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FOMC

✏️ PPI & FOMC's effect on $GOLDWell, as you can see , yesterday, after the announcement of the CPI and the release of the initial excitement, the price fell and entered the modified order block that we specified (from $1939 to $1946), after the price fell to $1940, we saw that the price With a corrective move, it grew up to $1953, now the price has entered the range of $1946 again, and considering that today we have important news ahead, we have to wait for the next price move! Personally, I expect the initial fall of the dollar index, which can cause the growth of gold! Don't Forghet To Push The Boost (Like) Button and Follow Me for More ! Best Regards , Arman Shaban
OANDA:XAUUSDLong
by ArmanShabanTrading
35
12/06/23 Weekly outlookLast weeks high: $27401.2 Last weeks low: $26363.7 Midpoint: $25326.2 A massive week in the markets this week: Tuesday - US inflation data to be released tomorrow (Inflation rate YoY, MoM and core inflation YoY.) Wednesday - PPI MoM, FED interest decision, FOMC economic projections & FED conference. Thursday - Initial jobless claims & US retail sales All these events happening so closely together signals huge volatility to be expected. This coupled with the SEC news the crypto space is balancing on a knife edge. We've already seen alts bleed extensively but BTC and even ETH have yet to seen similar sell-offs. Perhaps we will see it this week. As it stands price is near last weeks low, with the incoming volatility I think we can safely assume that price will break lower, it's a question of how far below it will go.
by ProR35
$SPY - A Blip to the Extended RallyAMEX:SPY continues its strong stock rally following the #FOMC announcement, squeezing shorts and maintaining a daily relative strength (RS) of 77 as bond yields fall. Momentum remains robust, but technicals are starting to suggest a pullback is overdue. Pre-market conditions appear relatively flat, so we'll have to wait and see. I expect a meaningful decline towards the $430 level starting next week with TVC:VIX showing signs of a spike and especially after witnessing a month of upside movement.
AMEX:SPY
by theapearmy
GOLD: awaiting the FOMC decisionIn a few hours we will know if FOMC decides to raise interest rates by 25bp or if there will be a pause in monetary policy. Having said that, if we look at 1H chart we still have the same technical structure (see analysis below), which is still valid at the moment. With this in mind it would be great if TVC:GOLD triggered a swing as shown on chart (first bearish then bullish), I say that because I really like the Pin Bar at 1,971 . What will happen on gold market? In the short term it's hard to say, but today's session will certainly be our driver for a few sessions/weeks. PREVIOUS ANALYSIS (Click on Chart below) FUNDAMENTAL ANALYSIS (Long term) (Click on Chart below) PRE-FOMC ANALYSIS (Click on Chart below) Trade with care! Like 🚀 if my analysis is useful. Cheers!
OANDA:XAUUSD
by TheAnonymousBanker
3
FOMC REPORT : Stocks, Bonds, BTC & GoldHi Traders, Investors and Speculators of Charts 📈📉 Did you miss the 2023 June 13/14 FOMC meeting? No worries, CryptoChecks' got you covered. Here's a summary of what happened and how the outcome of this meeting may affect the respective markets. First, let's clearly understand the FOMC meeting and it's importance to investors. The Federal Reserve, also known as the Fed, is the central banking system of the United States. It guides the country's monetary policy and influences the economy. The Fed's announcements and statements are closely watched by traders and investors because they can have a significant impact on financial markets. The Federal Open Market Committee (FOMC) is a committee within the Fed that makes decisions on monetary policy. It consists of twelve members, including the seven members of the Board of Governors and five Reserve Bank presidents. They meet eight times a year to discuss and set policies. FOMC meetings are important events for traders because any changes in interest rates can affect various economic factors, such as employment, inflation, and exchange rates. The meetings occur every six weeks, and some include a Summary of Economic Projections (SEP) and a press conference by the Fed Chair. Traders pay close attention to the Fed's decisions and statements because they provide valuable information about the state of the economy and future policy changes. Now, let's look at what was said in this FOMC meeting: The Federal Reserve decided to pause its series of interest rate hikes at its June meeting, following ten consecutive increases. While the central bank expressed optimism about curbing inflation, the battle is not yet over, and further rate hikes may be on the horizon. Important facts: 🏛 The Federal Open Markets Committee (FOMC) announced that the federal funds target rate would remain unchanged within a range of 5.0% to 5.25% during the June meeting. This marks the first policy meeting since the start of the Fed's tightening cycle in March 2022 in which interest rates were not raised. 