Gold has a high chance to act bearish on Monday 15th Jan '24, because of US holiday, USD global demand may have been risen. So Strong USD hashigher chance to make a bearish momentum on Gold tonight.
On the FX market, the USD recovered in the US session after weakening in the first half of the trading day, despite the report that last week's unemployment claims exceeded expectations (218K vs 211K forecast) and sales December pending home sales in the United States disappointed (unchanged compared to forecast +0.8%). At the end of the session, USD increased on...
The new governor of the BoJ, Kazuo Ueda, has not made drastic changes in monetary policy as expected, causing the Japanese yen to weaken against the USD in 2023.
Positive signs appeared in November when the USD/JPY pair fell and bond yields also fell, raising hopes that the BoJ was about to change policy.
The BoJ is expected to make an important policy decision...
USD weakened, JPY and antipodeans led the rise
Asian stocks fell, with futures on the S&P 500 index up slightly by 0.07%
US 10-year bond yield falls 1.7bp to 3.88%
Gold increased 0.5% to around $2063/oz
WTI oil increased 0.2% to above $73.70/barrel
Bitcoin accumulates around 43.5K
Investors continued to digest November PCE and December Consumer Sentiment data...
The dollar index and dollar index futures both traded flat during the Asian session on Tuesday, but marked strong recoveries from four-month lows over the past two sessions.
A series of Fed officials said that although the bank will cut interest rates in 2024, expectations of an imminent shift are unfounded.
Chicago Fed President Austan Goolsbee said the bank...
New Zealand's manufacturing PMI, also known as the BNZ BusinessNZ Manufacturing Performance Index, jumped from 42.9 points in October to 46.7 points in November and hit a 6-month peak, but is still in the range narrowed and was the 9th consecutive month below 50 points.
Reuters reported:
The tax reform council of Japan's ruling Liberal Democratic Party has agreed to reduce income taxes to compensate households suffering from soaring prices and support a change in the deflationary mindset that has pervaded the country. past decades
The move is also intended to encourage a healthy growth cycle driven by private sector demand, with...
2023.6.1 Will the stock price of C3.ai weaken in three weeks?
This chart shows the weekly candle chart of C3. ai's stock from its listing at the end of 2020 until now. The graph overlays the lines between the highs and lows of the past two years, the lines between the lows and lows, and the horizontal line of the strongest pressure level closest to the current...
STOCK IDENTIFIED
BLS INTERNATIONAL
the stock is in good bullrun
Get consolidate for around 180-190
Good triangle pattern formed
Good Take support at 50 days moving average
currently at breakout level
#Breakout
Entry details are shown on the chart.
Working the M45 time frame on this strategy.
We're only looking for TP3.
In some draw down at time of posting.
I don't mind I trade my strategy knowing I have a back tested proven edge.
Trade history can be seen below this trade idea too for full transparency.
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I try and share...
Quick update for the idea I covered below on Friday.
This trade presented late on Friday and hit the desired target at 8am UK time I was logging on this morning.
Friday isn't famed for being a big trading day and as a UK based trader once upon a time I wouldn't of taken this trade so late on.
All my trading is automated now and even trades presenting late...
Working our M30 NZDUSD strategy here.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen...
Hello Traders
Hope Sunday and the much needed rest is treating you all well.
I spend parts of my Sunday looking back at the prior trading week. In doing so I've decided to share some ideas on completed trades and the methods I trade our script.
Going forward during the week I'll look to post more live ideas as our script present them on the charts. At...
Hello everyone!
Since end of July the price is stuck between 1,16-1,20 price zone and EURUSD is trading sideways, however the trend on higher timeframe is still bullish .
Recent price action indicates that there was a possible false breakdown below 1,17000 price and we might see further weakening of the greenback .
1,17400 - 1,17770 is the closest price...
www.tradingview.com
AUDCAD achieved our bullish target last week at 1.02542 for a total of 227 pips. However the outlook is still bullish and we believe more upside momentum is to come. Target is 1.03681 first. Price close below 1.00984 will invalidate this view.
Price Action is entering an area which caused a large move away in the higher time frames. I've zoomed in and found a promising opportunity to sell.
If time/schedule permits I'll watch for an opportunity to trail stop.
