Are there any opportunities left?
I love talking about markets with Jarratt Davis because we have the same fundamental bent. In this video, he talks about the big opportunity in the change in the global economy and the market this year.
Good day traders! S&P500 is nicely trading higher, unfolding a clear, impulsive five-wave movement into red sub-wave v) of one higher degree wave five. Upside and resistance for the current recovery can be seen around the 2823/2835 region, where Fibonacci projection targets can project the end of red sub-wave v) of five. There, a new […]
USDJPY – Down Technical observation Previously while on an upward trend, USD traded above a key support zone (111.70-111.46)price retraced to the zone twice then broke below it on 22.11.2017 with a big red candle but was not contained resulting to another break out above the zone, it then traded above it before breaking below the zone again on 10th of January this year, currently price is rallying towards the zone and I expect a strong rejection at it to short USD with my take profit at 110.23 and even further below towards 107.79 if price breaks below the line 110.23,the key lines to look for on this chart include 110.23 and 107.79. Technical levels Resistance levels R1.111.56 R2.111.83 R3.112.58 Pivot 111.09 Support levels S1.110.81 S2.110.33 S3.109.58 Trade signal Sell USD within (111.70-111.46) with your take profit at 110.23 and stop loss slightly above111.70 You may check other analytical reviews on FreshForex website. Source: freshforex.com. https://freshforex.com/analitics/fresh-forecast/technical-analysis-based-on-breakout/issue_126974.html?utm_source=rssfeed&utm_medium=rss&utm_campaign=rssnews&ff_mrk=rss&aff=64063
Contradiction has become the norm for US foreign policy over the past many years – an observation that is clear to anyone even remotely paying attention.
On Tuesday the US State Department spokesperson was asked during the daily press briefing about the obvious contradiction inherent in US ally and NATO member Turkey shelling US-backed Kurdish forces in Afrin – the Kurdish held zone in northwest Syria near the Turkish border.
Thus far US military officials have sought to distance themselves from YPG (Kurdish People’s Protection Units) operations in Afrin while simultaneously promising to ramp up support for the Kurdish YPG-dominated Syrian Democratic Forces (SDF) throughout the rest of Northern Syria. US Coalition spokesman Col. Ryan Dillon said Tuesday of the Syrian Kurds in Afrin, “We don’t support them, we have nothing to do with them” – in what was a clear case of the Pentagon trying to dance around the issue with old-fashioned double speak, pretending as if the Syrian Kurds themselves don’t see “Rojava” Kurds as a single entity.
As a Pentagon spokesman recently told Defense One: “The Coalition is working jointly with the Syrian Democratic Forces (SDF) to establish and train the new Syrian Border Security Force (BSF). Currently, there are approximately 230 individuals training in the BSF’s inaugural class, with the goal of a final force size of approximately 30,000.”
Turkey’s President Recep Tayyip Erdoğan said of the new US-backed Border Security Force, which obviously is to be heavily Kurdish in composition, that it is akin to the US hosting a “terror army” along Turkey’s border. Erdoğan has vowed “to strangle it before it’s even born.”
Watch as Heather Nauert fumbles through a response to an excellent and obvious question: What is the US position as its NATO ally is shelling its number one ally in the fight against ISIS in Syria?…
I went to the @StateDept yesterday and asked about the contradiction of the US building a mostly-Kurdish Border Force on the Syrian border even as its NATO ally Turkey threatens to “strangle” it “before it’s even born.” pic.twitter.com/142zCabXF5
QUESTION: The Turkish military began shelling Kurdish positions in Afrin province in northern Syria. What is the U.S. position as its NATO ally is shelling the – its number one ally in the fight against ISIS in Syria?
MS NAUERT: Okay. I’m afraid I don’t have anything for you on that.
QUESTION: Can NATO–
QUESTION: Can we move on, please?
MS NAUERT: Okay. Sir?
QUESTION: So you – wait, so you are saying – does–
MS NAUERT: I don’t have a specific report on whether or not we can confirm that that has taken place. Okay.
QUESTION: Okay. Well, along the same lines, there’s also been the announcement of a border force consisting primarily of Kurdish militias allied with the U.S. and the SDF along the Syrian-Turkish border, and President Erdogan called it a terror army and said he would strangle it before it’s born. So this is another place where there’s kind of a contradiction between two U.S. allies.
MS NAUERT: Yeah.
QUESTION: So I’m just wondering if the U.S. has a position on this.
MS NAUERT: Well, Turkey is a very important and valued NATO ally. We have a lot of interactions with the Turkish Government. As you probably know, the foreign minister of Turkey is in Vancouver right now, where I believe he will be meeting or have some sort of a chat with Secretary Tillerson, or at least some of our representatives later today. So an important NATO ally.
In terms of what is going on in Syria, the United States is in Syria to defeat ISIS. Any activities that we take part in with regard to the Syrian Democratic Forces is something that’s internal only – internal only to Syria. And I say that because it is important that we defeat ISIS, that we make sure – and when I say “we,” I say that not just on behalf of the United States, but the entire coalition, the 72 or 73-member coalition – the importance of not letting ISIS take root the way that they had before and further destabilize that country. So that -what the United States is involved with with regard to the Syrian Democratic Forces or the SDF is that, to defeat ISIS. That is solely what it is for. The internal purpose is of defeating ISIS.
QUESTION: But if Turkey does indeed attack the border force, what will the U.S. do?
MS NAUERT: I’m not going to get into any kind of hypothetical like that. Okay? Thank you.
Someone should inform the State Department that this “hypothetical” is already fast becoming the new reality on the ground. But such a blatant contradiction in which a US-backed force attacks another US-backed force is nothing new in Syria, yet no less outrageous as when it began happening years ago in the Syrian conflict.
