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Key Levels and US Market Review for the Asian session open 8/05Stronger than expected employment data in the US sent bulls into a frenzy and pushed share markets higher into the weekend as recession fears eased. On the flip side, a resilient economy will flow over into inflation and mean that inflation will stay higher for longer and put further upside pressure on interest rates. US Bond yields spiked as to did the USD while Gold nosedived off highs. Copper and Oil found some love from higher expected demand. Expecting a strong open for Asian markets with the ASX200 to open up 70 points, the Hang Seng to open up 130 pts while the Nikkei may open relatively flat thanks to Fridays US market rally. With stronger economic data comes stickier/resilient inflation so bulls may be getting ahead of themselves as the US Fed will have to think about another rate rise if economic data continues to show strength. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Key Levels and US Market Review for the Asian session open 4/05US indexes came under fire after the Federal Reserve raised interest rates 0.25%. Expect that Europe will play catchup and see weakness on the open. The Fed have now moved to a data dependant stance and could possibly pause in June if economic data comes in weaker...this is not so good for bulls as it would point to a weakening US economy. Gold punched up into new all time highs after the US close while Oil and US bond yields dumped. Expecting a weaker open for Asian markets with the ASX200 to open down 25/30 points, Nikkei will have to wait to play catchup as the underlying index is closed, and the Hang Seng to open up 25/30 points. With the FOMC statement changed slightly, traders will be focused on economic data and a slowing US economy...so expect to hear the word 'recession' a lot more. Some KEY ACTIONABLE LEVELS into the Asian market session. Review of the European and US sessions and what that will mean to the price action in the near term along with key levels to watch. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
2
EURUSD - It's at a very important area!EURUSD - It's at a very important area! EUR - We are currently at a very important support area of the range. What's happening to the market fundamentally? Yesterday we had a very Hawkish Powell, as I mentioned in my previous post we had the indication of 25 basis point but I did mention we could perhaps change to 50 well.. embedded that in and we had a hawkish upward revision upward revision to the 2024 Dot Plots and Fed Swaps Now Favours 50bp Hike In March Repricing Higher From 25bp as mentioned by Powell is not out of picture and being priced in. Now that's a very important information... We had 2 yrs escalate to 5%. The 2% target of inflation will be achievable and it is a global target. Even though we have a hawkish ECB, pricing in further hike. The dollar is having much more of a major movement overall. We had Gold hit 1800 areas again re-test of the lows, yields head higher, Yen 137 area and euro at the most important EUR 1.05 areas a break of this level, 1.04 can easily be achieved. However, if we break above the highs, I expect us to go towards 1.09 areas... Currently, we are within the ranges of highs: 1.07480 & lows: 1.04900. Don't forget we have a busy docket today: ADP, Fed Chair Powell Testifies, JOLTs...and end of this week NFP! Have a great day ahead, Trade Journal Key tip: Don't forget Risk Management!
by Trade_Journal
Key Levels and US Market Review for the Asian session open 6/03A review of the price action from the European session and US sessions with bulls taking charge and pressing major indexes higher. Traders continue to focus on the global economy versus sticky/high inflation and at this stage data is pointing to a resilient US economy absorbing those higher prices due to inflation. There is no fear driven selloff which shows that bargain hunters still believe in a longer term move up thanks to resilient economies so I continue to expect major swings in momentum up and down. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
Buying XPD at current swing lows.Palladium - Intraday - We look to Buy at 1755.1 (stop at 1729.2) Short term bias has turned positive. Levels below 1755 continue to attract buyers. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. We are trading at oversold extremes. Our profit targets will be 1819.8 and 1829.8 Resistance: 1800 / 1820 / 1830 Support: 1770 / 1755 / 1740 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:XPDUSDLong
by OANDA
GoldViewFX - 20 PIP SIGNAL SETUP IN ACTION!!! This is a simple 20 pip setup that can be used in ranging conditions allowing intraday setups both ways. We look for EMA5 to crossover MA21 UP or DOWN followed with a 1H closing candle, which we call the locking candle. Once this is done, we then enter on the next candle and target 20pips. The example on this chart shows the setup in action hitting targets up and down. Please don't forget to like, comment and follow to support us, we really appreciate it! GoldViewFX XAUUSD TOP AUTHOR
OANDA:XAUUSD
by Goldviewfx
14
SPY / SPXL - S&P 500 Analysis - Outlook$SPY 👀 - 💎 This chart, is a perfect example, how institutions are constantly building up liquidity (a massive of limit orders and stop losses of inexperienced/unsuspecting retail traders) to run them out (stop hunt). 💎 You see how easy it is to get caught on the wrong side of the market, if don't know how to read the charts (interpret them and forecast/anaylsis market cycles and future insititutional points of interest to be visited or revisisted. ✌️ If you're getting value out of my posts, then Follow, Share, Like, or Comment down below. 💰 #buildandgrow 📚 Updated Chart:
OANDA:SPX500USD
by ElBichotedelosGraficos
1
SPX500USD - Market Update: 09/02/2022$SPY (SPX500/USD) 👀 - 🚨Market Update: 09/02/2022 🚨 💎 After the release of the NonFarm Payrolls ( #NFP ) data this morning the US Currency Index ( #DXY ) tanked and stocks and cryptocurrencies rallied. 💎 This is due to the following key takeaways from release, as follows: ✅ (Positive) US Employers added 315,000 payrolls, exceeding the expected 300,000 payrolls. 🩸 (Negative) US Employment rate rose from 3.5% to 3.7%. 💎 Regarding the S&P 500 Index specifically, leading up to today’s NFP release the market had been previously seeking and destroying lower price targets and objectives. Therefore, I am not surprised to see the Dollar tank and Stocks/Cryptos rally, as both need to perform equilibrium pullbacks before reversing to complete one more impulse back in the opposite direction. 💎 I am expecting for us to run the liquidity (stop hunt) above $4,013 to $4,015 before we might start seeing signs of #distribution , before a reversal to mitigate out of the 1h Institutional Sell Candle before moving the market back higher. 💎Timing is key! I cannot say this enough. Price doesn’t know time and time doesn’t know price. Be patient, follow the rules, your trading/investing plan and profitable is in your near future. Trust me! 💎 As always, don't take my word. Do your own research first. Investing involves risks and you accept those risks on your own everytime you enter the #markets. 📊 To View or Save My Chart: #longterm #possabilities #alittleatatime #buildandgrow #time4change #invest #buythedip #staystrong #evs #accumulation #technicalanalysiswanted #technicalanalysis #daytrader
OANDA:SPX500USD
by ElBichotedelosGraficos