The Fed's uncertainty is providing momentum for the dollar's sell-off, however and interest hike is still not off the tables and this will push the dollar higher to ultimately test its yearly high of 12,306
AUDJPY Daily – Since late November 2015, AUDJPY has been trading within a downwards channel. As we head towards the final quarter of 2016, investors will be focussing on the decisions of the Reserve Bank of Australia and the Bank of Japan who could both cut rates even further. Earlier this week, the RBA chose to keep rates unchanged but low inflation rates and a...
USDJPY has been in a bearish channel since the start of 2016. Now finding itself with a tightening of the channel due to a strong level of support from the 100.000 price level. If the bearish momentum continues there could be a breakout under the 100.000 price level. If 100.000 continues to act as strong support, there could be a potential bullish breakout....
Looks like a lot of traders are going to get hacked to bits between the potential range of $1290 to $1325 because the Fed is doing what it does best, fear mongering about a rate hike. This is only helping the Fed play the longs into their hand by forcing them to give up their positions in gold. A close under $1308 after Friday’s Non Farm numbers will increase...
Related to the reflation theme described in my view "Crude Oil: The Most Important Chart in the World". This trade relates to a steepening of the US yield curve as rates adjust upwards through either rising inflation or a pickup in US growth (or both) having been driven to a record low in June. BKX Index (candles) BKX / SPX (blue) US10Y (grey) What is...
Possible hit to wear Feds may Push rates? Trade wisely the week !
Due to NFP numbers, I am updating the gold's movement projection. 1200 remains a strong support at this moment, while target should be around 1373 to 1463 in the following months, maybe at the end of the year. As soon as the Fed subscribes to a dovish stance, this could easily sky rocket to 1300. BrExit may also be a factor in this flight towards 1400 levels.
Underlying effect of BREXIT and No IR Hike by fed. will multiply the bounces. TG1: 1333 TG2: 1353 TG3: 1385
AUDUSD Short and Long Setups. Yellen speaking tonight might mess up all these trades lol Good luck
AUDUSD Short and long setups. Yellen speaking tonight might mess up all these trades lol Good luck!
The U.S. dollar went bid following rhetoric from Federal Reserve officials that a potential rate hike could occur in June, following hotter than expected inflation data. However, after posting on pending technical weakness here, the dollar has retreated slightly over the last few days. Price action as traded neatly within a descending channel on the daily chart,...
The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy...
Gold is testing lower levels of support as market participants aim to price in a potential rate hike in June by the Federal Reserve. While intraday price action is oversold, the daily chart is indicating further selling could continue to below $1,230. If a close below this key level occurs, traders can expect XAUUSD to reach $1,215. Subscribers of MacroView's...
I am long in USDJPY in the view of FED Possible Interest Rate hike in June/July and G7 Countries Meeting in the Japan. And rumour of possible Japanese intervention in the Currency market.
Brexit Vote & Fed's June Meeting. Possible scenario is Fed don't vote to hike rates and are dovish about June's meeting and Brexit Vote is to stay in EU.
There is downside risk for the euro as price action for EURUSD failed to close above 1.1342, essentially creating an asymmetric double top with the fizzled mid-February rally. The pair looks to fade back to the 200-day EMA near 1.1108. The rally in the dollar following its steep declines last week could cause a more pronounced slide as long as the DXY remains...
A series of events took place causing me sit back and contemplate market participants (in)sanity. First, it is known that I've was one of the first to stick my neck out and tell it how it is – the U.S. Is facing a recession in 2016 – last April. Soon after, various investment banks flirted with the potential but gave the very realistic situation very low...
A few notes about this chart. The orange line is the unemployment rate. Black resistance lines are at the top. 1. There seems to be two drops of the unemployment rate before the market falls. This could be due to expectations in interest rate increases. 2. Assuming the unemployment rate falls another two times, the market will drop off sometime in...