish below of which the levels will be given daily updates but the preference this week will be on trying to capture the bounce from support levels. For that reason, we will be looking at price attempting to target the immediate resistance levels above 1895 and above that 1899 where if we see strong resistance, we feel an opportunity to short the market down into the support levels could exist. It’s these lower support levels where again this week we will be looking for the reaction in price in attempt to capture the long trade back up into the higher resistance levels initially 1910 and above that 1917-20. Now, on the flip, if we break resistance to the upside, we will be switching to level-to-level trading following Excalibur to the upside and looking for a strong level of resistance. Upon a confirmed set up, we will be looking to short the market back down into that support level following the bias and the daily targets. What we need to keep in mind is that we have Jackson Hole coming up towards the end of the week. It is very likely we will see choppy price action and potentially a range forming towards Thursday and Friday. We have published the previous analysis on Jackson Hole (link below), please have a look at this as it will give you an idea of the potential the market has to really move price aggressively. We will post part 2 during the week. KOG's Bias for the week: Bearish below 1907 Bullish on break of 1907 Key levels: Resistance: 1899 / 1910 /1917 /1920 Support: 1880 / 1875 /1867 / 1860 Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
11
KOG - JACKSON HOLE Part 1Jackson Hole Symposium: What is the Jackson Hole Symposium? The Jackson Hole symposium (Economic Policy Symposium) is held in Jackson Hole, Wyoming USA. It is an event attended by the worlds top financial professionals including ministers, bankers and academics. It is a closed event so no press are allowed access to the meetings or talks. Instead, press conferences are held throughout the event where any comments from financial professionals usually move the markets and cause extreme volatility. This is not the usual analysis we provide. Instead, what we wanted to show you is the last 3-4yrs of market data illustrated on the charts, giving you an idea of what this event can do and cause on the markets. In this example, on Gold. So, lets start with last year, 2021. We can see the price was at a similar price point to where we are today, just slightly higher at around the 1780 level. The early sessions were quiet, however, after a retest of the low look at the aggressive move to the upside! Price started at 1780 and the move completed at 1836. 500+ pip move in a matter of days. Lets look at the top right chart, 2020. Again, look at the choppy price action, the whipsaw up and down, then the rested of the low before an aggressive move to the upside. Price started at 1904 and the move completed at 1994. 900pip movement in a matter of days. Now 2019, a slow start in the early sessions, all of a sudden, a rested on the low and then another aggressive move to the upside. Price started at 1491 and completed the move 1557. Over 500pip movement in a matter of days! What we’re trying to show you here is that its going to be a very difficult event to trade for new traders. Its going to be choppy, its going to be volatile, its going to whipsaw and its likely to move. If you’re caught the wrong side of it its going to kill your account. Best practice here is to let the market make the moves it wants to, wait for the price to settle in whatever level they want to drive it to, once this has happened then look for the setup to get in to the trade. Hope this helps. As always, trade safe. KOG
FOREXCOM:XAUUSDEducation
by KnightsofGold
32
NYT: Fighting the Fed?!New York Times Co Short Term - We look to Buy at 29.68 (stop at 27.17) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Trend line support is located at 29.60. Support could prove difficult to breakdown. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 35.79 and 39.00 Resistance: 35.90 / 47.50 / 56.00 Support: 29.30 / 22.00 / 16.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:NYTLong
by VantageMarkets
Nifty could not hold above 50 hours EMA.Powell's Speech at Jackson hole Symposium to decide the direction of NIFTY and other global indices. Green lines support red lines resistances. Unfortunately we could not end above 50 hours EMA. Despite multiple attempts today. Good outlook from Powell can give us gap up above 50 EMA. Otherwise things can slide down side next week. Supports : 17484, 17346, 17246 and finally 17021. Below this level we can see a free fall towards 16900-16445. Resistances : 17625, 17719 and 17988.
NSE:NIFTY
by Happy_Candles_Investment
Oil Further DownsideOil is going through an indecisive patch. Was this a Double top? That is the key question we need to answer. Let us look at some fundamentals: as the world swings towards a recession, the demand for Oil will see a further fall. Japan wants to restart their nuclear plants, the world is looking for ways to ween off Gas and Oil. Germany & Canada signs a deal to produce green H2. Looks like the long term headwinds for Oil will stay. In the short term, the indecision is caused by fears of a recession vs the impact of the Jackson Hole annual meetup and its impact on the dollar. In the short term Oil may head to 95, but in the mid term, it will continue its drive down to 80 and below.
NYMEX:CL1!Short
by The_Rational_Investor
GOLD, XAUUSD Short, interest rate pressure and Jackson Hole Symp📝 Weekly gold analysis ◽️ The rise of the dollar index last week was able to put pressure on gold and we saw the drop in gold prices last week ◽️ The previous meeting of the Federal Reserve did not clarify the tasks of the traders very much, so the traders are looking to the next meetings for their final decision to see signs of an interest rate increase or ending it. ◽️ Global inflation is like a running horse that continues to rise and interest rates and the increase in interest rates have not yet been able to pull the reins of this horse. ◽️ Therefore, what we will probably hear from central bank managers will be words like determined efforts to reduce and control inflation. ◽️ So traders are looking for This week, Jackson Hole Symposium on Thursday, August 25. Comments and speeches from central banks and other influential officials can create significant market volatility. ◽️ The daily trend of gold is short and the pressure on gold is so much that it can record lower prices for itself ◽️ The price of $1722 will be achieved if the market once again finds signs of rising interest rates. 🔻 Based on Ziwox Terminal data, Trend is short, Fundamentally Gold is bearish 🔻 Supports are: $1738, $1722 and $1712 🔻 Resistance: $1765 and $1803 🔻 Any upside reversal movement is a short opportunity #weeklygold #XAUUSD
OANDA:XAUUSD
by Alisabbaghi