🏛 The Fed confirmed its plan to continue reducing its balance sheet by allowing up to $60 billion in Treasury securities and $35 billion in agency mortgage-backed securities (MBS) to roll off each month, employing quantitative tightening to combat inflation. 🏛 Fed Chair Jerome Powell acknowledged the challenges during the press conference and highlighted the uncertainties surrounding the effects of monetary policy on the economy and potential credit tightening headwinds. Despite the pause, it does not indicate the completion of the Fed's interest rate hike cycle, and further increases may be necessary. 🏛 The Fed has been attempting to navigate the challenge of curbing inflation without causing a recession by gradually raising interest rates. Higher rates increase borrowing costs for businesses and consumers, slowing down economic activity. 🏛 The consumer price index (CPI) rose by 4.1% annually in May, down from the 4.9% gain in April, which was the highest in 40 years. The core personal consumption expenditures price index, the Fed's preferred measure of inflation, increased by 4.7% in April, slightly up from March but lower than the 2022 peak of 5.3%. The long-term target for core PCE inflation is 2%. 🏛 The tight U.S. labor market has posed challenges in the fight against inflation. In May, the U.S. economy added 339,000 jobs, surpassing expectations, and wages increased by 4.3% year-over-year. The unemployment rate rose to 3.7% but remained near historic lows. 🏛 Powell indicated that further rate increases might be necessary to gradually bring inflation down to the 2% target. _____________________________ Overall, the potential impact on stocks, commodities, and bonds could look as follow: Stocks: The impact on stocks can be more nuanced. In general, a steady interest rate environment can be positive for stocks. Lower rates can make equities more attractive as an investment option compared to bonds or other fixed-income assets. It can encourage borrowing for business expansion and investment, potentially boosting corporate earnings and stock prices. However, if the market was anticipating a rate cut or an increase, a decision to keep rates unchanged might cause some short-term volatility or adjustments in stock prices as investors reassess their expectations. This could positively impact stock prices, especially in sectors that are sensitive to interest rates, such as technology, consumer discretionary, and housing. Commodities: When interest rates remain steady, it can provide stability and potentially support commodity prices. Lower interest rates generally make borrowing cheaper, which can stimulate economic activity and increase demand for commodities. Conversely, higher interest rates can have the opposite effect, potentially dampening demand and putting downward pressure on commodity prices. Bonds: The pause in interest rate hikes may be favorable for bond prices in the short term. When interest rates remain stable or decline, existing bonds with higher coupon rates become relatively more attractive, leading to increased demand and potentially higher bond prices. Lower interest rates also reduce borrowing costs for companies, which may improve their creditworthiness and decrease the risk of default, making corporate bonds more appealing to investors. Now, you may be wondering to yourself... despite the above; why is Gold (and BTC) falling instead of rising? 💭💭💭 EXTRA for EXPERTS: The fact that the US House of Representatives have passed US debt ceiling bill five days ahead of the deadline could be a reason behind the falling price of Gold. With this in mind, it becomes easier to see why the gold market could have slipped. Still, rampant inflation will probably keep a floor under the gold market and as such; a short term drop to next immediate support zone is the most probable. While the true utility of the metal as a hedge against rising prices is a subject of endless economic debate, many investors insist that it is. It’s notable that prices remain close to historic high levels despite much higher interest rates more or less everywhere. The backdrop of war in Ukraine, tensions in the South China Sea, and the durability of post-covid recovery are also clearly supportive of perceived ‘haven assets’ like gold, silver and bitcoin. Is it possible that the large, corporate investors are just countertrading the bullish retail investors in the commodities market at this point? The odds of a July rate hike are at about 61%, according to CME FedWatch Tool. Investors anticipate a 61.5% chance of the Federal Reserve hiking rates by a quarter point at its July 25-26 meeting, according to the CME FedWatch Tool. The metric hasn’t moved much since Tuesday, even as the central bank indicated in its dot plot on Wednesday that two more rate hikes are coming up. To understand the relationship between commodities, cryptocurrencies, bonds, and stocks can help you clearly plan your next move after the FOMC meeting. Commodities and Stocks: Inverse Relationship: Historically, there has been an inverse relationship between commodity prices and stock prices. When commodity prices rise, it can lead to higher production costs for companies, affecting profit