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WHAT CAN WE EXPECT FROM XAU/USD BASED ON NFP COMEOUTS?Happy Friday, TradingView community! You've made it through another successful week of trading (hopefully); however, we're not done yet. In an hour and a half from the time of writing this post, we're having the NFP data released for US economy as it is the first Friday of the month. Non-farm payrolls give us an insight into the change in Average Hourly Earning, Employment change and subsequent Unemployment rate in the United States. As you might guess, this would be quite an important news release for any world economy. Overall, the projections for this month are quite conservative. Thus, most people expect the more likely scenario of the "Actual" NFP data to be better than the initial forecast. This would be the positive reading for USD and all the pairs that have USD as a first currency. In this case, for XAUUSD we have a drop till 1830s with a further retest and bounce all the way to 1790. However, we also made sure to include Scenario #2 for the case of "Actual" being lower than the "Forecast" (less likely). It is pretty self-explanatory, yet not as likely as the previous scenario. Either way, we're looking to clarify some direction for the next week and make some money along the way :)
OANDA:XAUUSDShort
by Investroy
8
GBPUSD : Current Situation & Technical , Fundamental View- DXY is currently at 101.668 LEVEL. Also the GBP FEATURE stays at 1.2573 LEVEL. GBPUSD PRICE is slightly higher than DYNAMIC S / R LEVELS. Maybe Sell to DYNAMIC S / R LEVELS before another UP. Then most of the time the PRICE can be sold in the form of STRUCTURE. - Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK Tone. VIX INDEXES DOWN. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Friday. - GBPUSD PRICE can be UP to 1.2861 LEVEL before DOWN. After that it can be DOWN to 1.1950 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP to LIVEL 1.2861 can be USD if a NEGATIVE SENTIMENT is received. FED UPDATES are very important for that.
by benny_marshall
New buying opportunities on EURUSD before NFPThis week EURUSD tricks us into switching directions a few times already. Today, we actually think it's clear were price wants to go next and that's 1,0900 It's the first Friday of the month which means we have NFP. We could expect some movements in the market. We're looking at possibly buying with stops below 1,0625, expecting for price to continue above 1,0900. In case of a drop to around 1,0700 and a bounce, then we can look to enter long.
Long
by ForexTrendline
11
Where is the US Dollar Heading?Foregoing the higher time frame structural integrity at this time (Stand by for an HTF Update), an intraday perspective at present day price delivery, highlights future potential for the upcoming High Impact News Event, Re: Non-Farm Payrolls (NFP). Based on the annotated chart attached, this author is of the technical opinion that the US Dollar Index has 'shown its hand' to complete an impulsive bearish delivery to the downside. Therefore, in my opinion, we can be looking for shorting opportunities leading into this High Impact News Event, observing all rules of engagement as per your trading plan.
TVC:DXYShort
by UnknownUnicorn34908408
2
Bitcoin and the Markets: Tomorrow is D-Day ⚔️Yes, tomorrow is gonna be a HUGE daY. Tomorrow is judgment day, we like to call it D-Day because one cannot ignore. So here we go: ⚔️Tomorrow, Friday the 3rd/June is the Employment report for the USA, the all-mighty NFP ⚔️ Tomorrow will be HUGE HEADLINES therefor. ⚔️ Not interested about headlines? ⚔️ Well take a look at yesterday's massive dip because of this headline: www.bloomberg.com Again: ⚔️Employment is the KEY FACTOR as explained before: ⚔️Previously we had calculated the Top for Nasdaq precisely here: ⚔️Tomorrow's employment data will either 'make us or break us' in a huge way: www.bnnbloomberg.ca ⚔️⚔️⚔️⚔️Federal Reserve looks at EMPLOYMENT first before adjusting Monetary policy. ⚔️⚔️⚔️⚔️ It's called the 'Federal Reserve's Dual Mandate' : The Federal Reserve's two mandates were shaped in the 1970s. The first is to maintain maximum employment and the second is the keep prices stable while and long-term interest rates at moderate levels.2 Rather than trying to reach 100% employment, maximum employment means keeping it at levels that are seen in normal economic conditions when there is neither a boom nor a recession. Stable prices and moderate long-term interest rates are deemed one mandate. Long-term interest rates are set with an eye to managing pricing pressure and inflation. ref: www.investopedia.com Bitcoin will follow the markets, the markets will follow the NFP, we expect to have a nice dip to buy or a nice pump to short simply because volatility will be insane tomorrow, it could be Epic. Professor is considering trading Live? Would you like that? One Love, the FXPROFESSOR⚔️ Watch this video.. it's worth it
