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CPI

EUR/USD rose from a two-week low Ahead of EU CPIEUR/USD rose from a two-week low as the dollar fell and rose for the first time in four days. Technically, the upward trend intends to regain the 10-day moving average on the daily chart. The Job report in Eurozone and the United States will be released within the day to see if it is good for the EURUSD to continue to break through and close to 1.11. However, investors should focus on the Fed’s decision and guide the dollar affected the EUR.
Long
by ATFX_Global
Long GBPJPY ideaAs we have UK CPI on Wednesday this long could be just an intra-day punt. Looking for a drop down into the imbalance and then a sweep of the recent swing high. There is a double bottom just below the entry hence why I am not really bullish. The news could be used to sweep those lows and maybe a pushed further down. Going to stay nimble. The USDJPY held up today, while the EURJPY and GBPJPY made an attempt to drop. IF we get direction in the UJ I'll use that as my lead for how much to bet on the GJ
Long
by Macrobriefing
GBPUSD - D/4H Technical Analysis Hi traders! I'm excited to share with you a detailed video analysis of GBPUSD on the Daily and 4H timeframe ahead of the CPI news for the USD. While on the Daily TF, we're experiencing a bearish trend, we recently reached an important OB area which could indicate a possible 4H drop or pullback that may push the price down soon. However, it's important to note that there is still a possibility for a 4H bullish impulse that could break the recent top. For now, our focus will be on the sell setups. I want to remind you to trade with caution and avoid trading during the news event. If you happen to get a sell setup, try taking it after the news has cooled down a bit. Also, keep an eye out in the comment section as we will keep you updated with our analysis. Keep up the great work and happy trading!
Short
by financialflagship
AUDNZD Outlook 20 April 2023The AUDNZD continues to trade higher as price respects the uptrend and maintains within the upward channel. Most recently the price bounced strongly from the horizontal support level of 1.0810 and the bottom of the channel to trade up to the 1.0890 resistance level following the release of the NZ CPI q/q data at 1.2% (Forecast: 1.5% Previous 1.4%). A slowdown in inflation growth could reduce the need for the RBNZ to continue with further interest rate hikes. While a continuation of the uptrend is expected, watchout of a possible brief retracement at the current resistance level or at the top of the channel. Continuation of the upside is likely to require further weakness on the NZDUSD. Ideally, look for buying opportunities after a retracement on the AUDNZD.
Long
by JinDao_Tai
1
NZDUSD ✨ CPI News Trade ✨ q/qAn Anticipatory Analysis of Price Action (5) TP3 @ 0.7100 (close trade) (4) TP2 @ 0.6700 (shave 25%) (3) TP1 @ 0.6450 (shave 25%) (2) BSO @ 0.6225 📈⏳ (1) BLO @ 0.6105 📈⏳ ADDITIONAL INFO: 1️⃣ If the PA (Price Action) PB (pulls back) during the NZD News on Wednesday evening, we should be able to capture the UT (uptrend) with this Buy Limit Order 2️⃣However, if PA continues the UT, then we'll be "good to go" with the Buy Stop Order 3️⃣This is our first chance to profit. I picked this price because there is a wick-over-wick (8D) that may work as a pullback, so let's put some money in our wallets and chop off 25% of our investment at Take Profit 1 4️⃣This is our second chance to make a buck. I picked this price since there is a Major Resistance level (6D) that might work as a retracement, therefore we need more money in our wallets before PA arrives. An additional 25% will be shaved at Take Profit 2 5️⃣This is our third chance at making a profit. This is where we quit the ride, cancel all of our remaining buy positions at Take Profit 3, and prepare to short this thing since there is a Major Supply Zone @ 0.6715 (8D) that has a strong likelihood of reversing the trend to a short position
Long
by ProfessorCEWard
GBPJPY Technical Analysis 19.04.2023 1h chart– Previous Daily candle closed Bullish at 166.530 breaking above the previous Weekly High. – Buys on close above 166.900 targeting 30min Resistance formed on 16th December 2022 at 167.230, Leaving Runners to the Daily previous Support formed on 14th December 2022 at 167.660. – Sells on close below 166.450 targeting 4h Support at 166.240, Leaving Runners to the Daily Support formed at 165.930. – High Impact News data ahead for the Pound Sterling at Pre London for the CPI y/y forecasting 9.8% / Previously was 10.4%, High Volatility expected at the London Open.
