sl 1227 short limit order 1206.5 t1 1184 t2 1166 2618 trade setup - short (double top, .618 retracement to enter short trade) US Dollar index (DXY) could possibly find support around 99 to 100.5 for another bullish wave
buy @115.184. Nice major weekly support below X for downside protection.
sell @ 1.07649
4H cypher: buy @1.31306 daily cypher: buy @1.27020
buy @ 0.96949 it might be a bit early to look at this since C is still forming at the moment but markets can turn upside-down in a matter of seconds so better be prepared!
sell @0.74340
buy @ 0.96614
long @ 0.96531 We have seen repeated rejection of the 0.9650ish area on the higher 4H timeframe which supports the expectation that we bounce off again after completion of this bat.
Fed Funds Rallied up from 18% to 33% on the day with Fed rosengrens hawkish comments the only likely impetus. Imo DXY here at 95 mid has an easy 50bps of topside left in it if rates can hold here at 33%, UST also seen higher across the board with the bench mark 10y yield breaking pre-brexit levels. Long DXY, and shorting $yen on rallies is the way I intend on...
Fed Dudley was speaking At A joint New York Fed, Indonesian Central Bank Seminar On Sunday evening when he left a mixed impression for the markets to digest - saying "it is premature to rule out an interest-rate increase this year" but then on the contrary saying "Raising Rates Prematurely Would Be Riskier Than Moving Slightly Too Late" and following up that...
The FOMC rate statement was largely in line with expectations and to the hawkish side - with a september hike hinted at. Much of which followed the rhetoric of FOMC members in the past few weeks (see previous posts) and data (disregarding the poor -4% durable goods mom print). Perhaps the most hawkish/ promising statement made for a Sept rate hike was the fact Fed...
AM 2:30GMT Ausssie Inflation prints are released these are key for determining their August Policy Decision 1. IMO a 1.0%yoy CPI print shows a further 0.3% contraction in their yearly CPI, this should be sufficient to push the RBA to cutting their OCR by 25bps, similarly a 0.3%qoq CPI will be needed in conjunction to show that inflation is growing at a slow...
At market price: 1. At 104 $yen offers an attractive buy and sell side - from the position of not knowing what the BOJ will do.. - I dont think that this pull-back to 104 is a material shift in risk-sentiment, rather i think this is a technical sell-off where the 107 pivot was hit (as highlighted) at which point BOJ/ UJ bulls lost confidence on their long...
Goldman Sachs on July FOMC Decision : - The run of positive economic news in recent weeks has coincided with generally dovish comments from Fed offcials. Policymakers have indicated that they are not âbehind the curveâ, and have expressed increased uncertainty about the neutral level of interest rates. We would treat recent comments with caution, however,...
NZD$ Technical analysis - Remain bearish below 0.70 - 0.69tp1 0.68tp2 on a rate cut (Aug 10th): Key level close: 1. On the daily and weekly we closed at the strongest pivot point of recent times at 0.70 - this is very bearish as historically this is the strongest level (lower than post brexit). MA: 1. We trade below the 4wk and 3m MA - this is a bearish...