EVN Charts, page-40

outside evn earning what things could improve sentiment with this stock in your view?

I post this on gold forum but I deleted because I don't want to throw my food to doggies.

I like "it requires confirmation" to break the resistance. It’s where the mass come to play.

Actually the resistance had attempted to break twice, GDP and Sales figures.
But central bankers still stick to previous 2 months data.

https://www.google.com.au/amp/s/www...ocus-tofMB.html/amp?client=ms-android-samsung

I have been following the power of US consumers spending for 6 months and I guarantee It's the bottom lever and the only one that could change the inflation outlook in the US but but and but the sales figures dissappointed me following the GDP.

I would say the resistance would break if I hear softer tonnes from the committees in this comming week.

1. I look at US overnight repo rate. It's attracting a lot of inflows due to this quater end, September.
Fund managers are reallocating their holdings in light of overpriced 3 major indexs in the US.

2. The Fed Fund Rate has spiked from 0.25% to 0.60%-0.07% observed from other place in US states.

Yellen has tried to prop up the FFR in order to lift her benchmark interest rate which is at 0.50%. She is now the most bearish on future rate rises because economic data won't stack up as wishes.

So why the FFR has been rising unexpectedly?
US bankers have tried to lift borrowing costs since the Brexit.
They rise costs because the attractiveness of US Treasuries T bonds. They rise costs because of bad corporate debts seeking to renew their debt facilities. They rise costs to survive.

They are doing the same as Aussie bankers because they know cheap credits are hear to come but borrowers must pay more to insure the business won't face another cyclical downturn.

Even though Yellen is not considering to lift rate in a short time frame but she is actually succeeded to deliver her course for "gradual" interest rate normalization.

US banks could prove they're liquid enough to withstand any economy effects from Europe and across the globe.

That's the reason why I couldn't see any merger deals across asx listed companies albeit the yield for 10y treasury is at all time low which is good enough to encourage corporates to borrow.

So what's happening? It's a worry for me especially the South China Sea dispute which could halt 5b worth of trades that could potentially trigger another GFC2.