by SalimFX20
The Dollar battle continuesAn interesting view of the recent downtrend in the Dollar (specifically highlighted on USD/CAD) is that with each subsequent rise in Fed rate expectations, the Dollar has seen further weakness. The Fed funds futures were showing a 25% chance of a hike on March 24, as the banking crisis swept the headlines. A week later futures were signalling a 58% chance, which rose to almost 70% after the employment data on April 7. Today they are showing an 85% chance of a rate hike, yet the weakness continues. The 2 hour chart highlights this well with the longer downtrend line starting on March 24th, when sentiment was at it lowest. Since then we've seen a 5 day up move that failed after a bullish pop on Bank Holiday Monday, followed by a 2 day up move that looks to be breaking today as we once again look to be failing on a micro trend line. Today however we do get CAD CPI which is the other side of the equation, expectation is for 0.6% on a previous of 0.4% which did result in an 85 Pip move to the upside. The last time CAD CPI was higher than expected was on Dec 21st, so I think the possibility of a lower figure is high as the Canadian economy continues to handle inflation well. From a technical perspective CAD1.3400 area corresponds to the 38.2% retracement of last week's decline and houses the 200-day day moving average.
Long
by RuckSack
1
I cannot cannot short this...Today's CPI data (down to 5.0% from 6.0% YoY) created interesting and actionable price action this morning... more on my thoughts about it later. Technically the data release created a Spike Alert by punching through the pre-market high and then closing back inside it before the cash open. This is happening within two important contexts: A double top for the price action of April's highs The 4155.25 level which is the most important level of 2023 4155.25 is the 50% Retracement for the entire 2022 bear market. This is THE level which the S&P 500 has been holding all year and stubbornly refusing to break higher. The first time it was hit was the December 2022 CPI data. That signaled the December bear trend to yet another key 50% Support. The next time was the top of the January 2023 rally that got everyone excited. Following the recent February/March malaise price is once again testing this level. The CPI data release has very much driven the highs and low (October CPI being the major bottom) for the last many months. Inflation, and how the Fed handles it, has driven this current era of the stock market (and all risk assets). While the news is that inflation is coming down it is still well above the Fed's target 2.0% rate. There is no guarantee or sign that the Fed will change its mind. Yesterday I sat in on a presentation that juxtaposed the current GDP numbers (which have been recently positive) with the LEI (Leading Indicators) which are sending up a recession signal. I am ALWAYS hesitant to take FUD into account in my analysis. However, the signal is the signal. The trade of this post is based upon a confluence of four factors (news event, spike, double top, 50% Retracement). My rules state that I must trade this... win or lose. The LEI is also a signal that has a high probability of efficacy. It should also be heeded.
CME_MINI:ES1!Short
by norok
39
NQ - Interesting area!NQ - Interesting area! CME_MINI:NQ1! GLOBALPRIME:NAS100 Another key resistance area Highs: 13248.75 Lows:12957.00 Currently we are still within the ranges even though we've had CPI print we did escalate higher, but couldn't go above key resistance of: 13230 areas we could need break higher above that resistance to go towards levels of 13347.00. However, if we are to break below the lows I expect 12800 areas to be key support that could be reached! Pay attention! Trade Journal
CME_MINI:NQ1!
by Trade_Journal
ArmanShabanTrading |🔴 XAU/USD : Agree?The possible trend of gold in the 4-hour time frame is indicated on the chart, from the current area, there is a possibility of further correction of the price, but be careful that in a few hours we will have the CPI statistics and the Federal Reserve meeting, which can bring the market with high volatility , Pay attention to the supply and demand levels specified on the chart and you can enter trades in the specified zones with the appropriate trigger! OANDA:XAUUSD Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 04.12.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FX_IDC:XAUUSDShort
by ArmanShabanTrading
29
DXY Potential Forecast | Post CPI | 13th April 2023Fundamental Backdrop 1. CPI m/m printed 0.1% compared to forecasted at 0.2% 2. Fed hikes effects really slowing inflation down 3. USD fell shorting after, signifying the slowing down of inflation at a faster pace than what the market has been pricing in. Technical Confluences 1. Price rejected off resistance at 102.8. 2. Price looks good to form a new higher timeframe low and continue its bearish trajectory. 3. There has not been a strong confluence for any longs on the DXY thus far. Idea We are looking for price to continue its bearish trajectory till 101.67 and the probability of it forming a new low is now high. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYShort
by OlympusLab
DXY Outlook 13 April 2023The DXY broke down from the 102 support level (now turned resistance) following the release of the US CPI data overnight. CPI y/y was released at 5% which indicated a consistent slowdown in inflation growth for the US, leading to increasing market expectation that the Federal Reserve is likely to pause on further interest rate hikes (hence the significant move lower on the DXY. Currently trading at the 101.50 price level, the DXY is likely to consolidate along this price level before continuing with the downtrend toward the next key support level of 100.85. However, watchout for a brief bounce on the DXY, with the 23.6% fib retracement at the 101.77 price level providing possible interim resistance.
