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Dollar's Rally Wins Over Traders as Fed Decision LoomsThe U.S. dollar capped its strongest weekly run since February, buoyed by a shift in sentiment among traders as they awaited the Federal Reserve's upcoming policy decision. After weeks of anticipation of potential interest rate cuts, the market witnessed a reversal as the greenback regained its allure. This recent surge comes from a five-day winning streak for the Bloomberg Dollar Index, a gauge of the greenback's performance against a basket of major currencies. The index rose by over 1% during this period, marking its most significant weekly advance since early 2024. This bullish sentiment towards the dollar is a reversal from earlier market expectations. Previously, many traders had positioned themselves for a dovish turn from the Fed, anticipating potential interest rate cuts in the latter half of the year. This anticipation has contributed to a weakening of the dollar in recent months. However, recent economic data and comments from Fed officials have cast doubt on the likelihood of imminent rate cuts. Upticks in inflation figures and a robust labor market have fueled speculation that the central bank might maintain its current hawkish stance for longer. "The recent economic data has painted a somewhat different picture than what the market had initially expected," noted Sarah Lopez, a foreign exchange strategist at a leading investment bank. "Stronger inflation readings and a resilient job market suggest the Fed might need to stay the course on its tightening policy for a while longer." This shift in expectations has prompted traders to reassess their positions. Many who had previously bet on a weaker dollar are now scrambling to cover their short positions, leading to a surge in demand for the greenback. "We've seen a significant unwinding of short dollar positions in recent days," commented Michael Jones, a currency trader at a major financial institution. "The market is starting to price in the possibility that the Fed might hold off on rate cuts, and that's giving the dollar a much-needed boost." "The Fed's language will be critical in determining the dollar's next move," said Lopez. "If the statement suggests a continued commitment to fighting inflation, the dollar could extend its gains. However, any dovish hints could trigger a renewed selloff." Beyond the immediate impact of the Fed decision, the dollar's long-term prospects will depend on several factors, including the relative path of interest rates in the U.S. compared to other major economies. "The dollar's strength will likely hinge on the divergence between U.S. monetary policy and that of other central banks," explained Jones. "If the Fed remains hawkish while other central banks stay accommodative, the dollar could continue to appreciate." The recent resurgence of the dollar has implications for various asset classes. A stronger greenback can make U.S. exports more expensive and less competitive, potentially weighing on corporate profits. Conversely, it can make dollar-denominated assets, such as U.S. Treasuries, more attractive to foreign investors. In conclusion, the dollar's recent rally underscores the dynamic nature of currency markets. As economic data and central bank pronouncements evolve, so too do investor expectations. The upcoming Fed decision is poised to be a pivotal moment for the dollar, with its outcome likely to shape the currency's trajectory in the coming months.
TVC:DXYLong
by bryandowningqln
NASDAQ Next week expectation #NAS100 Next week..! The price reaches the highest level. And this should be retested. Because 13th of June reaches this price and falls down to 19,479 level. But in a low time frame still running between the Accending channels. But the movement is bearish Because 2 times it is tested with treeline. However once the market opens if the current 4H candle end below 19670 can go for sell to 19352 level. And the buy area located at 18753 - 18933 according to 4H timeframe *My trading plan. Trade at your own risk good luck
OANDA:NAS100USDShort
by chamitha45
5
EURUSD Analysis(Continue to Fall)!!!EURUSD managed to break the Support zone($1.080-$1.078) , Monthly Pivot Point , and the Uptrend line . We can also consider this Breakaway Gap a sign of valid failure. According to the theory of Elliott Waves , EURUSD seems to have successfully completed the Double Three Correction(WXY) . Currently, EURUSD is completing wave 4 , and we have to wait for wave 5 to start. After the completion of wave 4, I expect EURUSD to decline at least as far as the targets I have specified on the chart. Euro/U.S.Dollar Analyze ( EURUSD), 4-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
7
Today's trading trends, selling strategiesThe employment and economic data released by the US last week showed both positive and negative trends. However, the fairly positive job market has caused the market to predict that the US Federal Reserve (Fed) will not cut interest rates before November this year, instead of September as previously forecast. Experts say that world gold prices in the next few days will adjust within a narrow range to wait for information from the Fed meeting taking place on June 11-12. Surely the Fed will keep interest rates unchanged this meeting. However, the market will look for information about the health of the US economy and the direction of inflation. Some financial institutions believe that the Fed cutting interest rates may consider the deflation situation of the world's No. 1 economy, when it twice reported the country's gross domestic product growth in the first quarter. a sharp decrease compared to the fourth quarter of 2023. Experts recommend that investors should patiently wait for information from the Fed meeting. Because gold prices will be strongly affected when the Fed releases positive information from the US economy.
