Saturday, August 22, 2020

Jackson Hole 27-28 Aug - Powell could stoked stock and gold prices

 

Jackson Hole talking point 27-28 Aug - Powell will discuss the Fed’s monetary policy framework review - a review it has been undertaking for nearly two years into how it conducts monetary policy - on the opening day of the Kansas City Fed’s annual symposium on Thursday. Many Fed Governors have made speeches hinting at softening  the inflation target.  The expectation of Powell adjusting its inflation target this Thursday could explain why the bond market lack of reaction to last week’s US inflation data which surprised on the upside. The affirmation of loose monetary policies for a longer term could stoke stock and gold prices next week. It’s will be worth watch Jackson hole next Thursday . 

All posts and charts are for educational and illustration purposes only
Wednesday, August 12, 2020

Gold Suffered Its Biggest 2 day fall in 7 years . Is the Gold rally Over?

 Spot Gold - Suffered its biggest 2 days fall in 7 years falling from 2030 to 1862. 

Is  the Bull Market for Gold over ? 

Gold weakness is caused by the 10 year US treasuries yield climbing a couple of basis points to 0.67% and a recovery of the USD. The dollar index is rebounding but only a move above  95.00  could trigger further upside. The fundamental cataylst for the gold rally remains intact with loose monetary policies expected to stay for a long time that will keep real yield subdued and negative should keep gold attractive. On the chart the Gold uptrend is intact after hitting a low of 1862 and staying above the 50 Days MA .  Gold is likely  to consolidate in a range between 1862 to 2015 for the next 1 months before attempting new high again . This is a healthy correction which will provide bullish investors another opportunity to ride the next leg up. However if Gold breaks 1862 , it could retrace to 1813 and 1741 which will be a good entry level

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All posts and charts are for educational and illustration purposes only
Wednesday, August 5, 2020

Sembcorp Industries Trade Plan

During the market outlook on 1st August 2020, Robin shared about the story of Sembcorp Industries de-merger with Sembcorp Marine. Today, he shared his trade plan with clients in the chat group. More upside expected until AGM on 11 August 2020.

Access video of the Robin's latest market outlook: https://marketoutlook.robinhosmartrade.com/






All posts and charts are for educational and illustration purposes only