Preferred direction: BUY Comment: After the Fed meeting, as we expected, the US currency strengthened based on the results of the press conference and comments from the regulator. However, the growth of the dollar is already approaching its end and most likely now we need to take a closer look at medium-term purchases. We are now considering two main long...
Non farm payroll is today and my projection for GBPUSD is that it will long, but for that to happen, I am projecting a retrace to the 50EMA where it is our area of interest before it buys to 1.27588.
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...
Preferred direction: BUY Comment: A deeper downward movement is expected today for metals than for the same currency pairs. That is, this is most likely a deeper false breakdown downwards. In particular, for gold, this is a movement towards the support level of 1981.683 , touching which is not excluded. However, especially in the more medium term, another...
Preferred direction: BUY Comment: The British currency also retains its purchasing potential. The situation is largely similar to the situation for the euro (there is also a setup before the NFP for EURUSD ). Here, our previous idea of going long is in progress, but we do not exclude false downward movements against the background of increased volatility,...
Preferred direction: BUY Comment: The long-awaited ⚡️ NFP ⚡️ is about to arrive, and in the meantime, our previous idea of going long on the EURUSD currency pair is still relevant. Before the release of data on the US labor market, the market is very calm, absolutely everyone is waiting for the American session. Today we will consider two scenarios for the...
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...
Forecasting and strategy TVC:GOLD : Gold price portrays the routine consolidation ahead of the United States Nonfarm Payrolls (NFP) while easing to 1,940$ amid the early hours of Friday, after reversing from the highest level in a month the previous day. In the near term, and according to the 4-hour chart, the risk skews to the downside. Technical indicators...
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...