TVC:GOLDShort
by FalCol_TradingMaster
Gold fell deeply at the end of the week, the downtrend continuedWorld gold prices tend to recover with spot gold increasing by 2.3 USD compared to last week's closing level to 2,294.9 USD/ounce. The gold market this week is forecast to have many fluctuations and the direction of this precious metal depends heavily on the consumer price index (CPI) report and the interest rate decision of the US Federal Reserve (Fed). ) and a speech from the head of the world's most powerful central bank. Last week, the market witnessed a strong sell-off when receiving two unfavorable information. Gold lost up to 80 USD during the day, recording the strongest intraday decline in 4 years. Specifically, the price reversed when the latest report showed that the People's Bank of China did not add gold last month, cutting off this central bank's 18-month gold buying streak. The report raises concerns that gold demand will slow down in the near future. While the market is gradually stabilizing, expectations that the Fed will raise interest rates in September are gradually fading after the US Department of Labor's employment report dealt another strong blow to the market. The Fed started the fight against inflation from March 2022 with interest rate increases. In this way, the US Central Bank wants to slow down economic growth and reduce inflationary pressure, with the goal of bringing inflation down to 2%. Recent inflation reports show that inflation is currently at 2.7%.
OANDA:XAUUSDShort
by FalCol_TradingMaster
EURUSD is Ready to Fall===>>RR=2.20EURUSD is moving in the Resistance zone($1.092-$1.087) . According to the theory of Elliott waves , EURUSD seems to have succeeded in completing the main wave 5 with the Expanding Ending Diagonal . I expect EURUSD to at least fall to the Support zone($1.0806-$1.0781) . Euro/U.S.Dollar Analyze ( EURUSD), 1-hour Time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
11
Gold jumped in this morning's trading sessionUS non-farm file will display gold optimism The short-time period uptrend will begin from here buyers now see approximately a 67% threat the Fed will ease economic coverage in September, up from much less than 50% remaining week. In addition to economic coverage expectations, professionals say that gold is being supported through robust shopping for call for from significant banks. Net purchases through worldwide significant banks rose to 33 tonnes in April, the World Gold Council said, persevering with to be robust notwithstanding growing treasured steel prices. The closest resistance for gold is at 2400 Experts are expecting that the imminent Fed assembly will possibly hold hobby costs solid withinside the context that inflation withinside the US stays high.
TVC:GOLD
by TrategySherpa
Today's trading strategy, increasing trendAbout 6 o'clock on June 7, today's gold price of the world traded at 2,376 USD/ounce, an increase of 21 USD from the same price as the previous day was 2,355 USD/ounce. World gold price fluctuated in the context of the European Central Bank (ECB) for the first time since 2019, down 0.25 points of interest rate. This move makes the market raise expectations that the United States will continue the ECB to loosen monetary policy, in the direction of reducing interest rates in the near future. At that time, the dollar will drop compared to many other foreign currencies. World gold price can increase further in the future. So at this time, investors increased their purchasing power. Today's gold price increases tens of dollars/ounce is understandable.
TVC:GOLDLong
by FalCol_TradingMaster
Gold constantly increases when the trend is brokenThe world gold price continued to increase with spot gold increased by 20.4 USD to 2,376 USD/ounce. Future gold traded at 2,395.1 USD/ounce, up 19.6 USD compared to the dawn. The price of gold continues to increase and reach the highest level in 2 weeks when the US bond yield falls after the latest labor report. The published data shows that the "cooling down" of the US labor market has strengthened the possibility that the US Federal Reserve (Fed) will cut interest rates in September. Currently, investors are still hot. Waiting for non -agricultural payroll data of the US to be more sure about this expectation. The number of important non -agricultural jobs is forecast to increase by 178,000 compared to the April report with an increase of 175,000 jobs. Reporting the private sector in May of ADP published in the middle of this week has shown that the US labor market is gradually cooling down. According to the market analyst Carlo Alberto de Casa of Kinesis Money, precious metals are supported by the expectation of the recession of the world's leading economy and the peaceful US Bank in the next few months. .
