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bad jobs report & rba tapers yet the aussie sells off against the dollar ... i smell manipulation to get retail frustrated.
Australia’s central bank left its cash rate at a record low of 0.1% as expected on Tuesday, while confirming plans to taper its massive bond buying program from this month.
The Reserve Bank of Australia (RBA) said it would trim purchases...
pretty simple, heading into Thursday’s European Central Bank meeting, economists are now expecting a modest reduction in the rate of bond purchases made using the central bank’s Pandemic Emergency Purchase Program.
If the Euro "Tapers" Before the Fed does.. expect a huge shift in the dollar.
thanks to the RBA reducing their bond asset purchases (aka they're tapering) .. Aud should see a nice bounce.
All of these banks are tapering except or usd.. that should be a signal within itself.
"Defying expectations, the central bank is sticking with its plan to taper asset purchases from AUD5b to 4b until mid-February 2022"
this guy came in the public tradingview chat asking us FOREX guy about CRPYTO... well at the end of the day it's just a chart.. bitcoin hits 3 day rsistance it's a sell back to sub 30k.
only way this bitcoin cycles will be different from the last (for u well versed cryptoheads) is if btc goes under 20k because bitcoin has NEVER taken out a previous high then go...
relate to last post ...
well 1 covid case caused the whole new zealand to lockdown and put a pause onthe rates.. we werent expectig that bhut we edid expect the down side.. now we are ready for the real rise ..
The RBNZ is EXPECTED TO RAISE RATES, next week Tuesday @ 10PM EST on 8/17.
But before we go straight up , we MUST go gown. Lets play by the banks games. They wanna make it seem like the kiwi is weak until it isnt!
my favorite pair once all targets are met , is going to be (1) nzd jpy, followed by (2) eur nzd , followed by (3) nzd usd!
the ONLY "Major" news we have this week is the USD inflation data on Wednesday 8/11 @ 8:30AM est ...
Now we've seen what NFP has done already. Dollar soared because bloomberg revised down the expectations due to a poor ADP, (check 2 post ago), but NFP wasnt bad.
Now i can see US inflation CPI data to continue it's trend of coming in WAYYY over...
JPY dumps whenever there is a strong nfp report and surprisingly is the strong when nfp is bad due to the correlation with US Yields. In my opinion, Jpy gets strong here. I think the best opportunity may be against the CAD.
STOP - 88.06
ENTRY - 87.93
TP1 - 87.2
TP2 - 86.9
TP3 - 86.6
then looking for a reversal!
dollar sold off after a crazy fomc bounce, but tbh it just went from the low of the weekly range to the top. so i can see the euro falling once more and dollar rising for a little bit until nfp.
since dxy is heavily inverse to eu , i feel comfortable with.
DXY LEVELS to watch are on the screen.
THIS IS THE DEFINITION OF A STOP HUNT!
we've all seen how the dollar has exploded over the past couple of days but NZD is not giving up without a fight you can see that every time the kiwi goes below .695 on the weekly candle it rushes back up before the week is over.
now fundamentally speaking, WE KNOW the RBNZ (New Zealand Central Bank) will be raising rates...
Fundamentally speaking euro shall prevail but technically speaking 2/4r harmonic bat was punched for some liquidty and is now on it's way back to the target of 1.188 & other short term targets are there as well
the DOLLAR, YEN, & SWISS FRANC has all extended their strength to start the week but ONCE AGAIN unlike other pairs that have lost their respective support levels against the dollar, NZD SHOWS SIGNS OF STRENGTH.
i believe it's ready across the board now..
nzdusd entry .693
stop : .691
TP1 : .7225
TP2 : .728