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Tesla – TSLA
Tesla finishing this week perfectly positioned for….both ways.
220.00 on the down side and 270.00 on the upper side.
So what’s gonna be??
Usually in similar situations we can see break of both sides, and most of the time first break is the real deal but is followed by opposite move and break, just to continue in the direction of that first move.
So kind of a “play on the third ball” game.
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Gold price forecasts raised as rally continues
UBS and Commerzbank raised their gold price forecasts on Friday, joining other investment banks as investors drive the safe-haven metal to record highs amid the economic uncertainty sparked by U.S. President Donald Trump’s trade policies.Gold prices breached $3,200 an ounce for the first time on Friday. Prices are up more than 22% so far this year.
“We expect gold’s rally to extend into next year and for prices to stabilise at higher levels further out,” UBS analysts said in a note, forecasting prices will hit $3,500/oz this year.
Commerzbank also raised its gold price forecast for the end of this year to $3,000, from $2,850, noting that assets under management in gold exchange-traded funds were a record $345.5 billion at the end of March.
Central bank gold buying has also been a factor in the price surge this year.
Top gold consumer China’s gold reserves stood at 73.7 million fine troy ounces at the end of March, up from 73.61 million ounces at the end of February, as the central bank bought the precious metal for a fifth straight month.
Earlier this week, Deutsche Bank raised its average gold price forecasts for 2025 and 2026 to $3,139 and $3,700 per ounce respectively.
The following is a list of the latest forecasts for 2025 and 2026 gold prices (in $ per ounce):
US OPEN
DXY slumps & havens lifted after China raises tariffs on US goods to 125%
Good morning USA traders, hope your day is off to a great start! Here are the top 6 things you need to know for today’s market.
6 Things You Need to Know
China unveils additional tariff measures on US goods; to raise additional tariffs on US goods to 125% from 84%. Effective April 12th.
China’s Finance Ministry says “if the US continues to impose additional tariffs on Chinese goods exported to the US, China will ignore it”.
European indices hit after China raises tariffs; US futures modestly lower into bank earnings.
DXY slumps to a 99.01 low after China increases tariffs on the US; EUR outperforms.
Bonds lifted by China’s latest retaliation but remain on track to end the week with significant losses.
Base metals underpinned by hopes of Chinese stimulus.
Using my platform as a HEATMAP shows
…the dollar getting smashed across-the-board , led by the EUR, as the trade war with China heats up… main laggard is the AUDUSD… EURUSD
looma, should be toughUS bond yields remain elevated while stocks are down…as noted higher bond yields and falling stocks are a bad combination for a currency (e.g. selling of dollar assets)
Gold continued to move highernew record, surging past 3200
Looking ahead: US PPI, U of M consumer sentiment
Watch inflation expectation in U of M consumer sentiment
U of M consumer sentiment
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