In tomorrow's trading session, the spotlight is on XAUUSD as we consider a selling opportunity around the 2043 zone. To form a nuanced view, it's imperative to juxtapose the recent Consumer Price Index (CPI) data with preceding figures. The CPI figures from today—3.4% actual, 3.2% forecast, and 3.1% previous—demonstrate a slight uptick, indicating inflationary...
EURUSD struggled to build on yesterday's gains and experienced a decline since the start of Tuesday's Asian session. The surge in the US Dollar index exerted additional pressure on this currency pair, causing it to slip below the critical 1.0600 level. The anticipation of a more stringent stance by the Federal Reserve (Fed), supporting the upward trajectory of US...
The Fed Hawkish Stance During Wednesday's address, Federal Reserve Chair Jerome Powell reinforced his stance on tackling inflation with a more cautious approach. He emphasized that the central bank is not yet finished with its efforts to curb inflation and hinted at the possibility of implementing multiple interest rate increases during future monetary policy...
Sp500 waiting for the DXY to head down, maybe the CPI tomorrow will be positive, marking the start of the reversal
China will print, there is no way around it, at the same time the dollar will fall, I do not know how they will pull that rabbit out of the hat but they will, China will get richer while the street americans get stiffed by tough financial conditions and high rates as it is right now, chinese money is going to push-up the SP500, SP500 at this time and place is a...
US inflation data in July 2023 provided mixed signals. While Consumer Price Index (CPI) is moving in the right direction, producer price inflation suggest pipeline pressures are picking up. Core CPI, which excludes often-volatile food and energy costs, rose only 0.2% for a second month in a row . However, US producer prices picked up in July, owing to increases in...
SPX 500 going to 4200 again, bears are short in heavy this time, fear is back in the markets, maybe 2024 will be a better year...
S&P 500 INDEX MODEL TRADING PLANS for THU. 06/15 The potential bull trap cautioned about by our models continues to be in play, while the markets seem to be calling the bluff of Powell's hawkish posturing in yesterday's "hawkish pause" presser. Nevertheless, bears should be cautious of not jumping the gun but wait for confirmation before initiating any shorts. It...
Today the Federal Reserve chose not to proceed with an 11th consecutive interest rate hike, opting instead to assess the effects of the previous 10 hikes. However, the Fed announced that it anticipates implementing two additional quarter percentage point increases before the year concludes. While the pause was largely expected, the fact that policy makers see...
Hey Traders, In today's trading session, we are closely monitoring the USDJPY currency pair for a potential buying opportunity around the 139.700 zone. After trading in a downtrend, USDJPY has recently broken out and is currently in a correction phase approaching the retrace zone near the 139.700 support and resistance area. A key factor to consider today is the...
It may have taken a few weeks, but markets are finally pricing in what we argued all along; a higher terminal rate and no cuts this year. If you cast your mind back to the Fed’s recent 25bp hike, it is fair to say the Fed were not impressed with the market’s original response. Fed fund futures not only lowered the terminal rate to 5% but even began pricing in...
Hello guys! Here is a quick summary of what happened in the market today, especially in the Japanese one, after the Bank of Japan surprised everyone. On Tuesday, the Bank of Japan made its first move towards a shift away from ultra-loose monetary policy after weeks of speculation. As part of an adjustment to its yield curve control policy, the BoJ decided to...
DXY D1 - Still technically in a downtrend here on the dollar, following Wednesdays economic action we have seen a bit of a confused dollar in my opinion. Contradictory closes amongst commodities, FX, stocks and mutuals... We closed red on Wednesday, recovered Thursday and we now sit at the pivot point of D1 and H4 area of S/R. Interested to see whether we have...
AUDUSD H4 - Consolidation on this resistance zone, very similar to what we are seeing on the likes of cable. With the dollar on our preferred swing support zone, I think we could just be accumulating before the impulse.
DXY H8 - The breakout is very much upon us, and we are seeing the likes of GBPUSD, EURUSD and XAUUSD falling quite sharply in line with Dollar corrections. Really hoping for a retest of this 107 support price before continuing much higher. This would offer us additional elements of entry point.
DXY D1 - Haven't really moved much since yesterdays, we are holding ground and slowing down, I just want to see a bit more from the dollar, a close around 106.500 this week could see us close bullish, which would be very attractive, a possible swing correction from 113 to 105 could be realised next week, we have pinned into a considerable zone, support and demand...
Obviously across boards USD as the Quote currency have been on a bearish move due to the Hawkish nature of the dollar index ,interest rates etc From the point of Technicals on the chart I'm expecting price to touch the Immediate SUPPLY zone with a good PA we are good to short the pair But looking at the OB spotted above the currently S zone makes the immediate...
Based on the latest analysis, we can clearly see the trading range of the asset and the support thanks to the Fibonacci and Ichimoku cloud, that's why I believe this will be the beginning of a very strong hawkish rally, even a breakout of the resistance of the current trading range. GOLD will be affected as well, expect an analysis shortly...