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Punting

Time To Drop The Aussie? Yeah nah yeahAlright the AUD has had a short bearish rally and stalled. Now retracing, we are faced with the question: Is this a new trend, or just a pullback in the bull market. Bullish factors: - Bounce from the 50D moving average - Yesterday closed bullish - RBA has addressed that further interest rate hikes will be needed Bearish factors: - Potential pricing in of future rate raises into the market already - Recession, strong US jobs data - 1H chart entered a bearish market - broken double top neckline Comment what you think! I am going short here but we shall see what happens.....
Short
by tomstewy
A Buck Gets Ten that Gold Opens The Week DownHowdy readers! Those of you cunning enough will have opened a short prior to NY close last week, anticipating a gap down at next weeks open. Gold has rallied aggressively through the last few days - most likely due to the USD downside (Ukraine war seems to be unwinding, China has lightened covid19 restrictions; both of which have attributed to risk on sentiment). I anticipate some relief to happen early next week, starting with gold opening down.
OANDA:XAUUSDShort
by tomstewy