Last week we saw a definite rise in EURUSD and confirmation of the uptrend in H1. Important resistance was reached at 1.0940 and we are still holding to these levels. At current levels, there is no basis for new entries because there is no good ratio. We expect the uptrend to continue and will look for new entry opportunities. The next important resistance is...
In a few hours we will know if FOMC decides to raise interest rates by 25bp or if there will be a pause in monetary policy. Having said that, if we look at 1H chart we still have the same technical structure (see analysis below), which is still valid at the moment. With this in mind it would be great if TVC:GOLD triggered a swing as shown on chart (first bearish...
KOG Report FOMC – 14/06/23 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 these events can cause aggressive...
CPI data came out yesterday and EURUSD hit the 1.0800 resistance and is holding at those levels for now. Today we await the most important news. At 20:00 Bulgarian time, the FED will announce the decision on interest rates, and 30 minutes later the press conference will begin. Regardless of the decision, we will see large fluctuations and it is advisable to...
More than 97% of analysts say the FOMC won't raise interest rates tomorrow, but what will happen to Dollar Index, FX:EURUSD , TVC:GOLD and FRED:SP500 if Powell decides to hike interest rates by 25bp instead? Most likely, tomorrow's announcement will be our driver at least for the whole summer, because this event will have a strong impact on the market. So we...
KOG Report: In last week’s KOG Report, we said we would be expecting to adapt our plan over the week as we were expecting the range and choppy price action to continue. We suggested sticking with the same plan and levels from the week prior which worked very well to give us the trades within the range. The short-term swing we were expecting for the move to the...
Are you dripping into your 401k yet? Not bad area to start dripping in imo for longer term positioning. Dovish powell, in reality it was all stated before and thats why we've had the market really for weeks/months softening rate hikes - the real question is when they will actually STOP! Now, we are at key resistance area, I like the next area of resistance...
The New Zealand dollar is coming off a strong week, with gains of 1.36%. In Monday's North American session, NZD is unchanged, trading at 0.6274. New Zealand releases retail sales on Tuesday. The central bank's tightening has hampered consumer spending and the markets are bracing for a decline in retail sales for the first quarter. Headline retail sales are...
OANDA:EURUSD Took my 2nd trade on the EU short based on DXY heading higher. A real huge gamble before JP speaks, rollercoaster range. But finally got filled at 10 pips Now i wipe the sweat off my forehead.....
The Canadian dollar is trading quietly ahead of a key retail sales report later today. USD/CAD is trading in Europe at 1.3484, down 0.13%. The Canadian consumer is holding tightly to their wallet, which is not all that surprising in the current economic climate. Inflation ticked higher in April, rising from 4.3% to 4.4%. Add in high interest rates and it's not...
Fundamental Backdrop Core Retail Sales m/m expected to improve from -0.8% to 0.5% Consumer spending will increase significantly, indicating improved economic activity Unemployment Claims data could be better than expected due to positive CPI and PPI data released last week Friday could be more volatile due to Fed Chair Powell's speech Powell expected to...
EUR/USD is trading quietly on Thursday, ahead of the ECB decision later today. All eyes are the ECB, which is expected to raise rates at today's meeting. The burning question remains will the central bank increase rates by 25 or 50 basis points? The eurozone April inflation report, published Tuesday, didn't provide any insights as both the headline and core...
Interest rates will be announced today. This is the most important news at the moment and certainly will cause big fluctuations. Expectations are for a rise of 0.25%, but this has already been reflected by the market and it is more important what the comments are about the next periods. We have no active positions at this time and will only search after the...
After steadily climbing throughout 2021, the DXY saw a solid start to 2022. The US Dollar Index rallied from a low point of 94.63 in mid-January to a 20-year high of just over 114 in late September. DXY has experienced a significant drop since the publication of cooler-than-expected inflation data. Expectations of slower rate hikes from the Fed, and a lower...
TVC:DXY News releases pushes dollar to the upside with additional data for JP and his evil masterplan. Trade smart
The US annual inflation rate has slowed down for the ninth month in a row, hitting 5% in March of 2023. While this is the lowest it's been since May of 2021, it's still well above the Fed's target of 2%. Investors are trying to figure out when the central bank will put the brakes on its hiking campaign to slow inflation. The March FOMC minutes (released this...
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.... Enjoy :)
Dumping of USD Means increase in Commodities Like GOLD. Oil prices already set to increase due to inflation. FIBB Shows upside potential with minimal downside risk. If 2000 gets hit in one days move, I'm taking profits there and not holding.