In short term always central banks wins. Maybe over couple of months usdjpy will be over 160. But now probably usd/jpy is going to 140.

Cable Update (GBPUSD)

Japan’s central bank intervenes. Yesterday they were 3,4 hours active. If they will continue the whole day then dollar longs have no chance I supppose. I was long in usd/chf.

Cable Update (GBPUSD)

Gold stayed strong after FED , bulls were active. FED decision and oil prices cause some bearish sentiment. oil at 108. Interesting to see what Asian will do. If price can stay below 4560 then still there is chance to go below 4500.

Gold with No Drama

will take long time before decreasing rates according to Powell but depends ofcourse on what happens around.

Gold with No Drama

He stays longer on the board, probably markets doesn't like this

Gold with No Drama

he says there is high inflation as I understand and uncertain situations

Gold with No Drama

Basically no reason to decrease the rates. Only change will be Powell after today.

Gold with No Drama

Sellers have reached their goal apparently and remained away after ~4510. Will they come back is the question

Gold with No Drama

4550 holds for now. If holds then maybe back to 4600 but this could happen during Powell speach.

Gold with No Drama

they are sleeping now.

Gold with No Drama

Oil is up with 3% so there is still big crisis

Gold with No Drama

Currencies have recovered the losses against dollar. Don’t know why but they did. So this may push gold above 4600 in Asian session (just thinking). İf not then will be very bearish day

Gold with No Drama

Depends too much on news. Below 4700 there is chance that it goes more down. How İ see

Gold with No Drama