Gold mid-term swing idea we are currently looking at.
The Two setups provided are to account for the recent fundamental activity which caused havoc on the global markets as risk on mode ushered investors into buying #Gold (#XAU ), and other assets like #JPY as an example.
Markets have priced in a possible risk scenario where $CS (Credit Suisse) one of the G-Sibs files for bankruptcy.
This event has a high impact on the markets due to the significance of Credit Suisse.
Today 15th March 2023 the Saudi National Bank have announced that they won't be able to support Credit Suisse further. As the bank itself has low deposits due to depositors rushing to withdraw their money the bank is on the brink of bankruptcy.
At the time of writing this post, the Swiss Government is in talks with Credit Suisse discussing a possible bail-out.
The current interest rate hikes have pushed many banks close to or over bankruptcy and due to the Fractional Reserve banking the banks have very low liquidity if any at all on their hands to cover a liquidity crunch. For example depositors en-masse run to the bank to withdraw their funds.
To learn more and keep informed about Global Economics, follow our TradingView, and don't hesitate to message us!
Join Us today to stay ahead!
Any questions?
Don't hesitate to reach out to us! We are here for you!
If you'd like to reach out to the Founder personally you can! By finding him on TradingView: im_MrTony_
Thank you for your time and contribution to this post! If you'd like to see more don't forget to leave your ideas in the comment section and boost/like our post!
The Two setups provided are to account for the recent fundamental activity which caused havoc on the global markets as risk on mode ushered investors into buying #Gold (#XAU ), and other assets like #JPY as an example.
Markets have priced in a possible risk scenario where $CS (Credit Suisse) one of the G-Sibs files for bankruptcy.
This event has a high impact on the markets due to the significance of Credit Suisse.
Today 15th March 2023 the Saudi National Bank have announced that they won't be able to support Credit Suisse further. As the bank itself has low deposits due to depositors rushing to withdraw their money the bank is on the brink of bankruptcy.
At the time of writing this post, the Swiss Government is in talks with Credit Suisse discussing a possible bail-out.
The current interest rate hikes have pushed many banks close to or over bankruptcy and due to the Fractional Reserve banking the banks have very low liquidity if any at all on their hands to cover a liquidity crunch. For example depositors en-masse run to the bank to withdraw their funds.
To learn more and keep informed about Global Economics, follow our TradingView, and don't hesitate to message us!
Join Us today to stay ahead!
Any questions?
Don't hesitate to reach out to us! We are here for you!
If you'd like to reach out to the Founder personally you can! By finding him on TradingView: im_MrTony_
Thank you for your time and contribution to this post! If you'd like to see more don't forget to leave your ideas in the comment section and boost/like our post!
