Markets got overexcited by Powell’s comments, providing bullish investors with a reason to drive XAU/USD upwards. However, the picture has begun to change over the past few sessions, with a new storyline unfolding in the wake of disappointing consumer price data, revealing a stark reality: progress on disinflation is stalling and possibly even reversing
EURUSD Jerome Powell hinted that the Fed was convinced that inflation was still bullish and that The bank was hopeful that it would start cutting rates later this year
The GBP/USD pair continued to rebound after the latest UK GDP numbers showed that the economy returned to growth
I am happy to hold a long position and I think it is wisest to look for long trades. Two consecutive higher hourly closes above the all time high of $73054 could be a good entry signals
Hey Everyone, PIPTASTIC finish to the week completing our chart idea!!! Yesterday we stated that we had the break above 1999 opening 2007 and 2010. - Both these targets were hit with plenty of time to get in for the action, inline with our plans to buy dips. We will now come back Sunday with our multi timeframe analysis, Gold route map and trading plans for...
Gold rises despite the United States Bureau of Economic Analysis (BEA) has reported that the economy grew at a higher pace of 3.2% against 3% as anticipated by the market participants. In the July-September quarter, the Gross Domestic Product (GDP) rose strongly by 4.8%. An upbeat GDP data is expected to weaken the consensus argument advocating early interest...
AUD USD has broken out of a falling wedge pattern and closes above with 2 candle stick confirmation patterns But there is USD News coming at NY session Anyways i will keep holding my longs.
Hey Everyone, Please see our daily chart update which we have been tracking all month. Once again true perfection alongside our smaller timeframe analysis. EMA5 cross and lock above 2043 confirmed the 2089 target on this chart with plenty of time to get in for the action, which was completed last week and respected perfectly. We will now either see resistance...
Most Asian currencies fluctuated in a narrow range on Wednesday, but the dollar pared recent gains after some Federal Reserve officials warned against betting the central bank would stop raising interest rates. Expanded. This will focus attention on Fed Chairman Jerome Powell's upcoming speech as markets look for further signals on U.S. monetary policy. ...
The rise in Bitcoin (BTC) has paused at $36,000, but bulls are not in a hurry to cash in. The number of long-term holders (addresses holding Bitcoin for at least 155 days) is close to an all-time high, while the number of short-term holders (addresses holding coins for less than 155 days) is currently at an all-time low, according to Glassnode analysis, indicating...
As traders reinforced their wagers that the Fed would stop hiking interest rates, the USD index and dollar index futures both dropped 0.5% in Asian trading, prolonging losses from the previous day. Chairman Jerome Powell adopted a less hawkish posture than markets had anticipated by admitting that monetary conditions had tightened somewhat in recent months, even...
Due to investor demands for compensation for interest rate and geopolitical risks, as well as worries about oversupply as the Fed tightens monetary policy, both the bond and equity markets are volatile. Because of this, the market will be much more interested in the capital mobilization announcement on November 1st, including details about the scope and duration...
Hello Traders and Investors, My name is Philip and I am a German swing-trader with over 4 years of trading experience. I only trade the higher timeframes, preferably the monthly chart, because this allows me to capitalize on the major market swings. I view trading as a long term game over the next 20 years which will help me to build massive wealth - it is not a...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Good day, traders. Today, we'll be keeping an eye on AUDJPY. Hopefully, we will have a solid bearish momentum around 94.149, with the first take profit being in the 93.50 zone and the second being in the 93.00 zone. Keep in mind, no entry, no confirmation.
Good day, Trader. We'll be keeping an eye on USDJPY. Even though the 4-hour timescale clearly shows a bullish continuation pattern, I like to be careful. Before going long, I will patiently wait for price to break out of and retest the 1.46.643 zone, and before considering selling USDJPY, I will be anticipating price to totally take out the 145.953 zone. Recall...
Good day, traders. This week, we'll be keeping an eye on NZDUSD between 0.5882 and 0.5730 for bullish momentum. First take profit is in the 0.5990-0.602 zone, followed by TP 3 at 0.6130.Keep in mind that entry requires confirmation.
We are going to be waiting price at the present zone for possible buy order and 1.2650 zone is another zone to watch out on GBPUSD . remember No bullish momentum confirmation No entry