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GBPUSD has an upward trendThe dollar fell slightly in mid-session after data for US retail sales rose more than expected in September, as consultants focused on a series of speeches from government agencies. US Federal Reserve (Fed) officials. Marc Chandler, Chief Market Strategist at Bannockburn Global Forex, said: “The view that the US economy slowed in the fourth quarter is because consumers will cut back on spending activities after ramping up spending. spent in the third quarter". Despite positive sales, LPL Financial Chief Economist Jeffrey Roach noted that there are several headwinds affecting American consumers. “Investors need to look at sales figures to get a better view of consumers. Increasing credit usage and early signs of overdue debt could reduce spending demand," he emphasized. Traders are assessing whether the US central bank may raise interest rates again, in an effort to bring inflation closer to its 2% target. According to CME Group's FedWatch Tool, Fed funds futures traders are pricing in a 43% chance of another rate hike this year, but only a 12% chance of a rate hike next month. In the opposite direction, the Euro increased 0.08%, reaching 1.0569 USD.
Long
by FalCol_TradingMaster
CADJPY fell sharply because of the country's recessionCurrently, data is showing that Canada will avoid a full recession this year. According to forecasts by consulting firm RSM Canada, the probability of a recession in the next 12 months is now at 60%, down from 75% at the beginning of this year. Furthermore, that probability may decrease further in the coming days. After three years of dramatic economic change, Canada is on a path to steady, if slower, growth. According to the International Monetary Fund (IMF), the country's Gross Domestic Product (GDP) is expected to increase 1.7%/quarter this year and 1.4%/quarter next year.
Short
by Chart_MasterPro
Saturation of GBPCADOutput growth in the first half of the year was more stable than expected. GDP increased 0.4% in the June quarter, although GDP and household consumption both continued to decline on a per capita basis. Domestic demand was stronger than expected as strong growth in business investment and public investment offset weak growth in household consumption during the quarter. There have also been modest upward revisions to GDP over the previous several quarters, leaving year-end GDP growth about half a percentage point higher than forecast in August. Timely indicators point to continued output. continued modest growth in the September quarter.
by Chart_MasterPro
C Citigroup Options Ahead of Earnings If you haven`t bought the dip on Citigroup here: Then analyzing the options chain and the chart patterns of C Citigroup prior to the earnings report this week, I would consider purchasing the 41.50usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $1.06. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:CLong
by TopgOptions
GBPUSD after falling will increase againGBPUSD was last trading over 0.2% higher at $1.2202. Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected. "What we've got is a fairly weak growth story (from China), and that's weighing on the price numbers," said Rob Carnell, regional head of research in the Asia-Pacific region at ING. He added that the government could feel pressure to offer further support to the economy, albeit limited. Bloomberg News reported earlier in the week that China is considering raising its budget deficit for 2023 as the government prepares to unleash a new round of stimulus to help the economy meet the official growth target. China's trade data for September, meanwhile, showed exports and imports both shrank at a slower pace for a second month, providing some encouragement to authorities.
Long
by FalCol_TradingMaster
EURUSD decreased then increased againThe euro EURUSD ticked up nearly 0.2% to $1.0549 after taking a tumble overnight against the dollar, while sterling GBPUSD was last trading over 0.2% higher at $1.2202. Investors also digested producer and consumer prices data out of China on Friday that showed deflationary pressures were slightly stronger than expected. "What we've got is a fairly weak growth story (from China), and that's weighing on the price numbers," said Rob Carnell, regional head of research in the Asia-Pacific region at ING. He added that the government could feel pressure to offer further support to the economy, albeit limited.
Long
by FalCol_TradingMaster
GBP JPY fluctuates as threat of intervention increasesThe yen is approaching the key psychological level of 150 yen per dollar after the interest rate gap with the US widened due to hotter-than-expected inflation data. The currency traded just below that rate against the greenback on Friday morning in Asia amid speculation that Japanese authorities would intervene if the yen suddenly weakens. The Group of Seven reaffirmed its position that excessive moves are problematic, a senior finance ministry official said, during a meeting on Thursday in Morocco. Yuta Suzuki, vice president of MUFG Bank Ltd. in New York
by Chart_MasterPro
XAUUSD is trending downWorld gold prices tend to increase in the first trading session of the week. Wall Street analysts and retail investors are evenly split on the outlook for gold prices this week. After a series of days of losses since the US Federal Reserve (FED) kept interest rates unchanged on September 20 and after the US employment report pushed spot gold prices to a new 7-month low of 1810.46 USD, gold is finally showing signs of positive recovery. Meanwhile, Mr. James Stanley - senior market strategist at Forex.com said that gold will maintain its recent price range but cannot increase in price, and the precious metal may even probe its low level this week. This. XAUUSD SELL 1850 -1852 ✔️TP1: 1844 ✔️TP2: 1838 ❌SL: 1856
OANDA:XAUUSDShort
by FalCol_TradingMaster
1
Gold tends to decreaseWorld gold prices tend to increase in the first trading session of the week. Wall Street analysts and retail investors are evenly split on the outlook for gold prices this week. After a series of days of losses since the US Federal Reserve (FED) kept interest rates unchanged on September 20 and after the US employment report pushed spot gold prices to a new 7-month low of 1810.46 USD, gold is finally showing signs of positive recovery. Meanwhile, Mr. James Stanley - senior market strategist at Forex.com said that gold will maintain its recent price range but cannot increase in price, and the precious metal may even probe its low level this week. This. TVC:GOLD SELL 1850 -1852 ✔️TP1: 1844 ✔️TP2: 1838 ❌SL: 1856
TVC:GOLDShort
by FalCol_TradingMaster
EURUSD is trending downSupport for lower EUR/USD remains in early 4Q but becomes less clear in November and December, when seasonality indicates a weak USD and positive risk appetite, SEB Research analysts say in a note. "However, in October, the relative rate spread tends to be supportive of a lower EUR/USD," they say. Current macroeconomic trends also support a stronger USD, with the soft-landing narrative and "higher for longer" monetary policy stance having a strong hold on markets, they say. The euro trades 0.1% lower at $1.0538.
