Last weeks high: $26894.1 Last weeks low: $25873.8 Midpoint: $24853.5 After CPI and PPI news events that took place last week, we can see a clear uptrend after a deviation below the midpoint, then a reclaim and a move up higher. This week we have FOMC and the interest rate decision. The forecast is for the interest rate to remain the same at 5.50%. This decision...
The Us 10 Year yield is one of the most important yields to follow. It greatly impacts long term investment decisions in a vast array of markets; stocks, bonds, real estate. A clear technical breakout is being observed & this could mean inflation is becoming entrenched. Yields have a tendency to rally in parabolic fashion. if this breakout holds we can...
KOG REPORT: In last weeks KOG Report, we said the ideal trade for the week would be to capture that long trade at the beginning of the week to then assess the price action, and short the market back down. For the early session we didn’t get the 1910-12 support level but managed 1916 up into the order region where we then shorted the market as illustrated down...
In the latest #TradewithDave update we consider some of this week’s big events, and take a look at what’s happening in the week beginning 18th September. US inflation We had the latest updates on US inflation in the form of the Consumer Price Index (CPI), and the Producer Price Index (PPI). While mixed overall, both reports showed some upside surprises, with...
The market looks bullish in daily time frame. The FOMC meeting on 19/20 Sep'23 is expected the pause the interest rate at 5.50%, which keeps the USDINR less volatile. If the interest rate is increased USDINR will be bullish. There is 3 more trading sessions to decide the direction. www.federalreserve.gov www.forexfactory.com www.nseindia.com
Hi traders, USDJPY has been bearish since last month after rejecting on a major resistance, we waited for a pullback to enter. Our pullback is almost complete. We now expect the USDJPY to continue plummeting from this price to meet our trendline on the monthly timeframe. Disclaimer NASDAQ Guru offers general trading signals that does not take into...
Hey Traders, in today’s trading session we are monitoring DXY for a selling opportunity around 103.700 zone, DXY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the trend at 103.700 support and resistance zone. Trade safe, Joe.
TLDR: I think the price increase we are seeing is not inflation, the economy is going from bad to worse and the FED's actions don't make any sense. At the peak of the great inflation of the 70s in USA while both long and short term interest rates were going up together with inflation, so was the aggregate credit. In fact loans to businesses were growing...
Gold is stuck below the trendline resistance and bulls need to see a move lower in the US Dollar.
GBP/JPY bulls remain in charge on central bank divergence, but the FOMC minutes could sway things one way or the other as explained in this video.
The FOMC kept the door open for the possibility of additional rate hikes in July following its last decision to hike. While the Fed prefers to retain optionality, some expect that July's was the last rate hike of the tightening cycle. If the minutes reflect policy discussions among Fed officials are entertaining the possibility of pausing going forward, then with...
FOMC mins are up today as the highlight and Aussie jobs. We have a number of potential setups for the day ahead as the video shows in Gold, DXY, EUR/USD, AUD, Yen and the indices such as US30, 100 and SP500.
Hi Traders! With the FOMC Minutes Meeting later today, traders will be eagerly awaiting their latest stance on the inflation issues in the US. The dollar index is near its 6-week resistance level of 103.572, and looking at the price action on the chart, it looks bullish; however, there are signs of a possible reversal. The market is currently in an ascending...
DAX40 is forming a bearish trend, DAX40 close yesterday's session with less than -0.8%. We should expect more bearish movements at the open of the New York and FOMC statement.
NASDAQ 100 close yesterday's session with less than -1%. we should expect more bearish move at the open of the New York session and FOMC statement today.
Dow Jones close yesterday's New York session with less than -1%. We have the FOMC statement today. Dow jones is forming a bearish trend, we should expect more bearish move at the open of New York session and FOMC statement.
FOMC Minutes is coming today. Yesterday, EURUSD rose to 1,0952, but failed to continue and a drop ensued. Upon crossing below 1,0896, we expect the downside move to continue. The first support levels are at 1,0840 and 1,0785. A key resistance level is 1,0952.
Looking ahead to what's next, taking questions along the way ...