Technical Analysis and Outlook:
The Euro Dollar, intermediate uptrend price action, is stalled at the weak Mean Res marked 1.1648; the second Key Res 1.1740 is high merit and significant sell point. On the downside, there is a Mean Sup 1.1595 while the important Key Sup 1.1530 is sitting below.
After the Central Bank of Turkey reduced the policy rate from 18 percent to 16 percent, #USDTRY are reaching D leg of crab formation. Politicians are not still showing any support to TL. Therefore 2nd target level 11,25 is not far away.
Technical Analysis and Outlook:
The Euro Dollar bearish downtrend price action continues to our Inner #2 Currency Dip $1.1498 target. Formation of Mean Res $1.1619 and sell trade is confirmed - The near-term currency trend sentiment remains very negative. Trade accordingly/appropriate to your risk strategy.
I'd like to see something like this unfold on AU, as mentioned in the technical rundown, dollar gained some nice strength off the back of the figures seen yesterday across retail sales and labour data. We saw a DXY upside break, breaking 92.800.
AUDUSD respective support saw a downside breakout just like NZDUSD, retest has been seen, just looking for...
As mentioned in the technical rundown, this was yesterdays trade of the day, I managed to bank 1.5R on this after pushing circa 2.2R profit. Couldn't optimise the close, but caught the biggest and fastest chunk which I was happy with.
GBP inflation data out this morning showing positive signs and outperforming analyst expectations. GBP positive, but...
The ECB’s decision.
The European Central Bank (ECB) held its interest rates unchanged during their monetary policy meeting yesterday.
Main Refinancing Operations Rate: 0.00%
Marginal Lending Facility Rate: 0.25%
Deposit Facility Rate: -0.50%
The size of its quantitative easing (QE) programmes remains unchanged as well.
Asset Purchase Programme (APP):...
Welcome to this analysis about CENTRAL BANK , we are looking at daily timeframe perspectives. CENTRAL BANK in recent times heavily decreased with bearishness however it now moved into an oversold condition. CENTRAL BANK is developing here that will be a decisive factor in the upcoming times. I discovered the main formation CENTRAL BANK is developing here...
The last-minute decision.
During their monetary policy meeting earlier today, the Reserve Bank of New Zealand (RBNZ) carried out a last-minute change in decision, holding its overnight cash rate unchanged at 0.25%.
New COVID case in six months thwarted RBNZ’s rate hike plan.
Just yesterday, the first local COVID case was reported in New Zealand in six months....
Recently bloodbath for these ***YEN pairs, but we can simply follow our trading zones and see where we start to exhaust and trade the corrective move up to the previous zone.
AUDJPY looking very similar to GBPJPY. Using 80.00 psychologically number and previous low as support.
Three days ago, the Reserve Bank of Australia (RBA) delivered a little surprise when it decided to stick with its quantitative easing (QE) plan announced back in July despite the recent spike in COVID cases in Australia. (Refer to my post "RBA Sticks With QE Tapering Plan (04 August 2021)" on RBA monetary policy) Details on why the central bank decides to...
The BoE’s decision.
As widely expected, the Bank of England (BoE) carried out no change to its monetary policy during its meeting yesterday. Interest rate remains at 0.10% with all eight voting committee members voting for no change. Quantitative easing (QE) remains at £895 billion in total. Michael Saunders, one of the hawks of BoE, voted for a reduction in...
Just a couple of days before the release of the long-awaited U.S. nonfarm jobs report, several Federal Reserve committee members expressed their hawkish views on an QE tapering.
Fed Vice Chairman sees QE tapering to start this year.
During his speech at the Peterson Institute for International Economics yesterday, Fed Vice Chairman Richard Clarida said that...
The RBA’s decision.
During their monetary policy meeting yesterday, the Reserve Bank of Australia (RBA) kept its monetary policy unchanged, holding interest rate at 0.10% and quantitative easing (QE) at a rate of A$5 billion per week.
A little surprise.
With the recent spike in COVID cases in Australia due to the highly contagious Delta variant, the market was...
Ethereum has been straight running lately, and we have wonderful fundamentals underway with the heavily anticipated upgrade coming very soon.
It is worth advising that there is clearly risk of a "sell the rumor, buy the news" event taking place that upon realizing the upgrade we will see those that had accumulated risk off into further strength.
While this is a...
The Fed’s decision.
The U.S. Federal Reserve delivered no surprise during their monetary policy meeting earlier today as widely expected. The Federal Funds Rate was held unchanged at the target range of 0-0.25% while quantitative easing remains at $120 billion per month ($80 billion of Treasury securities and $40 billion of agency mortgage-backed securities).
New monetary policy strategy.
Earlier this month, the European Central Bank (ECB) reconvened its policy review that was postponed since last year due to the COVID-19 pandemic. During the review, the central bank revised its current goal of achieving an inflation level of “below, but close to 2%” to the new goal of achieving 2% inflation with overshoots allowed....
Gold is showing us a really nice looking monthly inverted head and shoulders pattern which target would bring it to new all time highs
Check out my Inverted head and shoulders analysis on Ethereum back in 2020 november which did hit the targets