Short
by FalCol_TradingMaster
GOLD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold. New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target. TVC:GOLD BUY 1819 - 1817🔼🔼 ✔️TP1: 1824 ✔️TP2: 1830 ❌SL: 1812
TVC:GOLDLong
by FalCol_TradingMaster
1
XAUUSD movement trendWorld gold spot price stands around 1,822.7 USD/ounce, up 3.6 USD/ounce compared to last night. The price of gold futures delivered in December on the Comex New York floor is at 1,836.5 USD/ounce. The gold market did not have much reaction to the new numbers on labor in the US. US 10-year government bond yields left the highest level in the past 16 years. The USD also fell, thereby reducing the pressure on gold. New York Fed President John Williams said the central bank may hold off on raising interest rates as inflationary pressures, while still high, are returning to the official target. OANDA:XAUUSD BUY 1819 - 1817🔼🔼 ✔️TP1: 1824 ✔️TP2: 1830 ❌SL: 1812
OANDA:XAUUSDLong
by FalCol_TradingMaster
EURUSD is trending downEuro exchange rate developments on the world market show that the EUR/USD index is currently at 1.0521, an increase of 0.0018 points, equivalent to 0.17% compared to the previous session. After yesterday's sharp decline, today the Euro has decreased. regained recovery momentum. A rebound in oil prices has had a negative impact on the already deteriorating Eurozone economy, and concerns about Italy's fiscal situation mean the downside for the Euro is growing. increases, increasing the possibility of this currency falling closer to the 1 USD/EUR mark. The main reason is because the USD is strong when the US economy is strong. However, there are internal factors, especially the impact of rising oil prices, that put the stagnant Eurozone economy at risk of weakening further. The common currency is vulnerable to rising oil prices, as net imports account for over 90% of the supply of petroleum products in the European Union. Nomura also forecasts that the Euro will fall to 1.02 USD/euro by the end of the year, a further 3% decrease from the current level.
Short
by FalCol_TradingMaster
Direction of movement of XAUUSDWorld gold prices last night almost only fluctuated in the range of 1,820 - 1,830 USD/ounce. By 6 a.m. on October 4, today's gold price was trading at 1,822 USD/ounce, on par with the price at the same time the previous day. According to analysts, after many days of continuous increase, the USD Index has reversed. going down, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. According to the latest figures from the World Gold Council, central banks bought 77 tonnes of gold in August, up 38% from purchases in July. Over the past three months, central banks have purchased 219 tons of gold after record net purchases in the first half of the year. Countries with USD-denominated debt continue to face high financing costs. James Robertson, an analyst at Grant's Interest Rate Observer, said the only way for countries to reduce those costs is to diversify away from the dollar and gold remains the most attractive global monetary asset. TVC:GOLD BUY 1827-1829 ✔️TP1: 1833 ✔️TP2: 1837 ❌SL: 1822
TVC:GOLDLong
by FalCol_TradingMaster
Direction of movement of XAUUSDWorld gold prices last night almost only fluctuated in the range of 1,820 - 1,830 USD/ounce. By 6 a.m. on October 4, today's gold price was trading at 1,822 USD/ounce, on par with the price at the same time the previous day. According to analysts, after many days of continuous increase, the USD Index has reversed. going down, causing the USD to decrease in value compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. According to the latest figures from the World Gold Council, central banks bought 77 tonnes of gold in August, up 38% from purchases in July. Over the past three months, central banks have purchased 219 tons of gold after record net purchases in the first half of the year. Countries with USD-denominated debt continue to face high financing costs. James Robertson, an analyst at Grant's Interest Rate Observer, said the only way for countries to reduce those costs is to diversify away from the dollar and gold remains the most attractive global monetary asset. OANDA:XAUUSD BUY 1827-1829 ✔️TP1: 1833 ✔️TP2: 1837 ❌SL: 1822
OANDA:XAUUSDLong
by FalCol_TradingMaster
EURUSD has an upward trendJulius Baer reduces its forecasts for the euro versus the dollar, now expecting it at $1.04 in three months compared with a previous forecast of $1.10, reflecting recent price movements and as the economyfavors a stronger dollar, economists David Kohl and Stephanie Kennedy say in a note. Given this week's dollar gains, it is increasingly difficult to justify forecasting euro appreciation as the dollar benefits from "a sustained tailwind." As both the Federal Reserve and the European Central Bank have probably completed their cycle of interest-rate increases, movements in the exchange rate will increasingly depend on economic momentum again, they say. Julius Baer forecasts EUR/USD at 1.08 in 12 months' time. EUR/USD falls 0.1% to 1.0458.
Long
by FalCol_TradingMaster