The chart provided visually represents the forward guidance issued by the Federal Open Market Committee (FOMC) alongside the performance of various key economic indicators and market indices. The FOMC forward guidance serves as a crucial tool for signaling the Federal Reserve's monetary policy stance and future intentions, thereby influencing market expectations...
I'm expecting to see USD strength through March with a Hawkish Fed that has strength ibn their economy, compared to all other crosses. Looking at the 4hr chart I'm seeing a couple of bearish engulfing candles and therefor looking for a short in an LTF. There is very choppy water between 0.735 and 0.7366 so we may see a lot of indecision here but I'm overall...
The Canadian dollar is drifting on Friday. In the European session, USD/CAD is trading at 1.3468, down 0.1%. With no tier-1 events on the data calendar, we can expect a quiet day for the Canadian dollar. Canada’s retail sales report on Friday was a mixed bag. Consumers sharply reduced their spending in January following better-than-expected retail sales in...
In this video, I'm overcoming a sinus infection. However, I am explaining the movement come March 24 the Federal Interest Rate. Concluding, that the interest rate will drop during the Fed Meeting.
EURNZD has a bearish structure supported by a descending channel, with a high registered at 1.7935 on January 22nd. Currently, the price is in the H4 demand zone. I expect a possible trend reversal, with a change in structure to the upside on M15 followed by a retest in the BOS impulse zone. In this case, if the market follows this scenario, I would enter a long...
EUR/USD maintains modest daily gains just below 1.0800 in Friday's American session. The US dollar struggles to gain strength following the downward revision of December's CPI, allowing the pair to advance. However, EUR/USD fails to sustain its bullish momentum after a two-day bounce and continues to move sideways below 1.0800 as investors look for new catalysts....
The price of gold has seen a decline below $2,030, after reaching $2,040 in response to recent changes in inflation trends in the United States. Meanwhile, the yield of the main ten-year US government bond remains steadily above 4.1%, creating hurdles for the XAU/USD currency pair in seeking positive momentum. Currently, the price of gold (XAU/USD) is in a...
The price of WTI oil maintains an upward direction after Israel rejected Hamas' ceasefire agreement. West Texas Intermediate (WTI), the benchmark for U.S. crude oil, rose by 0.25% towards the end of the North American session, while the conflict between Israel and Hamas intensified with Israel rejecting a ceasefire offer. On Friday, the Israeli army continued its...
The USD/CAD exchange rate is gaining momentum for the second consecutive day during the early Asian session on Wednesday. This increase is supported by the US January Consumer Price Index (CPI) inflation data, which is boosting the US Dollar and government bond yields. The Core CPI, which excludes volatile food and energy prices, rose by 3.9%, surpassing the...
The price of Western Texas Intermediate crude oil, the benchmark for US oil, was around $77.50 on Friday. WTI prices rose after weaker-than-expected US retail sales data, fueling hopes that the Federal Reserve will soon begin cutting interest rates in the coming months. The conflict in Gaza between Israel and Palestinian Hamas has yet to see a resolution or...
The EUR/USD exchange rate showed a recovery above 1.0750, after touching a daily low near 1.0730 during the American session. This movement was influenced by data from the United States, which indicated an increase in producer inflation in January, higher than expected, and a marginal improvement in consumer confidence in early February. Nevertheless, the EUR/USD...
The Japanese yen has strengthened slightly in response to verbal intervention by Japanese authorities. The daily chart shows an upward movement of the pair, with 151.00 as the next resistance level, followed by last year's high of 151.91. USD/JPY reached a three-month peak at 150.81 after the US Bureau of Labor Statistics reported further confirmation that...
GBP/AUD presents a bullish structure on H4. After the increase in unemployment demand data for Great Britain, the market gained strength by breaking through a supply zone now turned reversal zone, where I now expect a retracement before continuing the uptrend with the target of the supply zone at the level of 1.9440. At that level, two scenarios can be evaluated:...
GBP/USD has lost its traction and dropped to its lowest level in over a week, near 1.2550, following weak inflation data in the UK on Wednesday. Bank of England Governor Bailey stated that inflation data hadn't really changed their outlook since the February monetary policy decision. After closing in negative territory on Tuesday, GBP/USD continued to decline in...
The GBPNZD situation presents a bearish structure, highlighted by three recent touches on the trendline. However, it currently sits within a demand zone on H4, where yesterday I observed a bounce at the 62% Fibonacci level, supported by an H4 candle. This bounce, in my opinion, is worthy of consideration. Shortly after, the market experienced an uptick, also...
Analyzing the NASDAQ, we see several significant factors. The quote is approaching weekly highs, and the performance over the last five days is positive, with a 0.35% increase, indicating strength in the market. However, the volatility over the last five sessions is higher than the three-month average, signaling a period of uncertainty and fluctuations....
Looking like Ill be changing my bias based on structure, and DXY short. Will hold for 160 pips but first TP is 40 Enjoy
Honest opinion is the dollar continues to rally after its big move yesterday. In this case I'll only be looking to place a pending order after 0845EST for the sell stop at 1986. Keep in mind things may change from now to 0845, if it does ill add it in the comments section.