Nonfarm Payrolls (NFP) in the United States increased by 150,000 units in October, as reported by the Bureau of Labor Statistics (BLS) of the United States last Friday. This figure was below market expectations, which anticipated 180,000 new hires. The September increase, initially recorded at 336,000, was subsequently revised downward to 297,000. During the same...
The Canadian dollar is showing little movement on Friday. In the European session, USD/CAD is trading at 1.3740, up 0.03%. The week wraps up with US and Canadian employment reports, which could mean volatility from the Canadian dollar during the North American session. The US releases nonfarm payrolls, which had a massive September and crushed expectations with...
As we can see price has is currently respecting the descending trendline again. I'm expecting the BoE to maintain their hike-pause stance, this result is already baked into the price... I'm placing a small trade on the basis that my expectations will be correct... If there's a pause or reduction (highly unlikely) I'm expecting a fall back to around 1.208 to...
The British pound has posted strong gains on Thursday. In the European session, GBP/USD is trading at 1.2216, up 0.54%. Bank of England pauses The Bank of England voted to maintain interest rates at 5.25% at today's meeting. The pauses follow 14 straight rate increases in the current tightening cycle which began in December 2021. The move indicates that the MPC...
Has the market adopted the term “hawkish pause” to bolster USD bids? It could be possible that, in an attempt to drag out USD strength just a little bit longer (euro has weakened –4.20% in past 6 months), the term Hawkish Pause has been thrown around with not-enough criticism. Not many people have confidence in the US Fed to really make the hard decisions...
We have prospects of a long squeeze setting up at a supply area on the daily chart.
The euro is in negative territory on Wednesday after posting a losing session a day earlier. In the North American session, EUR/USD is trading at 1.0532, down 0.40%. The Federal Reserve makes its interest rate announcement later today and the markets have fully priced in rate pause, which would keep the benchmark rate at 5.25%-5.50%. Although the decision is...
Perhaps this week's turnaround in the DXY correction is in its infancy? DXY index ahead of the Federal Reserve certainly looks poised for further gains in line with the recent break of this week's highs and off today's support in the closing price of yesterday. Fundamentals are aligned bullish also. The risk to the Dollar would be on a dovish interpretation...
So, what's the best way to play FOMC? Probably a strangle. According to last FOMC on 9/20 your NASDAQ:QQQ calls would have printed around +50% or more. Assuming you sold and held your puts, your puts would have given you an extra 200% to 300%. You can do this on any stock obviously. Don't get greedy. Best decision might be to stay out of course. Choosing a...
Preferred direction: SELL Comment: The yen is also likely to strengthen at the moment. Against the backdrop of the Fed meeting and the decision on the interest rate, most likely the currency pair will roll back towards 150, where the fall may already be stopped, but for now it is expected that the instrument will fall a little lower. Thank you for like and...
Gold Price remains in line with the morning thesis but it all now depends on the Fed.
I am leaning bullish on the US dollar from all sides and in this video, I explain why. However, its Fed day, and I'm not going to try and second guess the market. Instead, I prefer to sit on the side lines UNLESS there is a no-brainer 90/10 trade set up. Let's see what we get!
What an insane session for USDJPY! We know the ExMo is low due to the compression we've seen, but even compared to more normalised figure, what we've seen today has broken all expectations. There are two questions going forward. The most immediate is the Dollar news we have scheduled for Nov 1st. Those being ADP at 12:15pm London (due to daylight savings)...
Looking at this pair it's been trading in a descending dynamic channel since mid-July, it makes up nearly 58% of the DXY index and so is in close negative correlation to this index. We can see the on the daily a pinbar followed by a long-wick doji, which could mean reversal, the opposite can be seen in DXY: We can now see a breakout of the channel, and the...
EURUSD struggled to build on yesterday's gains and experienced a decline since the start of Tuesday's Asian session. The surge in the US Dollar index exerted additional pressure on this currency pair, causing it to slip below the critical 1.0600 level. The anticipation of a more stringent stance by the Federal Reserve (Fed), supporting the upward trajectory of US...
The Japanese yen is drifting on Monday after pushing the US dollar back below 150 on Friday. In the European session, USD/JPY is trading at 149.71, up 0.05%. The Bank of Japan holds its two-day meeting beginning on Monday and there's plenty of anticipation around the meeting. BoJ meetings were once dreary affairs that barely made the news, but that has changed in...
💬 Description: Today, the Central Bank of Canada will announce its decision on interest rates. The rate is expected to remain at the same level. Against this background, we continue to adhere to our previous trading idea for USDCAD , namely to look up (look at the chart) . But most likely, there will be volatility during or after the meeting of the Central...
Inverse chart of US10Y Yield to show changes in Bond prices. Overlayed with the following: Fed Funds Rate US Treasury Deposits to Federal Reserve Banks Increase/Decrease Rate of change to Fed Balance Sheet Balance Sheet Total in separate pane below The USCBBS Percentage Change shows the money raining down :-D It's clear to see the relationship between the...