margins and potentially dampening stock performance. Conversely, when commodity prices decline, it can lower input costs for companies, potentially benefiting their profitability and supporting stock prices. Cryptocurrencies and Stocks: Limited Relationship: Cryptocurrencies, such as Bitcoin and Ethereum, have gained prominence as a separate asset class and are not directly tied to traditional stock markets. As such, the relationship between cryptocurrencies and stocks is generally limited. However, during periods of market volatility or significant news events, there can be some short-term correlations as investors seek alternative assets or sentiment spills over from one market to another. But in terms of long-term correlations, the two asset classes have shown relatively independent behavior. Bonds and Stocks: Inverse Relationship: Bonds and stocks typically exhibit an inverse relationship. When interest rates rise, bond yields increase, making fixed-income investments more attractive relative to stocks. This can lead to a shift in investor preferences from stocks to bonds, potentially putting downward pressure on stock prices. Conversely, when interest rates decline, bond yields decrease, making stocks relatively more attractive, which can contribute to higher stock prices. The relationship between bonds and commodities is typically more complex and can be influenced by several factors: Inflation Expectations: Commodities are often considered an inflation hedge because their prices tend to rise during inflationary periods. When inflation expectations increase, commodity prices may go up, which can lead to higher inflation-adjusted yields on bonds. In this case, there may be a positive correlation between commodities and bond yields. Economic Growth: Commodities, especially those related to industrial sectors like energy and metals, are sensitive to economic growth. When the economy is booming, demand for commodities tends to rise, potentially leading to higher prices. This can be associated with higher inflation expectations and upward pressure on bond yields. Hence, there can be a positive correlation between commodities and bond yields during periods of economic expansion. Safe-Haven Demand : Bonds, especially government bonds, are considered safe-haven assets that investors flock to during times of uncertainty or market turbulence. In contrast, commodities, which are more directly influenced by supply and demand dynamics, may not exhibit the same safe-haven characteristics. Therefore, during risk-off periods when investors seek safety, there can be an inverse relationship between commodities and bond yields. Interest Rates and Opportunity Cost: Changes in interest rates can impact both bonds and commodities. When interest rates rise, the opportunity cost of holding commodities, which do not pay interest or dividends, increases. This can potentially lead to downward pressure on commodity prices. Conversely, when interest rates decline, the opportunity cost of holding commodities decreases, which can be supportive of commodity prices. In this case, there can be an inverse relationship between bond yields and commodity prices. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We appreciate your support ! CryptoCheck _____________________ AMEX:SPY TVC:US10Y TVC:GOLD INDEX:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT NYSE:GOLD CURRENCYCOM:GOLD
AMEX:SPY
by CryptoCheck-
29
The Roller Coaster is always a Bumpy ride 🎢The Market can feed everyone but it's not not the market's duty. The market's duty is to provide a playground for a fair auction to take place. The conditions and the rules at the playgorund change from time to time but principles never cease to exist. The market needs liquidity to trend and it's the losing trader's emotion that fuels that. The market will achieve it's own goals just as mother nature and the dragon of time will eat us all. The market is a neutral entity and not one of us as participants are immune to it's wrath. Respect the market as it can stay irrational longer than you can stay solvent. Pay close attention to money management and/or Position sizing because it will help you attain your goals. With all that said I have outlined my favorite level's on the chart. There are traders buying the high and the market will not make it easy on them. Or maybe the market breaks everything like the night king in Game of thrones. All you should do is take good risk/reward ideas. Create a system suited towards your personalities and inclinations. Orient yourself to what is most comfortable but be pro-active with your entries. Cut your losses short and let you profits run. Don't cut your winners just because you want to be right about the direction. Pay yourself for the time you spend in front of the screen. I have other obligations but the way I would go about trading interest rates would be to wait 1Hr after the news. Once the market has decided the direction, I lower my position size and follow my system's entry technique for trading with momentum. Additionally, If the market reacts off one of my level's I will anticipate a double top/double bottom. Safe Trading.
