The AUDUSD approaches a key resistance at the 0.68 round number price level following a consistent climb since the start of June. If the DXY continues to weaken, down to the key support level of 103, the AUDUSD could break above the immediate resistance level of 0.68 and rise toward the next resistance level at 0.6920. However, the 0.68 resistance level is very...
Will the Federal Reserve finally decide to pause on further rate hikes, keeping interest rates at 5.25%, or will the Feds hike rates one final time to take rates to 5.50%? There has been much speculation about the likely outcome of the US FOMC regarding its interest rate decision. Especially with the most recent CPI data being released at 4.0% (Expected 4.1%...
We have a big week of data US inflation figures are released tomorrow and are likely to show a continued disinflationary trend, with the headline rate falling to 4.1%. This will help the Fed remain on pause for the Wednesday rate decision. The major level to watch to our mind is the tentative downtrend drawn from the October 2022 high. This comes in at 3.88....
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...
Traders, As you know everything is about the dollar rn. What it does determines what the rest of the U.S. market does. And, so far, what the U.S. market does has been helping us determine what Bitcoin will do. Bitcoin, being the lead dog, shows us what the remainder of the alt space will eventually do. This is how we follow the breadcrumbs to our next projected...
So far this year, Cable has made significant progress. However, the fifth wave’s potential for further growth appears limited due to its final leg within a higher degree impulse, as evident on the daily chart. Interestingly, there have been instances of sluggish price movement and overlaps around the 1.23 area. This prompts us to question whether this could be the...
Marquee event risks to navigate: Debt ceiling headlines – President Biden meets with Congressional leaders on Tuesday to try and inject some urgency in forging an agreement to raise the debt limit before 1 June. We’re already seeing clear stress in US T-bills maturing in mid-June, so the market is certainly taking the threat of moving past the June X-date...
Today's focus EURUSD Pattern – Resistance stall Possible targets – 1.1165 Upside 1.0965 downside Support – Resistance – 1.1065 Indicator support – ECB meeting MA slope up With the ECB to come, we are focusing on the EURUSD as price continues to be held at 1.1065 resistance. Price has continued to trade in an up trend but, for now, remains held back at...
OANDA:EURUSD While the Dollar Index crawls back up with rate hike chatter. EU follows suite to the downside.
Rates and bond yield will go back to nothing. History repeats itself Banks will get good balance of so many holding long term lockdown in yield.
Bank Earnings have been great! Though, The market wasn’t overly thrilled about it. We believe this is due in part to the uncertainty it caused regarding the fed rate path. The bank failure(s) that occurred, and fear of continued failures, cast doubt on the feds ability to continue to raise rates. This elevated markets, in our opinion, in conjunction with...
Traders, I said it all in the title. Yes, the dollar has now conclusively formed a very ominous Head and Shoulders pattern. The dollar will die once (not if) it breaks that neckline. But do I think that is going to happen immediately. I think you all know the answer. News has hinted at a Fed rate hike pause this week. Next week another news story will come out. I...
In light of the precarious global economy and numerous contributing factors, such as deglobalization, the inflationary impact of the war in Ukraine, an aging population, and an overwhelming amount of debt, the Federal Reserve's role and efficacy in the current economic climate have come into question. Drawing on Jeff Snider's work, it is increasingly evident that...
US10Y yield is in completion of C of wave (4), expect to see a strong run up to 6% zone in wave (5) of circle 3 by end of this year.
Last week, the Federal Reserve (Fed) went ahead with the 25bps hike that many expected, causing a spike in the U.S. dollar and a temporary halt to the rally that equities and risk-on assets were experiencing. This rate hike has come under scrutiny from market analysts. In the past two weeks since Silicon Valley Bank ( SVB ) and Silvergate Capital collapsed, there...
TLT was down 2.35% on the day. If it can break the horizontal support, look for rates to rally and TLT to fall further. It has already broken rising trend support. If rates do continue to rally look for this to have a negative effect on tech stocks whose cashflows are highly sensitive to changes in the discount rate. All eyes now on the Fed. Lets see who blinks...
Hello,Traders! BITCOIN did not yet manage To break the key decisive level And I think that before the FED's first rate cut we will See BTC consolidating Between the two levels But after the breakout And 1W candle closing Above the level we will be Able to say that BTC will Go higher and sky is the limit Before that and before the FED acts, I am inclined...
Overnight, the DXY continued to weaken and traded down to the 103-round number support level. However, the price bounced from the level to consolidate at the current level of 103.18. It is likely that the DXY could continue to consolidate along this level in the lead up to the FOMC interest rate decision due on Thursday morning. The expectation is for the FOMC...