Fed speech last Friday made USD strengthen and DXY technically looks upwards till 110 zones which let other Major pairs will face effects, that too GBPUSD looks bearish till 1.15 zone, Expect a bounce back from the low there, Cant neglect the fact of NFP reports on Sep 2, Friday
In this video I breakdown some headlines to look out for that should move the oil market one way or the other. I also run through the USD situation right now and explain how that could create moves in the oil market. Then I run through the chart to show you what I'm looking for to enter a trade.
Us30 is sitting showing bullish willingness. I feel the buyside liquidity will be wiped out soon. But keep in mind that August price action is tricky for numerous reasons and this week is Non Farm Payrolls news event which will inject huge volatility in the markets.
Here is a quick analysis of what happened to Gold after Friday's NFP. Asian and London Session. NFP caused this large drop in the price of Gold on Friday. The close of the second candle after the drop becomes an important price point called A. Price falls again and consolidates in a range at this 1775 level. The first proper breakout happens with a large...
GBPUSD receives qualitative support from 1.2030 levels after Friday's drop caused by US employment data And it regains part of its losses by returning above the pivotal 2080 range This is not enough to go up Today's close above 2125 indicates that the current selling pressure has calmed 2165 with positive momentum announces strong entry for buyers
EURUSD is still trading without a clear direction. After the last impulse during NFP, we now expect to see price testing the support. Until we see a breakout in either direction outside of the range, EURUSD isn't the best pair to trade right now. There is a higher probability that we will see the market testing 1,0121 and in case of a breakout we will be...
The Non-Farm Payrolls (NFP) for July 2022 surprised many as it reported that the US economy added 528,000 jobs, more than twice the consensus forecast. Total NFP employment has now returned to the pre-pandemic level, when 20 million jobs were lost. At the same time, the US Unemployment Rate decreased to 3.5%, the lowest rate since February 2020. Additionally, US...
The GBP/USD breakout happened during the NFP. It seems bearish on GBPUSD. It could be carried on to the next support.
The US dollar has gained incredible strength off of the Non Farm Payroll numbers, which came at a headline beat with employment at 3.5%. This suggests that the markets feel that the Fed is now more emboldened to hike rates even further at their September meeting. The DXY is still holding the range established when it started its sideways corrective phase after...
Non Farm Payrolls introduced some volatility in stocks. The numbers came in hot, with a headline beat and unemployment at 3.5% . The S&P 500 had already edged higher, reaching our target of 4178, and establishing value between 4144 and 4178. The NFP data release introduced some volatility, with a small selloff extending past 4122 into the vacuum zone down to...
By analysing the gold chart in Weekly and 4H TF , we can see that currently the important short-term resistance is the price range of $1,783 to $1,810, and the price entered this zone twice this week, and both times faced strong pressure from the bears.The important support ranges are 1755$ to 1765$ and 1717$ to 1725$ respectively, this analysis complements the...
Hi, For those who are seeking US NFP data to enter on Friday tomorrow, you can see my chart to do the analysis for your direction. I will remain neutral for now. Please help me by liking my idea if you already get what you want. I really appreciate it. Thank you very much.
KOG Report – NFP This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’re...
It's a busy day in both Canada and the US, with both countries releasing July employment reports. It wasn't so long ago that US nonfarm payrolls was eagerly anticipated and was the most important event of the week. The NFP often had a significant impact on the movement of the US dollar. That has changed in the new economic landscape of red-hot inflation and...
Looing at GBPUSD on 30M timeframe We looking for a possible SELL/SHORT position We looking for a possible downward at this distribution phase
EURUSD is still trading sideways after breaking above 1,0210 yesterday and basically showing no strength for a downside move. It's now heading towards the main resistance below 1,0300. Every next time we see a test of that it will be much likely to actually see a breakout as well. Today, NFP will be published. This is an important economic event for the market...
All official recessions had negative NFP prints the US economy in 2022 is still far from seeing that
$EUR - Lets gooo! EURUSD - Stuck within the range, not much to do until a break to either direction or play the range trade. We got NFP at the end of this week Have a great week ahead ☺ TJ