Long
by FX_Professor
8
EUR/USD Holds On To Slim Gains After NFPThe EUR/USD managed to advance modestly on Friday following the US nonfarm payrolls data release as the greenback pulled back across the board. At the time of writing, the EUR/USD pair is trading at the 1.0550 area, holding on to slight daily and weekly gains after pulling back from a daily high of 1.0598. US nonfarm payrolls came out in line with market estimates. The US economy added 428,000 new jobs in April, versus 391,000 expected, while the average hourly earnings rose 5.5% YoY and the unemployment rate remained at 3.6%. However, with the Fed's monetary policy path set, the European Central Bank's gradual and accommodative monetary stance is the main factor that could continue to weaken the euro. In addition, risk aversion coming from the conflict between Russia and Ukraine and the outbreaks of Covid-19 in China will likely continue to favor the greenback. From a technical standpoint, the outlook remains clearly bearish according to the weekly chart, even though the EUR/USD is poised to post its first weekly gain after four consecutive falls. The daily chart shows the same picture as the pair continues to move sideways between 1.0500 and 1.0600 after a six-day losing streak seen in late April. The RSI has gained an upward slope but remains below its midline, while the MACD remains in sellers’ territory, although showing decreasing selling momentum. On the downside, the EUR/USD pair could find immediate support in the 1.0500-1.0490 area, where the psychological level converges with the weekly low. A loss of this area could expose the five-year low struck last week at 1.0470 and the 1.0400 zone. On the other hand, immediate resistance is seen at the 20-day moving average, currently at 1.0710, followed by the 1.0800 area.
by Alex_Boltyan_FXAnalyst
XAUUSD - KOG REPORT - NFP!KOG Report NFP: This is our view for NFP 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 can cause aggressive swings in price. We’re going to keep this brief today as its very likely we won’t be trading this release unless our key levels are hit and then we may look to take a position. So far this week we’ve hit the lower target on Gold and we’ve hit the 1913-15 target on Gold. This leaves us with two values, one above and one below that we now want to target. The level above is illustrated on the chart and is around the 1925 price region, this level we feel would represent an opportunity to take the short trade back towards the lower targets starting at 1840. The lower target is an aggressive low which is situated around the 1825 region. A push on the price towards this level we feel would represent an opportunity to take the long trade back up to target the 1850, 1860 and above that 1880 levels. Just as we saw with the FOMC report we swung into our zone and the price reacted giving the short. This time we’ll wait again at the higher or lower regions and not get involved on the intraday levels, especially on a Friday! Hope this helps in preparation for NFP. 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.
FX:XAUUSD
by KnightsofGold
10
AUDJPY - WILL CONTINUE TO FOLLOW THE MARKET SENTIMENT ??- Today presented their Monetary Policy Statement to AUD. They further stated that it is imperative that their statutory reserve ratios be increased further. No. It will in some way build a POSITIVE SENTIMENT to the Australian dollar. There is not much important news for JPY today. So the AUDJPY MARKET SENTIMENT will be FOLLOWED. - AUDJPY Must understand the MARKET SENTIMENT before doing TRADE. The current SENTIMENT has a very NEUTRAL SENTIMENT. Then you have to look for an understanding of VIX INDEX and JAPANESE FEATURE CHART. Then you need to see what happens in EQUITY MARKETS. Especially the Snp500 CHART. Then you need to understand DIVERGANCE and MARKET STRUCTURES. Having an understanding of COMMODITIES is a must. - The AUD FEATURE sold out a bit last week because the MARKETS continue to RISK OFF. But now HIGHER has got a HIGH. And then it's PULLBACK again. AUD FEATURE stands at 0.7039 LEVEL. JXY is currently down a bit. According to the MARKET SENTIMENT and the AUD can be slightly STRONG again. Price is below AUDJPY DYNAMIC LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. - AUDJPY PRICE can go to 91.14 LEVEL before UP. Then you can UP to 96.00 LEVEL. Buying AUDJPY is a bit risky if VIX is UP. Currently VIX is becoming UP. So wait until VOLATILITY RED and get the AUDJPY BUY ENTRY.
