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Forex Update : the yen falls to a five-year low.Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The yen plummeted to a near five-year low versus the US dollar, and other currencies suffered losses, as investors bet that the Bank of Japan (BOJ) will lag behind its peers in tightening monetary policy to combat excessive inflation. The US Dollar Index, which measures the greenback against a basket of other currencies, fell 0.04 percent to 96.240. The USD/JPY exchange rate fell 0.18 percent to 115.93. The AUD/USD pair fell 0.13 percent to 0.7229, while the NZD/USD pair fell 0.21 percent to 0.6798. The USD/CNY pair was unchanged at 6.3723, while the GBP/USD pair fell 0.02 percent to 1.3529. On Tuesday, the yen fell to a five-year low of 116.35 per euro, as well as through its 200-day moving average to a two-month low of 131.45 per euro. Earlier in the session, it was trading at approximately 131.06 per euro, while sliding to a more than six-year low against the Swiss franc and a seven-week low against the Australian dollar. This resulted in a dramatic increase in US Treasury yields in the initial trading days of 2022, with the yen suffering as the yield spread between the US and Japan increased. Meanwhile, the Federal Reserve of the United States will issue the minutes of its December meeting later in the day, which will be analyzed for hints about the central bank's rate hike schedule. Traders are looking forward to the U.S. jobs report, which contains the non-farm payrolls and is due on Friday, for more information. However, with Fed Funds futures indicating that investors expect an interest rate hike by May 2022, Analysts now anticipate two 25-basis-point raises in March and June, rather than a single boost in September. Resistance points for the USD/JPY 1) 115.41 2) 115.76 3) 116.32 Support points for the USD/JPY 1) 114.51 2) 113.96 3) 113.61 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
XAUUSD - KOG REPORT!In last weeks KOG Report we said we were in long holding positions from below. We suggested we would like to see another attempt on the lower support regions which the 4H and 12H charts were suggesting due the potential double tops. We said we had higher levels of 1817 and 1824 which we would be our immediate targets and this is where we would reduce our long exposure only holding a portion of any long trades we had from below. We said we would be looking for the higher price regions of 1830-35 and above that 1850-55 for our short entries. The lower support levels held which we had shown on the charts and it gave traders a good opportunity to long the market into our immediate targets which were both completed by market close. A great end to the year for KOG members. So what can we expect in the week ahead? We would like to see Gold get some more buyers in a little higher so we are anticipating a challenge around the 1830-35 price region. We can expect this to either open with aggressive bullish momentum to target that area straight away, find resistance and make a move down, or ideally come down towards the lower support levels and then begin another incline to target that level. Please note, breaking this level will push the price to more gains potentially targeting that higher trend line resistance and key area of 1850-55 where we hope to see resistance again. Our plan: If the market opens and targets that higher resistance level of 1830-35 we’ll be looking to short it back down towards the lower support regions of 1815-10 as the first initial target and below that 1800-1797. We have a target at 1785 so we would like to see this achieved at some point during the week. We also have a higher target of 1833 so there is a chance we open, hit that level and then take a small decline from around that region to the lower support levels then push back up. What we want to see is how the price reacts at the higher resistance levels and how they hold as we think these resistance levels would be good opportunities to test the short trades. The higher resistance level is 1850-55 (potentially just short of this region), this level we feel could be a possibility so play it safe. We are still bearish on this as long as its creating lower highs so for us to go long again we would need to see the extreme lower levels acting as support to take the trades. Rather we would like to see these higher level achieved and test the short trades to hold for the longer term. This is Gold, so you know it won't make it easy, thats why lots sizes and money management are really important. Support levels: 1824 1820 1810-12 and below that 1800-1797. Resistance levels: 1830-35 1838 1845-7 1850-55 1866-70 Yearly timeframe: We have added the yearly chart to show the closing candle for the year. You can see that it failed to close above last years closing price where it rejected. It also shows the potential range for the months ahead going into 2022 where the lower support stands at around the 1670 price point. If you’ve been following our analyses you’ll know we have a target lower than that so based on the higher timeframe, its looking like we could be in for a few bearish months on Gold. Monthly Timeframe: We’ve published this chart before and we’ll stick to the plan on this. We’re looking for the lows below the 1600 price point as long as the price stays below the 1885-95 price point. There is a chance they can drive the price upwards towards that level which will still maintain the structure and still give us a lower low. This is a long term timeframe so can take months to play out, that’s if they even take it there. This is published for reference only to give you an idea of what we’re looking at. In all honesty this is going to be a difficult one to predict, it’s the opening of a new yearly candle and we’ll see the return of volume back into the markets after the festive period. We’ve seen the markets open in the new year with some very aggressive movement so please be careful, movement that looks out of the ordinary please stay out of it, wait for the price to settle and then look to take your positions. If you really want to see what can happen take a look at the opening few days of the markets last year. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
19
