Preferred direction: SELL Comment: The situation with metals is quite ambiguous, but nevertheless, considering this instrument from a medium-term point of view, most likely the instrument does not intend to grow yet. According to our two short scenarios, we expect a false upward move before the fall. Of course, this is the first more positive scenario for...
Preferred direction : SELL Comment: Just as in the case of the euro, the British pound is also under the target of sales, however, it should be noted that the potential for a fall here is lower than that of the former. We have previously written about selling using this instrument and continue to adhere to this. Today marks the start of a rather busy period...
Preferred direction: SELL Comment: As before, despite everything, we continue to adhere to sales in euros. The main target for the fall is the level of 1.07000 , which is also relevant before the upcoming Fed meeting. Of course, more attention will be focused on the press-conference and what mood the regulator will show. If the scenario with the ECB ...
CBOT: Micro 2-Year Yield ( CBOT_MINI:2YY1! ), Micro 10-Year Yield ( CBOT_MINI:10Y1! ) and Micro 30-Year Yield ( CBOT_MINI:30Y1! ) The latest US jobs report showed that employers added 216,000 jobs for December while the unemployment rate held at 3.7%, reported by the Bureau of Labor Statistics (BLS). That compared with respective market estimates of 170,000 and...
Preferred direction: BUY Comment: The US dollar's main competitors are likely preparing to strengthen in the short term. The news background can contribute to this. The focus is, of course, on NFP . The market may not yet have recovered sufficiently after the holidays, and it is the NFP that can finally do this. Technically, the AUDUSD currency pair is...
January 5th (NFP) DXY: NFP data above 170k close to 200k, could climb to 103.50 NZDUSD: Buy 0.6245 SL 25 TP 50 (DXY Weakness) AUDUSD: Sell 0.6650 SL 20 TP 95 (Hesistation at 0.66) (DXY strength) USDJPY: Buy 145.25 SL 50 TP 120 (DXY Strength) GBPUSD: Buy 1.2730 SL 20 TP 85 (DXY Weakness) EURUSD: Sell 1.0880 SL 25 TP 100 (DXY Strength) USDCHF: Buy 0.8550 SL...
Macro Monday 19 Total Non-Farm Payrolls: Pre-Recession Observations What is Non-Farm Payroll? The nonfarm payroll measures the number of workers in the U.S. includes 80% of US workers. The figures exclude farm workers (Nonfarm) and workers in several other job classifications such as military and non-profit employees. Data on nonfarm payrolls is collected by...
Hi Traders! The NFP announcement was released earlier today, and it came as a shock to the market. The number came in at a staggering 336K, which is almost double the expected number of 171K. With the payrolls number coming out so strongly, this is a sign that the US economy is still strong, and the high demand for the US dollar is expected to continue in the...
Hi Traders! USDJPY finally reached the psychological 150.000 level this week and is so close to reaching its apex level at 151.946. However, there may be US dollar weakness on the horizon as the US finally ended its streak of consistent positive economic data releases with a worse-than-expected ADP non-farm employment change, which has got traders very nervous...
Hi Traders! USDJPY's bullish outlook is still in play after a better-than-expected NFP announcement to end the week on a positive note for the US dollar after a bad week of data releases. The number came in at 187k, beating analysts expectations of 169k. USDJPY before the figure was around the demand zone at the 145 level and is now trading just under the 146...
Focus is growing on the upcoming nonfarm payrolls (NFP) report. In August, it's expected that there will be about 170,000 new jobs (compared to 187,000 in July). The days leading up to this report have had some not-so-great job-related data, like the JOLTS and ADP reports. This has heightened expectations that the NFP might show fewer jobs than expected. The US...
The 4-hour chart on the EUR/USD displays a possible bearish bias, but there are some indications of consolidation after the small rebound observed on Friday. At present, the price is lingering around the 20-day Simple Moving Average (SMA). To improve its bullish outlook, it would be necessary for the Euro to hit 1.0840 and for other technical indicators (that have...
From now till US session, we will follow SELL plan. Any upward movement will be chance to sell more. New entry: sell 1936-1939 , sl 1954 TP 1927-1922-1915.Add sell limit at 1943-1946 ( big volume ) if it can retest to this high level technical materials: Fibonacci retracement + price action
Considering the inability of gold to break the 1940 range and return from this range, if confirmed, you can enter a long position. The goal of price growth is the range of 1970 and then 1980.
Hi Traders! The Nonfarm Payroll (NFP) announcement came in at 205K, which was weaker than the expected number of 225K, and the markets have reacted quite strongly to the news. This could be a possible reversal of the bullish trend we have seen for the US dollar, and it will be very interesting to see what the Federal Reserve and other finance officials say about...
7th July DXY: could retest 103.50, likely to return to range between 102.80 and 103.40 NZDUSD: Sell 0.6115 SL 20 TP 60 (Good NFP) AUDUSD: Sell 0.6620 SL 20 TP 60 (early entry, slightly higher risk) USDJPY: Sell 142.60 SL 30 TP 90 (DXY weakness) GBPUSD: Buy 1.2710 SL 25 TP 60 (DXY weakness) EURUSD: Sell 1.08.40 SL 20 TP 60 (DXY strength) USDCHF: Could...
Today's NFP report will be the main reason for smart money to push USDCAD up. We already see positive bullish signs on 4H. I believe that the pair will grow. Target level - 1.35 Please, support my work with like!
Hi Traders! Our GBPUSD triangle break idea on 31/05/2023 broke out but not in the direction we anticipated (PLEASE SEE LINK TO ORIGINAL IDEA BELOW). After a support test to the downside of the triangle, we had a very strong bullish momentum swing to the upside with a break and close to the upside of the triangle resistance. Our upside Vector resistance level of...