Short
by ShrewdCatfx
Unveiling the Impact of #FOMC Decisions on #WTI, #Gold, #USD Today was #FOMC! I'm Sure most of us had same experience on BLACKBULL:WTI and $OANDA:XAUUSD. I Just wanted to write about What is #FOMC and It's impact on #WTI, #Gold and #USD, Maybe somebody has lots of questions about that, so I try to do my best regarding captioned subject. The Federal Open Market Committee (#FOMC) plays a crucial role in shaping monetary policy in the United States. The decisions made by this committee have significant implications for various financial markets, including commodities like West Texas Intermediate (#WTI) crude oil, #gold, and the U.S. dollar (#USD). Understanding the impact of FOMC decisions on these assets is essential for traders, investors, and market participants. The FOMC's Role and Decision-Making Process: The FOMC is composed of members from the Federal Reserve System who are responsible for setting monetary policy. These members regularly convene to assess economic conditions, review data, and deliberate on the best course of action. One of the most critical outcomes of these meetings is the announcement of the federal funds rate, which influences borrowing costs and has a broad impact on the financial landscape. BLACKBULL:WTI : FOMC decisions have a notable impact on WTI crude oil prices. Changes in interest rates directly affect borrowing costs for businesses, which, in turn, influence their operations and investment decisions. When interest rates decrease, economic growth is often stimulated, leading to increased demand for oil and potentially driving up prices. Conversely, an increase in interest rates may have the opposite effect, dampening economic activity and reducing oil demand. Additionally, FOMC decisions indirectly impact WTI crude oil prices through their effects on the U.S. dollar. Since oil is globally priced in dollars, fluctuations in the dollar's value can influence the purchasing power of oil-importing countries. A weaker dollar can make oil relatively cheaper, increasing demand and potentially bolstering #WTI prices. OANDA:XAUUSD : The relationship between FOMC decisions and gold prices is complex and multi-faceted. Gold is often considered a safe-haven asset and a store of value during times of economic uncertainty. When the FOMC adopts a dovish or accommodative monetary policy stance, such as lowering interest rates or implementing quantitative easing measures, it diminishes the attractiveness of holding U.S. dollars. Consequently, investors may seek refuge in #gold, leading to an increase in gold prices. Conversely, a hawkish stance by the FOMC, signaled by raising interest rates or indicating tighter monetary policy, can strengthen the U.S. dollar and exert downward pressure on #gold prices. As interest rates rise, the opportunity cost of holding gold, which does not yield interest or dividends, increases. This can make alternative investments more appealing, potentially reducing demand for gold. PEPPERSTONE:USDX : FOMC decisions have a direct and significant impact on the value of the #USD. Changes in interest rates influence the relative attractiveness of U.S. dollar-denominated assets, which in turn affects currency exchange rates. A rise in interest rates can make the #USD more appealing to investors seeking higher yields, potentially strengthening the currency. Conversely, a reduction in interest rates may lead to a decline in the value of the U.S. dollar. Moreover, FOMC decisions and accompanying statements provide insights into the central bank's economic outlook. Favorable economic projections and indications of a tightening monetary policy can bolster confidence in the #USD. Conversely, cautious or pessimistic remarks may weaken the currency. Final Words: FOMC decisions have a substantial impact on #WTI crude oil, #gold, and the value of the #USD. Changes in interest rates directly influence borrowing costs, economic growth, and investment decisions, thereby impacting #WTI crude oil prices. Additionally, the effects of FOMC decisions on the U.S. dollar indirectly influence #WTI crude oil This article serves as a comprehensive guide, offering valuable insights that will enhance your understanding of the FOMC and its impact on financial markets AND May your journey through the intricacies of the FOMC empower you with a solid strategy and guide you towards successful trades, or encourage you to exercise caution and refrain from trading during these significant events. Wishing you the best of luck in your endeavors!
