OANDA:XAUUSD Gold price’s (XAU/USD) rally pauses after refreshing all-time highs near $2,305 amid uncertainty ahead of the release of the United States Nonfarm Payrolls (NFP) data for March. The labor market data is expected to influence market expectations for the Federal Reserve (Fed) rate cuts, which financial markets are currently anticipating for...
The KOG REPORT – NFP This is our view for NFP, 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 swings in...
April 5th DXY: Could see higher NFP, but DXY might weaken, break 104 support, trade down to 103.70 NZDUSD: Sell 0.6035 SL 20 TP 55 (DXY strength) AUDUSD: Sell 0.6605 SL 20 TP 45 (DXY strength) USDJPY: Sell 151.80 SL 25 TP 90 (DXY weakness) GBPUSD: Buy 1.2605 SL 20 TP 70 (DXY weakness) EURUSD: Buy 1.0885 SL 25 TP 55 (DXY weakness) USDCHF: Sell 0.8990 SL 30...
Preferred direction: SELL Comment: For gold , we previously gave two setups for sell, and one of them is already in work (scenario №2) . However, against the background of the upcoming potential volatility (NFP) , as well as the short-term weakening of the US dollar , most likely, it is at the very moment of the release of data on the US labor market that...
Preferred direction: BUY Comment: The British pound also remains on the buy list. Here, the expected movement for the current NFP is the same as for the euro . Growth is expected towards the level of 1.27000 , where local resistance will occur. The target is not set above this area (quite an aggressive option). But one can consider potential sales when...
Preferred direction: BUY Comment: The setup for today's NFP remains in favor of the buyer. Most likely, the euro will update yesterday's high around the level of 1.09000 . At this level, there is an area of resistance, and most likely it is from here that we can expect a deeper correction than the one we are currently observing. Additional comments on this...
Preferred direction: BUY Comment: At the beginning of the coming week, the buy-priority for the euro remains. The previous week showed nothing in terms of volatility. The coming week is expected to be hot, and reasons for volatility can be found in the economic calendar. As before, the main target for medium-term growth is the level of 1.09000 . Scenario №1...
Technical evaluation of GOLD: Crucial resistance: 2305 - 2308 and 2330 - 2335 Crucial Support: 2265–2260 We may anticipate a significant upward move towards 2320 and 2330 if the resistance is breached.
Preferred direction: BUY Comment: The aggressive behavior of buyers of the American currency forced the prices of the main competitors of the USD to decline at the beginning of the week. This affected the euro and pound to a greater extent, but the currencies of the Pacific region also sank. Nevertheless, we continue to adhere to the buy priority in...
NFP preview: Trading S&P or GBPUSD? US Fed Chairman Jerome Powell has reiterated on multiple occasions that a tight labor market acts as a deterrent to lowering interest rates. Which is why this month's NFP data release should be interesting. This Friday's Non-Farm Payrolls (NFP) data is expected to show an addition of 200,000 new jobs. Since Feb 2023, data...
Preferred direction: BUY Comment: The New Zealand dollar almost completely copies the situation with the Australian dollar . Here, we also continue to adhere to buy-priority in the medium term. It should be noted that both of these currencies are currently having the best setup for buy among others majors, but even this does not exclude potential short-term...
Important Caption : By examining the gold chart, we can see that the price faced selling pressure after entering the supply range of $2212 to $2222 and was able to fall to $2202. After the price reached this level, it faced demand pressure and was able to It grew up to $2236 and recorded a new ATH and finally closed at $2233 on the last trading day of last week!...
An Ascending Broadening Wedge Again a bullish structure which I have shown the bull activity with bars pattern I expect bull action on this 30M chart Lets see how it goes
The British pound has started the trading week in negative territory. In the North American session, GBP/USD is trading at 1.2807, down 0.39%. The pound has posted six straight winning days and climbed 1.56% last week against the US dollar. The UK releases the employment report on Tuesday. The labor market has remained resilient even with the steep rise in...
That being said, the dovish commentary from central bank policymakers creates a tailwind for the yellow metal. The Fed Chair Jerome Powell said the US central bank is "not far" from gaining enough confidence that inflation will reach its 2% target to begin lowering interest rates. Investors will take more cues from the US Nonfarm Payrolls (NFP) data on Friday for...
Hello Traders! Today we were fortunate enough to have the ShrewdCatFx Illustrator make an appearance on the Air. Yes, it is that time of the month for NFP data! 0:0 Special Guest & Monthly Timeframe/NFP Expectations 2:32 Weekly Timeframe 3:43 Daily Timeframe 6:20 4Hr timeframe 8:27 1Hr Timeframe Numbers are expected to decrease over the prior period but growth is...
08/03/24 The KOG REPORT – NFP This is our view for NFP, 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...
March 8th Non Farm Employment Change Scenarios DXY: Look for reaction at 103 resistance level. Strong NFP (>250k) : DXY break through and climb to 103.70 Weak NFP (<140k): DXY reject and drop to 201.10 NZDUSD: Sell 0.6155 SL 30 TP 80 (DXY strength) AUDUSD: Buy 0.6655 SL 25 TP 70 (DXY weakness) USDJPY: Sell 147.50 SL 40 TP 145 (DXY weakness) GBPUSD: Sell...