After the fall in price from the recent high at 90.29 on 21st Sept to the recent low at 87.24 on 21st Oct, price has been developing in a corrective nature. Price has completed a minimum 3-wave structure from the 21st Oct low. This gives us the bias in looking for a short setup on AUDJPY. A break below the trend line structure will give us the conviction that...
The rising in federal fund rate FEDFUNDS is currently increasing with a mild inflation rate CPIAUCSL . Now we can see a trend that bonds and stocks are increasing altogether. That means the economy has recovered from 2008 crisis. The higher interest rate also means higher return from stock profits. I think the increase in the combination of stock and fed...
Many traders believe or think that when we trade the news, we need to predict what's gonna be actual release for the news; or some might even say it's purely a 50-50 guess work on buying or selling a certain currency pair. THIS IS ALL A MISCONCEPTION! Firstly as traders, we can't and we don't predict what's gonna be the actual release for the news. In fact no...
Good evening comrades, With the recent rally in the loonie resulting from multiple interest moves by the BOC, I'm looking to form a consus regarding the posoitoning of the market going into tomorrow's report. Personally, I beleive that the data release will result in a downside correction for the CAD seeing as the currency incredibly firm already. Now, putting...
Beside my GBP trade, I'm also looking at US data release. It's a preset for tomorrow CPI release which also anticipated to be good. The reason I don't want to pull the trigger right away is because retail sentiment is also pointing toward a Short on this pair and that makes me worry maybe as the price increase and slowly work through all those SL I may have a...
I had a really tough time choosing which pairs to trade for this news. Early morning the surprisingly dissapointed Business Confidence releases sent both AUD and NZD lower. As these two are the ones I've consider short against GBP I now face with a dilemma. If I am to go full Short now, I have a little to bank as the move may have overextended but then again...
Daily outlook - USD/CAD returns to weekly R1 As it was expected, the USD/CAD currency rate bounced off from the 100-hour SMA near 1.2677 and once again surged to the weekly R1 at 1.2738, and even managed to bypass it for couple of hours. Fortunately for the Loonie, an announcement of information on the US CPI led to 33-pips depreciation of the...
the info of the trade are wrote on the chart
Why has the relationship between inflation and unemployment reversed in recent times? (Phillips curve) - 1. 1980s vs 2017 - Expansion in govt and consumer credit, economic boom, demographics 2. unemployment manipulation/ part time, participation rate 4pts lower 63 vs 67. 3. Servicing debt rather than consuming more goods/ services - wage v debt differential 4....
GBPJPY: Selling at fresh supply zone. Also, Consumer Price Index (y/y) related to GBP has bad forecast (prev: 23%, frcst: 22%).
This entry area of 159.50-60 will be predicated on the GBP CPI driving price down to this level. Once this level is hit I will look for a specific entry level and I will also post my price targets as well. This is not a high probability trade..its ONLY valid if the CPI numbers drive the Cable lower. We'll keep you posted.
Coming down from the last week's NFP, today's retail sales, CPI, and ahead of FOMC. Making lower lows and below the neckline of a potential double bottom on daily chart. Let's see if the support area holds after today's meeting. A hike is fully priced in and movement would be dependent on the speech delivered during the meeting.
Consumer Price Index (CPI) forecasted good for GBP
EURGBP: Consumer Price Index (CPI) forecasted good for GBP. Selling at fresh supply.
AUDUSD has been trading within an ascending triangle for the majority of this year and a breakout is expected within the next two weeks. With the US Dollar hitting nine month highs earlier this week, a December rate hike is strongly expected which would strengthen the greenback further. Meanwhile, the pressure of a rate cut has eased in Australia after inflation...
This morning quarterly CPI came in beating the estimates. We might continue to see some bullish momentum on the Aussie for the day.
The Aussie is back in the sell zone after bouncing from channel/zone support confluence on Thursday. We maintain a top is in place and remain bearish, awaiting an eventual break below channel support. Bears will be on the look out for sell signals on the lower timeframes, seeking to push the pair back below 76. Initial support is the .7650 - 76 zone, with a...
The Risky BOJ front run trade using CPI inferences - I find it very interesting that the BOJ is releasing ALL of its key economic data (minus GDP) before making the easing decision, especially as we have already had CPI data this month so we will have an 2 CPI releases in one month which ive never seen happen before (CPI from JPY is usually due next week). -...