Looking for post NFP USD/JPY rally Monday/Tuesday to stall pre US CPI near Y136.50-137, then potential profit taking Wednesday into the US CPI numbers which if weak is huge downside for USD.
Trading US CPI live at Wednesday at tradingview.com/streams if you want to see a polymath crunch 12 charts in real time and pull the trigger. CPI would have to be dead on...
Very nice respect of the 20 50 100 MA setup here in the USD/JPY downtrend.
We selling USD against Yen as it had the biggest rally when US yields went up and have the most room to fall back now Yields dropping.
Just wait for rejection off the 50 or 100 and can surf the downtrend on this fast moving pair.
Tracking US 10yr yields so keep an eye on them but...
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Our Crypto analyst provides 2 trading plans we can adopt and follow in this current market, and remember, FOMC this week, so anything can happen!
Support/Resistance Levels:
R1: 1475
S1: 1335
S2: 1230-1255
easyMarkets Account on TradingView allows you to...
Dollar Index has broken through 108 level and is trading at 108.30 which is the highest level since 08/2002. Meanwhile, EUR/USD slides to parity level as the lowest since January 2003. US CPI is the key financial data of the week.
Dollar Index has broken through 108 level and is trading at 108.30 which is the highest level since 08/2002, as a result XAU/USD continues declining to an almost 10-month low @ $1723 per ounce. Meanwhile, EUR/USD slides to parity level as the lowest since January 2003. US CPI is the key financial data of the week.
The USD/JPY rally has been driven by sharp increase in US interest rates and in particular is very sensitve to 10 year movements.
What has happened since the FED rate hike is a high in yields has been put in short term and we are consolidating lower, this has not yet jumped across meaningfully to the USD/JPY which is rallying on Momentum and made fresh highs...
EUR/USD has been gently trying to rally in recent days with the USD peaking with US interest rate a week ago.
SInce the US interest rates peaked the edging lower has allowed the EUR/USD to bounce and if we head into full blown recession, US rates have the most to give back whilst EURO rates have moved little in the biggest European bond market Germany.
So the...
Is this the bottom? let the EMA's tell you ... in our latest stream, Crypto Analyst Danny runs you through critical, well-respected indicators and levels that can give you insight into whether or not Bitcoin will stop the bleeding anytime soon.
Knife-catching/Scale-in zone: 18000-18650
Stop Losses below 16800
Conservative Long Entry (Short Term): Break of 50EMA...
Bears have had not had so much fun and confidence since 2008 as the Inflation/recession combo and aggressive rate hikes keeps the bad news for stocks rolling in.
Relief rallies will come from oversold conditions but also understanding the narratives driving the selling will help spot the reversal stories, we had one yesterday from large drop in Oil and inflation...
Looking for sellers to take profit and bargain hunters to squeeze this heavily sold Australia stock index into the close Friday or for Pop higher Morning if US stocks can Bounce.
In large sell offs Friday are profit taking days for sellers and this naturally causing some buying as they close short positions and in the fallout there are some stocks that are bought...
BTC has been consecutively sold for 7 days straight and tends to be flirting with major support... from an analyst's perspective, we look at how we can more safely trade the volatility and scale in with minor positions.
Support 1: weekly 200EMA (22,300)
Support 2: 19,500 (Major Support)
easyMarkets Account on TradingView allows you to combine easyMarkets...
US CPI is going to set the tone for US markets and the USD for the rest of the month ahead of the next FED meeting.
A high inflation number will encourage the bond traders to push FED rate hike expectations higher and higher. US stocks would likely fall further under these conditions.
A weaker inflation number 5.9% y/y is forecast and this may be enough to see...
200 EMA has perfectly rejected the last 3 bear market rallies and is now a huge level for bulls to break to ease the downside pressure, otherwise further bearish price action opens up retest of May lows near 25k.
Key Pivot for this indicator is currently $31600 as of publishing.
easyMarkets Account on TradingView allows you to combine easyMarkets industry...
RBA has announced the biggest single hike in the cash rate since 2000. Inflation in Australia has increased significantly and is expected to increase further. RBA wants to combat inflation before it gets out of control.
RBA expects to take further steps in the process of normalizing monetary policies over the months ahead.
ASX fell sharply, more than 1.5%...
Oil Volatility is driving multiple markets and in this video we explain the transmission mechanism of how Oil gets through to the markets you trade.
We look through US Yields, USD/JPY and US stock market relationships with Oil and provide the correlations you need to watch to trade successfully.
easyMarkets Account on TradingView allows you to combine...
As we scope out the technical support and resistance levels for ETH/USD, we also plan the potential pathways and stronger/risker entry points we can take from a neutral perspective.
Along with some examples of confluent entry points for Long/Short positions.
Support 1: 1790
Support 2: 1720
Support 3: 1580
Resistance 1: 1890
Resistance 2: 1940
Resistance 3:...
AUD/USD has led the relief rally but with inflation remaining high can stocks resume uptrend or are we just in a bear market bounce.
We will soon find out as AUD and EUR/USD and US Stocks have all run into resistance at the normal sort of bounce levels and we have stalled now for 2 days.
If we break down lower or higher here we have to respect the markets price...
