📌 @ridethepig G10 FX Market Commentary - JPY for the Yearly Close
Of course, the breakout here can be bought after so much consolidation but it takes time. Buyers have no worries, since with a solid centre a loose Japanese fiscal and monetary policy is easy enough to map. Even more than that Kuroda and Suga are well seasoned, the logical link here is for USDJPY...
This week is promising to be very interesting from fundamental point of view. It's the end of financial year in USA.
On the chart you can see the most important forecoming events that will influence cryptomarket.
CC - Consumer confidence
Powell - speaks Chairman of Federal Open Market Comitee
Lagarde - speaks President of European Central Bank
KOG Report – FOMC
This is our view for FOMC 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.
🤖 #BTCLIVE - 29.09 🤖
Short-Term (-1 Day)
Mid-Term (1 Week+)
Long-Term (1 Month+)
60:40 - Bullish:Bearish
All things looking relatively bullish over the next day or so for BTC - there is still some significant resistance to get through at $20.5k region with long term trendlines and high resistances...
We're probably going to bounce from here (maybe muck around for the rest of the week and bounce next week higher); I think the BOE's QE decision is going to have people hoping that perhaps the Fed will do the same. The fact that a central bank can flinch and go the other way is a huge psychological change. This is somewhat of an exogenous event to the positive, to...
The inflation data and with the rise in interest rates we are seeing a USD strengthening with everyone but a recession has not yet been declared in the United States, something that could change everything especially for GOLD, which is the main refuge of value in the face of a crisis, we saw it in 2008 that exceeded maximums with the economic crisis, we saw it in...
DXY reached 114.5 today, and now its retesting before going to touch 115, and it'll drop down to the BLACK box again (108-109) and It'll do accumulation at this zone (108-109) before going bullish towards 120....
The DXY got a strong burst of momentum from yesterday's FOMC. Although we got our 75 bps hike (as expected), the press conference that followed was a lot more somber. Powell forecasted more hikes, despite the markets expectations of a more dovish forward guidance. This fueled an interest rate spike in treasuries, and bolstered the DXY's meteoric rally to break...
Stocks got slammed yesterday, breaking through lows in the 3800's. We anticipated support at the base of the 3800 handle, but the S&P 500 broke down even lower, currently feeling out the highs of the 3700 handle. At this time, 3758 has provided support and we appear to be attempting a push back to the 3800's. The FOMC meeting came out more hawkish than...
Update of the trend lines after the FMOC;
From here I would say it's safe to go long in stocks for the rest of the year, FOMC has reached peak hawkishness, inflation has peaked, the dollar is out of gas, almost not even moved after the FOMC, triple divergence in the monthly RSI ;
Right now I would take the contrarian attitude, I would short the Dollar and go...
FOMC @ 2:00 PM EST reaction will see one of 3 Events:
1. 75BPS is priced - leading to a move higher to recent intra-week Highs.
2. 75BPS is priced - leading to a tighter range into Powell.
3. 100 - 125 BPS is not priced - leading to a breakdown and a VIXplosion to 31
and VIX Curve inversion.
Powell's conviction @ 2:30 PM EST sets the Equity Complex in...
If 100 bps, then break below support & cont. down.
If 75 bps, then remain above bottom support.
If 75 bps & hints of future pivot, then back into triangle with breakout imminent.
If 50 bps, then To The Moon!
Like we said already, today is FED Interest Rate decision.
This will definitely cause some moves.
Here's what you need to look for before you enter a trade.
Direction : there is a higher probability for a strong USD, therefore we should see a new low on EURUSD. However, we should not sell right now!
Levels: The support levels are 0,9878, followed by 0,9800...
During a quantitative tightening interest rates act as a bullish sign in the stock market. So, a 75bps or 100 bps hike will push the stock price up. And then it creates a bull trap. That's when everything will go down to hell.
The DXY chart looks in lower timeframe very bearish. That might cause a short squeeze.
Yesterday at powells speech he said bad things about crypto: he said that he wants to regulate the cryptomarket, but not ban it. In general that are bad news for crypto fans.
In crypto there were a hype rally of retail traders, that might think: wow regulations but no ban how...
At the morning we saw nice drop on BTC and that way marketmaker formed supporting trendline
Resistance we formed during Asian session. That makes triangle formation finished and end of that formation will be exactly during fundmental news..
At 09:10 New York time FED Chairmen Powell will speak. Usually during such events market has decreased volatility beforehand...
My UVXY is that fear and volatility will rise after the Powell speech
from Jackson Hole WY tomorrow. Accordingly, I expect UVXY
to reverse its current downtrend while the S & P and NASDAQ
Accordingly, I will buy the $9.50 strike call options expiring
September 2nd now priced at 35 cents er each or $35.00 for
one contract. I expect a...