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Bitcoin Signal Is Doing WellGood day guys! I am updating you all on this trade. We are still holding this buying signal, since last week. Make sure to push your SL into profit. I would say around the .786 fibonacci level or 57934.30 price level. This trade turned out to be tremendous for us and those who took the signal. We do see more bullish momentum to the upside, however, a good pullback could come. Remember to secure your bag. Be sure to like and leave a comment below. We appreciate you for checking out our post and remember, we will see you on the other side. Rodrick (CEO) Third Eye Traders
BITSTAMP:BTCUSDLong
by ThirdEyeTraders
Gold: Just some infosHi Guys, what's your view on Gold? Are we at the beginning of an uptrend like the one started in 2008 following the Global Financial Crisis or are we at the top already? Please leave a comment and a thumb up if you like the structure. Thank you for your support and for sharing your ideas. Be good!😉 Cozzamara Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
OANDA:XAUUSD
by cozzamara
3
March rate cuts had nothing to do with COVID...but the pandemic offered pretext to take dramatic action when it was already needed. When J. Powell started announcing rate cuts after the late 2019 'taper tantrum', nobody was surprised, either by the cuts or their size. These were modest cuts announced in successive FOMC releases. All seemed normal and the market appeared to take a breather on slightly lower rates. Then something peculiar happened in March 2020. Powell announced quite large rate cuts, not once, but twice, in two weeks, outside of the FOMC schedule. The pretext of course, was the pandemic, but the timing might suggest otherwise. Looking at the band of yields, you can see that the curve was already collapsing in January and February. The histogram displayed with the yield band is a composite indicator of all yield curves, each duration being weighed against the next. It appears that the rate cuts announced during FOMC after the 'taper tantrum' were insufficient to set the curve free, and it was still collapsing under higher rates. Powell needed to act quickly and aggressively. The pandemic offered the pretext of an outside threat to the economy. A one-off black swan event. This allowed taking action without having to explain that the bond market was already in deep trouble. The timing of the out-of-schedule rate cuts were both on days that the US10Y broke below key support.
TVC:US10Y
by iamroot
1
Japanese yen flirting with 109The Japanese yen is almost unchanged in the Monday session. Currently, USD/JPY is trading at 108.74, down 0.09% on the day. The Japanese yen remains vulnerable and the symbolic 109 level is under strong pressure. The dollar has had its way with the yen in 2021, as USD/JPY has jumped 5.5% this year. Last week, the pair climbed to 109.36, its highest level since June 2020. The yen is particularly sensitive to rate differentials between the US and Japan, so the increases in US yields are putting strong pressure on the Japanese currency. The 10-year Treasury yield enjoyed another strong week, rising to 1.72% on Friday. Although the 10-year bond has retreated to 1.67% on Monday, the trend remains positive for bonds, which likely spells more trouble for the shaky Japanese yen. This week has more than 100 billion dollars in government bond auctions, which will test the market's appetite for bonds following last week's Fed policy meeting. In Japan, the equity markets are sharply lower after the BoJ widened its JGB trading band and tweaked its ETF guidance at its policy meeting on Friday. BoJ Governor Kuroda didn't surprise anyone when he said that monetary easing would continue for a long time. The bank has opted to make some tweaks rather than overhaul its monetary policy, and for this reason the bank's inflation target of 2 percent is likely to remain a bridge too far for the foreseeable future. Later, the bank releases BoJ Core CPI, its preferred inflation gauge (Tuesday, 5:00 GMT). The market will be again paying close attention to the Federal Reserve this week. Later on Monday, Fed Chair Powell will participate in a panel and we'll also hear from FOMC members today and on Tuesday. Powell will testify on Tuesday and Wednesday before Congress, together with Treasury Secretary Yellen. The topic of Powell's testimony is the CARE Act for Covid relief, but investors will be looking for any comments related to higher bond yields or inflation. Any remarks in this regard from Powell or Yellen could shake up the US dollar. USD/JPY is currently range-bound. On the downside, the pair is putting pressure on support at 108.55. Close by, there is support at 108.20. There is resistance at 109.30, followed by resistance at 109.70
by OANDA
How to trade the US Dollar Index based on US FED policy actionsYesterday JPowell was very dovish. In summary, it's clear that the FED will use every tool necessary to achieve full employment. This implies that he'll let inflation run hot above 2% for a while. The recent rise in the US 10 YR yield indicates inflation is coming. However, JPowell said that he won't use tools to raise rates to follow the yield curve yet but implied that the FED may extend treasuries maturities should higher yields negatively affect unemployment numbers. Unemployment is still high. How to ride this out JPowell seems to think that the upcoming inflation will be transitional. He also expects the GDP growth to hit 6.5% by the end of this year. In addition, increasing vaccination will boost reopening economies around the world. Therefore, I expect the US Dollar to be strong for a while before heading lower. This play has the least resistance and current economic conditions support this. However, the US Dollar may immediately head lower as more money is introduced into the system. The FED will continue with QE as stimmy cheques hit banks this week.
