Sentimental Gloom for the Dollar
Fundamentals & Sentiment
USD:
- The Fed is still in "wait and see" mode
- Recent US data has been weak (except JOLTS)
- Services PMI is expected to come out weak today
XAU:
- both USD and XAU are stretched to the upside
Technical & Other
Setup: S(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Range
Long-term: Range
Min target: local highs
Risk: 0.84%
USD:
- The Fed is still in "wait and see" mode
- Recent US data has been weak (except JOLTS)
- Services PMI is expected to come out weak today
XAU:
- both USD and XAU are stretched to the upside
Technical & Other
Setup: S(B)
Setup timeframe: 4h
Trigger: 4h
Medium-term: Range
Long-term: Range
Min target: local highs
Risk: 0.84%
Trade active
NFP shook out 1/2 at break even
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.