This week in focus: 183,800-180,000-178,500 Personally, I like to buy GBPJPY, but we have to be careful since we have political tensions and this could lead to a possible change in general order flow. We have the possibility to have short term sells. At the same time, we have the unemployment rate, retail sales and inflation rate which could lead to further...
GBP this morning got good data better than forecast better than prior. JPY continues with poor monetary policy. Yesterday we had JPY intervention but this didn't change the overall trend. GBPJPY buys.
After the USD data we can see that there are no big changes in the market. The dollar continues to dominate. I’m looking to sell EURUSD around Asian open
After the USD data we can see that there are no big changes in the market. The dollar continues to dominate. I’m looking to sell GBPUSD around Asian open
GBP this morning got good data better than forecast better than prior. JPY continues with poor monetary policy. Yesterday we had JPY intervention but this didn't change the overall trend. GBPJPY buys.
KEY LEVELS ON THE CHART SAFE OPTIONS BLUE/RED ------------------------------- Confirmations GBPUSD bull EURJPY bull
Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD.
Today we have HIGH impact NEWS. We have this 2 profitable scenarios. 1-HIGH CPI GOLD, STOCK MARKET bears (FED ACTIVE) 2-BETTER THAN EXPECTED GOLD, STOCK MARKET bull (FED slow down)
Not much to say. Confirmations -DXY bull -Gold bear -StockMarket bear -Fed Active
Scenario completed. High CPI means more rate hikes.. USD bull / SM bear / Crypto Bear
Scenario completed. High CPI means more rate hikes.. USD bull / SM bear / Crypto Bear
Not much to say. Continuing with HIGH CPI SetUp USDCAD retest to previous lows and then with the fundamentals (possible HIGH CPI numbers) continues up.
Waiting the news but this is 1 of the 3 setups. 1- High Cpi 2- Expected Cpi or close to the previous Cpi (Gold ranges or a little bit bull) 3- Cpi improvement ---> Gold bull
If 1h th closes with rejection and the new 1h candle starts with a retest in entry points at 1m th the setUp will be valid. Confirmations: GBPUSD BULL EURJPY BULL
If the NY volume can break 1781. We can expect buys. Confirmations: ---------------- DXY bear GBPUSD and EURUSD bull
GOLD expectations BEFORE FOMC DATA 3 Setups according with the possible data. Dovish - Neutral - Hard ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
Buys on GOLD KEY Levels 1795 1803/1800 1812 + Confirmations DXY Bear + GBPUSD/EURUSD BULL ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
1. If the Non-Farm Payrolls data remains above 200K and the unemployment rate remains below 3.7%, GOLD SELLS below | 1795 -1789 | 2. If Non-Farm Payrolls data remains UNDER 200K and Unemployment Rate ABOVE 3.7% BUY GOLD BUY | 1803 | + confirmations DXY BULL (2) / BEAR (1) ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