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EURUSD SHORT SETUP M15 + H1 BEFORE NFPOn EURUSD, we have a bearish setup with the price currently at the lower end of a channel. I expect a retracement around the 1.0876 area, where we have a significant gap on the H1 timeframe within a supply zone. Before entering, I will wait for price confirmation on both the M15 and H1 charts. Then, I will assess the short entry with a target at 1.0830. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings and have a great day of trading from Nicola, CEO of Forex48 Trading Academy.
Short
by Forex48_TradingAcademy
✏️ XAUUSD : Trade based on NFP As you can see, the price has entered the supply zine in $1974 to $1985, and according to the reaction on the chart, the possibility of falling from this level is high, considering that today we will have the NFP statistics, there is a possibility of accelerating this process. But be careful that the volatility of this news is very high and trading based on it can bring you a high risk, so be careful with your personal trades ! The second most important supply range is from 2001$ to 2015$! Don't Forghet To Push The Boost (Like) Button and Follow Me for More ! Best Regards , Arman Shaban
OANDA:XAUUSDShort
by ArmanShabanTrading
46
Positive NFP Data for the USDNFP May 2023 - 339,000 jobs have been created. While this sounds like a good thing, it’s also a bad thing. The entire point of the Federal Reserve hiking interest rates was to ‘slow down inflation’ by making people lose their jobs, in turn leaving them with less disposable income to flood back into the economy. What this NFP data shows is that the current interest rate hikes aren’t working, so this will now be another excuse for the Federal Reserve (really the US government) to be more aggressive with rate hikes, which will end up destroying the economy. This’ll create higher unemployment rates, higher mortgage rates (people default & lose their homes) & higher poverty. This’ll have a knock on effect on the global economy such as the U.K. World Economic Forum - “You Will Own Nothing & Be Happy”
TVC:DXYEducation
by BA_Investments
USDJPY I Expect to rise after 339K May NFP report Welcome back! Let me know your thoughts in the comments! ** USDJPY 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!
Long
by BKTradingAcademy
2
NFP report: How Will it Shape the Gold Trend? NFP report: How Will it Shape the Gold Trend? Gold prices experienced a rise on Tuesday and Thursday (sideways on Wednesday), driven by traders' expectations of another interest rate hike by the US Federal Reserve. But is the medium-term downtrend really over? One fundamental indicator that can help answer this question is the nonfarm payrolls, due to be released this Friday (US time). Any unexpected outcomes could lead to heightened volatility in rate-sensitive assets such as gold. Market projections indicate that the upcoming nonfarm payrolls report for May will show a slowdown in job additions to the economy, with 190,000 jobs compared to the 253,000 jobs added in April. Interestingly, the forecast for the previous month was also around 190,000 jobs. The nonfarm payroll data serves as the final key indicator ahead of the release of inflation data on June 14 and the concurrent interest rate decision from the Federal Reserve. Market sentiment currently suggests a 60% probability of a 25 basis-point interest rate hike during the Federal Reserve's upcoming June meeting, compared to a 26% chance observed a week earlier. If implemented, this would mark the central bank's 11th consecutive rate increase. Gold was trading around $1,932, reaching its lowest level since March 17 before its incline began on Tuesday. While Thursday was a positive day for the metal, it still retraced about half of its gains on the day and now trades at approximately $1,960. It peaked at $1,974, which is the most immediate resistance level but without much historical precedence. Considering the NFP is still two days away, this level might become irrelevant. $1,985 is a level with more medium-term precedence but will have to wait until closer to the release of the data to tell if this level is something that needs to be watched. If gold turns to the downside, it might pay to keep an eye on $1,938 as a support level.
BLACKBULL:XAUUSD
by BlackBull_Markets
5 Key Factors Shaping US Dollar Trading This WeekThe US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week: US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt ceiling of $31.4 trillion, aiming to avoid a default. He has now called on Congress to pass the deal asap. Fitch ratings will remove the “negative watch” rating on the United States when the deal passes or looks likely to pass congress. The debt ceiling agreement has potentially weakened the safe-haven appeal of the US dollar, leading to an increase in risk appetite in global markets. The Personal Consumption Expenditures price index, the Federal Reserve's favored inflation measure, rose by 4.4% in April compared to the previous year, up from the 4.2% increase observed in March. This development has raised the probability of a 25-basis-point interest rate hike by the Federal Reserve in June. Due to the Memorial Day weekend in the US, as well as bank holidays in Europe and the UK, Monday will experience reduced market liquidity. Additionally, institutions are preparing for month-end trading on Wednesday, which could introduce more volatility. The US payrolls report for May will be released on June 2nd. Recent months have consistently shown better-than-expected job figures. It is anticipated that this week's job numbers will indicate an addition of 180,000 jobs, with a slight increase in the unemployment rate to 3.5%. A tighter job market will reinforce the Federal Reserve's hawkish stance, with strong wage data also providing support if the actual figures surpass estimates.
TVC:DXY
by BlackBull_Markets
EURUSD Potential Forecast | 8th May 2023Fundamental Backdrop Overall, EURUSD continues to be a bullish case on the larger timeframe. There are good reasons to believe in a bull case due to the interest rate differential between EUR and USD. Technical Confluences 1. Price is currently hovering around the previous swing high and bullish momentum has reduced to consolidation in price. Support marked out at 1.0755 where price could potentially retrace to. 2. On the daily timeframe of EURUSD, bullish pressure is waning and a deep retracement on EURUSD could be due soon. Idea Price can continue bullish to tap into the weekly high at 1.10922 NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
XAUUSD Potential Forecast | 8th May 2023Fundamental Backdrop With the volatility in place from last week's FOMC and NFP prints, the market has yet to stabilise and we could see volatility carried over from last week to the market. Technical Confluences 1. On the daily timeframe on XAUUSD, price has tapped onto the key resistance level at 2050 before rejecting. 2. An area of support at 1959 is crucial to look at amidst the high levels of liquidity existing above this support. Idea With plenty of liquidity near the support, price could potentially tap area at 1959 before heading up. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
OANDA:XAUUSDShort
by OlympusLab
DXY Potential Short Forecast | 8th May 2023Fundamental Backdrop We had the FOMC and NFP news release last week. The FOMC increased its rate hike by 25 basis points as expected to 5.25%. The DXY dropped to a low of 101 after FED Chair Jerome Powell acknowledged the central bank's efforts to tame inflation is seeing some progress, also giving indication that it is nearing the end of its hiking cycle soon. Although the NFP results were better than expected, increasing by 253,000 jobs last month, exceeding economists’ expectations, and the unemployment rate dropping to a 53-year low of 3.4%. The results were overshadowed by traders watching for the Fed’s possible interest rate cut or pause which caused the DXY to weaken further after the NFP news release. Technical Confluences 1. Near-term support at 101 2. Next key support at 100 Idea The 1st support is at the 101 round number. We are looking for price to continue bearish towards that area. A break below 100.800 could potentially bring price towards the next strong key support of 100. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
TVC:DXYShort
by OlympusLab
1