The euro has posted gains today and briefly punched above the symbolic parity line. In the North American session, EUR/USD is trading at 0.9978, up 0.11%. It seems that whatever angle you examine Germany's economy, things are not looking good. Services and manufacturing PMIs both remained in contraction territory (below 50.0) for a second straight month. The...
Hi everyone, just as expected yesterday price attempted to break back into the ascending channel but it seems to be failing: There are still 40% chances of it happening but right now a new small dip towards 21,000 is more likely (60%). With indices attempting a rebound, it would had been great to see BTC back into a positive structure (the ascending channel)...
The New Zealand dollar continues to show volatility this week. In the North American session, NZD/USD is trading at 0.6182, down 0.48%, erasing all of Tuesday's gains. Later today, New Zealand releases retail sales for the second quarter. The markets are expecting a strong rebound of 1.7%, after the Q1 reading of -0.5%. The release is expected to reflect pent-up...
Bitcoin and Crypto Nation... eat this ‼️ Found an interesting connection of quarterly reported US GDP and the prediction of the following quarter performance of BTC - no joke - look at the chart ‼️ Kind of sentiment effect IMO Thursday GDP increase expected - bullish Q3 for Bitcoin ??!! Tell me your thoughts in that idea *not financial advice do your own...
Welcome back to another video, today's video is about analysing BITCOIN (BTC) using the monthly, weekly and daily timeframe to understand and see price movements for possible next direction (either downwards or upwards trend). P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
The Japanese yen has started the week quietly. In the European session, USD/JPY is trading at 133.29, down 0.14%. This follows a positive week for the yen, in which USD/JPY declined by 1.15%. Japan's GDP for the second quarter rose 0.5%. The reading was a notch below the forecast of 0.6%, and the yen showed little interest. Domestic consumption, which makes up...
The British pound is in negative territory today, after a contraction in UK GDP. In the European session, GBP/USD is trading at 1.2126, down 0.61% on the day. The British pound posted dazzling gains on Wednesday, surging 1.19%. The impressive climb was, however, a case of US dollar weakness, rather than any newfound strength in the pound. Inflation in the US was...
The British pound is trading quietly today, after posting sharp gains on Wednesday. In the North American session, GBP/USD is trading at 1.2220, up 0.02% on the day. US inflation surprised on Wednesday, as both the CPI and the core CPI readings were lower than expected. Headline CPI dropped sharply to 8.5%, down from 9.1% in June and below the estimate of 8.7%....
The British pound has surged in today's North American session. GBP/USD has jumped a massive 1.20% on the day and is trading at 1.2218. The economic calendar is very light on both sides of the pond today, but that didn't matter as today's US inflation report has sent the US dollar on a nasty slide. The July data saw both the headline and core readings come in...
The US has technically entered a recession in the second quarter 2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter. However, the official body that is tasked to make a call on whether the economy is in a recession has yet to declare that the US is in fact in an economic downturn. Slowdown in private and public...
The Australian dollar has posted strong gains today. In the North American session, AUD/USD is trading at 0.7030, up 0.57% on the day. The Reserve Bank of Australia meets on Tuesday and is expected to deliver a third straight hike of 0.50%. This would bring the Cash Rate to 1.85%. The markets have priced in a 50bp increase at 0.75%. The central bank continues to...
The stock market extended gains yesterday, in parallel the US economy officially entered a recession based on the commonly accepted definition. Amazon.com (AMZN) and Apple (AAPL) reported their quarterly results after the close and added to the market's gains: Amazon up 12% , Apple up 4%. Stock market futures conitnue to rally as well. The 10-year Treasury yield...
DXY is near support, If it breaks the water fall line then we in for decline. All depends on GDP news...
Hey guys, Just and trade idea on the back of a massively strong day which nearly always gives it back the next day so i wouldn't be a buyer right now. I'm more on the side of shorting for another down day before the markets go to the higher long term down trend boundary. We have GDP numbers coming out and I don't see how they will be good must likely negative and...
Hi All, After FOMC news drive yesterday, WHAT ELSE? Here are my thoughts; 1. There is a lot of noise to the left hand side so am capping my profit target for buys from 12565 to 12667 zones. 2. Buying mostly today is also confirmed by my WICK FILL play (join my live session to access my 90% winrate playbook) but traders must not expect price to move...
The Federal Reserve will suggest they projected a slowdown in Economic activity. Effect Indicated, Effect Observed. Solid work. _______________________________________________________________________ Outside of the Matrix, the Depression slumbers on within the confines of Real Sentiment. ....The Deal Breaker. "7" was misstated - "6" is the GDI hedonic, it's...
Bear Flag... FRS +75 or 100% rise up 27 july GDP 28 July bad ....
The week wrapped up on a high note, as June US retail sales beat expectations. The headline and core readings both accelerated in June, with solid gains of 1.0%. This indicates that US consumers are still spending despite the toll that higher inflation and higher rates are taking on disposable income. The strong retail sales report will raise expectations that the...