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EUR/USD likely to fall!Hey tradomaniacs, EUR/USD has shown a fakeout to the upside with a fast reversal showing sellers are trying to fool buyers in here. Previous news were hawkish but so far we see a risk-off-tone in the stockmarket which is likely to keep EUR under pressure. However, lots of sellers coming in at this spot and orderflow is currently pretty bearish! Please keep in mind that all trades are risky today due to less volume. Lots of holidays and closed bond-market ahead highly awaited news this week! Let`s see =) Good Chance!
Short
by Trading2ez
US-DOLLAR (DXY) at Support!..AnalysisHey tradomaniacs, DXY (US-DOLLAR-INDEX) is currently re-testing the primary trendline aswell as support-zone. Question is will it hold or not? I can tell you it is tricky due to the new expectations the market prices in in uncertain times. What do we need for a bullish US-Dollar? 1. Risk-Off in stocks 2. Rising Yields / Falling Bonds Fundamentals: So far the market has reacted to different circumstances such as the Ukrain-War but first and foremost the inflation and the answer of our Central Banks. The market has never seen such a shift in monetary policy and multiple rate-hikes in this dimension. This is of course very concering as the Central Banks (Drug Dealer) takes away all the drugs (liquidity) the market is addicted to. Since the Corona-Rally is based on money-print-waves aswell as low rates it was more than clear that we get a bear-rally with the annoucement of Biden to fight inflation, no matter what it takes. (Ofc as it was his promis to biden to get a second period) However, now we have a scenario where the world is getting concerned about all the rate-hikes and their impacts. The first very critical situation appeared in the UK where Central Banks were forced to adjust the monetary policy. Now we have seen a lower rate-hike in Australia...this could become a "trend" of the CBs as they could take a step back and wait for the impact of recent rate-hakes. Trends like that can be quickly priced in the market... Yesterdays ISM-Results from the USA caused a pump in stocks as the market begins to bet the FED won`t come up with such high rate-hikes as announced to support the obviously slowing down economy. This is again a BET against the FED and Jeromes statements. I guess the market will look at the NFPs this week to evaluate whether it is more likely to get the promised rate-hikes or not. A decent job-market could give the market the impression that rate-hikes as planned are possible and we see a rising US-Dollar. A worse job-market could confirm the markets expectations (as economy aswell as jobmarket suffers) and we see a falling US-Dollar. Technically a great spot to go long but as long as SPX&Co continue to move up we will see a weaker US-Dollar. In Mid-term I expect the US-Dollar to rise again as recession is coming closer and closer (See Yield-Cuves). What do you think?
TVC:DXY
by Trading2ez
1
SPX500 getting absorbed by sellers!Hey tradomanics, currently we see an inceberg-order and absorptionat the top of the day. As long as aggressive sellers dont appear price wont drop as limit-orders can`t move the market, but we know we have a strong resistance here! Overall a fakeout-zone so watch this price carefully! A another fakeout above this orderblock could provide more liquidity to the sellers. Current situation is not very clear but buyers tend to exthaust so a drop is likely! What do you think?
FX:SPX500Short
by Trading2ez
4