This topic is for the latest news and price action in relation to speculation and economics.
Gold in US Dollars - recent history and near future
Gold tapered then pulled back from 6 month highs while the NASDAQ rebounded from a correction - coincidence? AUD Vantages anticipates the pull-back to continue to $1,250 USD within Q1.
Crude Oil Brent
Latest price 61.64, bullish 1-month time-frame.
Target $70.00 for 13%.
Although AUD Vantages isn’t particularly confident in the pick Crude Oil Brent against the US Dollar at this early stage in up-trend there are supporting evidences the up-trend will mature. Evidence includes the US Dollar pulling back, Crude Oil Brent being under 1-year support, the price being around an important 3 year up-trend line and being around a 2 year resistance price line which could now be considered support.
NASDAQ = $6,905 on 1/14/19 at 4:44 PM
Sell
Target $6,500 in 10-60 days for 6.2%
Historical price data from the end of 2018 implies heavy selling will occur around the current $7,000 price range. The most recent 5 day historical price data illustrates how heavy selling has occurred after the rebound. Expect prices to retreat towards support levels around $6,200.
AUDUSD on 1/15/19 at 4:50 PM
Buy target 0.73 in 1-10 weeks for 1.4%
Price rally in the AUDUSD from September 2015 lows of around 0.70 to 0.80 in July 2017 is likely to increase demand.
AUDJPY on 1/15/19 at 4:57PM
Buy target 80 in 1-10 weeks for 2.1%
FNMA (Fannie May) quote 2.36 at 3:28 PM 1/18/19
Massive volume and gains on Fannie May (FNMA) stock price today looking up towards $3-$6.
Brent Crude Oil 1/22/19 Latest Quote $58.50
AUDvantages maintains a slightly bullish outlook for Brent Crude Oil with a target of $70.00.
XAUUSD (Gold in US Dollars) 1/22/19 Quote $1,282
Short-term outlook for XAUUSD is bearish with a target of $1,250 although AUDvantages long-term outlook remains bullish.
UUP 1/22/19 Latest Quote 25.55
Invesco’s US Dollar Index UUP is above $25.25 which is a price that has typically paid sellers since 2015.
Sell target $24.50 for a 4.2% difference.
Outlook duration is 3-9 months.
FXA 1/22/19 Latest Quote $71.36
Invesco’s CurrencyShares Australian Dollar currency index FXA prices are around extremely relevant supports seen in 2008 and 2016.
Buy target $73.00 for a 2.2% difference.
Outlook duration 1-3 months
FXF 1/22/19 Latest Quote $93.46
Invesco’s CurrencyShares Swiss Franc currency index FXF illustrates that the underlying currency is undervalued with price repression.
Buy target $95.00 for a 1.6% difference.
Outlook duration is 1-3 months.
USDCHF 1/22/19 Latest Quote 0.9966
Sell target 0.98 for a 1.6% difference.
NASDAQ 1/22/19 Latest Quote $7,063
The NASDAQ has re-entered a price range where selling during the latest major pullback caused a major correction which could translate to increased share supply. Outlook bearish towards the $5,000-$6,000 range.
Sell target $6,700 for a 5.4% difference.
Outlook duration is 1-4 weeks.
FNMA 1/22/19 Latest Quote $2.87
Fannie May is still in a buying range frequented from 2013 to now despite rallying 258% within the last 30 days. This could translate to increased share demand. FNMA rallies tend to be short-lived.
Buy target $3.9 for a 35.8% difference
Outlook duration is 1-10 weeks.
AUDUSD 1/22/19 Latest Quote 0.7122
Buy target 0.725 for a 1.7% difference.
VIX 1/22/19 Latest Quote $20.64
Buy target $24.00 for a 16.2% difference.
The CBOE Volatility Index (VIX) had its’ first breakout since the NASDAQ bottomed out during the correction at the end of 2018.
EURUSD 1/22/19 Latest Quote 1.1369
Buy target 1.1450 for a 0.7% difference.
VIX CBOE Volatility Index looks like it’s about to charge up while the S&P 500 is up against a massive resistance.
VIX target $22 from current $15.46.
Currency Outlook
1-4 Week - Bearish Japanese Yen, Neutral Great British Pound
2-8 Week - Bullish Australian Dollar and Swiss Franc, Bearish US Dollar