Rizkallah and a number of other parliament members will visit Italy to campaign for Al-Sisi among the Egyptian community there.
She also said that she completed a number of “successful” visits to Kuwait, the United Arab Emirates and a number of other countries, adding that Sisi’s “achievements speak for themselves”.
“When we meet Egyptians in foreign countries we find them avid followers of the president’s activities and achievements”, Rizkallah said, adding that these visits are the least they can do for the president in return for what he has done for Egypt.
For centuries, gold has been an important resource. Yet, gold has also been a major source of mystery. Is it a currency? Is it a commodity?
Gold has been an important resource for centuries. It has been found in caves dating back to 30,000BC. The first evidence of human interaction between gold and humans can be traced to ancient Egypt. It has been found in ancient tombs and Pharaohs loved to use gold in their temples and castles.
Yet, the mystery of gold still remains.
Unlike other metals like palladium and silver that have large industrial use, gold has very limited applications. The mined gold is only used in jewellery, ornaments, and trophies with the rest being used as a store of value.
Central banks like the Fed and ECB hoard gold in large depositories. In the United States, Fort Knox holds the largest gold reserves which are worth more than $100 billion.
In his book, The New Case for Gold, James Rickards makes the case that gold is an insurance against risk. To a large extent, he is right. As shown below, gold tends to go up when the dollar falls. This happens as investors move to gold which they consider a safe haven.
This year, gold has been on a bull run which started in December after the Fed raised interest rates. Gold futures have gone up from a low of $1236 to a high of $1344. During the same time, dollar has fallen to a three-month low.
The most likely scenario is where gold may continue to go up as investors search for a hedge against inflation. Therefore, futures may potentially fall to about $1320, which is a 23.6% retracement, which may indicate towards the bullish side of the market.
The alternative scenario is where inflation fails to pick up because of the high energy prices. As such, gold may retrace to the important support level of $1297.
Pope Francis has urged that the identity of Jerusalem be preserved as a city of peace so as to give way to a future of reconciliation and hope for the entire region.
This came in a message sent by the pontiff to the international conference on Jerusalem, held in Cairo under the auspices of Al-Azhar, which is considered the highest Sunni authority on Islam. The message was read out at the conference by Egyptian Catholic priest Yoannis Lahzi.
This is the only hope for those who consider themselves believers, those who do not stop praying for a future of brotherhood for all, he added in his message.
The pontiff will not stop praying for peace, and he prays that all those who head civil and religious bodies across the world work towards avoiding tension, the message read.
Pope Francis also called for the resumption of dialogue between Palestinians and Israelis to find a solution that creates peaceful coexistence for two states with mutually agreed and internationally recognised borders. He also called for respecting the special nature of the city of Jerusalem, the value of which transcends negotiations over land.
Former US Special Envoy for Israeli-Palestinian negotiations Martin Indyk has taken to Twitter to announce that US President Donald Trump is no longer following the Saudi/UAE script on Qatar.
Trump is no longer following the Saudi/UAE script on Qatar. Probably because the Qs are now cooperating on terrorism and showing willingness to negotiate the dispute. Whatever the reason, even Trump’s best friends can’t rely on him. https://t.co/vCoshOaxGO
Indyk explained that this may be because Qatar is now cooperating regarding the fight against terrorism and is willing to discuss the conflict between Doha and the countries that imposed the blockade on it.
Two days ago, in a telephone conversation with the Emir of Qatar Sheikh Tamim bin Hamad Al-Thani, Trump expressed his gratitude for the Qatari efforts to combat terrorism and extremism in all its forms, including the fact that Qatar is one of the few countries to have moved forward to sign a bilateral memorandum of understanding with the United States.
The White House said in a statement that in his call Trump reiterated his support for a strong and united Gulf Cooperation Council which would focus on addressing regional threats.
The US President and the Emir agreed that Washington and Doha could participate in their resolution to bring greater stability to the region.
Earlier, Qatar News Agency reported that Trump had discussed with the Emir of Qatar strengthening bilateral relations between Washington and Doha in the fields of security and economy.
The Tunisian political party, Al-Irada Movement, has condemned the campaign of arrests that took place in the past few days of several bloggers, activists and young people who participated in peaceful protests in a number of Tunisian provinces.
Al-Irada Movement, led by former Tunisian President Moncef Marzouki, explained in a statement yesterday that the arrests affected a number of bloggers in the cities of El-Hamma, Korba, Takelsa, Sened, Sidi Bouzid, Goubellat, the capital Tunis and others.
The statement pointed out that “the arrests were accompanied by a campaign of incitement against the opposition and against the social movement by the head of government and a number of its members, political leaders of the ruling coalition and the media outlets that are loyal to them”, adding that the campaign of incitement included foreign journalists which suggested the revival of the official propaganda institution which was present during the time of tyranny.
According to the statement, signed by the party’s Secretary General Imed Daïmi, these events indicate “the ruling regime’s instability and the will to exaggerate things by targeting the freedom of demonstration, the freedom of expression and the rights of the opposition, and through seeking to distort the popular movement and linking it to subversion so as to abandon its responsibilities to find solutions to lift the country out of the deepening economic and social crisis”.
Al-Irada Movement want a serious investigation into the burning of the local headquarters of the Popular Front in El-Aroussa, Siliana province, to quickly expose the perpetrators and bring them to justice, and to stop pursuing political activists, bloggers and actors in the popular movement.
The party held the ruling regime responsible for stopping abuses, protecting freedom of demonstration and maintaining security, and called on all “members of the political and social spectrum to address serious deviations that may threaten the democratic process”, according to the text of the statement.
At the beginning of this year there were a number of protests in Tunisia. Several private and public institutions were looted and set fire to in protests against the 2018 budget, which resulted in the increase of prices of a number of basic goods.