by benny_marshall
EURGBP - FUNDAMENTAL AND TECHNICAL VIEW- There is not much important news today for EUR or GBP. But this week's LOW IMPACT for EUR, but some very important news will be released. So we definitely need to be vigilant about the EUR today. - EUR FEATURE currently stands at 1.0592 LEVEL. We can see a very UP TREND compared to the previous days. This is because of the fact that ECB offers a very HAWKISH CENTRAL BANK UPDATE. It is located above the EURGBP DYNAMIC S / R LEVELS. Also the GBP FEATURE stays at 1.2351 LEVEL. The EURGBP PRICE is priced below the DYNAMIC S / R LEVELS. Therefore, most of the time the PRICE can be sold in the form of a STRUCTURE and BUY. Before that a RETRACEMENT can come to DYNAMIC S / R LEVELS. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. - EURGBP PRICE can be DOWN to 0.8498 LEVEL before UP. Then you can UP to LEVEL 0.8584. Also the MARKET SENTIMENT may change after NFP. Be aware of how the ECONOMIC INDICATORS and MARKET SENTIMENT differ.
by benny_marshall
GBPUSD : Current Situation & Technical , Fundamental View- It is not possible to find any important ECONOMIC INDICATOR for GBP in ECONOMIC CALENDAR today. We can look forward to the USD NFP DATA release today at the NEWYORK SESSION. You definitely have to be careful about that. - DXY is currently at 103.533 LEVEL. Above the DXY 100 is a very good STRONG condition. Also the GBP FEATURE stays at 1.2443 LEVEL. GBPUSD PRICE has gone below DYNAMIC S / R LEVELS. Maybe DYNAMIC S / R LEVELS can be UP before moving further. Then most of the time the PRICE can be sold in the form of STRUCTURE. - Currently the SENTIMENT of the OVERALL MARKET is NEUTRAL. But it's too heavy for RISK OFF status. Also the EQUITIES are turning a bit red. VIX INDEXES UP UP. Also COMMODITIES now shows a UP SIDE BIAS. Currently the market has a NEUTRAL BIAS. - GBPUSD PRICE can be UP to 1.2588 LEVEL before DOWN. Then you can DOWN to 1.2080 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP to 1.3192 LEVEL can be USD if a NEGATIVE SENTIMENT is received. FED UPDATES are very important for that.
by benny_marshall
4H USDJPY buyers setting sights on resistance retest? Hi, trading view community. Looking at the $/J, the current 4-hour uptrend continues to trade above the range high, but the real test for us is above at 131.00. Price looks to be struggling at this stage close to the European open. If we did see a new move back to and above 131.00, you would think that buyer momentum is back on track, and the current trend has further to run. Today’s US employment figure could be a make or break after a very choppy two days of trade for the USD. Good trading
Long
by Eightcap
XAUUSD 12H TA : 05.02.22 (Update)If this current strong price support is lost, we can expect a drop to the $ 1845 range . but its not , (PLEASE SEE THE PREVIOUS ANALYSIS) Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 05.02.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
2
Are we going to see a new low on EURUSD this week?The downside move continues and it looks like we will see another low on EURUSD. The pullback that happened on Friday gives us a chance to enter short again with targets at 1,0400. This week, we also have FED Interest rate as well as NFP. That could possibly mean big moves and potential reversals. At the beginning of the week, we're looking for a breakout of the previous low and we don't want to see price breaking above 1,0600!
Short
by ForexTrendline
22
Euro stems bleeding as CPI hits 7.5%Inflation has been skyrocketing in the US and UK, giving the Fed and BoE plenty of sleepless nights. Inflation levels had been lower in the eurozone, and ECB President Christine Lagarde has not made inflation a priority, arguing that high inflation would ease. Meanwhile, eurozone inflation for March jumped to 7.5% YoY, up from 5.9% in February and above the consensus of 6.6%. Ahead of the release, ECB Vice-President De Guindos said that inflation should peak in the next two or three months. Clearly, the ECB brass has no intention of tightening policy in response to accelerating inflation. Lagarde has acknowledged that this stance will put the ECB out of sync with the Fed but has argued that the two central banks are dealing with different economic conditions. According to Lagarde, the war in Ukraine is having a much greater effect on Europe than on the US, which requires different policies from the two central banks. Lagarde can make a case for not embarking on the same rate path as the Fed, but what happens if inflation does not peak in the next few months, as the ECB is counting on? If that happens, Lagarde could choose to stick to her guns, or she may have to finally begin to tighten policy in order to curb inflation. The week ended on a high note, as the US employment report was quite strong. Nonfarm payrolls posted a solid gain of 431 thousand, although this was shy of the estimate of 490K. The unemployment rate fell from 3.8% to 3.6% and wage growth rose to 5.6% YoY, up from 5.2%. There is weak support at 1.1049, followed by 1.0940 EUR/USD faces resistance at 1.1114 and 1.1158
by OANDA