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...
DXY D1 - Haven't really moved much since yesterdays, we are holding ground and slowing down, I just want to see a bit more from the dollar, a close around 106.500 this week could see us close bullish, which would be very attractive, a possible swing correction from 113 to 105 could be realised next week, we have pinned into a considerable zone, support and demand...
What a difference a week (or in this case, a single CPI report) can make. Last week we were bullish on the dollar index due to the cluster of support levels nearby, and expectations for inflation to exceed estimates. Clearly, the fundamentals of a much softer CPI report made minced meat of the support zone and sent the dollar index lower, during its worst week...
we can short ethereum after its upward correction i think this market goes to touch lower rate. be care about long position on crypto market. trade actived, risk free your trade and wait to get a good porofit guys.
Cable is pushing higher as the DXY continues to correct. GBPAUD and EURUSD are also a buy, suggesting that the EUR and GBP are benefiting from a weaker dollar. There is a slight gap left from the opening price compared to last weeks close, so we have the opportunity to fill that. Assuming the same thing happens as last week, we'll carry on higher. But that is the...
A classic bull flag had a false breakout overnight. Price has fallen back into it and retested the upper channel, failing there too. The 50DMA is at $ES 3830-40, and it's entirely possible we revisit that level between now and the FOMC announcement tomorrow afternoon. Following that, if the bull flag plays out completely, upside potential is all the way up at...
GBPUSD D1 - Wouldn't like to attempt to swing short this pair, due to it's aggressiveness, or any USD related pair for that matter, however, I would still be happy to indicated preferred buy zones upon relative corrections, regardless of where we head, we can simply prepare ourselves for buy opportunities amongst ***USD pairs, whether we pullback and realise them...
The Inverse Head & Shoulders has completed. There will be loads of stops under the right shoulder and the head. But for now, we have to assume that the pattern is going to play out. In my other research, I detail why fundamentally the Nasdaq should go higher but you would have to dig around and find it on the internet because I am not allowed to tell you where it...
I'm back with another warning and yes I know I have been repeating myself so here's the latest update... Bitcoin and the overall crypto market are playing a game of ping pong with the market makers actively sourcing liquidity from the futures market. This creates choppy price action without a real direction within the local range between 45K and 34K. These types...
Hey traders, Based on the recent CPI data we can understand that the market is calling for a pivot, soft CPI data tend to give us a bullish stock market and the AUDCAD pair along with NZDCAD is extremely correlated with indices, which means when we have bullish bias on indices we can consider AUD and NZD pairs longs, especially against USD and CAD and you can...
Hello and Welcome to this analysis Post FED rate hike last night, S&P declined sharply and is now near a strong support in daily and hourly time frame. This level of 3675-2725 could work as a good support for now. Bounce for 3800-3850 or reversal till 4000-4050 likely if held
Bonds have soared after yields collapsed due to CPI coming in slightly better than expected. This follows months of consistently high readings fueling a hawkish Fed. With this reading, the markets will likely start to anticipate a pivot to a less hawkish stance. ZN broke through our target of 110'27, and moved a full handle above that to 111'26. It is...
GOLD TRADING IDEA FOR 07 NOVEMBER** As there is no such major fundamental events today, we are expecting gold to stay range bounded, As gold failed to break above the key resistance zone 17680-1683, We will be looking to sell gold below 1675 Targeting 1665-1664. on buyers side we can expect some more upside pullback A break above 1681, will be a buy...
The DXY reversed earlier than expected. The previous analysis was that the DXY could climb to 114, with the 113 price level providing some resistance with a probable retest of 112.55 before trading higher again. However, we saw the DXY weaken MASSIVELY on the release of the US employment data on Friday, with some other contributing factors: - NFP was higher than...
Traders, This week we'll have a look at recent price action, current sentiment, and what might be driving these huge pops in the altcoin space. Stew