Forex Update for 3/1/2022Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar was up in Asia on Monday morning, but holidays in many key Asia Pacific markets meant it had a quiet start to 2022. The U.S. Dollar Index, which measures the greenback against a basket of other currencies, was up 0.29 percent to 95.870. The USD/JPY exchange rate rose 0.19 % to 115.30. The AUD/USD rate fell 0.13 % to 0.7250, while the NZD/USD rate rose 0.09 % to 0.6830. The USD/CNY pair was unchanged at 6.3561, while the GBP/USD pair fell 0.21 % to 1.3501. The markets in Japan, China, Australia, and New Zealand were all closed for holidays, making it harder to see the dollar's true movements. The global proliferation of the omicron COVID-19 variation has also had an effect on emotions. Although the number of cases in the western Chinese city of Xi'an has decreased, estimates from Johns Hopkins University reveal that the global number of illnesses has surpassed 290 million as of January 3. Meanwhile, earlier in the day, China Evergrande Group's Hong Kong shares were banned from trade, with the property developer declining to specify a reason for the suspension. Cifi Holdings, a Chinese property developer, offered to buy China Evergrande's outstanding 5.5 percent bond due in 2022. According to Cifi Holdings' Hong Kong stock exchange filing, the offer was $1,000.5 for each $1,000 in principal amount plus accrued and unpaid interest. The opportunity to purchase the remaining $505.1 million in notes expires on January 7. Investors are also looking forward to China's Caixin manufacturing and service purchasing managers indexes, which are due later this week. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:DXY
by GabiDahduh
Forex Update for 30.12.2021Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar rose in Asia on Thursday morning, but it remained near the low end of its previous range, as did the Japanese yen. However, movements remained minor due to holiday-thinned trading and as concerns about the omicron COVID-19 version dissipated. The US Dollar Index, which measures the greenback against a basket of other currencies, had risen 0.01 percent to 95.935. The US dollar was bolstered by rising US Treasury yields, with benchmark 10-year yields reaching 1.56 percent on Wednesday, the highest since Nov. 20, 2021. After plunging to a one-month low of 115.03 on Wednesday, the USD/JPY pair gained 0.08 percent to 115.03. The AUD/USD pair increased 0.19 percent to 0.7261, while the NZD/USD pair increased 0.22 percent to 0.6845. The USD/CNY pair rose 0.02 percent to 6.3692, while the GBP/USD pair rose 0.04 percent to 1.3491. The Turkish lira was trading at 12.6 per dollar in emerging markets after falling 6.9 percent on Wednesday. The lira has lost 40% of its value in 2021 thus far, but it gained more than 50% last week as a result of state-backed market interventions. Turkish Finance Minister Nureddin Nebati said on Wednesday that the lira's present volatility was not cause for concern and that it would return to normal levels. Despite a surge in COVID-19 cases worldwide as omicron spreads, investors' risk appetite increased as many governments refrained from lockdowns. According to figures from Johns Hopkins University, the global case count surpassed 284 million as of December 30. Other investors, however, cautioned against reading too much into the changes, since trades remained light as the year came to a close. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:DXY
by GabiDahduh
12
Forex Update for 29/12/2021Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The dollar edged higher on Wednesday as a recent rise in stocks appeared to be winding down, but holiday-thinned trade meant markets were displaying little meaningful direction. The dollar index, which measures the greenback against key peers, reached 96.240 during the day, up from Monday's closing of 96.068, and advanced against most other major currencies after the euro fell 0.14 percent on Tuesday. The euro was last trading at $1.1305, while the pound fell from a five-week high to $1.3433. Analysts said it was difficult to read too much into the swings because many traders had taken time off for Christmas or the end of the year. "Things are basically noise right now," said Kyle Rodda, an analyst at IG Markets. "We're definitely seeing a soft risk-on/risk-off dynamic going on with stocks down somewhat, and the dollar has caught a bid on the inverse of that." The Fed is widely projected to begin raising rates before many other major central banks, including the European Central Bank, which has helped the dollar index have its best year since 2015 in 2021. MSCI's broadest index of Asian shares outside Japan fell 0.3 percent on Wednesday, while the S&P 500 and Nasdaq Composite also closed slightly lower overnight, despite the fact that the S&P 500 had gained for four straight days and touched a record intraday high earlier in the session. Markets have been mostly trading based on shifting assessments of the impact of the Omicron version of COVID-19, with the recent bounce in risk assets such as equities based on the belief that the new strain will not significantly disrupt the global economic recovery. On Monday, U.S. health officials reduced the recommended isolation time for Americans with asymptomatic COVID-19 cases to five days, down from ten days previously. The yen, which had been sinking alongside the stock market's gains, pared its losses on Wednesday. It was recently at 114.82 per dollar, down from 114.94 on Tuesday. The dollar was also bolstered by a jump in two-year Treasury yields, which reached 0.758 percent on Tuesday, a near two-year high, before falling little to 0.7461 percent. The Australian dollar remained stable at $0.7232. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:DXY
by GabiDahduh
GoldView Bullish Trading plan & levelsWe have updated levels and highlighted potential re-test areas to pick up fresh entries. We are trading small lots due to end of year. The levels identified are also Goldturn levels therefore we will look for price to find support in these areas when taking positions. EMA5 break and candle body confirmations will give us further confidence. Right now we are waiting for price to find support here to continue more movement on the upside but not taking new long positions until we see this supported well or we get a better entry from the lower zones identified. As always if the structure changes and we have to adapt and make any changes, we will be sure to update new plans here. Please don't forget to give us a like, comment and follow to support our work, we really appreciate it. GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
6
AUDUSD Bulls in SightFrom an intraday perspective what we can see is that this pair moved lower towards the beginning of the week creating the low on the Tuesday as marked. The pair has regained its losses and moved back towards its weekly opening price. The zone above the price has acted as a resistance however has been tapped into many times which would weaken it by the lesser number of sells now sitting within that area. The blue zone shown below the price, along with a HVA, and the asia session range, all now play a key role and zone that the price can move into through the EUR/LND opens to draw liquidity before moving to the upside.
Long
by opes_trading_group