According to signals from the Fed and the market, in this meeting, the US Central Bank will cut the operating interest rate for the first time since March 2020. Previously, the Fed had raised interest rates 11 times, from March 2022 to September 2023, bringing interest rates from a record low of 0-0.25%/year to the current 5.25-5.5%. The Fed raised interest rates...
Previously, gold had a strong sell-off after current US President Joe Biden announced his withdrawal from the race for the White House. The pressure to sell gold increased after this commodity increased previously and investors took advantage of taking profits in the context that they wanted to listen to more impact assessments of the rapid changes in world...
The attention of market participants is focused on the US inflation indicators and FOMC meeting, although Fed is unlikely to raise the rate (no more than a 30% chance). US statistics on Thursday may increase the reaction of the markets to the Fed's decision and lead to a significant downward correction in the stock market.
There are few statistics, the main release of the week - US ISM services - will be published today. It is this report that will complement the current NFP, correct expectations for the Fed's policy and determine the main direction of the market. If the components of retail prices show an increase in inflation in the services sector, then the US stock market will...
USD/JPY The absolute priority of sales, a strong correction is possible at the Fed.
GBP/USD The reaction to the Fed will be weak, speculators are waiting for the BOE meeting
EUR/USD Weak buying priority does not have a strong foundation. New positions should be opened after the Fed meeting.
EUR/USD New buying interest is still weak. A strong downward movement requires a confident breakdown of the support zone at 1.0650.
GBP/USD Weak sales priority remains. For a confident upward reversal, a breakdown of the 1.2250-1.23 zone is required.
GBP/USD Speculative purchases are no longer relevant. A breakdown of the fundamental level 1.2350 has not taken place yet. A technical correction is needed up to the 1.20 zone, then only fundamental factors will determine the direction.
USD/JPY It is technically possible to work out the «Double Bottom» pattern to the zone of 133.50/135.00, but there are no own factors for a reversal upwards. Before the Fed meeting next week, only short-term sales are relevant.
GBP/USD News about the refusal to hold another referendum on Scottish independence has already been worked out. Technical factors give signals for continued growth, but macroeconomic factors do not support this trend. Active growth requires going beyond the resistance level of 1.2250-1.2300. Selling requires a confident breakout of the 1.1850 zone.
EUR/USD Despite the indications of technical indicators, the chances of active growth are minimal. Above the 1.05 zone, the selling pressure intensifies. On a confident breakdown of the key zone of 1.0350 down, you can risk opening short-term sales with targets below the parity zone.
EUR/USD There is no important news this week, but there will be many speeches and comments, but this is not enough for a downward turn. Trading interest is steadily shifting upwards, but a technical correction is needed to remove large StopLoss below the level of 0.9750. New purchases will be relevant only after a confident breakdown of the parity zone.
GBP/USD The pair never left the main range. Speculative volumes related to the fundamental events of the last week are closed. There is no positive news yet. The balance of volumes is shifting to the sales area. New purchases will be relevant only on a confident breakdown of the protection zone above 1.17.
XTI/USD The decision to limit prices for Russian oil has been made, but specific values have not yet been set, so this factor does not affect the current market. The priority of purchases is still preserved, but the growth potential is limited by the 100 zones. To break through this level, fundamental factors cannot be dispensed with. Short-term sales can only be...
USD/JPY The speculative volumes associated with the reaction to the NFP have already been closed, and the pair is forming a new protection zone. A short-term strong reaction to the US election results is possible, but fundamental targets above the 150 zone are still relevant. The probability of an upward reversal after a correction to the 145 zones is high.
USD/JPY The technical correction has not been completed, a retest of the 150 zones is needed before the NFP. The trade balance is shifted to the buy zone.