BLACKBULL:WTIEducation
by POUSHEINI
XAUUSD - KOG REPORT - FOMC!KOG Report FOMC – 14/06/23 This is our view for FOMC today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in price. We’ll start by saying we’ve had a decent week so far as well as month and will not be wanting to give anything back to the market. For that reason, we’re sharing the levels we have for the potential move and the regions to look for a reaction in price. It is expected to move, especially during the press conference which will take place after the statement. We would say best practice is to wait for them to take the price where they want, let is settle and look for signs of a reversal before jumping into a trade. We’ve seen a big range forming here over the last few weeks which has been used to accumulate orders, maybe now enough for Gold to find its feet and make the move many traders are anticipating. We have the immediate levels of 1950-55 order region which we are now above and potentially looking for the price to settle pre-event around here. We have the higher levels of 1980-85 which we were looking for on the KOG Report so target region for longs that are held from below could be around that level. If price is driven up into that region, we would be looking for resistance higher to potentially see a reaction in price and a confirmed reversal before even attempting to short it. On the flip side, we have order region 1930-35 and below that the extreme level of 1915-07 on the break. If the price is driven down, then we will potentially be looking here for a reaction in price and upon confirmed reversal signs look to take the long trade back up. As we’ve said above, we’re sharing our view with everyone but please do your own research. We’re not likely to enter any new trades, rather let the runners we have open run or close at break even. The best trades and set ups will come once the price has been taken to it’s level. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
6
$SPY Intra-Day Bearish SignalsIn terms of market direction, the short term trend is bullish, as the 9ema is trading above the 20ema. Moreover, the medium term trend is bullish, as the 20ema is trading above the 50ema. Finally, the long term trend is bullish, as the 50ema is trading above the 200ema. As a friendly reminder, given that all three trends are bullish, it would be prudent to think long and hard about whether or not there is truly a technical basis for entering a bearish swing trade at this time. That being said, how strong is the current trend? Notably, we closed above not only last week's high, but also the previous trading day's high as well. This is an indication that the bullish trend is rather strong. Another way that traders analyze the strength of a trend is by appeal to the Average Directional Index (ADX), in which high readings are suggestive of strong trends and low readings are suggestive of weak trends or chop. At the moment, the ADX has a value of 50.25, indicating an extremely strong trend that is likely soon approaching exhaustion and at risk of correction or reversal. We also have to consider the two main momentum oscillators: the Relative Strength Index (RSI) and the Stochastic Oscillator. Currently, the RSI reading is 83.57, indicating that the market is technically overbought and may be due for a correction or trend reversal. For its part, the Stochastic Oscillator currently has a reading of 96, indicating that the market is technically overbought and may be due for a correction or trend reversal. Beyond the momentum oscillators, we also need to familiarize ourselves with the relationship between current price and the Bollinger Bands. At the moment, price is approaching the upper Bollinger Band, indicating that the uptrend may soon encounter resistance. With regard to the question of trend reversal, we need to check for any crossovers between certain indicators and their respective moving averages. Currently, the RSI is above its 14-candle moving average, indicating ongoing short-term trend strength. Currently, the Stochastic Oscillator is above its 3-candle moving average, indicating ongoing short-term trend strength. Finally, the MACD is above the signal, indicating ongoing short-term trend strength. Crosssover analysis is not the only way to test for potential trend reversal. Another strategy involves looking for divergence between indicator readings and price action. At this time, there is bearish divergence between RSI and price action. Moreover, there is currently bearish divergence between the Stochastic Oscillator and price action. Finally, at this time there is currently no divergence between MACD and price action. -------- Short levels: 439.04, 441.07, 443.11, 445.14
AMEX:SPYShort
by StockJustice
Signs for a looming recessionInvestigating the 2008 recession, with specific regards to Interest Rates and Inflation. We can observe a similar pattern occur here. Should history rhyme, we will see at least some more months of bullish price action before the top is set. From there, months of slow decline, before bearish acceleration kicks in - deflation. Correlative projection puts the top in April 2024, however I have reason to believe that it will happen earlier this time, sometime this year. Reason being, is that the dynamic is different. There is a lot more leverage and this isn't about a housing market. The USD is being ditched as world reserve currency. Generally, the price increases that we should see in the coming months, would pale in comparison to the price decreases that we will see later. Invest wisely, and stay safe.
