Mischely Gomez

If we are to believe the news media fed to us, there was a drone attack on one of Saudi Arabia’s major refineries presumably by the fabricated scapegoat of the day, Iran. All it takes is a simple implanting of this news with no real effect on the actual global supply to cause the price […]

As you know gold can be a bit volatile and sometimes unpredictable.   But with one ear on the news and both eyes on the charts you will identify critical turning points using our unique method. Read more here https://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2019/09/10/Gold-Prices-May-Bounce-as-Markets-Eye-ECB-Meeting-US-CPI-Data.html

This sounds like good news and we may see the effects on the charts already. China and the United States agreed to hold high-level trade talks in Washington this October and possible new progress could happen at that time to ease the tensions brought on by warring tariffs. Read more here https://www.reuters.com/article/us-usa-trade-china/china-u-s-to-hold-trade-talks-in-october-china-commerce-ministry-idUSKCN1VQ061?feedType=RSS&feedName=topNews

More fear of tariffs keep the stock market in uncertainty regarding the long term direction but so far, nothing is poised to stop the bigger downtrend already in process. Read more here https://www.reuters.com/article/us-global-markets/stocks-slip-on-tariffs-argentina-hit-by-capital-controls-idUSKCN1VM1PJ?feedType=RSS&feedName=topNews

China may feel consequences of the trade war but their natural strategy is likely to be waiting it out and focusing on its own economy which is largely driven by consumers. Read more here https://www.cnbc.com/2019/08/30/chinas-consumption-more-crucial-to-its-economy-than-trade-exports.html

The stock market continues drawing a picture of a downtrend which may be a correction to an uptrend in the ultimate cosmic cycle but for the near term there is no sign of a genuine continuation of the uptrend. Read more here https://www.reuters.com/article/us-usa-stocks/wall-street-dips-as-financials-weigh-trade-hopes-dim-idUSKCN1VH1C4?feedType=RSS&feedName=topNews

With talks about the political turmoil in Italy and other factors explained here, it is possible that the Euro has more movement down yet to come.  

Although some see the post Brexit reality of the U.K.’s Boris Johnson in a negative light, with a slight change of mindset all could be positive for future global relations with the U.S. as well as with Europe. Read more here: https://www.reuters.com/article/us-g7-summit-britain-eu/trump-or-europe-uks-johnson-to-sample-post-brexit-reality-at-g7-summit-idUSKCN1VB0BL?feedType=RSS&feedName=topNews

Both Japan and the U.S. understand the importance of having a mutually beneficial trade deal and apparently are ready to meet early in hopes of making a deal. Read more here: https://www.reuters.com/article/us-usa-japan-trade/japan-u-s-ministers-meet-for-trade-talks-as-hopes-for-early-deal-fade-idUSKCN1VB0BY?feedType=RSS&feedName=topNews

J.P Morgan estimates the cost per household will be the latest round of tariffs from Trump in the ongoing U.S. China Trade dispute. https://www.cnbc.com/2019/08/19/heres-what-new-tariffs-will-cost-an-average-american-household.html