OANDA:XAUUSDLong
by FalCol_TradingMaster
Gold trading strategy today, continuing the upward momentumWorld gold prices increased sharply with spot gold increasing by 29.3 USD to 2,355.6 USD/ounce. Gold futures last traded at $2,375.20 an ounce, up $27.80 from the bright spot. World gold prices edged higher midweek, supported by a weakening USD and falling Treasury yields after the latest data showed the labor market cooling. According to ADP's report, private companies created an additional 152,000 jobs in May, much lower than the number recorded last month and experts' forecasts. This is the lowest monthly number unchanged since the bad month. RJO Futures senior market strategist Bob Haberkorn said the weak labor numbers act as a catalyst that could force the Federal Reserve to cut back before the end of the year. This has increased the appeal of gold. Lower performance reduces the opportunity cost of holding gold. According to the CME FedWatch tool, traders saw a roughly 67% chance that the Fed will deliver monetary policy in September, up from less than 50% last week. Analysts say that important upcoming US economic reports, including data on the health of the service sector and non-farm payrolls reports, are likely to influence the direction of printed gold prices. short.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Gold is in a downtrend, entry sell todayGold prices in the international market increased sharply amid weak US economic data. Specifically, the purchasing managers index (PMI) in the manufacturing sector decreased from 49.2 points to 48.7 points. This has reinforced market expectations that the US Federal Reserve will cut interest rates by the end of 2024. In response to the above information, financial investors sold off USD, causing the currency to fall to its lowest level in the past 3 weeks. USD Index dropped to 104 points. Gold price today has momentum to go up. On the other hand, US bond yields fell to 4.4%, meaning the value of bonds went down. Accordingly, investors sell bonds and shift capital to precious metals. Today's world gold price increases by tens of USD/ounce is inevitable.
TVC:GOLDShort
by FalCol_TradingMaster
Sideway gold, selling strategy todayWorld gold prices increased with spot gold increasing by 21.5 USD to 2,350.5 USD/ounce. Gold futures last traded at 2.3716 USD/ounce, up 25.6 USD compared to yesterday morning. Gold prices rose at the beginning of the week when the latest report showed that US manufacturing activity slowed for the second consecutive month. Specifically, the purchasing management index in the manufacturing sector decreased to 48.7% in May, compared to 49.2% recorded in April. This figure is weaker than the forecast of the world. expert. Disappointing economic data that raised the possibility that the US Federal Reserve (Fed) will cut interest rates this year pushed the dollar to a three-week low and benchmark US Treasury yields fell. dropped to its lowest level in 2 weeks. According to High Ridge Futures Chief Investment and Alternative Trading Officer David Meger, the positive trend in gold comes from strong expectations that interest rates will be cut at some point later this year. Accordingly, the latest economic data makes investors believe that interest rate cuts will soon be implemented. Late last week, data released showed US inflation stabilizing in April. This has increased bets on an interest rate cut in September. Traders are currently pricing in around 56%. The possibility of cutting interest rates in September, increased sharply compared to before the report.
OANDA:XAUUSDShort
by FalCol_TradingMaster
Falling towards a pullback support, could it bounce from here?EUR/USD is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.08932 Why we like it: There is a pullback support level which lines up with the 23.6% Fibonacci retracement. Stop loss: 1.08623 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Take profit: 1.09421 Why we like it: There is a pullback resistance level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EURUSD → it formed a descending widening wedgehello guys... as you can see OANDA:EURUSD broke the descending channel and now it is on top of the breaking area! FX:EURUSD is forming a descending widening wedge and I put a example of this pattern here! I believe if you wanna get a long position on eurusd, be ready to break the top line of this pattern! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
8