NZDCAD – trade opportunity

NZDUSD – the pair doing a test of the 50 SMA and the trendline support of the last upward movement. Levels around 0.597 – 0.601 are a strong support area. If the daily bar closes above these levels – this… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

US futures fall again by 5%, another day with reached limit level

Two limit down days in a week is definitely not a good sign and with the bears having just introduced there self yesterday, it looks like more pain is set to come. European equities are now nearing 7% losses on the day with Treasury yields staying pressured too. 10-year yields are now down by 16 […]

Iran asks IMF for $5 billion to assist with coronavirus efforts

Iran is the first country asking the IMF for assistance on the virus crisis. Is this considered a bailout? The situation faced by many countries around the globe is quite unprecedented and it is not like any particular country has to restructure its policies or programs as this is mainly a health issue. It seems […]

Crude Oil: “Please mind the gap”

Oil is declining again today. Oil market capitulation has emerged due to a number of conspiracy factors. First, the collapse in OPEC’s negotiations with Russia and its reluctance to agree to a reduction in oil production. Second, the effective declaration… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]

China: M2 money supply, February +8.8% vs +8.5% y/y expected

Chinese credit market data for January: Prior +8.4% New yuan loans ¥905.7 bn vs ¥1,120.0 bn expected Aggregate financing ¥855.4 bn vs ¥1,585.5 bn expected Money supply growth expands to its highest since February 2018 as China looks to loosen the reigns a little in order to spur domestic consumption and business investments amid the coronavirus outbreak in the country.

Adding GOLD to our portfolios

In a day where the S&P 500 is falling sharply at the time this was written and was reversing the majority of Monday’s record setting gains, there still is one sliver of the market that is actually managing to rally:… You need ・Varchev Trading Club・ membership subscription to enter this page. (19.90€ / monthly; 199€ […]