TVC:DXYLong
by GrizzlyBearBee
SPX - Dot-Plot Eve: Diamond Top or Continuation Pattern to 4K?Diamonds serve as both continuation and, at a higher rate, reversal patterns. Both NAS and SPX have put in Diamonds to consider as we await the Fed consensus on a rate increase in 2023. It is said that the market is forward pricing instrument. The last time we saw rate hike confirmation it took the Christmas Miracle's dovish kick-save to stop the drop. Tough spot for Chairman Powell, I am having a tough time imagining a short-term winning narrative.
FX:SPX500
by Pennywick
Aussie yawns after RBA minutesThe Australian dollar is having a quiet Tuesday session. Currently, the pair is trading at 0.7744, down 0.14% on the day. The RBA minutes were a non-market mover on Tuesday, as there were no surprises from the central bank. The committee remains focused on employment and wage expectations. The minutes noted the sharp appreciation in the Australian dollar since November 2020, adding that the currency was "lower than it would have been otherwise as a result of the Bank's policies." The committee reiterated that they did not anticipate raising interest rates prior to 2024. This dovish stance is consistent with the Federal Reserve, which has said it does not plan to raise rates prior to 2023. Lowe wants to see inflation move up to the bank's target of between 2% and 3%, and only then raise rates. The federal government does not appear to share the RBA's stance on stimulus, and this divergence could become a concern for investors. The central bank recently extended its QE programme, which is a crucial component of its ultra-dovish monetary policy. However, the federal government wants stimulus to be tapered and let the private sector shoulder more of the recovery. Last week, RBA Governor Lowe acknowledged that low interest rates had fueled the housing boom, but insisted that the bank would not change its policy based on housing market considerations. As for the housing market, the House Price Index jumped 3.0% in the fourth quarter of 2020, up sharply from 0.8% beforehand. This easily beat the forecast of 1.9%. The housing market has been red-hot, and both the RBA and the government will have to keep a close eye on this sector. AUD faces resistance at 0.7832, followed by resistance at 0.7906. On the downside, there is support at 0.7652, with the next support level at 0.7546
by OANDA
Australian dollar dips, RBA minutes nextThe Australian dollar is in negative territory in the Monday session. Currently, the pair is trading at 0.7739, down 0.29% on the day. The RBA releases the minutes of its March meeting early on Tuesday (00:30 GMT). At the meeting, policymakers maintained the Cash Rate at 0.10%, where it has been pegged since November. The RBA statement pledged that the record low rates would stay in place as long as inflation remained below the target level of 2 to 3 per cent. The statement noted that the current monetary policy is "continuing to help the economy by keeping financing costs very low" and is "contributing to a lower exchange rate than otherwise". The RBA has watched with concern as the Australian dollar has appreciated sharply against the US dollar, with the Aussie punching above the symbolic 80-line earlier in March. The RBA prefers an exchange rate below the 80-level, in order to maintain price stability and protect the critical export sector. The RBA has been very clear about future monetary policy. At the March meeting, RBA Governor Lowe said that the cash rate is very likely to remain at its current level until at least 2024.” This dovish stance is consistent with the Federal Reserve, which has said it does not plan to raise rates prior to 2023. Lowe wants to see inflation move up to the bank's target of between 2% and 3%, and only then raise rates. Investors are also keeping an eye on the Federal Reserve, which holds its policy later in the week. The message to the market is expected to be dovish, given that the Fed has said it does not anticipate raising rates before 2023. With the US recovery gaining steam, investors will be particularly interested in the Fed's dot-plot, which is a signal of the Fed's expectations of future interest rate changes. AUD faces resistance at 0.7832, followed by resistance at 0.7906. On the downside, there is support at 0.7652, with the next support level at 0.7498
by OANDA