Talking Points: AUDUSD Technical Strategy: Temporary Bullish ] Elliottwave Count: We are expecting another leg up in coming week before downtrend resume. AUDUSD's price action looks corrective and expected to trade higher in coming week toward 7400 area, but on hourly chart, we are expecting correction and expected to drop to 7200 area before wave (b)...
Talking Points: NZDUSD Technical Strategy: Temporary Bullish Elliottwave Count: Wave C is still due We were tracking to see correction complete on or above .7200 area before downtrend. But this might not be a straight line. This can be played with two scenario. Scenario 1: where we might see upside on wave (c) and can be target on area zone of 7060,...
Currently, gold is budding up against intraday resistance, following two consecutive sessions of gains on a weaker dollar. As the rate hike came and went, many – even those who ushered in the hike with excitement – are beginning to wonder if the Federal Reserve waited far too long to boost interest rates. The yellow metal had began its two-day rally by finding...
Well.. doesnt need much explenation still we are all trying to work out the implications of FED/ECB relationship and their monetary policy but one thing seems like the USD is not giving up! making terrain across the majors today after the announcement could still TOO EARLY to call it and I am SOO! looking forward to hear from the CTF report next to see how...
View : Bullish Pattern : Head and Shoulder (inverted) Stop level: 1044 Entry level : Closing above 1076 Target : 1105 and higher
So the time is coming, this is the last chance for the FED to demonstrate that the US economy is strong enough to withhold an interest rate hike and continue to show improvements. there are many political and idealogical factors behind this decision and this is a worry to investors and speculators that think this rate hike should not go ahead and that is only...
Precious metals jump higher ahead of today’s FOMC minutes and potentially the first rate hike in the U.S. since 2007. Why? It’s most likely contributed to the fact that the majority of market participants believe Fed Chair Janet Yellen will remain extremely dovish post-rate increase. A dovish hike may be a hard sell , as Nomura suggests, but precious metals may...
Gold is making invested head and shoulder pattern. Wait for H4 closing above 1076 and go long with targets of 1105-1130-1150.Primary target is 1105 but Fomc....splitting trade in 3 positions is a good idea. Stop is 1044.
With the last major news event of the year 2015 later tonight - FOMC FED Rate Decision, we decided to share with you guys as a bonus what we have for our FXP Clients as well. We did a special day analysis for you guys to watch out for potential trade opportunities. Having said that, do take note of the volatility the market will experience during the release and...
Maybe long, but be care.. for FED on 16 december.Stay in pips )
I virtually never short a VIX product. I am, after all, largely a premium seller and, as such, am already short volatility in the vast majority of my setups. So, by shorting a VIX product, I'd basically be "piling on" to what I already do. I also virtually never do debit spreads ... . However, with FOMC next week, I thought I would at least consider taking a...
Fed will therefore most likely deliver its first rate hike in nearly a decade, yet the following the projections might be dovish. Should this happen, the greenback might weaken further, despite rates going up??
waiting for BOE's Governor Carney speech. I have bullish bias for EURO till next week Fed Interest Rate Decision Happy Trading; Rina
This analysis is in line with TheMarketHacker's Forex Fundamental Outlook for the 3rd Week of November 2015 Hacking the Fundamentals Nothing new came out of the FOMC Meeting Minutes from October released hours ago. But the market reacted confusingly, triggering a rally for the USD that was instantly negated early in the Asian Session. Some people are...
Dollar-yen bulls may be forced to take pause after central bank decisions, from each respective currency, give traders something to chew on: The FOMC minutes yesterday were nothing short of redundant. I am beginning to think it is the same speech month-after-month, but financial outlets took whatever they could to spin it as hawkish as possible. That should...
Pair was giving a trouble lot, we expected down trend after had channel breakout. But we were wrong and that breakout was just shallow wave B. However, same time this mess is clear now and we have more visibility of this pair move. We are expecting price to test 200 SMA on 240min chart and same time possibly we will re-test the bearish trend line.
As many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur. This is...
Hacking the Fundamentals While the USD rallied last week and the EUR crashed due to Draghi's threateningly dovish statement, the GBP remains a fundamentally strong currency as UK shows the most modest recovery among the western powers. The strength of the USD is not a welcome development for the Fed as data from the US shows that their recovery is not quite on...