DXY is kinda aligning with my bias. I personally think it will go for the imbalance and the gap will act like a base. For EU I'd look for shorts in the whole retracement zone. I have two POIs which I marked - 2WT & DBD. I always make sure DXY aligns with EU when I'm entering. Keep it in mind. The whole retracement zone is a big supply zone. I personally do not...
Even tho the trade is going pretty well JPY index doesn't look like it's reversing. Holding the trade might be risky that's why I put my SL on BE. Let's see how it goes. What do you think? LQP = Liquidity Pool DBR = Drop Base Rally demand zone 2WT = 2 Way Trap
EUR/USD, after breaking through a demand zone between 1.07 and 1.0790, is now heading towards another demand area at the level of 1.075, coinciding with the low of the bearish channel. This zone could be significant for an upward reversal in price, with a potential return towards 1.09. It will be crucial to assess the price action at the London opening this...
The price of gold gained bullish momentum, reaching a new weekly high above $2,050. Escalating geopolitical tensions and declining US Treasury bond yields, driven by soft producer inflation data from the United States, fueled the XAU/USD rally ahead of the weekend. Continued buying would negate any short-term negative outlook and set the stage for a move towards...
Economic and Political Context: Market Sentiment: The GBP/USD exhibits a positive trend above 1.2700 during Wednesday's European session, bolstered by an improvement in market sentiment and renewed weakness in the US Dollar. Influence of Bank of England (BoE) Policy: BoE Governor Andrew Bailey is expected to defend the decision to tighten policy to combat...
Analyzing the USD/JPY pair, I observe that it is consolidating losses below the 144.00 level. The Japanese Yen (JPY) has gained traction following softer-than-expected Tokyo inflation data, strengthening expectations of a more hawkish approach by the Bank of Japan (BoJ) and widening the monetary policy divergence between the BoJ and the U.S. Federal Reserve (Fed)....
On EUR/USD, there's noticeable buying interest, with the pair rebounding from multi-week lows at 1.0876 to settle around 1.0948, marking a modest 0.09% increase. During Thursday's European trading hours, EUR/USD gained ground but struggled to extend its recovery later in the day due to rising U.S. Treasury bond yields, supporting the Dollar (USD). The initial...
The analysis of the USDCAD pair indicates a bearish trend for the Canadian Dollar (CAD) against the US Dollar (USD), with the CAD declining for five consecutive days. The US Dollar's strength is partly due to better-than-expected US ISM Manufacturing PMI for December, despite it still indicating contraction. Canadian economic data is lacking, with no significant...
I've been closely monitoring the EUR/USD pair, which has shown some intriguing movements. The currency pair peaked at 1.1122, marking the highest level since July 27. This peak was particularly notable as it indicated a robust momentum, considering it pulled back modestly afterward and is now consolidating gains, hovering around 1.1100. The persistent pressure on...
Gold has experienced a volatile trading day, initially dipping to $2,060 before rebounding to $2,070, effectively erasing its daily losses. This movement seems to be partly influenced by the decrease in the benchmark 10-year US Treasury bond yield, which fell more than 1% to below 3.85%. This decline in yields has provided support for the XAU/USD, assisting it in...
Analyzing the EUR/USD currency pair (Euro against US Dollar), we can observe several key elements influencing its current trend. Strengthening of the Euro and Weakening of the Dollar: The EUR/USD pair has returned to trading above 1.0900, benefiting from a weaker US Dollar and US Treasury bond yields. This movement is influenced by divergences in the policies of...
The price of WTI crude oil is facing challenges in maintaining intraday gains, experiencing a decrease during Monday's European session, hovering around $71.40 per barrel. The recent price increase has been fueled by positive employment data in the United States, but investors are skeptical about the possibility of a significant reduction in supply despite OPEC+'s...
The EUR/USD cross experienced a rebound, rising from its recent low at 1.0723 observed last Friday. During the Asian trading hours on Monday, the pair demonstrated strength, trading higher around 1.0760. The US Nonfarm Payrolls for November exceeded expectations, recording a significant increase of 199,000 jobs, while the unemployment rate dropped to 3.7% from the...
The GBP/USD is trading just above 1.2700. The exchange rate is not influenced by the hawkish comments from the Governor of the Bank of England, Bailey, while the US dollar continues its descent on signs of a robust American economy and further indications of easing inflationary pressures. The daily chart for the GBP/USD pair shows it is trading around its opening...
The EUR/USD is trading around the level of 1.0950 as the trading week approaches its conclusion, and markets anticipate an early drop in volumes, with US markets closing early for the weekend. The US Global Manufacturing PMI drops to 49.4 in October. US Purchasing Managers' Index (PMI) data spread on Friday, with a decline in the Manufacturing component and an...
zoomed in Inverse H/S linked to previous idea. Short into next year then flip to long for the possible Santa rally.
The GBP/USD is hovering around 1.2250 on a quiet Monday. The pair printed a fresh daily high at 1.2259 on the back of Dollar weakness. Attention shifts toward UK employment figures and the critical US CPI data due on Tuesday. The GBP/USD gained momentum and pushed towards 1.2250 in the European session on Monday after spending the Asian session fluctuating in a...
EUR/USD Pair: The EUR/USD pair is trading within a tight range around the 1.0700 level during the Asian session, lacking a clear intraday direction. US Treasury Bond Yields and Equities: A recent significant pullback in US Treasury bond yields and a rally in US equity markets have not provided support for the US Dollar, traditionally considered a safe-haven...