dxy is banded and cyclical. btc is the inverse reflection of this cycle because there are more and more dollars each dxy (fed) cycle. So much so that there are 2 scenarios: 1 where the fed keeps credibility (light blue fed normal in chart) and the cycle keeps being bounded. 2nd is when the fed does loses its credibility (green fed optimal in chart) and the cycle...
SPY is fast approaching the last demand zone, which is 390. If the dollar continues to strengthen, we can see see 390 very fast. Sure enough 390 is going to be a fighting zone between the bulls and the bears. A closure below 390 opens the door for some massive shorting to occur on the SPY. Will J Powell move the markets on Wednesday? Hmmm.....
The Australian dollar has rebounded on Tuesday after a poor start to the week. In the European session, AUD/USD is trading at 0.6737, up 1.28%. What goes down ... can go right back up. This has been the story early this week for the Australian dollar, which tumbled 1.5% on Monday but has recovered most of those losses today. The Australian dollar was hit hard...
GBPUSD H4 - 4R seen following the move we witnessed yesterday from that 1.21 handle, pullbacks towards 1.20500, a nice area of H4 S/R but also corrective exhaustion, hopefully this is the next zone to sell from.
Hello dear traders, I hope you had a nice rest and weekend, currently in a few hours we are starting a new trading week, so let's take a look! BItcoin has been setting the trend for us in the last few months, especially during the Asian session when there were always the highest trading volumes which of course then set the trend. Since last weekends significant...
CME: SOFR Futures ( CME:SR31! ), E-Micro S&P 500 ( CME_MINI:MES1! ) While football fans are fervently following the 2022 World Cup, we analogize the Federal Reserve’s year-long battle with surging inflation to a football match. In this game, the Core CPI had an early advantage over the Fed Funds Rate, at 6.00% vs. 0.25% in January. The Fed mounted decisive...
Potential bounce waiting for us next week, with SPX on decisive point, DXY looks like it might one last run to create lower low. Target: 108-109
Weekly gold analysis 📌 Key points and overview: Technical view, can range between 1730$ and 1764$ Any lower than expectations can be a helping hand for gold to rise, and any US data more than expected can be a downward pressure for downside gold. 📝 Fundamental Analysis: After the sharp rise of gold, last week we saw the correction of gold in the range of 1730...
Higher US yields helped DXY to recover slightly after the cliff fall recently on the news of low¬ish inflation data and FED's NOV minutes hinting slowing down of rate hikes in December and the months to come. We see the dollar weakening further and rejected from the resistance trendline, down the support and the demand zone highlighted. 105.34 was (monthly low...
Current economic and political general dismay impacts the valuation of different fiat currencies, specifically the USD(DXY). This is due to: Lower global trade activity (recession) = lower dollar supply = USD price increase Demand for USD increases for the safe haven currency = USD price increase Worldwide investors' stakes in equities and...
€ - Where To Next? $EUR - BUY THE DIP?! As from my previous posts via trading view can be seen I was very bullish medium term hitting the target areas are currently at. However, lets take a bird eyes view of EUR! EUR currently at key resistance on Monthly - 1.03. Price may decline back towards support areas of 1.02/1.01 areas before heading higher IF we get out...
• Dollar index trend is bearish • Ascending trend line was broken with confirmation, re-tested and trend continued lower • Next target/support is at 105.30 followed by 104.70 • Bearish trend is supported by Fed shifting policy to a less aggressive one
The U.S. dollar, measured by the DXY index, trades lower for a second straight day as the greenback faced severe selling pressure after weak U.S. PMIs and “dovish” FOMC minutes from the last November 2 meeting. At the time of writing, the DXY index trades at the 106.10 area, recording a 1% loss on the day. S&P Global reported the U.S. composite and services PMI...
INTRO The FOMC meeting minutes report will bring volatility to the markets, especially EUR/USD. Investors are waiting for any signs of a slowdown in rate hikes. The yield on the 10-year U.S. Treasury note was at 3.7483%, compared with Tuesday's close of 3.758%. Fundamental Overview Durable Goods Requests returned a value of 1%, compared to an estimate of...
DXY H4 - Full retest seen on this instrument now, hoping we will be able to get off the ground again now and see a little more dollar strength unfold, 110 targets would be healthy on a daily timeframe.
The EUR/USD pair struggled to make a decisive move on Tuesday and ended the day slightly above the 1.0300 mark as a cautious market mood and mixed signals from ECB members kept the euro’s upside limited. At the time of writing, the EUR/USD pair is trading at the 1.0303 zone, 0.6% above its opening price. The euro managed to advance to a daily high of 1.0308...
Yes it seems the EURO is likely headed towards the parity mark and possibly lower shall the demand zone/support marked on the chart break . Well on 4H timeframe it has already broken, however with markets we need extra precaution, therefore the main criteria for this trade to be valid, we need the daily candle to close below the marked level as well. After this...
DXY H8 - The breakout is very much upon us, and we are seeing the likes of GBPUSD, EURUSD and XAUUSD falling quite sharply in line with Dollar corrections. Really hoping for a retest of this 107 support price before continuing much higher. This would offer us additional elements of entry point.