TVC:DXYShort
by JinDao_Tai
1
🅱️ Bitcoin Grows 96% | CPI Release 12-April + Ethereum UpgradeBoth the Ethereum hard-work and the CPI numbers being released are considered negative events for the Cryptocurrency market and the world at large. Let's see what the chart has to say. On chart we have the CPI numbers starting October 2022, released November 10... Notice that every time the CPI numbers are released Bitcoin goes up (within the same month)... Ok, let's get started. 11 Days after the October CPI numbers were released Bitcoin hit bottom and has been growing since. 13-Dec. the CPI numbers were released, Bitcoin dropped for three days staying within a higher low and continued with its intended course, up. 12-Jan. the CPI numbers for December 2022 were released and Bitcoin continued with its intended course, straight up. 14-Feb. the CPI numbers for January 2023 were released and Bitcoin gained speed and hit a new 8 months high, total growth exceeding 60% since the Nov. bottom/low. A correction followed after this new high... It is normal to see a correction after strong growth, the market moves in waves. Now, Bitcoin has grown by a massive 96.5% since its November 2022 bottom/low and March's CPI numbers will be released tomorrow together with the Ethereum upgrade. How will this affect the market? Corrections are normal and happen all the time. We are likely to see a drop that ends up in a higher low just as it happened from mid-February through mid-March. This drop might be much smaller or we might not get a drop at all maybe just a few days red and then new highs... The release of the CPI has been positive for Bitcoin so far, we have to wait and see. Do you agree or disagree with this analysis? Share your thoughts in the comments section below. Remember, corrections are normal and if Bitcoin and Ethereum drop a little bit, the other Altcoins can grow... Positive all-cross. But if the numbers are good, they can all continue straight up. CPI Conclusion | Irrelevant The overall dynamic is pretty simple. Bitcoin hit bottom and after the bottom is hit the only place left to go is up. The CPI numbers are released Bitcoin goes up. The CPI numbers are released Bitcoin enters a correction. Either one or the other but since the trend is up we continue getting higher highs and higher lows, regardless of the CPI. Before the CPI numbers are released, Bitcoin grows. If the CPI numbers are good, Bitcoin continues growing. If the CPI numbers are bad, Bitcoin can correct just to continue growing. That's what we have so far since the November bottom/low has been hit. Namaste.
INDEX:BTCUSD
by MasterAnanda
28
US30 shortSharing my analysis and waiting patiently to enter US30 Short. As you can see, US30 is advancing to the Supply Zone, where it has to fill the imbalance in both 4Hr and 1Hr, hence looking forward to enter on a pin point zone where we can scale the profit towards the Demand zone taking out couple of imbalances. taking partials at 6.82R where as we scale unto 9.28R. Getting all set for the CPI and expecting the market to play accordingly. Safe Trade. Cheers Fxgoldsniper.
UShort
by Europeanbulls
2
US CPI and BoC Rate Today!A 6 day up move was broken yesterday with the Dollar falling below local support at 1.34900. The losses have continued today, however price looks to be holding as the market awaits the CPI and BoC rate news at 1:30pm and 3:00pm respectively. The Bloomberg's survey median forecast calls for a 0.4% increase in the core rate which if correct would lead to the expectation of a Fed hike once more this year. From a technical perspective the key levels to watch are 1.35600 and 1.34100, which is the top and bottom of the 6 day move. Looking back at recent CPI releases, the reaction has been relatively muted if there isn't a big surprise. However if the data does surprise a 100 pip move isn't uncommon.
by RuckSack
1