SP:SPXShort
by Alien_Algorithms
GBPUSD I FOMC trading plan and levels to watch Welcome back! Let me know your thoughts in the comments! ** GBPUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
2
BTC ANALYSIS | FOMC news will decide the next directionBTC ANALYSIS | FOMC news will decide the next direction Ahead of the FOMC announcement in a couple of hours we are in a descending wedge/bull flag pattern that is a key identifier of consolidation and a precursor to a big move. Naturally until there is a break out it is difficult to determine the direction. The FOMC news should be a firestarter to gauge which way we are going to go here. So don't make any impulsive moves just yet and wait for the announcement and a commitment of direction from BTC.
by Kryptochristian
1
AUDUSD FOMC Prep 14th JuneThe AUDUSD approaches a key resistance at the 0.68 round number price level following a consistent climb since the start of June. If the DXY continues to weaken, down to the key support level of 103, the AUDUSD could break above the immediate resistance level of 0.68 and rise toward the next resistance level at 0.6920. However, the 0.68 resistance level is very crucial as the AUDUSD had previously reversed strongly from this level on the 14th April and 10th May. A reversal could happen if the FOMC surprises markets with a rate hike. In the more likely scenario, if the DXY weakens, look for the AUDUSD to break above the resistance level, and test the upward trendline again before continuing on to the next resistance level.
Long
by JinDao_Tai
USDJPY FOMC Prep 14th JuneIf the FOMC does pause on further rate hikes as forecasted, this is likely to cause further weakness in the DXY (read DXY analysis) Weakness in the DXY could see the USDJPY trade lower. The USDJPY has been range bound since the start of June, trading between the resistance of 140.40 and support of 138.74. Currently trading along the 140 price level, weakness in the DXY could see the price reverse lower, back down to the support level. Similar to the price action on the 5th of June. A surprise rate hike from the FOMC could see the USDJPY rise, but the upside would be limited with the next key resistance level around 141 (the previous swing high at the end of May) and also with the increasing belief that any surprise rate hike would be the last to come from the FOMC.
Short
by JinDao_Tai
DXY Outlook FOMC Prep 14th JuneWill the Federal Reserve finally decide to pause on further rate hikes, keeping interest rates at 5.25%, or will the Feds hike rates one final time to take rates to 5.50%? There has been much speculation about the likely outcome of the US FOMC regarding its interest rate decision. Especially with the most recent CPI data being released at 4.0% (Expected 4.1% Previous 4.9%) a significant slowdown in inflation growth is being witnessed and it is likely to play towards encouraging the Feds to pause on further hikes. Although the June unemployment rate rose slightly to 3.7%, the NFP was still significantly stronger than expected at 339k. There are several technical analysis factors applying the downward pressures on the DXY, in particular, the downward trendline, 50MA and the 103.40 resistance level. If the Feds does pause on rates, I'd be looking for the DXY to trade down to the support area of 102.80 and 103, which coincides with the 50% Fibonacci retracement level.
