Last 3 times VIX was under 22 during FOMC minutes, it was near major tops. Looks like another one confirming to me.
USDJPY was the first one that turned up/ JPY down back in Dec 2020, others followed later. Now, we have USDJPY first pair with clear five down breaking the trendline support. This is also based on recent turn down on US yields. We will see what Powell will deliever today. They may want higher USD, to help bring down the inflation, but any recovery on USDJPY will...
Today, the market is not following a particular trend and is waiting for the announcement of the ADP Non-Farm Employment Change and JOLTS Job Openings statistics, and after that the speech of Mr. Powell (Federal Reserve Chairman)! Anyway, I have specified the important levels of supply and demand on the chart. Personally, I will wait for Point of Interest (POI)...
2 scenarios that can play out this week, preparing for the month of December to end off the year. Scenario 1 - Fed chair Jerome Powell gives a very hawkish stance during the FOMC meeting on Thursday 2am sgt. Continue rate hikes into early 2023, no slowing down of rate hike to lower inflation rates. I need to see strong economic data during NFP this Friday which...
In this video I break down the dollar chart. I quickly go through some fundamental data that's set to come out this week and at the end I give you some trade ideas I'm keeping an eye on. I hope you enjoy. Please feel free to add anything you'd like in the comments!
Overnight, the DXY broke below the 106.70 price level to trade significantly lower toward the key support area of 105.60. This move lower followed the current downtrend but was intensified following the release of the FOMC meeting minutes. The meeting minutes indicated that the current monetary policy is ‘approaching a sufficiently restrictive level”. This...
NZDUSD looks to have taken out resistance capped just below 0.6230, which may set the stage for upward extension toward resistance in the 0.6352-0.6469 zone. Reclaiming a foothold below 0.6150 now seems necessary to neutralize near-term upward pressure. Prices were relatively staid after November's RBNZ announcement registered on the hawkish end of expectations -...
I know it's a messy chart but lucky we have to focus on just a few things! As we just got the message that most FED officials backed slowing the pace of rate hikes we did see a small pump for BTC and a dump for the DXY. For the DXY I would like us to stay under $110 ish. For Bitcoin we have a few levels to watch closely. First the key levels to watch if we...
Todays FOMC minutes stated they will "support slowing of interest rate hikes soon to assess the lagged impact of monetary policy" XHB - Homebuilders etf will benefit most from slowing or pausing of rates. New home sales data today reported better than expected results too.
The PMI data today has given the US Dollar bears a head start before the FOMC minutes are released. Firstly, the recent cooler-than-expected US Consumer Price data has already created sentiment for a Fed pivot and investors' hopes that the central bank may be in a position to moderate its pace of hikes. In the prior statement, it read "In determining the pace of...
To me gold should be reach this area .. creating a deeper retracement before the next bearish move
Hello TradingView Family / Fellow Traders. This is Richard Nasr, as known as theSignalyst. 105 out of 500 days done. I truly appreciate your continuous support everyone! Let me know if you like the series, and if you would like me to change or add anything. Always follow your trading plan regarding entry, risk management, and trade management. Good...
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.
Will Gold Spread Its Wings Post FOMC? 12 Hours until we find out. Gold is now sitting just above a considerable pivot level. The question is: will it hold? I'm not so sure that it will, but playing the long game never the less. I am long, waiting to see what happens leading up to FOMC & after. Fingers crossed for me :)
Gold and the US Dollar are in focus as is the RBNZ, Kiwi and the FOMC minutes.
I asked about the Blackhole cursor and apparently it's an Easter Egg they added for a short time. It's kinda fun, so check if you have it. I plotted FOMC minutes and it seems to be more of a pivot than I thought. I figured the speeches and rate decisions would've been cleaner, but these seem closer to the actual pivots. I guess we could break out of the bear...
This shows the movements made in the SPY during the FOMC minutes in 2022
Although the DXY traded with choppy price action on Friday, fluctuating along the 106.50 price level, the DXY has climbed steadily to retest the round number resistance area of 107. Look for the price to break above the 107.20 price level to signal further upside potential, with the next resistance at 108.30. Further upside on the DXY could be driven by...