We have a wicks to fill. One is at 1.06174. The Other wick is the Previous weekly candle low at 1.06120. We have momentum so most likely we will touch these prices at some point. We are trading 2 hours before news here. Ultimate target on week on 1.055. Additionally, I think FOMC will help provide a catalyst to take us lower. We may pullback hard first, for...
The Australian dollar has rebounded on Thursday, after a 2-day slide in which AUD/USD lost 100 points. In European trade, AUD/USD is trading at 0.6830, up 0.37%. On Wednesday, the Australian dollar fell to 0.6794, its lowest level since Jan. 6. Australia's private capital expenditure jumped 2.2% q/q in Q4 2022, rebounding from 0.6% in Q3 and above the estimate of...
We have learned that almost all US Federal Reserve officials backed a 25-basis-points rate hike at the last FOMC meeting held on January 31 to February 1. Only a few officials favored a larger 50-basis-points hike at the meeting or said they "could have supported" it. Even so, many more dovish sentences were spoken in the latest meeting than compared to the...
Good Morning everyone, As we expect the dollar is gaining some power during this weeks, and the previous meetings is being bullish for the usd currencies. In that matter we expect the same to happen today at 01:00pm. this trade is expected 1/1 risk reward. That's my personal opinion for today
Inflation has not been eliminated yet in the US, the Economy is good which indicates the interest rates hikes will not stop yet. which we want to confirm today with Fomc. in today's trading session we are monitoring DXY for a buying opportunity around 104 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Good afternoon gold gang! hope you're well. Wow, not much movement again today waiting for the FOMC minutes to come out. Gold price is hugging my middle level there perfectly tapping into it continuously. This normally happens before a news event and is usually quite a big move coming from it, so lets see!! I have my targets above and below .. we might even...
The main event for today is actually the release of the FOMC minutes tonight at 19:00 GMT – for which we have gold in focus. The rise of US yields and increased expectations of a 50bp March hike mean the minutes have become of greater importance. As traders had assumed a 25bp February hike was practically a given, it could come as a surprise if we learn that the...
It may have taken a few weeks, but markets are finally pricing in what we argued all along; a higher terminal rate and no cuts this year. If you cast your mind back to the Fed’s recent 25bp hike, it is fair to say the Fed were not impressed with the market’s original response. Fed fund futures not only lowered the terminal rate to 5% but even began pricing in...
Most of the FOMC focus is on the rate announcement and press conference, but I found the minutes actually make better pivots. It's especially clear on the weekly chart. I expect this one to be bear, but will roll with it either way. Which way do you see it?
Last Friday EURUSD reached 1,0611 and pullback from the level. The rise may continue to 1,0730, where we will be looking for sell opportunities again. An entry is made only after pullback from the zone. The target is test and breakout of the last week’s low. The scenario breaks down on moving above 1,0805.
I've mapped XAUUSD (top) against DXY (bottom) to clearly show the almost perfect negative correlation. DXY is more extreme in it's movements, as highlighted in the recent candles. I'm expecting further strength for DXY this week, especially as FOMC speakers are all hawkish and the market is expecting a 0.5% rate hike. If this is correct then Gold will have no...
With public holiday's in both USA and Canada tomorrow, I expect a quiet start to the week for this pair. On Tuesday it's Canada CPI which has been falling. Bank of Canada have just paused its rate rises as it expects inflation to come down to around 3% by mid-year and 2% in 2024, so if inflation continues to fall this should be negative for the CAD. On the...
Hello traders, It looks like we can finally see a shift in the BTCUSD orderflow, we was delivering bearish for the past couple of months and now we can see accumolation put in motion. At probability stand poin we have higher chances of seeing price of BTCUSD continue pushing forward as long as the price is showing us this.
XAUUSD H4 - Solid bounce from the analysis yesterday in the end, position is looking healthy, but as always, to continue to trend and theme, we need to be breaking previous highs, and setting fresh higher lows. Lets see what happens this morning and throughout the course of the overlap with the data possibly catalysing this move forward.
FOMC's Williams speech did not do much, as he was echoing what Jerome Powell already said 2 days ago. Rate hikes to resume, but at slower pace. Williams mentioned that inflation rate in the US should cool off to 3% this year, now at 6.5%. That's 50% lower. Question is, how much more rate hike is required to push inflation down by 50%? Will that be somehow somewhat...
Intraday Analysis - ( 9 FEB 2023 ) Price still trading in a range, range plays are always valid however will be looking for break outs in days to come. HRHR sells 1902 / 1897 regions MRMR sells breaking back below 1876 Safest sells below 1860 A break of 1860s, will be targeting minimally 1830s giving us a solid 300+ pips with 1845 as a first target. Scalp...
After reaching the bottom of the ascending channel, the dollar index has started moving upwards. Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What...
After testing the price ceiling and inability to break the ceiling, it will enter the downward trend and move towards the bottom of the sideway range. Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do...