TVC:DXYShort
by JinDao_Tai
GBPUSD: Could the FOMC set up a resistance break?Today's focus: GBPUSD Pattern – HH HL continuation Possible targets – 1.2683, 1.2980 Support – 1.2305, 1.2493 Resistance – 1.2640, 1.2660 Today’s focus is on the GBPUSD after buyers made another strong move higher on Wednesday. That move continues the series of HLs and HHs this is a good thing to see in the current short-term uptrend. As discussed in today’s video, our attention is now on key resistance that has stood since May 22. Could a dovish tone from the Fed set the USD up for more downside? We did see a fightback after the CPI data and the Core remained high at 0.4%. If the Fed hold rates and hint more towards the dovish side in the statement, could that set the GBPUSD up for a new test or break of resistance, setting off a new trend continuation? For now, the GBPUSD, despite its short-term bullish move, remains consolidation bound.
Long
by Eightcap
USDJPY Potential UpsidesHey Traders, In today's trading session, we are closely monitoring the USDJPY currency pair for a potential buying opportunity around the 139.700 zone. After trading in a downtrend, USDJPY has recently broken out and is currently in a correction phase approaching the retrace zone near the 139.700 support and resistance area. A key factor to consider today is the US monetary policy, specifically the Federal Reserve's interest rate release. If the statement reflects a more hawkish stance than expected, signaling potential future interest rate hikes, it could provide additional confirmation for a USDJPY buy trade. As traders, it is important to conduct thorough analysis, considering technical indicators, price charts, and patterns. Additionally, monitoring fundamental factors such as central bank decisions and economic data releases can provide valuable insights. It's crucial to stay informed about market sentiment and overall market conditions. Remember that trading involves risks, and it is advisable to have a well-defined trading plan, including risk management strategies, in place. Trade safe, Joe.
Long
by JoeChampion
20
Gold muted awaits the FOMC Monetary PolicyMay’s U.S. consumer price index (CPI) came in lower than expected, showing that inflation may be cooling off. The gold price used to surge to $1,970, and then the traders liquidated their position. The gold price dropped below $1,950 since the market awaits the Federal Reserve's monetary policy decision. Investors will look for clues on the Fed's interest rate hikes and monetary tightening plans. If the Fed signals a more aggressive tightening path, it could boost the dollar and bond yields, weighing on gold. Gold prices fell after the lower-than-expected CPI print but remain supported by longer-term inflation fears, geopolitical risks, and a wait-and-see approach ahead of the FOMC meeting. This week, the Fed’s tone, signals and the coming up U.S. data will be necessary for determining gold's next move.
TVC:GOLD
by ATFX_Global
Ultimate Catalyst : Interest Rates NewsWe saw our increase on Eurusd Halted after the Fed raised rates 3 weeks ago. Now we gain more information on the reasons for their decision. The market has had time to digest the rates and resulted in a substantial decrease for the month of May. We must now observe how the market reacts to their reasons for an increase in rates and the cost of money. Will the dollar continue it's momentum and we see a Eurusd decrease, or will Eurusd pivot bullish in the short term as it digests the Fed's reasoning's. Bear Targets for the rest of May and the month of June are - 1.06654 Weekly Zone - 1.05426 Weekly Zone Bull targets for the rest of May are - a return to Daily level 1.08725 Bull targets for the month of June are - a return to 1.1024 weekly level - a push to 1.14655 Weekly level
by ShrewdCatfx
GBPUSD Approaching the weekly trend ahead of CPI data.Dear Traders, I'd like to bring your attention to the current market conditions of GBPUSD. It is currently experiencing a downtrend but is undergoing a correction phase. The price is approaching a significant resistance zone at 1.26100, which coincides with the major trend. This area is worth monitoring closely. In addition, it's crucial to take into account the upcoming Consumer Price Index (CPI) release this week. This economic indicator is expected to have a substantial impact on the strength of the US dollar and may provide insights into the future actions of Fed Chair Powell. If the CPI figures are higher than anticipated, it suggests that the Fed may need to continue raising interest rates, which could strengthen the dollar further. On the other hand, if the CPI falls below expectations, it is more likely that the Fed will postpone any rate hikes in their next monetary policy decision. Remember to prioritize risk management and trade with caution. Best regards, Joe
Short
by JoeChampion
43