AUDUSD holding below long term descending trendline resistance. A short term drop below graphical overlap resistance where we also have 78.6% Fibonacci retracement could be possible. Sellers may look to short around the 0.73228 region with possible downside target at our take profit level of 0.72223. Stochastics is testing resistance...

USDCAD holding above ascending trendline support. It is possible to look for an entry around the 1.25809 region where we have 78.6% FIbonacci retracement and graphical overlap support level with a potential target at the recent swing high and take profit at 1.27216. Stochastic is approaching support where price bounced...

Price is retesting the trendline breakout at our pivot level at 109.730 which is in line with 61.8% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline support. Price could potentially swing towards resistance at 110.44, which is in line with 78.6% Fibonacci retracement level and 100% Fibonacci extension level....

Price is reacting below our pivot level at 0.70080 which is in line with 78.6% Fibonacci retracement level and 61.8% Fibonacci extension level. Price could potentially drop to support at 0.69380 which coincides with 38.2% Fibonacci retracement level and 61.8% Fibonacci extension level. Stochastic is also at resistance level where...

Price is reaction insde our pivot level at 1,816.07 which is in line with -27.2% Fibonacci retracement level, 61.8% Fibonacci extension level and trendline resistance. Price could potentially drop towards support at 1,800 which is in-line with 23.6% Fibonacci retracement level, 78.6% Fibonacci extension level and ascending trendline support. RSI...

Today we look at the speech by Fed Chair Powell at the Jackson Hole symposium on Friday, at which he waxed about as dovish as was humanly possible in laying out the case that inflation will prove transitory. We challenge that notion and question whether the market reaction on the...

Last night's first TV debate between the three lead candidates (Spitzenkandidaten, in German) have confirmed the current momentum in German election campaign. The SPD is on the rise, overtaking the Greens in most polls, while the CDU/CSU continues its fall from grace. The race is more open than ever. We...

Markets closed last week on a high note after US Federal Reserve Chair Powell firmly stated the case that the recent bout of high inflation will prove transitory, indicating no rush to begin tapering asset purchases, though he agreed with the majority of Fed members who favour starting a tapering...

Macro Dragon = Cross-Asset Quasi-Daily Views that could cover anything from tactical positioning, to long-term thematic investments, key events & inflection points in the markets, all with the objective of consistent wealth creation overtime. (These are solely the views & opinions of KVP, & do not constitute any trade or...