Mid Term - Range _______________________________________
Apr/May Central Bank Meeting Update: ECB - Neutral BOJ - Dovish FED - Neutral BOE - TBA RBA - TBA BOC - Neutral (Refer USD for Direction)
___________________________________ Price did not tag the initial Target Area and reversed. With the recent data releases; FOMC, NFP & Services Data, I am slightly bearish USD [Est DXY 104 | Test Cloud Support] next week and going into US CPI in the following week. The US economic calendar is light next week.
Comment
Apr/May Central Bank Meeting Update: ECB - Neutral BOJ - Dovish FED - Neutral BOE - TBA RBA - Neutral / Mixed BOC - Neutral (Refer USD for Direction)
Comment
Apr/May Central Bank meeting: ECB - Neutral BOJ - Dovish FED - Neutral BOE - Bearish Vote, Neutral Fwd Guidance / Mixed RBA - Neutral / Mixed BOC - Neutral
Comment
Analysis Week - 13 May 2024
Daily - Range Cloud (D) - Above Cloud
Weekly - Range Cloud (W) - Above Cloud
Mid Term - Range
Looking for CPI to provide fresh direction for USD | DXY - Favouring fresh USD shorts if CPI release is weaker, with a combination from a softer FOMC, NFP & Services Data - In the event CPI release is better than consensus, will take trades according to corresponding price action
Order cancelled
Short term bearish USD with the recent CPI release. Looking for DXY to test 104 and trendline. Will update new analysis on a new post moving forward.
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